Why Choose Miami for Your Next Real Estate Venture?
The Miami real estate market is one of the most vibrant and dynamic in the country, with a wide range of properties available for buyers, sellers, and investors. Whether you’re looking for a luxurious waterfront mansion, a sleek and modern high-rise condominium, or a cozy single-family home, you’re sure to find something that fits your needs and budget in Miami.
One of the key factors driving the Miami real estate market is its location. The city is situated on the Atlantic coast of Florida, with easy access to beautiful beaches, world-class shopping and dining, and a wide range of recreational and cultural activities. This makes it a popular destination for both residents and visitors, which in turn helps to support a strong and stable real estate market.
Another important factor that contributes to the strength of the Miami real estate market is the city’s diverse and growing population. Miami is home to a large and diverse community of residents from all over the world, which helps to create a unique cultural scene. This diversity also makes Miami a popular destination for international buyers and investors, who are drawn to the city’s unique blend of cultures and styles.
Despite the ongoing global pandemic, the Miami real estate market has remained resilient and continues to thrive. In 2020, the prices for luxury real estate in Miami increased by around 20%, despite the economic downturn caused by the pandemic.
Miami is a fantastic place to buy, sell, or invest in real estate. With its location, growing population, and diverse range of properties, Miami offers something for everyone. Whether you’re looking for a primary residence, a vacation home, or a rental property, Miami is a great place to invest your money in real estate.
Uber and Miami’s Brightline Joining Forces
Uber and Miami-based Brightline have teamed together to give customers more transportation choices throughout South Florida.
The collaboration aims to satisfy client demand and improve Brightline+, a door-to-door service that already offers electric golf carts, airport and event shuttles, and door-to-door transportation.
According to the passenger rail firm, Uber will increase the number of vehicles available to passengers on the Brightline+ network. In the United States, this is the first time Uber has connected to a faster intercity rail service.
The Brightline app or website now allows users to add shared or private Uber rides when purchasing rail tickets. By guaranteeing a driver is waiting curbside to take passengers to their next location, the new in-app booking function aims to eliminate wait periods.
While Smart users can pay to add additional journeys to and from the station without distance limits, Brightline Premium passengers will receive complimentary rides within a 5-mile radius.
The fixed-route and electric vehicle shuttles of Brightline+ will still offer walkup rides. Destinations in Miami Beach, Miami International Airport, and Fort Lauderdale-Hollywood International Airport can all be reached via fixed-route shuttles.
In order to make it simpler for users to reach the stations and destination points, Brightline+ was introduced in 2021. Currently, Miami, Aventura, Fort Lauderdale, Boca Raton, and West Palm Beach all have Brightline stations. This year, it intends to start offering service to Orlando.
Casa Tua Announced in Brickell by Fortune International Group
In Miami’s Brickell district, Fortune International Group is developing Casa Tua, an opulent residential skyscraper that will allow short-term rentals.
According to Fortune CEO Edgardo Defortuna, Ora by Casa Tua, a 70-story development with roughly 460 residential units, is proposed for the 1210 Brickell Avenue site. Early in the next year, Fortune will start accepting reservations.
The skyscraper will be the company’s first residential development. According to insiders, Miky and Leti Grendene’s hospitality business has been in discussions with developers for a long time. The Food Hall on Saks Fifth Avenue in Brickell City Centre and the Casa Tua main location are both in Miami Beach. Additionally, a Casa Tua Cucina restaurant will open in Miami’s Wynwood’s planned Nomad Wynwood Residences development.
Two new restaurant concepts, a 24-hour market, entertainment lounge, fitness, and wellness center, a three-story sky garden, and a rooftop club with a pool, jacuzzi, cabanas, and a bar will all be included in the mixed-use Brickell tower. The hotel management and marketing will be handled by Casa Tua.
According to Defortuna, the condos will have sizes ranging from 600 square feet for studios to 2,400 square feet for four bedrooms, with prices between $800,000 and $2.5 million. Defortuna predicts that a sizeable fraction of owners will profit from the option for buyers to rent out the apartments on a short-term basis. The lowest two-thirds of the skyscraper will feature between eight and ten units per floor, while the upper third of the tower will have fewer, larger units with an average of six units on each level.
The building is geared toward a younger clientele and offers a wine-tasting bar, a 24-hour grocery and bakery, a restaurant near the pool, and an equipped lobby.
Depending on sales milestones, he said, construction may start in late 2023 or early 2024.
According to property records, the property is owned by Patagonian Investment Internacional LLC, which is run by Argentine investors Federico Carabetta and Vicente Luis Carabetta. Next year, Fortune will close the location and destroy the parking garage to make way for Ora by Casa Tua. The garage is close to the office building at 1200 Brickell Avenue, which still houses the Dirty French Steakhouse owned by Major Food Group.
