Two Roads Development has filed a lawsuit against the remaining owners at Biscayne 21, escalating a long-standing dispute over the bayfront condominium in Miami’s Edgewater neighborhood.
The conflict began after Two Roads acquired most of the units in the 1964 building for about $150 million in 2022 and announced plans for an Edition-branded condo project. Since 2023, litigation has continued between the developer and holdout unit owners who refused to sell.
Last year, as part of a suit brought by these owners, a court found that the developer-controlled condo association had illegally changed rules to lower the threshold for terminating the condominium from unanimous consent to just 80 percent approval. This termination is necessary for redevelopment to proceed.
In January, a judge ordered Two Roads to restore habitability at Biscayne 21 by repairing and reinstating essential utilities such as air conditioning, water, and electricity.
Now, Two Roads’ affiliate TRD Biscayne is seeking equitable relief from the court, including termination of the condo association. In its recent complaint, Two Roads claims that current problems with the building predate its involvement. The lawsuit states that Biscayne 21 “stands vacant, uninhabitable, and condemned resulting from decades of lack of maintenance deferred by its former owners, including the individual unit owners.”
Taylor Collins, managing partner at Two Roads, reiterated this position last week. According to court documents, restoring habitability would cost about $61 million. Collins stated: “It’s not worth it to repair it.” He added that if the court sides with Two Roads, there could be a court-ordered partition sale allowing either buyouts of remaining owners or purchase by another developer. “I hope this comes to closure faster than that,” he said.
Elsewhere in South Florida real estate:
Anthony Lomangino and his wife Lynda purchased an oceanfront mansion in Palm Beach for $76.7 million from Harvey Kinzelberg and his wife Mary Ann.
A low-income apartment complex in Weston was sold for $50.5 million by an LLC connected to Roizman Development and Related Companies; buyers included Spria Equity Partners and Foundation for Affordable Housing.
A newly built waterfront mansion at 255 Ocean Boulevard in Golden Beach was listed for $88.5 million with Douglas Elliman’s Dina Goldentayer. Developers Ricardo Halfen and architect Stephanie Halfen acquired the property in 2021 for $10.7 million.
Additionally, Florida authorities have confiscated nearly 2,200 vapes as part of efforts to enforce state laws prohibiting sales or possession of nicotine vapes by anyone under age 21.
More updates on these stories are expected next week.
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