Developers are flocking to the Edgewater area that stretches from Northeast 17th Terrace North to Northeast 36th Street and from Biscayne Bay west to Biscayne Boulevard. Developers have already proposed, completed or are constructing at least 10 new condo and condo-hotel towers with a combined 2,400 units in a 19-block stretch located just east of the up-and-coming Design District, Midtown Miami and Wynwood neighborhoods.
Russian developer Oleg Baybakov during the last month acquired 1.7 acres for $30Million in a trio of deals in the coveted Edgewater neighborhood.
The Edgewater area represents 17 percent of the nearly 13,850 condo units proposed for the Greater Downtown Miami as reported by Cranespotters.
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