The Real Deal New York

SoFla roundup: Fort Lauderdale sees development boom, Miami condo king steps down … & more

August 03, 2016 05:20PM
By TRD Miami staff

A rendering of Boulevard 57

A rendering of Boulevard 57

From the August issue: In another sign of the market slowdown, Boulevard 57, a planned mixed-use project on Miami’s Biscayne Boulevard, has called off condo sales. The vacant lots, old warehouses and dilapidated housing that have long characterized much of urban Fort Lauderdale are quickly disappearing. Miami’s “Condo King” Jorge Perez, who’s had a prolific decades-long career as a real estate developer, is preparing to relinquish his throne, clearing the way for his two sons to take control of the Related Group. [more]