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Zalewski: development boom underway in Bal Harbour, Surfside, Bay Harbor Islands

December 26, 2012 11:15AM

The St. Regis Bal Harbour

The success of the St. Regis Bal Harbour development in Bal Harbour, which has already surpassed $758 million in sales, has led to a wave of development in both Bal Harbour and surrounding municipalities in northern Miami-Dade County, Condo Vultures Founder Peter Zalewski wrote in the Miami Herald today. With at least 10 condos in development in Bal Harbour, Surfside and Bay Harbour Islands, the area could see almost 500 new units. As The Real Deal reported in August, sales at the St. Regis, which launched this year, are also impacting prices at existing condos in Bal Harbour. [Miami Herald]