MIAMI- With demand outpacing supply in Downtown Miami, residential developers are once again coming off the sidelines to build. Newgard Development Group announced last week the launch of the $170 million, 374-unit BrickellHouse condo in the upscale downtown neighborhood of Brickell. Newgard expects to break ground in the second quarter of 2012. The Related Group also recently launched MyBrickell, a mid-priced condo set to break ground early 2012.
But what’s going to be different as we enter what appears to be the beginnings of the next condo boom? GlobeSt.com caught up with Harvey Hernandez, chairman and managing director of Newgard Development Group, to talk about that and other issues surrounding new condo developments in the urban core.
LeClaire: What surprises you most about downtown Miami’s rapid condo comeback and the flurry of new development activity planned?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
