"Faena will change the way people see residential in this part of town, the same way Faena did it in Miami Beach," says CEO Edgardo Defortuna.
"The development has been in the works since 2015 and has gone through various iterations... the final version was designed by Rafael Viñoly, his final project before his death a year ago."
"Despite a surplus of residences and a downturn in prices, the project shows a boost of confidence in Miami's condo market," as noted by key industry leaders.
"The condos at 24 SW Fourth St. will have about 400 residences, with average prices ranging from $1 million to $4.5 million, indicating a premium offering in a competitive market."
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