The Real Deal Miami

The Next Wave

More than 70 condo towers are in the works for South Florida
By Alexander Britell | November 07, 2012 04:30PM

A rendering of the Grove at Grand Bay project

From The Real Deal’s South Florida market report:  Boldly taking on the looming possibility of a bubble, developers are dotting the map with a whole new set of South Florida towers — rising in the shadow of condominium units that, a decade ago, were merely dreams.

A big reason for the new development is that, following the financial crisis, there’s simply greater demand for hard assets, according to Argentine developer Manuel Grosskopf, who is part of a development team with his father, Sergio. “People want to touch the investment,” Grosskopf said. “Now there are more real deals.” [more]