A long-running dispute between Miami condominium owners and a developer aiming to redevelop their waterfront building has reached has concluded, with an outcome that could carry implications for condo owners across Florida.

This week, the Florida Supreme Court declined to hear an appeal filed by Two Roads Development, effectively upholding a lower court ruling that sided with a group of owners at Biscayne 21, a condominium located in Miami’s Edgewater neighborhood. The decision halts the developer’s plan to terminate the condominium and replace it with new, ultra-luxury residences, a strategy that’s become increasingly common in South Florida’s aging condo market. "This building is in Miami, it’s about 192 units, and the original declaration was recorded in 1974," said Alessandra Stivelman, an attorney who specializes in condo and community association law, but is not affiliated with this case. "It’s an older building that’s coming to need a lot of repairs."

According to the lawsuit filed in 2023, owners accused Two Roads of purchasing units in bulk and pressuring other residents to sell so the company could gain control of the condo board. Once in control, they alleged, the developer sought to terminate the condominium association — with the goal of tearing down the building and redeveloping.

But the Biscayne 21 declaration included a key provision: any termination required unanimous approval from all unit owners. While current state law allows termination with approval from 80 percent of ownership, the documents governing Biscayne 21 required 100 percent agreement.

"The owners asked for the court to tell the developer they could not move forward with this plan of termination," Stivelman said.

The Supreme Court’s decision not to intervene leaves the lower court’s ruling in place, favoring the holdout owners. Legal experts say the outcome could set a precedent for other buildings with similar governing documents — particularly older condominiums facing redevelopment pressure.

"Unfortunately, there are a lot of condos that are going to be left in limbo — older properties that can't afford to make necessary repairs and maintenance," Stivelman said.

NBC6 has previously reported on similar buyout efforts across South Florida, including at the Bayshore Park condominium in Coconut Grove, where the governing documents required only 75 percent of owners to approve a termination.

Isaac Toledano, CEO of BH Group, the developer behind the Bayshore Park project, said the Biscayne 21 ruling will likely make developers more selective about which properties they target.

"I’m sure developers will become more cautious after this decision," Toledano said. "But remember, every building has different condo docs and different requirements."

In a statement provided to NBC6, attorney Jeffrey Lam, who represents the Biscayne 21 owners, said his clients have been displaced for more than two years.

"Obviously, we are extremely pleased with the Third DCA’s ruling and substituted opinion back in July, and the recent order from the Supreme Court of Florida declining to accept jurisdiction and denying TRD’s petition for review. Our clients have been out of their forever homes for over 2 years now because of the developer's cavalier attitude to the governing documents of the condominium and the livelihoods of our clients," the statement read. "While it remains to be seen if our clients can move back in their homes based on the condition of the building after being vacant for 2 years, we look forward to proceeding with our claims and recovering the significant damages our clients deserve."

Two Roads Development declined to comment, telling NBC6 through a spokesperson that the company is "focusing on next steps."