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MHN | Downtown Miami Condo Market is Finding its Footing
After experiencing several ups and downs, the city is becoming an attractive place for investors. For the First time since 2012, the condo pipeline has more units completed than under construction. Click here to read the full article.
The New York Times | Downtown Miami: More Than a Gateway to the Beach
From a tourism perspective, the city of Miami has long been a gateway to Miami Beach, the sand-fringed barrier island lined in glamorous resorts. Click here to read full article.
Ocean Drive | Downtown Tonight
Long a pop-in, pop-out area for workers and corporates types, Flagler Street and Downtown are about to get a jolt of culture, dining, residences and a whole new vibe. Click here to read full article.
GlobeSt.com | Where Miami Multifamily Stands In National Rankings
MIAMI—With so many multifamily industry watchers talking about a potential rental glut, a new report is defying those opinions. In fact, the report suggests we may be facing the opposite dilemma. Click here to read full article.
Miami Herald | How schools, trains and concerts are building up Miami’s neighborhoods
On Thursday, school’s out for summer at the Downtown Doral Charter Elementary, and its report card is packed with A’s. In only its second year of operation, the school is already topping county-wide honor rolls — and helping to fuel Doral’s thriving real estate market. Click here to read the entire article from the Miami […]
Miami Herald | The lot on the bay at the AAA finally gets palms and benches. But its still not a park
When it has trees, grass, benches, lights and even trash bins, but it’s also Parcel B, the notoriously contested slice of bayfront public scrubland that the Miami Heat promised to turn into a soccer field 21 years ago, during the team’s successful campaign to win voter approval for a new arena. The scruffy three-acre lot, […]
Miami Today | Downtown offers wish list for Miami general obligation bonds
Directors of Miami’s Downtown Development Authority say they are generally in favor of the City of Miami’s plan to seek a $275 million general obligation bond issue. But several added that there also must be changes in the city’s Capital Improvements Program (CIP) before any potential bond-funded projects get started. Click here to read the […]
Miami Herald | Its Miami vs. Miami-Dade in a fight over how to design the I395 bridge
An actual bridge now divides the mayors of Miami and Miami-Dade, with the two local rivals taking opposite sides on whether Florida flubbed selecting an iconic design for redoing I-395 over the city’s downtown. Click here to read the full article from Miami Herald.
Miami Herald | Brickell area in line for two new schools but are they really needed
After a lobbying campaign by parents and powerful business interests, the upcale Brickell area will likely get not once but two new schools. Click here to read the full article from Miami Herald.
Construction Dive | The construction lending challenge – Why winning projects have to ‘check all the boxes’
The flow of commercial construction loans has hit a hurdle nationwide. Closed loans in 2016 totaled $491 billion, representing a 3% decline from 2015, according to the Mortgage Bankers Association. While 2016 still saw the third-highest lending activity since the association began keeping track, the pullback is sure to have some commercial developers watching from […]
Daily Business Review | Reaching New Heights Miami’s Panorama Tower Tops Off
The Miami skyline has reached new heights with the topping off of Panorama Tower, a gargantuan 85-story skyscraper rising 868 feet over the Brickell Financial District. Click here to read the full article from the Daily Business Review.
Miami Herald | Frustrated Miami businesses guaranteed oversight of flagging Flagler Street reconstruction
Amid suggestions that a flagging reconstruction of Flagler Street in downtown could drag on until the end of next year, Miami commissioners on Thursday agreed to run every success, setback and minute detail of the project past the downtown business community in hopes of pacifying an influential bloc of frustrated business owners. Click here to […]
Miami Herald | Why Related pulled the plug on a new 298-unit luxury condo
A combination of Miami’s slowing luxury condo market and a landlocked location may have factored into the Related Group’s decision to cancel its planned Auberge Residences & Spa Miami condo tower near the Arsht Center. Click here to read the full article from The Real Deal.
