North Beach in Miami Beach, the Arts & Entertainment District, Midtown and Coconut Grove are among the areas that have emerged as the hottest real estate submarkets in greater Miami. And these emerging areas are each experiencing a renaissance of activity.

• North Beach is generally a quiet community with single-family homes and low-rise apartment buildings but will soon experience a significant transformation once developer Terra Group breaks ground on its 20-story, 64-unit luxury condominium at 8701 Collins Avenue. That project will kick off more more higher-density, mixed-use projects in the area given investors’ bullishness on North Beach.

In fact, New York real estate investor Guy Smilovich said in an interview that he bought in the neighborhood because the area has “long-term value.” Smilovich is renovating his Art Deco building at 8200 Harding Avenue, which will connect via a courtyard to a new 13-unit luxury apartment building going up on a vacant lot at 8204 Harding Avenue, with a mechanical-lift parking system. The two properties, approved by Miami Beach officials earlier this year, are located one block west and three blocks north of Terra’s 8701 Collins project.

• The Arts & Entertainment District, which connects Wynwood and the Design District, is well-positioned for growth and development due to its proximity to public transportation and high-density zoning.

NR Investments’ pitched its tent there three years ago when they acquired the Filling Station Lofts at 1657 North Miami Avenue and transformed the 37-story condo with 81-units into a rental building. They also owns a one acre parcel on North Miami Avenue between Northeast 14th and Northeast 15th streets, where they hope to build a mixed-use project with hotel, office and residential components. The Related Group is also banking on the Arts & Entertainment District — they are planning a three-tower mixed-use site on 2.7 acres at 1400 Biscayne Boulevard.

• Midtown Miami has already experienced a transformation that started nearly a decade ago after developers Joe and Jack Cayre set about turning a 29-acre former rail yard into a self-contained neighborhood with four residential towers and a shopping center anchored by big-box retailers. Fast forward to today, new developments are on track to arrive in the coming months due to the activity spilling over from nearby Wynwood and the Design District.

In September, the Related Group and Dezer Properties broke ground on the Hyde Midtown Suites & Residences after selling 70 percent of the 410 residential units. Just east of the abandoned Florida East Coast railroad tracks near Midtown Miami, developer Alex Vadia has submitted plans to the City of Miami for a massive residential, retail and restaurant complex.

• Coconut Grove is also poised for some activity — with developers Terra Group and the Related Group partnering to create Park Grove, a three-tower luxury condo project, and Terra also building the 90-unit Grove at Grand Bay.

In light of the residential activity, commercial activity is also heating up. In March, an entity controlled by famed Miami architect Bernardo Fort-Brescia renovated the Engle Building at the corner of McFarlane Road and Main Highway and announced a roster of new tenants including Harry’s Pizzeria, Panther Coffee and Clyde Butcher gallery. A month later, a group of Latin American buyers plunked down $2 million (10 times the last sales price) for a 10,502-square-foot commercial property in the West Grove. And in May, a partnership between Maryland-based Federal Realty Investment Trust, Grass River Property and the Comras Co. bought the Cocowalk shopping complex in a deal valued at $87.5 million and unveiled plans to redevelop the center and include a new tenant mix.