MIAMI—Many of the new condos coming to market in this cycle have retail on the ground floor. There are pros and cons to this mixed-use development approach.
On the upside, ground-floor retail could be an amenity for condo owners and tenants. But the developers and retail new unit owners face challenges when transferring ownership.
GlobeSt.com sat down with general contractor SPACiO Design Build's Alex Wertheim how to mitigate these challenges in part three of this exclusive interview. You can still read parts one and two: Softening Your Exposure to Miami's Fluctuating Real Estate Market and Building a Decorator –Ready Condo to Win Budget-Minded Tenants.
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