Building Boom in O.C.

Here's an article about the building boom in Ocean City. You'll notice a lot of cranes at work this year, building very expensive condos. Seems to me that most of them are on the bay side since that's where most of the vacant land is.
http://www.sun-sentinel.com/business/local/bal-te.bz.oc03may03,0,4168021.story?coll=sfla-business-headlines
They are using up any land available. There's one very expensive place going up behind the Catholic church on 100th street. The building looks nice, but it's right next to one of the big blue water towers!