With the country short more than four million homes and with surging mortgage rates and home prices, more people are choosing to rent instead of buying.
May 03, 2022 at 03:23 PM
2 minute read
Florida Bureau Chief
While South Florida faces a supply problem as its population continues to increase, Miami-based developer Shoma Group aims to alleviate the problem by developing multifamily properties that offer housing options in live-work-play communities.
Shoma bought a 2.5-acre site near Coral Gables for $34 million with the intent to build a 391-unit apartment complex and food hall.
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