Vacant High Rise Condo Units
A couple of articles about vacant or near vacant high rise condo towers in Florida … From the News-Press: Sole occupant of 32-story Fort Myers condo wants out (ht several) Victor Vangelakos is the only buyer to take possession of his unit in the 32-story Tower 1 of the Oasis high-rise project in downtown Fort Myers. Apparently the original plan was to build 5 towers with a total of 1,079 units. That is about 216 units per tower, and all but one unit are vacant in Tower 1. Tower 2 appears to have few lights on too. And from the WSJ on the 850-unit Everglades project in Miami: BofA Lawyers Rebuked in Cabi Case Only 109 or about 13% of the Everglades' 850 units have sold, according to CondoVultures.com. However, as of last month, the developer has rented about 260, or about 30%, of the units…(read more)
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