After the 2021 collapse of Champlain Towers South that tragically resulted in the loss of 98 lives, the site is being transformed by Damac Properties. This Dubai-based developer purchased the land at a court-ordered auction for $120 million and plans to construct the Delmore, a luxurious 12-story condo building. Scheduled for completion in 2029, the units will start at $15 million. This project highlights both a recovery for the Surfside community and a significant financial investment by Damac in the US real estate market.
Damac Properties, which purchased the parcel as the sole bidder at a court-ordered auction for $120 million less than a year after the collapse, announced the news in a press release sent Tuesday.
The completion for the Delmore, located at 8777 Collins Ave., is anticipated in 2029 - and prices for the four- to five-bedroom, and fully furnished, units will begin at $15 million.
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