Developer in high-profile Miami condo buyout is sued over luxury Bahamas project
A South Florida development firm already embroiled in a high-profile legal dispute over an attempted Edgewater condo buyout is being sued over a Four Seasons-branded luxury residential development in the Bahamas.
Soho Development filed an amended complaint against Two Roads Development in New York Supreme Court Wednesday seeking more than $30 million in damages over allegations that the company cut them out of a $300 million development on Paradise Island, just off the coast of the Bahamian capital of Nassau.
Soho alleges Two Roads breached a contract between the two firms by pursuing the development project with another firm to which Soho had introduced Two Roads. Soho alleges Two Roads began working on the development with Access Industries, the firm that owns the 6.15-acre beachfront parcel, without informing Soho.
“Soho entrusted Two Roads with a lucrative opportunity, the relationships that made it possible, and four years of confidential work — and got false assurances in return,” said attorney William A. Brewer III in a statement. “We intend to hold Two Roads to the commitment it made.”
The suit was originally filed in July 2025, about six months after the Paradise Island project – Two Roads’ first in the Bahamas – broke ground. In the amended complaint filed this week, the plaintiff accused Two Roads of unjust enrichment, in addition to breach of contract. Soho claims Two Roads stands to earn more than $50 million from the project.
In a statement to the Miami Herald after the amended complaint was filed, Two Roads managing partner Taylor Collins said the suit was “devoid of factual basis.”
Two Roads involved in other multimillion-dollar suits
Two Roads has been at the center of a multi-year legal dispute over its attempts to terminate and redevelop Biscayne 21, a bayfront condo building in Miami’s Edgewater neighborhood.
The developer began buying up units in the building several years ago, but some unit owners did not want to sell. The condo’s founding documents required 100% unit owner approval to terminate the condo association, so the developer tried to use its majority vote to amend that threshold. And in a rare win for residents suing a developer, a judge ruled last year that Two Roads could not terminate the association that way.
Earlier this year, the judge ruled that Two Roads had to repair the condo, which it had begun to demolish while the suit was still ongoing. At the time, the developer estimated it would cost more than $60 million to restore the MiMo-era building.
The suit has attracted statewide attention, as a growing number of developers try to take over aging condo buildings on prime lots, tear them down and build luxury condos. Last month, several people who bought units at the luxury Marriott-branded condo tower planned for the Biscayne 21 site sued Two Roads to try to get their deposits back.
Two Roads filed a countersuit against the holdout Biscayne 21 owners, arguing that the building was in such a state of disrepair that it did not make financial sense to repair it. The developer asked the judge to grant an economic termination, which typically happens when a building is damaged by a natural disaster, and the repairs would cost more than the value of the building.
In the months since Two Roads filed the suit, the Biscayne 21 residents and the developer been battling in court over whether the developer is on the hook for the repair bill.
Glen Waldman, the attorney representing the Biscayne 21 residents, has taken issue with Two Roads’ assertion that the building’s current state of disrepair is enough of a reason to terminate the condo association, because the developer caused the damage to the building. A judge will decide whether this argument holds up in a trial, which Waldman said will likely take place near the end of the year.
Two Roads said in a statement about the Biscayne 21 dispute that it is “encouraged by the progress to date” and remains “focused on moving the project forward.”
Waldman said he was unsurprised to see that Two Roads is involved in other litigation: “Leopards don’t change their spots.”
This story was originally published June 4, 2026 at 4:11 PM.
