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Coronavirus Pandemic Prompts Developers to Rethink the Future of Homes

06.10.2020 – 57ocean

From materials to layouts to amenities, post-pandemic new residences could look different from today BY DIMA WILLIAMS  |  ORIGINALLY PUBLISHED ON MAY 24, 2020  |  MANSION GLOBAL For developer Scott Gillen, the coronavirus pandemic is redefining what he sentimentally describes as “home is home.” A residence is no longer a place to simply “eat, shower and sleep” before venturing into a bustling world for school, work and social events,…

Coronavirus Has Some Buyers Purchasing Homes Without Setting Foot Inside Them

05.18.2020 – 57ocean

Wall Street Journal Article by Candance Taylor The growing trend of using Facetime and Zoom to make home-buying decisions may continue after the pandemic. At the under-construction condo 57 Ocean in Miami Beach, the sales team recently mailed a pair of virtual reality goggles to a buyer to help seal the deal, said sales director Nirka Burns Padilla. The buyer, who lives in San Francisco,…

Despite lending slowdown, this Miami condo project landed a $58.5M construction loan

05.08.2020 – 57ocean

Miami Herald Article by Rebecca San Juan Backing for new projects has slowed as lenders take stock of the post-COVID economy. But the 57 Ocean project in Miami Beach is full ahead, thanks to a $58.5 million construction secured from Bank OZK, said developer Marcelo Kingston, managing partner of MultiplanREAM. “Bank OZK is pleased to be financing the final phases of 57 Ocean’s construction and…

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