New Construction

La Costa evacuated, and Mast Capital buys with plans to demolish
La Costa evacuated, and Mast Capital buys with plans to demolish

Mast Capital acquired a majority of the units at La Costa on Miami Beach for more than $100 million in May before the order to evacuate the unsafe structure. They plan to build a luxury tower on the site of the oceanfront condo building that was ordered evacuated by the city.

$52.8M construction loan secured for second phase of ALINA Residences
$52.8M construction loan secured for second phase of ALINA Residences

ALINA Residences in Boca Raton secures $52.8 million loan for second phase of construction.

Miami based Condos.com launches
Miami based Condos.com launches

Condos.com launched and is a real estate sales website dedicated to new and pre-construction condominiums.

Waldorf Astoria Residences Miami celebrated the grand opening of the first-of-its-kind experiential sales gallery
Waldorf Astoria Residences Miami celebrated the grand opening of the first-of-its-kind experiential sales gallery

Developer PMG and partners officially unveiled the multi-million dollar, first-of-its-kind Waldorf Astoria Experiential Sales Gallery for Waldorf Astoria Residences Miami at a ceremony on June 17th.

Monaco Yacht Club & Residences welcomes luxury real estate expert, Belinda Andretti
Monaco Yacht Club & Residences welcomes luxury real estate expert, Belinda Andretti

Monaco Yacht Club & Residences has announced that Belinda Andretti has joined their sales team.

Housing starts rise in May, but building permits fall
Housing starts rise in May, but building permits fall

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

First large-scale Downtown Miami Opportunity Zone development begins leasing
First large-scale Downtown Miami Opportunity Zone development begins leasing

Soleste Grand Central has launched leasing sales and is scheduled to complete development by the end of 2021.

Could zoning changes help boost supply and balance the market?
Could zoning changes help boost supply and balance the market?

With high costs slowing construction and potentially lowering homeownership for many, easing zoning rules may be the most effective way to increase the supply of new housing.

Condominium sales launched at Waldorf Astoria Hotel and Residences Miami
Condominium sales launched at Waldorf Astoria Hotel and Residences Miami

Condominium sales have launched for the 360 residences at the Waldorf Astoria Hotel & Residences Miami which will rise 100 stories with the shape of nine spiraling offset glass cubes. The estimated development cost for the project is $970 million with a completion date of 2025.

NAHB: Builder confidence stays strong in May despite concerns about materials costs
NAHB: Builder confidence stays strong in May despite concerns about materials costs

Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

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