Posts

, , ,

Miami Design District properties: from dingy warehouses to $2.2 billion premier luxury retail mall

Miami Design District

Miami Design District

Design District properties: from warehouse district to $2.2 billion luxury mall

Blackstone group has secured a $600 loan for a luxury mall at the Design District. According to Reuters, Bank of China will provide $250 million while Blackstone will provide a $100 million mezzanine loan. Deutsche Bank and Credit Agricole will split the balance.

A partnership which has luxury mogul  Louis Vuitton Moet Hennessy at its core is building 1.2 million square feet of retail space across 20 buildings in the Design District. Half of the 120 stores in the plan have opened in 2014, and it is already impressive with Louis Vuitton, Cartier and Piaget stores around a glass courtyard with a sculpture by Buckminster Fuller.  But you should hold your jaw from dropping until you see the full project completed by 2016, valued at $2.2 billion…that’s a lot of luxury va-va-voom. 

Design District properties have shown again that the true magic kingdom is not Disney’s but Miami’s. An area that was not long ago a bunch of ran down warehouses where you would not even get out of your car after sundown is now one of the most glamorous spots you can imagine. The value of Design District properties has increased astronomically adding in many cases more than one zero.  The big question for real estate investors appears to be “where will these visionaries go next?”, but the real question is “do you have the guts to follow them?”. Keep in mind that when they started, there was absolutely nothing there indicating that this could become the trendiest luxury hub. It takes deep pockets or a gambling nature and an adrenaline personality to embark on that sort of risk, but although serious money is necessary to buy Design District properties now, you can still find interesting deals in the immediate surroundings. Counting on the expansion of the Design embracing its outskirts seems like a pretty conservative bid.

If you are interested in more information about Design District properties and its surroundings, as well as other upcoming areas contact us now. Don’t let opportunity pass you by: 786-251-9513  buymiamirealestate@gmail.com

, ,

Philly steak omelette gives place for first Sunny Isles Beach new construction on West side of Collins

Sunny Isles new construction West side

Philly steak omelette gives place for first Sunny Isles Beach new construction on West side of Collins

For decades, tourists crossed Collins in shorts and sun huts from the beachside motels to Denny’s for breakfast or lunch. But, as the oceanside of Collins Ave has changed into ultra luxury new construction, the new residents are more interested in oysters and other delicacies than in 2000 calorie cheap meals. It was just a matter of time before such a valuable piece of land turned omelettes into 1 million dollar condos.

The Verzasca group will build a 19 story luxury tower with a slightly lower price point considering buyers will have to cross the street to enjoy the ocean so instead of $1,500 a foot, they are planning on selling the 76 units at $1,000 a foot. Architect Luis Revuelta is in charge of wowing us with the design.

It’s a matter of time before the trend extends as a tsunami washing away other sites on the West side to bring more luxury towers and high end retail. Its hard to imagine that the residents of a $5 million condo will be interested in buy one get one free at Payless Shoes.

With the walkable trend growing fast in Miami, the composition of the whole are is destined to change. Sunny Isles is in serious need of fancier office space, high end retail and restaurants to cater to the new high caliber population. Even though Sunny Isles Beach new construction is right between Bal Harbor shops and Aventura Mall, traffic is a nightmare that requires some good relaxation music and deep breathing. Walking across the street for some last minute urgent Louboutin shoes would be a much welcome change for the new crowd.  A new Design District across from the ocean would be a better match, the question is, who will be the visionary starting it?

Want to have a pie de terre in this paradise? Contact us at buymiamirealestate@gmail.com for more info on Sunny Isles Beach new construction

, ,

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

,

How to avoid a nervous breakdown over traffic in Aventura, Miami

Aventura circle biking

How to avoid traffic in Aventura:

If you live in my area you probably find yourself trapped in traffic in Aventura, desperately searching for a way out, and saying some not very ladylike words. Getting past the Aventura Mall and towards Ives Dairy Road can be pleasant as a kidney stone at certain times of the day, which lately are pretty much from 8 am to 8 pm. You are sitting in your car, fantasizing with moving far away, knowing deep down you won’t do it because, let’s face it, you love the Latin flare, the mall, being “half way to everywhere”. There are a few traffic hacks that can keep your blood pressure in place and your mental health intact:

