Comments on: 2007 Third Quarter Construction Tour: Brickell http://bobmiami.wordpress.com/2007/07/02/2007-third-quarter-construction-tour-brickell/ Ongoing Coverage of Miami's Urban Transformation Mon, 05 Dec 2011 17:11:34 +0000 hourly 1 http://wordpress.com/ By: Matt Heitzenroder http://bobmiami.wordpress.com/2007/07/02/2007-third-quarter-construction-tour-brickell/#comment-6123 Tue, 03 Jul 2007 13:37:35 +0000 http://bobmiami.com/2007/07/02/2007-third-quarter-construction-tour-brickell/#comment-6123 SO do you think that is an indicator that there is/was too much development?

I read an article the other day that there might be as much as 85% investors/speculators buying the condos in the MIA market.

]]> By: Xavier Zayas-Bazan http://bobmiami.wordpress.com/2007/07/02/2007-third-quarter-construction-tour-brickell/#comment-6117 Mon, 02 Jul 2007 15:17:00 +0000 http://bobmiami.com/2007/07/02/2007-third-quarter-construction-tour-brickell/#comment-6117 Its hard to say which ones are scrapped until the developer puts out the plans and plot for sale. Naturally, they want to avert the financial and reputation damage so will explore all avenues prior to officially scrapping the project. In the meantime, the site sees little to no activity. For all we know, many more have actually been scrapped.

]]> By: Juan Ortega http://bobmiami.wordpress.com/2007/07/02/2007-third-quarter-construction-tour-brickell/#comment-6115 Mon, 02 Jul 2007 14:07:01 +0000 http://bobmiami.com/2007/07/02/2007-third-quarter-construction-tour-brickell/#comment-6115 Matt,

Presales are probably very slow or nonexistant for the scrapped/stalled projects. A developer can’t obtain construction financing without presales…

]]> By: Matt Heitzenroder http://bobmiami.wordpress.com/2007/07/02/2007-third-quarter-construction-tour-brickell/#comment-6114 Mon, 02 Jul 2007 13:54:11 +0000 http://bobmiami.com/2007/07/02/2007-third-quarter-construction-tour-brickell/#comment-6114 Why do you think it is 5+ buildings got scrapped and so many others are not showing any activity?

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