A Dubai billionaire developer will pay $120 million to acquire the site of the South Florida condominium that collapsed last June, after no one else submitted a bid before the deadline for bidding on Friday night. next week's auction.
98 people died in the disaster.
Noticen Young's Michael Fay said hundreds of potential buyers had shown interest in the property, but ultimately none were prepared to match DAMAC Properties' Hussain Sajwani's strong initial bid.
They insist on the construction of a monument on the ruins of the collapsed building in Miami
Oct. 26, 202101:42
Avison Young is the real estate firm that was named to sell the land as part of a class action lawsuit.
The auction for the 1.8-acre (0.72-hectare) lot in Surfside was scheduled for Tuesday.
This month, families of victims reached a $997 million settlement with local officials, developers of an adjacent building and others they hold responsible for the collapse of the 12-story, 40-year-old beachside building. in the early hours of June 24.
[Surfside Collapse Exposes a Threat Authorities Ignore: Salt Water Rising from the Ground]
Most of the Champlain Towers South complex collapsed suddenly at about 1:20 a.m. while most of its occupants were asleep.
Only three people survived the crash.
After analyzing evidence of the collapse of Miami, experts say that the "columns were very small"
Aug. 27, 202101:45
No other survivors were found despite rescuers digging relentlessly through a 40-foot-high pile of rubble for two weeks.
Another three dozen people were in the portion of the building that did not fall.
In the condominium there were residents and visitors of different origins: Orthodox Jews, Latin Americans, Israelis, Europeans and Northeastern Americans who came to enjoy the sunny weather.
The National Institute of Standards and Technology is investigating the causes of the crash, a process that is expected to take several years.
With information from The Associated Press and
The Miami Herald
