Posted by Mark Washburn on Tuesday, May 24, 2005 at 12:31 AM By Mark Washburn / May 24, 2005 Comment
Miami pre-construction parties spare no expense The nutty Miami condo market is getting even crazier with the pre-construction parties that developers are throwing to create a buzz about new projects. With 70,000 condos on the drawing board for the greater Miami market, attracting fresh faces to invest is a must. Some of these parties have cost over $250,000 and have featured salsa dancers, drag queen DJs and even Star Jones of "The View" fame. Not everyone is sold on the long-term viability of Miami market, Jack McCabe, chief executive of McCabe Research and Consulting of Deerfield Beach, Florida, has formed an "opportunity fund" that is nearly "eight figures" to take advantage of a swoon he sees coming next year as a result of a bulge in the south Florida condo pipeline. Salsa Dancers and Stunt Men? Must Be a Miami Condo Project [New York Times] registration required
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