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Aging Condos Are a ‘Ticking Time Bomb’ and Need More Oversight

/ Owner - July 6, 2021

It’s not just condominium buildings that are showing their age, as was the case in the deadly collapse of a condo in Surfside, Fla. The condominium form of ownership itself is under strain. Some condo buildings are even being “de-converted” to rental properties—including the 391-unit 1400 North Lake Shore Dr. in Chicago, which was bought by a New York developer in 2019 for about $107 million.   Read the entire article……………………………….

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