Aston Martin Residences condo association sues developer and related firms alleging multimillion-dollar self-dealing contracts

Lawsuit targets pre-turnover governance and vendor agreements at 300 Biscayne Boulevard Way

The condominium association at the 66-story Aston Martin Residences in Downtown Miami has filed a civil lawsuit in Miami-Dade Circuit Court against the project’s developer, Germán Coto, and a group of related companies and individuals. The complaint alleges a pattern of self-dealing and conflicts of interest tied to contracts and payments made while the building’s association was controlled by a developer-appointed board, a period commonly known as “turnover.”

The association—formally identified as the 300 Biscayne Boulevard Way Condo Association—seeks more than $5 million in damages. The lawsuit alleges breaches of fiduciary duty, fraud, and violations of Florida condominium law, arguing that the developer-controlled board executed agreements that financially benefited entities connected to the developer while exposing the association to inflated costs and weak oversight.

Key allegations: office lease, repair work, and service contracts

Among the central claims are allegations that the board entered into contracts without competitive bidding, without properly documented votes, and without disclosures of conflicts of interest. The complaint describes a network of vendors and management-related entities with ties to the developer and people affiliated with the development organization.

• Unit lease for office use: The suit alleges the association paid roughly $70,000 in rent for a unit used as an office under an agreement that created a conflict of interest, including claims the building already had designated office space available to the association at no cost.

• Water-damage repairs and insurance claims: The complaint alleges repair work connected to water intrusion was directed to a contractor linked to the developer without competitive bids or a written contract, and questions documentation supporting the billed scope of work.

• Concierge and operational services: The lawsuit alleges the association paid substantial monthly sums for concierge-related services and raises issues about invoice detail and whether services were delivered as represented.

• Security and cleaning agreements: The association alleges vendor contracts for security and cleaning were awarded under procedures that lacked competitive procurement and that billing included items or hours not adequately supported by records.

Disputed records and continuing litigation

The association also alleges it received incomplete records during the transition of control from the developer-run board to an owner-elected board, complicating efforts to audit spending and reconcile vendor payments. The complaint describes the use of legal counsel and forensic accounting work to assess the association’s financial position and contract history.

The dispute is not limited to one case. The pleadings describe additional litigation tied to agreements that the owner-controlled board later terminated, with at least one related entity seeking damages and other relief based on alleged breach of contract.

The case places renewed focus on the financial and governance risks that can arise during condominium turnover, when developers may retain significant control of association decisions before unit owners assume full oversight.

Project background

Aston Martin Residences is a branded condominium tower at 300 Biscayne Boulevard Way developed by an affiliate of G&G Business Developments. The building contains 391 residential units and was completed in 2024. The lawsuit centers on contracts and expenditures during the period when the association’s board was appointed and controlled by the developer.

As of publication, the allegations have not been adjudicated. The case will proceed through motions, discovery, and potential hearings in Miami-Dade Circuit Court unless resolved earlier.