Florida’s Condominium Crisis: for those who never saw it coming

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Written By Robert LiMandri

Regulating Building Development Today

March 2025

Sunny days for condominium residents have turned into a catastrophic storm that looms large over their buildings.  The collapse of Champlain Towers has shined a light on the potential devastation to come and as a result, the Florida legislature has instituted reform that has made vulnerable buildings and its residents accountable.  In 2025 foreclosures and evictions and thousands of families may be the catalyst for the next migration phenomenon.  

Surfside Collapse, Florida, captured by Reuters

 
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Florida’s Condominium Crisis: for those who never saw it coming
Florida’s Condominium Crisis: for those who never saw it coming

The collapse of Champlain Towers has motivated the Florida legislature to institute stringent inspection reforms hat has made some buildings and its residents vulnerable to significant unplanned capital expenses.  In 2025 foreclosures and evictions and thousands of families may be the catalyst for the next migration phenomenon.  

Can Private Equity Fix your Building Department?
Can Private Equity Fix your Building Department?

We have seen building departments across the U.S. consistently evolve over the last twenty years and most moved online during the pandemic.  Currently, an infusion of ideas and capital hope to harness the momentum and go big.  If there were ever a moment where funding, need and capabilities have aligned, it’s now. 

Delays can kill a development.
Delays can kill a development.

Plan review and inspection demand continues to slow down development due to lack of resources. Read of the eight states that have taken a bold step to meet demand and shorten the time for developers.

Robert LiMandri
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Can Private Equity Fix your Building Department?