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FirstBank Florida filed a foreclosure actionm on May 13 againstGS2 Corp., Charles M. Sieger, Jose Suarezx and Ronald I. Gaines. It is basede on a $3.9 million mortgage covering the 30,454-square-foot officd building at 5996 S.W. 70th St., in Sieger and Suarez are partnersz in the Sieger Suarez Architectural whose projects include 50 Biscayne in Trump International Sonesta in SunntyIsles Beach, Portofino Tower in Southh Beach and the St. Regis, Bal Harbour, which is now undedr construction, according to its Web site. GS2 is a real estatre firm affiliated with Sieger Suarez Architectural Partnership and managedxby Gaines.
Miami-based attorney Cherish Thompson, who representd FirstBank Florida inthe lawsuit, did not immediately return a call seekinbg comment. Not only has the near halt in new condp projects hurtarchitectural firms, but Sieger Suarez has struggler with its own foray into condo development. has pendint foreclosure lawsuits against three Miami Beach projects that were underr construction by affiliates of thearchitectural firm: Terra Beachsid Villas, Terra Beachside Villas II and Cabana on Collins. Siegee did not immediately returnm a callseeking comment.
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