Skyline of Miami, Florida, USA at Brickell Key and Miami River. Credit: SeanPavonePhoto/Adobe Stock. Developers Are Swooping in as More Waterfront Condo Owners Consider Termination
"A lot of these assets are ending their useful life. 50-60-year-old buildings are old, especially when they're located near the ocean, and the weather really takes a toll on them," said Taylor Collins of South Florida-based Two Roads Development.
July 08, 2022 at 02:35 PM
3 minute read
Commercial Real Estate
Developers have always looked for opportunities to buy beachfront assets that can be repurposed, but after the tragic collapse of Champlain Towers South in Surfside, coupled with rising insurance costs and new condo laws, it's making more and more sense for some condo owners to consider condo termination.
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