Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • MIAMI Commercial & Expo to Explore Industry Trends and Opportunities

    Oct 17, 2018
    The MIAMI Association of Realtors Commercial (MIAMI Commercial) will present its 18th annual Commercial Conference & Expo on Friday, Oct. 19 at the Biltmore Hotel in Coral Gables. Five panels and sessions with more than 15 speakers will analyze the latest trends and opportunities in the South Florida commercial real estate market.
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  • MIAMI Realtors to Showcase South Florida Real Estate at Paris Expo

    Oct 11, 2018
    The MIAMI Association of REALTORS® (MIAMI) along with partner association FNAIM Gran Paris will again promote South Florida’s lifestyle and real estate market at one of France’s largest property showcases, Salon National de L’Immobilier, on Oct. 12-14 in Paris. MIAMI will make several South Florida market presentations at the expo, which is expected to attract 7,000 visitors and 70 exhibitors.
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  • Delegates from Six Countries Confirmed for MIAMI International Real Estate Congress

    Oct 10, 2018
    Delegates from six foreign countries have confirmed their participation for the 24th annual MIAMI Association of REALTORS® (MIAMI) International Real Estate Congress on Oct. 28-30 at the Biltmore Hotel. MIAMI will announce more participating countries soon as it prepares to host the international real estate event of the year, attended by more than 300 real estate professionals.
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  • Total Miami Home Sales Jump Double Digits in August 2018

    Sep 20, 2018
    Total Miami-Dade County home sales surged 13.3 percent year-over-year in August with single-family homes and condominium markets posting double-digit gains as total luxury sales, median prices and dollar volume increased, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Colombia Continues to be Top Country Searching for Miami Homes

    Sep 17, 2018
    Colombian consumers registered the most international web searches for Miami homes in June, according to a new report by the MIAMI Association of Realtors (MIAMI). Colombia registered 12 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in June 2018. Colombia has led the rankings for seven consecutive months.
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  • MIAMI Realtors Showcase South Florida Real Estate at Brazilian Convention

    Sep 14, 2018
    The MIAMI Association of REALTORS® (MIAMI) promoted South Florida real estate at one of Brazil’s largest real estate events, the Secovi-SP Convention, on Aug. 26-28 in São Paulo. Secovi-SP, Latin America’s largest trade union, was MIAMI’s first of 178 foreign partner associations worldwide.
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  • JTHS-MIAMI Realtors Raises Money for Palm Beach’s Center for Child Counseling

    Sep 13, 2018
    The Young Professionals Network of the Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) donated about $7,560 to the Center for Child Counseling in Palm Beach Gardens from proceeds raised from their annual Battle of Bartenders event.
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  • South Florida Office Dollar Volume Surges in 2Q 2018

    Sep 04, 2018
    South Florida office dollar volume rose to its highest value in the past three quarters, according to the new 2Q 2018 The Quarterly Report – South Florida Commercial Real Estate released by data firm Vizzda (Visual Data) and the MIAMI Association of Realtors Commercial (MIAMI Commercial).
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  • Miami Existing Condo Sales Continue Upward Trend in July

    Aug 22, 2018
    Miami-Dade County existing condominium sales increased year-over-year for the fifth time in the last seven months as median prices rose for all properties in July 2018, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Miami Realtors to Exhibit at Colombia’s Largest Real Estate Expo

    Aug 09, 2018
    The MIAMI Association of REALTORS® (MIAMI) will again promote South Florida’s lifestyle and real estate market at Colombia’s largest property showcase, El XII Gran Salón Inmobiliario – Feria Internacional, starting today through Sunday, Aug. 12 in Bogotá, Colombia. MIAMI will make a South Florida market presentation at the 13th annual expo, which is expected to attract 30,000 visitors and 200 exhibitors.
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  • Miami Condominium Sales Rise in 2Q 2018

    Aug 08, 2018
    Miami-Dade County existing condominium sales surged 5.6 percent in 2Q 2018 as median prices for all properties rose for the 26th consecutive quarter, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • JTHS-MIAMI Realtors Collect School Supplies for Boys & Girls Clubs of Palm Beach County

    Aug 06, 2018
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected $800 worth of school supplies for Boys & Girls Clubs of Palm Beach County children during its annual school supply drive.
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  • Colombia Continues to be Top Country Searching for Miami Homes

    Jul 24, 2018
    Colombian consumers registered the most international web searches for Miami homes in April, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 12.2 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in April 2018. Colombia has led the rankings for five consecutive months.
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  • Luxury Sales Continue to Rise while Limited Supply in Lower Price Points Results in Fewer Sales, Increased Prices

    Jul 23, 2018
    Miami-Dade County luxury real estate sales continue to increase while lower price points experience strong demand and limited supply, resulting in price increases countywide, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Colombia Continues to be Top Country Searching for Miami Homes

    Jul 09, 2018
    Colombian consumers registered the most international web searches for Miami homes in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 11.9 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in March 2018. Colombia has led the rankings for four consecutive months.
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  • South Florida Multifamily Transactions, Prices Rise in 1Q

    Jun 26, 2018
    South Florida multifamily real estate transactions jumped 8.5 percent year-over-year in 1Q 2018 and per-unit multifamily prices increased in Miami-Dade, Broward and Palm Beach counties, according to the new 1Q 2018 The Quarterly Report – South Florida Commercial Real Estate
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  • JTHS-MIAMI Realtors Collect 364 Pounds of Food for Needy Palm Beach Residents

    Jun 25, 2018
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected 364 pounds of non-perishable food for the Palm Beach County Food Bank in April as part of its annual JTHS-MIAMI’s “Move for Hunger” Food Drive.
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  • Colombia Leads Countries Looking for Miami Homes in February

    Jun 25, 2018
    Colombian consumers registered the most international web searches for Miami homes in February, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to February data.
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  • Miami Luxury Home Sales Jump in May 2018

    Jun 20, 2018
    Total Miami luxury home sales rose 24.1 percent year-over-year in May as existing condominium sales rose for the second consecutive month, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Miami Realtors Join Chapman Partnership to Feed Homeless

    Jun 18, 2018
    Continuing its changing communities initiative, MIAMI Association of Realtors (MIAMI) members and peers again fed dinner to 500 homeless residents on June 14 at the Chapman Partnership’s Downtown Miami Homeless Assistance Center.
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Building Boom: Miami Continues to Attract Major Projects, Developments

by | Jun 15, 2017



By Chris Umpierre

MIAMI Staff

America’s youngest major city, Miami evolves with each passing day.

