The condo association for the One Thousand Museum tower in downtown Miami filed a lawsuit against the building’s developer over an allegedly unlawful vote to waive funding for the association’s financial reserves, according to an April 1 complaint.
This marks the second time in a year that the association has taken legal action against the developer. The previous lawsuit, filed in February 2025, focused on alleged construction defects involving several subcontractors.
Developers Louis Birdman, Gilberto Bomeny, Kevin Venger, Gregg Covin and Todd Michael Glaser completed the 62-story luxury tower at 1000 Biscayne Boulevard in 2019. Notable buyers included billionaire Ken Griffin and David and Victoria Beckham. In this latest suit, the association claims that waiving reserve funding for a third fiscal year resulted in nearly $1.4 million not being deposited into its bank account. The group is also seeking more than $84,000 from the developer for unpaid services.
The lawsuit alleges that “the developer orchestrated its vote to waive the reserves because it didn’t have the money to pay.” It references a March 2021 article from The Real Deal about how developers secured a $90 million loan from Cirrus Real Estate Partners to avoid foreclosure proceedings initiated by Reuben Brothers. According to court documents, most units were still owned by developers when they voted in December 2020 to skip reserve contributions.
State law permits developers to waive or reduce reserve funding during an association’s first two years or after control shifts fully to unit owners. However, this complaint says those conditions did not apply since it was for a third fiscal year and some owners lacked proper voting certificates on file with the association—potentially reducing authorized votes.
The developers have not responded publicly regarding these allegations. Meanwhile, real estate activity continues at One Thousand Museum: David and Victoria Beckham sold their penthouse earlier this year for $24.6 million; Marc Anthony sold his unit last fall at a loss; and Ken Griffin has listed his penthouse with an asking price of $21 million through Corcoran Group’s Leah Barney.
Designed by Pritzker Prize-winning architect Zaha Hadid before her unexpected death during construction, One Thousand Museum is recognized for its exoskeleton design featured on PBS’s “Impossible Builds.” Hadid’s firm is now designing another luxury project—the Delmore—at Surfside.
