Miami Archives - Page 12 of 16

Raleigh condo project approved at 175 feet.

A key Miami Beach board approved a glassy condo near the Art Deco-style Raleigh Hotel in Miami Beach after the New York developer agreed to trim the height from 200 feet to 175 feet. The Miami Beach Historic Preservation Board voted to approve plans to restore and renovate the Raleigh and neighboring Richmond and South Seas hotels, in the 1700 block of Collins Avenue. The project is expected to cost $750 million.

(source: miamiherald.com)

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6
OCT
2020

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condo, hotel, hotels, Miami, miami beach, real estate, south florida, USA

South Florida’s multifamily market sees fewer investors than 2019. Still, prices rise.

Posted by: Riccardo Ravasini

Anticipated population growth has multifamily investors spending more on apartment buildings despite sales volume dropping by 50% for the first half of 2020, compared to the year-ago period, in Miami-Dade and Broward, according to a sales report.

Price per square foot for multifamily units slumped by 29% in Broward year-over-year, but Miami-Dade saw a 25% increase in price per square foot, according to the Cushman & Wakefield South Florida 2020 midyear forecast. The report compared sales data for the ...

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1
OCT
2020

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broward, condo, dade, market, Miami, multifamily, prices, real estate, south beach, south florida, states, USA

New Fort Lauderdale retail space is leasing quickly. Outdoor seating is key.

Posted by: Riccardo Ravasini

Society Las Olas, a new residential-mixed use building in Fort Lauderdale, has filled 44% of its retail space. The draw? Outdoor seating.

Health-conscious eatery Pura Vida Miami recently leased 1,600 square feet. Virginia-based Thompson Hospitality signed a 6,000-square-foot lease, dividing 4,500 square feet for Matchbox Restaurants and about 1,500 square feet to Big Buns Damn Good Burger. All are expected to open during the first quarter 2021.

“They all liked the high energy and outdoor seating along the river,” said Ben Mandell, ...

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28
SEP
2020

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coronavirus, covid19, Fort Lauderdale, Miami, outdoor, south florida, USA, water

Home sales plunged across South Florida in Q2

Posted by: Riccardo Ravasini

Coronavirus took its toll on South Florida’s residential markets in the second quarter, with double-digit declines in Miami-Dade, Broward and Palm Beach counties.

Miami-Dade condo sales fared the worst, with sales dollar volume and closings falling by nearly half. Single-family home sales dropped by more than 30 percent in each county, year-over-year, according to the Miami Association of Realtors.

Luxury brokers have pointed to an increase in home sales in waterfront markets such as Miami Beach ...

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31
AUG
2020

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broward, coronavirus, covid19, dade, florida, home, market, Miami, palm beach, plunge, real estate, report, sales, south florida

Resi sales plummet across South Florida in Q2

Posted by: Riccardo Ravasini

Residential sales plunged across Miami-Dade, Broward and Palm Beach counties in the second quarter, following a first quarter in which home sales were largely spared from the effects of coronavirus, according to Miller Samuel’s latest reports.

Among the areas hardest hit in South Florida, Manalapan, a high-end market south of Palm Beach, experienced a 54 percent annual drop in closed sales in the second quarter. The condo market in Coral Gables saw the biggest annual decline of all, at more than ...

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24
JUL
2020

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condo, coral gabes, coronavirus, covid19, crisis, dade, fort lauderale, home, house, houses, Miami, palm beach, real estate market, resi, single families, south florida