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The Real Deal Miami

Miami to see three more condo towers

March 30, 2012 09:00AM

With 26 already on the way in South Florida, Miami will now see another three new condominium projects, with two in Coconut Grove and one in Miami Beach, according to a report from Condo Vultures. The Grove at Grand Bay, which will be on the site of the soon-to-be-demolished Grand Bay hotel, will feature two towers, and the Versailles on the Ocean in Miami Beach will have one. “Developers appear to be almost be rushing to market with plans to build new condo towers in South Florida, knowing the process takes time to generate presages, construct the towers and ultimately deliver the proposed units,” said Peter Zalewski, founder of brokerage and consultancy Condo Vultures. — Alexander Britell