5 Years After Tragic Surfside Condo Collapse Killed 98, Not One Condo Has Sold in the Building Replacing It

In 2021, the collapse of the Champlain Towers South condo in Surfside, Fla., killed 98 people. Today, the luxury real estate company that is redeveloping the site has yet to sell a single unit inside its planned project, according to The Real Deal. Damac Properties, a Dubai-based developer, paid $120 million for the 1.8-acre property in 2022 — about one year after the former structure tragically collapsed. The company completed the purchase as the sole bidder in a court-ordered auction of the property, with proceeds going towards the former unit owners, including families of the victims. However, the sale and...