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Virgin Trains announces construction of the extent between West Palm Beach and Orlando

April 27, 2019
The Virgin Trains - formerly Brightline - recently announced that it is ready to build the stretch between West Palm Beach and Orlando. The company was able to raise with investors no less than $ 1.75 billion in resources to expand the high-speed train to Orlando. Today the train already connects Miami, Fort Lauderdale and West Palm Beach. The Virgin's expectation is to complete the works by 2022 to build 170 miles of rail lines that will connect the station from Downtown Miami to Orlando International Airport. The company said works are already going to start. "Connecting Miami to Orlando…
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South Florida Opportunity Zone Investments Strong Even Before Latest Guidelines

The appetite for opportunity zone projects was already active in South Florida before the federal government released the second round of regulations. In most real estate circles, developers and investors were seen as waiting for the latest guidelines before embarking on projects. The relatively robust market had emerging areas like the Miami River District and Delray Beach, and preliminary regulations were enough for some developers to embark on projects before the Trump administration released another 169 pages of guidelines recently. "Initially, just the law itself was really attractive and powerful for real estate developers who want to build and hold…
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2019: Miami Beach’s Luxury Market Improves in the First-Quarter

April 19, 2019
The luxury market in Miami Beach, Florida—including both condos and single-family homes—improved during the first quarter of 2019, according to a recently released report. The median sales price of luxury single-family homes, defined as the top 10% of the market, soared 61% year-over-year to $10.1 million, according to the Douglas Elliman report. The number of sales—nine—remained the same as last year. Meanwhile, inventory dropped 38.5% to 152 homes. The median sales price of luxury condos climbed 12.7% to $3.23 million in the first quarter of this year. The sales volume slipped 2.8% to 70, while inventory shrank 6.6% to 1,006.…
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Royal Caribbean Wants to Build $300 Million HQ Building at PortMiami

Royal Caribbean is proposing to build a $300 million office campus on land owned by Miami-Dade County at PortMiami as an expansion of their global headquarters there. A new building would be constructed, while two existing buildings would be renovated, and a third demolished. Employee capacity at the HQ will increase from 2,200 to 4,200. The additions include: 10-story, 350,000-square-foot office building 7-story parking garage with 1,820 spaces Surface parking, greenspace, fitness center and daycare Art in Public Spaces installation at the campus The new building is designed to look like a ship, with the company’s logo on top visible…
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Brazilians Are Leading Foreign Real Estate Investments in Miami

Brazil is the number one foreign country purchasing real estate in Miami, according to a report by the MIAMI Association of Realtors Commercial and the National Association of Realtors (NAR). According to the report, Brazilians were responsible for 12 percent of all foreign purchases in South Florida last year, followed by Colombians and Venezuelans (11 percent each), Argentinians and Canadians (8 percent each), and Mexican, French, and Italian buyers (4 percent each). Brazilians bought the most properties in the Miami-Dade County, where Miami Beach is located, but invested in the Palm Beach and Broward counties as well. Miami Chairman of…
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57 Ocean breaks ground in Miami Beach

April 6, 2019
Billionaire Jose Isaac Peres' development firm has broken ground on 57 Ocean, an 81-unit condominium project along the ocean in Miami Beach. Prices in the 18-story tower at 5775 Collins Avenue range from $ 1.5 million to $ 31 million. Floor plans start at 1,245 square feet of interior space. There are two beach houses and two penthouses. The project will feature an outdoor yoga deck, underground parking, and vertical gardens. Amenities include a spa, relaxation and meditation area, infinity pools, pool bar and lounge, club room, gym, library and much more. Peres, whose equity is estimated at $ 1.3…
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Miami Commissioners gives the green light to another starchitect mega project

April 5, 2019
Bjarke Ingels Group has obtained approval from Miami commissioners to build a project in the industrial heart of Allapattah. The Miami Produce Center project sits on stilts and will feature offices, educational facilities, residential units, a hotel, and parking. The eight-building complex will cover more than 8 acres in the northwestern region of downtown Miami. Located on 12th Avenue and 21st Street, the site was purchased for $ 16 million in 2016. Robert Wennett, the entrepreneur behind the project, also bought warehouses and buildings throughout the Miami industrial area. The BIG proposal presents an external orthogonal geometry with variations in…
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Florida: the best state for investors to own vacation rentals

A new ranking released by Rented.com analyzed 150 cities, and the return investors could be making with vacation rentals. The results? The Sunshine State snitched the first 19 positions, according to Forbes. The report took into consideration the costs associated with buying and owning a home in each city, local regulations on short-term rentals and the demand for vacation homes based on data from Rented.com as well as Airbnb. In second place came California, with 13 cities and Texas in third, with nine towns. The top five cities were Pigeon Forge and Gatlinburg ranked first and second, cities from Tennessee,…
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Colossal Little Haiti project with $31M aid get initial approval

March 30, 2019
This Friday, Miami commissioners gave the first approval on the massive commercial and residential project that would irreversibly alter Little Haiti. The debate included a $31 million aid package from the developers to alleviate its impact on the underprivileged community. The project that would sprawl over nearly 18 acres straddling Northeast 62nd Avenue, would bring towers as tall as 25 stories to a low-scale neighborhood of modestly scaled one- and two-story buildings, raising fears of accelerated displacement in Little Haiti amid a wave of gentrification. The vote doesn’t mean a green light to developers yet, the commission approval still needs…
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Florida International University is building the first university hotel in South Florida

March 29, 2019
This week the Florida Board of Governors agreed on a partnership amongst Concord Benchmark LLC and FIU to build a $66 million 150-bed hotel and conference center at the 342-acre Modesto A. Maidique campus in West Miami-Dade. The project will also feature a 32,000-square-foot conference center and a 13,700-square-foot Alumni Center, which can be used by FIU alumni for business gatherings, social and academic. The facility is planned to be completed by the fall of 2021. “This project brings together our vision for an alumni center with a privately-funded hotel and conference center that will serve the university, the surrounding…
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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.