July 31, 2014
Related Group is breaking ground on Paraiso Bay today. The twin luxury towers will rise 53 stories in Miami's Edgewater neighborhood. Each Paraiso Bay condo will face Biscayne Bay and Miami Beach.
Paraiso Bay will contain 325 exclusive condos in each tower. The luxury development will feature a 3-acre amenity deck, a beach club, a state-of-the-art fitness center and a health spa. Building completion is scheduled for spring 2016.
The Paraiso development will also feature two other luxury condo towers. Construction on One Paraiso and Paraiso Bayviews is expected to begin in November 2014.
To secure a Paraiso Bay condo, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
July 29, 2014
The Chateau Group announced a partnership with the luxury brand Fendi. Chateau Ocean in Surfside will be branded as Fendi Chateau Residences. The 12-story oceanfront development is currently under construction at 9365 Collins Avenue, just a few blocks south of the Bal Harbour Shops.
Fendi Chateau Residences will contain 58 luxury condos ranging in size from 3,300 square feet to over 7,000 square feet. The exclusive condominiums will feature Fendi Casa kitchens, flow-through floor plans, spacious terraces and summer kitchens. The lavish project is Fendi’s first branded real estate development.
Fendi Chateau Residences is scheduled for completion in 2016. The luxury condos are priced from 5 million dollars to 22 million dollars.
To secure a Fendi Chateau condo, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Herald
July 24, 2014
The real estate market in Broward County continued to see growth in June. Both home prices and sales in the county increased.
The median price of an existing single-family home increased 5.7 percent in June from the previous year. Home sales in Broward County rose 5.4 percent in June on a year-over-year basis. Sales were up 6.3 percent from May.
The median condo price jumped 23.8 percent in June from the previous year and 3.1 percent from the previous month. Broward condo sales rose 10.1 percent in June on a year-over-year basis.
To purchase or list a luxury home or condo for sale in Fort Lauderdale, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Herald
July 18, 2014
A Jeff Koons sculpture owned by the residents of Oceana Bal Harbour is on loan for a world tour through the Whitney Museum in New York City, Centre Pompidou in Paris, Guggenheim in Bilbao and MALBA in Buenos Aires. The “Pluto and Proserpina” sculpture will then be on permanent display at Oceana Bal Harbour. It marks the first time a work of art owned by residents of a condo development has embarked on a world exhibition tour.
Jeff Koons, the most expensive living artist at auction, created two sculptures for Oceana Bal Harbour. Along with “Pluto and Proserpina”, “Ballerina” will also adorn the luxury building’s breathtaking 5-story breezeway.
Oceana Bal Harbour is scheduled for completion in 2016. The 28-story oceanfront building will contain 239 condos. The lavish residences will offer panoramic views, spacious balconies, floor-to-ceiling glass, private elevators and more.
To secure an Oceana Bal Harbour condo, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: The Wall Street Journal
July 15, 2014
The Armani Group, Related Group and Dezer Development officially announced the Residences by Armani / Casa in Sunny Isles Beach. The luxury residential tower is a much anticipated collaboration between architecture, design and development powerhouses. Reservations for the luxury condos will begin soon.
The Residences by Armani / Casa will rise 60 stories at 18975 Collins Avenue in Sunny Isles Beach. The Cesar Pelli-designed oceanfront tower will contain 260 ultra-exclusive condos, with prices starting at just over 1 million dollars. The Armani Group is designing elegant, modern interior spaces. The project is aiming for completion in 2016.
Sunny Isles Beach is seeing multiple new construction collaborations between developers and international brands. Dezer Development is also currently working with Porsche at the Porsche Design Tower Miami.
For the latest information on the Residences at Armani Casa, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
July 11, 2014
Florida is once again the top state for international real estate sales. An impressive 23 percent of foreign buyers in the United State bought in Florida over a 12-month period ending in March, according to the National Association of Realtors.
Nationally, international sales of American real estate increased 35 percent compared to the previous year. Chinese buyers were the most active, with a commanding 24 percent of total foreign sales. Foreign buyers continue to be attracted to economic stability, appealing prices and solid investment opportunities in the United States.
In Florida, Europeans accounted for 28 percent of real estate sales, and Latin Americans made of 26 percent of the market. Asian buyers only accounted for 8 percent of transactions. However, Chinese buyers are increasingly showing interest in luxury condos and houses in the state.