Miami Herald | Miami real estate in 7th-inning stretch
In comparison to a baseball game, the Miami real estate market “is in the seventh-inning stretch,” said Howard Lorber, chairman of Douglas Elliman. And it’s heading into extra innings, he said. But to realize its potential, Miami needs to continue to improve its public school education at the primary and secondary levels, he said. Click […]
Daily Business Review | End of an Era- $236 Million Loan for Miami Condo
The latest high-rise condominium to break ground in Miami’s Brickell district has reached a significant milestone: Developer Ugo Colombo has closed on a $236 million loan for the Brickell Flatiron. Click here to read the full article from Daily Business Review.
Miami Herald | Brickell Bridge Beating heart of downtown Miami in dire need of bypass surgery
The Brickell Avenue Bridge could be likened to the beating heart of downtown Miami, pumping traffic across the river at the very crossroads where the metropolis originated as “Sweet Water.” But for those who live, work and visit center city, it is a diseased heart, badly in need of bypass surgery. Click here to read […]
The Real Deal | CMC nabs $236M construction loan for Brickell Flatiron
Developer Ugo Colombo has secured a $236 million construction loan for Brickell Flatiron, as condo financing continues to dry up in South Florida. Click here to read the full article from The Real Deal.
Bloomberg News | Miami Builder Colombo Forges Ahead With Condos Despite Slowdown
Developer Ugo Colombo has shored up financing for his latest high-end Miami condominium tower, one of the capstones to the downtown Brickell neighborhood that emerged from nowhere over the past decade. Even as concerns mount about a glut in high-priced Miami condos, Colombo’s CMC Group completed $236 million in construction loans for its Brickell Flatiron […]
South FL Business Journal | Brickell Flatiron condo nabs $236M construction loan as sales grow
Ugo Colombo’s CMC Group has obtained a $236 million construction loan for Brickell Flatiron, giving the 64-story condo tower all the funding it should need to reach the finish line. Click here to read the full article from South FL Business Journal.
Miami Herald | The bridge that drives us mad in the middle of downtown Miami
The Brickell Avenue Bridge could be likened to the beating heart of downtown Miami, pumping traffic across the river at the very crossroads where the metropolis originated as “Sweet Water.” But for those who live, work and visit center city, it is a diseased heart, badly in need of bypass surgery. Click here to read […]
Miami Today | Good news: more schools in works for downtown Miami
Advocates for more schools in downtown Miami – which has seen its population double over the past several years – might be encouraged by new ideas currently being circulated, and improvements that are already underway at one school. Click here to read the full article from the Miami Today.
Miami Agent Magazine | Average downtown Miami condo could cost $750,000 by 2025, report says
After a slowdown in 2016, the Downtown Miami condo market is expected to make a rebound this year, and will continue to do so until prices reach previously unforeseen numbers, according to a new municipal study. Click here to read the full article from Miami Agent Magazine.
The Telegraph | What commute? How once-fusty financial districts have become hot new residential areas
Londoners take an average of 79 minutes to get to work and New Yorkers spend at least six hours travelling each week. It’s no surprise the daily commute is taking its toll on workers across the world. Click here to read the full article from The Telegraph.
Curbed Miami | Miami’s Omni Park is holding its grand opening tomorrow
Downtown Miami is getting an infusion of green space with Omni Park holding its grand opening tomorrow afternoon. Click here to read the full article from Curbed Miami.
Miami Herald | Ready or not, Miami’s Omni Park opens Friday
Omni Park, Miami’s newest experiment with guerrilla green spaces, is opening to the public Friday afternoon. Click here to read the full article from the Miami Herald.
Modern Cities | Miami’s Giant Pop Up Recreates Downtown Street
Temporary installation is the first attempt to showcase possible improvements that could transform Biscayne Boulevard in Downtown Miami into street rivaling the Embarcadero in San Francisco. Click here to read the full article from Modern Cities.
The Real Deal | Building Up Brickell
The latest wave of development in Downtown’s financial district — and the challenges ahead. Click here to read the full article from The Real Deal.
