Developing this luxury project at 120 Ocean Drive is none other than The Congress Group, a Boston based company known for it’s overtaking assistance of Bentley Bay construction struggles in 2003 along with the Miami based Architect Bermello Ajamil & Partners Inc. Kallisto at SoFi is scheduled for completion in NOV 2010 and construction will begin 4Q this year.
“This kind of product is not affected by the real estate crisis,” says Fabiana A. Bosca, director of project sales for Kallisto, when asked about developing such a project during the multifamily sector slump. “If you look at the statistics as to where sales are-and where sales are not-in this vast inventory of condominiums in Dade County, you will learn at the very high end of the market, units at $5 million plus, sales are moving along very briskly,” says Stephen Nostrand, executive vice president of Colliers Abood Wood-Fay in Miami. “The folks looking to buy those types of residences are typically insulated from most and any economic issues that the rest of the market is feeling.” – GlobeSt.com
We all know this will be a highly desirable building and surely to succeed in selling out as we found with Apogee Condos (Apogee “Sold” Price Per Square Foot Averages $1,239!) who many speculated would not do well based on the price and location (not even oceanfront). For more info on this new development or to schedule a meeting with the sales team, simply call the toll free number below or direct 1.305.978.7704. Oh btw, if you haven’t subscribed to this blog yet, do it now! If you’d like new blog updates once available, you can be notified by email or by RSS feed (see upper left column) every time a new posting occurs. 1.888.38.DREAM