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


The judge in charge of the lawsuits surrounding the Surfside condo seeks a quick sale to compensate the victims of the disaster financially. Some of the victims were waiting for the state to buy it to build a memorial.

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

According to an engineering firm, the offer was made public Wednesday at a hearing on multiple lawsuits filed in court against the condo association, 12-story Champlain Towers South, which had structural problems since at least 2018.

The future of the land located on the beachfront is a capital issue for the judge in charge of supervising dozens of lawsuits, Michael Hanzman, who from the beginning has been in favor of a quick sale of the site to compensate the victims of this tragedy.

Hanzman urged the real estate agent appointed to handle potential agreements to begin negotiating the sale of the property with this buyer. However, the name of the company willing to pay between 110 and 120 million dollars for the land did not come out. 

However, the city of Surfside, north of Miami Beach, needs approval from the zoning department to proceed with the sailing operation., according to Michael Fay, the commercial agent appointed by the court for the negotiations, according to the website of the real estate business The Real Deal.

We will need confirmation of the zoning for any buyer. It's a vital component of this sale," said Fay, who runs real estate services firm Avison Young. Hanzman authorized Fay to move "as quickly as possible" to arrive at a "short auction."

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

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

According to the outlet above, the city attorney said in court that the request addresses complex city agreements and acquired rights issues.

In the meeting with the judge, Fay did not reveal the company's name interested in acquiring the land for the amount above.

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