What a difference a year makes. Miami’s fledgling condo comeback of early 2012 has evolved into a full-blown stampede, with developers racing to acquire developable sites and launch new projects and international buyers snapping up units ‘sight unseen.’
All the talk of Miami’s rise to prominence as an international city came to a head last night as hundreds of Miami’s business and civic leaders gathered at 1450 Brickell Avenue for “Going Global,” a panel discussion exploring all that’s fueling the Magic City’s growth.
Submitted by Aaron Gordon on Wed, 05/16/2012 - 1:30pm
Great read from Forbes exploring the role that foreign buyers are playing in Miami's real estate comeback. One of the new residential towers rising, the 374-unit BrickellHouse (@BrickellHouse), has already seen 50% of its condo product fly off the shelves. The activity is being fueled primarily by buyers from Brazil, Venezuela, Mexico, Russia, and Asia.