Rumour around Downtown Miami is that David and Victoria Beckham are considering a condo purchase at One Thousand Museum, Zaha Hadid’s only residential building design on this side of the Atlantic. As reported by Michelle Kaufman in the Miami Herald: They also were spotted touring the new, luxurious 62-story One Thousand Museum residential tower in […]
New Construction Market Insights – June 2019
Year to date, the greater Downtown Miami area has added 516 residential condominiums; 2,139 rental apartments; 90,000 square feet office space; and 118,266 square feet of retail space; and 1,780 theater seats. At our current rate, and with current construction expected to be completed this year, we will easily exceed 2018 totals for rental apartments […]
Market Insider Report – 33132 – June 2019
The Downtown Miami zip code area 33132 currently has 1059 active listings with 126 median days on the market. The median listing price is $474,370. After a precipitous drop in November 2018, median sold prices continue their steady climb; however, rising inventory levels could be signalling another price adjustment for this area. Housing Market Trends […]
Miami Real Estate Report – May 2019
According to our Miami Area Report for May 2019, the City of Miami residential real estate market is continuing to improve year-over-year. Median selling prices are up by 7.02% while median days on market have decreased by 24.32%. After hovering around a “normal, balanced” market for the past year, supply of inventory dropped dramatically in […]
Downtown Neighbors Alliance Discuss Signature Bridge
On Thursday evening, Miami Downtown Neighbors Alliance (MiamiDNA) hosted a presentation by representatives for the Signature Bridge & I-395 / SR 836 / I-95 construction that will be impacting our community for the next five years. The project is a partnership between the Florida Department of Transportation (FDOT) and the Miami-Dade Expressway Authority (MDX) to […]
Inclusionary Zoning is Coming to Downtown Miami
What is “inclusionary zoning” and why should Downtown Miami care? CityLab lays out the key points of inclusionary zoning: Inclusionary zoning is a policy that was first developed in the 1970s in response to exclusionary and often racially segregated “snob zoning.” It’s a popular tool for getting the private market to subsidize affordable housing. But […]