Downtown Miami is going through a Renaissance!

By
Real Estate Broker/Owner with Condoideas Realty Group

Downtown keeps growing and new developments only show how the neighborhood is going through a Renaissance. Condos like X Miami, Paramount Mami Worldcenter and One Thousand Museum are just a few examples of concluded developments that decided this neighborhood was the best area to build. There is a growing residential wave that keeps increasing every year. The greater Downtown area (including Brickell) has 92,000 residents in 2019 and is expected to increase up to 110,000 residents in 2021!

 

Residential demand is growing in Downtown Miami, and new developments keep coming to the neighborhood. The Aston Martin Condo, Flatiron condo, and Natiivo Condo are just a few examples. This last one, without the construction, has even started and which has an expected completion date by fall 2022, has almost 38% under contract already.  

 

Out of the 412 total units that this preconstruction has, there is 60% reserved already and out of this percentage, there is a 40% (160 units) that have converted in actual contracts in the past month. Most buyers that buy here are investing in a second home to be used only seasonal and with a mandatory working space on-site. This is exactly what the Natiivo Condo concept is all about. 

 

The new idea offered by the Natiivo Condo is becoming a really desired patter for real estate buyers in Miami. Natiivo has no rental restrictions and is Airbnb approved. However, that is not the only advantage buyers see when buying at this preconstruction. 

 

The Natiivo condo offers an ideal location near Bayside, Port of Miami, The Perez Art Museum, the American Airlines Arena, and much more. This is definitely one of the most valuable benefits for buyers. 

 

Condos at this development start with a low price range of $360,000 for a studio of 420 sqft and it goes up to $1.2 million for a four-bedroom with 3.5 baths sizing 2,200 sqft.  Being a low-cost luxury building, residents will enjoy of 5-star amenities such as a yoga lounge, a pool deck with cabanas, a spa with steam room and sauna, a resort-tyle fitness center, several businesses, and game rooms, and even co-working lounges. 

 

Downtown is getting bigger and bigger every day and new residents are coming looking for property investment opportunities such as what Natiivo Condo offers. 

 

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Rainmaker
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Thanks for the condo craze update Daniela Pellicciotti . Things are moving in Miami and you sound like the go to Realtor. Jeff

Feb 21, 2020 12:34 PM #1
Rainmaker
1,457,646
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Daniela, I love the Miami area and come down fairly often. Great job on the market report. I will refer anyone who considers a move south  :)

Feb 22, 2020 11:35 AM #2
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Rainmaker
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Daniela Pellicciotti

The Miami condo specialist
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