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| Carlos Rosso |
MIAMI, FL -- A 19th new condo tower is being proposed for
Greater Downtown Miami at a time when South Florida real estate shows signs of
improving from a crash that began in 2007, according to a new report from CondoVultures.com.
For this latest project, developer Jorge Perez of the
Related Group is proposing to build a mixed-use project - yet to be publicly
named - with 450 condo units and 132 hotel rooms on the site of the previously
announced but ultimately stalled Infinity II At Brickell project at 1300 S.
Miami Avenue, according to a report by the Miami Daily Business Review.
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| Jorge Perez |
With this newest proposed project, the Related Group is
proceeding with plans for at least four new towers - 1100 Millecento, 1300 S.
Miami Ave. site, ICON Bay, and MyBrickell - with a combined 1,325 condo units
in the Greater Downtown Miami area, according to the Preconstruction Condo
Projects Database™ compiled using public records by the licensed Florida
brokerage CVR Realty™.
In South Florida, the Related Group is proposing at least 11
condo towers - with three towers already under construction - with more than
2,150 units in projects such as One Ocean and TRG-Alaska III site in South
Beach market, the Apogee Beach and Beachwalk in the Hollywood / Hallandale
Beach market, and the ICON Palm Beach north of Downtown West Palm Beach.
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| Peter Zalewski |
"Several developers are proceeding aggressively to tap
into the reportedly strong buyer demand for preconstruction condos in South Florida
at a time when unsold unit inventory from the tricounty region's last
boom-and-bust cycle is currently on pace to sell out as early as 2014,"
said Peter Zalewski, a principal with the Greater Downtown Miami-based
real estate consultancy Condo Vultures® LLC.
"Fortunately, attendees of the upcoming Condo Vultures®
5th Annual State Of the South Florida Condo Market Seminar will have an
opportunity to hear more about the developer strategy with pre-construction
from Carlos Rosso, president of the Related Group's condominium
development division, who is scheduled to speak at the Downtown Miami
event."
For a complete copy of the company’s news release, please
contact:
Condo Vultures® LLC
800-750-0517.
225 Midtown Building
225 NE 34th St
Downtown Miami, Florida, 33137.
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