To learn about the market or purchase a home or condo in South Florida, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Herald
July 09, 2014
Park Grove is set to rise on a desirable waterfront lot in Miami’s Coconut Grove neighborhood. The luxury development will be situated on a 5.2-acre site and will include 3 exclusive condominium towers, a bank headquarters, retail space and restaurant space. The project is a joint venture between the Terra Group and Related Group. Rem Koolhaas’ OMA is designing Park Grove.
Park Grove will consist of two bayfront, 20-story towers with 72 condos in each and a rear, 20-story tower with 140 smaller condos. The LEED Silver-certified development will offer a large pool, private cabanas, a state-of-the-art fitness center, a wine cellar and a private club for residents.
Currently, one of the two bayfront towers is open for sales. Prices for the 2 to 4-bedroom condos begin at approximately 1,000 dollars per square foot. About 30 percent of the building is sold. The rear tower opened for sales 3 weeks ago, and about 20 percent of the building is already spoken for. Prices in the rear tower start at 900 dollars per square foot.
Construction on Park Grove is scheduled to begin during the first quarter of 2015.
For pre-construction, insider pricing on Park Grove condos, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Herald
July 08, 2014
South Florida is currently seeing an influx in designer collaborations on new real estate developments; something that was not seen during the last real estate boom. To complement “starchitects” on high-end projects, prominent interior designers are being recruited by developers to create distinct social spaces and luxury additions to individual condominiums.
At Jade Signature in Sunny Isles Beach, renowned designer Pierre-Yves Rochon is crafting modern social spaces. Also in Sunny Isles Beach, the residences at the Mansions at Acqualina will have 100,000-dollar, Ornare dressing rooms and furnishings through an exclusive collaboration with Fendi Casa. Chateau Ocean in Surfside will feature interior design by Fanny Haim, with lavish furnishings also by Fendi Casa.
For more information on new construction in South Florida, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Ocean Drive
July 03, 2014
Reach Brickell City Centre has been open for sales for nearly a month, and according to sources, the 43-story tower is already 50 percent sold out. Due to the building’s success, the luxury development’s exclusive tower suites have been released for sale.
The Reach Brickell City Centre tower suites are located between the 37th and 42nd floors. The exclusive residences feature 2,740 square feet, east and west views, 3 bedrooms and 4.5 baths. Prices for the luxury suites begin at 2.1 million dollars.
Reach residents will enjoy easy access to all the amenities and attractions of the anticipated Brickell City Centre. The Brickell City Center is a 1.05-billion-dollar, mixed-use development that will contain 5.4 million square feet of hotel, office, retail, entertainment and residential space. Phase I of the project is scheduled for completion in 2015.
To secure a Reach Brickell City Center tower suite, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
July 01, 2014
The Miami real estate market continued to show strength in May. The median sales price of both existing single-family homes and condos increased, and demand remained strong.
In May, the median sales price for single-family homes increased 12.6 percent year-over-year, marking the 30th consecutive month of price gains. The median sales price for condominiums in Miami rose 3.6 percent, the 35th consecutive month of condo price increases.
May data shows that real estate in Miami continues to sell quickly and at near asking price. New listings are also slowly increasing, as sellers regain confidence in the invigorated market.
To purchase or list a home for sale, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: World Property Channel
June 27, 2014
South Florida home prices increased again in May. The median price of an existing single-family home in Broward County rose 10 percent from a year earlier, and the median price of an existing single-family home in Palm Beach County increased 7 percent in the same time period. Miami-Dade County saw price increases of 13 percent.
There were 1,341 home sales in Broward County in May. Palm Beach County saw 1,640 homes change hands, and there were 1,215 Miami home sales.
Statewide, the median price of an existing single-family home rose 4 percent. Florida home sales also increased 4 percent in May from a year earlier.
To list or buy a home in South Florida, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Sun Sentinel
June 25, 2014
Douglas Elliman Real Estate and Zillow have entered a strategic marketing partnership. Zillow is the largest real estate network on the web.
Through the partnership, all of Douglas Elliman’s listings will appear as featured Zillow listings, by way of a direct feed from Douglas Elliman. This direct feed ensures that real-time information is shared with Zillow’s nearly 82 million monthly visitors. Douglas Elliman listings will also show up at the top of search results on Zillow, Zillow’s mobile apps, AOL Real Estate and HGTV’s FrontDoor. Approximately 170 homes are viewed every second on Zillow’s mobile apps alone. Furthermore, Douglas Elliman Real Estate listings will feature unique branding.
