Greater Miami covers the hottest current real estate submarkets among which Coconut Grove, Overtown, the Arts & Entertainment District and North Beach are emerging. All of them are undergoing a renaissance of activity where land becomes scarce and pricing goes up.
Overtown is the historically African-American neighborhood where some mixed-used projects are about to act as true catalysts for more redevelopment projects. For example, All Aboard Florida’s Miami Central Complex is the last stop of Florida’s commuter rail line from Orlando to Miami. It will will include 4 towers hosting 1,300 condo units and hotel rooms, 5 rail tracks, a train depot, a garage, and 1M sqft of office and retail space. Read the rest of this entry »