5 New Condo Towers Planned For Bal Harbour / Surfside / Bay Harbor Islands in South Florida

    

St. Regis Bal Harbour Resort, Bal Harbour, FL

MIAMI, FL -- With at least 147 new condo towers already proposed for South Florida, developers are planning an additional five new condo project in the barrier island market of Bal Harbour / Surfside / Bay Harbor Islands in Northeast Miami-Dade County as the region's real estate market shows signs of recovering from the dramatic downturn of 2007, according to a new report from CondoVultures.com.

Peter Zalewski

The new condo projects - dubbed the Bay Harbor I, Bay Harbor 101, 1120 Bay Breeze, 1150 Condominium, and Bay View 102 - are slated to be developed at a time when 14 towers with nearly 1,000 units have already been proposed for the Bal Harbour / Surfside / Bay Harbor Islands market, according to the Preconstruction Condo Projects Database™ compiled by the licensed Florida brokerage CVR Realty™.

Overall in South Florida, developers are now proposing nearly 19,900 units for the tricounty region of coastal Miami-Dade, Broward, and Palm Beach as of Aug. 4, 2013, according to the report.

"The Bal Harbour / Surfside / Bay Harbor Islands area is one of the busiest South Florida markets in terms of newly proposed condo towers," said Peter Zalewski, a principal with the Downtown Miami-based real estate consultancy Condo Vultures® LLC.

"The new condo sales success - more than $1 billion and counting - at the St. Regis Bal Harbour complex has been the catalyst attracting developers to the Bal Harbour / Surfside / Bay Harbor Islands market. To date, developers are proposing at least 19 condo towers with more than 1,150 units in the Bal Harbour / Surfside / Bay Harbor Islands market.

"The unanswered question is, whether the buyer demand is deep enough to justify the development of all of the proposed condo projects slated to go up in the Bal Harbour / Surfside / Bay Harbor Islands market." 

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.