South Florida’s most populous city is home to two of the United States’ largest mixed-use projects (the Brickell City Centre and the Miami Worldcenter) and more significant developments are on the way.

American Dream Miami, which at 6 million square feet would be the largest shopping mall/theme park in the U.S., and the 25,000-seat David Beckham privately-financed soccer stadium are undergoing city and county review. American Dream wants to open by 2022; Beckham hopes to kick off in 2021.

In recent months, developers have also announced plans to significantly remodel Miami’s Jungle Island, a zoological park, and CocoWalk, a top destination for shopping, dining and entertainment. In April, entrepreneur Moishe Mana announced plans for a massive Wynwood redevelopment that would include an 8.5-acre trade center to link Latin America with China and other parts of Asia.

The renovation/building announcements come while projects such as the Miami Worldcenter — one of the largest private master-planned projects in the United States — and 1000 Museum — which will be the late famed developer Zaha Hadid’s first high luxury skyscraper condo in the western hemisphere — are being completed in Downtown Miami.

Developers are proposing and building major Miami projects because Miami has evolved into a top global city with culture, art, name-brand shopping and entertainment. Miami is not only the capital of Latin America, but it is the city of the future with strong population growth, a thriving downtown and diverse employment centers.

A partial list of some of the major projects coming to Miami:

 

American Dream Miami

American Dream Miami is a proposed retail and entertainment complex in Northwest Miami-Dade County covering a staggering 6 million square feet. The theme park would be 30 percent bigger than the largest mall in America, the Mall of America in Minnesota, which is owned by the same developers.

It's not just a mall: Plans call for a skating rink, an indoor ski slope, an aquarium, nightclubs and theater space that can host acts like Cirque du Soleil and the Russian ballet. There’s also plans for 2,000 hotel rooms. A second developer plans apartments, offices and more stores nearby.

 

David Beckham Soccer Stadium

Soccer icon David Beckham wants to build a 25,000-seat soccer venue with an open roof and no parking garages near the Miami River in Miami’s Overtown neighborhood. The soccer stadium would be privately financed with no taxpayer money.

In June, Beckham secured land to build the soccer stadium after county commissioners approved selling him three acres for $9 million. The land completes Beckham’s assemblage of a nine-acre stadium site after his partnership, Miami Beckham United, paid $19 million for six acres of privately owned land in March 2016.

Beckham wants to bring Major League Soccer to Miami because Miami is a top-10 market with incredible diversity. About 51 percent of Miami residents are foreign born. Miami could thrive with an MLS team as soccer is the most popular sport in South America.

Jungle Island Renovation

In April, Jungle Island’s new owners announced plans to transform the 18-acre park into an eco-adventure destination. It would be a multi-million dollar project that would add zip lines, children’s adventures, water slides, a massive lagoon for swimming and water sports and a private beach club.

 

Owners plan to add more than 5,6000 feet of zip lines with drops as high as 14 stories over Miami this summer. Chilean company Crystal Lagoons, which has an office in Miami, will build the man-made lagoon that is the centerpiece of the new project.

 

CocoWalk Renovation

In May, the new owners of CocoWalk announced renderings of a major renovation for the Coconut Grove shopping center.

The new CocoWalk will feature a large open-air plaza, foliage, a mini-waterfall, trees and a modern, subdued design. The new CocoWalk, which is being designed as a continuation of the neighborhood, wants to be home to boutique services you can’t get online.

CocoWalk was sold in 2015 for $87.5 million to Federal Realty Investment Trust, which is headquartered in Rockville, Maryland, and owns a majority share of the property; the Coconut Grove-based developer Grass River Property; and the Comras Company of Florida, which specializes in retail developments.

The new owners say they want the new CocoWalk to cater to people who already live and work in Coconut Grove. The east side of the property will house a five-story office building, One CocoWalk, with 78,000 square feet of Class A office space. The new offices could provide financial stability to the mall.

 

Moishe Mana Trade Center

In April, Miami entrepreneur Moishe Mana announced his plans for a massive Wynwood redevelopment that would include an 8.5-acre trade center to link Latin America with China and other parts of Asia.

Mana proposed the trade center idea after receiving significant interest from China. The trade center would be designed to capitalize on a growing Asian commercial interest in Latin America, connecting investors and producers from each continent in Miami.

Mana, who developed an art center in Jersey City, New Jersey, wants to create cultural and art-focused facilities.

 

Hyperloop One

Miami-to-Orlando is one of 11 finalists to receive a Hyperloop One, an ultrafast futurist transportation system. The system would transport customers from Miami to Orlando in 26 minutes. It takes four hours to drive between the two cities.

Hyperloop One uses huge tubes that stretch over the landscape. It uses electric propulsion to blast and transport people-filled pods.

Of the 11 finalists, Hyperloop One wants to select two or three for further study. A Miami-to-Orlando Hyperloop One would redefine South Florida freight while also transporting tourists back and forth between Disney World and Miami Beach.

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