Creating Condo Demand From Short Supply Of Waterfront Property




The Florida Roundup | WLRN show

Summary: Real estate in Miami-Dade County has ebbed and flowed according to the waters bordering it – the tenet of location, location, location. The tide has since turned, though. The city is looking upward, building condos that tower above the ocean. But the supply of waterfront property is eroding. This has led some real estate developers to buy condo buildings, tear them down and replace them with something bigger and newer. The process is called condo termination . Not all South Floridians are