SELECTED LISTINGS

FAVORITE PROPERTIES

0
Selected Listings

News

Final Vote to Approve $5 Billion in Funding to Miami International Airport Expansion will Happen Next Week

March 13, 2020
Commissioners of Miami-Dade are scheduled to vote next week on releasing a $5 billion in bonds for restoration and extension of Miami International Airport. Earlier this month, they unanimously voted to approve the bonds, and a second and final reading is programmed for March 17th. Approximately $1 billion will cover projects that already started, and the remaining $4 billion will be used to cover projects between 2020 and 2036. Central Terminal will see the most significant changes, including the demolition and reconstruction of Concourses F and G. There will also be a new check-in area, and the curbside and exterior…
read full article

Florida, the No. 1 Moving Destination in the Country

February 29, 2020
The Sunshine State, one of the most loved destinations by tourists and travelers, whether for its beautiful beaches, incredible attractions, or its large amount of diversity among its people and businesses, has now beaten out Texas as the No. 1 moving destination in America, according to U-Haul.  "Florida has been showing signs of growth for a decade," said Miguel Caminos, U-Haul Company of Orlando president. "Central Florida is really booming. I can't think of any major suburb where there aren't home developments or new shopping centers being built." "There's an expectation of comfort for people moving here. They know there…
read full article

Report: South Florida will add 16K apartments to its inventory this year

February 7, 2020
South Florida will have approximately 16,000 apartments delivered in 2020, helping rents to even up in markets with added supply, according to Berkadia's annual report and 2020 forecast. The amount of units is fueled by population growth in the grand majority.  The number of apartments with scheduled deliveries will be almost double than the 8,871 units completed last year, marking the most significant amount of annual deliveries so far this cycle. In total, developers are awaited to deliver approximately 280,000 units across the United States, similar to last year, and maintaining the 260,000-plus annual deliveries pace set and kept since…
read full article

Super Bowl 2020: Miami’s ultimate guide for best places to eat, drink, and sightseeing

January 31, 2020
If you are in Miami, you already noticed the influx of tourists coming in, and all the energy surrounding the city due to the Super Bowl LIV happening this Sunday. After all, it's been 10 years since the city hosted this enormous event - but before the game starts and Patrick Mahomes, with Kansas City Chiefs, takes Jimmy Garoppolo, and the San Francisco 49ers, there is a lot for you to do. For this reason, we created your Ultimate Miami Guide, because there is much more than just beaches in our Magic City. Ready to dive in? The Cuban Experience Nothing else screams…
read full article

20 New Buildings in 2020: Here is a List of Projects Rising Vertically this Year

January 3, 2020
This year we should see more construction cranes all over Miami, building the city’s next generation of high-rises. Here is a list of new towers scheduled to start construction, all projects listed are in the areas of downtown Miami/Brickell. 2000 Biscayne (36 stories, 408 feet, 396-unit apartment) Groundbreaking expected in the first half of 2020. 830 Brickell (50 stories, 734 feet) Foundation work started in 2018, and a $300 million construction loan has been acquired. The project is set to become the second tallest office tower in Miami. AC Hotel By Marriott and Element By Westin Hotel Brickell (24 stories,…
read full article

Why Miami is the Best City to Invest in 2020

December 27, 2019
If you’re looking for a city to invest in real estate in 2020, look no further, Miami is your best choice. At least, according to Vladislav Doronin, the owner and CEO of luxury hotel brand Aman Resorts and chairman of real-estate development firm OKO Group. While New York could be considered “the center of the Western world,” Miami “recently become a global city,” Doronin shared with the press. “In recent years, Miami has become a global hub, with one of the US’s biggest airports enabling easy access to North America, Latin America, Europe, and the rest of the world,” Doronin…
read full article

