09/04/2026
The biggest Miami real estate news of the week: after three years empty, fenced off, and dark, the most famous empty building in Edgewater is finally coming down.
Two Roads paid ~$150M for the building / parcel in 2022, then spent three years fighting 10 holdout owners who sued over a rewritten termination vote and won, forcing the developer to turn the power back on.
On Monday of this week, they finally reached a settlement, reportedly around a $50M payout to the remaining owners.
Demolition could now start within weeks. And replacing it: The Edition Residences. 55 stories, 185 units, 800 feet on the Bay, and a Formula 1 simulator Charles Leclerc has been waiting on since 2024.
This is what it costs to control the best bayfront site in Miami. You pay to play.