SLS Brickell Miami

It can be difficult to understand the real estate market and the various fluctuations it goes through, even for those who are in the business. One of the interesting trends that realtors have seen in the area of Brickell lately is a sudden growth in demand for properties. While this is certainly welcome news, the desire for properties in the area grew quickly, and with the demand came higher prices for properties. The increased prices and demand are certainly huge changes from the recession that rocked the area a few years ago.

Price Fluctuations

Just a few years ago, no one was looking to buy in the area, simply because no one could afford to buy, thanks to the recession. The entire real estate industry was in a shambles, and it hit Miami and the Brickell area quite hard. Today, investors from the United States and from many other parts of the world are scooping up properties in Brickell almost as fast as they can find them. Naturally, the increase in demand pushes those prices higher and higher. (view all Brickell condos here)

Even though the prices are already as high, or higher, than their pre-recession counterparts were in some instances, many feel that the high prices will not last forever. They will likely hit their peak soon and will not go up from there, simply because the market, even the luxury market, will not bear it. The market is strong right now, and there are a number of foreign cash buyers, which help to keep it strong.

Though the newer units are selling quickly, experts also feel that there is quite a bit to explore and enjoy in the realm of resale units. Condominium owners who already have their unit and who are looking to sell – perhaps to buy a new property – can do quite well right now. Since the demand for units is on the upswing again, and the prices are going up, it means that those sellers who have exceptional units in buildings already up could see a nice advantage.

Buying Now With Resale Properties

One of the problems that some buyers have with buying presale units is the fact that it could take a year or more before they are actually able to move into or rent out their unit in those new construction towers. While the properties are certainly nice, many buyers are impatient. They want to move to the Brickell area right now. They also know that the area is popular, which makes renting fast and easy most of the time. The best way to do that is to start looking into the current properties for sale.

Buyers certainly have a larger number of options when it comes to what they choose to buy in the Brickell area, but they need to realize that right now the buys come at a premium. The prices are high, but they will likely be peaking soon. Now is a good time to look into what Brickell offers in terms of new and resale units. For more information please click here to view all Miami downtown condos for sale.


Brickell new condos

Recently, a company called Watson Investigations purchased a small restaurant building located at 842 Southeast First Ave for the price of $7 million. Interestingly, the property is near the site of a 34,000 square-foot building that the company also recently bought, although they purchased that building through bankruptcy court in July of last year. The current business occupant of the restaurant they recently bought is Chicken Kitchen, a popular local eatery.

Ambassa Holdings sold the 8,000 square-foot property to Watson for the $7 million price tag, which was far higher than what they paid for it just ten years ago. When Ambassa originally bought the property, they paid $1.9 million for it. This most recent transaction closed on the 30th of April and the county recorded it on May 2. Watson has ties to CMC Group, run by Ugo Colombo. While much of this is speculation right now, many feel that Vladimir Doronin and Ugo will be using the land that they bought to eventually develop and start building another condominium tower.

Can the Area Sustain a New Tower?

One of the questions that some people will ultimately have if they do reveal plans for a new tower is whether the South Florida area can really sustain another one right now. Already, the area is rife with these towers, and more go up each year. One would be forgiven to think that it might be reaching the saturation point. However, it’s important to look beyond that and to look at the actual numbers.

People go gaga over Brickell condos (click here to view all Brickell condos for sale), as well as the other nearby areas that offer close proximity to the beach and everything else that Miami has to offer (click here to view all Miami Beach condos for sale). People are always looking for properties here, and more than just U.S. buyers have an interest. Many foreign buyers, including those from Canada, China, and Russia all love the idea of having a property in the area. Consider also that just because people own a unit at one of the towers, it does not mean they live there year round. Some use the properties as a vacation spot. Others choose to use the property for investment, and they rent it out to vacationers during the peak months.

Given the popularity of the area, it is quite likely that the area will certainly be able to handle more towers. There does not appear to be a slowdown in interest at all. The crash of 2007 still leaves a bad taste in the mouths of many, but times are different today, and people are actively watching for similar situations to arise so they can sound an alert. The chance of the same thing happening again is slim.

