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THE BIG PICTURE: The redevelopment of the oceanfront Regent Palace buildings is part of a larger trend of developers overhauling older condo buildings in the wake of the Surfside collapse,
which killed 98 people in 2021. CATCH UP QUICK: The squat, twin buildings — built in 1951 — were voluntarily evacuated weeks after the collapse following a grim engineering report. * A
Surfside commissioner at the time questioned whether the evacuation was just a "convenient excuse" to quickly flip the property. * Multiplan Real Estate Asset Management bought the
buildings at 9309 and 9317 Collins Avenue for $64 million this past January. THE LATEST: The developer is replacing the two-story buildings with a 12-story tower project called Ocean House.
It's next door to the Surfside community center. DETAILS: Ocean House will have 25 "ultra-luxurious" residences, with two-to-five bedrooms apiece. * The smallest: just under
2,100 square feet. * The largest: nearly 6,300 square feet. * Amenities inside: Rainfall showers, freestanding tubs, floor-to-ceiling windows, custom kitchen islands and European cabinetry.
* Building perks include a spa, salon, fitness center and rooftop pool, plus reflecting ponds and floating cabanas. WHAT'S NEXT: The groundbreaking of the new building is planned for
next year, with project completion expected in 2027. Units are already for sale.