Wait, what? Somebody is actually building a new high-rise condo tower in Miami? Well, according to this story in the Miami Herald it’s true. Brickell House is scheduled to have 374 condos across 46 floors and will cost around $170M. The developer claims that the existing inventory in Miami which used to be excessive has largely been absorbed (!) so the timing will be right for this building to hit the market in 2014. This could be true as Miami, like Las Vegas, has seen a lot of international buyers come in the market because of the weak dollar and relatively low housing prices. Your friends at the condo blog are skeptical, but hopeful that this is a sign that the market is turning.
October 18, 2011 By Leave a Comment