The Real Deal Miami

More than 530 preconstruction contracts signed at new South Florida condo towers

December 22, 2011 02:17PM

My Brickell

Almost 530 preconstruction units have gone under contract or been
reserved at South Florida’s new condominium developments, according to a
report from Condo Vultures. The deals represent more than 46 percent of
the total 1,150 units in the pipeline. “Buyer demand for the
newly proposed condo towers appears to be stronger than most people
would probably think given today’s economic climate and remaining unsold
developer inventory from the last South Florida real estate boom,” said
Jenny Huertas, a broker with CVR Realty. — Alexander Britell