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| Planned Centro Condo Downtown Miami computer rendering |
MIAMI, FL -- Developers are proposing a pair of unrelated
new condo towers - the 36-story Centro project and the 38-story Bay
House project - in the Greater Downtown Miami market, and in the process
have bolstered the total number of planned South Florida condo towers to 125
since the real estate market crashed in 2007, according to a new report from
CondoVultures.com.
With the newly announced towers, developers are now
proposing - or have recently completed - at least 23 new towers with more than
7,850 condo units for the Greater Downtown Miami market that is defined as the
Julia Tuttle Causeway south to the Rickenbacker Causeway, and Biscayne Bay west
to Interstate 95, according to the analysis based on the Condo Vultures®
Official Condo Buyers Guide To Miami™.
Overall in South Florida, developers are now proposing
nearly 17,100 units for the tricounty region of coastal Miami-Dade, Broward,
and Palm Beach as of March 29, 2013, according to the Cranespotters.com Pre-construction
Condo Projects Database™ compiled by the licensed Florida brokerage CVR Realty™.
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| Harvey Hernandez |
In Greater Downtown Miami, developer Harvey Hernandez
- who is currently building the 46-story Brickell House condo tower with 374
units - proposed the new 352-unit Centro project on the 100 block of Southeast
First Street, according to the South Florida Business Journal.
The proposed Centro project - which is slated to go up on
the site of the once proposed Loft 4 project from the previous condo boom -
would not have onsite parking for residents, according to the Miami Herald.
Some three miles to the north, the Melo Group - which
built the first new condo tower since the South Florida real estate crash in
2007 - has proposed the 164-unit Bay House tower on 27th Street in the Biscayne
Boulevard Corridor of Greater Downtown Miami, according to marketing
literature.
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.
PH: 800-750-0517.