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Archive for the 'Brickell/Downtown Miami' Category
Miami Real Estate: Downtown Miami Continues Growing
Biscayne Boulevard in downtown Miami is still building services to provide conveniences for new residents that have moved into the buildings that were mostly empty during the real estate collapse. Projects under, or soon-to-be-under, construction include Museum Park, the Port of Miami Tunnel, Whole Foods, and a multiplex movie theater.
Rental Rates On The Rise
With the increasing popularity of living in walkable communities, rents are on the rise in areas such as downtown Brickell and Coral Gables. The fact that there are so many new buildings with great amenities and upgraded finishes, such as granite counter tops and modern kitchens and baths, in these two areas have lead to an increase in demand and rents. An unfurnished 2 bedroom 2 bath condo in a newer building starts at $2000.
Miami ING Marathon Route – Plan Your Driving Accordingly
The ING Miami Marathon is this Sunday and, with a projected 20,000 runners, there will be traffic disruptions along the route. Please plan accordingly or bring plenty of patience and courtesy. This is a pretty big event that showcases our beautiful city and we want to roll out the welcome mat. Traffic disruptions will probably start around 5:30 a.m. and last unit noon.
If you are a runner, consider joining the fun in either the 5K, 1/2 marathon or full marathon.
Crazy About Crazy About You
Crazy About You Waterfront Dining
Crazy About You is in a great location and one of the few places you can get a good meal with a waterfront view.
The staff is attentive, they have a decent wine list that is reasonably priced, and their menu is affordable. I like the Serrano Croquettas, Calamari Flatbread, and Mikey’s Slow Braised Steak with Creamy Arborio Rice.
Miami Real Estate – How Will Panama Canal’s Expansion Effect It?
The Panama Canal is undergoing a massive expansion to allow bigger vessels to pass through. Since the Port of Miami is the closest U.S. Port to the Panama Canal, Miami is in a strategic position to benefit from the increase in America/East Asia trade.
The Port of Miami is building a tunnel to the Port, so truck traffic can bypass downtown Miami, and is seeking federal funds to dredge the harbor to minus 50-feet, which would make it one of only three ports that can handle the new, larger container vessels.
This increase in trade at the port will mean there will be new demand for warehouse space and housing for the estimated 33,000 new trade-related jobs that are expected.
City of Miami Traffic Light Camera Locations
With local economies in the tank and municipalities hurting for income due to lost revenues, many cities are putting up traffic light cameras to help them catch drivers that run red lights, block intersections, or don’t make a full stop before turning right on red.
Aventura is notorious for its high fines. The City of Miami is about to join the ranks.
Miami Office Space – Huge Inventories Are Around The Corner
Just when we start making a dent in the huge inventories of residential condo units in downtown Miami, we are about to be flooded by commercial office space. Several projects are coming on line next year, resulting in approximately 2 million square feet of office space. Under good economic circumstances, the normal absorption rate of office space is around 250,000 square feet. Needless to say, tenants are going to have a favorable advantage for negotiating leases for a very long time.
Miami Real Estate – Marina Blue Condominium
Port of Miami
This is one of the many beautiful views from the 516-unit Marina Blue Condominium on Biscayne Boulevard. This brand new building sits directly across the street from the Port of Miami, Miami Arena, and site of the future Miami Art Museum. It is walking distance to Bayfront Park, Bayside Marketplace and the Adrienne Arsht Center for the Perfoming Arts. Convenient to South Beach (see it the the background to the left), Miami International Airport (15-20 minutes), and Brickell. Easy access to public transportation.
There are currently 39 units listed on the MLS ranging in price from $299,00o for a 950 square foot, one bedroom one-and-a-half bath unit up to $3.3 million for a 4,198 square foot three bedroom three-and-a-half bath unit on the 57 floor.
Icon Brickell To Be Turned Over To Lenders
Icon Brickell, the three-tower 1800-unit complex with views of the Miami River and gorgeous grounds is being turned over to the developer’s lenders in a friendly foreclosure. Only two of the three towers have been built.
South Florida – A Perfect SUNday
Another BEAUTIFUL SoFLa Day!
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