If they do go ahead and start planning another tower, you can also be sure that it will not be approved or go under construct for a number of years. There is no reason to start worrying that there are too many towers in South Florida. Instead, embrace it and start looking for your own condo.


SLS Brickell Condo

Introducing the newest and the hottest pre-construction project SLS Brickell Condo Hotel located in the most desirable Brickell Ave, right next to the new 5 million square foot Brickell CityCentre in Downtown Miami. The new SLS Condo will rise 57 stories and will feature 133 hotel rooms and 450 residences. It will host 5 top restaurants creating fine dining, and chic entertainment in Miami’s most exciting and sophisticated downtown area.

The new SLS Brickell (view site) will offer most extravagant shopping and lifestyle destination, offering its residents ultimate access in an oasis of exclusive privileges. Sophisticated designer interiors, original works of art by contemporary masters, private rooftop pool terraces, celebrity chef restaurants, and limousine service to a chic private beach club are among the many features, amenities, and services designed to indulge the most discriminating clientele.

SLS Brickell

The building will also offer interiors designed by Yabu Pushelberg and Phillipe Stark. Museum-quality art in all common areas will include works by renowned artists such as Fernando Botero and Matias Duville, among others, and exterior art mural installation by Fabian Burgos.

The 450 luxury condominiums will all feature private elevators, 9 and 10 foot ceilings, 12 foot in the penthouses, custom gourmet kitchens and panoramic skyline overlooking Biscayne Bay and Atlantic Ocean. There will be two assigned self-parking spaces available for most units in secured parking garage and of course complimentary 24-hour valet
parking services.

Among many services offered, you will enjoy the butler Services and “While Your Away” Services. The “smart” app will provide convenient access to concierge services from your tablet or smartphone, while enjoying property-wide Wi-Fi. The round-the-clock multilingual staff will help you in your every day business choires even including translation services. 24-hour valet parking, 24-hour security service, 24-hour in-room dining services are all standard features for you to enjoy private catering for meetings, luncheons, and dinner parties.

Upon arrival you will be offered pre-arrival provisioning / grocery shopping and delivery, dry cleaning and laundry services, nanny/babysitting services, plant maintenance, overnight shoeshine, pet services, courier services, personal IT support assistance.

The state-of-the-art health and wellness fitness center is professionally staffed and includes Technogym®, Cardio & Weight Training equipment, as well as cardio machines with personal plasma television/music options. Exclusive “Kinesis® Personal” fitness stations create personalized workouts. Free weights, stretching mats, Pilates balls, yoga mats, and headphones are all available for complimentary use.

The outdoor lounge space with 2 beautifully designed fire pits overlooking breathtaking views of the Bay and the
City skyline will be built for exclusive use of the condominium residents. The two story indoor lounge and recreation area with private wine cellars, Billiards room, and poker table and library will allow you to get maximum enjoyment out of daily routine and the 57th floor roof top will offer private sun decks and spa. An additional rooftop pool and sundeck for building residents, overlooking city skyline with breathtaking views of Biscayne Bay.

Deposit Schedule:

* 10% of Purchase Price at Reservation
* 10% of Purchase Price at Contract, or Balance of 20% after applying Reservation Deposit
* 10% of Purchase Price at Groundbreaking – Estimated March 2015
* 10% of Purchase Price at 9th floor – Estimated at July 2015
* 10% of Purchase Price at Top-off – Estimated March 2016
* 50% of Purchase Price at Closing – Estimated at October 2017

Prices start at just $500K

Call our office today to reserve your unit – (305) 336-0457


Flatiron Miami

One of the most recognized Miami developers Ugo Colombo together with the Russian billionaire Vladislav Doronin of Capital Group are developing the new, ultra-modern Flatiron on Brickell. The new project will be 65 floors high located at the heart of Downtown Miami on South Miami Avenue and Brickell Plaza.

Ugo Colombo has been developing in Miami for over 20 years. His impressive portfolio includes buildings such as Epic, Santa Maria, Grovenor House.

Flatiron Brickell Miami

The new Brickell Flatiron, named after the latest New York’s 5th Ave Flatiron building, is going to be one of tallest residential towers in Miami – 750 feet high, with 65 floors and 552 units offering floor-to-ceiling glass exteriors throughout the units, which will feature 11-foot-deep elliptical balconies. In addition, the building will have a rooftop swimming pool, a gym and spa, plus an outdoor lap pool on the 18th floor.

