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Real Estate

Proposed 5th Street Pedestrian Bridge Miami Beach

Proposed 5th Street Pedestrian Bridge Miami Beach As part of the development agreement for the 500-700 blocks of Alton Road, the City of Miami Beach gets a new park and a new pedestrian Bridge crossing over the busy 5th Street/MacArthur Causeway entrance to the Beach. Developer Russell Galbut said he and his group have met on a few events with the Secretary of the Florida Department of Transportation...

Judge upholds Miami referendum on land lease negotiations for soccer stadium project

Judge upholds Miami referendum on land lease negotiations for soccer stadium project A judge upheld the result of a Miami referendum authorizing the city to negotiate a lease for a stadium where David Beckham's Major League Soccer team would play. The decision by Miami-Dade Circuit Judge Mavel Ruiz saved the result of the choice in November, when 60 percent of Miami voters approved the exchange of a...

Arquitectonica-Designed 57 Ocean To Break Ground In Miami Beach April 4

Arquitectonica-Designed 57 Ocean To Break Ground In Miami Beach April 4 Miami Beach is getting a brand new condo building called 57 Ocean. A groundbreaking ceremony is scheduled for April 4, the developers announced yesterday in a press release. A $3 million sales gallery also recently opened. The 18-story tower will incorporate 81 units running in cost from $1.5 million to $31 million. A more...

South Florida Condo Developer Inventory Winding Down

With South Florida condo developer inventory winding down, here are the facts you need to know South Florida condo buyers should be aware of the predominantly end-user market, the slowing of new construction, the winding down of developer inventory and the outlook on future supply. Over the past 25 years, South Florida's horizon has been changed from unmistakable design brought to us by world-class...

Kushner To Build $550M, 1,100-Unit Apartment Complex In Edgewater

Kushner To Build $550M, 1,100-Unit Apartment Complex In Edgewater New York's Kushner Companies will enter the Miami market for the first time with plans to develop in Edgewater, according to Bisnow which cited unnamed sources. The first stage will be around 400 units at 2000 Biscayne, with development to start in the second from last quarter. The course of events implies that the designer likely expects...

Inside Miami Beach’s war on short-term rentals

Inside Miami Beach’s war on short-term rentals Two years after enacting the largest short-term rental fines in the country, Miami Beach still has a thriving illegal market. Some owners are deterred by tough tactics; others continue to rack up penalties. Urban areas over the U.S. are fighting illicit transient rentals, which they contend adversely sway the personal satisfaction for property holders and...

How Many Co-Living Units in North Beach Town Center?

How Many Co-Living Units in North Beach Town Center? When the City Commission approved the new regulations for development of the North Beach Town Center – Central Core, one of the sticking points was the number of co-living or micro units. The idea, which takes into account littler living spaces and increasingly shared space inside a structure, is grabbing hold in urban regions all through the U.S. in...

A closer look at Jean Nouvel Monad Terrace

A closer look at Jean Nouvel Monad Terrace The South Beach development is the French architect first and only residential project in Florida. As vertical development proceeds on SoBe's Monad Terrace, the group behind the novel waterfront advancement has discharged crisp renderings indicating new edges of its emotional structure from Pritzker Prize-winning French modeler Jean Nouvel. The pictures give...

Miami’s Antiquated Permitting System Gets a Reboot

Miami's antiquated permitting system gets a reboot, but developers remain wary Being a developer can take a good amount of patience, but in Miami that virtue has long been put to the test. Initial approval for a commercial or residential project can take between six months to a year. Physical plans are conveyed starting with one city division then onto the next, and any adjustments in an application can...

More Americans are Paying Mortgages On Time

More Americans are paying mortgages on time It's a real estate and social barometer that doesn't get a lot of publicity, but it's important: More Americans are paying their mortgages on time today than they have in nearly two decades -- maybe even longer. That is a serious deal, since when enormous quantities of proprietors do the inverse — quit paying on their home credits for a considerable length of...

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