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Fastest growing tech scene boosts real estate in Miami

June 14, 2019
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,…
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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…
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Miami Freedom Park: Beckham Group Reveals New Renderings

June 7, 2019
A new Miami Freedom Park website, attributed to David Beckham and his partners, is live; in which we can see new renderings of the park and more details of the concession proposal submitted to the city of Miami. “We look forward to working with the City of Miami to finalize the voter-approved, fair-market-value lease agreement that provides residents with an expansive public park, 11,000 construction jobs, 2,300 permanent jobs and more than $40 million in tax revenue, while using zero City taxpayer dollars,” said Jorge Mas, managing owner of Inter Miami CF. The terms of the lease includes: A 99-year…
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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.
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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…
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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…
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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,"…
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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…
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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…
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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…
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605 Lincoln Road Suite 302 Miami Beach, FL 33139
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Call Us At: 305 397 8788

605 Lincoln Road Suite 302 Miami Beach, FL 33139

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