Units will have an average size of 1,250 square feet. Plans for penthouse units are yet to be announced.

Please contact our office to reserve your unit at the friends-and-family entry-level prices. Reserve your unit now with just 10% down. Deposits are fully refundable prior to contracts being signed (in a few months).

Call today – (305) 336-0457.


South Beach Condos For Sale

Continuum Condo For Sale

Downtown Miami Condos

are still very popular and getting more so as time goes on, according to recent reports. A report issued by the Downtown Development Authority revealed that the average sales price for a unit in downtown Miami rose 21.4 percent in the third quarter compared to last year.

The average sale prices for units for the third quarter of 2012, ending on September 30, showed a gain of 11.6 percent over that same period in 2011. In total, new and resale units have shown approximately 25 percent price growth every year since 2009, revealing that the real estate market is continuing to improve and that it is very vibrant at present.

Foreign Interest

Miami real estate

because of its superb location and its climate, has always been an attractive to international buyers. From the south, it’s a major draw for people from Latin America and the Caribbean. It’s also proven attractive to immigrants from all over the world, including destinations as far away as Russia. Foreign investment is listed as one of the reasons that property values have become higher over the years, according to the Miami Downtown Development Authority. In fact, a representative of that authority said that foreign investment is one of the major factors in helping Miami to recover.

Living In A Brickell Ave Condo

is living in the center of the city and has become more attractive to people in recent years. While many consecutive decades of the 20th century saw Americans moving farther and farther away from the center of the cities in which they lived, recent years have seen people demonstrate an increased interest in living close to the city that they call home. It reduces commute time, allows a person easier access to everything that the city has to offer and, of course, it has the additional benefit of revitalizing city cores, which oftentimes suffered as people moved away.

The increased interest in downtown Miami condos for sale is also named by the spokesperson is one of the reasons that property values have been increasing. Condominium properties and rental properties have seen growth, as well. In fact, according to the same report, sales were up 8.8 percent during the first nine months of 2012, demonstrating that the worst part of the real estate crash is apparently behind Florida and that the largest city in the state is rapidly becoming one of the places to be for people from all over the world.

Finding a Property

Living in the downtown area opens up many opportunities for anybody who decides to purchase property there. A good realtor can help find the right location for you. Even though there are some universal benefits to living in the core of a city, there’ll generally be some specific reasons that any individual seeks a property there and a realtor can ensure that those reasons are taken into account and that the properties you look at satisfy them. With the market heating up, there’s never been a better time to contact a realtor and talk to them about your options.


Miami real estate

Hallandale preconstruction condo

The latest report from Miami Herald (http://www.miamiherald.com/2012/02/08/2631956/construction-spending-finally.html) indicates that the construction spending in South Florida rose for the fourth month in a row in Broward County in November 2011, joining Miami-Dade County as areas with sustained growth in the real estate sector. “We’re seeing a lot of custom-home building,” said Bernie Navarro, head of the Latin Builders Association. “You see it in Key Biscayne and Coral Gables and Pinecrest. Those places had fallen to zero. Now they’re back on.” While construction employment is falling, the losses are more narrow than previously. “It’s going better than I expected six months ago,” said David Denslow, an economist at the University of Florida. “Remember, six months ago we were worried about a double dip. Now all of the evidence is pointing the other way.”

The Hollywood and Hallandale Condo resales

jumped in 2011 as well. Buyers purchased an average of 140 condominium units per month in the Hollywood and Hallandale Beach areas showing an increase in 2011 of nearly 20 units per month from 2010. This is due to the influx of investors chasing discounted condo resales that can be leased out to tenants who are willing to pay higher rents.

Latest report indicate that office vacancy in Miami-Dade County was at 19.1% at the end of 2011, according to data from CBRE Group’s Florida Market Perspective 2011. There was a total of 44.1 million rentable square feet in the county, and 8.4 million vacant. Last year saw net absorption of 64,238, with 359,630 square feet under construction, with the average asking lease rate in the county at $30.32. “The Miami office market has gained strength during 2011 with tenant activity picking up,” said Carter Hopkins, first vice president at CBRE. “The market should continue to strengthen in 2012.”

