There’s nothing like renderings of sleek, new South Florida projects to excite agents, buyers and consumers of South Florida real estate news during a slow point in the real estate cycle. From the tall and thin towers of Brickell and Edgewater to the bevy of renderings submitted for a (now failed) public-private partnership on a Miami Dade College-owned site in...
With 2017 Approaching, South Florida’s Real Estate Market Is Still Kicking
Keeping up with South Florida tradition, a number of big-dollar real estate deals have marked the last few weeks of the year. Starting with a major step forward for the $2 billion Miami Worldcenter project, developers CIM Group and Falcone Group scored a hefty construction loan for the project’s 444-unit apartment complex. The $89 million loan will fuel...
Miami Beach Convention Center renovation speeds up
The entire west side of the Miami Beach Convention Center is getting replaced as the renovation and expansion of the facility speed up heading into the first quarter of 2017. No events will be held at the center until late May, and work will continue for months after it partially reopens. The $600 million redo remains behind schedule after planning, permitting...
Homeowners twice as house rich as five years ago
America’s housing market is heating up again, fortifying the finances of current homeowners and frustrating potential first-time buyers. After hitting bottom in 2012, home prices took off dramatically before leveling off a bit in mid-2014. In the last two months, though, they turned higher again. The amount of equity homeowners now have — the value...
Little Haiti Development
A Miami-based company has submitted plans to the Urban Development Review Board for a large-scale, mixed-use project on 22 acres it owns in Little Haiti. The Eastridge Special Area Plan (SAP) proposal would replace the Design Place Apartments at 5045 Northeast Second Avenue in Miami. SPV Realty owns the existing apartments, built in 1948. Kobi Karp is the...