Champlain tower south condo cost8/4/2023 ![]() ![]() With the Champlain Towers South property selling for $120 million, it could lead to more interest in p utting properties on the market because it can be more lucrative to sell a large site for redevelopment than it is to sell the apartments individually. Michael Fay, chair of the capital markets executive committee for Avison Young, was appointed by the court overseeing the collapse litigation to lead the sale with his colleagues.įay says condo associations in South Florida are already showing interest in selling the land beneath their buildings instead of owners reselling their individual units. This property will be officially sold to DAMAC Properties, a Dubai-based developer. Lawmakers couldn’t agree on a proposal, though, in the most recent session, and the investigation into the collapse is likely to continue for years. He also wants Florida’s lawmakers to pass a bill requiring additional inspections of older buildings to prevent another collapse. ![]() They should stay until the whole investigation is finished." "Nobody should be standing here, looking at that bloody site," said Pablo Langesfeld, whose daughter, Nicole, died with her husband in the collapse. "But I can promise you that your loved ones will never be forgotten."Įven if the banner is an important gesture, some families say the site shouldn’t be redeveloped while the investigation is ongoing. "I would like to say this: The property has gone up for auction and in the coming years, new life will inevitably sprout forth on this site behind us," he said. When it was unveiled earlier this month, Surfside Mayor Shlomo Danzinger acknowledged the tension between remembering and moving on in a message to victims' families. Now, a long black banner hangs along a fence in front with the names of the 98 victims. When you face Collins Avenue at 88th Street, a huge gap stands out between two buildings, where the Champlain Towers South collapsed last June. ![]()
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