The Real Deal Miami

Related condo project could be 19th new tower to rise in Brickell

February 18, 2013 03:00PM

Related’s Jorge Perez and Brickell

If the Related Group pushes onward with its plans for a condo-hotel in Miami’s Brickell neighborhood, it would make for a total of 19 condominium towers developers have planned for the Downtown area, according to a new report cited by the South Florida Business Journal. 

Although nothing is currently nailed down, Related is considering bringing a mixed-use building composed of 400 condo units and 132 hotel rooms to Downtown Miami.

“Several developers are proceeding aggressively to tap into the reportedly strong buyer demand for preconstruction condos in South Florida at a time when unsold unit inventory from the tri-county region’s last boom-and-bust cycle is currently on pace to sell out as early as 2014,” Peter Zalewski, principal of Condo Vultures, said. [South Florida Business Journal]Christopher Cameron