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Announcement

How much will Champlain South site will go for?

By
Cashflow In Miami
on
August 4, 2021

8777 Collins Avenue, Surfside, FL

About a few weeks ago i had a breakfast with one amazing local developer and i had asked him if he thought it was a good idea to sell the site for the development . He immediately shrugged off the plan and said-its impossible -city would buy it out and make a memorial. Please read below how it turned out.

This sale would benefit the victims that would receive the proceeds from this horrific tragedy.

Miami-Dade Circuit Judge Michael Hanzman approved the property's sale on Wednesday, the Associated Press reported. Court records show that the property could be worth $100 million to $110 million.

Attorney Michael Goldberg, who was chosen to handle financial decision-making related to the building, said a buyer will not be prevented from turning at least a part of the property into a memorial for the victims.

At a hearing, Hanzman ordered that the process begin to sell the site of Champlain Towers South. Goldberg, the court-appointed receiver, said the judge wants the sale to move quickly.

Expected sale price will be between $100-110 million and , i guess , will really depend on the highest and best at this point.

I spoke to the listing agent Michael Fay with Avison Young, whos working pro bono on this sale and if you or someone you know is intrested in acquiring this oceanfront piece, would be happy to connect and work out all the details.

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