AC47415 - SMDV 1, LLC v. 459-461 Pacific Street, LLC (“This appeal arises from an action brought by the
plaintiff, SMDV 1, LLC, against the defendants, 459-461 Pacific Street, LLC
(Pacific Street), and Frank Steinegger, related to Pacific Street’s notice of
termination of a contract for the sale and purchase of real property known as
459-461 Pacific Street in Stamford (property). The dispositive issue in this
appeal is whether the trial court correctly determined that the contract was
rendered unenforceable by the termination of a separate ground lease and
purchase agreement between two different entities. After our review of the
language of the contract, we conclude that the trial court’s determination
cannot stand. Accordingly, we reverse the judgment of the trial court rendered
in favor of the defendants following a court trial and remand this case for
further proceedings.”)