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]