
Development
Feb 23, 2023
Miami dev site prices nosedive in second half of 2022
Price per acre dropped to $19M in fourth quarter, after peaking at $40M in second quarter
Suffolk alleges Trump Group is intentionally trying to sabotage the project; Jules Trump calls that “illogical” and “counterintuitive”
New York-based developer plans 10-story building with 97 apartments and 6K sf of restaurant and retail space
Net absorption plunged there last year, but rose in Miami-Dade, Palm Beach counties