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| Hyde Beach Resort, Ocean Drive and Hallandale Beach Boulevard, Hollywood-Hallandale, FL |
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| Jorge Perez |
MIAMI, FL -- As
the South Florida condo market rebounds from the devastating crash of 2007,
Miami billionaire Jorge Perez of the Related Group - the tricounty
region's largest vertical condo developer - is proposing a 26th new condo tower
with a combined 6,300 units for the coastal tricounty region of Miami-Dade,
Broward, and Palm Beach counties, according to a new report from
CondoVultures.com.
By comparison, the Related Group developed 24 new condo
towers with more than 9,125 units in South Florida's seven largest coastal
markets during the last boom-and-bust cycle that began in 2003, according to
the Condo Vultures® Official Condo Buyers Guide™ series.
For its newest South Florida condo project during this
latest cycle, the Related Group is proposing to develop the Hyde Beach
Resort, a 41-story tower with a combined 407 condo and condo-hotel units on
an 1.6-acre site at the intersection of Ocean Drive and Hallandale Beach
Boulevard in the Hollywood / Hallandale Beach market of Southeast Broward
County between Greater Downtown Miami and Downtown Fort Lauderdale, according
to marketing literature.
Back in March 2012, an Aventura development company
announced it had the property under contract and planned to build a 40-story
tower with 477 condo-hotel units - to be called the Beach One Resort -
on the site, according to a CondoVultures.com report.
With the new Related Group project, developers are now
proposing at least 13 new towers with nearly 1,650 condo units in the Hollywood
/ Hallandale Beach market that stretches from the Miami-Dade County line north
to Sheridan Street, and the Atlantic Ocean west to Federal Highway as of
November 22, 2013, according to the Preconstruction Condo Projects Database™
compiled by the licensed Florida brokerage CVR Realty™.
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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