- Text by:
- ADAM MIZRAHI
- Aerial photography courtesy of:
- AERIALS, INC.
Miami In the Spotlight
The Current State of Building Development
Just a few years ago, the city of Miami shined brightly in the international spotlight as one of the major construction and development centers in the US. Fueled by low interest rates, high speculation, relaxed banking standards, and a growing housing bubble, tens of thousands of units were proposed and slated for construction throughout the city. The local economy was roaring as domestic and international investors, speculators, and developers descended on Miami.
