Mondrian near $100M in sales

October 27, 2011 11:15AM

Mondrian South Beach

The Mondrian South Beach condominium-hotel is close to $100 million in sales after three third-quarter transactions, according to a report from Condo Vultures. Total developer sales at the project are now at more than $97 million, following the purchase of 5,200 square feet between July and September. The 335-unit project, which is located on the Biscayne Bay side of West Avenue in South Beach, has now sold more than 45 percent of its units, with an average price of $900 per square foot. The South Beach neighborhood has now sold 79 percent of those condo units built after 2003. --Alexander Britell