Posted May 10, 2013, 7:03 PM
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Registered User
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Join Date: Jul 2005
Location: Miami
Posts: 4,102
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Looks like this one will sell out quickly and get built:
http://therealdeal.com/miami/blog/20...arly-sold-out/
Quote:
Miami’s tallest condo tower to-be nearly sold out
May 09, 2013 02:00PM
By Emily Schmall
Although Echo Brickell is not set to be completed until 2017, all but the priciest units in the planned 60-story condo tower have been snapped up.
A month after the condos went on sale, only about 50 units on the tower’s top floors of a total 190 units remain, and these will be sold in a second, exclusive release, Ryan Shear, developer Property Markets Group’s managing partner in South Florida, told The Real Deal.
“We’ve sold out everything that was on the market,” Shear said.
The 750-foot tower, conceptually designed by renowned Uruguayan architect Carlos Ott, will be Miami’s tallest residential building.
Miami condo prices are soaring as demand, particularly from foreign buyers, far outstrips supply.
Much of the new inventory — including at Echo Brickell — is being financed by what has been dubbed the Latin American model, where buyers pay much of the construction costs up front, along with high initial deposits.
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