Lion Development Group

Buyers typically register interest first, then receive access to available units and pricing. After choosing a unit, you sign a purchase agreement and pay deposits according to the schedule in the contract, often spread across the construction period. When the building is ready, there may be a closing at completion where the balance is paid and ownership transfers.

In Florida, buyers of new condominiums have a 15-day rescission period under FS 718.503. This applies to condos only. Read the contract and developer disclosures carefully, and consider having a real estate attorney review them within that window.

A pre-construction purchase lets a buyer secure a unit with staged deposits over the build period instead of paying the full price up front. That structure can hold a unit for a long time before closing, but it also ties up capital and carries risk if conditions change.

For Lion Development Group's condo projects in Miami and Wynwood, consider how many comparable units are being built nearby, how quickly new units are being absorbed, and what rental demand looks like for the unit type. Review the deposit schedule, the assignment terms, the HOA or condo fees and the expected closing date. No outcome in value or rental income is guaranteed.

Deposit requirements differ by project, and pre-construction deposits are usually paid in stages, so confirm the total and the timing in the contract. Buyers should also budget for closing costs and ongoing condo fees. Incentive or assistance programs may exist in Florida, but eligibility and availability vary and are often not designed for new condo purchases, so check current terms with a lender or the program administrator.

Registering early can give you earlier access to floor plans and unit availability before they are widely marketed. It also gives you time to arrange financing and review the documents before committing.