Episode Details

Kolter Group just splashed $18.2 million on condos in Miami Beach’s hot North Beach, right next to the Normandy Plaza Hotel they bought for $26 million earlier this year. With commercial space valued at over 7,000 sq ft and a massive price jump since 2022, this is part of a bigger strategy to dominate Collins Avenue—aiming to own every unit in a building with a history of safety issues. The neighborhood’s transformation, fueled by Miami Beach’s 2017 density vote, is attracting luxury developments like the first new condo in five years, plus Kolter and BH Group’s own plans for a 17-story beachfront tower with 37 units, retail, and a pool. This is just the beginning—North Beach is becoming South Florida’s next big real estate hotspot.

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