And the flexibility of being able to get an additional unit when people are here makes it very effective. Unlike many foreign developers, Alta Developers started by learning the market. Quadro Miami is very appealing to the person that is not going to use the unit on a full-time basis. We offer them a product that they can own a piece of real estate but also use it without paying enormous amounts of expenses over the year. When Miami started opening again, we changed the strategy, focusing more on foreign countries but also starting the idea of reaching out to New York buyers, and I think it's been very successful."Įdgardo Defortuna: "South Florida is positioned to be one of the best places in the world and we are lucky to be here and in the real estate business. Snowbirds can have a unit here, use it for six months, go back home and still make money. We have seen a lot of domestic buyers from New York. They come here with their family and say, 'I'm going to try this for six months.' On foreign buyers, they are looking to keep their money safe. It's a concept of 'own, live, and share.' You can buy a unit and put it on long or short-term program. What we are selling here is a new way of buying a condo in Miami. Miami Beach is right there and the airport is five minutes away. It's a boutique 12-story building with great views of the Bay, within walking distance to the Design District. It came out really nice, and sales are doing great. We hired a famous artist in Chile to bring all of his ideas into the project. We brought the art and connected the Miami Design District with the project. We spent more than two years designing it. It's one of the latest condos that we finished last year. There was a lot of pressure on real estate, but we were able to come up with new concepts, new ideas, and I think that is going to change how projects are designed in the future. Raimundo Onetto: "Due to the pandemic, we were forced to do things in completely different ways.
Photo Credit: Courtesy of Alta Developers They were hosted by Haute Living's April Donelson. Antonio Villamil, Founder and Senior Advisor of The Washington Economics Group. The panelists were Raimundo Onetto, Principal and CEO Alta Developers Edgardo Defortuna, CEO of Fortune International Group and the nationally recognized Dr.
#Quadro miami series#
Haute Residence continued its industry-leading real estate webinar series on the latest in real estate, developments, and more, with "Seasonal Snowbirds." The dialogue focused on the Winter season visitors that flock every year to South Florida, the current trends in the economy and how they impact the real estate industry, and how Quadro Miami is a prime example of the product the visitors-turned-buyers are looking for as they expand their real estate holdings.
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