The project is expected to be different from other area condodevelopments, say insiders, in that many Latin American and otherinvestors often purchase other units at pre-construction prices andturn around and sell them. At Palazzo del Mare, buyers are expectedto live there for a period of time and keep the units longer.
Palazzo del Mare residents will have views of Downtown, theocean and beach; and the island with its golf course. The project'splanned high-end amenities include about a dozen private garages,concierge services and a guest suite off the lobby.
Fisher Island Holdings also owns Fisher Island Realty, which ishandling sales for Palazzo del Mare. The project was designed byRobert M. Swedroe Architect Planners of Miami Beach. Agroundbreaking is reportedly scheduled for late this fall, withcompleted expected in 2006.
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