Last May, Florida preservationists were relieved when a bill threatening historic coastal structures stalled in the House. However, similar proposals have reemerged for the current legislative session. The Senate version recently passed its first committee hearing despite opposition.
The bill suggests aging coastal buildings should be demolished if deemed unsafe or lacking flood-resistant features. Both House and Senate bills exempt single-family homes and structures listed in the National Register of Historic Places. Critics fear the changes could erode the unique character of tourist destinations like Miami Beach, …
by Riccardo Ravasini 
Tenants, spanning e-commerce to importers and beverage companies, are grappling to secure storage space in Miami-Dade due to the record-low vacancy rate of 1.6%, leaving tenants scrambling for space. This surge in demand is fueled by Florida’s robust population growth and thriving tourism sector. With 12.4 million annual visitors, Miami-Dade sees a significant need for warehouse space to support the hospitality industry’s logistics. Broward and Palm Beach counties, while having higher vacancy rates, are also experiencing steady demand. Despite the tight market conditions, rents have …
by Riccardo Ravasini 
According to the Department of State, Florida has over 1,300 miles of coastline and over 650 miles of sand beaches. Some of that beachfront is privately owned, about 60%, while the rest is State, County, or city-controlled. For decades, there have been ongoing questions over who can use certain stretches of beach along Florida’s Atlantic and Gulf coasts.
Determining usage rights hinges on factors like the Mean High Water Line (MHWL) and property deeds. While wet sand is typically public, dry sand may be …
by Riccardo Ravasini 
Officials have revealed a revised plan for the $10 billion Port Authority Bus Terminal project, signaling the terminal’s transformation is nearing completion. Unveiled during a news conference led by Port Authority, city, and legislative leaders, the plan includes a 45-day comment period following an environmental review.
Key updates comprise the permanent closure of part of 41st Street, a central main entrance, enhanced street-level retail, a multi-story indoor atrium, and new public open space. Gov. Kathy Hochul emphasized the goal of creating a more spacious …
by Riccardo Ravasini 
The Contract Activity, the number of signed contracts, for the month of January is up 19.4% compared to a year ago and down 6% compared to the monthly historical average.
The Median Sales Price for a Manhattan apartment is $1.13M, which is 5.3% higher than a year ago.
The Supply, the number of units on the market, is down 4.3% compared to the same period of February 2023. Meanwhile, the number of Pending Sales, or the number of units currently in contract, is 43% higher than a year ago.
The Market Pulse or pending-to-active …
by Riccardo Ravasini