Two Roads Development has filed a lawsuit against the remaining owners at Biscayne 21, intensifying an ongoing dispute over the bayfront condominium property in Miami’s Edgewater neighborhood. The legal conflict began after Two Roads acquired most of the units in 2022 for approximately $150 million and launched sales for a new Edition-branded condo project.
The disagreement centers on efforts to redevelop the site. In 2023, holdout unit owners sued Two Roads after the developer-controlled condo association amended the building’s declaration, reducing the required approval for termination from all owners to just 80 percent. This amendment was later ruled illegal by a court, which is necessary before redevelopment can occur.
In January, Two Roads was ordered by a judge to restore Biscayne 21 to livable conditions by repairing infrastructure and utilities such as air conditioning, water, and electricity.
Now, through its affiliate TRD Biscayne, Two Roads is seeking further action from the court. The company has requested equitable relief that includes dissolving the condo association entirely. In its complaint filed at the end of January, Two Roads alleges that current unit owners are holding it responsible for long-standing issues: “The tower ‘stands vacant, uninhabitable, and condemned resulting from decades of lack of maintenance deferred by its former owners, including the individual unit owners,’” according to statements included in the lawsuit.
Taylor Collins, managing partner at Two Roads Development, reiterated this point in a recent interview. He estimated that bringing the building back to habitable standards would cost around $61 million. “It’s not worth it to repair it,” he said. If granted relief by the court, Collins explained that a partition sale could follow—allowing either Two Roads or another developer to acquire full ownership of the property. “I hope this comes to closure faster than that,” he added.
Elsewhere in South Florida real estate activity:
– Anthony Lomangino and his wife Lynda purchased an oceanfront mansion at 260 North Ocean Boulevard in Palm Beach for $76.7 million from Harvey Kinzelberg and his wife Mary Ann.
– A partnership involving Roizman Development and Related Companies sold a low-income apartment complex at 201 Racquet Club Road in Weston for $50.5 million.
– The waterfront mansion at 255 Ocean Boulevard in Golden Beach is now listed for sale at $88.5 million with Douglas Elliman’s Dina Goldentayer as agent; developers Ricardo Halfen and Stephanie Halfen previously bought it for $10.7 million in 2021.
In other news about state enforcement actions: Florida authorities have seized nearly 2,200 vaping devices as part of ongoing efforts aimed at protecting minors and limiting access to illegal e-cigarettes under state laws prohibiting their possession or sale to individuals under age 21.
