Overview
- Reports Sunday confirmed there are still no signed contracts for The Delmore, a 12‑story, 37‑unit tower planned on the Surfside collapse site, after a premature January 2025 soft launch.
- Developer Damac said a package of units worth more than $200 million fell through because of questions about the source of the buyer’s funds.
- Prices start at $15 million with most units marketed at $35 million to $40 million and penthouses projected above $150 million, which has tested demand for Damac’s first major U.S. project.
- Damac said it is exploring partnerships and preparing a relaunch, with permit resubmittals, insurance arrangements, and contractor selection in progress, while maintaining it plans to proceed.
- The site sold for $120 million in a 2022 court‑ordered auction after the 2021 collapse that killed 98 people, and families continue to press for a memorial as investigators have pointed to a likely pool‑deck failure as the origin.