The Real Deal Miami

South Florida getting 20 new condo towers

December 02, 2011 07:49AM

There are 20 condominium towers currently being proposed in South
Florida, including two downtown and another in South Beach, according to
a report from Condo Vultures. The 20 towers could have as many as 4,000
units in the area east of I-95. The moves come in part from a surge in
foreign buyers prepared to pay with cash. The first condo tower near the
coast to assemble a crane for vertical development is the 23 Biscayne
Boulevard project in Miami. — Alexander