More Condos Coming....Soon

John Restrepo, principal of Restrepo Consulting Group predicted that 10,000 to 14,000 newly constructed condos will hit the market over the next five years. According to local real estate economist, nearly 1,000 have been built and sold and another 5,800 are under construction.

Restrepo has counted 75 planned condo projects at 10 stories or higher with 41,000 condo units and 21 condo-hotel projects with 12,400 units.

Restrepo says of those, 21 condo and condo-hotels have a construction fence with a sign that reads " the most unique high-rise in the universe is coming any day now".