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Florida & Gulf Coast  + South Florida  + Finance  | 
The site of Champlain Towers South will be disposed via live auction on May 24, 2022.

Avison Young to Host Live Auction for Champlain Towers South Site

Avison Young’s Michael Fay — who has been appointed by the courts and court-appointed receiver to manage the disposition of the Champlain Towers South site — will conduct a live auction for the property on Tuesday, May 24, 2022, at 10 am in judge’s chambers.

Bidding deposits and qualifications must be submitted no later than 5 pm on Friday, May 20, 2022.

An auction flyer, offering memorandum and a report outlining interest and activity related to the property are available for download here. Interested parties may contact Fay at [email protected] or 305.447.7842

All prospective bidders are encouraged to participate with offers above $120 million, which is the beginning bidding point set by the initial stalking horse bid. As of May 5, 2022, the stalking horse bidder’s deposit is $50 million.

“We are focused on securing the highest and best possible value to owners, survivors and families of the Surfside collapse victims,” said Fay.

The site at 8777 Collins Avenue in Surfside spans ±1.88 acres.

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Avison Young’s Fay

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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