Next year is likely to be good for construction in Miami with a new flock of construction cranes now arriving to build the city’s next generation of skyscrapers.
Okan Tower
Aston Martin Residences
830 Brickell
Missoni Baia
Una Residences
Natiivo
Society Biscayne
Legacy Miami Worldcenter
Luma Miami Worldcenter
Downtown 5th
Virgin Hotel Brickell
Block 45
2000 Biscayne
Yotelpad
Modera Biscayne Bay
Grand Station
CitizenM Brickell
AC Hotel
Smart Brickell
Others on the radar that could be rising in …
by Riccardo Ravasini 
It’s already been a year since Gov. Andrew Cuomo abruptly called off the dreaded 15-month L train shutdown, replacing it with a “slowdown,” to repair the Canarsie Tunnel.
Back in December 2018, median asking rents in the neighborhood fell to $2,899/month, according to StreetEasy. Then, in early January 2019, when Gov. Cuomo announced that the complete shutdown of the L train would be called off, renters began to return to the neighborhood, and landlords went back to raising their prices.
by Riccardo Ravasini 
Strong economic and population growth led the financial site SmartAsset to name Miami as one of America’s top boom-towns.
Miami ranked fourth nationwide in the analysis, and was the top big city.
Analysts looked at government data from 500 cities for the ranking.
Here is how Miami scored in key metrics:
5 year population change increase of 9.43%
5 year average yearly GDP growth of 3.39%
5 year change in number of establishments 8.79%
5 year housing growth rate …
by Riccardo Ravasini Sales are still slowing down but at a lower rate. And this could imply that the trend might be turning around in the near future. We as brokers have experienced a busy month of December and we are starting to get more optimistic for 2020.
So here is the data:
The number of sales year over year declined by 1.2% in the 4th quarter of 2019 to 2,404 compared to the same quarter the year prior.
However, the number …
by Riccardo Ravasini 
One of the largest and most expensive development sites in the South Bronx is starting to come into focus. Developer Brookfield Properties has unveiled new renderings for its massive seven-building project along the Harlem River in Mott Haven, which also has a new name: Bankside.
The development will span 4.3 acres on either side of the Third Avenue Bridge, with more than 1,350 apartments (30 percent of which will be “affordable”), a new park fronting the Harlem River, and ground-floor …
by Riccardo Ravasini 
Miami’s Elysee tower has topped off, the developers announced in a press release. The glass tower is now at its tallest height of 57 stories and 649 feet, making it the tallest in Edgewater.
There will only be 100 units in the entire building, with residences that either take up half a floor or a full floor. Prices range from $1.8 million to over $10 million. Over the summer, a penthouse unit at Elysee sold for $12.8 million – a record …
by Riccardo Ravasini