Mary,

Had you entered into a regular (FAR-9) Purchase Contract, which are all standard, I could inform you of your options. However, you have entered into a Builders Contract and each builder has their own rules and regulations. I could say you might lose deposit or that you could extend closing date, but that would be speculation on my part. I highly suggest you have an attorney read through to see what options you have.

Good luck!

Mary - you describe many's situation that purchase pre-construction in Miami. Take a look at the purchase contract carefully and my best advice is to hire an attorney. Many buyers have been able to get out of purchase contracts without loosing their deposit because of glitches in the contract.

The second stage of development for Midtown has been cancelled as I understand. Here's an article with photos about Midtown Shops.