Miami Beach’s Famed Ocean Drive Getting New Condo Tower

by Isaac Benmergui, Esq on July 12, 2012

There’s more luxury to come on Miami Beach’s famed Ocean Drive as a private equity group has revived its plan to build along the ritzy Florida drive. A new 18-story condominium tower with 10 residential units is slated for construction at 120 Ocean Drive, which is also the project’s new name. Formerly it had been known as the Kallisto. The site contains three parcels for a total of 17,250 square feet of land.

South Florida’s condominium sales have surged recently with the some 30+ planned new developments slated for Miami-Dade, Broward and Palm Beach counties. Units are often sold out before ground is broken.

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