Qatari Owner, Residents Of St. Regis Reach Deal To Repair Deteriorating Luxury Building

Residents of the St. Regis Bal Harbour condominiums — who sued the Qatari owner of the luxury Miami Beach hotel last year, claiming it had tried to cover up mold colonies, cracking concrete and possible structural damage — have reached a settlement and dismissed the complaint. The Bal Harbour North South Condominium Association and an affiliate of Al Rayyan Tourism Investment Co., controlled by a member of Qatar's ruling family, reached a deal that includes a testing and remediation plan to be conducted by a third party to address the issues raised in the lawsuit.