A new residential real estate development will add 354 luxury condo units across twin towers in Miami’s Brickell Financial District. Miami-based Integra Investments and condominium developer Related Group announced plans for The St. Regis Residences, Miami, this week.

“November’s housing starts report signals strength for the housing market.”  — First American deputy chief economist Odeta Kushi

Habitat Group announced today that it is launching sales for Smart Brickell Tower 3, the third and final condominium in the firm’s Brickell development project. 

Pre-leasing began today for Society Biscayne, a social living community in Downtown Miami expected to open in the spring of 2022. 

Miami got its first glimpse of The Standard Residences, Midtown Miami, during a recent launch celebration held at The Standard Spa Miami Beach, according to a press release. Hosted by The Standard International Executive Chairman Amar Lalvani and Rosso Development CEO Carlos Rosso, the event showcased a preview of the hotel brand’s first-ever residential residences.

Standard International and Rosso Development recently announced the launch of The Standard Residences in Midtown Miami, the first of its kind in the area, according to a press release.

The Estate Companies (EIG) and PTM Partners (PTM) have announced the completion of Soleste Grand Central, a 360-unit rental development located at 218 NW 8th St.

A new elevated waterfront estate on Miami Beach’s Rivo Alto Island is up for grabs for $25 million. Danny Hertzberg of The Jills Zeder Group is representing developer Francisco Perez Yoma, founder of Empresas FPY, one of the largest construction and real estate groups in Chile, according to a press release. 

The Okan Group has relaunched sales on Okan Tower: a 70-story, mixed-use building at the heart of downtown Miami.

Sales have launched for units in Brickell’s new 35-story luxury condominium complex. Led by Harvey Hernandez, Newgard Development Group will construct the building under its newest brand name, Lofty Miami.

November’s reading of 83 was up three points from October, driven by low existing inventories and strong buyer demand, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.

Housing observers noted that demand for housing remains robust despite the lack of new supply.

MG Developer recently broke ground on Metro Parc, a new 10-story residential apartment complex in Hialeah. 

“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power.” — First American Deputy Chief Economist Odeta Kushi

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

A $120 million expansion of the Aliro Apartments development in North Miami Beach, is expected to break ground in early spring of 2022, according to a press release. FINFROCK will serve as the project’s architect, structural engineer, precast concrete