In addition to single family homes in Miami

the pre-construction condo sector is also on the rise. Fueled by steady pre-sales at the nearby Apogee Beach Hollywood condo, Jorge Perez of the Related Group is planning a new 31-story tower with condo and hotel units fronting the Intracoastal Waterway in the Hollywood nad Hallandale Beach coastal market of Southeast Broward County.

Despite the unsold inventory, the Related Group broke ground on the 23-story Apogee Beach condo tower on the sand just north of Hallandale Beach Boulevard in December 2011. As of Jan. 30, 2012, buyers have committed to purchase 41 out of 49 units in Apogee Beach project, according to company marketing material.

The path to development for the proposed Beachwalk tower – a few blocks west of the Apogee Beach project – is shaping up to be a bit more complicated initially. The proposed Beachwalk tower – which would stand 305-feet high with 84 residential units and 432 hotel rooms. Beachwalk is the 22nd project to be proposed east of Interstate 95 in South Florida. If they are all built, the projects would add nearly 4,400 units into a market that had 4,200 developer units unsold at the end of last year.

A Related affiliate bought the Beachwalk development site, home to Manero’s Steakhouse for five decades, for more than $2.9 million from TD Bank in May 2011. The Beachwalk project is slated to cost $60 million to construct and have a market value of $80 million at completion.

Related is also planning to start construction in two weeks on its MyBrickell condominium in Miami. To date, about 80 percent of the 192 units are under contract, with buyers paying a 20 percent deposit, the company said. It would be the first new condominium project to break ground in downtown Miami in several years.

Developers seeking to launch new condo projects are focusing particularly on the high-end market, which continues to dominate because of the ability of its prospective buyer pool to pay cash for units. The 70-unit Bellini Williams Island – a high-end condominium in Aventura’s William Island recently broken ground.


Miami Downtown New Real Estate

The 3rd largest casino company (Genting Malaysia Berhad) in Asia just purchased 13.9 acres of waterfront land owned by the Miami Herald, for $236 million. The property stretches from Biscayne Boulevard to Biscayne Bay. This landmark deal will reshape the surrounding downtown area, bringing more life and vitality to an already booming portion of the city.

Downtown Miami Real Estate

In a public statement, the Herald publisher noted that while their operations have thrived in this area for a number of years, the space was no longer conducive to ongoing operations. The $236 million land/property deal was also in part prompted by The Herald’s need to bolster funds, specifically to address funding needs of the organization’s pension plan, to repay some company debts and to address taxes. The newspaper’s executives have provided additional assurances that this sale will in no way interrupt their normal course of business.

The Genting group estimates the total construction project cost to be between $2-5 billion, which will not only boost the local economy, but will result in the creation of numerous jobs. The current plans for the property include a hotel, retail shopping, high rise Miami residences and a convention center.

Downtown Miami Real Estate

“This deal has generated a great deal of excitement within the Miami real estate community, as it is at or near to the highest price paid per acre in Dade history,” said Lana Bell of Sunny Realty. “A deal of this magnitude will create tremendous opportunity for not only local residents and businesses, but for the surrounding property market.”

Many local Miami real estate experts

feel that this deal serves as an endorsement for Miami. Asian developers chose the area not only due to the opportunity and price point, but the potential to draw international and domestic tourists, a strong revenue source for any project of this type.
“Successful real estate transactions such as this merely validate the strength of the South Florida real estate market. While this deal is certainly the largest to come our way in some time, it is surely a sign of what is to follow. South Florida is hungry for Miami luxury residential developments, both for current area renters as well as international visitors,” said Lana Bell, of Sunny Realty.

While the deal has been closed, construction isn’t expected to commence for 2 years, which corresponds to the allotted time frame provided to The Herald for relocation. The newspaper is currently searching for property within the area, although they may divide the printing and publication portions of their organization should the right space not be found to accommodate both.

From every angle, this landmark deal serves as a positive sign for Miami’s real estate market.


