The Related Group’s newest development, condo tower Apogee Beach, was originally planned to break ground in January 2012. Yet, with the positive initial responses from buyers, the developers have decided to move up the construction dates–and the asking price.

Since presales for the Apogee Beach units began in the second quarter of 2011, buyer interest levels have been steadily increasing. The positive buyer response has pushed developers to accelerate the construction schedule as much as possible, as well as raise the asking price and collect a larger deposit from each purchaser entering into a preconstruction contract.

The project, according to CondoVultures.com, was supposed to break ground in January 2012, with the completion date set around August of that year. Yet, a recent report from CondoVultures.com states that nearly 40 percent of the units have already entered into some kind of preconstruction contract. This positive response has prompted developers to start construction much sooner–as soon as this month. If ground is broken in November 2011, the completion date will be bumped up to May 2012.

Originally, Apogee Beach units were slated to sell around the average price levels for the market, starting at $350 per square foot, with a 70 percent deposit. Now, the lowest asking price is set at $382 per square foot with an 80 percent deposit. This can all be compared with the 20 percent deposit rate that was prevalent during the 2003 condo boom.

The condo tower will be comprised of five different floor plans and slightly differing layouts. The units will range from two bedrooms to five bedrooms. The project will have 23 stories at the time of its completion.