The Real Deal Miami

W South Beach residences hit $250 million in sales

February 07, 2012 12:45PM

The W South Beach

The Residences at W South Beach have reached $250 million in sales, following 40 closings at the property between May and September. “We launched this project before the market crashed, worked our way through the worst economic downturn in our lifetime, and have come through it with sustained and well-above-average pricing,” said David Edelstein, the co-owner and developer of the project. According to the company, 65 percent of buyers have come from abroad, including Brazil, the United Kingdom, France and Spain, with domestic buyers hailing from New York and Florida. — Alexander Britell