The Real Deal Miami

U.S. Attorney aims to seize 13 Miami condos

August 11, 2011 04:41PM

The U.S. Attorney’s Office is preparing to seize 13 waterfront condos in Miami and Miami Beach, and a townhouse in Miami’s Coconut Grove tied to the indictment of five men on money laundering charges, the South Florida Business Journal reported.

The government is apparently looking at condos in multiple buildings — the Continuum on South Beach, the Murano at Portofino, One Miami and the Mark on Brickell.

The condo units and townhome cited in the indictment, which feature a combined 19,200 square feet of salable space, have a combined assessed value of $5.03 million, or $261 per square foot, according to the Condo Vultures data. Alvaro Lopez Tardon, Fabiani Krentz, David William Pollack and Artemio Lopez Tardon were charged July 12 with conspiracy to launder more than $26 million in drug proceeds. [SFBJ]