Tag Archives: Condos

Brickell City Centre Is Set To Open This November

brickellcitycenter_metromover

The Brickell City Centre located in Miami, Florida long-awaited opening is just around the corner. After years of speculation and construction; the waiting game is over. Starting November 2016, the doors will finally open. Here is a breakdown of the tenants whom have officially been announced.

  • Clothing: 100% Capri, 120% Lino, Addict, Adolfo Dominguez, Agent Provocateur, Armani Collezioni, BDBA, Crocus Studio, Chopard, Cole Haan, Intermix, In-Sight, Kiton, Koko & Palenki, LIVE!, Lululemon, Mirto, Orlebar Brown, Onda de Mar, Rhythm of Grace, REISS, SportsAction, Sundek, Ted Baker, Vilebrequin
  • Fashion and accessories: Addict, Audemars Piguet, Acqua di Parma, APM Monaco, Bally, Caudalie, Capritouch, Coach, Diptyque, Designer Eyes, Font, Harmont & Blaine, Giuseppe Zanotti Design, Italia Independent, Illesteva, IRO, Kendra Scott, Kreations. Leetal Kalmanson, Michele Lopriore, Nars, Nest Casa, Pandora, Porsche Design, Richard Mille, Santa Maria Novella, Stuart Weitzman, Westime, Valentino
  • Dining: American Harvest, Big Easy Winebar & Grill, Calissons du Roy René, DAVIDsTEA, Dr. Smood, Häagen-Dazs, Luke’s Lobster, Pasión del Cielo, Pubbelly Sushi, Quinto La Huella, Santa Fe Ca Café, Sugar, Taco Chic
  • Arts and services: the Apple store, AT&T, Bojanini Art Gallery, Brickell Nail Bar, Musart, Sean Donaldson Hair

A few newly announced tenants have been added to the list as follows: Bruno Magli, Carmen Steffens, Baldinini, Boglioli, Lafayette 148, Samsonite, SPARIS and Violetas/Baccarat.

Swire, Simon, and Whitman property group have previously announced the anchor tenants as well: Cinemex, Saks Fifth Avenue and an Italian food hall. The City Centre is expected to draw in over two million visitors per year.

 

Until next time,

Scott…

New Condo Proposals Abound Right Now in South Florida

South Florida condosAn interesting trend has happened recently on the South Florida real estate market. Evidently, condo developers have been enthusiastically proposing new projects lately, proposing an average of almost 1,000 new units monthly for the tri-county coastal region since October 2012.

This is not only a sign that developers are feeling optimistic about the economy but also a sign that there’s about to be some incredible new real estate available in South Florida!

Real Estate for Sale in South Florida

According to the recent article I was reading in The Miami Herald, it has only taken roughly 10 months for developers to propose 20,000 new units in Miami Dade, Broward and Palm Beach counties.

Here’s what else the recent article revealed:

  • Since the fourth quarter of 2012, developers announced nearly 90 new buildings with a combined 9,500 units in South Florida.
  • At least three additional condo high rises with an estimated 1,200 units in the planning stages.
  • All put together, South Florida could ave at least 145 towers and nearly 20,700 units proposed for Miami-Dade, Broward, and Palm Beach counties.
  • The last South Florida condo boom of this magnitude started in 2003 and ultimately resulted in 245 towers and almost 49,000 units in the region.
  • Miami-Dade County has the largest concentration of proposed projects with more than 90 towers and nearly 15,285 units planned.
  • Broward County has 26 towers and less than 2,125 units proposed.
  • Palm Beach County is a third with 23 towers and nearly 2,100 units proposed.
  • Broken down further, the Hollywood and Hallandale Beach market in Southeast Broward County has proposed 11 towers with nearly 1,450 condo units.
  • Sunny Isles Beach on the barrier island in Northeast Miami-Dade County has proposed 10 towers and nearly 1,200 units slated to be developed.
  •  West Palm Beach has proposed seven towers and nearly 1,170 units
  • The city of Miami Beach has proposed with 17 towers and nearly 1,100 units.
  • And Bal Harbour, Surfside, and Bay Harbor Islands market in Northeast Miami-Dade County have proposed 14 condo towers with nearly 1,000 units.

Part of the reason that developers are moving so fast to develop new condos is because the inventory of available condo buildings is dwindling fast.

Experts predict that the current supply of existing condos for sale could be exhausted by the second half of 2014.

Some of the projects that developers are proposing include:

  • A 713-foot-tall tower with at least 60 stories at 600 Biscayne Blvd.
  • A 710-foot-tall tower with at least 60 stories at 700 Biscayne Blvd
  • A 610-foot-tall tower with 55 stories at 24 SW 4th St. on the north bank of the Miami River.

Still, despite all this talk about new South Florida developments, these companies have a large hurdle to overcome first: getting loans from the banks, which have tightened their lending policies in recent years.

That’s why experts believe that it is those developers who can drum up sufficient support from would-be condo buyers that will ultimately find success on the South Florida real estate market.

South Florida Condos for Sale

What do you think of the recent flurry of activity on the South Florida condo market? I would love to hear your thoughts!

In the meantime, if you’re thinking about investing in a South Florida condo, please contact me, Scott Patterson.

I’ll be happy to assist you by letting you know about available condos for sale, answering any questions you may have as well as telling you about nearby condo communities in such communities as:

  • Aventura, Florida
  • Hallandale, Florida
  • Davie, Florida

Until next time,

Scott

 

Hidden Bay Condo Aventura Florida Market Update

There are 3 towers that make up Hidden Bay in Aventura Florida.  There are currently a total of 58 units on the market ranging in price from $179,000 for a 1 bedroom/1 bath to $2,100,000 for a two-story 3 bedroom/3 Bath tower suite.

In the past 90 days there have been 3 closed sales a 2 bedroom/2.5 bath for $420,000 a 3 bedroom/2.5 bath for $420,000 and a 4 bedroom/4.5 bath for $850,000.

Hidden Bay offers a 66-slip private marina, tennis courts, golf course, clubhouse and fitness center and overlooks the ocean and intracoastal waterway and is located in Aventura Bay (Dumfoundling bay).

Hidden Bay is just minutes from my office in Aventura and next to 12-Acre Founders Park and two minutes to Aventura Mall.

See Properties For Sale In Hidden Bay

Please visit Aventura Real Estate for additional information.