Residential Condo Boom in Sunny Isles, FL
A major real estate redevelopment campaign is taking place on the east side of Collins Avenue, the main thoroughfare in Sunny Isles, FL. Zoning laws now ensure that view corridors and beach access pathways will always offer residents a life with a view. To the west of Collins Avenue, the City is building parks, improving the infrastructure and laying the groundwork for future redevelopment.
According to the Miami Herald, “Developers are proceeding with at least six condo towers — nearly 15 percent of the more than 45 towers proposed for the tri-county South Florida region through July 2012 — with at least 530 luxury units to be constructed in a community that stretches less than 40 blocks along Collins Avenue.”
The 43-story Regalia project, featuring 39 units priced in the range of $6 to $7 million each, is the only condominium tower currently under construction. Other planned projects include the Chateau Beach and the Mansions at Acqualina.
The Sunny Isles strategy is to steadily replace outdated motels with luxury residential oceanfront development. Much of the residential construction is not for year-round occupancy, although statistics show a steady growth in young families who desire to be near the ocean.
This “City of Sun and Sea,” is located on a barrier island in the northeast corner of Miami-Dade County, bounded by the Atlantic Ocean on the east and the Intracoastal Waterway on the west. Almost one million vacationers visit Sunny Isles Beach annually.
South Florida Condominium and Real Estate Attorney
Contact South Florida condominium attorney Marcy Resnik to discuss your need for legal services with a condominium purchase, sale, or business dispute. You can contact Ms. Resnik online or call her at 954-321-0176.