Casa Tua has outlets outside of Miami in Aspen and Paris and will establish a restaurant and lounge in New York City in Surrey, a Reuben Brothers venture, the following year.
Taurus Investment Holdings and The Congress Group Switch Civica Development from Office to Residential
The focus of Civica’s plans is shifting from offices to residences in recently updated plans for the development. In the previous plans, the development was set to rise 22 stories tall with a height change to 27 stories or 310 feet.
The changes also include 342 residential units, luxury amenities, commercial and office space, and an 8-level garage with 590 parking spaces.
The property is located five minutes walk from the Civic Center Metrorail station. The land sits right behind the 836 Expressway, which is being reconstructed as part of the Signature Bridge project.
Currently on the site is a three-story shopping center with 74,463 square feet, as well as a 4,768 square-foot bank branch. While the tower is being constructed, both of those buildings would still be present, albeit their parking spaces would be moved to the new parking garage for the complex.
The Miami Urban Development Review Board is scheduled to examine the project at a hearing on December 21. The architect for the project is listed as Cube 3 and the developers include Boston-based, Taurus Investment Holdings, and The Congress Group. The developer purchased the site for a combined $30.5 million in 2020.
New Development Announced in Brickell-Westpine
Westpine, a 43-story residential tower, has just had its plans submitted in Brickell. Westpine will have a 474-foot high peak and will feature 328 residential units, 1,155 square feet of retail, and 357 spaces for parking.
A multifamily building with 24 units that was built in 1964 is currently on the 0.7-acre site.
Westpine Brickell LLC is listed as the developer and Behar Font Partners as the architect. Westpine Brickell LLC, an affiliate of Westpine partners originally purchased the site for $11.53 million.
Instead of being referred to the City of Miami for review under city zoning regulations, the project was submitted to the Miami-Dade County Planners for review under their Rapid Transit Zoning Metromover Subzone.
On December 9, a pre-application meeting with county planners was sought.
Brickell, also known as the Financial District of Miami, is home to a large number of international banks such as HSBC, Espirito Santo Bank, and Banco Santander.
These Brickell Miami banks are predominantly located along Brickell Avenue – the main thoroughfare running through Brickell Miami and extending north to south from the Brickell Avenue Bridge to the Rickenbacker Causeway.
Brickell Miami is considered to be one of South Florida’s most prestigious neighborhoods and is a perennial favorite place to live among affluent, young professionals.
Aria Development and Merrimac Ventures Buy Miami Worldcenter Site for $17.5 Million for Proposed Condo Building
After purchasing a redevelopment site for $17.5 million, Aria Development Group and Merrimac Ventures have proposed a new Miami Worldcenter condominium building.
According to records, the joint venture paid the labor union $11 million to take over the former Miami headquarters of the International Longshoremen’s Association at 33-55 Northwest Sixth Street. According to a press statement, Aria and Merrimac also paid $6.5 million to acquire a neighboring unoccupied 1.2-acre site from a partner of Miami Worldcenter developers Art Falcone and Nitin Motwani.
The project calls for a 32-story skyscraper with about 600 fully furnished residential units with no limitations on short-term rentals with pricing starting at $395,000.
The final construction plot that was up for grabs in the Miami Worldcenter district was purchased by Fort Lauderdale-based Merrimac, led by Nitin and Dev Motwani, and Miami-based Aria, led by principal David Arditi, according to Mattingly.
Merrimac and The Related Group partnered earlier this year to pay $12 million for another Miami Worldcenter development plot at 601 North Miami Avenue, The Crosby, a 33-story, 450-unit condo tower that will also be accommodating to short-term rentals.
Miami Worldcenter, a $4 billion master-planned mixed-use city, is luring titans of the real estate sector to make investments in the area. For a property at 697 North Miami Avenue that was previously permitted for a 40-story, 429-unit skyscraper, a business connected to WeWork co-founder Adam Neumann received $108 million in construction financing in February. Neumann also owns the Caoba apartment complex, which is a nearby residence.
A.5-acre development site on Northwest 10th Street and North Miami Avenue was purchased by San Antonio-based Lynd Living in August for $30 million. Although a 650-unit apartment building is permitted on the plot, Lynd hasn’t made its official plans public.
One acre at 1016 Northeast Second Avenue, where the New York-based developer intends to construct a two-tower residential complex, was purchased by Naftali Group for $40.5 million a month later.
3 Tower Development Proposed at 3333 Biscayne Boulevard
According to a filing with the city planners, plans for a 3-tower mixed-use complex at 3333 Biscayne Boulevard in Edgewater have been made public.
