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| One Thousand Museum Condos construction site Downtwon Miami, FL |
MIAMI, FL -- Developers are proposing a pair of new condo
towers - the 63-story One Thousand Museum project and a 45-story condo
tower within the previously planned Brickell CityCenter mixed-use
complex - for Greater Downtown Miami at a time when South Florida real estate
shows signs of recovering from a crash that began in 2007, according to a new
report from CondoVultures.com.
With the newly proposed condo towers, at least 21 new condo
towers with nearly 7,350 units have been announced for the Greater Downtown
Miami market that stretches from the Julia Tuttle Causeway south to the
Rickenbacker Causeway, and Biscayne Bay east to Interstate 95 as March 1, 2013,
according to the Cranespotters.com Preconstruction Condo Projects Database™
compiled by the licensed Florida brokerage CVR Realty™.
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| Brickell CityCenter condos rendering Downtown Miami, FL |
Overall in South Florida, developers are proposing more than
15,560 condo units for the tricounty South Florida region of Miami-Dade,
Broward, and Palm Beach counties as of March 1, 2013, according to
CraneSpotters.com.
"Greater Downtown Miami is emerging as the market of
choice for nearly half of the preconstruction condo units currently proposed in
coastal South Florida," said Peter Zalewski, a principal with the
Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC.
"The number of new residents and companies moving into
- or expanding in - Greater Downtown Miami is creating an attractive climate
for developers. Added to that, less than five percent of the boom-era developer
condo inventory in Greater Downtown Miami remains unsold as of 2012 due in
large part to cash investors from overseas.
For a complete copy of the company’s news release, please
contact:
Condo Vultures® LLC
225 Midtown Building
225 NE 34th St.,
Suite 209B,
Downtown Miami, Florida, 33137.
800-750-0517.
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