Development in Miami

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3:23

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The Peter Zalewski Show

Condo Cliff & Redevelopment Potential

Peter discusses the 'Condo Cliff' and the need for structural integrity reserve studies. Anne-Christine advises owners of deteriorating buildings to consider entitlement and redevelopment potential rather than just selling off units.

Condo Cliff & Redevelopment Potential

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The question

Peter asks about the permitting process for condo buildings needing restoration due to the 'Condo Cliff' and how owners should approach the situation.

The answer

Anne-Christine advises owners to consider entitlement and redevelopment potential. She suggests that fixing up a building for sale might not be the best strategy if redevelopment is a viable option, as the land value could be much higher.

Topics covered

Condo Cliff, Structural Integrity, Redevelopment, Entitlement, Land Value

Featuring Anne-Christine Carrie, MURP, AICP, in conversation with host Peter Zalewski on The Peter Zalewski Show.

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