Owners of the 659 residences will be able to rent them short-term or on Airbnb year-round. 

Terra and Fortune International Group plan to develop a 56-unit, luxury-condominium development on the site of the Silver Sands Beach Resort.

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

The 400-apartment community, to be known as The Era, is being developed by Affiliated Development. 

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

Regency Development Group expects to break ground on the 24-residence community in the fourth quarter. 

The 55-condominium tower is almost 60% sold and slated to open in spring 2026. 

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   

South Florida real estate has long led the nation in international investment. South Florida Agent recently spoke with one of Miami’s biggest developers, Fortune International President and CEO Edgardo Defortuna, about the current market.

At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

The 17-story luxury condo tower is over 75% sold.

Ocean580 will bring 17 residences priced from $4.67 million to market, with delivery expected in winter 2027. 

ONE Sotheby’s International Realty is handling sales and marketing for the project, Lincoln Coconut Grove. 

What exactly goes into homebuilding costs, and how do those costs translate to profits for builders — and home prices for buyers?

The three-building development in the Bay Harbor Islands is approaching $100 million in sales and is 50% sold. 

The master-planned community will ultimately bring 2,000 mid-rise and garden-style apartments to the area around West Miami-Dade County’s Dolphin Park-and-Ride/Transit Terminal Facility.