South Florida Condo Collapse: Insights and Lessons Learned

Holland & Knight, in cooperation with the Council of New York Cooperatives and Condominiums (CNYC), hosted a discussion about the potential causes behind the Surfside, Florida condo collapse and its implications for New York condominiums and cooperatives. Many New Yorkers may feel protected by the city's Facade Inspection and Safety Program (FISP), formerly known as Local Law 11, which requires building owners to inspect and repair their façades every five years. However, that does not mean the city is immune from catastrophe. The presenters delve into the issues that New York condo and co-op boards may face in protecting residents, obtaining funds for capital improvements and making certain the property is properly insured.

Speakers

Stuart Saft  |  Partner, Holland & Knight
Peter Varsalona  |  Principal and Vice President, Mechanical / Electrical / Plumbing Team Leader, RAND Engineering & Architecture
Michael Wolfe  |  President, Property Management, FirstService Residential
Casey Fannon  |  President, National Cooperative Bank
Mark Kaufman  |  Director, Commercial Insurance, The Oberman Companies