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There’s a surplus of luxury condos in Miami, but three more developers are building anyway

06.25.2019 – 57ocean

Article Courtesy of The Miami Herald Sea level rise? No worries. Sluggish sales in the luxury market? Not a problem. Strict requirements for construction loans and traditional bank financing? There are other ways to buy a condo. High-end real estate development has slowed to a crawl in Miami-Dade, with most builders taking a breath while the market absorbs a bounty of condos priced at $1…

Brazilian developer redesigns Miami Beach condo to include more luxury units

06.24.2019 – 57ocean

Article Courtesy of The Real Deal The developer of a boutique luxury condo project in Miami Beach is adding units based on increased demand, a rarity during a condo market slowdown. Multiplan Real Estate Management is adding 10 “sky residences” to 57 Ocean, now a 71-unit development planned for 5775 Collins Avenue, managing partner Marcelo Kingston said. That brings the number of sky residences to…

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