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Miami International Airport Sets Passenger Record in the First Quarter of 2019

May 3, 2019
Miami International Airport (MIA) set a new record in the first quarter of 2019 in comparison to the previous year. 2018 had already been a historic year when they surpassed 45 million passengers for the first time - an increase of over 1 million passengers from 2017. During the months between January and March, traffic grew 5%, with 583,073 passengers more than in the same period of 2018. Growth in the period includes 306,421 additional international passengers (+ 5.5%) and 276,652 additional passengers (+4 , 6%) domestic passengers for the same period last year. Optimism for the second half of…
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NEW VIDEO: First Look Inside Residences by Armani/Casa

Residences by Armani/Casa in Sunny Isles recently released two new videos showing both the interior and exterior of the project under construction. Scheduled for completion by November of this year, more than 80% of the units have already been sold, $800 million in condo sales, according to developers. Under the artistic direction of Giorgio Armani, Armani/Casa Interior Design Studio is behind the interior design. While César Pelli, who designed Miami's Adrienne Arsht Center for the Performing Arts and the Petronas Towers in Kuala Lumpur, is creating the exterior. https://youtu.be/nd-pa95ZOYg
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New 5.8 acres park is underway in Miami Beach

The city of Miami Beach will acquire new green space, a park with 5.8 acres. The project will transform the parking lot, already being demolished, in front of Miami Beach Convention Center in the Pride Park - the name still needs approval. The park will house the tents for the Design Miami show, which means that the main lawn area will be closed for the public for about two months annually for the assembly and disassembly of the event. About 500 trees will be planted as part of the construction. The conclusion is scheduled for December of this year in…
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Miami International Airport Announces Project to Increase Capacity to 80 Million Passengers

May 17, 2019
To keep up with the growth predicted in coming years, the Miami International Airport has announced plans for a massive extension. The Capital Improvement Plan will see construction from next year until 2035, and costing more than $5 billion. Airport director Lester Sola presented the project to Miami-Dade subcommittee, who voted to allow the presentation. The project still requires full commission approval. The airport foresees the passenger count to grow from 45 million to 77 million by 2040, the current terminal capacity is estimated to be almost 60 million, but part of the space isn’t practical. Cargo is anticipated to…
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New Ranking: Miami Overtakes New York as Best City for Small Business

The high costs for real estate and new regulations have pushed the city of Miami ahead of New York as the number one city in the United States for small business, according to a recently released ranking by Biz2Credit. The report was mentioned by Crains New York and the New York Post. For the research, approximately 30,000 businesses with less than 250 employees and less than $10 million in annual revenues were examined. All of the companies had to be in business for more than a year. With these criteria, Miami ranked at the top for growth, overtaking New York…
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Art Basel Miami Beach is Scaling Up in 2019

Art Basel Miami Beach, one of the most comprehensive art fair in North America with over 260 galleries from 33 countries, just announced a new sector called Meridians. The new area will receive large-scale projects in the Grand Ballroom of the Miami Beach Convention Center, home to the event each year. The idea is similar to the Unlimited section at Art Basel’s fair in Switzerland, and it will be curated by independent curator and critic Magalí Arriola, who will request works from galleries and artists before a selection committee picks which pieces will be in the exhibition this year. In…
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Update: Construction Progress at Ritz Carlton Residences Sunny Isles; 3rd Penthouse Just Sold For $20m

May 10, 2019
While construction is at full throttle at the Ritz-Carlton Residences Sunny Isles Beach, another penthouse residence was just sold for $19,750,000 this week. Now there is only one penthouse left, out of four, in the 52-story tower. Since the start of 2019, there has been an uptick in sales activity in the Sunny Isles Beach area, including the $18.5 million sales of a penthouse at Jade Signature. The unit PH49/#4903 will feature five bedrooms and seven and a half bathrooms, as well as a garden terrace with a private pool and summer kitchen. At nearly 7,700 square feet, the unit…
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Time Out Food Hall Opens Next To Lincoln Road With 18 Eateries

Time Out Market, a big new food hall in South Beach, officially opens today at 1601 Drexel Avenue, just off Lincoln Road. Foodies will be able to choose between 18 eateries, 3 bars, and a demonstration kitchen spanning 18,000 square feet. Over 100 dishes will be offered. With affordable prices, an average check of $20 per person, the food will be served on chinaware with flatware and in glasses. Love Life Cafe: Partners in both love and life, Veronica Menin and Diego Tosoni bring their plant-based Love Life Cafe – and their award-winning vegan burger – to Time Out Market Miami. It is…
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New Rendering of Island Gardens Released

Island Gardens has just released a new rendering, and the project seems to have undergone a significant engineering change. In 2002 Mehmet Bayraktar got approval to build a twin-tower and retail project on taxpayer-owned land, but he never made it. So far only floating docks for superyachts have been installed, as well as a private club. Now the developer is suing the city of Miami after commissioners voted to hold them in default of a lease for the land, which could cost the city $ 200 million should it proceed to trial. A settlement that would compel the city to…
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43-Story Tower At Worldcenter Gets $143m Construction Loan, Groundbreaking Soon

April 27, 2019
Another tower is about to begin construction at Miami Worldcenter. Luma at Miami Worldcenter was granted a $143M loan to begin construction, according to Commercial Observer. Moinian Capital Partners provided the debt, along with 60 percent of equity ($23.7 million). The 43-story tower will include 434 apartments ranging from 566 square feet to 1,808 square feet. Luma will be the “highest-end product in the market,” a managing director for the lender said. The building will feature luxurious amenities and unencumbered views of Biscayne Bay. Moinan believes that the rental market is the future for Miami, and they are very comfortable that…
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605 Lincoln Road Suite 302 Miami Beach, FL 33139
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Contact Us

Call Us At: 305 397 8788

605 Lincoln Road Suite 302 Miami Beach, FL 33139

  • This field is for validation purposes and should be left unchanged.