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Miami Welcomes the Rich Fleeing High-Tax States

October 12, 2018
More than a century ago, in 1913, the government was introducing a deduction in its tax system that allowed the reduction of taxes paid, at the state and municipal levels, when paying the taxes demanded by the Federal Treasury. However, in December of 2017, the Senate passed a tax bill that would change this rule that was benefiting taxpayers in territories with higher taxes. What did that mean to Florida? Since then, the estate is receiving many investors - fleeing from states such as New York, Connecticut, and even California -, with open arms, breathtaking ocean views, and competitive real…
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Amazon executives reportedly returned to Miami for another HQ2 visit

Miami recently received a second visit of Amazon's executives looking for possible areas for its substantial second headquarters (HQ2), said anonymous sources to South Florida Business Journal. The tour was essential to put the city among a few still left in the running for the HQ2. Amazon finished its site visits for HQ2 in May, and little news comes out about follow-up visits. Some may not believe in Miami's potential to win the battle against cities like Boston and Washington, D.C., for example, due to its lack of a more significant technology workforce or top-rated universities. While others tried to…
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First look: Royal Caribbean’s new PortMiami cruise terminal is nearly completed

Take a first look at the ‘Crown of Miami,’ Royal Caribbean's new 170,000-square-foot cruise terminal only a few weeks away from opening, scheduled for November. The architecture firm BroadwayMalyan is responsible for the design considered as a landmark building for the port. The design evokes to what seems to be a crown when passing by on the water side and the ‘M’ of Miami when viewed from the east or western approaches, there is also a sense of waves rising or ships passing when seen from the terminal side. The cruise terminal will become home to massive cruise ships, such…
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First Waldorf Astoria is coming to Miami Downtown

October 5, 2018
With 30 properties around the world, the Waldorf Astoria Hotels & Resorts, the luxury brand of the Hilton hotel chain, will soon land in Miami, announced Hilton Worldwide. The grandiose and ambitious architectural project, promises to mark the local skyline and when finalized, it will be one of the tallest buildings on the entire East Coast. Property developer PMG (Property Markets Group) has joined Greybrook Realty Partners private equity fund to make it a reality. Although there is no date to debut, the tower's design was already revealed. Sieger Suarez in partnership with Carlos Ott, designed the innovative project of…
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Estates at Acqualina gets $558 million in construction loan

Estates at Acqualina, an ultra-luxury twin-tower project in Sunny Isles, has received construction financing by the Bank OZK — formerly Bank of the Ozarks, marking the most significant condo construction loan in Miami so far this cycle. The project is now set to go vertical. The project is valued at $1.5 billion, with twin towers rising 50 stories each, or 649 feet – the maximum height permitted in the area. A total of 245 condos are planned between the two towers, with units ranging from 3,287 square feet to over 12,000 square feet for the largest penthouse. The standard condos…
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EB-5 Program is extended again, this time until December

The US Congress has again extended the deadline for issuing the permanent EB-5 visa to investors willing to contribute at least $500,000 in American soil. This time the program was extended until December 7th of this year; the previous term ended on September 30th. This is the second time in 2018 that the US government extends the deadline for issuing the visa. The extension of the term opens a new window of opportunity for investors interested in this visa, before possible changes in the program. The EB-5 is a form of visa granted to those who invest a minimum of…
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Take a look at Jean Nouvel’s Monad Terrace in South Beach

September 28, 2018
New renderings were unveiled from Pritzker Prize-winning Jean Nouvel's first project in Miami, Monad Terrace, while the works on site are in full swing. Designed in collaboration with Kobi Karp, the building is set to rise on West Avenue in South Beach, setting a new architectural standard and climate resilience for the city. In the renderings, we can see the angular facade and its customized "honeycomb screen" integrated with the glass curtain system that will significantly reduce glare and heat without blocking the view. The abundant native vegetation throughout the site and the elevation of the balcony will provide an…
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Another one! DJ Khaled is buying a $26M mansion in Miami Beach

One of the most recognized names in international music, whose real name is Khaled Mohamed Khaled, aka DJ Khaled, is under contract to buy a $25.9 million home in Miami Beach. Douglas Elliman is representing the seller, Michael Lerner, who popularized the "Baby on Board" sign. The 13,000-square foot residence is located on Pine Tree Drive and occupies a 1-acre lot, with approximately 105 feet of waterfront on the Indian Creek Waterway. The house features five bedrooms, a swimming pool, a gazebo, and a home-theater plus a guesthouse with four bedrooms. Lerner paid $4.95 million for the site in 2013,…
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South Beach might be getting a new park, with Restaurants, Retail and Residential units

A new park may be arriving in Miami Beach, Sunset Park, as the project will be known, was submitted for approval by Miami Beach's Planning Board. The project of more than 50,000 square feet will include five floors of retail, residential and parking. If approved, the park will be built in Sunset Harbor on .77 acres that now accommodates buildings slated for demolition and empty lots. The commercial space totalizes 18,292 square feet; two restaurants and two cafes are already on the plans with 100 seats each. 12 residential units are also proposed on the third, fourth and fifth floors.…
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Vertical construction officially begins at Missoni Baia

September 21, 2018
Construction is underway at Missoni Baia, in Miami's Edgewater neighborhood. After eleven months of foundation work, the building is coming out of the ground. Spectacular oceanfront homes are priced at $ 500,000. Missoni Baia will offer 1 to 5 rooms, and when completed the project will rise 649 feet above sea level in 57 stories. Units will feature panoramic views of the city, Biscayne Bay, Miami Beach and/or the ocean from spacious terraces and floor-to-ceiling glass. Gourmet kitchens and luxurious master suites will complement the exclusive condos. Missoni Baia amenities will focus primarily on health and wellness. The development will…
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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.