Before they start building, Miami condominium developers typically wait until about half the units are presold, a process real estate professionals say can often take a year or more. Naftali Group is making a big bet by beginning construction on Jem Private Residences, the New York developer's first Miami project, by pushing forward in less than five months.
New York Developer Bets on First Miami Project, Not Waiting for Critical Mass of Presold Condo Units
Naftali Group Pushes Toward Construction on Jem Private Residences at Miami Worldcenter
CoStar News
April 16, 2024 | 3:24 P.M.
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IN THIS ARTICLE
- Companies
- Naftali Group
Construction
- Brightline Trains Florida LLC
Accommodation and Food Services
- Contacts
- Nitin Motwani
Managing Director
- Art Falcone
Co-Founder & Chief Investment Officer, Encore Capital Management