Miami Developer: 'There Is Not A Boom' Despite 122 Condo Towers Proposed

Carlos Rosso

 MIAMI, FL -- Despite nearly 125 new condo towers - and counting - being proposed for coastal South Florida, a top executive with the Related Group - Florida's most prolific vertical condo developer - rejects the idea the tricounty region of Miami-Dade, Broward, and Palm Beach is in the midst of another construction boom like the one that began a decade ago in 2003, according to a new report from CondoVultures.com.

"We don't agree with this idea of, 'There is another boom,'" Carlos Rosso, the president of new condo development division of the Related Group, told a sold out crowd of 200 people at the CondoVultures.com 5th Annual State Of The South Florida Condo Market Seminar on Feb. 27, 2013 at the Met 1 condominium in Greater Downtown Miami.

"There is not a boom. The difficult thing of Miami is to measure the demand for Miami.

"There is a lot of demand for different reasons. It is really not people who are working in Miami that are buying. It is people who want to buy a piece of the U.S. instead of buying a bond or instead of buying securities. They say, 'I want to buy bricks in Miami.' That is what they do."

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.