Thursday, June 10, 2021

Miami Developers Focus on the Area around Marina Grande

Riviera Beach Community Redevelopment Agency
 Their Plan to Transform the Area

CLICK HERE for the CRA Website

New Towers to the North & South of Marina Grande

Contact Me for Info

Related Group's New Tower ~2 Miles South of Marina Grande
CLICK HERE for the News Story
Photo dated 10/29/21

Miami's billionaire developer has 2 towers that broke ground in April 2021 and Jorge Perez is doing something way outside the box.  He's renting the first two towers!   Apartments will rent for ~$3 per square foot, ranging from about $2,700 for a one-bedroom unit to "well over $10,000" for a top-of-the-line, 3,000-square-foot penthouse. 

Will he really rent all 399 units in the first two towers or convert to sales after the towers are completed and you can physically walk through them? 

The site is approved for 6 Towers total and you can see them from the pool deck at Marina Grande.

Another New Tower is Breaking Ground on Lake Shore Dr
 ~1 Mile North of Marina Grande & Over $300M are Under Contract as of November 2022.   The developer is also planning to build an adjacent hotel and two more towers to the south.