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Miami Shopping Malls

Miami-Design garage

Miami-Design garage

Miami Shopping Malls

Miami is unique and full of paradoxes: A city chosen by the old to retire and by the young to party. A place where people do business in shorts and 12 year olds wear legitimate Chanel handbags. The land of  beach parties and everyday multimillion dollar transactions where Bentleys coexist with skateboards and a new sophisticated art scene  born in the reign of the kitsch makes a mark in the world.

Miami shopping keeps adding to the list of breaking US records. We are quickly climbing the ladder of the top 5 in many areas, from the number one cruise capital to the most active airport. But without doubt, the most salient feature of Miami culture is a special emphasis in shopping, so we are also breaking records with the mall that sells the most per square foot (Aventura Mall) and now the largest shopping mall in the country: American Dream Miami Mall. The land deal for 82 acres in NW Miami Dade County by Interstate 75 and Florida Turnpike just closed, and Triple Five Group is moving to the next stage in the process of bringing to life this mega mall and theme park. The entire project is 225 acres, impressive size even for Miami shopping standards!

Bal Harbor Shoppes which used to be “the” destination for shoppers that walk in Louboutin shoes is expanding to keep up with the fierce competition for the attention of the privileged few, who are not so few in Miami any more. Aventura Mall has the largest Cartier store in the country along with many other luxury designers. Brickell City Center will allow the financial private banking crowd to shop without leaving the area. The Design District, an open shopping mall valued at $2.2 billion  has a hard to match glamour for those who prefer the outdoor Latin and European shopping style. After all, the temperature is irrelevant when you are wearing Hermes and parking at a garage that is a piece or architectural art. The Design’s District 283,000 ft City View garage wows shoppers from the moment they park  with two public art pieces by John Baldessari and a jaw dropping facade by Leong Leong and Iwamoto Scott.  And of course, for the bargain hunters there is always Sawgrass Mall.

The impact of Miami Shopping goes far beyond a fashionista dream, bringing jobs, infusing life and potential to the real estate around it and creating interesting possibilities for developers and investors. Whether you wear Prada sunglasses or not, if you are serious about investing in Miami real estate, Miami shopping trends are something to watch…

Contact us at buymiamirealestate@gmail.com and let’s discuss intelligent options for real estate in Miami.

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Aventura Parksquare brings the “City within a City” trend to Aventura

Aventura Parksquare

Aventura Parksquare: A city within a city

Brickell City Center, Midtown, and soon Aventura Parksquare show that the “city within a city” trend in Miami is here to stay. Historically open spaces in Miami where not well received by the public. As a matter of fact, most of them failed miserably. Local people wanted to drive in air conditioned cars even for a few blocks  and the thought of sitting outdoors for coffee, or shopping outside in 90 degree weather was not their idea of fun. But as the number of Latin and European population grew, two things changed in Miami: Diet Coke is ordered with no ice, and being outdoors in Miami is great. Latin Americans and Europeans love the outdoors and enjoy walking. New Yorkers are looking at Miami as a place where they can move their business while enjoying the sunshine rather than a place to retire in old age. The hot weather is not an impediment and a nice dinner outside is an appealing plan. The change in the composition of the population pushed the development of areas like Brickell and Midtown, where the younger generation (and the young at heart) have said yes to the city lifestyle. What can be better than having the excitement of big cities together with the laid back t-shirt and Hawaiian Tropic scent?

These walkable areas are literally mini cities, take for example Aventura Parksquare, with residences, an Aloft Hotel managed by Starwood, offices, luxury retail, bike trails, walking paths. You can live, work, exercise, shop and plan your social life without getting into your car for days. You can even decide not to have a car at all! When the biggest complain in Miami is traffic, this sounds like you could have your cake and eat it too. Bernard Zyskovich who had the vision to create Midtown is the architect behind Aventura Parksquare. Designer Steven G will add the ambiance through his luxurious designs. With prices going from $450,000 to almost $1 million Aventura Parksquare is destined to be a success.

For more detailed info on Aventura Parksquare click here

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Skyrise Miami

Skyrise Miami

The sky is the limit will go from a cliche to a reality in 2018 with Skyrise Miami. Since ancient times civilizations and urban centers have had a fascination with having the tallest building as a testimony of their power. Call it an ego trip or a desire to rise from the mundane into the eternal, truth is “the tallest” keeps moving the bar higher and higher from the pyramids to today’s vertical cities, and even with full knowledge that someone will eventually build an even taller tower, developers are still enchanted by the dream of the tallest. Each city has an iconic tallest (for a while) tower that somehow captures its soul: New York has the Statue of Liberty and the Empire State meaning human values and business. Tokyo has the Mori building with arts and ultra upscale shopping, Berlin has the beer tower, Paris has the Eiffel Tower  with a design that is controversial as the French. Miami’s “come play and be happy” spirit will be sealed with the tallest entertainment tower, Skyrise Miami.

