Million-dollar babies

The long condo drought in Southwest Florida is finally coming to an end, good news for the high-rise construction industry.

Here's proof: Many new condos are coming out with sky-high prices, which reflects strong demand in the market after years without new inventory.

Consider WCI Communities, one of the most the prolific condo builders before the downturn. Prices at its first project in years, Altaira at The Colony Golf & Bay Club in Bonita Springs, start at $1 million.