A long-planned redevelopment of one of Vero Beach’s most prominent waterfront properties is moving forward, but city officials and the selected development team still have key terms to resolve before the project can advance to its next phase.

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A wave of condominium construction is reshaping one of Miami Beach’s less-developed residential districts, with several prominent firms pursuing projects ranging from flexible-use units to ultra-luxury oceanfront homes.

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South Florida’s wealth migration continues to reshape the region’s real estate market, with sales of homes priced at $10 million and above accelerating sharply during the first half of 2026. Miami-Dade and Palm Beach are capturing most of that activity — but one statistic shows just how extraordinary the surge has become.

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Covering approximately 481,200 square feet, the permit was the largest among South Florida’s recently reported construction filings.

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Construction progress and a new $25 million state grant are advancing Vero Beach’s One Water Campus—a project that will ultimately allow the city to retire its aging waterfront treatment plant and unlock a key piece of the Three Corners redevelopment site.