12-16-2024, 03:16 PM
From Miami Herald:
Dozens of luxury condos, hotels in Miami sinking at ‘unexpected’ rates, new study reveals
The study, published Friday night, identified a total of 35 buildings that have sunk by as much as three inches between 2016 and 2023, including the iconic Surf Club Towers and Faena Hotel, the Porsche Design Tower, The Ritz-Carlton Residences, Trump Tower III and Trump International Beach Resorts. Together, the high rises accommodate tens of thousands of residents and tourists. Some have more than 300 units, including penthouses that cost millions of dollars.
Dozens of luxury condos, hotels in Miami sinking at ‘unexpected’ rates, new study reveals
The study, published Friday night, identified a total of 35 buildings that have sunk by as much as three inches between 2016 and 2023, including the iconic Surf Club Towers and Faena Hotel, the Porsche Design Tower, The Ritz-Carlton Residences, Trump Tower III and Trump International Beach Resorts. Together, the high rises accommodate tens of thousands of residents and tourists. Some have more than 300 units, including penthouses that cost millions of dollars.