Bal Harbour investor sells waterfront lot for $55M

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Bal Harbour investor Joseph Imbesi sold a waterfront property on the site of the former yacht club for $54.9 million. It was listed for $65 million.

The property features a 915-foot seawall, seven boat slips and has already been approved for a helipad. According to the listing, the docks can be demolished to make way for a super yacht.

Josep Imbesi acquired the site as part of a larger $19 million ...

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Manhattan Real Estate Sales Market Update | 2nd Quarter 2021

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The Manhattan real estate market is experiencing a period of significant recovery. Although the inventory is still substantial, sales activity has exploded and the “covid discount” effect is already disappearing. It should be remembered that these data are somehow still influenced by the pandemic as they reflect the difference between this quarter and the same period last year.

Talking by ...

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Vessel will reopen at Hudson Yards

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The New York Post reported that the Vessel will welcome visitors back several months after a 21-year-old man leapt to his death from the structure in January. New measures will be in place: Related is tripling security staff and will add signage that includes messaging from the National Suicide Prevention Lifeline. And visitors will no longer be allowed to come alone.

The once-free attraction will now have a $10 visitors’ fee that Related told the Post will go toward ...

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Work to begin on Miami Beach’s Tallest Building

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Terra, GFO Investments and New Valley plan to break ground this month on Five Park, a 48-story, roughly 280-unit tower at 500 Alton Road that will become the tallest building in Miami Beach at 519 feet upon completion in 2023.

Five Park will feature two-, three- and four-bedroom and penthouse condominium and multifamily units. “Building amenities,” the press release said, “will include an amenity deck with tw2o swimming pools, a restaurant, sunset viewing lounge areas, a resort-style spa, and a state-of-the-art ...

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NYC Schools Will Go All In-Person, No Remote Next Year

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New York City’s public school students will all return to classrooms in the 2021-2022 year, Mayor Bill de Blasio said.

“It’s good news: New York City public schools, one million kids will be back in their classroom in September, all in-person, no remote,” he said on MSNBC’s Morning Joe.

The announcement represents a significant upcoming return to normal for the city’s schools, which have been at least partially remote since the coronavirus pandemic first struck in March 2020.

(source: patch.com)

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Powerful new rush of buyers sends housing prices soaring

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So far in 2021, residential real estate experts are reporting a powerful new wave of buyers, increasing the demand on an already low housing inventory throughout Miami-Dade County.

The powerful new wave of domestic buyers, purchasing more expensive primary residences and second homes with longer stays, is a also direct result of the pandemic catapulting the remote working trend, tax reform creating tax refugees, Florida’s no state income tax, and the influx of technology and finance companies; not to mention the quality of ...

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