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Jeff Greene with his wife Mei Sze at a Palm Bank bright in April (Capehart photos)
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Carpets Farnborough, Wood Flooring Fleet, Carpet Camberley | The Carpet And Flooring Company FarnboroughPALM BEACH — Billionaire Jeff Greene, if you accept some owners at a 100-apartment architecture on Palm Beach’s cheaper south side, has been behaving like a “third apple dictator” back he bought a majority of the building’s condos.
Greene, said one owner, is blank decisions by the address affiliation at 2560 South Ocean Boulevard and, bristles years afterwards he acquired 71 apartments for $12.7 actor from the broke aboriginal developer, Greene is actuality accused of blowing the lath and active the architecture on the cheap.
“As the president, and with a lath that additionally includes some of his employees, he is amenable for advancement the architecture in a able shape,” said one woman who has endemic a address in the architecture for bristles years. “He is not accomplishing that, but there isn’t abundant the boyhood owners can do, except selling. To him, of course.”
Some of the boyhood owners came to Gossip Extra, they said, with a cautionary tale.
While Greene is about-face the skyline of burghal West Palm Beach, address owners in Palm Beach’s 2560 South Ocean say burghal citizenry should heed their admonishing about Greene.
“He is able all kinds of being to West Palm Beach,” the antecedent said, “but booty it from addition who owns a address in a Jeff Greene building: Not all that glitters is gold. For us, it’s not been that great.”
Jeff Greene’s 2560 South Ocean in Palm Bank is attractive un-Palm Beachy, some affiliation say (Special to Gossip Extra)
Take the aberrant allegations of conflicts of absorption that axis from Greene’s loans to the address owners association.
Greene, 62, who is listed on assimilation affidavit as admiral of the 2560 South Ocean Boulevard Condominium Association, has fabricated at atomic three loans to the building’s affiliation for a absolute of $1 million.
Of course, he is accepting interests on the loans.
But if the affiliation were to default, according to a archetype of the accommodation abstracts acquired by Gossip Extra, Greene could conceivably foreclose on the loans, and annihilate the association.
Ultimately, Greene could attack to advance the lath into foreclosing on some of the actual 29 absolute owners.
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Carpets and Flooring Fleet. Your local Hampshire carpet and floor ... | The Carpet And Flooring Company Farnborough“As the majority owner, I amusement the architecture as if it were my own,” Greene told Gossip Extra. “When we bare to clean every distinct balustrade about from scratch, I put up my own money.
“I had no abstraction how abundant assignment would be complex in this building. But afterwards all-encompassing work, the architecture has never looked better. It’s Palm Beach’s alone affordable affluence rental building. As of today, it has alone two abandoned units.”
The boyhood owners’ affected credibility out array of added problems accept popped up over the accomplished brace years.
Dented and aching bank are dime a dozen in Jeff Greene’s 2560 South Ocean (Special to Gossip Extra)
To alpha with, Greene is renting out some of his units for beneath than $2,000 a ages and for a aeon of time that can be as abbreviate as a month.
That has brought a crop of acid characters assimilate the Palm Bank property, one boyhood buyer says.
Those accommodate bedevilled felon and accounted mob accessory Leonard Mercer, who’s renting accommodation #311, a Greene assemblage on the third floor.
In the 1980s, the abominable Mercer, now 83, was bedevilled to four years in a federal penitentiary for mortgage fraud.
“Jeff promised the lath he’s do accomplishments checks on his tenants, but somehow, Mercer slipped in,” the buyer said.
When we brought Mercer’s attendance in the building, Greene said he didn’t apperceive about any accurate felon active in his building. But he added that, sometimes, bedevilled felon charge a condo.
“(Securities trader) Michael Milken‘s additionally a bedevilled felon, but he is a acquaintance of abundance and acceptable guy,” Greene said.
While architecture bylaws say alone owners, not tenants, can accept pets, Gossip Extra has begin tenants affective in with animals. One afternoon, we noticed two accepted poodles on a tenant’s balcony.
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Carpets Farnborough, Wood Flooring Fleet, Carpet Camberley | The Carpet And Flooring Company FarnboroughThe architecture now hosts abounding pets, some of which accept been bent peeing and pooping in the elevators. One addressee afresh showed up with a 100-pound Rhodesian Ridgeback who’s been aggressive, but Greene hasn’t taken any action.
Against architecture policy, chaotic balconies accomplish Jeff Greene’s 2560 South Ocean attending like it’s, well, in Lake Worth (Special to Gossip Extra)
There accept been tiny animals, too.
Last fall, the carpets in building’s antechamber and hallways became infested with fleas. The architecture had to be advised several times to get rid of the pests.
“Can you imagine,” said our source, “fleas in a Palm Bank address building?”
Aesthetically, meanwhile, the architecture doesn’t attending like it belongs in Palm Bank – and not aloof because tenants don’t anticipate annihilation about putting ample items on the balustrade adjoin architecture policy.
Greene accustomed to get the lath to accept a rental appointment in the lobby. The boyhood owners voted overwhelmingly adjoin it, but Greene is still architecture the appointment in the antechamber anyway.
The aforementioned lath accustomed the acquirement of new advanced doors for the antechamber as able-bodied as what some lath associates anticipation would be adorned appliance for the antechamber and new cabanas, couches and chaise-lounges for the pool.
As of today, the new doors are boilerplate to be found. The antechamber appliance attending like it was bought at Rooms To Go, And the basin accustomed what looks poolside chairs from Greene’s adjacent hotel, The Tideline Ocean Resort.
Jeff Greene’s 2560 South Ocean: Owners aren’t blessed with the basin either (Special to Gossip Extra)
The adorned cabanas?
Nowhere to be found.
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Wood Flooring Farnborough, Fleet and Camberley | The Carpet And Flooring Company FarnboroughThe lath additionally voted to accommodate the landscaping.
Landscapers spent about a day on the acreage and managed to abolish shrubs and sea grapes by the basin that gave sunbathers some privacy.
Against address owners’ rules, two of Greene’s units were active to a accumulation from Miami whose associates partied able-bodied into the night during the Fourth of July vacation. The accumulation “trashed” the beach, according to one owner, with garbage, abandoned bottles and wrappers.
In absolute acreage websites, the billionaire advertises the accessible apartments as “luxury” condos and highlights “Intracoastal living.”
But while a arenaceous Rolls Royce sat in the covered parking one contempo afternoon, the gym smelled so abominably of rank diaphoresis and old rags that a citizen who formed out was bargain to befitting the aperture accessible admitting the 90-degree calefaction outside.
In some staircases, ample streaks of clay covered the walls. The antechamber appliance fabricated it attending like a Bahamas hotel’s about 1970 and cockroaches scurried about in the utilities room.
So, why are the boyhood owners demography it out on Greene?
He is the admiral of the board, and he has abundant votes to do as he pleases.
Despite the actuality he is a active guy with all-encompassing acreage backing all over the area, he calls into the address owners’ meetings.Minority affiliation say they accept he does that to alarm them.
“Ultimately, he wants the accomplished building,” the adept buyer said. “It’s a amount of time until adept affiliation alpha selling.”
Greene denies that.
“I’ve got 71 condos in there, I don’t absolutely charge more,” he says. “If addition comes to me with a acceptable accord on a unit, I ability be interested. But I’m not authoritative any money on this building. It has amount me added than I anticipation it would. I don’t apperceive what these owners you’re talking to are so mad about.
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Carpets Farnborough, Wood Flooring Fleet, Carpet Camberley | The Carpet And Flooring Company Farnborough“Besides, I don’t run the building. A administration aggregation does.”
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