The owner of 1809 Brickell will be permitted to evict low-income residents as soon as next year and redevelop the property, according to WLRN.
About 400 seniors now live in the affordable housing high rise now known as George Humphrey Tower (formerly Stanley Axlrod Towers), which sits on prime waterfront land.
The property was sold for $14 million to 1809 Brickell LP, controlled by Paulo Tavares de Melo.
In September 2019, Department of Housing and Urban Development restrictions that require the building be used as affordable housing will expire. De Melo said that although he has no legal obligation to do so, he will work with HUD and local government officials to assist in relocating residents.