Soft Miami Condo Market Has Developer Eyeing Opportunity In Boca
EAST BOCA RATON, FL—Veteran developer Inigo Ardid says that market conditions in Miami have prompted his firm to take advantage of a unique opportunity here.
Ardid, co-president of Key International, says his firm and partners Integra Investments and Wexford Capital will begin marketing its 32-unit ultra-luxury condominium project in East Boca Raton later this year. Key International and Ingtegra acquired the 3.2-acre property at 725 S. Ocean Blvd. last summer from an affiliate of Blackstone. The Key International executive says he hopes to begin construction on the $85-million, four-story project by the end of 2019.