W South Beach sells 23 units in three months

Between July and September, 23 condominium-hotel units at the W South Beach have sold for a total of $26 million, and an average price of more than $1,700 per square-foot, according to Condo Vultures. The 408-unit building condo-hotel at 2201 Collins Avenue is now 40 percent sold. Overall sales at the building have surpassed $240 million and average more than $1,800 per square-foot since it opened two years ago, although the average price per square foot has fallen by more than $400 over that period. The $500 million, 20-story complex was developed by Tristar Capital. [Condo Vultures]