Class-action lawsuit over shattering windows on Vancouver’s Shangri-La tower settled for $6 million
A settlement has been reached in a class-action lawsuit that alleged fogging, shattering, and cracking defects in the glass windows of downtown Vancouver’s Shangri-La residential condo tower.
The more than $6-million settlement, which is still pending final approval in B.C. Supreme Court next week, would compensate original and early presale buyers at one of Vancouver’s tallest towers with some of the city’s most expensive condos.
The agreement covers purchasers of pre-sale units who bought from the developer and buyers who took over a presale contract with the developer’s consent, both ahead of construction, which started in 2005 and was completed in 2009.
The settlement covers former owners, but not current ones if they bought units after that period. They face the cost of repairs and future special assessments as the two stratas — one for units on floors 16 to 43, and the other for those on floors from 44 to 62 — grapple with the complicated, window-related issues.