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Five Park, Miami Beach

Five Park Approval Highlights:

The last project of this size that can be built in this prime South Beach location. Remaining inventory is starting at under $1,300 / SF, which is priced below existing buildings completed two cycles ago.

The project is one of two condos over 30 floors to have broken ground in this cycle. It is on schedule, with one floor completed every four days. The building will top off in September of 2023 and will be delivered in 2024.

Five Park is a joint venture between Terra Group and Crescent Heights. Both developers have a portfolio of projects that speaks for itself. The track record between these two developers is exemplary.

May 25, 2023

Construction & Timeline

Timeframe confirmed & updated May 2023

Five Park Project Timeline

Broke ground: May, 2022
Current pace of construction: appox one floor every four days
Top-off: September, 2023
Delivery: 2024

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