More than $100,000 worth of liens have now been placed on the stalled Victoria Condos at 829 Yale St. by contractors that worked on the 40-unit midrise. It’s one of the remaining Fisher Homes properties that the Harris County court system hasn’t yet liquidated as part of its ongoing efforts to pay back the developer’s creditors — including some who’ve sued it for failing to pay their invoices on developments such as the Yale condos.
A rendering put out around the time sales began at the beginning of June 2016 shows what they would look like if they had people in them now:
After work on the 7 stories stopped last year, the Harris County judiciary took custody of a chunk of Fisher Homes’s portfolio in order to help pay a $69,489 judgement issued against the developer’s holding company Kavac LLC in court. In February, the court okayed closings on nearly 40 Kavac properties, including the once-bemoned condo midrise at 2802 Morrison St. near Woodland Park and townhome clusters like the Fisher Estates at Oak Forest (off 34th St.) and Waterhill Homes on Navigation (east of Lockwood), among other developed and undeveloped tracts.
More sell-offs could be next: just last month, a county judge appointed an additional receiver — an official who takes over business assets when their owner’s having trouble meeting its financial obligations — to handle payouts in a separate court case against Kavac for failing to cough up just $9,584 for petroleum products it bought in 2016. The plaintiff in that case, O’Rourke Petroleum, is seeking to recover that money, plus the attorney fees it’s incurred since lawyering up against Kavac in December 2016.
Nine other cases filed against Kavac over floating invoices have now been closed in county court, as well as many more in district court. Still open: litigation against the developer for tax delinquency, a few more instances of nonpayment, a lawsuit alleging that it knowingly used shoddy construction practices that costed buyers money on repairs, and one complaining it just never built the house a customer contracted it for in the first place.
- Previously on Swamplot:Â Fisher Homes’s Yale St. Condo Midrise Passes Mid-Rise; Victoria Condos Now Rising from That Big Hole by Fisher Homes’ Heights Mansion Office Your Chance to Nab Space in Fisher Homesâ€™s 3 Story Home Office in the Heights; A Heights-Area Homebuilderâ€™s New Home Office on Yale St.; Dogging the Morrison Heights Midrise with Doggerel; Studemont Condo Building Wants To Squeeze in Just North of Washington Ave
Photos: Swamplox inbox. Rendering: HAR