Archive for August, 2007
Official Plaza on Brickell website is down
I was just looking for the phone number for the sales office, and like everything, I look online. I noticed that http://www.theplazaonbrickell.com is parked! I don’t know what to say…discouraging…to say the least. If The Related Group can’t even keep the website up…how are buyers going to find them? Did they just give up? Hard [...]
Posted: August 31st, 2007 under Uncategorized.
Comments: none
Update on Plaza
I just called the sales office and here is the update. Since selling out all the units, they have resold 163 units. According to them, 10 units were sold in the past two months. Closing is still scheduled for December of 2007 but because my unit is on the 45th floor, closing will probably [...]
Posted: August 30th, 2007 under Uncategorized.
Comments: 2
Condo Vultures: What do they expect?
I keep wondering what the condo vultures expect to gain from their purchases. How much lower than market value? Just read this article about Peter Zalewski with some examples:
A Colombian doctor put down nearly $1.3 million on 12 condos. That’s $108k per condo….CHEAP!
A two-bedroom, 2.5-bath, bayfront condo listed for $495,000 and appraised for $550,000 [...]
Posted: August 27th, 2007 under Uncategorized.
Comments: 1
Della Casa Sues Related Group
The kitchen designer and supplier for several of ‘The Related Group’ projects is suing the The Related Group, possibly delaying the delivery of the condo. The construction in question is The Apogee, a super high luxury condo located in one of the most exclusive parts of Miami Beach. They are alleging that the Related Group [...]
Posted: August 20th, 2007 under Uncategorized.
Comments: 2
Optimism for Florida Housing Market!?
Oh how I love to read good news about the housing market. Today I read some good news about the housing market in Florida.
Posted: August 14th, 2007 under Uncategorized.
Comments: none
Condo Auction
I was shocked to hear that an auctioneer in Miami can sell 20 condos a day. I guess if the price is right… I was equally shocked to learn that even though the number of condos sold has dropped by 52% from last year this time, the prices have increased by 7%. The current median [...]
Posted: August 13th, 2007 under Uncategorized.
Comments: none
Finally a developer in trouble
With all the chaos going down in my life with this condo, it seems that the developers are oblivious to what’s going on. Everywhere I turn around there are plans for new condos. More condos!?!?! In the case of The Related Group, they sold out on all their units and will do quite well this [...]
Posted: August 6th, 2007 under Uncategorized.
Comments: none