Miami Land For Sale

Vacant Land For Sale In Miami

As the signs that the Miami real estate market remains stable

many investors and residents are interested in what future Miami condo developments may be in store. While developments may take years to complete, they show promise as growth for the area, something recent investors and current residents are interested in monitoring.

Miami land

previously earmarked for commercial towers in the downtown Miami area, many of which are now in financial distress, has attracted the interest of investors seeking to construct future condo developments. Year-to-date, investment groups have purchased at least 10 condo sites for nearly $300 million according to the Miami-Dade Country records.

2011 Significant Land Deals In Miami

Some of this year’s largest land deals include:

· $236 million for the waterfront Miami Herald land at 1 Herald Plaza
· $14.8 million for the Coral Station at Brickell Way
· $14 million for the land currently occupied by the Brickell Tennis Club
· Acquisition of a 78,200 square foot development site located on the north bank of the Miami River, once slated to become the Cima condo development

These significant land deals represent only a small fraction of the available land within a focused area of Greater Downtown Miami. The prime real estate attracting attention currently consists of the 60 block stretch spanning the Julia Tuttle Causeway to the Rickenbacker Causeway.

Driving Forces Behind Increasing Developer Miami Land Interest

Developer and investment interest has picked up throughout this year as rental and lease activity, resale and new sale activity has picked up.

More and more Miami residents are choosing to lease Miami condos, offering an attractive income stream for investors, both on an individual and group investor basis. The average rental rate for the areas, as of June 30th this year, is approximately $1.82 per square foot, or $1,500 per month for a small, 800 square foot condo unit.

Another contributing factor is the decline in developer condo inventory. This decline in inventory has freed up investor capital. The current sales pace for the area indicates that the developer inventory will sustain only 12 more months of sales activity. This activity has enabled current developers to turn their attention away from moving already constructed properties toward what’s next.

While new projects have yet to be announced, speculation backed by the aforementioned land deals points to a wealth of new projects to be announced and constructed in the Greater Downtown Miami area over the next 3-5 years.


New Construction Condos Miami

New Construction Condos Miami For Sale

If you’re in the market for a new property in Miami

there are many available. These properties include some of the most luxurious and prestigious around and are located in some of the most desirable areas around Miami-Dade.

Luxuria on the Ocean

Situated in Boca Raton, this development is a high-end condominium property that was developed in association with the Trump Group. The Trump Group’s name is synonymous with luxury and that tradition continues at this spectacular property.

This property is best described as ultra-luxury. The property has penthouses, single family estate home and condominium properties available. There are 26 residences at the property that feature oceanfront living.

900 Biscayne Downtown Miami

If you want to be close to the center of all the action, this is one of the best luxury properties available. This property features incredible views and luxurious surroundings. There are 3 different sizes of apartments available at the property: 1-, 2-, and 3-bedroom units. The properties feature luxuries such as high-speed lifts and very elegant designs. The windows span from the floor to the ceiling. The property is very close to the most desirable areas in Miami. There are plenty of amenities that go along with living at this property, such as access to pet care, an onsite restaurant and the services of a concierge.

Bal Harbour One Condo Hotel

Bal Harbour real estate is one of the most sought-after addresses in the area. This condominium hotel offers you the best of living in an upscale condominium tower with the amenities you would expect at a five-star hotel.

Provided with expansive grounds, a workout facility, a business center and much more, those who make their home here will never suffer for a lack of resources. There is a beachfront restaurant at the property and a spa where you can receive top of the line treatments from experts. There are currently incredible deals being offered at this property.

Jade Ocean Sunny Isles Beach

Sunny Isles Beach real estate is one of the most desirable and upscale area and a well-known address among those seeking luxury real estate in the Miami area. Jade Ocean is a very modern development that features stunning architecture and numerous amenities. Enjoy the smart living systems installed in the units and the immediate access to many different options for arts and entertainment in the area. If you just want to stay home and enjoy the views from your condominium, the vistas from the balcony will take your breath away.

Getting in on these Deals

The most important element in taking advantage of the incredible deals available on these properties is having the right Miami realtor. A good realtor can ensure that you know what’s available, how much you should pay and how much money is simply too much to ask. These properties are all at the upper ends of luxury, so there is plenty to love about living at any of them and they all provide you with access to the type of lifestyle that draws so many people to Miami.

