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OLD PORT CONDO. ASS'N v. OLD PORT HOLDINGS

No. 4D05-3601.

954 So.2d 742 (2007)

OLD PORT COVE CONDOMINIUM ASSOCIATION ONE, INC., Appellant, v. OLD PORT COVE HOLDINGS, INC.; and Old Port Cove Equities, Inc., Appellees.

District Court of Appeal of Florida, Fourth District.

May 2, 2007.

Attorney(s) appearing for the Case

Daniel S. Rosenbaum and John M. Siracusa of Becker & Poliakoff, P.A., West Palm Beach, for appellant.

Jack J. Aiello and Nicole K. Atkinson of Gunster Yoakley & Stewart, P.A., West Palm Beach, for appellee.

FARMER, J.

In 1977, the developers of a condominium entered into an agreement with the Condominium Association granting the Association a right of first refusal for the purchase of a parcel of real property adjoining the condominium. The Agreement stated:

"In the event that [developer] elects to sell the real property . . . the Association shall have the right of first refusal for the purchase of said real property upon the same terms and conditions as are...

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