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RIVER BRIDGE v. AMERICAN SOMAX VENTURES

No. 4D08-2076.

18 So.3d 648 (2009)

RIVER BRIDGE CORPORATION and River Bridge Realty Corporation, Appellants, v. AMERICAN SOMAX VENTURES, a Florida General Partnership through its Partners, AMERICAN HOME DEVELOPMENT CORP., Somax Development Corp., and MSF International, Inc., Florida Corporations, Appellees.

District Court of Appeal of Florida, Fourth District.

Rehearing Denied October 27, 2009.

Attorney(s) appearing for the Case

Michael B. Buckley, Fredric S. Zinober and Eric W. Neilsen of Buckley & Fudge, P.A., St. Petersburg, for appellants.

Gerald F. Richman and Michael J. Napoleone of Richman Greer, P.A., West Palm Beach, for appellees.

MAY, J.

The developers appeal an adverse judgment following a jury verdict in a contractor's claim for lost profits. Multiple issues are raised. We write to address the damages issues. We affirm in part and reverse in part.

In December 1984, American Somax Ventures [ASV] and River Bridge Realty Corporation [RBC] entered into a Selected Builder's Agreement [SBA] for development of Phase I of a residential development, consisting of approximately five hundred...

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