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The future of pre-constructions in Miami

The future of pre-constructions in Miami

Last year, we saw the drop of condo sales in almost all neighborhood except in the Downtown and South Beach area. In Brickell, the sales has dropped by an average of 5% while in Edgewater, it dropped by an average of 9%. This trend has been caused by the high inventory of luxury condos available for sale. In fact, there is currently a four years supply of luxury condos in the market.

This high inventory also contributes to a growing concern to real estate developers. There is a difficulty of selling new pre-construction units. Developers are postponing their projects in hope for a better market. Read the rest of this entry »

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Posted by on April 13, 2018 in News

 

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Are developers running out of imagination or are we in the condo branding era?

CaptureWe already knew about the Jade Brickell, Jade Ocean, Jade Beach and the last baby known as the Jade Signature.  Now we will also have the Echo Aventura and the Echo Brickell. Different geographical areas but same branding.

Just after launching Echo at Aventura, the ingenious Property Markets Group is now developing Echo Brickell. The building will be located at 1451 Brickell Avenue providing 175 opulent residences. I believe that this project will change Miami’s skyline forever knowing that the building will be 750 feet high. That’s massive! Read the rest of this entry »

 
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Posted by on April 19, 2013 in News

 

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