30,000 new condos now proposed in South Florida
Ugo Colombo’s new Brickell project adds more than 500 units to region
April 22, 2014 12:00PM
By Peter Zalewski
Developers are now proposing more than 30,000 new condo units east of I-95 in the tri-county region of South Florida.
......nearly 78 percent – proposed for South Florida are now slated to be developed in Miami-Dade County, according to the preconstruction condo projects website CraneSpotters.com (For disclosure purposes, my firm operates the website). Broward County accounts for nearly 13 percent of the South Florida total and Palm Beach County represents about nine percent of the newly proposed condo units for the tri-county region.
When converted from percentages to total numbers, Miami-Dade is now slated to receive 149 new towers with nearly 23,700 units, compared to 41 new towers with less than 3,950 units in Broward and 35 new towers with less than 2,900 units in Palm Beach. It should come as no surprise that Greater Downtown Miami is home to the greatest number of proposed projects, with 53 towers and nearly 15,200 units. The market now accounts for nearly 50 percent of the total number of new units proposed for all of South Florida as of April 21.
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