(Read more on the multifamilymarket.)

BILOXI, MS-Making its first foray in the local market, a Destin,FL-based developer is preparing to launch construction on a$200-million condominium development. The development team hopes tobreak ground on the 251-unit first phase by the end of theyear.

Situated on nine acres at 2400 Beach Blvd., Revelay will total380 to 390 units at completion. Sterling Development plans to waituntil the first phase sells out before starting the second one.

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