Wave of apartment construction set to sweep south florida

South Florida is about to go from condo bust to apartment boom.

Developers are set to kick off a new round of housing construction with plans to build more than 4,000 rental apartments. Five years have passed since the collapse of the housing market brought an end to the condo construction craze that swept the region.

Two high-rises are proposed in downtown Fort Lauderdale. Other projects being pitched include a cluster of towers with almost 400 apartments on Young Circle in Hollywood and a sprawling complex with almost the same number of units at the old Levitz shopping center in Boca Raton.

Apartment complexes across the area were converted to condos during the real estate boom years, but now developers say they see a new need for rentals. 

Source: Sun-Sentinel.com