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Here's a headline that may sound familiar: Miami is in the middle of a condo boom.
Just seven years ago, Miami had a similar surge in condo construction. But it all came crashing down. There was an international banking crisis and the Florida real estate bubble burst — taking down investors and many developers.
But, new towers are once again reshaping the city's skyline.
Peter Zalewski, a real estate consultant with Condo Vultures, says there now there are 19 condo towers in the works with 7,000 total units in Miami, Fla.
U.S.
Miami's Condo King Changed City's Skyline