Many luxury beachfront condominiums in Miami have been selling before construction begins. Peloro, a new waterfront condo project set for construction in Miami Beach, has had great success selling units prior to construction. Sales started about three months ago, and seventy five percent of the proposed 115 units are already reserved.

Construction is set to begin in a few months. The oceanfront condo development has a planned completion date of 2014. The luxury residences will be located on Indian Creek, just minutes away from Bal Harbour and South Beach.

Located on the Intracoastal, Peloro will be seven stories high, with two and three bedroom units, a penthouse and a 2-story townhouse. The condominiums will range in size from 635 to 2,268 square feet.

Source: The Real Deal

Peloro, Luxury Waterfront Condo Tower in Miami