May 8, 2013
Miami has been ranked number 10 on fDi Magazine’s list of the Top 10 Overall American Cities of the Future. Miami also ranked 8 for infrastructure, 7 for business friendliness and 8 for economic potential on fDi’s lists of the Top 10 Major American Cities of the Future. The Major American Cities of the Future category is made up of cities with an immediate city population of more than 750,000 people plus a metro area of more than 2 million, or a metro area of more than 4 million people.
May 7, 2013
Miami-based developer Alan Ojeda’s Rilea Group is building a new luxury condo tower in the heart of Brickell. The 44-story, 323-unit building known as The Bond is set to rise at 1080 Brickell Avenue in Miami. Construction on the luxury condos will begin as early as August.
May 2, 2013
A new, ultra-luxury condo tower is coming to the South-of-Fifth neighborhood in Miami Beach. The building formerly marketed as Kallisto and 120 Ocean will finally rise as Glass Miami Beach. The 18-story luxury tower will have 10 units and wide outdoor terraces.
April 30, 2013
Previously, the tallest buildings in the world were built to provide office space, while residential buildings lingered in their shadows. However, that is no longer the case. In recent years, luxury residential developers have raced skyward to provide panoramic views for cash-flush global buyers.
April 26, 2013
The real estate market in Miami and surrounding areas has been hot lately, thanks in part to an increase of wealthy overseas buyers purchasing vacation homes with cash. With foreign wealth flocking to Miami, luxury sales prices have increased in the first quarter of 2013, on a year-over-year basis.
April 22, 2013
Home prices in South Florida continued to increase in March due to growing demand and declining housing inventory. In Miami-Dade County, the median price of a single-family home rose 25.1 percent to 225,000 dollars, compared to 179,850 dollars a year earlier. In Broward County, the median price of an existing single-family home jumped 26.3 percent to 242,500 dollars in March, from 192,000 dollars a year earlier. On average, single-family homes were on the market for just 30 days, compared to 46 days last year.
April 19, 2013
As overseas buyers continue to purchase second homes in the United States, developers are increasingly customizing their projects to appeal to the global audience. In 2012, international buyers purchased 82.5 billion dollars’ worth of residential real estate in the U.S., up from 53.4 billion dollars in 2010. With no slowdown in sight, developers are finding ways to tailor the interiors of residential units to suit the tastes of buyers from different countries.
April 17, 2013
The Porsche Design Tower currently has over half of its 132 units under contract, according to Gil Dezer, president of Dezer Development. This equates to an impressive total of over 400 million dollars in sales at the luxury condo building. The ultra-exclusive, 60-story tower is set to rise in Sunny Isles Beach.
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