From a resident
of the Prado:
"We had several concerns about our unit at the Prado.
Our biggest concern was regarding the installation of lights atop
our building only two floors above our unit. Mr. Nassi never discussed
this with anyone including those of us who had already placed over
twenty thousand dollars down. On most evenings, the lights don't work
properly so we look rather stupid to the rest of the community. Obviously,
it was Mr. Nassi's attempt to make our building appear like a Las
Vegas casino instead of a condo. Our other complaint is the size of
the parking spaces - they are only 7 1/2 wide and are impossible to live
with."
From 5280 Magazine Letters, November, 2003:
"As a unit owner
in the Prado, I will gladly show you the cheapest amenity appointments
that anyone could have possibly picked - not only for a luxury condominium,
but for a low-end apartment building. There was not one spoonful of
semigloss enamel anywhere in my unit. Everything in my unit top to
bottom was painted flat white. I repainted, but that's when I found
that no primer was used on my walls before they were painted flat
white. Another point, bathrooms were appointed with a built-in, low-voltage
flourescent vanity light that's an integral part of the small medicine
cabinet. I don't know what it's like putting on makeup, but it sure
is tough to shave in this light. BCN saved $10 in a J-box and a few
feet of wire while building. It would be easy to go on but I don't
have the time or paper available." - Carl Kell, Denver.
Kyle Wagner in the Denver Post (10-13-2004), in reference to Nassi’s Moda
Restaurant at the Beauvallon, said: "The tables were always wobbly, and trips
to the restrooms on two visits yielded giggles about the stall door handles
that come off in your hand like mannequin arms." The Moda Restaurant is now closed.
A recent article by Thomas J. Walsh which appeared
in the Reno Gazette-Journal (12/2/2004) is replete with stories of
individuals who had been priced out of their units by Nassi's tactics.
According to Gordon Miles, broker for Coldwell Banker Village Realty
in Reno, he signed an agreement in September 2003 for a $611,000
penthouse. In August, he said the price had gone to $822,000, a
34.5 percent increase.
Likewise, Jon Cheplak, a Reno-based real estate consultant, said he
agreed to buy a one-bedroom unit for $167,304 in January, only to have
the price raised to about $200,000. He said his brother had a similar
experience, along with others.
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