Swerdlow Plans $200M Condo and Swim Center

DAYTONA BEACH, FL-Miami-based Swerdlow Group, rebuffed in bids to build a $200-million condominium complex and international aquatic center in Pompano Beach, FL and Hollywood, FL, is asking city officials to condemn 10 prime oceanfront acres here and sell the land to the developer for a similar project here, area industrial brokers following the growing controversy, tell GlobeSt.com.

City officials confirm to GlobeSt.com Swerdlow Group has told them it would be difficult to do the project without the assistance of the eminent domain law. The law allows local, state or federal governments to condemn private property for public use, such as the construction of roads, bridges and comparable infrastructure. The controversy over governments using eminent domain to benefit private development has surfaced in several major national markets over the past three years.

Brokers and construction industry consultants familiar with the Daytona Beach scenario tell GlobeSt.com Swerdlow Group will have to negotiate with about 16 local landowners to buy their properties separately if the city declines to use eminent domain to help the developer.