http://video.cnbc.com/gallery/?video=3000155478
Highlights:
-103 towers, 15,000 units proposed
-16 towers already built
-Mostly driven by foreign investors, primarily from South American (Venezuela, Brazil, Argentina), Canada, and China
This related article also helps frame the discussion. from March 2012
http://www.businessweek.com/articles/20 ... ndo-market
Highlights:
-Price per square foot is far cheaper in Downtown Miami than other large metros in Latin America
-These foreign investors can afford to make large down payments (usually half the cost of the unit and that typically means in excess of $250K)
Brickell CityCenter
Swire Properties, based out of Hong Kong, is undertaking a $1.05 billion, 9.1 acre mixed-use development in the heart of the Financial District Downtown Miami called Brickell CityCenter.
http://brickellcitycentreconnect.com/
Project Highlights:
-520,000 sq ft shopping center
-120,000 sq ft of office space
-800 condos in two towers
-243 hotel rooms
-93 serviced apartments
-3,100 parking spaces (two-level underground parking garage that spans 7 acres)
-Estimated completion: end of 2015
Swire wants to build an 80-story, 1,102 sq ft mixed-use tower as an addition to the previous plans listed above. WTF!?
http://www.miamiherald.com/2013/09/20/3 ... tower.html
Something tells me it's a great time to be in the crane business in South Florida today.
![Wink ;)](./images/smilies/icon_e_wink.gif)