Related sees a spike in demand for condos from international buyers, now that borders are open, and is about to launch sales for a 60-story tower called Casa Bella.

The developer has approval for a total of three towers with 1,430 residential units and 1,629 parking spaces at 1400 Biscayne, all connected by a podium. Two of those towers would be around 60 stories, with a third at about 50 stories.

Related says they are now experiencing a surge of international buyers at their nearby Baccarat Residences and District 225 projects.

International buyers now represent 50% of sales at those developments. Earlier this year, domestic buyers represented 80% of sales.

The jump in international buyers is expected to rise even further now that borders have been reopened to vaccinated travelers since November 8. As a result, there is “pent-up demand,” Related said.

(source and image: thenextmiami.com)