A luxury Lawrenceville apartment building is now at the center of a multimillion-dollar legal dispute between its Illinois-based owner and the prominent local builder that served as its general contractor.
Albion Residential, a large real estate developer headquartered outside of Chicago, claims Homestead-based Franjo Construction completed its 267-unit Albion Lawrenceville project late and over budget, while neglecting to pay numerous subcontractors who worked on the project at 5275 Butler St.
Franjo, for its part, filed a claim in July against Albion initially seeking about $6 million for unpaid labor and materials, before that figure was dropped to around $1.75 million in August after Albion paid part, but not all, of the funds sought by Franjo…