Biscayne 21 Condominium in Edgewater. (Credit: Image from court documents)
The owners of eight condo units in Miami sued two companies, whose investors are identified as largely international speculators, under a Sunshine State statute, in a lawsuit “unlike any condominium termination case yet litigated in the Florida courts,” according to their Am Law 200 firm attorney.
And Glen H. Waldman, an Armstrong Teasdale partner in Coral Gables who represents the 10 plaintiffs who own eight units at Biscayne 21 Condominium Inc., a defendant, said, “South Florida is ground zero for these disputes because developers have run out of developable land that is not occupied.”
Glen H. Waldman of Armstrong Teasdale. (Courtesy photo)
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