real estate Archives - Page 6 of 15 - Rava Realty

Wynwood 29 Apartment Project Tops Off

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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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Miami Has Now Become “The Most Important City In America”

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Miami has become the most important city in America, FT Magazine has declared.

The city is now considered to be a “paradise of freedom,” attracting people from everywhere and of every political persuasion, the magazine wrote.

Many of the new arrivals are now attracted by the open environment in the city, in addition to the usual attractions of low taxes and good climate.

“The Miami Movement,” as mayor Francis Suarez calls it, gained momentum when Covid hit, and has grown so large that it has changed the city in a ...

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Planet Hollywood returns to NYC with new Times Square location

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Since opening its original location on West 57th Street three decades ago, Planet Hollywood’s long-term success rate in its home city has proven spotty. But owner Robert Earl hopes the third time will be the charm.

Earl Enterprises, the restaurant chain’s parent company, has signed a lease for 17,500 square feet across four floors at 140 West 42nd Street; the restaurant will occupy the lowest floors of the building.

Planet Hollywood was a hot ticket in the early 1990s, when the likes of Arnold Schwarzenegger and Sylvester Stallone put a public ...

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Manhattan Rental Market Report

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There were 3,159 New Lease Signings in Manhattan in the month of January -49.5% from the same period last year, dipping below the decade average as listing inventory continued to collapse as prices reached record levels.

The Median Rental Price was $3,550, up +18.3% from the previous year, while the Net Effective Median Rent, the face rent, surged year over year by a record +23.3% to $3,467, the second-highest level reached in a January. This price trend ...

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City’s tallest warehouse could be coming to Queens

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The Goodman Group, an Australian company that owns what’s billed as the largest logistics center in the world is coming to Long Island City, where it could develop the city’s tallest warehouse.

Design sketches in the marketing materials show a building of nearly 700,000 square feet across five above-ground floors. Several of those floors, though, are double-height. So from the street, the building would appear to be as tall as roughly an 11-story office building.

(source: therealdeal.com, picture: Juan Carmy)

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Manhattan Luxury Reality Check

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There were 149 closings at $4 million and above in October 2021, 8 less than September. The Average Closing Price was $8,309,226 down -15.9%, meanwhile, the Median Closing Price was $5,885,500 down -2.9%. The Negotiability Factor, that is the average discount from the last asking price, was 6.27% down from -18.91% during the previous month. The pace of the market was a little faster since the Average Days On the Market were 153 compared to 183 for the properties that closed in September 2021.

If ...

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