A Saratoga Springs developer has filed a lawsuit over the planned Stillwater Landing housing project, alleging he had a right to buy it before it was sold this spring to someone else.
Developer Angelo Rosse says in court papers that he signed a contract to buy the approved but unbuilt 39-lot residential subdivision last August, but the deal was never completed.
In April, landowner N.K.T. Land Acquisitions of Clifton Park sold the project to James G. Doyle, an attorney and developer in Saratoga Springs.
In a lawsuit filed in state Supreme Court in Ballston Spa, Rosse is seeking $2,226,000 in damages, and for a judge to order that the August 2011 contract selling the land to him be honored.
Stillwater Landing, which would be the largest new development in the village of Stillwater in decades, would be built on 38 acres of vacant land at the end of Clinton Court, adjacent to the Hudson River. The village approved the project in 2009, with some amendments in 2010.
In court papers, attorneys for Rosse say he agreed last August to buy the approved project for the outstanding balance of a defaulted mortgage, plus a $75,000 payment to Scott Ronda of Clifton Park, attorney for N.K.T. Land Acquisitions.
At that point, according to the complaint, the mortgage was thought to be worth $400,000. A court-appointed foreclosure referee in October set a higher amount, and the complaint says Ronda then negotiated that amount down with the mortgage-holder to $325,000.
As the result of a dispute during that process, Rosse filed a complaint about Ronda with the state Committee on Professional Standards. The lawsuit alleged Ronda and N.K.T. refused to complete the transaction unless the complaint was withdrawn.
In April, N.K.T. sold the project to Doyle for $455,000, according to court records. Rosse says that sale should be negated, and his contract to buy Stillwater Landing honored.
Contacted Friday, Ronda said he was unaware of the lawsuit, and he did not comment.
Doyle, who is also a defendant in the lawsuit, did not return a call seeking comment.
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