Business & Finance
Buyers Positioned to Swoop in on Everglades on the Bay
All eyes in downtown Miami are focused on the partially-sold condo development Everglades on the Bay on Biscayne Boulevard. In late August, the project’s developer, Cabi Downtown Developers, filed for Chapter 11 bankruptcy protection—the first major downtown Miami condo developer to file for bankruptcy in this recession. Now, real estate players are waiting to see how they can possibly get a piece of Everglades on the Bay.
3 MIN READ