“This ultimate pairing of technology, data, and face-to-face information is designed to provide the best possible service to the customer,” Douglas Elliman President and CEO Dottie Herman stated.
June 19, 2014
New luxury condo developments are popping up throughout South Florida, and developers are using varying tactics to attract affluent buyers. Increasingly, they are utilizing art to make their projects stand out from the pack.
At Muse in Sunny Isles Beach, the developers Property Markets Group and S2 Development commissioned world-renowned sculptor Helidon Xhixha to create original works of art for every buyer in the 68-unit, oceanfront building.
“Those who invest in high-end luxury homes also tend to have a strong knowledge of art,” Xhixha told the NY Times. He also noted that having a 47-story tower filled with his sculptures will be like having his own private museum.
Recently, Muse began converting refundable reservations into presale contracts. This puts the Carlos Ott-designed building on track for groundbreaking at the end of this year. Completion is scheduled for 2017.
For more information on Muse condos for sale, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: NY Times
June 17, 2014
Luxury home sales in Palm Beach County continue to increase. The number of 1-million-dollar-plus homes sold in the first quarter of 2014 rose by 16 percent from the first quarter of 2013. It marked the second consecutive year of increased luxury home sales in Palm Beach County.
A total of 245 single-family homes in Palm Beach County sold for 1 million dollars or more over the first quarter of this year. The most expensive sale was an oceanfront estate purchased for 30 million dollars. The palatial Palm Beach mansion features 7 bedrooms, 11 bathrooms and 2 living rooms.
For more information on luxury oceanfront homes for sale, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Sun Sentinel
June 13, 2014
The Miami Heat are currently trailing the San Antonio Spurs in the NBA Finals, but their collective real estate portfolio dominates the NBA. Three Heat players claimed spots in the top 5 most expensive homes owned by NBA players. Impressively, Chris Bosh made the list twice.
Bosh took the number one spot on the list. His Miami Beach home on prestigious North Bay Road is valued at 12.3 million dollars. He also claimed the number three spot, with his 9.4 million-dollar California estate. Lebron James came in fourth. His waterfront home in Miami is valued at 9 million dollars. Dwyane Wade followed closely behind, with his 8.9 million-dollar estate.
The Miami real estate market has rebounded remarkably well. The Heat need to do the same.
For more information on luxury homes in Miami, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Bleacher Report
June 10, 2014
Regalia in Sunny Isles Beach was completed at the end of last month. It is the sixth new condo development in South Florida completed since the 2007 real estate crash. Closings are currently underway in the ultra-exclusive oceanfront tower.
Regalia contains 39 luxury condos, with each residence taking up an entire floor of the 47-story tower. Over 85 percent of the condominiums in Regalia are under contract. However, a palatial, 10-447-square-foot penthouse is still available in the impressive building.
Regalia is expected to open in the middle of this summer. To purchase a Regalia condo, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: The Real Deal
June 05, 2014
One of the two condo towers planned for the Brickell City Centre megaproject has opened for sales. The luxury condos in Reach Brickell City Centre are priced from 550,000 dollars to 2.5 million dollars. The exclusive tower will contain 390 condominiums.
Reach Brickell City Centre will feature a state-of-the-art fitness center, an exclusive spa, multiple pools and a large amenity deck. Reach condos will offer high ceilings, floor-to-ceiling glass, custom kitchens and imported marble floors.
Brickell City Centre is a 1.05-billion-dollar, mixed-use project in the heart of downtown Miami. The first phase of the development will include a high-end shopping center, a hotel, a wellness center and office space. It is scheduled for completion by the end of 2015.
To secure a Reach Brickell City Centre condo, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Herald
June 02, 2014
A spacious beach club will be built at Related Group’s Paraiso Bay megaproject in Miami’s Edgewater neighborhood. The private beach club will be a shared amenity between Paraiso Bay, One Paraiso and Paraiso Bayviews.
The Paraiso beach club will be located directly on the bay. It will contain a marina, pool, Michael Schwartz restaurant and 2-story clubhouse.
