Ian Bruce Eichner’s Continuum Company is facing a lawsuit from CW Investment Advisers, a lender that claims it is owed over $500,000 in fees related to a planned condominium buyout in North Miami.
The suit was filed by Boston-based CW Investment Advisers against Continuum, which operates out of New York and Miami. The dispute centers on the financing for the $61 million acquisition of the Mariners Bay condo building at 12000 North Bayshore Drive. According to court records in New York County Court, Continuum intended to redevelop the four-story, 46-unit structure into a 20-story building with 267 units.
CW alleges that after being selected by Continuum as the mortgage broker for the project last year, negotiations broke down just before closing this summer. The complaint states: “After abandoning the transaction at the last minute, Continuum refused to honor its obligation to pay CW’s loan expenses or the break-up fee.”
The term sheet between both parties set out terms based on a purchase price exceeding $61 million and included provisions for a loan amount not exceeding $51 million or certain loan-to-cost ratios tied to predevelopment budgets and property appraisals. CW contends these obligations were binding and covered costs such as flood risk assessments, insurance consulting, and dealing with city-imposed requirements and zoning appeals.
CW claims its total expenses exceeded $820,000 but says it received only $325,000 in deposits from Continuum, leaving nearly $500,000 unpaid. The firm is seeking damages of no less than $510,000.
Eichner, who serves as chairman and CEO of Continuum, disputed the allegations but declined further comment on pending litigation. He stated that his firm will “vigorously defend ourselves against these spurious charges.”
Records show an affiliate of Continuum entered into an agreement to acquire Mariners Bay units but has not finalized the purchase. Industry observers note that condo buyouts are often subject to delays due to their complexity.
Continuum manages a portfolio valued at approximately $3 billion across South Florida—totaling around 1,000 units—with projects underway in North Bay Village and Bay Harbor Islands. In August 2025, the company secured a $67 million construction loan from S3 Capital Partners for La Baia North in Bay Harbor Islands.
Additionally this summer,Continuum obtained unanimous approval from the North Bay Village Commission for development plans covering two condo towers—a hotel with 200 rooms—and a marina within its Waterfront District project.
