Related Group Proposes 26th New Condo Tower In South Florida Since Crash

  

Hyde Beach Resort, Ocean Drive and Hallandale Beach Boulevard, Hollywood-Hallandale, FL 

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.