Developers, owners still hoping to build Perdido Key condo project

Unlike the developers of many high-rise projects conceived during the recent real estate boom, the land owners and builders behind The Verandas haven’t given up on their plans to erect a pair of 34-story condominium buildings on Perdido Key.

As such, they’ve asked the City Council to consider an unprecedented extension of the approval elected officials gave the designs in late 2005.

Typically, design approval expires if no building permits have been
requested in a year. And traditionally, the City Council has granted
developers up to two one-year extensions. But the willingness of The
Verandas’ developers to stick with the project has prompted elected
officials to consider keeping plans on the shelf for longer than usual.