The Waldorf Astoria is set to become the first ever tower in Miami taller than 1,000 feet (it will top off at 1,049 feet).
According to a representative of the developer, the Waldorf Astoria is planned to include: 205 hotel rooms and 360 residential units.
A groundbreaking ceremony took place earlier this month, and construction is now underway.
(source: thenextmiami.com picture: thenextmiami.com)
by Riccardo Ravasini
Newly signed contracts have been falling annually for nearly a year, distorted by the 2020-2021 boom, and new listings have declined annually for three of the past four months. New listings have been substantially below pre-pandemic levels for the past six months.
(source: millersamuel.com)
by Riccardo Ravasini 
A $14.5 million makeover will clean up New York City’s trashy side, Mayor Eric Adams said.
Adams unveiled “Get Stuff Clean”, a (literal) sweeping effort to clean more than 1,000 neglected areas across the city.
“America’s biggest city is going to be America’s cleanest city,” he said. “We’re investing more than $14 million this fiscal year alone to participate in the largest cleanup effort in decades.”
More than 200 new sanitation workers will be added to cleaning efforts across the city, the cleaning …
by Riccardo Ravasini 
The brand new Museum of Broadway opened on Nov. 15th at 145 West 45th Street. Visitors will now be able to journey through the memories of the city’s legendary theater district — from its inception to present day.
Museum-goers will be able to marvel at props and costumes from various shows over the years, from the simple red dress worn by the title character in “Annie” to more elaborate garb used in “The Phantom of the Opera.”
The space also undresses Broadway by providing a behind-the-scenes …
by Riccardo Ravasini 
The residential sales market is stabilizing in buyer’s market territory
The monthly activity stood at 727 signed contracts in October which is down compared to the 10-year historical average of 911 signed contracts for that month.
The supply, which is the number of units available on the market, stands at 7,450, up just 1% from a year ago. So the supply trend is normal. While the number of pending sales, which is the number of units that are currently in contract, stands at …
by Riccardo Ravasini 
Landlords in Miami can make roughly 77% more by renting out a one-bedroom unit as long-term rental property rather than a short-term.
The study found that landlords can make nearly 36% more renting a two-bedroom long term than short term.
The big picture: Long-term rentals are more favorable in cities with high long-term rent prices such as New York, Miami and Los Angeles — regardless of bedroom count.
Here is the complete article, with an interactive map.
(source: axios.com, picture: …
by Riccardo Ravasini