Over 80 new condo towers under construction in South Florida


More than 80 towers are currently under construction east of Interstate 95 in the tricounty region of Miami-Dade, Broward and Palm Beach.

According to a news report by Miami Herald, nearly seven dozen new condo projects currently under construction in South Florida are in addition to the 20 towers that have already been developed since this current real estate cycle began in 2011.

Over 80 towers are now seeking the necessary local governmental approval to build. An additional 122 towers have been approved and are working to generate enough presale contracts with hefty deposits of up to 50 percent of the purchase price to warrant the launching of construction.

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