April 9, 2018
A version of Wynwood’s hip vibe is set to take root in Miami Beach. Called the North Beach Yard, Miami Beach commissioners approved a five-year lease with the city to turn a lot at 81st Street and Collins Avenue into a trendy outdoor gathering space for the public. Wynwood Yard founder Della Heiman and her business partner Ken Lyon have been working on the plans that would include food trucks, small retail businesses, a bar, a performance stage for live entertainment and daytime programming, a pavilion and a renovated city-owned building that will serve as a community center.
April 5, 2018
The Miami Worldcenter will be a nearly 30-acre destination in the heart of downtown Miami. Miami Worldcenter is set to bring a new energy to the city of Miami with a compelling blend of exceptional retail, hospitality, and residential offerings in one unique location. The development, spearheaded by Art Falcone and Nitin Motwani, will include the Mall at the Miami Worldcenter, the 7th Street Promenade, an 1800-room Marriott Marquis Hotel and Expo Center, residential towers and the signature centerpiece, the ultra-luxurious Paramount Miami Worldcenter residential condo tower.
April 2, 2018
According to a report released by Dodge Data and Analytics, this past February showed new construction spending was up 81 percent from the previous year. That number comes in at nearly $1.5 Billion with commercial development starts totaling $775 Million and residential construction totaling $698 Million. Year to date new residential construction starts saw the highest increase in spending to $1.44 Billion. That’s a 93 percent increase from 2017.
February 19, 2018
According to the National Realtors Association of Realtors, Canadians made up 9 percent of foreign buyers of South Florida residential properties last year. That number is up from 6 percent in purchased in 2016. Canadians also bought $19 billion of residential property in the United States last year, more than double their $8.9 million of purchases in 2016.
February 15, 2018
Today (February 15th) marks the beginning of the Miami International Boat Show. This 5 day event, located at the Miami Marine Stadium, takes place from February 15th to the 19th from 10am to 6pm. The event is expected to draw more than 100,000 boating and marine enthusiasts from 35 different countries to the area. According to the official website, the attraction will span more than 1 million square feet, offering attendees the opportunity to view and purchase the newest and trendiest items in the boating industry.
February 13, 2018
AirBnB recently announced its hosts are contributing to local and state government coffers with a new and lucrative cash stream. The company released a press release noting that AirBnB collected $45.7 million in tax revenues in 2017. Those taxes were remitted to the Florida Department of Revenue and to the 39 counties that have signed agreements with the company. Of that lump sum, Miami-Dade and Broward counties accounted for 40 percent of the total at $18.3 million. The 2017 tax revenue collection is more than double the numbers recorded in 2016.
February 8, 2018
According to a report from Beauchamp Estates in association with Leslie J. Garfield & Co., ultra-wealthy international buyers are looking to buy luxury real estate in the United States; particularly in South Florida, New York and Los Angeles. According to the managing director at Beauchamp Estates, Gary Hersham, "Miami is a leading hub for overseas buyers investing in U.S. luxury real estate." Miami is a very popular destination for wealthy buyers from South America (Columbia, Brazil, Argentina), Great Britian and the Philippines.
February 5, 2018
Recently, we've begun to see cryptocurrencies such as Bitcoin shake up the real estate market. There have been a number of news stories featuring luxury property owners requesting Bitcoin as the preferred method of purchase. Real estate agents and sellers are also hoping to lure the newly wealthy cryptocurrency investors by touting their Bitcoin-friendly listings. That being said, there are still reservations when it comes to Bitcoin. There are concerns over the currencies' extreme volatility and lack of transparency. Like it or not, cryptocurrencies look like they are here to stay in one form or another, and it is important to have an understanding of how they can be used.
2100 N. Ocean Blvd. Suite #402, Fort Lauderdale, Fl 33305
Office: +1.954.828.1858 Mobile: +1.954.817.2500 Email: nhiggins@spg.cc
All information displayed on this website is subject to errors, omissions, prior sale or withdrawal without notice. All text, images, graphics, and other materials on this website are subject to copyright and other intellectual property rights of The Seaside Group at Douglas Elliman unless otherwise stated. These materials may not be reproduced, distributed of reposted to print or other websites without the express written permission of The Seaside Group at Douglas Elliman.
DOUGLAS ELLIMAN, LICENSED REAL ESTATE BROKER
All contents © Copyright 2018 Seaside Properties
Group at Douglas
Elliman.
All
rights reserved in All Countries.