Condo owners grappling with repair bills from changes to state law may want to sell, but developers are only willing to pay so much for a development site.
Damac Properties launches luxury condo development, The Delmore, on the site of the Surfside collapse.
Florida legislators tell condo owners not to expect financial aid as they face rising costs.
Investigators have found the likely cause of the collapse, but are still a ways away from a final report.
The process to sell the site of the collapsed Champlain Towers South in Surfside has started.
The sale of the site on Collins Avenue closed Wednesday. Ninety-eight people died when the towers that stood on the site collapsed.
The city issued an evacuation notice at the Port Royale condo after an evaluation from a structural engineer.
Rising costs on everything from debt to construction has slowed the pace of condo building sales, but a new law could spur more acquisitions.
Damac International was asked to move garbage pickup and staging for the condo's construction away from a planned memorial for collapse victims.
A resolution failed that would have compelled Surfside's mayor to hand over records about a trip to Dubai where he met with the head of Damac International.
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