The Birmingham law firm Hare Wynn Newell & Newton has won for an Orange Beach condo developer a $37.2 million windfall from BP, after the oil driller's spill this year blunted Gulf Coast economic development.
Hare Wynn negotiated the settlement with BP on behalf of condo developer Brett/Robinson, which is building a 1.9 million square foot luxury condominium on the ocean in Orange Beach. It is one of the largest condominium projects in the state, Hare Wynn said.
"This unique project is the only high-rise condominium project under construction, to my knowledge, on the Gulf between Texas and Florida," Gov. Bob Riley said in a statement on the settlement. "Right after the oil spill, BP began exploring ways to assist the project because of its importance to the entire state and I am pleased with the outcome."
