The cyclical nature of Miami’s condo market has many developers shifting toward rentals – but not Michael Shvo. The New York developer, who is making a big push in Miami Beach, said that as long as you have the right site and project, the overall market’s performance is irrelevant. “It doesn’t really matter what the market is. You build something special in the right location, you’re not competing with something in Brickell or in Wynwood,”
source https://therealdeal.com/miami/2019/10/17/south-florida-developers-rift-on-the-shift-from-condos-to-rentals-trd-miami-showcase-forum/
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