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Monthly Archives: March 2011
Whereas the project has been developed some years ago, the Downtown Miami condo Paramount Bay is getting a makeover before it opens its doors. The project wasn’t accomplished according to its original design so ST Miami, the private equity group who now owns the building, decided to upgrade it. Even if the price hasn’t been yet determined, it seems that the new designer will change common areas and corridors to a better quality. The remodeling should begin in a couple of months. The pre-construction buyers have been presented the upgraded project and they are currently in the process of deciding whether to go forward or not. Read the rest of this entry »
According to a study made by Moody’s Analytics, the State of Florida is expecting a 3% job growth rate in 2011. Such an increase is due to a rise in state’s construction industry of 26.7percent, while natural resources will grow about 4.6%, 3.1% for education and health services and 3.4 percent for leisure and hospitality. Tampa and Orlando are expecting a 3.4% job growth, around 3% for Jacksonville and Tallahassee and 1.7% for Miami.
This good news could mean that the economy is strengthening in Florida, especially in the Miami real estate.
Thanks to the Miami real estate market, Bayside Marketplace seems to become attractive again for the Miamians. Since the surrounding condos are filling up, Bayside sales have seen a double-digit growth. Blue collars from Downtown Miami and Brickell are coming to Bayside to have lunch or to get a drink in popular restaurants like Hooters or Fat Tuesday, they even go shopping in famous stores like Victoria’s Secret or Guess. Read the rest of this entry »