Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • 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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  • Miami Existing Condo Sales Jump 24.6 Percent in April

    May 24, 2018
    Miami’s existing condominium market posted its best April in three years as condo transactions jumped 24.6 percent and condo dollar volume surged 40.8 percent year-over-year, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Miami single-family home sales and residential prices rose.
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  • MIAMI REALTORS® Launches MIAMI Platinum PLUS for its Members

    May 17, 2018
    The MIAMI Association of REALTORS® (MIAMI) is now offering its members subscriptions to MIAMI Platinum PLUS, an exclusive and unparalleled suite of upgraded Realtor products and services, so Realtors can utilize an even higher level of industry tools to improve and expand their business while enhancing the home buying and home selling process for the public.
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  • Miami Luxury Home Sales Soar in 1Q 2018

    May 15, 2018
    Total Miami luxury home sales surged 12.3 percent in 1Q 2018 as median prices rose for the 25th 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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  • MIAMI REALTORS CEO Named to South Florida’s Most Influential Business Women

    May 14, 2018
    MIAMI Association of REALTORS® (MIAMI) Chief Executive Officer Teresa King Kinney was named one of the top 25 Most Influential Business Women in South Florida. The South Florida Business Journal honored Kinney’s strong record of leadership, community involvement and industry innovation at an event on May 11 in Fort Lauderdale.
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  • Miami Luxury Single-Family Home Sales Jump in March

    Apr 23, 2018
    Miami luxury single-family home sales posted double-digit gains as median prices for all properties continued rising in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • South Florida Industrial Real Estate Prices, Transactions Rise in 4Q

    Apr 23, 2018
    South Florida industrial real estate prices increased 11.4 percent year-over-year in the 4Q 2017 and the Miami-Dade, Broward and Palm Beach tri-county region posted its second highest industrial transaction volume for the year,
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  • Patricia Anglero Elected 2018 Broward President of the MIAMI Realtors

    Apr 07, 2018
    The MIAMI Association of REALTORS® (MIAMI) has elected Fort Lauderdale broker Patricia C. Anglero as its 2018 Broward Council president. She and all of MIAMI’s leadership boards were installed Feb. 2 at the MIAMI 2018 Inaugural and Awards Celebration.
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  • MIAMI REALTORS Commercial Partners with Research and Data Firm Vizzda to Provide South Florida Commercial Statistics Reports

    Apr 05, 2018
    MIAMI Association of Realtors Commercial (MIAMI Commercial) has formed a strategic alliance with Vizzda (Visual Data) to provide The Quarterly Report – South Florida Commercial Real Estate, which will offer comprehensive commercial research and statistics to MIAMI’s 46,000 members and the consumers they serve.
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  • MIAMI Realtors Commercial Association Rebrands as MIAMI Commercial

    Apr 05, 2018
    The MIAMI Association of REALTORS® (MIAMI) has rebranded its commercial real estate organization, to MIAMI Commercial. MIAMI Commercial’s new name and logo is part of MIAMI’s successful expansion of the commercial reach of the Miami Association of Realtors that enhances the 25-year-old organization, which was formerly the Realtors Commercial Alliance MIAMI (RCA MIAMI).
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  • Miami Condo, Luxury Home Sales Rise in February  

    Mar 21, 2018
    Miami existing condominium and total luxury home sales increased in February, 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 Expands Presence of South Florida Real Estate at Global Expo

    Mar 14, 2018
    The MIAMI Association of REALTORS® (MIAMI) has increased its presence by 400 percent at the world’s largest commercial real estate conference, MIPIM. MIAMI Realtors will have exhibits promoting South Florida at MIPIM from March 13-16 in Cannes, France as part of the National Association of REALTORS® (NAR) expanded U.S. pavilion. This year, MIAMI has significantly expanded the U.S. and MIAMI/South Florida presence by adding its own adjacent exhibit space.
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  • Colombia Leads Countries Looking for Miami Homes in January

    Mar 13, 2018
    Colombian consumers registered the most international web searches for Miami homes in January, 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 January data.
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  • Urgent Legal Alert from Florida REALTORS General Counsel

    Mar 06, 2018
    Recently, Florida Realtors became aware of several lawsuits filed against real estate brokers in Miami Dade and Broward counties concerning allegations of discriminatory advertising—a violation of fair housing laws. Specifically, brokers are being sued for discriminating against tenants with Section 8 vouchers. These violations, however, pertain to local ordinances, not the Federal Fair Housing Act. Under these local ordinances, landlords and Realtors are precluded from discriminating against tenants with Section 8 vouchers, as this falls under the protected class "source of income."
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  • Miami Condo, Single-Family Home Sales Jump in January

    Feb 22, 2018
    Miami existing condominium and single-family home sales rose in January as $1 million-and-up luxury transactions jumped for all properties, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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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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