At least three condominium projects recently unveiled by the Related Group are selling at a brisk pace, the Daily Business Review has learned, setting the developer on the fast track to securing the construction financing needed to make those projects happen.
Paraiso Bay, a three-tower development on Biscayne Bay at 600 NE 31st St. in Miami’s Edgewater neighborhood, has sold 70 percent of the units in the first planned tower in just over two months, said Carlos Rosso, Related’s head of condo development.
