The Miami Herald is reporting that at least SIX new condo towers are slated to go up in Miami over the next few years. This is a sharp 180 degree turn from what was occurring just a few short years ago, when entire towers sat nearly empty and developers filed bankruptcy one after another. According to the article demand is coming almost exclusively from outside of the Miami area, as foreign investors take advantage of the lower dollar and weak market to create their own American dream.
Read More here: http://www.miamiherald.com/2011/10/29/2478900/condo-mania-20.html