Miami is the number one tourist destination in the world. 94 million visitors last year and 127 million expected by 2020 suggest that  Skyrise Miami is the right choice for our very own iconic tower. Tourists estimated spending for 2015 is $100 billion, and we have $5 million cruise passengers. Miami’s population has increased 4,574% in the last century and we are definitely in the world’s map together with the big cities of the world. And since each of them has a big iconic tower, it is time for Miami to have its own. Skyrise Miami will be 1,000 ft high and have restaurants, retail, night club, a 500 seat ballroom, the longest and fastest drop in the world with 650 ft (not for the faint of heart), rock climbing and the most spectacular views among other attractions.

The following video is a courtesy of Skyrise Miami (modified shorter version) and provides a great panorama that goes beyond Skyrise Miami and covers the market in Miami. After watching this if you haven’t yet bought a property in Miami you will be seriously considering it. Contact us to discuss the best options to fit your lifestyle, your goals and your budget.

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Size matters…American Dream Miami

american dream miami

American Dream Miami

Developer Triple Five, builder of the largest mall in the US announced he plans to outdo himself in Miami with a four million square foot project called American Dream Miami. Miami Dade commissioners approved the project 11-2.

American Dream Miami is planned to have a huge theme park with water slides, a ski slope and submarine tours, and will be located where I-75 intersects Florida’s Turnpike near Miami Lakes. Triple Five needs an 82-acre parcel that’s owned by the state. The county would buy the land as an intermediary for the developer. Commissioners approved the $12 million needed for the county to purchase the land from the state. Not all is a bed of roses, if the developer fails to create at least 7,500 jobs, (let’s say if he can’t get the necessary zoning or regulations for the mall) he risks a $5 million fine.

According to Miami Herald,The Miami-Dade County school district will get $7.2 million to give up a lease of about half of the 82 acres, in addition to a $1 million contribution to academic programs and internships for students.

More jobs, more money for schools, and another mega destination for local and tourist shopaholics of the world makes this an interesting proposition within the frame of a strong market that seems to find a way to continue growing, using an advantage that few other important cities in the world have: an expanded geographic area. Think Manhattan for example, there is a very limited supply of land. Miami, on the other hand, is a conglomerate of different cities and areas that allows for an unusual potential for expansion and growth. Oceanfront properties are a limited resource of course, but areas like Weston and Sawgrass, and probably soon American Dream Miami are living proof that locals and foreigners are willing to go inland and enjoy the weather from their pool, go golfing, shopping, wear flip flops all year round and be part of the Miami dream.

There are so many possibilities if you are looking to buy a property in Miami that you need a trusted expert in the field, so don’t be shy…call us and we will help you find the perfect one!

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Median price of new construction in Miami is $860 per ft

 

 

Brickell Condos for Sale

 

Median Price of New Construction in Miami:

The median price of new construction in Miami is $860 per ft, according to real estate journalist Peter Zalewski in his presentation at the Tower Club this week. Although prices have gone up considerably they are still way below the level of other large cities in the US and there is still room for increase. Construction cost is going up 1% per month. This time around most experts and analysts do not foresee a bubble because buyers are putting 50% deposits. The majority of buyers in Miami come from Latin America (according to Miami Downtown Development Authority 85% of new construction in Miami buyers are foreigners, most from Latin America). They are looking for preservation of their capital, trying to protect themselves from the volatile situation in their countries.

There is a total of 334 towers in new construction in Miami. Of those, 89 are proposed (meaning they have not been approved yet), 124 are planned (already approved and ready to start), 99 are under construction and 22 are finished.

Even when the median price of new construction in Miami is $860 per ft you can still find opportunities which escape this general panorama. In Fort Lauderdale the median is below $500 per ft and even in Miami where prices and demand are so much higher you can find great deals. Take for example Aventura Place, a new development in the Aventura area where you can buy a brand new townhouse or condo for $250 to $290 per ft, completely finished with porcelain floors, stainless steel appliances, high ceilings and 2 car garage. Hard to believe, but true! Right across from Aventura and one block away from new Waterways school. It does not have all the amenities of other new construction in Miami like gym, or meeting rooms but the fact that maintenance will be below $200 a month including insurance makes it an amazing option considering that it does have a pool and sundeck and most people never use the gym at their building. Even if you do, you can always get a membership at a nearby gym and save a lot of money. Want more info? Contact us now, we’ll be happy to help you find the right property for your personal goals.

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Aventura Place New Town homes in Aventura in the mid $300,000

Aventura_Eye_Final

 

Weitzer Communities is building 2 and 3 bedroom town homes right across from Aventura and at an incredible price. There are 82 units in total including town homes and condos. The condos start in the mid $200,000 and the town homes start in the mid $300,000.

Aventura Place New Town homes in Aventura in the mid $300,000 has a modern design and come ready with porcelain floors, GE stainless steel appliances, light fixtures, one and two car garage and high ceilings. The 2 bedroom town homes are 1120 feet and the 3 bedroom are 1,500 feet.

Aventura Place will have a swimming pool and sun deck and is one block from the new Waterways school, close to several houses of worship and just 2 blocks away from the crossway to Biscayne so you can easily walk to Gulfstream or Whole Foods.

Aventura Place New Town homes in Aventura in the mid $300,000 will also have  a very low maintenance between $150 and $175 including insurance. This is a great opportunity to buy something brand new, with modern design, low maintenance and great location at a very attractive price so don’t wait until they are all gone…call Patricia 786-251-9513 or Tomas 305-788-2878 now and find out more