"investment protection"? That is a common falacy. Check out South Pointe Towers with the east views now that their view is "blocked" by the Continuum. Property values don't go down when a newer building is built next to it.logybogy said:The list price is $1,149,000.
I like these units because they offer investment protection against blocked views. Miami Beach has a 200ft height limit now and these buildings were built before that limit in an area where they tower over everyone else. These views are absolutely unblockable.
Yeah...I got that. You wondered what an apartment might go for. That inspired me to reach back into my file cabinet to se what people paid pre-con. Someone in the forum must be interested.logybogy said:Roark, the akoya unit I posted about is #4003. MLS: M991953
Yeah...you may be on to what I'm talking about...I sold a South Pointe tower condo for $390,000 at right about the time that they announced Continuum.logybogy said:Well, if I paid a shit load of money for a condo with ocean and bay views and a new building came up and blocked them, i wouldn't be a happy camper. But I guess unblockable views should more aptly be described as "enjoyment protection."
You remember well.logybogy said:I remember the Akoya project (was called White Diamond originally) was selling units as far back as the late 90's and then they stopped construction because the developer got into bankruptcy or foreclosure or something?
I think it was 1997 or so that David Dermer spearheaded the "Save Miami Beach" effort against high rises south of fifth. He was a commission,and is now Miami Beach's Mayor. Buildings approved were gradfathered (Murano, Murano Grande, Icon, Continuums, Bath Club, Setai, and a couple others that I may be forgetting.lauderdalegator said:I didn't know Miami Beach had a new height limitation. Is that part of what's driving tower construction downtown? How long ago did that happen?