It was the site of mass tragedy. Now it’s the site of zero home sales.
The Real Deal reports the Delmore — a luxury condominium rising on the site of the deadly Surfside, Florida, condo collapse — has yet to sell a single unit more than a year after sales launched.
The 12-story, 37-unit Atlantic Ocean-facing property made its market debut in January 2025, at which time prices for the four- to five-bedroom fully furnished dwellings launched from $15 million. Douglas Elliman Real Estate, which didn’t respond to The Post’s request for comment on the building’s sales activity, was tapped to broker sales at the Zaha Hadid Architects-designed project.
The Delmore launched sales last January. BINYAN
In 2021, a partial collapse of the previous condominium killed 98 people. Getty Images
Redevelopment of the site was seen as controversial, as locals wanted it to be a memorial for the dead. Paul Martinka
Dubai-based Damac Properties, led by the billionaire Hussain Sajwani, is the developer. The Delmore marks its first US real-estate development.
Damac was the sole bidder at a court-ordered auction and purchased the 1.8-acre parcel for $120 million in 2022.
Less than a year earlier, in June 2021, a collapse of the pool deck into the garage of the Champlain Towers South condominium led to a partial collapse of the building in the overnight hours, which killed 98 people inside, making it one of the deadliest collapses in American history.
From the get-go, according to the outlet, the planned redevelopment of the site was seen as controversial as many aimed for the site to become a memorial for the dead. The Real Deal added area brokers and developers also steered clear of the land due to the stigma.
Jeffery Rossely, senior vice president of development at Damac, told the Real Deal last January’s sales launch was likely rushed and that Damac had delays in completing a sales center for prospective buyers to visit.
“We also thought the market would pick up after the inauguration of the president,” he told the publication.
The new property faces the Atlantic Ocean. BINYAN
Among the perks advertised for living there is a massive pool. BINYANDespite no deals being inked, Rossely added some have come close over the last year. One buyer, for instance, had contracts to purchase more than $200 million in units, but there were “question marks over the source of the funding.”
Other complications include Damac not being known to an American audience. Sajwani has mostly focused his residential efforts in the Middle East and London.
Now, Damac is reportedly in talks to forge a joint venture with another developer on the Delmore.
“A number of parties have approached us, and we are having discussions to see whether we go down that route but under no circumstances would we be leaving the project,” Rossely added.
