It’s the third quarter of 2017 and Miami real estate continues to attract buyers from all over the world despite the slowdown last year. A strong dollar and weak foreign economies were the biggest factors for 2016’s sales decrease ( down 25% in the first six months). However, this year seems to be a new chapter. Investors and homeowners are slowly gaining confidence. Let’s take a look at some key-points to better the understand the evolution of the Miami real estate industry. Read the rest of this entry »
Tag Archives: Downtown Miami condos
Sam Tawik, a well-known New York developer, just invested $12 million in the area of Midtown Miami. Indeed he bought 27 apartments in the fabulous condominium 4 Midtown (see picture). If he is investing such an amount there, he must be pretty sure that Midtown Miami will become soon the new Soho.
In the early 60’s artists bought lofts there for at most $50,000 and these properties are now worth $3 million. Tawik values the short term appreciation in Midtown and thinks that the prices of the area will follow the Soho trend. Tawik’s strategy is simple: he is buying units which have highest end user demand and which appreciate in value the quickest. No wonder why he can hope a 35% of return on his investment within 3 years! Read the rest of this entry »
On February 1st, the Adrienne Arsht Center for the Performing Arts has hosted a major event for downtown Miami’s future. The Town Square Neighborhood Development Corporation and Cesar Pelli who was already the Arsht Center’s architect did finally unveil their unsettled project for the area. Their idea is to develop a pedestrian-friendly and well equilibrated neighborhood by mixing educational, cultural, housing, recreational and commercial areas. Read the rest of this entry »
Ideally located in the hearth of the city, right next to the Marquis condo, Resorts World Miami will definitely become one of the major hot spots of the city.
With an innovative design, and many leisure amenities including four hotels, a shopping mall, a huge convention center an entertainment area and much more; the project is certainly be a good way to spread some activity to a quite underactive area. Read the rest of this entry »