Paraiso Bay will include 2 towers, with 325 luxury condos in each tower. The waterfront development is scheduled for completion in spring 2016. One Paraiso will contain 276 exclusive residences, and Paraiso Bayviews will offer 396 Edgewater condos. One Paraiso and Paraiso Bayviews are both scheduled for completion in late 2016 or early 2017.
To secure a condo in one of the exclusive Paraiso towers, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
May 30, 2014
Preliminary site work at a waterfront parking lot in downtown Miami will represent the start of construction on SkyRise Miami, a 1,000-foot-tall observation tower. The placement of 3 pilings ensures that the developer can maintain height approval from the FAA before it expires in the middle of next month.
SkyRise Miami will include observation decks, nightclubs, a bungee jump platform and a flight simulator attraction. The R-shaped, glass and steel tower is planned for a parking lot currently leased from the city by Bayside Marketplace. SkyRise Miami hopes to sublease the 2-acre waterfront lot, pending a public vote. Vertical construction on the tower will not commence until it is approved by the Miami City Commission.
Downtown Miami is seeing a surge of new construction. The Miami Worldcenter, One Thousand Museum and SLS Lux are also planned for the area. For more information on downtown Miami real estate, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Today
May 27, 2014
Faena House Miami Beach has topped off at 18 stories. All 47 luxury condos at the oceanfront development are under contract, including a lavish duplex penthouse originally listed for 50-million dollars.
Faena House broke ground in January 2013. The ultra-exclusive condo building was designed by renowned architect Norman Foster. Faena House is part of the larger Faena District project in Miami Beach.
Faena House is scheduled for completion later this year. For more information on luxury condos for sale in Miami Beach, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
May 22, 2014
The median price of an existing single-family home in Broward County increased 9.2 percent in April, compared to April 2013. The median price of a condo in Broward County rose 14.3 percent in the same time period.
The housing inventory also increased in April. The number of single-family homes listed for sale rose 41.2 percent on a year-over-year basis. The number of condos for sale in Broward jumped 35.6 percent. However, inventory is still on the low side. A six-month supply is generally thought to reflect a balanced market. Currently, single-family Broward homes are at 4.6 times the number of homes sold in a month, and Broward condos are at 5.8 months of inventory.
The increase in the median price of homes in Broward County and the increase in new inventory are favorable indicators for both buyers and sellers. To buy or list a home for sale, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Herald
May 16, 2014
Terra Group received approval for a new luxury condominium tower in northern Miami Beach. The oceanfront building will rise 18 stories and contain 35 luxury residences.
The new condo tower will be built on an empty lot next to the former Biltmore Terrace Hotel. The hotel will also be renovated. Architect Alan Shulman is designing the new condo building and overseeing hotel renovations, and West 8 is in charge of landscape architecture.
Terra Group is also developing Glass in Miami Beach, Park Grove in Coconut Grove and the Grove at Grand Bay in Coconut Grove. More information will be posted as it becomes available. Contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500 for the latest South Florida new construction information.
May 14, 2014
In 2013, Miami was listed as one of the top 10 luxury residential real estate markets in the world for the second consecutive year. Other cities on the list include London, Cote d’Azur, Hong Kong, Los Angeles, New York City, Paris, San Francisco, Toronto and Sydney.
The Miami real estate market stands out due to the city’s culture, weather and overall value. On a global scale, luxury homebuyers get more for their money in Miami. The average price per square foot of a luxury property remains comparatively low, and wealthy buyers are attracted to Miami’s vibrant lifestyle and the lack of state income tax.
Luxury Miami homes sold faster in 2013 than in 2012 and 2011. Affluent homebuyers are flocking from Latin America, Europe and other parts of the United States. People who can choose to live anywhere in the world are picking Miami.
Miami is projected to remain one of the world’s top luxury residential markets for the foreseeable future. To learn more about luxury homes and condos in Miami, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Today
May 08, 2014
According to a recent posting, the SLS Lux Brickell reserved nearly 100 million dollars’ worth of luxury condos during the first week of sales. The exclusive development is set to rise 57 stories in the heart of Downtown Miami.
SLS Lux condos will range in size from 1 to 3 bedrooms, plus larger penthouse residences on the top floors. The 450 exclusive condominiums will feature floor-to-ceiling glass, spacious terraces and views of Biscayne Bay.
The SLS Lux will break ground later this year, with building completion scheduled for 2017. To reserve your SLS Lux condo, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500 before it’s too late!