Bisnow hosts its 2026 South Florida HOA and Condo Association Series: Annual Kickoff

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South Florida real estate professionals have been analyzing the fallout from the failed redevelopment attempt at the Biscayne 21 to avoid similar problems in future condo buyouts. At Bisnow’s South Florida HOA and Condo Association Series Kickoff, developers, brokers, and attorneys discussed how the controversial case — where a developer attempted to acquire and terminate the condo association to redevelop the site — became a cautionary tale.

Ultimately, the deal collapsed after holdout owners sued, arguing the developer improperly lowered the voting threshold required to terminate the condominium association. The courts sided with the residents, forcing the developer to restore the building and highlighting the legal and financial risks involved in bulk condo acquisitions.

The event brought together experts from across the industry, including attorneys, brokers, and property management professionals. Among participants was Alex Argento, SVP – Head of Operations for AKAM Southeast, who sat on the panel titled “Insurance, Reserves & SIRS: Building & Financial Resilience for the Long Haul.” During the session, industry experts discussed the growing financial and operational pressures facing condominium associations in South Florida.

Drawing on his experience in property management, Argento contributed insights on how boards and managers can better prepare for long-term building maintenance, rising insurance costs, and compliance with Structural Integrity Reserve Study (SIRS) requirements. The panel focused on strategies to strengthen building resilience through proactive planning, transparent communication with residents, and careful financial stewardship, emphasizing the importance of collaboration among boards, engineers, insurers, and property managers to ensure buildings remain safe and financially stable over time.