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Park Towers I is a condominium development, 24 stories high and completed in 1991. The building operated as a luxury apartment building until the developer began to sell the individual units as condominiums in 1999. In 2006, the homeowners association for Park Towers I took control from the developer. The building remains the second-tallest in ...
The Community Associations Institute (CAI) is an organization that represents homeowners, condominiums, and other community associations around the world. Based in Falls Church , Virginia in the United States , the CAI has more than 60 chapters of condominium and homeowner associations [ 1 ] [ 2 ] [ 3 ] with over 45,000 members worldwide. [ 4 ]
Several high-rise condominiums are located along the Las Vegas Strip. Since the 1990s, various condominium projects have been proposed for the Las Vegas Valley. Park Towers and Turnberry Place, two high-rise condominium properties located near the Las Vegas Strip, were completed in 2001; they subsequently inspired a condominium boom that started in 2003, when various developers began ...
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Condo associations must also shore up repair funding reserves. This law was introduced after the Surfside tragedy in 2021, in which 98 lives were lost when a 12-story condo collapsed.
The guidelines made reserve studies mandatory for all newly converted, non-gut rehabilitation condominium developments to be eligible Fannie Mae project approval. [18] All other types of condominiums have the option to submit a compliant reserve study or must add a budget line item for reserves equal to 10% of the yearly assessment income.
The Florida Legislature passed condo reform legislation in a May 2022 special session as Senate Bill 4-D, addressing issues highlighted in the aftermath of the Surfside collapse. [206] It was modeled on the 40 year recertification [207] scheme. [208] The bill creates a state-wide inspection program for condo buildings taller than three stories.
Regent Square is a neighborhood in the East End of Pittsburgh, Pennsylvania, United States.According to its civic association, it "includes portions of the municipalities of Pittsburgh, Edgewood, Swissvale and Wilkinsburg". [2]