All the big names are doing one thing: they throw lavish parties. A condo project typically needs to sell 50 to 60% of their inventory before being able secure construction fundings from banks. This is probably why they are doing everything they need to attract buyers. This is especially so when bank loans has dried up for new upcoming projects. Read the rest of this entry »
Tag Archives: South Beach real estate
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 »
Yesterday I went to the presentation of the mall which is going to be located at the entrance of South Beach, between 5th and 8th and Alton and West. In total it’s an 8.7 acres vacant lot which corresponds to 3 blocks. It is definitely time to do something in this muddy vacant lot…. Read the rest of this entry »
This week, Condoideas Realty Group’ team has had the pleasure to discover a new condo located in the heart of South beach, in front of Collins Park. Artecity is what we can call an intimate upscale residential community. ST Residential has bought over the project and is injecting 10 million dollars to finish it.
Located in the pretty agitated South Beach area, Artecity is surprisingly a quiet and relaxing enclave. 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 »
2011 has been an amazing year for Miami Dade County real estate market. Compared to last year, number of units sold rose 46% for existing homes and 58% for condos. The number of units sold this year has even surpassed the real estate boom year’s sale of 2005. Read the rest of this entry »