Now is the Time to Invest in Miami Real Estate

December 21, 2019
Don Peebles, a South Florida-based developer with projects across the country, recently said this is the best time to purchase real estate in Miami. Prices are not likely to decrease more, he commented during an interview. Besides the low prices, Peebles said, the recent federal tax law changes are still being worked out. In 2017, President Donald Trump signed legislation that would increase federal taxes in states that had an income tax. This made it extremely beneficial to live in states such as Florida because it has no state income tax. Trump is in the process of relocating is primary…
read full article

New Pictures Reveal What Alton Road Park Will Look Like

December 14, 2019
Crescent Heights has provided new pictures of the retail building and public park they are developing along Alton Road, which is to become part of Miami Beach’s tallest tower.  The developer submitted an application to obtain a construction permit on November 26. Based on city records, Crescent Heights is working in conjunction with Terra Group. Crescent Heights was granted permission in the building of a tall tower so long as the company would create the park. This park will be three acres, have a dog park, a tot lot and green space. A raised pedestrian bridge will connect the beach walk…
read full article

Simkins Proposes Building Mixed-Use Village in Overtown Culture & Entertainment District

In partnership with Southeast Overtown/Park West Community Redevelopment Agency, developer Michael Simkins is going to redevelop and enhance the historic Overtown area.  The deal is set to be confirmed next week when the CRA board votes on it. Three bidders turned in proposals for the land, with the selection committee choosing Simkins’ proposal to build a mixed-use village within the Overtown Culture and Entertainment District.  To bring this master plan to fruition, Simkins’ Overtown Associates, LLC is going to buy 14 parcels, but only on the premise that they are developed based on the CRA’s adopted master plan.  As agreed,…
read full article

Diesel: Another Fashion Brand is Putting on a Construction Helmet

What if you could "live" in one of your favorite brands? From Fendi to Armani or Porsche, and now Diesel, the luxury branded condo trend has hit Miami in a big way. Diesel, owned by the OTB Group, just released on the market a total of 143 t-shirts at prices ranging from $370,000 to $5.5 million, one of the most expensive piece of clothing in history. These t-shirts "will come" with an apartment. The t-shirt design issued just in time for Miami Art Week and Art Basel, correspond to one of the 143 apartments in the Diesel Wynwood residential building.…
read full article

Miami Beach Has More Airbnb Listings Per Capita Than Any Other City In The Country

November 8, 2019
The city of Miami Beach has 3,416 Airbnb listings for every 50,000 residents, which is by far the highest of any city in the United States, according to a new study. Miami and Fort Lauderdale are not far behind, also ranking in the top 10, with 1,033, and 1,015 Airbnb listings per 50,000 residents each. The study took into consideration more than 350 cities studied by IPX1031 using Airbnb data. Catering to those that are looking to Airbnb as an investment, the company has partnered with the developer of Miami’s upcoming 604-unit Natiivo tower, which was revealed as being designed…
read full article

Edgewater Tower: Missoni Baia Gets $243m Construction Loan

Missoni Baia, with Russian billionaire Vlad Doronin’s OKO Group and its partners, just obtained a $243.3 million construction loan granted by Security Benefit Life Insurance Corporation, according to multiple reports. The 57-story, 249-unit luxury development in Edgewater is set to become the tallest in the area at 649 feet above sea level – equaling the height of the under-construction Elysee tower and exceeding the Paraiso towers.  Missoni Baia, with prices starting in the $500,000 range, is the Italian fashion brand’s first residential project. The project is part of a trend of developers binding luxury brands to developments, the case of…
read full article

Brazilian mogul buys Oceana Bal Harbour condo for $8M

Élvio Gurgel Rocha, director at Guararapes-Riachuelo, the biggest fashion group in Brazil and the parent company of the retail chain Lojas Riachuelo, is a new resident at Oceana Bal Harbour. He bought a three-bedroom, 3,992-square-foot unit for $8.15 million, which represents $2,041 per square foot. The former owner, as property records show, is Marc Farbstein, CEO of Hollywood-based Premium Digital Control & Automation. He paid $10.11 million for the condo in 2017, meaning he sold it for 20% less than what he paid. Lincoln Capital Investments LLC, tied to Gurgel Rocha, is the buyer, according to a source. The apartment…
read full article

