The exploding Miami real estate market has lead to a squeeze on inventory but also a boom in new developments to try and meets the demand for housing in the city.
With some many new developments popping up all over the Magic City, Douglas Elliman has decided to open a branch of its highly successful rental division in the South Florida market.
Douglas Elliman Development Marketing or DEDM, has been operating in New York and will now kick off its new outpost by handling the marketing and leasing of two new projects in the Miami real estate market.
The first project is Clara Bay Harbor. The newest development from Clara Homes will consist of a six-story, 28-unit luxury apartment building the first of three planned buildings on the property with 150 total units planed for the future. The first phase is set to open next summer.
The second project will be in the Miami River District with the Chetrit Group leading the efforts. The secured a $310 million loan for a massive $1 billion mix-use mega development. It will feature 1,800 residences, retail space and office space as well.
The booming Miami real estate market is always in good hands with Douglas Elliman.