Miami Articles

Condo project in Riviera Beach

A developer from Coral Gables stated that there is a plan to build around 1,000 condos in Riviera Beach. The project’s idea is to fulfil more middle-class housing in the northern areas of Palm Beach County. Randolph-Cornerstone Joint Venture LLC will be building Mediterranea in Riviera Beach.  The City manager recently said that this project will attract middle class residents. And, additionally there are many other housing projects that are placed on the table. These condos will go up at 4600 Mediterranea Circle which is located north of Blue Heron Blvd and east of Military Trail. The complex will count with 22 buildings and the whole project will be constructed in some different stages. It is expected to get it completed in five years. According to what it has been reported, the first stage begins with 210 two-three bedroom townhouses. Prices start from $200,000 in a place where the median price of a single-family home was $380,000 in early April this year. It is a real opportunity for all those who want to become homeowners. Condo demand remains stable and continuous. There are many condo units under construction still in the area.  The architect for Mediterranea is the well known Quincy Johnson, Myott, Williams, Jones, Acevedo, Vaughn Architects Inc. based in Boca Raton.