The Real Deal Miami

Developers guessed right in Fort Lauderdale

August 11, 2010 11:15AM

Las Olas River House in Fort Lauderdale

Fort Lauderdale developers sold nearly 90 percent of the units
constructed between 2003 and 2010 before the real estate crash,
according to a new white paper from Condo Vultures. Developers created
47 new projects with nearly 5,100 units in downtown Fort Lauderdale and
Fort Lauderdale Beach in the seven-year period. “The Fort Lauderdale
condo developers were either extremely calculating with their timing or
pretty lucky,” said Peter Zalewski, founder of Condo Vultures. TRD