By CBSMiami.com Team

MIAMI (CBSMiami) – At a hearing on the future of the site of the Champlain Towers South collapse in Surfside, Miami-Dade Circuit Judge Michael Hanzman was informed there was an interested buyer.

Hanzman instructed Michael Faye, who has been appointed to work on the real-estate deal, to begin negotiating the sale of the land. Faye did not reveal the name of the interested company which is reportedly willing to spend between $110 and $120 million.

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Hanzman said if the buyer wants to move forward, he wants Faye to start a short auction process. If no one outbids them, the buyer would get the property.

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The Town of Surfside has been asked to provide zoning information for the site.

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The judge has been pushing for a quick sale of the property to compensate victims of the tragedy.

CBSMiami.com Team