JTHS Council of the MIAMI Association of REALTORS - Jupiter, Tequesta, Hope Sound



Miami: The Best Place to Live, Work and Play

by | Oct 19, 2016

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With its oceanfront resort lifestyle and myriad entertainment, fitness and nightclub options, it’s no surprise Miami ranks among the most fun cities in America. According to a new study by Wallet Hub, Miami ranked No. 3 for the most fun cities in America.

Wallet Hub compared the 150 largest U.S. cities based on 51 key metrics, including restaurants, fitness centers per capita, movie costs and average open hours of breweries. Miami scored well on all of them.

Miami ranked second in the nation in restaurants per capita and tied for first in fitness centers per capita.

2016 Most Fun Cities in America

  1. Las Vegas
  2. Orlando
  3. Miami
  4. New Orleans
  5. Salt Lake City
  6. Cincinnati
  7. Fort Lauderdale
  8. St. Louis
  9. Atlanta
  10. Scottsdale

South Beach
South Beach is an international capital of late- night fun. Celebrities, athletes, tourists and residents gather here on a nightly basis.

Greater Miami and the Beaches draws 14.2 million overnight guests a year – with 7.1 million of them int’l visitors. Miami hotels rank fifth in U.S. in occupancy after New York, Oahu Island, San Francisco, & Boston

Miami’s Urban Core
Once a quiet 9-to-5 job district, downtown Miami has transformed into one of America’s most exciting, thriving areas.

A growing population of young professionals are living, working, and playing in downtown, which today boasts the highest concentration of cultural institutions in the Southeast and almost 400 restaurants and bars.

Downtown Miami’s stunning amount of recent commercial real estate development and world- class cultural additions have helped alter South Florida’s image. South Florida is no longer a resort town known only for its beaches. Today, South Florida is a leading global center with world- class amenities. Several of these amenities sit in downtown along picturesque Biscayne Bay.

The breathtaking Adrienne Arsht Center for the Performing Arts and the internationally-acclaimed Perez Art Museum opened in downtown in 2006 and 2013, respectively. South Florida’s new science wonderland — the $300 million Patricia and Phillip Frost Museum of Science — is being built adjacent to Perez Art. When the science museum opens in the summer of 2016, Downtown Miami will feature three of America’s top cultural facilities, all within close proximity.

Downtown’s commercial real estate boom has also resulted in more restaurants, hotels, and retail centers. Downtown, which had few stand- alone restaurants 20 years ago, now features 392 restaurants and bars. Several new hotels, including the 54-story Epic Hotel & Residences and the luxury JW Marriott Marquis, and condo buildings have opened within the last six years.

Downtown’s growing population — 80,000 live in Greater Miami — will have plenty of shopping opportunities as more than 2 million square feet of retail is planned. About half of that retail space belongs to the Miami Worldcenter, which will comprise 27 acres of retail, residential and hospitality uses in the heart of downtown Miami. It’s expected to open in 2017.

All Aboard Florida, the downtown Miami-to- Orlando passenger train, is also being built with 163,000 square feet of commercial and retail space. When All Aboard Florida starts running trains in 2017, it will only add another dimension to one of America’s fastest evolving downtowns.

Pro Sports Teams in World-Class Venues
Basketball’s Miami Heat, baseball’s Miami Marlins and football’s Miami Dolphins have each won championships. The Heat have a long-term lease at their downtown arena; the Marlins recently opened a state-of-the-art, indoor park and the Dolphins’ home stadium has hosted five Super Bowls

Green Space
Green space can have a revitalizing impact on properties, particularly underutilized ones. As more users gravitate to dedicated green spaces, more commercial investment follows. When developers improve or build new projects with significant green space, nearby property values are increased and ultimately tax revenue as well

With that in mind, South Florida developers have plans to add to what is already a significant parks system. Miami-Dade County Parks is the third- largest county park system in the U.S., consisting of 260 parks and 12,825 acres of land.

The most publicized upcoming project, The Underline, is a proposed 10-mile long bikeway and linear park that will run underneath the Metrorail tracks in Miami-Dade. The Underline will connect several diverse communities from Dadeland South to Brickell, one of the nation’s largest financial districts. It will improve pedestrian and bicyclist safety, create over a hundred acres of open space with restored natural habitats, encourage a healthy lifestyle, provide easily accessible places to exercise, and more. The Underline will increase property values because it will improve the adjacent and connecting property.

The Underline is often compared to New York City’s High Line, a 1.45-mile long elevated linear park. The High Line had a significant impact on property values. The High Line, which had its first section open to the public in 2009, generated $3 billion in real estate development and an additional $1 billion in tax revenue after its creation. High Line Designer James Corner Field Operations has been hired by Miami-Dade County to design Miami’s Underline.

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