The Aging Condo Conundrum: Opportunities for Redevelopment

A lack of developable land in Florida, coupled with a rise in demand for commercial and residential real estate, is leading savvy investors to redevelop aging condominiums.

In 2022, the Florida legislature passed a series of laws impacting the nearly 1.5 million condominium units throughout the state – along with the 28,000 associations overseeing the properties. These strict policy changes may open the door to a significant rise in condo redevelopment.

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.