Boom, indeed! Big-name architects, dazzling superprojects, savvy developers, ferocious agents, multimillion-dollar listings, next-generation residences and construction cranes as far as the eye can see.

Multi-trunked, native Everglades Palms provide the appropriate native Florida ambiance for this amazing rooftop setting at The Ritz-Carlton Residences. The 92 foot pool is the crown jewel in Piero Lissoni’s opulent design that incorporates a sweeping view of Miami as well as amenities like private cabanas, a large jacuzzi, and outdoor kitchen.

Five years ago, the housing market was in such bad shape in Miami that developers stopped building. Today, 94 towers are under construction–three featuring penthouses with price tags of $50 million or higher. Two with similar list prices have already gone into contract.

One look at the Miami skyline is ample proof that the luxury real estate market, most notably in high-rise condominiums in oceanfront South Beach, is set to sizzle in 2015 and beyond. The once low-rise cityscape, speckled with graceful Art Deco buildings, is rapidly turning into a Manhattan-style metropolis with stunning glass and steel residential towers soaring skywards.

Since launching sales in spring 2014, the Ritz Carlton Residences Miami Beach, has sold out fifty percent of its units. Normally this would be just another fancy building that’s sold a bunch of fancy condos. You know, same old, same old…

Is Miami multifamily running out of steam? (Nothing lasts forever except taxes, after all.) Lionheart Capital CEO Ophir Sternberg (snapped with Irene Horuzhik, his fiancé) tells us no: he predicts 2015 will be another strong year in condo sales.

Lionheart Capital announced that The Ritz-Carlton Residences, Miami Beach, a luxury residential development comprised of 111 residences and 15 stand-alone villas, has reached its 50 percent sold milestone since launching sales in spring 2014.

The luxury residential development at 4701 North Meridian Avenue, on the site of the former Miami Heart Institute, will have 111 residences and 15 stand-alone villas. With prices from $2 million to $40 million, the development launched sales in spring 2014. Now 50 percent of the units have contracts and deposits.