Condo sales fall in Miami-Dade

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Condo sales in Miami-Dade County began to drop last week.

A total of 61 condos sold for $41.5 million last week, amid the coronavirus pandemic. That is compared to 102 units that sold for $54 million the previous week. Condos last week sold for an average price of about $680,000 or $397 per square foot.

The most expensive closing was at Fendi Chateau Residences in Surfside. Unit 806 sold for $6.9 million, or $1,538 per square foot, after 510 days on the ...

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Miami-Dade orders all non-essential businesses closed due to coronavirus

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Miami-Dade Mayor Carlos Gimenez has expanded his order of businesses that must close — and those that can remain open — during the coronavirus pandemic. All malls and casinos will have to shut down. Construction sites, hotels and banks can remain open.

Medical facilities, grocery stores, gas stations and restaurant kitchens can stay open for pick-up and delivery. The announcement is effective Thursday at 9 p.m.

Gimenez ordered all non-essential ...

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Brickell’s Riverside is now officially open!

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Riverside, a waterfront dining and entertainment venue, is now officially open in Brickell.

The venue is opening in phases, Riverside will have seven dining concepts, a tap room, multiple bars, outdoor activities and green space.  In total, there will be 120,000 square feet of space on the Miami River. The design and landscaping at Riverside is said to be recreating an old Florida ...

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First look at Renzo Piano’s first residential project in the western hemisphere

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renzo piano

Here’s a first look at Eighty Seven Park, the newly completed beachfront residential project in Miami Beach. It is Renzo Piano’s first residential building in the Western Hemisphere.

“When I look at how the glass and suspended decks of the building appear to float, and how they catch the ...

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Miami: some areas are at record prices

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Miami’s residential real estate market is up significantly from last year, and some records are being broken, according to newly released data from the Florida Association of Realtors.

A total of 3,848 condos and townhouses closed in the Miami-Fort Lauderdale-West Palm Beach area during December 2019. That is an increase of 17.9% compared to the year before. Prices were up 7.9% to an ...

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16K apartments to be delivered in South Florida this year

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Overall, monthly rents predicted to rise by 2% to $1,677

South Florida will see nearly 16,000 apartments delivered this year, leading rents to flatten in markets with added supply, according to a recently released report.

Fueled in part by population growth, the number of apartment deliveries will be nearly double the 8,871 units that were completed in South Florida last year, according to Berkadia’s annual report and 2020 forecast. That marks the highest number of annual ...

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