They offered $ 120 million for the land of the collapsed building in Miami

An anonymous private bidder has offered up to $ 120 million to purchase the 7,600 square foot land at Surfside, Miami-Dade, where the building that collapsed on June 24 was located, killing 98 people.

The offer was known this Wednesday during a hearing on Several lawsuits brought in court against the condominium association, Champlain Towers South of 12 floors, which had been having structural problems since at least 2018, according to an engineering firm.

The future of the land located by the sea is a major issue for the judge responsible for overseeing dozens of trials, Michael Hanzman, who from the start has spoken in favor of a rapid sale of the site to compensate the victims of this tragedy.

Hanzman urged the real estate agent appointed to handle potential transactions to begin negotiate the sale of the property with this buyer, although the name of the company willing to pay between 110 and 120 million dollars for the land.

However, the town of Surfside, a town north of Miami Beach, needs confirmation from the zoning department to proceed with the sale operation, according to Michael Fay, the commercial agent appointed by the court for the negotiations, according to the website of the real estate company The real deal.

We will need zoning confirmation for any buyer. That’s a key part of this sale, ”said Fay, who heads real estate services firm Avison Young. Hanzman allowed Fay to move out “As quickly as possible” to achieve a “short auction”.

“I want to compensate the victims as soon as possible”, recalled the magistrate.

Michael Goldberg, the receiver appointed to oversee the financial affairs of the construction association in the litigation, sent a July 30 letter to city requesting zoning information.

The city attorney told the court, according to the aforementioned media, that The app tackles complex issues such as city agreements and grandfathering.

During the meeting with the judge, Fay did not disclose the name of the company interested in acquiring the land for the aforementioned amount.

The bidder would not automatically obtain possession of the property, but could be the starting point for an auction in which other companies bid for the property, declared, for its part, the newspaper Miami Herald.

Some of the families and homeowners affected were convinced that the the state could acquire the land to turn it into a park or memorial for the victims, rather than a new residential or commercial development project, but it is something that seems “very unlikely”said a lawyer who liaises between the court and municipal authorities, added the Miami Herald.

The building was in the middle of a process of recertification, a study of structures and electricity required by law as this is a 40 year old building, when a room collapsed in the middle of the night and at times when its occupants were asleep.

The rest of the structure was demolished on July 4 using explosive charges to facilitate the discovery of the bodies of the victims. and prevent him from falling on the rescuers.

Three years ago, a report by an engineering company warned of serious structural problems in the building that needed urgent attention.

(With information from EFE)

KEEP READING: