Following the Surfside collapse, Florida is experiencing a resurgence in condominium development.
Florida’s condominium market is on the brink of significant transformation. This is primarily due to the impending termination of Florida’s initial generation of condominiums, which are now 50 to 60 years old. The older buildings, particularly those in close proximity to the beach, are being replaced by opulent luxury condominiums. The owners of units in these decades-old structures are now realizing that the regulations implemented following the tragic collapse of a condominium tower in Surfside, Florida have rendered their properties attractive to developers.
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