“They're all coming here because they seem to think this is the next Singapore. This is the next London. This is the next great global city. “
Miami Real Estate Consultant Peter Zalewski
Few people track Miami development closer than Peter Zalewski. He runs Cranespotters.com, a business that keeps tabs on all the new construction proposed in downtown Miami.
In an area that covers less than 4 square miles, he notes, there's a lot going on. In "downtown Miami, we're looking at 69 towers, 18,400 units," all residential condominiums, Zalewski says.
Today's new boom is adding more condos, as well as commercial, retail and entertainment properties, at a dizzying pace.