Wait... it’s not a condo in the sense each unit is owned separately. It’s an apartment building, am I wrong?
I think it is a condo in the sense each unit is owned separately.
And I’m sure this event is being driven by the Miami area condo failure that happened a few years ago with significant loss of life.
Listening to the video at the link, one owner for all the units; the residents were renters.
One way to clear a property for re-development.
Might be a condo converion, where someone takes an apartment building and turns it into condos, giving renters an opportunity to by a unit or move out.
Or they just reported it wrong and it’s just an apartment building.
It s an apartment building
Property records show Bayview 60 Homes LLC, a Coral Gables-based entity, owns the five-story, 60-unit apartment building. It obtained ownership of the 1-acre property in June 2018 via a quit claim deed from a Panamanian corporation. The building is in the Eastern Shores neighborhood of North Miami Beach.
This article has a lot of good info you will not see in the mainstream media.