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Does Ritz Carlton Sunny Isles Beach have a right to protect its view?

Ritz Carlton Sunny Isles

Does  Ritz Carlton Sunny Isles Beach have a right to protect its view?

The nine story condominium building Tropicana at 15645 Collins Ave has a privileged location: it is the last building before Haulover Park between Sunny Isles Beach and Bal Harbor. This small building which used to be known for its spicy views to the nude beach is now part of the real estate gossip for filing a $120 million lawsuit against Fortune International and Chateau Group, alleging that they fraudulently blocked the sale of their building for redevelopment.

Tropicana association is trying to terminate the condominium status so that the building can be sold for redevelopment making a nice chunk of money to the unit owners and the dream of some developer to build a luxury tall tower come true…at the expense of others next door? The 52-story Ritz-Carlton, Sunny Isles Beach would have much of their views blocked if the nine story Tropicana would turn into a tall new building following Sunny Isles Beach trend of fabulous residences where the fortunate wealthiest can literally touch the sky.

The question to be answered is: Does  Ritz Carlton Sunny Isles Beach have a right to protect its view? or is this an inevitable part of progress and growth in one of the fanciest areas in Miami? It will be interesting to see how this battle turns out. In the meantime, pre-sales of the Ritz Carlton Sunny Isles Beach may see a speed bump…

This is a great example to illustrate the importance of working with a real estate professional that knows the area and is up to speed with what is going on. If you are a foreign or out of state buyer you may wonder if you do need a broker to buy new construction. The truth is you don’t, but you should…why not have the advise and support of a knowledgable professional especially when it won’t cost you a dime? We have been in the business for 20 years and our expertise is yours at no cost to you, can it get any better? Contact us and buy with knowledge of the facts.

 

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