Florida court decision leads to increased condo living costs, prompting developers to replace aging buildings with luxury high-rises.

A Florida court decision has alarmed developers targeting the state's aging condos, as new regulations lead to a significant increase in condo living costs. This has resulted in aging building residents selling out to developers eager to replace them with new luxury high-rises. In Miami's Edgewater neighborhood, many older buildings have already been demolished and replaced by new glamorous high-rise condominiums.