Menu

The Aftermath of the Surfside Condo Collapse: Condominium Development, Financing, and Insurance

Real Estate   |   Development   |   Construction   |   June 3, 2022
Download Download   
Share Share Page

The collapse of the Champlain Towers South in Surfside, Florida, last June sent shock waves through the state and around the country, as condominium construction and maintenance came under a microscope and officials and industry experts intensely reviewed all aspects of Florida condominium development, financing, and insurance.

For the spring meeting of Carlton Fields' Community & Development series, we consider the immediate and long-term impacts of the tower collapse on condominium projects in Florida and beyond, including: 

  • Balancing regulatory burdens with sufficient safe harbor for healthy condominium development and upkeep
  • Effects on condominium loan underwriting and funding, as well as property insurance coverage
  • Possible regulatory or legislative changes on the horizon

We were joined by Bethann Barrett, senior vice president and commercial banker at Bank OZK; Andrea Northrop, vice president and partner at Insurance Office of America; Bill Sklar, shareholder at Carlton Fields and chair of The Florida Bar Condominium Law & Policy Life Safety Advisory Task Force; and Rick Slider, president at Slider Engineering Group.


©2023 Carlton Fields, P.A. Carlton Fields practices law in California through Carlton Fields, LLP. Carlton Fields publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information and educational purposes only, and should not be relied on as if it were advice about a particular fact situation. The distribution of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship with Carlton Fields. This publication may not be quoted or referred to in any other publication or proceeding without the prior written consent of the firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our Contact Us form via the link below. The views set forth herein are the personal views of the author and do not necessarily reflect those of the firm. This site may contain hypertext links to information created and maintained by other entities. Carlton Fields does not control or guarantee the accuracy or completeness of this outside information, nor is the inclusion of a link to be intended as an endorsement of those outside sites.

Subscribe to Publications

Disclaimer

The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.