A decrease in developable land poses a problem for the South Florida real estate market. Still, with legislative developments that address condo safety, developers and investors are finding opportunities to overcome that obstacle.
According to panelists at the 4th Annual Bilzin Sumberg Development Conference at The Four Seasons Hotel Miami in Brickell, there’s a huge opportunity in pursuing condo redevelopment. To start, you have to go through the condo termination process, which is one of the largest hurdles developers face right now.
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