By Deborah Acosta | Wall Street Journal
MIAMI—Angelica Avila never wanted to sell her condo overlooking Biscayne Bay. She liked to watch the sunrise each morning from the balcony. Even when a developer who was buying other condos in the building offered $690,080 for her unit—more than triple what she spent to buy and upgrade her home of 30 years—she refused the offer.
But the developer acquired enough units to take control of the building and terminate the condo, paving the way for its demolition. In the fall, after Two Roads Development signaled it would turn off services in the building, including air conditioning, elevators and security, Avila moved to a house further inland, where she rents a small room.
She visits a storage unit weekly to swap out her clothes because the room is too small. “This is my home now,” said Avila, 55 years old, gesturing to the storage unit.
