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Today, the Miami Herald published an article, “Two S Fla condo developers file for bankruptcy”, the most notable of which was the Richard Meir’s Beach House just south of Bal Harbour in Surfside. With lackluster sales in 2007 and with typical prices in excess of $2000/ sq ft, there is little surprise that this project met is demise. At this point in the market, any project that has yet to break ground or does not have its construction loan in place, will very likely be canceled.
Tags: bal harbour, condo, Richard Meir Beach House, surf side
