FDOT Files To Take Portion Of Neo Lofts Condo Property By Eminent Domain

The Florida Departments of Transportation is taking property from the Neon Lofts condo association for a bridge project.

FDOT has filed a Declaration of Taking, along with an eminent domain lawsuit. The declaration allows FDOT to take possession even before a judge issues a ruling.

A good faith valuation places the total value of the parcels at $544,300, according to FDOT.

The land is needed for FDOT’s $70 million SR 968/SW 1 St bascule bridge replacement project, the lawsuit states.

Neo Lofts is a 21-story condo with 199 units, built in 2003.