Beik v. American Plaza Co.

This is a suit in equity for specific performance of a contract or, alternatively, for money damages for breach of the contract. The plaintiffs, condominium purchasers, prevailed in the trial court and the defendants appeal.

Defendant American Plaza Company is the owner and developer of a high-rise condominium development in Portland, Oregon, called the American Plaza (Plaza). The Plaza, when completed, is to consist of three multistoried towers, covered parking facilities, a recreation hall, putting green, wine cellar, and other amenities. At present only two of the three towers are…