Another day and yet another new condo construction in Miami. The inventory of Miami Beach is about to increase with the tenacious construction of Park on Fifth. This 44-story luxury condo will be raised at 500 Alton Road with a welcoming location for visitors and residents of Miami Beach coming from the MacArthur Causeway.
Little have we discussed about to the current Miami condo’s oversupply. There are new constructions in every corner, that have pushed developers to find new ways of differentiating and stepping above their competitors. This new strategy is modifying Miami’s skyline.
Local developers are now outsourcing the exterior design to famous international architects. Buyers have so many options nowadays, that every detail counts when trying to be more appealing to luxury-seekers. From the parking garages and storages till the outer design of the tower, everything counts!
According to the MLS, the home sales year-over-year has fell in May for the Miami-Dade and Broward counties. This is probably due to the increase of median price in properties in these areas. Palm Beach, however, did make an exception with a slight plunge of price which means that their home sales actually increased. Surprisingly, the market which saw an increase of closed sales in April dipped this month.
The most high profile event of the year is here in Miami. Thousands of people are flocking the renowned Art Basel which means there are many many potential buyers. The question is how can the developers and brokerages attract them? Well, by providing lavish parties with musical and dance performances, plus art installations of course! Here’s a list of creative attractions that you must see! Read the rest of this entry »
87 Park
Eighty Seven Park rings the bell of rejuvenation of a once sleepy part of town.
It sounds like Mid-Beach needed the help of Pritzker Prize-winner Renzo Piano to revive. Indeed, Renzo Piano just came up with a 18-story building in the middle of the park located on 87th Street. The Western hemisphere had long been waiting for Renzo Piano to build a residential tower on this side of the planet! Eighty Seven Park is surrounded by the ocean, the park and the trees. Read the rest of this entry »
We are currently observing an increase in the resale inventory of South Florida’s condos. At the same time, almost 10,100 other condos are under construction. Does that mean that these new condos are the number 1 competitors of the resale market?
We are currently observing an increase in the inventory of Miami existing condos. At the same time, almost 10,100 other condos are under construction. Could the preconstruction market in Miami steal sales from the existing condo market? Read the rest of this entry »
As time goes by, the Miami skyline becomes more impressive and stunning. The newest Miami skyscrapers considerably contribute to its world-class attractiveness. The Magic City is currently the seventh city, ahead of Paris, in the top ten of Knight Frank’s 2014 global-cities index. Tourism is at record levels too. Nowadays, everyone is relieved and also surprised by the speed of the recovery of the real estate market. Read the rest of this entry »
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