Boca Raton Luxury Condo Buyers Await Refunds Amid Years-Long Construction Delays

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Buyers of unfinished luxury condos in Boca Raton, including Nilesh Undavia, are struggling to recover their deposits. The Mandarin Oriental Residences project has been hit by major construction delays that have affected buyers' investments. A $417.7 million foreclosure lawsuit is further complicating the path to refunds for prospective homeowners. Developer Penn-Florida Companies blames the setbacks on factors such as rising construction costs and supply-chain problems.

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