Photo: Andriy Blokhin/Shutterstock. Safety Concerns, Evacuations Threaten the Future of Some of South Florida's Iconic Oceanfront Condo Buildings
"Unfortunately, you have way too many older buildings in Dade, Broward and Palm Beach County that have been self-managed for way too long, and, in essence, kicking the can down the road," said Greg Main-Baillie, who leads Colliers' new condo restoration division.
November 03, 2022 at 03:38 PM
6 minute read
Real Estate News
The evacuation of the 164-unit Port Royal Condominium in Miami Beach due to unsafe structural concerns is just the latest incident in what real estate professionals believe will be an ongoing issue as older buildings undergo safety inspections and the demand for new condos rises.
This growing issue is exactly why commercial brokerage firm Colliers has expanded its services into the residential condo market in Florida as highly desired condo living is turning into a big concern for buyers and investors. Colliers offers advisory services to condo associations or property managers to help manage designers, contractors, inspections and the construction budget.
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