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REAL ESTATE NEWS

Ritz tower nears top!

BY MACADAM GLINN

The first tower of the Ritz-Carlton hotel-condominium project on 27th Avenue in Coconut Grove is nearing the top of its 22-story construction. Workers currently are laboring on the 20th story and already have built the adjacent twin tower to the 12th floor. Completion of the mammoth project is slated for May of next year. The first tower, located nearest to Biscayne Bay, will hold 131 luxury condominium apartments, ranging from $650,000 to $2.5 million each. The second tower will house a hotel on the first eight floors.


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