Wynwood 29 Apartment Project Tops Off

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Wynwood 29 Apartment Project Tops Off

Another big Wynwood apartment project has topped off.

Wynwood 29 actually includes two buildings, one at 12 stories (178 feet) and another at 8 stories, on opposite sides of the street

The combined project will include:

  • 248 apartments

  • 26,651 square feet of retail

  • 372 parking spaces

Related Group and Metro 1 are the developers, Arquitectonica is the architect and Beauchamp Construction is the contractor.

(source: thenextmiami.com, rendering: Beauchamp Construction)

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Downtown Miami gets influx of firms, boosting apartment rental prices

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Downtown Miami gets influx of firms, boosting apartment rental prices

The downtown Miami office market continued to expand over the past year, despite the pandemic, increasing the number of people living close to work and boosting residential rents in the area.

Downtown added 17 new companies that opened offices between fall 2020 and June 2021, and they are expected to bring 1,835 jobs to the city in the next three years. In exchange, the firms are eligible to receive up to $150,000 each from the city over three years depending on the number of people they employ here.

The average rent for all ...

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South Florida Investors invasion

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South Florida Investors invasion

According to the latest Redfin investor real estate report in July, home purchases by investors in Miami and Fort Lauderdale jumped a whopping 90% in the second quarter of 2021, compared with the same period the year before.

Investors bought 2,640 homes in Miami in the second quarter of 2021, up by about 91% compared with 2020. They purchased 2,163 homes in Fort Lauderdale in the second quarter, up by 183% from the same period a year ago, and they gobbled up 1,243 homes in West Palm Beach, a 53% increase ...

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New transportation infrastructure in South Florida

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New transportation infrastructure in South Florida

According to Bloomberg, Elon Musk’s The Boring Company emerged victorious in a bid to build an underground transportation system in Fort Lauderdale.

The system will be known as Las Olas Loop, and consist of two tunnels running 2.5 miles from downtown Fort Lauderdale to the beach.

Passengers of the transit system would be driven in dedicated Tesla cars (private cars won’t be allowed). Construction is estimated to take one year once the city gives the final green light.

Miami, which is said to be seeking a similar system, is now finishing pre-development and preparing an agreement ...

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Newcomers drive the rent hikes in South Florida

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Newcomers drive the rent hikes in South Florida

Interest in relocating to Miami has tripled since last year and now ranks higher than any other destination in the U.S., according to a new report from real estate website Redfin.com, based on a sample of about 2 million users who searched for homes across 112 metro areas.

It is the first time ever that Miami topped Redfin’s monthly rankings, which measures net inflow from other metro areas. However, Miami has been consistently in the top 10 since the list was created in 2017.

An Interest confirmed by the huge increase ...

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Jared and Ivanka paid $24M for Indian Creek estate

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Jared and Ivanka paid $24M for Indian Creek estate

Ivanka Trump and Jared Kushner acquired a waterfront South Florida home — a six-bedroom, 8,510-square-foot mansion — for $24 million, The Real Deal has learned.

The 1.3-acre estate, with manicured landscaping, reflecting pools, a double staircase, a resort-style pool and a large dock, hit the market in October for nearly $25 million.

Indian Creek, a gated, guarded island north of Miami Beach, is home to a number of billionaires and celebrities. Homeowners include billionaire Carl Icahn, billionaire hedge funder Eddie Lampert, Hotels.com ...

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