A rendering of the planned 49-story, 646-unit X Biscayne tower developed by Property Markets Group at 400 Biscayne Blvd. Credit: Rendering by Sieger Suarez Architects LLC.
➤➤ Join the GlobeSt.APARTMENTS (formerly RealShare) conference October 29-30 in Los Angeles. The event will analyze the opportunity in the emerging trends and conditions of the multifamily market. Don't miss out on joining the 1000+ of the industry's top owners, investors, developers, brokers and financiers as they gather for THE MULTIFAMILY EVENT OF THE YEAR! Click here to register and view the agenda.
Developers are doubling down on multifamily projects in Miami, the only major South Florida city to see a notable increase in new construction this year.
The Miami boom is balanced against a South Florida slowdown. About 13,030 units are expected to be delivered this year, down 3% from last year, the study found.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
