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  • Downtown Miami Continues To Grow! August 23, 2014

     

    Downtown Miami Skyline

    Downtown Miami continues to grow as a major metropolitan area continues at breathtaking speed. Luxury condominiums have transformed the empty lots that once were. Data confirms that Downtown Miami is one of the most active residential real estate markets in the country!

    Fears of excess inventory is now a time of the past, since all units built are fully occupied. Downtown Miami continues to grow and is attracting buyers and renters who are interested in the area due to market value, pricing, location, and the lifestyle of live, work and play. The downtown area combines a vibrant business environment with an urban energy. Downtown Miami residences offer resort style amenities, a convenient walkable environment including entertainment, recreation facilities, restaurants and shops.

    According to reports on the Greater Downtown Miami Real Estate Market, occupancy of the 23,000 condo units are now at a remarkable 97 percent! Renters make up more than half the current occupants in downtown. Renters are mostly, young professionals following a national trend of relocation to urban areas. There is now a 24 hour presence in the area and disposable income.

    The real estate downfall didn’t last long, prices and sales picked up significantly than in other major cities. The average sales price in the first quarter of 2013 was $425,498 up 21% over the same period in 2010. The fear of many that it would take years to absorb the inventory of unsold units have diminished. Demand outpacing supply has brought back the construction cranes, in Downtown, Brickell and Edgewater areas. Also, several retail and commercial projects are underway including Metropolitan Miami a mixed development anchored by a 35,000 square foot Whole Foods, another is Brickell City Centre’s with a completion date of 2015 will consist of a 5.4 million square foot mixed-used project which will cover four city blocks. The development will bring luxury retail shops, food and entertainment, two residential towers, a hotel, a wellness center and offices. The other development in the works is Miami World Center located from NE Seventh Street to NE 10th Street between First Avenue and Second Avenue just steps from the American Airlines Arena, and it’s expected to break ground in late 2014. This will bring heavy hitters such as Macy’s and Bloomingdale’s as well as a Marriott Marquis World Convention Center Hotel on nearly five acres west of the newly unveiled retail project. It will be the first time for Bloomingdale’s to be part of the Downtown Miami area, Macy’s current location at Flagler Street is not sure if it’ll stay open.

    Come to the Downtown Miami area and experience the growth! From what it use to be to what it is now and will be..

    Written by: Zoila Perez-Chanquet.

    I live and work in Downtown Miami and love it! I’ve lived in the area since 2007 and I have seen the growth. It’s a wonderful, fun, and exciting area to call home, now more than ever. Grow with us, relocate to Downtown Miami!

    Who better to answer your questions than a local, contact me. 305-951-3588 or visit me in the heart of downtown miami!

  • Port of Miami Tunnel – Ready for Business! May 19, 2014 Port of Miami Tunnel - Ready for Business!

     

    Port of Miami Tunnel – Ready for Business!

     

    The Port of Miami Tunnel ready for business, finally expected to open Monday, May 19, 2014 and be open for traffic on May 29th! Many opposed this venture, but being a Downtown Miami resident, it’s great news to know that it will be open for business, as they say, late this month.

    There are so many 18 wheelers, on our roads, slowing traffic, making it dangerous for pedestrians, that many downtowners are celebrating the tunnel. A study found that nearly 16,000 vehicles travel to and from the seaport through downtown streets each weekday. It found that truck traffic makes up 28% of that total.

    The two-tunnel, toll-free system will take drivers from the MacArthur Causeway underneath Government Cut to PortMiami (and back again). It is said to be “the safest tunnel in the United States”.  It is also Hurricane proof, the large doors will drop down immediately when a hurricane is headed our way. The Port Miami Tunnel is on budget!

    We are all anxious for the Port of Miami Tunnel to be open for business!

    For detail info click here

  • Downtown Miami Herald Building Demolished! April 30, 2014 Downtown Miami Herald Building Demolished!

