preconstruction: Stormy weather for developers - 07/20/18 08:27 AM
Miami condo’s supply are growing in numbers. In the year 2017 alone, 14 condo projects were delivered which includes high-profile projects such as Four Seasons Residences at The Surf Club, Louver House, Echo Brickell, Biscayne Beach, Brickell Heights and many more. Some of these projects were sold 100% before the completion date and some sold poorly.
For example, Biltmore Parc sold only 34% of their inventory while Four Season Residences at The Surf Club sold 49%. These developers are still looking for buyers past the project delivery and now, they are competing with their own buyers. In one instance, a buyer who … (1 comments)

preconstruction: Miami real estate, not quitting any soon - 02/18/16 01:48 AM
When you thought New York had it all, please consider that Miami at least has the weather and the standard of living that goes along with it. Developers have well understood such asset and work harder everyday towards creating the most beautiful and comfortable pads you could wish for. Who said slowdown?
Here are our favorite picks for you to invest in Magic City!
Renzo Piano is designing Eighty Seven Park, a 70-unit beachfront condo at 8701 Collins Ave. in North Beach. Apartments will measure roughly 1,400 to 7,000 sqft. American oak, Italian stone and glass walls are just some touches included in the pads’ … (2 comments)

preconstruction: Miami, the global magnet - 02/03/16 06:10 AM
The infamous condo market of Miami keeps on being a strong magnet for foreign investment, but it’s becoming harder and harder to differentiate investors and residents.
Condo buyers purchasing as their own residence today represent 1/3 of the investors, 1/3 use it for a second home and 1/3 as an investment to rent out. It is a very sought-after alternative in response to a very low rental inventory for the past 2 years. Overall, investors are prevalent in Miami Beach, Downtown and Brickell.
Those who purchase under $1 million tend to look for a return of 5% to 8%. High-end buyers focus on … (0 comments)

preconstruction: A look back on 2015's real estate in Miami - 01/04/16 11:09 PM
What if the year 2015 had been the pivotal moment for South Florida of this preconstruction boom?
As it enters the 5th year of the current real estate cycle, certain observations have taken hold in 2015 thus influencing the duration of that condo boom happening in between Palm Beach, Broward and Miami-Dade.
Because of the weakening of foreign currencies against the U.S. D. and a global slowdown of the economy, South Florida’s financial safety measures have eroded over 2015. These were aiming at reducing risk for preconstruction condo developers. Indeed, in an area where 50,000 new units have been built over the past … (1 comments)