March 1, 2018 - Rava Realty

MiamiCentral update

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http://miamicentral.com/

Florida East Coast Industries just closed on two parcels of public land in downtown Miami, locking in another component to its massive MiamiCentral mixed-use development.

The deal was approved by city commissioners in 2015, but terms were not worked out till now. Once complete, the MiamiCentral will rise on an 11-acre site in downtown Miami that will bring myriad apartments, shops and offices to the city. The station will integrate the Miami-Dade County Metrorail and ...

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Inside Zaha Hadid’s One Thousand Museum

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http://1000museum.com/

The 62-story tower, rising at 1000 Biscayne Boulevard, features Hadid designed amenity spaces and furnishings. New renderings of the curvy exoskeleton-shaped condo include a look at Hadid’s double-height aquatic center with an indoor pool and a luxury “Lifestyle Center and Spa.” Prices at the 83-unit condominium range from $5.5 million to more than $20 million.

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Activity is picking up in the Manhattan luxury market

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Manhattan’s luxury market recorded 29 contracts at $4 million and above in the third week of February– that was the fourth week in a row contract activity topped 20 deals, The Real Deal reports.

The No. 1 spot went to a 12-room co-op apartment across from the Metropolitan Museum of Art at 993 Fifth Avenue with an asking price of $17 million. That’s a nearly 32 percent reduction off the original ask of $24.9 million when the ...

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Bronx home prices reach new record

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For all the talk of a Bronx real estate boom in recent years, here’s an interesting fact: home prices still remained below their 2006 peak, until now; the Wall Street Journal reports.

The borough’s average home price rose to $515,000 in the fourth quarter, according to the Real Estate Board of New York, 2 percent above the previous record. In Kingsbridge Heights, prices rose by a staggering 15 percent between the end of 2016 and 2017, to ...

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