American Savings & Loan Association of Florida v. Pembroke Lakes Regional Center Associates, Ltd., C.F. Pembroke Associates
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
JOHNSON, Circuit Judge:
This case arises on appeal from the district court’s entry of a directed verdict in favor of Pembroke Lakes Regional Center Associates, Ltd. (“Lakes”), 711 F.Supp.1072.
I. FACTS
A. Background
This case involves a contract for the sale of land for construction of a shopping mall. In 1971, Pembroke Homes, Inc. (“Homes”) purchased 1547 acres in the village of Pembroke Pines. Homes developed most of the land with single-family homes, but reserved 247 acres for investment. Homes transferred this land to Pembroke Lakes, Ltd. (“PLL”), a Florida limited partnership.
In 1984,…
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