South America boom in Miami


Sunny Isles Beach condos for sale

The southern continent of Latin America has a new vested interest in the Miami real estate market. Developers from places like Argentina are declaring their faith in the wealth of potential for the Miami condominium real estate market and are driving their experience and efforts in that direction.


Consultatio, a development and financial firm under the supervision of Eduardo Constantini has already taken steps to become a part of the new condominium boom in South Florida. In February of last year, the firm broke ground with the $250 million Oceana condominium venture in Key Biscayne. Drawing the appeal of Latin American investors from Brazil, Venezuela, and Colombia and surging with the promise of success, the firm then continued to purchase the Bal Harbour Club for $220 million in June of 2012. Consultatio intends to knock down the structure and start anew with plans for 250 new condominiums to be priced over $2 million apiece.


The firm is principally guided by their strong belief in the market as Constantini has freely discussed his faith in the Miami region for condominium real estate investment appeal. Bal Harbour is one of the South Florida areas many recognize as being underutilized and further oceanfront condominium construction could boost real estate values in the region and improve the market overall. Condominiums in the area that will also benefit and prove to be key developments to invest in are the St. Regis Bal Harbour and the One Bal Harbour Residences.


Developed in conjunction with the Sieger Suarez Architectural Partnership, theSt. Regis Bal Harbour is truly a stunning structure to behold. This group thoughtfully designed the guest rooms and suites of the condo-hotel with unobstructed ocean views that let you fully revel in the gorgeous site of the development. The rooms contain designs that reflect several artful styles gracefully, such as the modern Art Deco and even the neo-Baroque flairs of Miami renowned architect Morris Lapidus. All of these unique styles harmonize together beautifully to form a soothing atmosphere reminiscent of the tranquility of the sea.


Expertly designed by the award-winning architect group Nichols, Brosch, Sandoval, and Associates, the One Bal Harbour residences are also worthy of attention. The architects devised the structure in a way that would permit each condo investor to see the most stunning Ocean and Intracoastal views regardless of their particular unit. There is also a truly private feel in the condominiums on account of the architecture that allows for only a small number of units per floor, thereby reducing noise and increasing security. Much like the luxurious Turnberry Ocean Colony of Sunny Isles, which only contains four units per floor, this site’s thoughtful design permits for a highly pleasurable an exclusive residential experience.


Developers from other parts of the world, notably Latin America, are choosing to invest now in the creation of new Miami condominiums. They are guided by a firm belief in the enormous potential of the market and their efforts will continue to draw foreign real estate investors who will help drive up market values. Now is a perfect time to invest in luxurious oceanfront real estate in South Florida as the new building boom begins.



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