Question
Developer buys a large plot of land in the center of New City and announces plans to build a new retail and office complex. Developer
Developer buys a large plot of land in the center of New City and announces plans to build a new retail and office complex.
Developer begins pre-leasing for many of the retail spaces and for two floors of the planned office space. Spaces are leased with Vintage Threads clothing store, MoviePlex, a multi-screen movie theater, and Escape Spa, a massage studio.
The office space is leased to First National Bank and Second City Services.No restaurants will be permitted in the complex however due to a local land use ordinance.
The owners of La Petite Caf, sensing an opportunity to serve throngs of office workers and people looking for a bite after seeing a movie, purchase a small building across the street from the new complex.Understandably, the prices for nearby buildings have increased quite a bit since Developer made its announcement, and La Petite paid $300,000 for the building that had previously been on offer for $200,000.
Shortly after breaking ground on the new complex, Developer announces that is it scaling back the project and will terminate the leases with MoviePlex and Second City Services.
Which of the following best describes the party or parties that are likely to have a cause of action against Developer?
Group of answer choices
MoviePlex
MoviePlex and Second City Services
MoviePlex, Second City Services, and La Petite Caf
None of the above
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