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1oftenPablo Langesfeld looks at the name of his daughter Nicole Langesfeld, Thursday, May 12, 2022, in Surfside, Fla. A large banner with the names of the 98 killed in the collapse of the Champlain Towers South building nearly a year ago has been posted around the construction site.Marta Lavandier/APShow moreShow less2oftenRonit Naibryf, right, shows Miami-Dade County Mayor Daniella Levina Cava the name of her son Ilan Naibryf, Thursday, May 12, 2022, in Surfside, Florida. A large banner with the names of the 98 people killed in the Champlain Towers South condominium collapse nearly a year ago has been erected around the site.Marta Lavandier/APShow moreShow less3oftenThe names of some of the 98 killed are inscribed on a large banner that surrounds the site where the Champlain Towers South condominium building once stood, Thursday, May 12, 2022, in Surfside, Florida.Marta Lavandier/APShow moreShow less4oftenWorkers pump water from the foundation of the former Champlain Towers South building, Thursday, May 12, 2022, in Surfside, Fla. The Eighty Seven Park building is to the south. The parties associated with the building and others have agreed to a $997 million settlement to compensate the victims and families of those killed in the collapse of the Champlain Towers South building nearly 100 years ago. a year.Marta Lavandier/APShow moreShow less5often6oftenA shoe is seen amid debris at the edge of what remains of the Champlain Towers South condominium building Thursday, May 12, 2022, in Surfside, Florida. A large banner was erected around the site with the names of the 98 killed when the building suddenly collapsed nearly a year ago.Marta Lavandier/APShow moreShow less7oftenChristopher Rosa Cruz sets up a large banner at the site of the Champlain Towers South condominium building, Thursday, May 12, 2022, in Surfside, Florida. The banner lists the names of the 98 people killed when the building suddenly collapsed nearly a year ago.Marta Lavandier/APShow moreShow less8oftenPablo Langesfeld speaks during the unveiling of a large banner with the names of the 98 killed in the collapse of the Champlain Towers South condominium building, Thursday, May 12, 2022, in Surfside, Florida. Langesfeld lost his daughter Nicole. Right Ronit Naibryf, lost her son Ilan Naibryft and Chana Wasserman, left, lost her parents Tzvi and Itty Ainsworth.Marta Lavandier/APShow moreShow less9oftenFILE – A giant tarp covers a section of rubble where search and rescue personnel worked at the Champlain Towers South condominium building, as demolition experts prepared to tear down the precarious part still standing, Sunday, July 4, 2021 , in Surfside A near $1 billion interim settlement has been reached in a class action lawsuit filed by families of victims and survivors of a condominium collapse last June in Surfside, Florida , said a lawyer on Wednesday, May 11, 2022.Lynne Sladky/APShow moreShow lesstenoften
A billionaire Dubai developer is set to buy the site of a South Florida condominium that collapsed last June, killing 98 people, for $120million after no other bids failed been submitted by the Friday evening deadline for next week’s auction.
Michael Fay of Avison Young said hundreds of potential buyers had expressed an interest in the property, but none were ultimately ready to match the strong initial offer from Hussain Sajwani of DAMAC Properties. Avison Young is the commercial real estate company that has been named to market the land in the class action lawsuit.
The auction of the 1.8 acre (0.72 hectare) parcel in Surfside was scheduled for Tuesday. Earlier this month, the victims’ families reached a $997 million settlement with local authorities, developers of an adjacent building and others they hold responsible for the collapse of the 12-storey building. 40-year-old beachfront floors in the early hours of June 24.
Most of the Champlain South Towers collapsed suddenly around 1:20 a.m. on June 24 while most of its residents were asleep. Only three people survived the initial collapse. No other survivors were found despite the round-the-clock efforts of rescuers who dug a 40ft (12m) pile of rubble for two weeks. Three dozen more people were in the part of the building that remained standing.
Residents and visitors to the condo formed a melting pot: Orthodox Jews, Latin Americans, Israelis, Europeans and snowbirds from the Northeast.
The National Institute of Standards and Technology is investigating the cause of the collapse, a process that is expected to take years.