JC Magazine | Reporte Anual de Mercado Residencial de Miami
Según el reporte anual de mercado 2016-2017 de la Autoridad de Desarrollo de Downtown Miami (DDA), la incorporación de unas 3,500 unidades de condominios al downtown Miami este año, dará paso a una disminución gradual de las nuevas entregas durante los próximos dos años, en la medida que los urbanizadores se ajustan a la estabilización […]
Bradenton Herald | World’s new largest cruise ship will sail from PortMiami
The world’s new largest cruise ship is coming to Miami. At a groundbreaking ceremony for its new Miami terminal Wednesday afternoon, Miami-based Royal Caribbean International announced that its new 5,494-passenger Symphony of the Seas, which will be ever-soslightly larger than current record holder Harmony of the Seas, will debut in Miami in November 2018. Click […]
Crain’s Miami | The number of new downtown Miami condos will surge this year
Downtown Miami’s real estate market is slowing fast, just as developers are preparing to deliver the most new condos in a single year since the last bubble… Click here to read the full clipping from Crain’s Miami.
Miami Herald | The number of new downtown Miami condos will surge this year – and then fall
Downtown Miami’s real estate market is slowing fast, just as developers are preparing to deliver the most new condos in a single year since the last bubble — a dynamic that will mean good deals for cash-rich investors and for young professionals, who might finally be able to rent units at decent rates. Click here […]
Miami Herald | World’s new largest cruise ship will sail from PortMiami’s upcoming Royal Caribbean terminal
Royal Caribbean Cruises and Miami-Dade County have reached an agreement to build one of the country’s largest cruise terminals at PortMiami and bring the cruise line’s gigantic ships to Miami. Click here to read the full article from the Miami Herald.
South Florida Business Journal | Development authority expects Miami’s condo market to soften more as sales decline
The condo market in greater downtown Miami is expected to be soft for the next several years, with fewer deliveries of new product. But that could create opportunities for buyers, according to the annual residential market update by the Miami Downtown Development Authority. Click here to read the full article from the South Florida Business […]
The Real Deal | Downtown Miami to see surge of nearly 3,500 new condos delivered in 2017 as resale pricing falls: report
As new condo units continue to come online in 2017, resale pricing in Miami’s urban core is reporting a drop for the first time in eight years. Click here to read the full article from The Real Deal.
Daily Business Review | Perceived Miami Condo Slowdown Could Result in Missed Opportunity
A few of the biggest players in the Miami condominium development game have publicly declared the city’s condominium market to be heading for a potentially prolonged slowdown and are pivoting to rental apartment and commercial and industrial projects. They perceive Miami’s condominium market to be oversaturated, basing that notion on several indicators, but primarily the […]
The Wall Street Journal | Miami Condo Market Cools, but a Big Project Gets Financing
A sprawling, $2 billion mixed-use realestate development in what was a gritty part of downtown Miami is lining up financing despite signs the city’s real-estate market is softening. Click here to read the full article from the Wall Street Journal.
Miami Herald | New Yorkers’ guide to Miami: What second-home owners, investors need to know
Whether you view New York as a Miami suburb or Miami as the sixth borough, the close connection between the two is undeniable. But even as New Yorkers continue to scoop up Miami real estate, misperceptions about The Magic City persist. Click here to read the full article from the Miami Herald.
Crain’s Miami | Will Miami residents push for more public spaces?
A city-centric experiment may just become an unexpected new norm, as local residents, officials and business owners push City of Miami officials for more transit-oriented park spaces in the city’s urban core. Click here to read the full article from Crain’s Miami.
The Real Deal | Flagler Street’s multimillion-dollar facelift seeing big delays
After a year of construction, only one block of Flagler Street has been completed with new sidewalks, shade trees, lighting and blacktop. Click here to read the full article from The Real Deal.
MiamiHerald.com | As downtown Miami’s Flagler Street makeover stalls, business suffers
One year ago, a national contractor started ripping up Flagler Street in downtown Miami for a much-touted, multimillion-dollar makeover designed to revitalize the city’s historic but fraying main street. Instead, it’s been a near-debacle. Click here to read the full article from MiamiHerald.com.
Time Out Miami | Your Perfect day in Downtown Miami
Looking to spend the day exploring Downtown Miami? We have you covered with an hour-by-hour itinerary packed with things to do, places to see and lots of opportunities to eat and drink around the Miami neighborhood. Click here to read the full article ffrom Time Out Magazine.
The Huffington Post | Biscayne Green Should Stay Downtown
Activating Downtown is one of the golden tickets to Miami’s growth into the twenty-first century. If Biscayne Green is any idea of what can occur in the area, hope exists for our most important corridor. Biscayne Green proved successful. Click here to read the full article from The Huffington Post.
