The Special Area Plan and development agreement include a maximum of 2,630 residences, hotel rooms, nearly 350,000 square feet of commercial-retail uses, and more than 1.9 million square feet of offices.
The first building is designed as a 25-story mixed-use building with 349 residential units, 13,010 square feet of commercial-retail uses and 10,093 square feet of office space, with an adjacent parking garage with spaces for 393 vehicles and amenities, connected to the tower.
The principal owner-developer is identified as MCD Miami LLC, along with Magic City Properties I, LLC, a subsidiary/affiliate of MCD Miami and the owner of the …
by Riccardo Ravasini
There were 149 closings at $4 million and above in October 2021, 8 less than September. The Average Closing Price was $8,309,226 down -15.9%, meanwhile, the Median Closing Price was $5,885,500 down -2.9%. The Negotiability Factor, that is the average discount from the last asking price, was 6.27% down from -18.91% during the previous month. The pace of the market was a little faster since the Average Days On the Market were 153 compared to 183 for the properties that closed in September 2021.
If you want to take a peek at all luxury closings and our statistics you can find the links here …
by Riccardo Ravasini 
In 2021, new signed contracts for Manhattan and Brooklyn co-ops, condos, and townhouses outperformed last year, with new listings struggling to keep pace with demand.
As a result bidding wars are increasing, the Covid discount is shrinking, and prices are on the rise in NYC.
In November, for example, new signed contracts for Manhattan co-ops under $500,000 increased by 52.7 percent over November 2020, while new listings for the same price category fell by 15.3 percent, according to the latest edition of the Miller Samuel Report. Manhattan condos priced $500,000 to $999,000 saw new signed contracts increase 21.2 …
by Riccardo Ravasini 
Soho, Dumbo, and Greenwich Village top a list of New York City neighborhoods to watch in 2022, according to a new report from StreetEasy that looked at areas with the biggest surge in interest among buyers, renters, and sellers.
After being hit very hard by the pandemic, Manhattan is now seeing renewed interest as shopping, nightlife, and cultural institutions reopen. There’s lots of housing buzz about Soho in particular, a result of proposals to rezone the area and add more apartments. The neighborhood saw a 48 percent increase in listing searches in 2021 over 2020 …
by Riccardo Ravasini 
Related sees a spike in demand for condos from international buyers, now that borders are open, and is about to launch sales for a 60-story tower called Casa Bella.
The developer has approval for a total of three towers with 1,430 residential units and 1,629 parking spaces at 1400 Biscayne, all connected by a podium. Two of those towers would be around 60 stories, with a third at about 50 stories.
Related says they are now experiencing a surge of international buyers at their nearby Baccarat Residences and District 225 projects.
International buyers now represent …
by Riccardo Ravasini 
Magazine’s best inventions of 2021. MTA’s new Live Subway Map is “relief for straphangers, created in partnership with digital agency Work & Co, the map is a design feat, retaining the iconic, four-decade-old look while bringing it up to the minute with live data,” the Time report states.
The Time honor isn’t the only accolade the new subway map garnered since it was unveiled.
The web-based map — which shows moving trains, gives automatic real-time updates and places tracks atop a geographically-correct street grid — received a Gold Lion award during the Cannes …
by Riccardo Ravasini