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What you need to know about the Resorts World Miami
Resorts World Miami is the brainchild behind the Genting Group, which has over 25 years in US development for resorts and residential entertainment facilities. The owner, K.T. Lim has spent 11 years in the Florida area developing what will soon be the Resorts World Miami.
The Resorts World Miami will be located along the shores of Biscayne Bay, just minutes to Miami Beach and the international airport. It will take up one of the most prominent pieces of real estate in Miami and offer an urban and resort destination for locals, visitors and families alike.
The architecture will be extremely unique and tailored to the Miami skyline. Taking inspiration from nature and specifically the Florida coral reefs, the Resorts World Miami will be a unique collection of numerous buildings, free flow architecture and environmental design, created by one of the leading architectures in the world, Arquitectonia.
Bernardo Fort –Brescia, the founding principle of Arquitectonica introduces a new vocabulary of architecture to our city that is inspiring in nature, “having now been in Miami for over 35 years, we describe our ocean and our natural beauty of the area. The location is pivotal with access to the port and local cruise ships or people coming from Miami Beach as they come down the causeway or even from the airport.”
Resorts World Miami will be seen from numerous existing destinations such as from Bicentennial Park creating a completely new landscape and skyline. The inspiration was from nature and the nature of South Florida. This series of hotel and residential area is inspired by Florida's coral reefs.
There will be outdoor lagoons and natural sandy beaches. With over 3.6 acres, the rooftop lagoon will allow swimmers to scale the lagoon from Biscayne Bay to Biscayne Blvd, over 1000 feet. Included will be a retail Galleria, more than 50 restaurants and lounges, 700,000 ft.² of convention space and column free ballroom, the largest in the United States with waterfront views and outdoor terraces.
Over 1,000,000 ft.² of high-tech entertainment, music, showcases and the culture of Florida. This will be the highlight of the 3 mile Bay walk including trails, jogging and biking paths and it will connect the Miami River to Bayfront Park. It will complement the Bayfront Marketplace and the Miami Art Museum, the Miami Science Museum and the Performing Arts Center, enhancing the skyline and drawing in residents, tourists and families.
A quarter of a million people will be able to gather in this area for special events such as New Year's Eve and Fourth of July events. This three billion-dollar investment will create over 15,000 construction jobs and 30,000 jobs in years to come.
Residential condo units began their sale this year with the completion of the first tower containing several hundred units. The waterfront property seems to be the best way to begin the project to stay current with the market place. [Source] Image taken from still photo from video here.
Want to know more? How about pricing and a finish date? Give me a call anytime! We’re here to answer your questions and provide a wealth of knowledge for investments and residential real estate in Miami.
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Living Around the Mall at Miami Worldcenter
From major companies such as the Forbes company and Taubman, the newest expansion to Miami sky rise covering nearly 28 acres and over 650,000 ft.² of shopping and dining; welcome to the Mall at Miami Worldcenter.
Offering an extremely accessible location for the Metro, drivers and pedestrians, the Mall at Miami will be one of the most prominent and accessible locations in all of Miami. With the addition of the All A board Florida coming in 2015 and 2016 linking Fort Lauderdale, Miami and Orlando, the opportunities are endless. In addition to this, the Port of Miami is just minutes away and, as the number one cruise terminal in the world, this will bring in numerous tourists, vacationers and visitors from all over the world.
North of the mall is the 29-acre museum park, which offers a perfect urban escape for visitors, locals and guests. Also surrounding the Worldcenter is the American Airlines Arena, numerous art gallery museums, theater and entertainment venues. Just a few blocks south of the Worldcenter is the Bayfront Park Amphitheater, which is managed by Live Nation, offering events and festivals year round.
On-site, residents will enjoy a 700 ft tall residential tower featuring units ranging from $4 million-$35 million penthouses. In addition Multiple towers, residential, apartments, condominiums and penthouses will be all a part of this fantastic landmark truly putting Miami on the map as the place for high-rise living.
The Marriott Hotel and convention Center will be located at the Worldcenter offering over 600,000 feet of convention space, hundreds of residential and hotel units and the hub for business and industrial conferences.
Connecting the mall and the convention center will be a promenade of pedestrian shops, restaurants, nightly entertainment and department stores.
The mall itself will be the center of Miami with hundreds of shops, daily amenities, chef-driven restaurants and fabulous entertainment options. This urban vibe will be “THE PLACE” to be in Miami.
To get on board or for information on homes, condos and high-rise luxury apartments please call me anytime. I would be honored to offer the latest news and reservation information on the residences at the new Mall at Miami Worldcenter.
