Another day and yet another new condo construction in Miami. The inventory of Miami Beach is about to increase with the tenacious construction of Park on Fifth. This 44-story luxury condo will be raised at 500 Alton Road with a welcoming location for visitors and residents of Miami Beach coming from the MacArthur Causeway.
Tag Archives: miami real estate developement
Last week I concluded the article talking about the enthusiasm which has been growing around Miami these past decades. All that interest toward the city allowed developers to get more and more confident about investing in Miami. From 2000 to 2005 many projects were launched. For several years the market was doing great and prices were going through the roof. But we all know the story of the 2006’s crisis and how it affected the real estate market. Clearly Miami has not been spared. Between 2006 and 2010 two third of the sales were distressed one. Read the rest of this entry »