BRG Homes Launches its Limited Edition Residences in Brazil

October 26, 2019
The company unveiled ten Limited Edition Residences at Oceana Bal Harbour to set themselves apart from any other real estate company in the most unique and distinct project of all South Florida. Made possible by an exclusive partnership between BRG and the developer at Oceana, the event was hosted in Sao Paulo, Brazil, on October 22. There are three main packages to be chosen by a client, an Upgraded Designer Ready, A Bespoke Selection, and a Signature Residence, this last one being in partnership with renowned architect Sig Bergamin and Murilo Lomas. The selection varies between the ready-to-decorate, with pre-selected…
read full article

Fontainebleau Miami Beach Plans Big Expansion, Connected By Bridge

September 13, 2019
The Fontainebleau Miami Beach, known for hosting renowned celebrities like Elvis Presley, the biggest hotel in Miami, is planning an expansion. The 1,504-room hotel would add new ballrooms and a parking garage, to be built on the company's owned surface parking lot at 4360 Collins Avenue. There is also a bridge being proposed starting from the resort, above A1A. The project will accommodate both cars and pedestrians, removing vehicles from the roadway. The new parking garage will accommodate about 500 cars, while the ballrooms could be used as an event or convention space, which the resort expects it will increase…
read full article

MRV Engenharia, Brazil’s largest homebuilder, seeks a $200M deal with American AHS Residential

September 7, 2019
Leader in the low-income real estate market in Brazil, developer MRV Engenharia has decided it is time to go beyond "Minha Casa Minha Vida" and bet on the American market. The company is considering acquiring a 50 percent stake in AHS Residential, a company that operates in the multifamily real estate segment in the United States.  According to recent press reports, the negotiation is in its final stages, MRV will hold a shareholders meeting to vote on the proposal to invest between $220 million to $ 255 million.   AHS Residential's chairman, Rubens Menin Texeira de Souza, founded the company in…
read full article

Miami: Office construction in the city hits a new record

Miami's office construction scored its highest level since 2009. The record is due by two factors: companies are moving here to increase their participation in the Latin America market, and tenants are relocating from high-tax states, appointed the Wall Street Journal. The 1.9 million square feet of office space in the pipeline is considerably higher than the 500,000 square feet that were planned in 2011, according to data from CBRE. This is equal to about 2.7 percent of the city's current office inventory. The chief of staff at Mana Group, Theodore Ward intends to remodel a few properties Mana acquired…
read full article

Revealed: Melo Group files plan for its biggest project to date

August 23, 2019
Edgewater might soon be the home of a new massive twin-tower developed by Melo Group. The developer just filed the plans for Island Bay, how the building would be called, which could be the biggest development for the company until now. The 60-stories towers would rise 648 feet above the ground, matching or surpassing the height of the tallest buildings intended or finished in the neighborhood. There is a total of 782 units planned between the two towers; renderings show a zig-zag design with the balconies. Melo Group is requesting approval from Miami-Dade’s Shoreline Review Committee for the proposal. The…
read full article

Study: Miami ranks at the top of the fastest-growing city in the U.S.

Miami is a the top of the list of the fastest-growing city in the United States, according to a new study done by researchers from Citylab. Miami is “perhaps the biggest surprise” on the list, said author Richard Florida. The analysts used the Census data from 2012 to 2017 of the top 50 U.S. cities, only big cities, no metro areas. The study shows that no other city had better job growth than Miami during that period; the number of employed in the city during that time increased by 24.1%, a result far ahead than any other city. As of…
read full article

Developers land $67 million loan for mixed-use hotel near Brickell City Centre

Robert Finvarb and Tony Cho, co-developers for a mixed-use hotel next to Brickell City Centre, closed on a $67 million loan, according to records. The company C-F Brickell Owner LLC obtained the funding from City National Bank to build on the collection of nearly 29,000 square feet of land at 115 Southwest Eighth Street in Miami. Plans for a 21-story, 264-key dual-branded hotel on the property were approved by the Miami Urban Development Review Board in 2018. Designed by Arquitectonica, the project would also include 25,000 square feet of retail space, structured parking, and a rooftop terrace. The project is located close…
read full article

