It’s not exactly a secret that Miami’s latest unhinged condo boom is being fueled by foreign money, but the exact number of new residential units being bought in downtown by those from abroad is eye-popping. According to a not-yet-released report from consulting firm Integra Realty Resources for the Miami Downtown…
Unemployment in Miami-Dade is down 2.9 percent from a year ago, according to the latest number from the Florida Department of Economic Activity, indicating that economic recovery in the county continues. The unemployment rate in the county now sits at 7.3 percent (not seasonally adjusted), and the county added 29,600…
The last undeveloped waterfront lot in downtown Miami just sold for a record-breaking $100 million an acre. Bought by companies controlled by German and Gloria Coto, the son and daughter-in-law of Argentinian grocery magnate Alfredo Coto, the total price was $125 million for the 1.25 acre parcel located at the…
Soon you’ll be able to keep your Armani clothes and apply your Armani Code by Giorgio Armani perfume inside your Armani-designed bathroom all within your own Armani-designed condo located in an Armani-designed building named Residences by Armani/Casa. Yes, the fashion house is teaming up with developers Dezer Development and Related…
America’s largest Hispanic-owned pharmacy chain is set to become a subsidy of a Fortune 500 company. CVS Pharmacy is set to buy Miami-based Navarro Discount Pharmacy. The chain will continue to operate under its original name and will mostly focus on Hispanic customers…
Over the past few months, LeBron James had been praising UConn star Shabazz Napier on Twitter. Shortly before the NBA Draft, LeBron declared that point guard was his favorite player in the draft. Then the Miami Heat went and drafted him, causing some to think it was all part of…
Despite an act of street art vandalism, Miamians have mostly reacted in measured respect to LeBron James’ decision. Miami’s most notable almost universally took to Twitter with messages full of nothing but thank yous and respect. The only real shade came in the form of Miamians rallying back around our…
Most of the land in Miami-Dade is artificially dried out swampland and man-made barrier islands. So it seems like its Dade’s destiny to one day be home to the first community of floating mansions in America. According to the Biscayne Times, Dutch Docklands USA has submitted plans to create Amillarah…
In news that isn’t particularly new but is worth repeating, the Miami Herald reports that most Miamians can’t afford to buy units in of all those fancy condos being built at breakneck speed around town. Most buyers are wealthy people from Europe and Latin America who purchase units as investments…
One long night in the late ’90s, Coconut Grove native Robert “Beau” Thompson was “absolutely hammered” and about to get very lucky with the beautiful daughter of an oil tycoon. In the darkness Thompson fumbled for a condom, but he couldn’t tell which side was up. Forced to resign himself…
Editor’s Note: After this post was first published this morning, a spokesperson for UberX contacted Riptide and said the company does not have a driver registered under the name Jahrvone Bentley. Riptide got in touch with Bentley, who claimed he was using a pseudonym out of fear of reprisal from…
Walgreens is known for their architecturally interesting stores that dot Miami Beach, but inside those stores look, well, pretty much like a regular Walgreens. For their latest planned expansion on the island, the drugstore chain is hoping to move into an historically protected structure, the Bon Air Hotel at 1060…
Is Miami’s “brain drain” finally over? In a new analysis, the Atlantic CityLab’s Richard Florida shows that between 2011 and 2012 the Miami metro area had a net increase in residents with some college education, a college degree, or a post-grad degree. Meanwhile, there was a net decrease of residents…
The temple on the river is gone. The Mahi Shrine Auditorium, for decades the boxy, Miami River-adjacent home of the Mahi Shriners fraternity, was demolished Tuesday to make way for a new $200 million mixed-use commercial project on the site. The new megasite is slated to include 444 residential units…
If it’s ever completed, SkyRise Miami — the proposed bayfront tourist attraction which some have already derisively tabbed the “Paperclip Tower” — is slated to be 1,000 feet tall, making it the tallest building in Florida. In addition to a bungee jump, it would have a ballroom, three observation decks,…
Plans to move forward with commercial development on land currently occupied by the terrace of the Miami Beach Community Church on Lincoln Road have been given the OK by Miami Beach’s Historic Preservation Board. The controversial plan will see a three-story building go up on the historic site next door…
In August 1962, when Marilyn Monroe was found dead in her Los Angeles home of a probable suicide — lying face down in bed, nude, and with a telephone in one hand — the news captivated America. But so did the star’s funeral. Joe DiMaggio, Monroe’s baseball star ex-husband, was…
Another day, another pointed reminder that Miami is an economic nightmare for all but the elite. Interest.com compared the average expenses for residents of the county’s major metro areas to the average income to find out how much “savings opportunity” a regular citizen might have at the end of the…
A month ago Chicken Kitchen owner Christian de Berdouare stirred controversy by applying to demolish the North Bay Road home where he lives and where the Beatles were once famously photographed. Last Thursday he made bigger real estate news: For nearly $10 million, he bought the coral-pink waterfront mansion once…
“People should either be caressed or crushed,” Niccolò Machiavelli once wrote. “If you do them minor damage they will get their revenge; but if you cripple them there is nothing they can do.” Seth Cohen clearly did not get the civics lesson. In summer 2012, the then 43-year-old New Yorker…
Back in the day MTV Cribs was the finest showcase of outrageous celebrity home interior design, but few places could touch Missy Elliott’s Aventura condo in the “I can’t tell if that’s awesome as hell or totally tacky” category. She had a chair with fish tanks for arm rests, Lamborghini…
If you’re wondering why Walmart was so desperate to build its first store within the City of Miami limits at Midtown, it’s probably because its stores in other parts of the county are so damn popular. In fact, the Doral Walmart has the highest sales of any store in the…
