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BlueWaveNeverEnd

(14,515 posts)
Sun Apr 19, 2026, 03:01 PM 10 hrs ago

Zero sales of the luxury condos built on the site of the surfside collapse where 98 died


https://therealdeal.com/miami/2026/04/15/developer-of-condo-on-surfside-collapse-site-plans-relaunch/

At Surfside collapse site, big-name planned project hasn’t sold a single condo

Dubai developer Damac launched sales in early 2025 with prices starting at $15M

https://www.dailymail.co.uk/real-estate/article-15743193/miami-condo-collapse-luxury-apartment-block.html



The Delmore, a 12-story ultra-luxury condominium planned for the former site of Champlain Towers South in Surfside, where 98 people died in a building collapse, is being marketed as the pinnacle of modern coastal living. 

With 37 sprawling residences, private elevators, a sky pool suspended more than 100ft in the air, and interiors designed by the famed Zaha Hadid Architects, the development appears tailor-made for the global elite.

Prices start at $15 million, with typical units ranging between $35 million and $40 million and penthouses expected to exceed $150 million.

Yet, more than a year after its initial soft launch, developers have failed to secure a single signed contract.

The project's developer, Damac Properties, insisted interest is there, but admits multiple deals have fallen through.

Executives have also pointed to broader issues, including skepticism toward the company's lack of track record in the US market and a misjudged launch timeline that failed to align with buyer demand.

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Zero sales of the luxury condos built on the site of the surfside collapse where 98 died (Original Post) BlueWaveNeverEnd 10 hrs ago OP
That's a shame. RockRaven 10 hrs ago #1
when nobody buys, the price is too high nt msongs 6 hrs ago #2
Timing buyer demand is important in real estate. Buyer demand for that property peaked the day before 3Hotdogs 2 hrs ago #3

3Hotdogs

(15,438 posts)
3. Timing buyer demand is important in real estate. Buyer demand for that property peaked the day before
Sun Apr 19, 2026, 11:43 PM
2 hrs ago

Champlain Towers collapsed.

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