Cities across the world have been building observation towers and tourist attractions soaring high over their cities for decades; Buildings such as the Eiffel Tower, Space Needle and the Oriental Pearl Tower. These vertical entertainment centers draw millions of tourists and visitors each year bringing with them the revenue and popularity for the area.
Well, Miami is no different. Even though we are now growing at a tremendous rate, voters have approved the new SkyRise Miami observation and entertainment tower and plans are already in the works this year on construction.
This $430 million, 1000 foot skyscraper is destined to be built just minutes from South Beach and regionals are calling it Miami's Eiffel Tower.
The SkyRise Miami will go beyond the standard observation tower. It will include two high adrenaline thrill rides, restaurants, nightclubs, and of course, observation decks offering panoramic views from South Beach to the Everglades.
The building's developer, Jeff Berkowitz, has visited iconic towers all over the world and is prepared to create an exciting thrill ride and location unlike any on earth.
SkyRise Miami will feature a "flying theater" with aerial shots of Miami in a beautiful ballroom and restaurant. This will be the country's second largest observation tower behind the stratosphere in Las Vegas. Developers plan to have it finished by 2017. It will forever change the skyline of Miami and become a symbol of our city.
The R-Shaped Building will be our Sydney Symphony, Seattle Space Needle, Dubai’s … well, all of them! This will be our icon for Miami and it will be rising out of the Marina as a landmark for our city.
SkyRise will be host to variety of events, activities and entreatment. Enjoy nightclubs, observation decks, the “Shy High” club, restaurants, The SkyPlunge and the SkyRise Drop Bungie. There will be a ballroom for parties and weddings and the fabulous SkyRise Theaters.
Stay tuned for updates and information on this amazing new icon on Miami’s skyline. Image by Facebook SkyRise
The Canvas, Miami’s Newest High Rise
We are so excited to talk to you about the new Canvas in Miami which was beautifully designed as an elegant masterpiece towering over 400 feet in height with 37 stories and stunning architecture. This luxury iconic residential and commercial high rates unit is destined to be the first in his class in Miami. Amenities will be of the highest quality coupled with art, music, romance and intrigue. Welcome to Canvas Miami.
The Canvas will be in the emerging Arts and Entertainment district of Miami and will feature a 30,000 ft.² amenities floor and deck comprised of a sunrise pool and a sunset pool, hot tub, eco-friendly gardens, a relaxing sundeck, over 3000 ft.² of fitness center, a relaxing spa and sauna including treatment rooms, yoga garden, racquetball court, social room with catering kitchen, children's play room and lab as well as an indoor and outdoor pool bar and café.… And that's just the amenity floor! The rooftop area includes a lounge, plunge pool and tropical landscaping including the famous "Tree of Life". Enjoy jam sessions in the music room and a multimedia theater room perfect for viewing the latest blockbusters.
Residents will enjoy stunning features including panoramic views of the bay, port and the city skyline. Large, open floor plans, expansive bathrooms and top-of-the-line kitchen appliances and cabinets grace each unit. Enjoy quartz countertops, floor-to-ceiling windows, efficient floor plans and stainless steel appliances. Spacious closets and frameless glass bath enclosures put you in the lap of luxury in your own home.
The Canvas include studio apartments, one and two bedroom floor plans as well as fully furnished units perfect for investors.
Now is the ideal time for buyers to get in on the best price points before they launch into second-tier pricing. This reservation stage allows buyers to place a 10% hold on a unit and get the best pricing possible.
The Arts and Entertainment district is alive and well including the Resort World Miami, the Miami World Center, and Gloria Estefan's new hotel and restaurant called the Skyrise. It's all here at this newly developing district in Miami. The Canvas is located just blocks from the heart of Wynwood at 1630 N. E. 1st Ave.
For more information on the Canvas condominiums affordably priced and currently available, please Contact me today. This is an exciting new building and condos are sure to sell out fast.
More Cash Buyers in Florida Than Anywhere
MSN recently did an article where homebuyers are paying AND all five cities listed were in Florida. "Nearly 38% of homes and condos purchased nationwide in the second quarter were all cash transactions." This is slightly lower than the previous quarters three year high of 42% of transaction and it was also higher than the year before. This data is provided by Realty Trac 24/7 Wall Street. Cities included Cape Coral and Fort Myers, St. Petersburg and of course, the Miami – Fort Lauderdale and Pompano Beach area.
More than 64% of home sales in the Miami metro area were paid for in cash during the second quarter of this year, more than in any other metro area in the nation. The percentage of cash sales was exactly 64.1% with a median list price of $225,000. This in addition to the local real estate market has also attracted interest from institutional investors who made up more than 8% of sales in the second quarter. This includes wealthy Latin American buyers who provided a boost to Miami real estate sales.