Florida Earned $17.7b in Net Income In Just One Year From New Residents

August 16, 2019
A new study released by LendingTree shows that approximately 1,000 new residents are moving every day to Florida, generating significant gains in taxable income for the state. The new residents brought in a net of $17.7 billion in adjusted gross income, including those moving both to and from the state during the year, larger than any other state. The study concluded that Florida, so far, is the greatest winner in net income gains produced by residents moving from others state. The IRS data from 2016 was applied for the study – even before the State and Local Tax (SALT) deduction…
read full article

Photo: Residences by Armani Casa Soon to Open in Sunny Isles

Dezer Properties and Related Group, developers of Residences by Armani Casa, have issued a new aerial picture of the tower in Sunny Isles as completion nears. The building is expected to generate a total of $1 billion in real estate sales, with above $800 million already in contract. The 56-story tower is on track to open in November, according to developers. The picture was taken a little while ago; more progress has been made since then:
read full article

Miami: more international than ever with residents born overseas at a new record

August 10, 2019
Miami's population is growing this decade. Foreign-born population, especially Cuban, is also at a new record level, according to a new census data published by the Herald. From 2010 to 2017, the most significant growth in Miami-Dade's foreign-born population came from: Cuba – up 120,000, or 21 percent. Total now at 700,000Dominican Republic – up 20 percent. Total now at more than 41,000Venezuela – up 21,000, or 57 percent. The total population now is at 61,000Brazil – up 24 percent. Total at 15,000Southeast Asian countries – up 20 percent. Total now over 11,000.Spain – up 29 percent. Total now at more…
read full article

Related Group reveals One Island Park in Miami Beach

June 14, 2019
Related Group has the approval for construction of the luxury condo tower One Island Park on Miami Beach's Terminal Island moving along nicely. To gain the city's support, the company is proposing to also build a new 50,000-square-foot city fleet maintenance and sanitation facility at no cost to taxpayers. Recently, the City of Miami Beach Commission collectively voted to indicate the proposal to the City's Land Use and Development Committee. "We are pleased with the 'Commission's vote to move One Island Park forward in the review process and look forward to delivering a new, upgraded City maintenance facility at no…
read full article

Fastest growing tech scene boosts real estate in Miami

A new report released by the Financial Times puts Miami as the place to be if you are looking for technology jobs, which also serves as a booster to the real estate market of the city. The numbers are impressive; the tech industry was the fastest growing business in Miami-Dade between 2012 and 2017. In total, there were 11,440 job opportunities, up 40 percent during the five years term, according to the county economic development organization. Another statistic, this time coming from the Brookings Institution, shows that the tech scene in Miami is growing faster than in San Diego, Boston,…
read full article

Back on top: Miami attracts Brazilian real estate investors

After two years of recession, the financial market is showing gradual signs of recovery in Brazil. The confident forecast corresponds to the interest of Brazilian foreign investors in South Florida real estate; the numbers are so positive that the Miami Association of Realtors declared the country was among the top foreign countries buying homes in the city in 2018. However, South Florida has attracted Brazilian investors for some time, not only as an alternative to their country's real estate market, to invest and establish a source of income in dollars, but also as second homes to high-end buyers. All due…
read full article

First Interior Renderings from Okan Tower is released; Construction is Planned This Year

June 6, 2019
The Okan Tower project, an all-glass tower inspired by the Turkish national tulip flower, has launched the first interior rendering of the luxurious 70-story project. Until now, only external renderings were released. With construction starting this year, according to representatives of the developer, they are moving ahead with turning reservations to contracts. The project is 20% sold.
read full article

Sawgrass Mills announces multimillion-dollar renovation, the mall’s largest to date