MiamiHerald.com | It’s actually getting cheaper to rent a place in Miami, But Pembroke Pines?
It’s getting cheaper to rent an apartment in the Magic City. Rents have dipped 2.8 percent in the past year and 0.9 percent in the past month, according to a monthly report by Apartment List. One-bedroom apartments have a median rent of $1,850 and two bedrooms cost $2,330. Click here to read the full article […]
Daily Business Review | Quick Biscayne Boulevard Experiment Ends, Flagler Street Work Drags On
Miami’s Downtown Development Authority conducted a pop-up experiment that put pedestrians first and vehicles second on Biscayne Boulevard, one of the main arteries cutting through the urban core. Click here to read the full article from the Daily Business Review.
Daily Business Review | More Apartments Coming to Miami Than Condos
Luxury condominium developers step aside, Apartment builders are flooding downtown Miami. Click here to read the full article from the Daily Business Review.
elNuevoHerald.com | Autos ceden el paso a las personas en Biscayne Boulevard por tres semanas
La función tradicional de Biscayne Boulevard en el downtown de Miami, el vestíbulo de la ciudad, no es mucho más que la de servir de embudo para autos y camiones: ocho o nueve sendas de tráfico torrencial y seis manzanas de estacionamientos en la mediana dejan muy poco espacio para las personas, en un momento […]
elNuevoHerald.com | Biscayne Green, una intervencion de espacio publico
Por un plazo de tres semanas, tres manzanas de estacionamiento debajo de la linea del Metromover que pasa por encima de Flagler Street estaran ocupadas temporalmente por plazas publicas de tipo pop-up animadas por un programa de conciertos, proyeccion de peliculas, lecciones de baile y de yoga, y catas de comidas y cervezas. Click here […]
Seeker | Miami Is Turning 101 Parking Lots Into ‘Pop Up’ Parks
At temporary green spaces around the city, the Miami Downtown Development Authority is hosting free events and entertainment, including live music, art, fitness classes and food truck events. Click here to read the full article from Seeker.
WLRN | ‘Injecting Green Space’ To Make Way For Pedestrians On Biscayne Boulevard
The southernmost blocks of Biscayne Boulevard go past American Airlines Arena, the Bayside Marketplace mall and Bayfront Park. All places where people — often crowds of people — like to walk. But because of all the cars speeding by, walking in the area can be dangerous. Sidewalks are narrow, and crossing the street — well, […]
Co.Exist | In Miami, They’re Turning Part Of A Major Road Into A Park
In the middle of a busy eight-lane street in downtown Miami, a new pop-up park is now temporarily home to a fire pit, exercise stations, a dog park, bike-share bikes, and movie screenings with free empanadas. Click here to read the full article from Co.Exist.
The New Tropic | So what’s the point of pop-up parks like Biscayne Green?
You might have noticed something strange on Biscayne Boulevard in Downtown lately: There are people hanging out there, and they’re not tourists trying to get to Bayside. It’s because of something called Biscayne Green, a pop-up park meant to get people thinking about what one of Miami’s busiest corridors could be if it was developed […]
CBSMiami.com | Pop-Up Park in Downtown Miami Boasts Shops, Dog Area, Live Music
MIAMI (CBSMiami) — Downtown Miami is getting their own first pop-up park – at least for the month. The Biscayne Green, located along Biscayne Boulevard in front of Bayfront Park, will be open for 20 days, until January 26th. Click here to read the full article from CBSMiami.com
MiamiHerald.com | Biscayne Green: A temporary public space intervention in Miami
Biscayne Green aims to make the city more friendly for pedestrians by temporarily transforming parking lots into parks in Downtown Miami. Click here to view the press clipping.
Miami Herald | A Park Pops Up On Biscayne Boulevard
Biscayne Boulevard in downtown Miami, the city’s foyer, functions today a little more than a funnel for cars and trucks: eight or nine lanes of careening traffic and six blocks of median parking leave scant room for people, at a time when thousands of new residents are moving into the neighborhood’s growing concrete jungle. Click […]
Next City | Downtown Miami Pop-Up Turns Parking Into Parks
Miami is launching a 20-day instillation starting Jan. 6 to transform two medians — currently home to 101 parking spaces — into public green space, the Miami Herald reports. Click here to read the full article from Next City.
