Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

  • MIAMI Realtors Sign Four International Agreements at Miami International Congress

    Jan 07, 2019
    The MIAMI Association of Realtors (MIAMI) signed four international collaboration agreements during its recent Miami International Congress. MIAMI now has 204 international partners. These alliances create business opportunities for MIAMI members, enhance Miami’s global position and strengthen the local economy. The bilateral agreements also provide resources, visibility and connections for MIAMI’s international partners.
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  • MIAMI Realtors Partners to Host Miami Shores Plaza 98 Monthly Events

    Dec 26, 2018
    The MIAMI Association of Realtors (MIAMI) is partnering to host free monthly community events from 5-8 p.m. on Jan. 12, Feb. 9, March 9 and April 13 at Miami Shores’ new community destination, Plaza 98, at 9802 NE 2nd Ave. The events are open to all ages and feature family entertainment and games and food and drink for purchase.
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  • Palm Beach County Condominium Sales Continue Rising in November

    Dec 19, 2018
    Palm Beach County condominium sales have now increased in 12 of the last 13 months after another strong November of condo sales, according to a new report by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Broward Condo Sales Rise for Eighth Consecutive Month

    Dec 19, 2018
    Broward County existing condominium sales increased for the eighth consecutive month in November as total Broward home sales increased 4.3 percent year-over-year, according to a new report by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Miami Real Estate Posts Fifth Consecutive Month of Rising Home Sales

    Dec 19, 2018
    Total Miami-Dade County home sales increased 7 percent year-over-year in November, marking the market’s fifth consecutive month of year-over-year transaction gains, 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 Signs 15 New Collaboration Agreements with AMPI Chapters in Mexico

    Dec 17, 2018
    The MIAMI Association of REALTORS® (MIAMI) is honored to have recently signed 15 new international collaboration agreements with local chapters of AMPI, the Mexican Association of Real Estate Professionals, at the 2018 AMPI National Real Estate Congress in Oaxaca, Mexico.
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  • South Florida’s Biggest Open House Weekend Set for December 8-9

    Dec 07, 2018
    The MIAMI Association of REALTORS® (MIAMI) is organizing South Florida’s biggest open house weekend of the year for December 8-9. MIAMI expects more than 2,000 properties at every price range to host open houses in Miami-Dade, Broward, Palm Beach and Martin counties. More than $1 billion in houses and condos are participating.
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  • Palm Beach County Home Sales Register Robust October

    Nov 21, 2018
    Total Palm Beach County home sales increased 17.1 percent year-over-year in October as median prices and dollar volume rose 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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  • Broward Existing Condo Sales Continue Upward Trend, Surge 20 Percent in October

    Nov 21, 2018
    Broward County existing condominium sales increased for the seventh consecutive month in October, this time rising 20 percent year-over-year, as total Broward County home sales surged 15.1 percent year-over-year, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Miami Real Estate Posts Fourth Consecutive Month of Rising Home Sales

    Nov 21, 2018
    Total Miami-Dade County home sales surged 14.7 percent year-over-year in October, marking the market’s fourth consecutive month of year-over-year home transaction gains, 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 Partners with FIABCI-Arabic Countries

    Nov 21, 2018
    The MIAMI Association of REALTORS® (MIAMI) recently signed an international collaboration agreement with FIABCI-Arabic Countries during FIABCI World President -Elect and FIABCI-Arabic Countries President Walid Moussa’s visit to Miami, increasing MIAMI’s international partners to 180 (the most of any U.S. Realtor association). The alliance will create business opportunities for MIAMI members, enhance Miami’s global position and strengthen the local economy. FIABCI-Arabic Countries includes United Arab Emirates, Lebanon, Bahrein, Tunisia, Saudi Arabia, and Kuwait.
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  • MIAMI Realtors and Turkey Federation Sign International Partnership

    Nov 21, 2018
    The MIAMI Association of REALTORS® (MIAMI) signed an international honorary reciprocal agreement with Türkiye Tüm Emlak Müşavirleri Federasyonu (TEMFED) at the 24th Annual Miami International Real Estate Congress in Coral Gables, increasing MIAMI’s international partners to 179 (the most of any U.S. Realtor association). The alliance will create business opportunities for MIAMI members, enhance Miami’s global position and strengthen the local economy.
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  • Total Palm Beach Home Sales Increase in 3Q 2018

    Nov 07, 2018
    Total Palm Beach County home sales increased 7.4 percent in 3Q 2018 as median prices for all properties rose, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Total Broward Home Sales Increase in 3Q 2018

    Nov 07, 2018
    Total Broward County home sales increased 5.9 percent in 3Q 2018 as median prices for all properties rose, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Total Miami Home Sales Jump in 3Q 2018

    Nov 05, 2018
    Total Miami-Dade County home sales surged 15.2 percent in 3Q 2018 as median prices for all properties rose for the 27th 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 International Real Estate Congress to Feature Delegates from 12 Countries

    Oct 22, 2018
    Delegates from 12 foreign countries will participate in the 24th annual MIAMI Association of REALTORS® (MIAMI) International Real Estate Congress on Oct. 28-30 at the Biltmore Hotel. More than 300 real estate professionals will attend the prestigious event, which will feature 20 industry speakers, numerous panels and marketing sessions.
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  • Total Miami Home Sales Surge a Year after Hurricane Irma

    Oct 19, 2018
    Total Miami-Dade County home sales surged 35.7 percent last month a year after Hurricane Irma brought minimal damage and stalled hundreds of sales in September 2017, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • 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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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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