Sawgrass Mills, a massive alligator-shaped outlet mall in Sunrise, the country biggest outlet mall and amongst the largest malls and tourist destinations in America, will have its common area remodeled by late 2020, just in time for the mall’s 30th anniversary. “Sawgrass Mills has evolved into a renowned global shopping destination,” stated David Gott, Sawgrass Mills General Manager. “The center has gone through six expansions and brought a long list of retail, dining and entertainment firsts to the market in its 30 years. We are excited to embark on the property’s largest renovation to date in our mission to deliver…
read full article

More Wealthy Moving to Florida Than Any Other State

May 31, 2019
The wealthy population of the United States was seeing ditching their high-tax states for Florida in the last few months, but a new study released by Bloomberg shows that the migration period started even before the tax changes had made the state more favorable to live. Bloomberg examined data from the Census Bureau and IRS during the years of 2016 and 2017. The results confirmed the state had gained the biggest amount of income due to migration in comparison to other states, surprisingly more than the seven times runner up Texas. The state of Florida earned $17.2 billion in net…
read full article

Miami: what is left to sell?

ISG Miami has recently released a new report analyzing Miami's current condo cycle and predicting what is yet to come. The study shows us developers have 2,101 new development apartments left to sell from this cycle, of those, 587 units were delivered, 1,331 are under construction right now, and 183 are in the pre-construction phase. Our current cycle began in 2012, and it is essential to note that the pipeline of new units excludes projects that have been filed in the last seven years and also does not include units available in the MLS. "We're calling this the supply shock,"…
read full article

555 River House is Coming to Miami

The distinguished architect Carlos Zapata is designing a new project called 555 River House in Miami, and it promises to change some of the Miami River area. With 175 hotel rooms and only 39 residential units, apartments will be sold at an average price of $1 million to $1.5 million ($1,150 per square feet). Sixty Hotels will run the hotel rooms and brand the residential units. Residents will share amenities with hotel guests. Another architect for the project is the office of O'Donnell Dannwolf and Partners. The project will also include: Three separate buildings 600-foot public riverwalk 120,000 square feet…
read full article

Miami Beach convention center hotel is redesigned; review is coming next

May 24, 2019
A new design for the Miami Beach Convention Center hotel has been modified and resubmitted for review. The new renderings show significant engineering modifications, including a design with less glass. The project will be built in place of the current surface parking lot next to the Convention Center. A one-story office building and the one-story and two-story sections of the back of the Fillmore Miami Beach, in the Jackie Gleason Theater building, will also be demolished. The plans kept the same number of hotel rooms: 800, plus 320 parking spaces. The tower itself remains the same, with 17 floors, but…
read full article

Construction of the largest mall of America is moving full speed ahead

The construction of America's largest mall is coming closer, according to a lobbyist and lawyer for developer Triple Five. In addition to the sewer project for the site being in an advanced stage, bids are being awaited until the end of the month for a state contract to extend the Turnpike and add capacity. A site plant has not yet been sent to the county, but experts say the wait is reasonable, as a project of this magnitude takes time to be designed. The project in the city of Miami will include 7.2 million square feet with towers as tall…
read full article

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…
read full article

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
read full article

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…
read full article

Terra Entering Partnership with Developer of Block 55 in Overtown

March 13, 2020
Developer Terra could soon enter Block 55 in partnership with Michael Swerdlow. On March 16th, Southeast Overtown/Park West Community Redevelopment Agency will vote on altering the deal with Swerdlow to enable Terra an ownership stake. Swerdlow will keep at least 63% of the project, with the remainder to be held by Terra, the agreement states. The CRA owns the land, and developers have until March 31st to complete the purchase of the property at the latest. Block 55 was accepted by Miami’s Urban Development Review Board in a meeting last month. Target will be anchored on its ground floor anchor,…
read full article

