April 12 2017 | Why Related cancel a new 298-unit luxury condo

May 28, 2017

A combination of Miami’s slowing luxury condo market and a landlocked location may have factored into the Related Group’s decision to cancel its planned Auberge Residences & Spa Miami condo tower near the Arsht Center.

The 298-unit project, announced in 2016, was originally slated to break ground in 2017. Last summer, Related said it was pushing back the start date to late 2018, citing a slow market.

Read more here: http://www.miamiherald.com/news/business/real-estate-news/article143948794.html#storylink=cpy

Source & Photo Miami Herald

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