Developer resolves Vue on Apache dispute
The developer of Tempe apartments designed and marketed for Arizona State University students says it has resolved a payment dispute and lawsuit with a construction contractor.
Chicago-based Campus Acquisitions says it has settled a $3 million lawsuit filed by contractor Nelson Phoenix LLC. Nelson claimed that Campus had not paid it for work done on the Vue on Apache.
The private development sits just east of ASU’s Tempe campus.
Campus Acquisitions Project Manager J.J. Smith said in a prepared statement the two companies resolved the $3 million dispute with mediators and “a new mutually agreeable payment amount" was established on a payment plan, Smith said payday loan.
The Vue on Apache, which opened August 2009, is one of the first privately developed and owned housing projects intended for ASU students, according to Smith’s statement.
Nelson filed a tax lien and lawsuit against Campus in late October saying Campus failed to make final payments on the private student housing next to ASU.
Calls to Nelson Phoenix LLC were not immediately returned.