The Real Deal Miami

New projects planned for Sunny Isles

November 07, 2011 01:19PM

At least three new condominium towers are being planned in Sunny Isles
Beach, according to a report from Condo Vultures. The projects, which
call for a total of 524 new units in the city, would help Sunny Isles’
real estate market move forward with unsold developer inventory
projected to be absorbed entirely by the end of next year. “We expect
the ultra-luxury Regalia condo tower — proposed as one unit per floor
— to be one of the first new Sunny Isles Beach projects to launch
presales since the crash,” said Peter Zalewski, founder of Condo
Vultures. Pricing for the 42-story project will start at more than
$1,000 per square foot. — Alexander