A New Condo Boom Revives the Housing Recovery

Marina Palms Yacht Club & Residences on NPR

Anthony Burns, Principal of the DevStar Group, interviewed

The Miami Condo Market is surging once again. With inventory at one of its lowest points in years, and international buyers from Canada, South America and Europe eager to own a home here in Miami, several new developments are on the horizon.

Of them is Marina Palms Yacht Club & Residences, completely unique in its offering of a prime location between Fort Lauderdale and Downtown Miami, featuring a full-service Marina, white-glove amenities, high-end finishes and unparalleled, personalized services – a mix not seen in Miami-Dade County for more than 20 years.

Read below an excerpt from the NPR piece, and visit the link to listen to the interview in its entirety.

“For now, it’s a market made up almost entirely of international buyers. And for domestic buyers — used to traditional home financing — requiring a 50 to 80 percent down payment is a hard pill to swallow.”

But Anthony Burns, one of the developers of Marina Palms, says he thinks it’s only a matter of time before this new boom convinces banks it may be safe to dip back into Miami’s condo market.”

‘They’ve been licking their wounds for a long time from the crash that happened down here in Miami,’ he says. ‘But nothing will get them back in the market faster than seeing the success stories of these first projects that are going up.'”

Read and listen to the full article: In Miami, A New Condo Boom Revives Hopes Of Housing Recovery

About Marina Palms:

Marina Palms, a project being developed by affiliates of The Plaza Group and The DevStar Group, is comprised of two towers, each 25 stories tall, with a total of 468 units. A full-service yacht club and marina will feature 112 boat slips for yachts up to 90 feet. Marina Palms is the first Miami luxury real estate development with full-service marina/yacht club to be built in Miami-Dade in the past 20 years.

Located at 172nd Street and Biscayne Boulevard in North Miami Beach, Marina Palms Yacht Club & Residences will offer amenity-rich living, unparalleled services and a boating lifestyle designed for yachting enthusiasts. With one million sq. ft. of livable space fronting a waterfront promenade, the residential development will entice any buyer in search of luxury waterfront living.

Every two-, three- and four-bedroom Miami condos and penthouse in the two-tower Miami waterfront development will offer luxury amenities such as butler service, infinity-edge pool and hot tub, a state-of-the-art gym, a spa with treatment rooms, a sauna, a steam room and workout studios, a news café, club room with bar, billiard table and 100” plus TV, children’s playroom and teen lounge and secure, gated access with 24-7 valet service.

Discover more about Marina Palms Yacht Club & Residences and its North Miami Beach condoscontact our sales team online, or call (866) 338-5643 for more information.

For daily updates and project news, follow Marina Palms on Facebook and Twitter.

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