Flamingo South Beach buyers of the North Tower are getting back their deposits. The Flamingo Miami Beach conversion developer is giving back deposits in the north tower of the Miami Beach real estate complex because the developer hasn’t determined closing dates.
The sales in the Flamingo north tower stalled at 200 with the market downturn of 2006. “We don’t know when the building will be converted to condo,” Lerner said of the 614-unit north tower. “We have to hit a critical number before we start converting.” – South Florida Business Journal.
The north tower will continue as a rental building until the sales meet a threshold. This will continue with the central tower, the newest and Flamingo’s sought-after crown jewel. Consumer attention will now be redirected to the south tower, which has nearly sold out of the 562 units.
Flamingo South Beach Condominium
Flamingo South Beach condominium is a luxury residential complex located in the heart of South Beach, Miami. The complex features 1,688 units in four buildings, with various spacious floor plans ranging from studios to three-bedroom apartments. These iconic buildings are situated on a sprawling 16-acre waterfront property. It offers stunning views of Biscayne Bay and the downtown Miami skyline.
Flamingo South Beach Amenities
The complex offers a range of amenities, including a fitness center, swimming pools, hot tubs, tennis courts, basketball courts, and a beach volleyball court. There is also a convenience store, beauty salon, dry cleaners, and a restaurant on the premises, making it easy for residents to access everything they need without leaving the complex.
Flamingo South Beach Location
Flamingo South Beach is located just a few blocks from the beach, Lincoln Road Mall, and the nightlife of Ocean Drive. The complex is also just a short drive from Miami International Airport and the Port of Miami, making it an ideal location for travelers and commuters.
Flamingo South Beach offers luxury living in one of Miami’s most sought-after bayfront neighborhoods. Its stunning waterfront location and comprehensive amenities make it the perfect place to call home.
I’d love to hear from you if you’ve invested in the Flamingo complex. Feel free to comment on the Flamingo Tower conversion or contact me here.
Today feb 21/08 I went to the sales office and they are saying that this is not true and that they are not giving deposits back, I wonder if someone else was able to get the money back and how did he/she did it! please post
its was printed in the south florida business journal…. but don’t’ know anyone as of yet