The reason for a lot of this is that stricter lending standards combined with low inventory gives the advantage to investors in cash buyers. The average sales price of an all-cash purchase in the first quarter was $207,000. Many of these cash buyers are also baby boomers who have recently paid off their homes and now want to downsize. Retirees can tap into their retirement accounts and pay cash for a second home, especially in places like Florida.
Other cash buyers may be looking to "flip" properties by borrowing money from family or friends and then repaying the loan with the proceeds from the sale. According to an article in USA Today, "the high percentage of all-cash buyers indicates the housing market recovery is for real and buyer confidence is restored." Many buyers are willing to put their own money on the line to buy properties instead of financing which can create a false sense of nonchalance or being able to walk away if things don't work out right. Buying homes with your own cash means you are fully responsible for the success of that property and feel confident about their housing market recovery.
Pretty much the only downsides is that these all-cash buyers might be winning out over some first-time homebuyers who can afford to purchase a property with. Cash offers are much more appealing to sellers especially banks and first-time homebuyers that need a mortgage may get squeezed out of the market. Banks have already tightened lending requirements and many young people are finding themselves with too much debt to incur a mortgage.
However, the overall sense of the housing market is a positive one and because there are people putting their own money on the line it helps the housing market as a whole recover much quicker with a more positive outcomes for investors, first-time home buyers in cash buyers alike.
For more information on buying a home in the Miami area with all cash or if you're struggling to find the right home after applying for a mortgage please give me a call. We have tactics and strategies that work with both sides of the equation and can help you get the home you're looking for.
Surfside Florida is located just south of Bal Harbour and the Bal Harbour Shops along Miami Beach. It's a smaller community east of the Indian Creek country club along the Atlantic coastline. With a population of about 5000, with beautiful coastal community offers a tropical paradise and an ideal paste of South Florida.
The small town of Surfside was incorporated in 1935 and continues to be a sleepy, attractive residential neighborhood with multifamily condominiums and apartments as well as single-family homes in a small business district. Surfside remains an ideal community for permanent residency, vacation properties for seasonal retreats. Because of the smaller community nearly every home is within just a couple blocks of fabulous shopping, the beach, public parks and playgrounds as well as dining.
According to the town of Surfside Florida.gov, Surfside has earned a superb reputation as a family community and destination. There's numerous accommodations, resort facilities and leisure activities throughout the town plus, you're just a short drive to the Bal Harbour Shops or the city of Miami Beach. Surfside offers a commercial district with fine dining and casual restaurants, reasonably priced accommodations and a variety of stores and services. Residents are close to downtown Miami, South Beach and the North Shore open as well as numerous golf courses and marinas with boating rentals and fishing expeditions.
Real Estate Options
Single-family homes in Surfside start at about $450,000 and can reach as high as $5 million depending on size, location and view. Around the $500,000 mark R2 and three-bedroom homes of around 1500 ft.² it may or may not need a little bit of work. The median home price is around $600,000 with some high end homes skewing the average. There are very few homes over the $1 million mark but luxury estates and beautiful waterfront properties are available between $1.5 million and $4.5 million.
Surfside has numerous condominiums as well typically priced from about $290,000-$4 million depending on size, location and amenities. Some of the higher end condominiums will have numerous amenities such as swimming pools, fitness centers and concierge services. Oceanfront luxury residences start at about $1 million and offer two, three or four bedroom floor plans from 2000 to 4000 ft.².
For more information on this versatile town just north of Miami Beach please give us a call today or visit the website for all homes and properties for sale in Surfside Florida. Image by Ines Hegedus-Garcia Flickr Commons
Cash sales continue ebbing closer and closer to pre-crisis levels, according to CoreLogic’s recent June sales report.
Nationally, sales have dropped dramatically year-over-year. Since June 2013, the portion of total sales completed in all-cash have dropped 36.2 percent to 33 percent overall – the lowest share since September 2008.
Since January, year-over-year cash sales have fallen each month. However, while drops have been drastic,
Aventura Florida - Relax - You’re in Florida
If you've never heard of Aventura you might not be for Miami, however, knowing this little gem along the ocean means your perfect gateway to world-class shopping and relaxation. Aventura is located in North Miami Beach between Hallandale Beach and Maule Lake just west of Highway A1A. This master plan suburban city is located in northeastern Miami-Dade County Florida and is named after the Spanish word for "adventure". It was named after one of the developers of the original group of condominiums in the area exclaimed "what an adventure this is going to be." Aventura has a population of about 35,000 residents and began its development in the early 1970s. The famous Aventura Mall is located here and is one of the fifth largest shopping malls in the US. Most of this community is covered by water including Dumfoundling Bay and Maule Lake in addition to numerous inlets and peninsulas making nearly every home in Aventura a waterfront property or the very least offer waterfront views.
