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What is happening with the worlds ultra wealthy?
From the New York website: The number of ultra-high net worth individuals — those with assets of $30 million or more who’ve got the funds to purchase the world’s most desirable properties — jumped 42 percent over the past decade to 193,000 worldwide, according to a new Wealth Report from Knight Frank. New York City is home to more than 6,500 of these individuals, more than any other city in the world, the report shows, and the city is poised to see that number swell to over 8,500 by 2026. On an annual basis, that’s 8,225 new UHNWIs each year...
read moreBal Harbour Shops sweetens offer to village in drive for expansion
The owner of the Bal Harbour Shops has modified its $400 million expansion plans to provide benefits for the village of Bal Harbour, including the construction of public buildings and donated land. Whitman Family Development said its proposed development agreement would provide more than $100 million in benefits to the village. In exchange, it wants approval to expand the mall by 340,387 square feet on its current footprint. The Bal Harbour Shops already totals 463,477 square feet, so this would be a major expansion. The developer would add a...
read moreMiami to get a Chinatown, and what that could mean
Most major cities have Chinatowns – Chicago, Los Angeles, New York. So why not Miami? The City had the same thought last year in February when it passed a resolution designating the stretch of Northwest Seventh Avenue that runs between 119th and 135th Street as the “Chinatown Cultural Arts and Innovation District.” The City is still working on a masterplan for the commercial district, though it unveiled its initial plans for the project during a public presentation this week. When North Miami’s Chinatown district is complete, investors in the...
read moreNew Brightline train arrives in South Florida
The company behind Miami-to-Orlando passenger train Brightline has a new milestone under its belt, with the second of five trains arriving in South Florida this week ahead of the project’s local debut this summer. Trainset “BrightPink” embarked on its 3,000-mile journey from Siemens’ Sacramento, California facility to Brightline’s railroad operations center in West Palm Beach on Friday. As of today, about 80 percent of the rail infrastructure improvements on the corridor between West Palm Beach and Miami are complete, said All Aboard Florida,...
read moreMore businesses relocating U.S. headquarters to Miami
A logistics and freight forwarding company with a presence in more than 130 countries has chosen Miami’s Blue Lagoon for its Region Americas headquarters move, bringing 88 high-paying jobs to the region. The company will officially announce the move Wednesday at the Beacon Council’s 2017 Annual Key Ceremony at the InterContinental Miami. DB Schenker Americas began relocating workers from Freeport, New York to a temporary office near Miami International Airport in September. It currently has 30 employees at the site as it awaits...
read moreAmerican Dream Miami | Triple Five | Miami Mega-Mall Plans ready in 2022
The state of Florida is moving forward with a standard 30-day review of American Dream Miami, which means plans for the mega-mall are heading to a final vote by June. A regional planning board, the South Florida Regional Planning Council, will meet again on Friday to provide its input on the 6.2 million-square-foot development planned for Northwest Miami-Dade. The board, made up of elected officials from Broward, Miami-Dade and Monroe counties, rejected a staff request on Monday to label the project “generally consistent” with local goals,...
read moreNew listing, Best Deal on Elite Fisher Island Paradise. $1,750,000
Welcome to Fisher Island Club Florida’s Most Exclusive Club & Residences 2212 Fisher Island Dr Fisher Island, FL 33109 $1,750,000 Listed By Patricia Delinois Mobile: (786) 252-6288 CENTURY 21 Premier Elite Realty. MLS #: A10173539 2 beds + Den | 2.5 baths | 1,912 sq ft Click Full Article for more details. Full Article Save Article Article Feedback Share Article
read moreWhiddon family proposes multifamily project along New River in Fort Lauderdale
A waterfront property in Fort Lauderdale could be rezoned for 215 multifamily units. The city’s Development Review Committee will consider the application by Whiddon Family LLC on Feb. 14 to rezone the 12.5-acre site from single-family residential to medium-high density residential. The property includes the single-family houses at 1131 and 1151 S.W. 9th Ave. plus vacant land on the north side of Davie Boulevard. Click Full Article for more details. Full Article Save Article Article Feedback Share...
read moreUniversity of Miami Real Estate Impact Conference 2017, redevelopment of CocoWalk
The University of Miami brought together some of the nation’s biggest real estate players to discuss how they’re dealing with rapidly changing trends, and a major revamp for CocoWalk was among the biggest news. Over 550 people gathered in the Four Seasons Brickell for the UM Real Estate Impact Conference on Friday to highlight both local and national trends. It was headlined by Lennar Corp. CEO Stuart Miller and David Simon, CEO of mall owner Simon Property Group (NYSE: SPG). Click Full Article for more details. Full Article Save Article...
read moreFla.’s housing market ends 2016 with higher prices
ORLANDO, Fla. – Feb. 9, 2017 – Florida’s housing market wrapped up 2016 with more new listings, higher median prices and fewer sales of distressed properties compared to the year before, according to the latest housing data released by Florida Realtors®. “This past year was marked by tight housing inventory throughout Florida, particularly in the range of $200,000 and under,” said 2017 Florida Realtors President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart. “Buyer interest was high and home sales...
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