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Natiivo Tower is already Half Reserved; it will break ground this year

January 17, 2020
All it's good at the proposed 50-story Natiivo tower, where within just a few months of sales, half of the building is already reserved. Reservations are now being converted into contracts. The future owners of Natiivo's 412 units will be allowed to rent their units for short term periods on any home-sharing network. "Natiivo Miami is outperforming the market, and sales are ahead of construction. We are going to contract, with 50 percent of the units presold," said Alicia Cervera Lamadrid, Managing Partner of Cervera Real Estate. "The pace at which this project is selling speaks volumes to how strongly…
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Miami’s Biggest Transit-Oriented Project, Park-Line Towers is Welcoming Residents

One of Miami’s most extensive transit-oriented development is ready for people to move in this month. The twin-tower Park-Line, which sits above the downtown Virgin Trains hub, offers more than 800 residences that are sure to give the area some new life. According to the developer, it’s one of the nation’s first genuine transit-focused development. The Park-Line development is Miami’s “most connected residences,” according to Brightline, offering to residents connections with the Brightline, Tri-Rail, Metromover, Metrorail, and Virgin Trains. Head of Asset Management Najam Syed said Park-Line Miami is going to provide residents with luxury living, something never seen before…
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Boomtown: Miami is Named One of America’s Top Growing Cities

January 10, 2020
The economic and population growth of Miami drove financial site SmartAsset to consider the city as one of the US's top growing cities. Magic City ranked fourth in the nation in the study and was the top big city. Analysts studied government data from 500 cities, and here is how Miami scored in critical metrics: A 5-year population change gain of 9.43%A 5-year average yearly GDP increase of 3.39%A 5-year change in the number of businesses to 8.79%A 5-year housing growth rate of 10.11%A 5-year shift in average household income to 31% (second highest in the top 10)
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New Rendering of Sky Bar & Rooftop Atrium Planned at Legacy Miami

Legacy Hotel & Residences at Miami Worldcenter recently released new renderings of the glass-enclosed atrium planned – the first of its kind in Miami, according to developers. The renderings show how unique the atrium, located at the top of the 50-story tower, will be. The place should be a public and private space, meaning it will be open to residents and the public, while also being rented out for events, marketing material states. A SkyBar will offer "endless sunsets," dining, and cocktails. An exciting, cantilevered glass poll will hang off the tip of the rooftop. The building's construction should start this year. 
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International Immigration Boosts Miami-Dade Population By 15%

Since 2010, Miami-Dade County has witnessed a significant population growth mostly fueled by international migration. The massive influx of foreign migrants indicates that approximately 15% of the county's residents were not in the country ten years ago (or less). Between 2010 and 2018, the county received 265,146 new foreign migrants, growing the population by 15.1 percent during that period. Miami-Dade ranks second in the country for population growth by international migration, following Osceola County, which rose 15.9 percent (Osceola was fed by immigrants from Puerto Rico, which are counted as foreign by the Census Bureau). Miami-Dade was still leading ahead…
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Moishe Mana Buys City National Bank Building in Downtown; Plans to Create a Tech Hub

January 3, 2020
Moishe Mana, the Israeli-born real estate mogul, has closed on yet another property. Now, he snapped City National Bank's former headquarters for $25 million, a 12-story, 140,000 square foot downtown Miami office building. He announced plans for a tech hub. With the latest purchase, Mana owns approximately 50 properties in the area and has accumulated almost $375 million worth of properties totaling over 1.3 million square feet of buildings on about half a million square feet of land. Mana is, by far, the area's most significant private landowner, declared an analysis by The Real Deal. City National Bank occupied more than…
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Fort Lauderdale/Broward County Leads the Nation in Home Value Growth Over the Past Decade

A research done by Redfin placed Fort Lauderdale/Broward County as the nationwide leader of in-home price growth over the past decade, against all major regions of the United States. In 2010, home values in South Florida were in the landfills, mostly as a consequence of the Great Recession between the years of 2007 to 2009, which ended in low prices and scores of foreclosures across the area. Nevertheless, buyers who bought a residence at that time in South Florida, particularly in Broward, should be delighted right now. The median home price in Broward increased by 161%, from $106,000 at the…
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20 New Buildings in 2020: Here is a List of Projects Rising Vertically this Year

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,…
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236M Loan Paid Off Within a Month of Opening the Fourth Tallest Building of Miami

December 27, 2019
Brickell Flatiron is the fourth tallest tower in Miami and is confirmed to be a huge success after the building’s developer paid off the Bank OZK construction loan. In November, the 64-story tower was given a temporary certificate of occupancy, with over 50 percent of the units sold in just the last four weeks.  Ugo Colombo’s CMC Group paid the $236 million construction loan off with Bank OZK issuing $138M for the property.  Bank OZK Managing Director of Originations, Greg Newman, said the bank was happy it could finance the Flatiron Tower, which exemplifies Bank OZK’s high standards of any…
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Why Miami is the Best City to Invest in 2020

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…
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Call Us At: 305 397 8788

605 Lincoln Road Suite 302 Miami Beach, FL 33139

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