Climate change? Real estate slow down? Rising rents? Continued unease about the health of the local economy? Apparently none of those concerns can curb growth in Downtown Miami. According to a new report from Realtor.com, the downtown zip code of 33132 is expected to be the fourth fastest growing neighborhood…
The home ownership rate in Miami is down to historic lows, and most millennials in the metro area won’t in the market to buy a home anytime soon. According to a new survey by Apartment List, 81 percent of local millennials feel buying a home is just too expensive. This…
Well, this is unfortunate timing. Just weeks after famed architect Zaha Hadid died in a Miami Beach hospital, the city of Miami Beach has decided not to go ahead with plans to build a Hadid-designed public parking garage in the Collins Park neighborhood. The city commissioned Hadid, a part-time Beach…
It’s not quite crickets yet, but don’t expect to hear quite so many cranes, nail guns and saws around Miami …or the ring of your Real Estate agent friend’s phone for that matter. All evidence points to a noticeable slowdown in the local real estate market, and here’s even more…
Miami would be nothing without its hotels. Never mind that some of the juiciest bits of Miami history took place within their walls, those walls are basically Miami history themselves. These days all of South Florida — but especially Miami Beach — is known for its zeal for historic preservation…
When the International Consortium of Investigative Journalists leaked the Panama Papers on April 3, it revealed a glimpse into the shadowy world of shell companies. More than 11 million files from law firm Mossack Fonseca showed celebrities, criminals, heads of state, and politicians from across the globe setting up virtually untraceable…
There are indications that Miami’s condo sales market may be cooling down, but rent prices aren’t necessarily cooling down with it. According to the latest numbers from Zumper, the median rent for a listed one bedroom condo in Miami right now is $1,900. That’s up from $1,840 in February, and a…
Todd Glaser steps onto the Sea Tabby, a wood-trimmed 1938 Mathis Trumpy yacht docked off Allison Island, a spit of land off Miami Beach just north of the Fontainebleau hotel. As he sits at a table toward the back, he calls out for a Johnnie Walker. An older, fully uniformed…
What do an architect, an insurance broker and a teacher have in common? In South Florida, they should all be thinking about sea level rise. You know the story by now: The seas are rising, to the tune of at least three feet over the next 100 years. And Miami…
Last night, one of the biggest data leaks in history hit the web. The leak comes via a firm in Panama with a niche business: Setting up off-shore shell companies for clients who want to hide their cash from the tax man. A team lead by the International Consortium of Investigative…
Zaha Hadid, a pioneering architect who became the first woman to win the prestigious Pritzker Architecture Prize in 2004, has died at the age of 65 following a heart attack here in Miami. Originally born in Baghdad, Iraq, Hadid was educated in London and later became a naturalized resident of the…
When the biggest names in Italian fashion show their latest collection they do it in Milan. When they want to slap their name and branding on a condo tower, well, they do it in Miami. The Residences by Armani Casa are under construction up in Sunny Isles. The Fendi Château is…
There have been signs that Miami’s condo market is heading for a sharp downturn for more than a year now, and developers are positioning themselves for the burst in the bubble. Carlos Rosso, the president of condominium development at Related Group, tells The Wall Street Journal that this time last…
Downtown’s iconic Freedom Tower will soon have new neighbors. The only question is who? The tower’s owner, Miami Dade College, also owns a 2.6-acre lot next door. The primo space on Biscayne Boulevard is currently used as a surface parking lot for the school’s Wolfson Campus. Last year, the school received an unsolicited…
The Miami Dolphins maintain they’re committed to Ryan Tannehill, and the quarterback certainly seems committed to South Florida. Tannehill and his wife Lauren just plopped down $4.3 million for a mid-century modern pad in the heart of Fort Lauderdale. Located in the Colee Hammock neighborhood not too far off Los…
Perhaps you’ve noticed the phenomenon of major articles about Miami popping up in the national press roughly between November and April every year. This year, a general theme of many of those articles has emerged: the serious subject of climate change. Vanity Fair led the pack in December. The New…
Opponents of the Midtown Miami Walmart aren’t surrendering. Miami Circuit Court Judge Michael Hanzman yesterday said Miami Planning Director Francisco Garcia should hand over “qualifying emails” related to the construction of the 203,000 square foot, three-story store planned for North Miami Avenue and 29th Street. Though a court found in…
Prince Royce is making all sort of moves lately. The Bronx-born, Latin pop star cracked the mainstream last year with his first English-language album. Ten he starred in Fox’s live broadcast of The Passion over the weekend — and has a role in the upcoming Hulu series East Los High. …
The Wynwood real estate market certainly isn’t settling down anytime soon. Prices just keep going up. In fact, a warehouse that sold for just $3,000,000 in 2014, was just re-sold for an astounding $22 million. That’s an astounding 663 percent gain on an investment that was made a mere 17 months ago. …
The two biggest stories in Miami right now and for the foreseeable future: the looming threat of sea-level rise and the gentrification and development of formerly working class ethnic neighborhoods and the dearth of affordable housing. Nothing else poses bigger problems to our city’s future, and both stories have been…
What an amazing time to be a rich person in Miami-Dade. The market just keeps providing you guys with luxury things that us poorer people couldn’t even imagine actually existed. Things like condos for your cars. No, not condos to actually live in and park your car nearby like the…
How do you quantify “charm?” Well, the website RentLingo thinks its figured out the mathematics behind what makes an area “charming” and have ranked Miami as America’s most charming mid-sized city. That’s a nice counterpoint to yesterday’s assertion that Miami was the 8th worst city to live in America by…
