The Real Deal New York

SoFla developers voice caution on Cuba

Even as D.C.-Havana relations thaw, builders see hurdles to investing on the island

November 12, 2015 12:57PM
By Nick Madigan


Cuba has a wealth of older buildings that could be renovated to lure tourists

From the South Florida Market report: When President Barack Obama declared almost a year ago his intention to restore diplomatic ties with the Cuban government, there was great excitement among American developers and investors about the possibility that the Caribbean island, crushingly underdeveloped and long isolated from the bounties of capitalism, would deliver a gold mine of opportunities. [more]