Redevelopment opportunities are growing across South Florida for developers and investors as a result of the June 24 condominium collapse in Surfside.
As South Florida counties require more frequent inspections and earlier recertification for condominiums, and as some insurance companies increase rates for older condos after the collapse, developers, investors and residents are looking for other alternatives.
This could be the most dominant trend for months to come, according to Dan Dratch, director of Multifamily Investments at Franklin Street, a commercial real estate agency in Miami.
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
