Miami Luxury Condos Going To Wrecking Ball!
Posted: March 11, 2018 | Source: www.miamiherald.comA Russian developer has spent $48 million to buy out the owners of 25 Bay Tower, a 1970’s Miami condo building and will soon start construction of a brand new project. The developer spent a year negotiating buyouts of the 61 owners in the building with Biscayne Bay views paying about double the value of the units. OKO Group will soon demolish 25 Bay Tower and replace it with a 47-story highrise. Prices are expected to range from about $1 million to over $5 million.