Condominium considerations

Current market conditions that favorably affect condominium development include attractive interest rates, an aging baby boomer market seeking less upkeep but more luxury, and a growing economy. Combine these with waterfront or golf course views, and some of the key elements for successful condominium development are in place. The condominium developer's target market should determine unit sizes, amenities and rules and regulations of the association. This requires close attention to local demographics. The Barringers project, two 7-story, oceanfront condominium buildings located in Indialantic, Florida, is an example of how these strategies in condominium development can play out.