Will These Deals Last?

Miami real estate

is selling again, so it’s not likely that these deals will be available for very long. Because of that, smart buyers are snapping them up while they’re available. These aren’t properties that are selling for good prices because they’re in areas that are past their prime or because they’re imitations of the luxury condominiums that people associate with southern Florida. In fact, these developments include a few by the Trump Group, which prides itself on providing the utmost in luxury living. When you’re dealing with real estate companies, you’ll want to make sure that their information is always up to date and accurate.

Why Internet Savvy Matters with Realtors

Good realtors working this market have a global client base. They also have a pronounced need to dominate the Internet for information and as a way of selling properties for their clients. When they’re working with buyers, the Internet is just as vital to making a good deal. When you’re looking at these properties, you’ll want to be working with a realtor who understands how to bring digital resources to your quest for the best properties out there. Without this advantage, you are simply not going to be able to find the best deals on the market!

Other Interesting Properties

There are many properties that are offering spectacular deals on new development. Trump Towers in Sunny Isles Beach, Icon Brickell in Downtown Miami and many more are waiting for you to take a look at what they have to offer. You’ll find that many of these properties will offer far more than you may have expected, even from a luxury property. You’ll also find that a good realtor can avail you of options you didn’t even know existed and, by working with you, can determine which properties would likely be the best choices for you!


Miami Condos

About 85% of the 50,000 condos built during Miami condo boom era have sold.

You can read more about it here: http://www.miamiherald.com/2011/01/27/2036345/condo-inventory-detailed-in-new.html#ixzz1E31liat2 or down below:

Developers have sold 85 percent of the condos built in Miami during the building boom beginning in 2002, according to a report released this week by Bal Harbour-based consultancy Condo Vultures.

The report, which studies condo markets from South Beach to West Palm Beach, found that developers have sold 41,258 condos in the last eight years, with the largest chunk of sales taking place in downtown Miami.

“People are certainly taking advantage of the fact that [condos] are affordable and available both to live in and also to invest in,” said Leo Zabezhinsky, manager of business development and real estate for the Miami Downtown Development Authority.

While many of the boom-time buyers were speculators , many of today’s buyers are investors and vultures, hoping to capitalize on the troubled market by renting out the units.

That explains much of the shift in sales activity taking place between South Beach and downtown Miami, as rental demand is up in places like Brickell and purchase prices are lower in the city than by the ocean.

“An investor comes in, they look in South Beach, and they get sticker shock,” he said. “If they want to be on the sand, they go up to Sunny Isles Beach. If they’re looking for investment value, new construction, they go to downtown Miami.”

Spurred by bulk buyers and lender takeovers, condo sales in downtown Miami reached 3,675 in 2010, up 57 percent from 2009, according to the report, based on county records. Condo sales in South Beach totaled only 123 last year, up from 107 in 2009. At the current sales pace, it would take about a year to sell out the remaining developer inventory in downtown, and more than a decade to sellthe 1,300 new condos in South Beach.

Areas like downtown Fort Lauderdale benefitted from good timing, as developers completed most of their condo projects before their housing market crashed. There are only 160 new condos yet-to-sell in downtown Fort Lauderdale, where more than 5,000 units were built during the boom.

Condo Vultures focused its report on seven housing markets in Miami-Dade, Broward and Palm Beach counties, concentrating on areas east of I-95 and near bodies of water. During the 8-year span covered in the report, 244 new condo projects were created in those markets, for a total of nearly 50,000 units.

The epicenter of the building, sales and developer default activity has been in downtown Miami and Brickell, where more condo units were built in the 2000s than in the previous four decades combined.

About 18,675 new condos have sold in the downtown area in the last 8 years, totaling about 84 percent of the inventory, according to the report, based on county records.

Developers “built 23,000 condos, and when over 80 percent have been sold and occupied, clearly it tells you that this is where people want to live and invest,” said Zabezhinsky. “The condos have single handedly helped lead the transformation of downtown Miami into a 24/7 global city.”


Content published by Lana Bell

Content published by Lana Bell