Miami Archives - Page 7 of 16 - Rava Realty

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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First building in vast Little Haiti project gets OK

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First building in vast Little Haiti project gets OK

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 ...

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Miami’s Homeless Population Now At The Lowest Level Ever Recorded

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Miami’s Homeless Population Now At The Lowest Level Ever Recorded

Miami-Dade’s homeless population has reached a new record low, according to CBS4.

In total, there were just 919 unsheltered homeless in Miami-Dade as of August 2021, a countywide census showed.

The total homeless population in Miami-Dade, including both sheltered and unsheltered, stood at 3,355 – a 58% decrease compared to the 8,000 recorded in 1996, when records began.

The Miami area has one of the lowest per-capita homeless rates of any big U.S. city.

Miami-Dade’s overall population has also increased 29% over the past 25 years, so the homeless population drop ...

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You can live in Chris Bosh’s former Miami Beach mansion, but you’ll need $42 million

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You can live in Chris Bosh’s former Miami Beach mansion, but you’ll need $42 million

Want to live where an NBA star laid his head (and six- foot-11 frame)? You’ll need $42 million or so.

Chris Bosh’s Miami Beach former home is for sale.

What you’ll get for your hard earned cash ($3,500 a square foot) is a stellar abode fit for the basketball king that he was: a seven bedroom, eight bath waterfront mansion.

Bosh sold it in January for $14.4 million to an affiliate of Miami-based homebuilder AquaBlue Group which relisted it for almost three times the price.

Another perk of living at the Miami Heat standout’s former home? Model neighbors, ...

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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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