MIAMI | Okan Tower | 893 FT | 70 FLOORS - Page 12

ChiND · #**221** Posted **Jun 10, 2024, 6:37 PM**

Quote:

Originally Posted by Zapatan

That'd be a shame about Waldorf if true.

Can't the buyers sue for their deposits back or were they really taking that much of a risk?

If the developers file for bankruptcy, I suspect that all of the deposited funds will have been spent. In that case, the buyers can only file bankruptcy claims.

montanamiami · #**222** Posted **Jun 11, 2024, 2:05 AM**

Quote:

Originally Posted by ChiND

If the developers file for bankruptcy, I suspect that all of the deposited funds will have been spent. In that case, the buyers can only file bankruptcy claims.

Uhh, this is a little scary..!!!!

BrickellBased · #**223** Posted **Jul 19, 2024, 7:22 PM**

There must have been some kind of activity on site because these yellow forms on the west side of the site were not there previously when I was last there June 4.

But generally speaking, this is microscopic progress for one month.

Compare July 14, 2024

to June 4, 2024

Dale · #**224** Posted **Jul 20, 2024, 1:05 AM**

Labor shortage ?

BrickellBased · #**225** Posted **Jul 20, 2024, 1:33 AM**

Here's another comparison from the east part of the site.

It does look like some concrete was poured.

So I'm not sure if the site became active for like a day and the stopped, or it just recently became active.

I'll stop by again in the not so distant future to make a deduction.

July 12, 2024

June 4, 2024

montanamiami · #**226** Posted **Yesterday, 4:34 PM**

you are right, this is a microscopic progress for a couple of moths due to as I heard only 7-8 people is working at construction site.
I think the main problem of this project is financial.
home prices are dramatically falling in Florida and Miami.
real estate is not the most profitable way of investing money anymore.