Jooish

Holdout Edgewater Condo Owners Settle With Two Roads For Tens Of Millions A years-long fight over Biscayne 21 in Miami’s Edgewater neighborhood is over. Two Roads Development has settled with the remaining owners at 2121 N. Bayshore Drive, paying them a reported $40 million-plus (some reports put it near $50 million) to buy out the last units. The deal ends a bitter standoff over the old waterfront building. Two Roads bought most of the units in 2022 and wanted to tear it down for the 55-story Edition Residences. A small group of owners refused to sell, sued, and won key court rulings after the developer-controlled board tried to lower the vote needed to terminate the condo. The building sat empty for years. Courts later ordered restoration work after demolition had already started. Both sides kept fighting until the buyout closed. Two Roads now plans to demolish what’s left and move the Edition project forward, with construction expected to start soon and completion targeted for 2029. Florida Scoop’s Take: This was never just a real estate deal. It was a test of how far a developer can go when a few owners won’t leave a prime bayfront lot. The holdouts got paid. The tower is back on track. Edgewater keeps changing.