What changed
Two Roads Development announced on September 1, 2026 that it had reached and fully funded a settlement with the remaining Biscayne 21 owners. The agreement resolves the multiyear condominium-termination litigation and gives the developer the site control needed to advance EDITION Residences at 2121 North Bayshore Drive.
- 55 stories and approximately 649 feet
- 185 residences
- One-bedroom-plus-den through four-bedroom layouts
- Three tri-level penthouses
What the settlement does—and does not—confirm
The settlement removes a significant legal and site-control obstacle. It does not by itself confirm demolition timing, a construction start, finalized permits or a revised completion date. No new inventory release or incentive accompanied the announcement.
- Sales had previously launched
- Brokerage-advertised pricing is approximately $1.9 million to $35 million
- Rental restrictions were not reconfirmed
Todd’s buyer perspective
Buyers who discounted the project because of the litigation now have a clearer path to evaluate. The next step is confirming the revised construction schedule, permit status, deposit protections, current inventory and how the timing compares with projects already under active construction.
Questions Clients Ask
Frequently asked questions
Does the settlement mean construction has started?
No. It resolves a major legal and site-control obstacle but does not itself confirm demolition, final permits or a construction start.
Did EDITION release new inventory or an incentive?
No new inventory release or incentive accompanied the settlement announcement.