Ground Broken for Bellini Williams Island

by Isaac Benmergui, Esq on December 29, 2011

If you have $1 million and you don’t know what to do with it, you might consider jumping into a new condo at the Bellini Williams Island. The $1 million for a 3-bedroom unit is the least you’ll need to get through the front door, but the high-end condo building won’t open until mid-2013.

The developer, Martin Margulies, who was also responsible for Coconut Grove’s Grove Island has owned the Williams Island land since 2007, but waited out the recession until a more favorable construction climate returned. Margulies admits that even with a more positive economic environment, the property won’t earn him as much as it would have prior to the housing bust. Still, several units in the Bellini project have already been sold

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