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Old condo tower on pricey land? Knockdowns might be next development wave, experts say

Residents at Springbrook Gardens, shown on Sept. 26, were forced to evacuate after an engineer warned of an unsafe foundation. Now the entire building is for sale because the condo owners can’t afford millions in repairs. (Amy Beth Bennett/South Florida ֱ)
Residents at the Fort Lauderdale condo Springbrook Gardens, shown on Sept. 26, were told to evacuate because the building had an unsafe foundation. Five days later, they were told they could move back in. (Amy Beth Bennett/South Florida ֱ)
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Faced with crippling repair costs, some condo residents may end up selling the entire building and walking away – especially if they’re told the building is no longer safe.

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