Miami and New York-based developer PMG has announced that luxury condominium project Sage Longboat Key Residences has surpassed 50 percent sold. With demolition commencing this week, the development is slated to begin vertical construction in the spring of 2021 and anticipates competition in late 2022. Premier Sotheby’s International is its sales team. The beachfront condos begin in the mid-$4 million and start at 4,000 square feet. Each unit has 11-foot ceilings, eight-foot entry doors, floor-to-ceiling windows, and expansive private terraces. Interiors are curated with the finest finishes, from exquisite marble and wood flooring to custom Italian cabinetry. Three of the four penthouse units with private rooftops were among the first nine sales.