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-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, 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.
Dubai-based Damac Properties, led by the billionaire Hussain Sajwani, is the developer — and the Delmore marks its first US real-estate development. Damac purchased the 1.8-acre parcel at a court-ordered auction, and as the sole bidder, 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 sealed the property’s fate. That 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.
Jeffrey Rossely, senior vice president of development at Damac, told the Real Deal last January’s sales launch was likely rushed — and 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.
Despite 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.
