Starr Capital Partners LLC received a limited preliminary injunction against homebuilder Toll Brothers Inc. in a lawsuit Starr said could carry with it potential damages exceeding $100 million.
Starr Capital sold its Cushing Village project to the defendant in 2016 for a retail option to purchase the project's retail space at cost, according to a news release.
Starr Capital now alleges that Toll Brothers attempted to push Starr Capital out of the retail option by overstating environmental cleanup costs at the mixed-use development in Belmont, Mass., which is now referred to as the Bradford.
The injunction restricts the homebuilder from selling or assigning the retail rights to another entity and further indicates that Starr Capital could undo any retail space sale or lease by Toll Brothers if it prevails in the case.
Toll Brothers did not respond to a request for comment by press time.
