The Real Deal Miami

Perez launches sales at Apogee Beach

May 13, 2011 10:38AM

An entity controlled by Related’s Jorge Perez has launched
reconstruction sales at Apogee Beach, a proposed condo tower in
Hollywood, according to a report from Condo Vultures. “This is going to
be an interesting test as the Hollywood/Hallandale Beach coastal condo
market is virtually out of new unit inventory,” said Peter Zalewski,
founder of the brokerage and consultancy based in Bal Harbour.
“Individual purchasers and bulk buyers have acquired practically every
developer unit built during the real estate boom in the
Hollywood/Hallandale Beach market.” Perez was also in the news this week
for Related’s purchase of the debt of the Omni mall in downtown Miami. TRD