    The Downtown Miami Herald Building finally took a beating! Wow, on Monday half of the South side of the Iconic “Miami Herald” building was demolished. The Genting group reported days earlier that “there will not be an implosion/dynamite” which turned out to be false. The dust plumes reached all the way to Biscayne Boulevard. Not a pretty site! We will have to stay tuned for the day when the rest of the Miami Herald will be demolished and gone. For boaters and drivers of the Venetian Causeway, this will be an odd site. The Miami Herald building began construction in Biscayne Bay in 1960 and stood the test of time until 2013.

    It’s all part of the changes happening in Downtown Miami. Out with the old and in with the new, as the saying goes. The Genting group’s proposed mega resort will take the place of this historic building. The Genting Group also purchased the Omni. According to sources, if casinos are approved, the Omni will be a temporary shelter for the slot machines and roulette tables!

    To read more of the history of Miami click

  • Miami: The Beach, The Sun and The Real Estate! April 21, 2014

    Miami’s numbers are in! Miami Real Estate sales are at the highest during this first quarter taking into consideration the last eight years! Isn’t that wonderful news, we are finally moving forward from our devastating Real Estate meltdown. It took us a while but we are finally up, up and away!

    Waterfront communities posted 5,133 closed sales during the first quarter for a gain of 3.9 percent according to real estate data. Miami’s median sales price rose 16.1 percent to $ 244,000. Properties days on market average was reported to be 58 days! The overall real estate market is doing excellent throughout South Florida.

    This is great news for those of us that own properties in Miami. Our property values are no longer under water. It’s also a great time to sell because the inventory, in most areas, is low and buyers are fighting to enter the market. I currently have a listing that received five offers, all, over value. Of course, in a sought after location, priced right, and staged wonderfully. The owners and I are very excited!

    Who wouldn’t want to live in Miami? Sun, beaches, growth and opportunities are the main reasons why everyone, now, wants a piece of the pie. Remember when Miami was a sleepy town. Consider Miami Beach back in the days, it was a depressing site, and look at it now. I remember when South Pointe had a parking lot! I just recently found out that this lot was the original lot from when the dog track was located on South Pointe. In my era, kids use to skip school turn on the music and have a ball in that lot! I also remember the big fight that took place there, bottles thrown everywhere and many injured. After that, the lot was torn down. What memories! Does anyone remember?

    In Downtown Miami, the Dade County Courthouse was the tallest building in the county, at one point. Can you imagine? Look at it now! The Florida East Coast Railway use to bring passengers into the area, now they are planning on bringing the trains back. Downtown Miami is among the areas with large growth potential. Many small mom and pops stores are times of the past with many new retailers, restaurants, and hotels, securing spaces.

    Brickell, Edgewater, the Design District, and Winwood are also all part of that growth. The Whitman Family Development , founders of Ball Harbour Shops reported striking a deal with a luxury retail store to anchor Brickell City Centre. All area residents are excited about this new venture. Now we don’t have to drive far for great shopping, we can just hop on the metromover, shop, eat, and drink, steps away from our homes.

    From the past to the present, it’s still a great time to invest in Miami! Come join us and enjoy this beautiful weather. Why settle for the cold and brutal winters when you can have sun and beaches year around!

  • Downtown Miami’s Growth March 11, 2014

    Downtown Miami’s growth as a major metropolitan area continues at breathtaking speed. Luxury condominiums have transformed the empty lots that once were. Data confirms that Downtown Miami is one of the most active residential real estate markets in the country!

    Fears of excess inventory is now a time of the past, since all units built are fully occupied. Buyers and renters are interested in Downtown Miami due to market value, pricing, location, and the lifestyle of live, work and play. Downtown Miami combines a vibrant business environment with an urban energy. Downtown Miami residences offer resort style amenities, a convenient walkable environment including entertainment, recreation facilities, restaurants and shops.

    According to reports on the Greater Downtown Miami Real Estate Market, occupancy of the 23,000 condo units are now at a remarkable 97 percent! Renters make up more than half the current occupants in downtown. Renters are mostly, young professionals following a national trend of relocation to urban areas. There is now a 24 hour presence in the area and disposable income.

