If you party, will they come?

Groundbreakings for residential new development projects in Miami Beach have becoming increasingly important signals to buyers that a project is moving forward with construction. In October 2017, the developer of Monad Terrace—JDS Development Group—held a presentation of the 59-unit project at the sales gallery, followed by a marching band parade that led attendees towards the South Beach site, where a crane broke ground accompanied by fireworks. Monad Terrace received $62.5 million dollars in construction financing from Vanbarton Group. Designed by Ateliers Jean Nouvel, Monad Terrace presents 59 luxury waterfront condominium residences on Biscayne Bay in South Beach.

ByKatherine Kallergis, The Real Deal

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