Real Estate, Travel & Culture Across South Florida
When you’re in the mood for an exciting nightcap, a dinner with a view, or a party in the clouds, try out one of these urban hotspots in Miami. These are Miami’s ten most spectacular rooftop bars, restaurants, and lounges.
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Miami’s bay walk, extending along the edge of Biscayne Bay from Edgewater to Brickell, through the heart of the city has been in the planning stages for decades. Yet, with plenty of false starts, this great civic amenity designed to ensure public access to the waterfront is still nowhere near completion. At times, the city’s dream of a completely interconnected bay walk connecting and opening Miami’s urban core to the waterfront appears tantalizingly close to completion and, at others, completely dead in its tracks.
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One of Miami’s most anticipated new residential projects, Park Grove, has been completed. Well, two thirds of it is done at least. Construction of Two Park Grove and Park Grove Club Residences has just wrapped up and been unveiled, while One Park Grove, the tower closest to the bay, remains under construction. It will be done next year.
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Bordered by the Miami River to the north, Biscayne Bay to east, the Rickenbacker Causeway to the South, and I-95 to the west, Brickell is one of Miami’s oldest neighborhoods. Constantly evolving, Brickell has changed radically over the years, including an incredible development boom in the last twenty years. Brickell is a hub of the Latin American financial industry, and home to many of Miami’s foreign consulates, as well as thousands of condo-dwelling urbanites. Beginning as a neighborhood of luxurious mansions over a hundred years ago, Brickell has become the densest neighborhood south of Manhattan.
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Since the high flying ‘cocaine cowboys’ era, when it is said Miami’s real estate boom of the ‘70s and ‘80s was funded by cocaine smugglers looking to launder a lot of cash, South Florida has been an attractive place to hide dirty money in real estate. Miami is like any other major global city though, where there is always a bad contingent. Like other highly desirable global cities, such as New York and L.A., and perhaps a little more than those others, dirty money continues to be a big problem in Miami real estate.
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Construction is proceeding rapidly at Miami Worldcenter, the $2.7 billion mixed-use megaproject that will finally fill the blighted gap between downtown Miami and the Omni area directly to the north. Spearheaded and master planned by developers Nitin Motwani and Art Falcone, various elements of Miami Worldcenter are being built either by them or other developers, and the first part of the massive development will be completed before the end of the year.
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A retrospective exhibit of perhaps the single greatest piece of public art to be created in Miami, by artists Christo and Jeanne-Claude, is opening this week at PAMM.
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A new housing report from real estate brokerage RE/MAX says that Miami real estate listings are leading the nation in longest days on the market of any major metropolitan area, at an average of 78 days.
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The Jills, a star broker duo, is facing serious allegations of manipulating the MLS to inflate their performance, an act which adversely affects everything from home appraisal amounts, mortgages, and market-wide data. It can have far-reaching effects for the entire industry. They’ve blamed an employee, saying they were unaware of it happening, but were removed from the elite Master Brokers Forum anyway.
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Miami Beach’s high stakes real estate market can sometimes put older, architecturally significant houses in jeopardy due to the market’s demand for the newest, the biggest, and the most tricked out. This makes the preservation and restoration of older houses on the brink of demolition all the more significant.
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