A different kind of condo boom

New residential buildings are popping up across Miami and buyers are pouncing.

With the condo market in full swing, Telemundo 51 reports on how this boom differs from the last real estate cycle and how it’s reshaping communities in South Florida. From Downtown Miami and Miami Beach, to Coconut Grove and Doral, buyers are attracted to the lifestyle and amenities these new projects are adding.

Watch the Telemundo 51 segment in it’s entirety, or check out each clip below:

Miami Downtown Development Authority and Cervera Real Estate’s Alicia Cervera discuss lessons learned from the 2008 real estate bubble burst and how the new rules of engagement won’t let it happen again.

A financing structure commonly found in Argentina was brought to Miami by the Melo Group. Carlos Melo shares how this new financing model is revolutionizing and stabilizing Miami’s real estate market.

Spreading the love around Miami, Terra Group’s David Martin discusses the growth potential in communities like Coconut Grove and Doral, where he is building new luxury condos and single-family homes.

13th Floor’s Rey Melendi discusses the necessary amenities to make a residential property stand out from the rest, especially in a hot market like Brickell where the firm is building the project 1010 Brickell.

Technology is certain to play a fundamental role in the future of Miami’s urban core.  Newgard Development Group’s Harvey Hernandez shares how he is embracing technology in his residential projects.