Miami Condo Investments

While walking the parameter of Icon Brickell yesterday, I noticed that construction on Miami Circle Park had already begun.  For those of you who don’t know, Miami Circle Park is located directly north of Icon Brickell along the Miami River.  The purpose of the park is to preserve a 2,000 year old Tequesta Indian site that was discovered in 1998.  Brickell is in dire need for green space and this will be a welcome addition to the neighborhood.

Late last week, I showed a few condos at The Club at Brickell Bay to a client.  On our way out, I noticed a pair of poster boards alongside a voting box in the lobby.  The voting box urged condo owners to vote for one of two plans to renovate the building lobby with the following descriptions below each option:

Option 1:  A royal blue scheme, referencing existing color tones, but done in a much more opulent and sophisticated manner, with new porcelain tile flooring, area rugs below new seating areas, wall covering, drapery feature wall treatment (while keeping the window wall unobstructed), reception/concierge desk, central feature table, ceiling treatments, light fixtures and artwork/accessories/greenery

Option 2: A neutral champagne scheme that is a more distinct color departure from the existing blue, but nearly identical to Option 1 in terms of architectural design treatment with the exception of a mirror installed in place of artwork, and circular rugs in lieu of square at the seating areas

The best news of all is that I heard that there’s enough money in the budget to undertake such a project.  Maintenance fees will not increase as a result of the renovation project nor will a special assessment be levied.  Looks like the building has come a long way since management was replaced a few years ago.  I remember the days when The Club at Brickell Bay had difficulties paying its own operating expenses.

We get a lot of calls from people who are interested in buying a short sale condo but aren’t exactly sure what a short sale is or what the short sale process entails. On yesterday’s show we answer several frequently asked questions regarding short sales and also discuss how a short sale differs from a foreclosure, also known as an REO or real estate owned. At the beginning of the show, we discuss three Miami foreclosure condos that came on the market recently: One Miami #1426, Courvoisier Courts #203 and Solaris at Brickell #1601. This is our longest video to date but a lot of good information is provided.

We put the finishing touches on our Marquis Miami condos website earlier this afternoon.  Once again, we’re delighted with the end result and are proud to officially launch it.  The site is dedicated to condo news, listings and information specific to Marquis.  There you will find Marquis available condo sales, available rentals, recent sales, recent rentals, floor plans, charts, videos, resident reviews and a blog dedicated to all news relevant to Marquis.  Listings for Marquis condo sales and rentals are updated every 24 hours.

This is the third website that we’ve launched within the past month.  We are very pleased with the success of our Marina Blue condos website.  Within a month of launch Google has already ranked it number 12 for the keywords “Marina Blue condos”.  I’m confident that it will continue to move up the rankings in the months to come.  We’re currently working on a building specific website for 900 Biscayne Bay condos.  That website should be finished within the next two weeks.  Our plan is to then launch a website dedicated to Paramount Bay condos in preparation for when the building begins closings.

Topics we cover in this episode:

• Trump Towers 3 in Sunny Isles Beach is now available for sale
• 1800 Club announces a developer blow-out sale of their last 30 remaining condos
• Media towers pass final vote
• The developer of Artecity, a South Beach condo development, filed for Chapter 11 bankruptcy protection