  1. If you are going North on Biscayne and want to go to Hallandale turn East on Lehman’s Causeway, get off midway (when you see Parc Central and Mystic Pointe 600) and go around and underneath the causeway towards the circle, keep going till the traffic light at Del Prado, turn North, then West on 207th, North again on 30th Ave and you will appear at the shopping plaza where Whole Foods and Target are located. Go across this plaza, cross the street and you are in Gulfstream. On the opposite side of Gulfstream…voila, you have reached Hallandale!
  2. If you want to go West of Biscayne, don’t you dare go under the bridge to take Ives Dairy Road, especially if you just drank a large Frappuccino and it’s 5 PM. Instead, take Biscayne and go North past Ives Dairy, go a few blocks and turn West (left) till you can’t go any further then turn North (right) until 215th St where you have the cross over the rail track to the West side (and since you are there and you saved so much time you may want to check  Aventura Place on 213th 😉
  3. If you are just running errands, you are better off walking, or riding a bicycle. Why are you willing to walk when you go to New York or Buenos Aires but you can’t get yourself to do it here? I know it’s hot, but NY in the summer is too and at least Miami allows for more casual clothing.
  4. If you are going South, take the back road between former Loehmann’s Plaza and Harbor Center, go around it and keep going South till you hit William’s Island street then turn right, get into the Fresh Market Plaza and go all the way to the other end. You have avoided some heavy traffic so now you can stop at Starbucks or get an ice-cream.
  5. Have some good music in your car, bluetooth for your cell with speed dial or voice recognition and catch up with your friends, call your parents and make them happy and no matter how bored or late you are, stop the urge to text or read email while driving even in the midst of slow traffic in Aventura. Better to arrive late than never!

And if you love the area in spite of the traffic in Aventura and want to buy a condo call us, after 20 years in the area, we can definitely help.

 

,

Do you really need me? no…but if you are smart, you want me

Oceana Bal Harbour pool

Do you really need me? no…but if you are smart, you want me

You probably have asked yourself many times if you really need a Realtor. Through the magic of internet you now have access to so many websites and portals that “do it yourself real estate” is a possibility. But why wouldn’t you want to work with a savvy professional that can advise you, do the search with you, help you analyze the pros and cons and even find information you maybe didn’t even know you needed to make an informed decision? If you are a buyer, the professional service of a Realtor costs you nothing, so you can have someone represent you, do research, negotiate, and follow up on every step of the transaction for no cost to you at all, zero, nada. If you ever met someone online and then found that in person he or she was 20 years older and 20 pounds heavier you have an idea of the picture…no difference with a property. Real estate is a serious thing, probably the largest investment you will ever make so why not use all the help you have available? Have you ever thought of checking the financial stability of a building? Do you know who to call for an inspection or who should pay for what in a transaction? How about checking the history of the property, past sales, taxes, etc?

If you are a seller, there are many sites where you can list your property online by yourself. But as the story of the CEO of “For Sale by Owner” clearly showed a few years ago, a Realtor can make you more money and sell it faster. He had his own condo for sale for months and finally listed it with a realtor who made him a few hundred thousand more even after commission. Can you cut your own hair, pull your own teeth or fix your roof? Of course, but why would you, especially if you want to look good, smile and stay dry. Selling your property is more than opening the door and showing it, and even if you are good at marketing and negotiating, what is the cost of the time you are taking away from your own job? Do you have the power to access the amount of people necessary to get a buyer?

You may have bought or sold a few properties in your lifetime, but twenty years of experience in real estate in Miami mean a lot of transactions closed and problems solved. So, do you really need me? no…but if you are smart, you want me.

Contact us at buymiamirealestate@gmail.com or call 786-251-9513 and 305-788-2878

, ,

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.

,

First US Formula E electric car race in Miami

eraceMiami

First US Formula E electric car race in Miami:

We already have Art Basel, Ultra Music Festival, the Boat Show, and now the first US Formula E electric car race in Miami. “Formula E will pioneer technology which will be used on normal road cars,” British entrepreneur Richard Branson, the Virgin Racing team owner, told a press conference before the race.

The formula E championship launched in Beijing in 2014 and Miami is the 5th city in the world to host this event. The winner of this  first US formula E electric car race in Miami was e.dams-Renault driver Nicolas Prost, a Frenchman and son of former Formula 1 great Alain Prost.

“Miami is like a cross between Latin America, Europe, and the United State. So I think to bring Formula E to Miami, to start in Miami, it’s a great match,” said Formula E  CEO Alejandro Agag.

What does the First US Formula E electric car race in Miami mean for the economy? Think Art Basel and the thousands of art lovers, collectors and dealers that flood Miami, stay in hotels, go to restaurants, and end up buying a high end condo to hang the last painting they seized at the event. Think boat show and the amount of wealthy boat fans that come to the area and add up blue sky, perfect weather and boating and decide to get a pie de terre in Miami. Think of the impact on employment and revenue. Now add car racing fans and you have so many reasons to be in Miami aside from the beautiful beaches, Latin flare, and emerging culture that there is no mystery about the hundreds of luxury towers being built in Miami to accommodate this new breed of Miami visitor, the wealthiest of the wealthiest in the world. What a change from the middle class family that drove down with the kids for a few days vacation in the sun in a beachside motel 20 years ago, or the retirees that wanted a tranquil place with nice weather to end their days… Miami has undergone the most amazing metamorphosis in urban history and transformed itself, like Cinderella, from a cute girl in rags to a glamorous queen. And if you want to be a part of this exciting world and buy a property in ever growing Miami contact us now, we know Miami and will love to see you live happily ever after