South Florida Business Journal | Average Condo Rent Drops In Downtown Miami
A flood of new condo inventory in the downtown Miami market has contributed to a slight drop in the average condo leasing price. But for renters looking for significant price breaks, the 3 percent drop may not have been enough. Click here to read the full article from the South Florida Business Journal.
Curbed Miami | Biscayne Green envisions a greener, more walkable downtown Miami
In a daring initiative designed to make downtown Miami greener and less car-friendly, the Miami Downtown Development Authority will launch a month-long installation starting January 6, transforming two parking medians into an active public space with free events and entertainment through January 26, 2017. Click here to read the full article from Curbed Miami.
elNuevoHerald.com | Los 5 mejores conciertos gratis del mes en Downtown Miami
Downtown Miami se convierte en un auténtico centro musical a lo largo del primer mes del nuevo año, con una de las ofertas culturales más interesantes del sur de la Florida. Les presentamos cinco conciertos gratuitos con músicos locales de calidad. Click here to read the full article from elNuevoHerald.com.
Revista Summa | Residentes y Turistas de Miami tendran una nueva razon para no usar sus autos en 2017
En enero próximo, los residentes y visitantes del Downtown miamense tendrán una nueva razón para no usar sus automóviles, cuando la Autoridad de Desarrollo del Downtown de Miami (Miami Downtown Development Authority, Miami DDA) inaugure Biscayne Green, una “intervención” en el espacio público que recuperará temporalmente las medianas de estacionamiento, y reinventará Biscayne Boulevard como […]
The Real Deal | Take a look at a greener Biscayne Boulevard in downtown Miami
Beginning Friday, downtown Miami might look a little greener. The Miami Downtown Development Authority will take over 101 parking spaces and two traffic lanes of Biscayne Boulevard and turn them into active parks, a pilot project that will be in effect until Jan. 26. Click here to read the full article from The Real Deal.
Bloomberg | Miami’s Building Boom Shifts to Rentals After Condos Cool: Chart
Miami’s developers are accelerating construction of rental apartment buildings downtown as demand for new condominiums weakens. Click here to read the view the chart and read the full article from Bloomberg.
Miami New Times | Biscayne Green Will Turn Downtown Parking Lots Into Parks
Downtown Miami will become a bit greener to kick off 2017. Biscayne Green, a pop-up park and promenade project, will transform Biscayne Boulevard into a community gathering space this week. Click here to read the full article from the Miami New Times.
MiamiHerald.com | It’s getting cheaper to live in downtown Miami
Good news, renters: It’s getting cheaper to live in downtown Miami. As developers deliver a bounty of new condos and rental apartments in 2017, the increased supply is helping keep rents in check, according to a new report from Miami’s Downtown Development Authority. Click here to read the full article from MiamiHerald.com
South Florida Business Journal | Average condo rents drop in greater downtown Miami
A flood of new condo inventory into the downtown Miami market has contributed to a slight drop in the average condo leasing price. But for renters looking for significant price breaks, the 3 percent drop may not have been enough. Click here to read the full article from the South Florida Buiness Journal.
The New Tropic | Avoid FOMO this January at the Biscayne Green
Downtown is trying something new this January: the Biscayne Green. It’s a public space pop-up where a section of Biscayne Boulevard will be transformed with parks, events, local vendors, art, and music. The lineup includes puppy brunches, movie screenings under the stars, outdoor yoga, bike rides, and concerts. Click here to read the full article from […]
The Real Deal | Downtown Miami new apartments to exceed condos in 2017: DDA report
Greater Downtown Miami will see more rental apartments delivered than condominiums in 2017 for the first time ever, as developers focus on the multifamily market amid slumping condo sales, according to newly released report. Click here to read the full article from The Real Deal.
Brickell Magazine | New Horizons
After a grueling 2016, Miamians are probably wondering what this next year holds for our emerging city. The answer may surprise you. Click here to read the full article from Brickell Magazine.