HALLANDALE BEACH, Fla. — Known for years as little more than a retirement community with a racetrack and a few pastel-hued motels that had seen better days, this small oceanfront town is not the first place that comes to mind when wealthy Brazilians and Russians seek out expensive condominiums.

Halladale

A helicopter view of Sunny Isles in Florida, where dozens of housing developments are sprouting. Credit Oscar Hidalgo for The New York Times

But the construction boom of recent years south of here, in Miami Beach and its neighboring areas, has used up almost all the best lots. So developers are migrating north to Broward County locales like Hallandale Beach, Hollywood, Sunny Isles Real Estate and Fort Lauderdale that do not have as much cachet but which, because of their beachfront locations, are seen as having great upside potential. The land is cheaper, too, which makes for relatively good deals — at least for now.

Read more: http://www.nytimes.com/2015/08/26/business/construction-boom-in-south-florida-makes-its-way-north.html

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