The report by the Prime Global Cities Index about the luxury residential market has just been released. And as usual there is some pretty good data in here so let me give you a summary of what’s interesting. Read the rest of this entry »
Author Archives: miamicondoideasblog
Last week I had the chance to get a full presentation of the project 1000 Museum which was mentioned in my newsletter a few weeks back. After 8 years in real estate I am still so enthusiastic to see projects such as this one come to Miami. Here is the exciting news I got and the top secret renderings. Read the rest of this entry »
We already knew about the Jade Brickell, Jade Ocean, Jade Beach and the last baby known as the Jade Signature. Now we will also have the Echo Aventura and the Echo Brickell. Different geographical areas but same branding.
Just after launching Echo at Aventura, the ingenious Property Markets Group is now developing Echo Brickell. The building will be located at 1451 Brickell Avenue providing 175 opulent residences. I believe that this project will change Miami’s skyline forever knowing that the building will be 750 feet high. That’s massive! Read the rest of this entry »
We have been talking about the recovery of the real estate market for a while now. That’s a fact prices are going up and the inventory is very low. But let me tell you that the best recovery sign is the number of plnned projects for the area. Preconstruction projects are the proofs that developers are planning a long term success for their condos. And if they are planning on building it in Miami that’s only because they are sure that it is a safe bet for their business. How can you disagree with that!
As I try to update as soon as possible our website with news condos I am surprised to see how many projects are being launched. Just take a look at Miami skyline and you wouldn’t believe how many cranes are part of the new skyline ! So let me try to tell you which project you should keep in mind: Read the rest of this entry »
Every time I pass by the convention center I say to myself that the place really needs some remodelling. That is why I was thrilled last summer when I learnt that voters approved to pay for work on the Miami Beach Convention Center. Indeed, Miami Beach voters gave the City Commission the authority to increase resort tax to finance major improvements to the Miami Beach Convention Center. The funds will be used to expand, enlarge, renovate and improve not only the Convention Center but also the Fillmore Theater, the city hall and a hotel. Read the rest of this entry »
As you all know by now, the Genting Group is developing the famous Resort World Miami and we are all looking forward to see the ground breaking this summer. The least we can say is that the plans for the project have surprised me. We all dreamt about the casino but unfortunately it’s not planned yet. Instead the developer decided to go green. The group is creating parks, a luxurious bay walk and view corridors. It still sounds pretty good! Read the rest of this entry »
A few years ago, the Opera Tower had some troubles selling units. But the issue seems to be resolved. Indeed the building has now sold the 2/3 of its units. What are the reasons for a sudden interest on that building?
The best explanation I can give you is the fact that the developer decided to attract buyers thanks to financial help and leaseback program. Read the rest of this entry »
Fortune International is once more launching a great project in Miami and more precisely in Sunny Isles. Jade Signature is the result of a great cooperation between this successful developer and the Herzog & de Meuron architects. With a parallelogram shape you will easily recognize this building which moreover has no concrete columns to be seen on the outside or in the inside of the condos.
The Jade Signature will have 224 units. The building being slightly tilted, it will provide more southern exposure or southern sun into the condos. This is a great selling point! You will find there from 1 to 6 bedrooms with wide balconies. The amenities will answer all your expectations: three pools, a theatre, a children playground, a gym, a beach grill, a spa, a library and even a breakfast lounge! Nothing is missing! Read the rest of this entry »
Last week I concluded the article talking about the enthusiasm which has been growing around Miami these past decades. All that interest toward the city allowed developers to get more and more confident about investing in Miami. From 2000 to 2005 many projects were launched. For several years the market was doing great and prices were going through the roof. But we all know the story of the 2006’s crisis and how it affected the real estate market. Clearly Miami has not been spared. Between 2006 and 2010 two third of the sales were distressed one. Read the rest of this entry »
Last week I ended the first part of this article saying that Miami has become an international magnet. However the city had nine lives before getting there! Indeed, let me remind you that back in 1970 buildings were run down, inhabited by elderly residents, and the criminality rate was hitting its record.
This is why in 1976 Barbara Baer Capitman and her son founded the Miami Design Preservation League. Their objective was simple: to give a second life to the city. They launched the restoration of the Art Deco architecture and the renovation of the Historic District. This started Miami’s revolution. The other eight lives can be summed up to the world famous Calvin Klein’s Obsession photo shoot which brought the model industry to Miami, or the release of movies as Scarface and Miami Vice and finally the legendary Versace legend. Read the rest of this entry »