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At the Palm Bay Yacht Club, condo owners were told they would need to pay for a $33 million construction project, prompting a group of residents to sue the condo board, the building management ...
Some condominium buildings in the United States have been listed on the U.S. National Register of Historic Places. In some cities in the United States, such as Lakewood, Ohio, city governments have attempted to invoke eminent domain upon residents to take over their property and enable private developers to build condominiums. [2]
In 2014, Doronin and a partner paid $48 million [3] to purchase a 44-year-old condo that overlooks Biscayne Bay in Miami at 175 S.E. 25th Street. [4] The building, built in 1971, sits on close to an acre of Bayfront property with 150 feet of waterfront. The OKO Group plans to build a 47-story luxury condo building on the site. [5]
The amount of public housing crested in the 1990s, with about 1.4 million units. Today, the number of units has been reduced to 1.0 million. [28] The fraction of US households receiving public or subsidized housing is far lower than the fraction in Western Europe. [29]
The WSJ reported condo inventory for sale in South Florida has more than doubled since the first quarter of 2023, to more than 18,000 units today, due to either rising insurance costs or repair ...
David Copperfield has let his 15,000 square-foot penthouse get so dilapidated, it actually may threaten the structural integrity of the entire building, according to the property’s condo board.
In condominium townhouses, the purchaser owns only the interior, while the building itself is owned by a condominium corporation. [55] The corporation is jointly owned by all the owners and charges them fees for general maintenance and major repairs. Freehold townhouses are exclusively owned, without any condominium aspects.
A $21 million special assessment fee has outraged residents of two 16-year-old buildings at 1060 Brickell in Miami, Florida, with some unit owners facing individual bills exceeding $40,000.
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