Real Estate Developers Offer Proposals To Bring New Miami Beach Condos Into The City
People have been talking about the numerous condo development projects which are expected to set rise within Downtown Miami. But even other parts of the region have captured the eye of real estate developers as proposals have been made for additional Miami Beach condos to be developed within the neighborhoods of Middle Beach, the South of Fifth and South Beach.
According to reports, the real estate developers that have their eyes set on the city of Miami Beach are The Related Group, Crescent Heights and Lionheart Capital whose intentions to step in during such a timely phase for the Miami real estate market have not yet been approved. Nevertheless, the approval of their proposals could signify an additional set of hundreds of new Miami Beach condos which people can expect to find on the property market within two to five years.
• The Related Group is focused on a site along South Pointe drive within the South of Fifth neighborhood which involves a mixed-use project which will be home to only 32 exclusive residential properties.
• Crescent Heights is also planning to develop a mixed-use project which will provide at least 200,000 square feet of condo space in the neighborhood of South Beach at the intersection of Alton Street and Fifth Street.
• Lionheart Capital, on the other hand, is looking to develop a multi-family residential project at the nine-story Miami Heart Institute medical facility which is located along Alton Road and 48th Street.
Given the fact that real estate developers are very enthusiastic about their endeavors within Miami, it is clear to see that there is definitely a lot of people who want in on the opportunity to be a part of the next big wave of condos within the region.
It goes without saying that there will have to be a lot of patience involved for both property buyers as well as real estate developers since it will take a few years before any of these construction projects will reach completion, especially since their proposals have not even been approved.
Nevertheless, property buyers have every reason to look forward to the replenished inventory of options which is expected within the region. If you happen to be hoping to get your hands on the best Miami Beach condos possible, you should get in touch with a real estate agent that can tell you more information about available options as well as how you can make the most of today’s property market even before these new developments rise.
Yaz Morgan
Miami Beach Condos