    The real estate downfall didn’t last long, prices and sales picked up significantly than in other major cities. The average sales price in the first quarter of 2013 was $ 425,498 up 21% over the same period in 2010. The fear of many that it would take years to absorb the inventory of unsold units have diminished. Demand outpacing supply has brought back the construction cranes, in Downtown Miami, Brickell and Edgewater areas. Also, several retail and commercial projects are underway including Metropolitan Miami a mixed development anchored by a 35,000 square foot Whole Foods, another is Brickell City Centre’s with a completion date of 2015 will bring luxury shopping to the area, and Miami World Center just steps away from the American Airlines Arena which is expecting to bring Macy’s and Bloomingdales!

    Come to the Downtown Miami area and experience the growth!

  • Miami Worldcenter Retail Project in Downtown Miami October 8, 2013 Miami Worldcenter Retail Project in Downtown Miami

     Miami Worldcenter  retail project in Downtown Miami, which could generate more than 750,000 square feet of retail and restaurants, has been announced.

    Miami Worldcenter, which the city approved during the last real estate cycle, is in a highly desirable part of downtown, adjacent to the highway and within blocks of Biscayne Boulevard, Metrorail and Metromover. It is also among several important institutions, including the American Airlines Arena; the Adrienne Arsht Center for the Performing Arts; and Museum Park, where the Pérez Art Museum Miami and the Patricia and Phillip Frost Museum of Science are now under construction. Its southwestern edge is adjacent to the proposed station for All Aboard Florida, a passenger train that would connect Miami to Orlando.

    The original project was to include hotels, residences, retail and offices. It has been said that Macy’s will be moving from it’s original location in Flagler Street to the Miami Worldcenter retail project and that Bloomingdales is another potential retail anchor.

    To achieve the right density, Miami Worldcenter Associates assembled several blocks in downtown Miami– from Northeast Sixth Street to 11th Street, and from Second Avenue to North Miami Avenue. It also owns the old Miami Arena site, which is under contract to MDM and might be developed as a convention hotel.

    If the entire community is developed, it would rank with Brickell CityCentre and Midtown Miami among Miami’s most important and transformational projects.

    This is great news for the area residences and investors, alike. The potential growth in the area is significant. With many new projects and great venues, Downtown Miami is creating a buzz. Just a hop skip away via the bridge to South Beach and it’s beautiful beaches makes the area even more desirable.

    If you want to live or invest in this wonderful area, contact Downtown Condo Finder 305-951-3588 or via email zpc@nullzmiamiproperties.com

    I live and work in the area and love it!!!

  • The Miami Herald “Signs of the Times” July 16, 2013

    The Miami Herald “Saying Goodby”!

    The Miami Herald will soon be gone for ever, signs of the times! The Miami Herald closed its doors and the last employees moved out in May 2013. The name on the building has been covered, a sad sight for those of us that grew up in the Miami area. The Miami Herald was founded in 1903, the largest newspaper in South Florida. It’s iconic building on the Bay was built-in 1963  and was a vital part of Miami’s life for over a century. The Miami Herald building at One Herald Plaza weathered assaults by killer hurricanes and furious protestors, a gunshot suicide in the lobby and much more. The newspaper has moved its headquarters to the other side of town to the City of Doral.

    Biscayne Bay will now get ready for the Genting Group to take possession of the old Miami Herald space. Some approve it some are against it but it’s all part of the growth. Growth is a major part of the City of Miami and the growth is happening  in the area North of 395. Not long ago no one wanted a piece of this area but some developers did have a vision and bought several parcels of land, such as the Merco Group, even before the Genting Group had announced their take over. The Genting Group already has their “Bimini SuperFast” casino ship docked in the Port of Miami. The cruise ship plans to ferry about 1500 passengers twice daily to Genting’s casino resort on North Bimini Island. Great for tourism and residents alike. Many of us look forward to the growth and all the excitement!

 

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