Developers Pay Off Eighty Seven Park’s $155M Construction Loan

Terra, Bizzi & Partners, New Valley, and Pacific Eagle, developers of Eighty Seven Park, just paid off the $155 million construction loan for the newly developed luxury condominium in Miami Beach. The construction loan was given by United Overseas Bank in 2017. The luxury tower located at 8701 Collins Avenue has more than 90 percent of its 66 units presold, according to a release. The 18-story building is Renzo Piano, star-architect, first residential construction in the Western Hemisphere. In December, the first closing started being recorded with 39 units closed to date, according to property records. Buyers from the United…
read full article

Mortgage rates dive to record lows on coronavirus frights

March 7, 2020
As the concerns about the effect that the coronavirus will have on the global economy increases, mortgage rates have dropped to their lowest level in the history of Freddie Mac’s survey of mortgage lenders, which began in 1971. The Federal Reserve cut interest rates Tuesday in an emergency move, according to the Wall Street Journal. The 30-year fixed-rate mortgage decreased to 3.29 percent from 3.45 percent last week, according to Freddie Mac.  The good news comes with a caveat because, typically, as mortgage rates drop, home sales rise. But with the coronavirus out there, some business had started hurting, with…
read full article

Making Progress: Mr.C Coconut Grove Receives FAA Approval

March 6, 2020
Everything is going smoothly at Mr.C Coconut Grove as developers start to make progress with approvals and permitting for the project. The 20-story twin towers recently received the approval by the Federal Aviation Administration to built at a maximum height of 315 feet above the ground, or 328 feet above sea level. The developer has also signed utilities deal with Miami-Dade to connect the building to the county's water and sewer system back in January. The project is now in the process of getting a construction permit, with John Moriarty as the contractor. Although they haven't received the permit yet,…
read full article

Streaming giant Spotify will anchor its Latin America headquarters in Wynwood

The streaming giant Spotify has settled its lease on a 20,000 square foot office space in Miami’s ultra-desirable Wynwood enclave. The announcement was made by the developers of The Oasis, where the HQ will be anchored. The project is currently under construction and should be completed in late 2020. Visitors and employees will be able to pick from several restaurants, a full-service bar, and much more, all-around a 35,000 square foot massively landscaped courtyard. Also featured in the project, is a stage with nightly live music with plenty of outdoor seating and the 75-foot tower that will rotate art installations.…
read full article

Tory Burch co-founder is Miami Beach’s Newest Resident

February 29, 2020
J. Christopher Burch, the co-founder of the fashion label Tory Burch and the founder and CEO of Burch Creative Capital, will shortly call Miami home. That's because he just bought a new residence in Miami Beach at 5050 N. Bay Road for $14.2 million. The 10,389 square-foot waterfront home has seven bedrooms, ten bathrooms, and one half-bathroom. The house faces Biscayne Bay with a 139-foot water frontage and dock. Fabio Lopes, from Coldwell Banker Realty, represented Burch and Douglas Elliman Senior Director of Luxury Sales in South Florida, Chad Carroll, and Realtor Associate Mariana Trentini represented the seller. Burch bought…
read full article

Eighty Seven Park: Here’s a first look at the newly completed beachfront project in Miami Beach

Eighty Seven Park, Italian architect Renzo Piano’s first residential building in the Western Hemisphere, is newly completed. Piano created the sleek, oval-shaped building in Miami Beach’s North Beach, intending to defy gravity.  “The building is made of 16 decks flying one above the other, floating above the beach and park. Those suspended decks catch the sound and light of the ocean. It’s a beautiful thing,” Piano told the press. “I know fighting against gravity sounds a bit mad, but it is quite interesting because the tension between the sky and earth adds a poetic presence. It’s not arrogant, it’s not possessive,…
read full article

Underline Park Opening Date Set For June

February 22, 2020
The first stage of Miami’s Underline, a 10-mile linear park, is set to in June, according to Meg Daly, the project creator. There will be five stages to the project, and Brickell is the first one. These phases will run from downtown Miami past Coral Gables (and the University of Miami) to South Miami. All five stages should be completed within five years.  
read full article

Contact Us For More Information

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.
x

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.