The Successor Developer Conundrum In Distressed Condominium Projects

Joe Hernandez moderates The Florida Condo at a Critical Juncture panel at Bilzin Sumberg’s Development Conference. Panelists survey the critical issues affecting owners, investors, and developers as they pursue new condo developments and redevelopment projects across the state.

Years of changes in the Florida Condominium Act, reacting to market and other factors, have posed challenges that may threaten a portion of Florida’s housing supply. But even as Florida grapples with the fallout of legislative changes to its condo law, it offers critical lessons in building a ...

The Florida condo market is recalibrating, as changes to the Condo Act tank the market for 30-plus year old condos, creating uncertainty for the thousands of families who own them. But developers looking to buy them are facing their own uncertainty.