All 266 units have been purchased, despite the building not being scheduled for completion until 2028.

The joint venture intends to transform the existing condo building located in South Beach into a luxury residential tower overlooking Biscayne Bay.

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The proposal calls for 975 residential units, 528 hotel rooms across two towers, 107,000 square feet of retail and 2,490 parking spaces.

HueHub’s early phase will prioritize those serving the community. The 3,000 reserved units will be offered to teachers, nurses, police officers, and firefighters, with fixed pricing guaranteed for 10 years.

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For now, however, the mood is cautious. Developers who expected a seamless run of rent growth and cheap financing are recalibrating — or cashing out.