Marina Palms on CNBC Realty Check

Defying Gravity: Miami Condos Soar Again

Marina Palms played host to a very special guest March 19, 2013, as CNBC Realty Check correspondent Diana Olick visited the site for a special piece on the state of Miami’s real estate market.

The segment, which aired live in the morning and afternoon, highlighted the soaring state of affairs in Miami real estate development. Marina Palms Developer Neil Fairman, Principal of the Plaza Group, was interviewed in the new sales center and also featured in the segment.

Internationals Fuel the Redevelopment Boom – Cash Sales Leading the Way

Much of the credit for the current boom in the Miami real estate market is given to international buyers, many of whom are coming from all over the globe with cash-buying intentions.

At Marina Palms, buyer interest can be found coming from Canada, Mexico, Russia and Europe, as well as several South American countries like Argentina, Brazil, Colombia and Venezuela. In fact, the interest is so large and from so many places, it is more than anyone could have expected.

“There’s an enormous demand. We actually didn’t think the demand would be as strong as it is today.”

– Neil Fairman, Principal of The Plaza Group

Watch the video segment below and read more from the story by visiting the following link.

“…there are just 2,400 unsold units left, barely a year’s worth at the current sales pace. Prices are up nearly 25 percent from a year ago, according to the Miami Area Association of Realtors.”

– CNBC Realty Check

Read More: Defying Gravity: Miami Condos Soar Again

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 by calling our sales team toll-free at (866) 338-5643 for more information.

For daily updates and project news, follow Marina Palms on social media by visiting the Official Marina Palms Facebook and Twitter pages.

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