Florida Condos Are Sinking!

In Weak Economy, Boat Dumping In Miami Waterways Increases MIAMI - APRIL 22: The city of Miami skyline seen from the ocean on April 22, 2009 in Miami, Florida. Though it is hard for law enforcement officers to determine which boats have been abandoned unless they wash-up on shore or are a navigational hazard the downturn in the economy has shown that derelict/abandoned boats are becoming more of a problem from California to Maine. (Photo by Joe Raedle/Getty Images) (Joe Raedle/Getty Images)

By Nikki

December 17, 2024 at 1:39 pm EST

Florida — Well, this is alarming. Florida condos and hotels are sinking at a very fast rate.

Many luxury beachfront condos and hotels in Surfside, Bal Harbour, Miami Beach and Sunny Isles are sinking into the ground at rates that were unexpected, with nearly 70 percent of the buildings in northern and central Sunny Isles affected. This particular study 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.

Nikki

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