Did you know that a total of 187 pre-construction projects are slated to be completed in the next couple of years in South Florida?
5 towers were already completed in 2013:
Apogee Beach in Hollywood
Bellini Williams Island in Aventura
MyBrickell in Brickell
23 Biscayne Bay in the new up and coming Edgewater (Miami)
4001 North Ocean in Palm Beach
In addition, 52 projects are currently under construction and 89 are in presale.
But this time around developers are requiring 50% cash deposits, unlike our previous boom (2002-2006) where developers only required 10% to 20% deposits.
And soon Fisher Island may be added to this mix, making it a total of 189 future developments. As per The South Florida Business Journal "US Bankruptcy Judge A Jay Cristol approved a plan by a company in Chapter 11 to pursue a residential project on wealthy Fisher Island." This would allow the developer at Fisher Island to complete the previously planned developments of Palazzo del Sol and Palazzo del Luna. A full construction crew should be working at the Palazz construction site by April 15
For more information please contact me
Phone: (786) 424-7623