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
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 »
In a global economical downturn, South Beach looks the other way. Numerous hotels and resorts are continuing to be built or renovated. The hotel industry has always been a major factor of South Beach economical growth. Despite the uncertain worldwide economical situation, South beach is still the scene of some major investments. Read the rest of this entry »
In 2014, Miami’s Museum of Science will be relocated in the Museum Park, next to the Miami Art Museum, on Biscayne Boulevard, right next to the AA arena. The construction of the 250,000 sq complex designed by Grimshaw Architects will take around 27 months to be built and will start this February.
First of all, Dade County is one of the most affordable big metro areas to live in (see graph below). As you can notice Miami ranks 7th lowest among the 16 major US cities, far behind NYC, Los Angeles and even Fort Lauderdale! Read the rest of this entry »
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 »