Posted May 13, 2014, 8:46 PM
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Join Date: Jul 2013
Posts: 49,413
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Jade Signature developer scales down project
Quote:
As competition for buyers intensifies in Sunny Isles Beach, where 14 new condo towers are proposed, developer Edgardo Defortuna is reducing the number of units, square footage and parking spaces in his Jade Signature tower under construction in the city.
Citing “recent changes in the marketplace,” the developer – in a letter submitted by attorney Clifford A. Schulman of law firm Weiss Serota Helfman – filed a “major site plan modification” request seeking formal approval for the changes from Sunny Isles Beach commissioners. The application is on the agenda for Thursday’s commission meeting.
The Jade Signature modification request calls for the elimination of 31 condo units and seven parking spaces in the 56-story tower at 16901 Collins Avenue, which is immediately south of a pair of condo towers – Jade Ocean and Jade Beach – that were previously developed by Defortuna.
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http://therealdeal.com/miami/blog/2014/05/13/jade-signature-developer-scales-down-condo-project/
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