The project's one-, two- and three-bedroom residences are pricedfrom a little less than $200,000 to $2 million. The residences,located along Biscayne Bay in the city's growing arts district,will feature views of Biscayne Bay, Miami Beach and Downtown. Withmany new residential developments going up or planned, the artsdistrict is a rapidly growing area, according to Edgardo Defortuna,president of Fortune International, the exclusive brokeragehandling sales and marketing for the 1800 Club.

Brett Chwick, director of multifamily brokerage for locallybased Terranova Corp., says population growth is driving the boomin condo activity in the area. "As long as you have positivepopulation growth and a healthy interest rate environment, thestrong market will continue," he says. This is due to the lack ofavailable single-family land. "For the most part, Miami has verylittle single-family home land left," he says. Developers can'tbuild to the west of Krome Avenue or the Turnpike, he points out."New homes have to be density construction. The place to build highrises is the city center area."

The demand is apparent, he adds. "They keep selling them(condos)," he says.