The three towers themselves will be labeled as East, West, and North towers. The East tower is proposed to be a residential tower that will rise 41 stories tall with the North tower, also residential rising 40 stories tall. The West tower will be mainly a commercial tower with available office rental space rising 12 stories.
The development will also include 635 residential units spreading over the East and North towers which will also include 9 townhomes. There will also be 1,210 parking spaces throughout the 8-level garage. The office space will include 156,989 square feet and 19,180 square feet will be dedicated to the ground floor commercial spaces.
In a statement from the Developer, the three towers and a podium were developed by the project architect without overcrowding the space. An office tower on Biscayne Boulevard has a staggered design to wisely avoid reaching its full authorized height. To optimize separation and prevent crowding, the two residential buildings are set apart from one another at a diagonal angle. Nine ground-floor townhome units and a courtyard are positioned along the north and east facades of the project’s podium level, where they are intended to keep public spaces active.
The Applicant is happy to have generated an amazing design without the requirement for Waivers, Warrants, or Exceptions due to the Property’s enormous acreage and a private agreement among the owners of the united parcels to divide development rights among their sites.
A covenant in lieu of unity of title is being used in the proposal to use development rights from nearby properties that Aimco owns.
The architect is credited as Stantec. The developer had previously been identified as Beitel Group.
On November 16, there will be a hearing before the Urban Development Review Board.
Setting records as Miami’s first “supertall” tower, the structure, will rise 1,049 feet and 100 floors above Biscayne Bay. This will be the tallest residential tower south of New York City.
In attendance were Ryan Shear, managing partner at PMG Development, Mohair Hospitality, Bamo Inc, Greybrook, and architect Carlos Ott.
Along with 205 guest rooms and suites, the Waldorf Astoria Hotel & Residences Miami will have 360 private residences. Nine glass cubes that resemble Jenga will be part of the tower itself.
The building’s design, which was overseen by Sieger Suarez Architects in association with renowned architect Carlos Ott and award-winning interior design firm BAMO, is incredibly distinctive and stands out even among the busy Miami beachfront.
According to the developers, 180-foot-deep foundation piles are now being built by drilling and concrete pouring. According to the developers, 180-foot-deep foundation piles are now being built by drilling and concrete pouring.
Work won’t be slowed down because a building permit to start the vertical work will likely be obtained in a few months, according to the developers.
The tower is expected to be finished in 2026.
If you or anyone you know has an interest in acquiring it, contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Updated Renderings Revealed for MG’s New Village of Coral Gables 48 Residence Tower
Prior to breaking ground and shortly after the official launch of its cutting-edge, on-site showroom, MG Developer unveiled updated renderings of the opulent interiors of The Village at Coral Gables new development.
The Village at Coral Gables, which offers 48 units spanning over four separate collections—Townhomes, Lofts, Villas, and Flats—is one of the most eagerly awaited development to enter Coral Gables’ market.
The style and size of the units varies, ranging from elegant flats with two bedrooms, a study, and a balcony to attractive townhomes with four bedrooms that are 1,750 to 3,100 square feet in size. The traditional yet contemporary village will also have smart recreational features for residents to enjoy, such as a Club House, Fitness Center, Business Center, and a Pool with a Pool House.
The Village at Coral Gables site is situated at 535 Santander Avenue and spread across 17 lots. By 2024, the $50 million development should be finished according to the developer.
The project’s carefully chosen interiors pay homage to Seville, Spain’s aesthetic elegance and way of life, and carry on the heritage of Coral Gables’ creator and dreamer, George Merrick, and his idea of “The City Beautiful.” Furniture was chosen from RH (Restoration Hardware), which has established its design dominance in the market for luxury lifestyle products.
The Mediterranean Revival-style design of The Village at Coral Gables will be modeled after the Ibero-American Exposition of 1929 in Seville’s Plaza de Espaa, which served as the neighborhood’s energetic hub and was ringed by gardens, courtyards, and magnificent fountains.
MG’s design team, lead by architect Maria De La Guardia of De La Guardia Victoria Architects & Urbanists, was inspired by Merrick’s seven towns and created ageless architecture that blends with the naturally lit houses, facilities, and common places.
The Village at Coral Gables is surrounded by lush, tree-lined streets that give the impression of being in the suburbs, but it is actually just a short stroll from Downtown Coral Gables, as well as being close to some of South Florida’s most prestigious golf courses, The Biltmore Hotel, popular tourist destinations, and top restaurants. The Village at Coral Gables is positioned to sell out rapidly because of all the amenities it offers, as well as its magnificent design and luxurious lifestyle.
