A billionaire developer from Dubai is set to purchase the site of a South Florida condominium that collapsed last June, killing 98 people, for $120 million after no other bids were submitted by the Friday evening deadline for next week’s auction.
Pablo Langesfeld looks at the name of his daughter Nicole Langesfeld, Thursday, May 12, 2022, in Surfside, Fla. A large banner with the names of the 98 killed in the collapse of the Champlain Towers South building nearly a year ago, was installed around the site. South Florida condominium that collapsed last June, killing 98 people,
Michael Fay, of Avison Young, said hundreds of potential buyers had shown interest in the property, but none were ultimately prepared to match the strong initial bid of Hussain Sajwani, of DAMAC Properties. Avison Young is the commercial real estate firm that was appointed to market the land as part of a class-action lawsuit.