Aventura is known for its world-class shopping with over 280 shops in the mall alone. The residential neighborhood offers an enclave of tropical landscaping and because water surrounds most of their high rises and luxurious family homes, this is an ideal place to call home if you desire to be close to the water and the beach all in one. Aventura also provides an easy access to Fort Lauderdale and Miami since it's exactly 12 miles in either direction to these famous cities.
If golf is your thing Aventura is calling your name. Golf Digest have called the beautiful Aventura and Turnberry Isle Resort and Golf Club and “oasis” in the middle of a busy Miami and Miami Beach. The Turnberry Isle Resort offers to distinct courses; the Soffer and the Miller Course originally designed by Robert Trent Jones Senior. These 18-hole courses showcase the best of Florida golf with a variety of challenges, contoured fairways, rolling greens and strategic water features. This quiet course is beloved by locals and golf loving visitors alike and the Senior PGA championship held residency at this course from 1979 to 1986. In addition to this fabulous course there's also the Cascata Grill perfect for a beverage or a full meal after a fabulous game. With innovative Florida cuisine, this restaurant offers unique bites from award-winning chefs.
Aventura offers its locals and visitors alike high-rise luxury condominiums, hotels with waterfront views, fabulous shopping, nightly entertainment, and world-class dining all in a restful and relaxing setting. Think this might be where you'd like to hang your hat? There are a variety of high-rise condominiums, luxury homes and waterfront estates to choose from. the average listing price is about $580,000-$650,000 with the median sales price of about $350,000. There are numerous single-family homes that easily top in the $1-$3 million range or humble single-family homes within just a few blocks of the mall starting at less than $300,000. From stunning high-rise condominiums of over $6 million to available lots of parcels of land perfect for building your custom home, Aventura may just have the perfect residency for you, your family and your budget. To learn more about this fantastic part of Miami often times referred to as our hidden gem, please give me a call or visit the website for all current listings, condos and homes for sale in Aventura. Image by Arjun Sharma Wiki Commons
Bal Harbour is located at the northern end of Miami Beach and is technically a village in the Miami-Dade County area. It's home to about 3500 residents and over the last 50 years has built up several beach clubs, hotels, restaurants and shops. In 1965, the Bal Harbour shops were constructed by the Whitman family, one of the incorporators who lived in the local apartments. In the early 1970s, the beach began a major re-nourishment project and in 2008 the new Regent Bal Harbour opened becoming the northern gateway to the village.
Originally known as Bay Harbour, the local planning community changed the name to Bal Harbour as it was technically was a city on a beach. The word “Bal” was a combination of a city that ran from the bay to the Atlantic Ocean, so B for Bay and AL for Atlantic.
THINGS TO DO
Bal Harbour offers over 120 shops, for hotels, almost 20 restaurants and hundreds of events and oceanfront activities each year. It's known as Miami's most fashionable beach destination. The local art project and program continues its dedication to supporting arts in the area and expanding their museum access program that launched in 2013 providing free admission to four of the top area museums. Bal Harbour also provides free access to private collections and the "unscripted" Public Art program provides South Florida artists a platform to pursue their creativity.
Dining is also a fabulous option in Bal Harbour. With oceanfront resorts, cafés, coffee shops and lounges, there's always a close destination for fine dining, casual fare, or a burger on the beach. The ONE Bal Harbour Resort and Spa is a timeless getaway with fine dining options, pool bar and grill, fabulous spa services all set in a spectacular setting.
Speaking of settings, for nearly 80 years, the bowel harbor village has been a pristine community with top residential living an upscale tourism. A variety of elegant homes, estates and condominiums to feel the idea of a "dream village, the founder Robert C Graham and vision so many years ago.
The homes and real estate in Bal Harbour range from about $280,000-$5 million depending on size, condition and location. Oceanside resorts and estates start at about $800,000 and harbor side homes can range from about $280,000 for condominiums and townhomes to $3 million depending on size and location. At the publishing of this post the average listing prices roughly $2.4 million with a median sales price of $595,000. However, due to the limited properties on the market at any given time, a higher-priced home could skew the median and average results. Please check with the current list of Bal Harbour homes for sale and condominiums here. Images by Jimmy Baikovicius and Ines Hegedus-Garcia FLickr Commons