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    Downtown Miami Real Estate - Neighborhood details, listings & statistics
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    Downtown Miami Real Estate

    Neighborhood Location

    Neighborhood Description

    Downtown Miami and Brickell are part of the Greater Miami area, separated from each other by the Miami River. Investors in Downtown Miami real estate are all looking for the same type of real estate; a luxury condo in an urban core, but with ocean views. Although Brickell is the better-known area, Downtown Miami is one to keep an eye on, especially when you love impressive bay views.

    Real Estate in Downtown Miami is characterized by a handful of high-end and very sought-after condos like Epic, 900 Biscayne, Marquis, Marina Blue and Ten Museum Park. With the arrival of the ultra-luxurious One Thousand Museum by the late Zaha Hadid, Downtown Miami and the Downtown Miami real estate market put themself on the ultra-luxury residences map.

    Downtown Miami is changing rapidly and is becoming significantly more relevant.  There are huge changes taking place in an area that had relatively little to offer in the past.  Soon, Miami Downtown will be the new heart of Miami and the investment potential is enormous.

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    Neighborhood News

    How to 'Shop' for New Miami Condos? Monad Terrace in Miami Beach
    How to 'Shop' for New Miami Condos?
    The Ultimate Guide For Buyers of Miami's Newest Condos Are you moving to Miami Florida or investing in Miami real estate and are you looking for one of these luxurious and brand new developments in Miami? Then this is the blog for you! We explain everything there is to know about purchasing new Miami condos and we show you where to…

    Average $/SqFt

    • Available Sales$550/SqF
    • Available Rentals$2.89/SqFt
    • Closed Sales (In the past 6 months)$434/SqFt
    • Closed Rentals (In the past 6 months)$2.60/SqFt

    Inventory Percentages

    • Available Sales60.4%
    • Available Rentals39.6%
    • Months of Inventory sales89.1
    • Months of Inventory rentals11.5

    Miami Worldcenter

    The first enormous change is the Miami Worldcenter – A city within a city. The Miami Worldcenter is a nine block mixed-use development, which will bring a new energy to Miami with a blend of exceptional retail, restaurants, entertainment, hotels, and residential and commercial offerings in one unique location. With almost 30 Acres Miami Worldcenter will transform the heart of downtown Miami into one of the largest private master-planned urban environments in the world. With up to 20 million square feet of buildable area, this is not a project or a development – it is a city within a city. This new project will create a dynamic and vibrant urban core of diversity and excitement. Miami Worldcenter will also feature a new luxury condo (Paramount at Miami Worldcenter) with features like 10ft ceilings, private elevators, outdoor living spaces and 5 star amenities. This mega project is another example of ultra-luxurious and brand new real estate in Downtown Miami Florida

    Skyrise Miami

    Downtown will be home to SkyRise Miami, this brand new icon on Miami’s skyline is more than just a mere observation tower with breathtaking 40 mile vistas. Its entertainment venues are designed to be enjoyed by visitors and residents alike.

    The Green Belt / Biscayne Green

    Great initiatives are coming from the Miami Downtown Development Authority to make Downtown more pedestrian friendly and greener than it already is. One of the plans is to to turn the stretch of Biscayne Boulevard from SE 1st Street to NE 5th into a ‘Biscayne Green’, saying it’s a huge step towards a walkable future for the city. All the current parking spaces will then be changed into little parks. This is another initiative to increase the desirability of real estate in Downtown Miami Fl..

    The commercial development

    Miami’s commercial Real Estate is becoming the next best thing for international investors looking into our city for investment purposes. A recent study concluded that the inventory of Miami’s offices is decreasing rapidly while the construction of new workplaces is slowing down. This together with a rising demand for commercial real estate because of an ever-growing population and interest in
    Miami as a business hub for Latin America can only mean one thing ⇒ An Increase in prices. Moishe Mana, the Israeli entrepreneur and real estate mogul who owns almost all of Wynwood (and therefore made this area what it is today) is rapidly purchasing large amounts of properties inDowntown (around 200,000 Sq.Ft as of now). Mana told Daily Business Review, he’s looking to take advantage of the area’s visibility and position as a gateway to Latin America and encourages businesses to come to the district from around the world.

    The $12M facelift of Flagler Street

    The Flagler Street is getting a $12M facelift to keep up with the rest of Miami’s fast development. The City of Miami as well as private investors are lining up to beautify and restore Flaglers 1950s glory. The Plan involves:

    • The Improvement of traffic floors
    • Expanding and straightening sidewalks
    • Adding trees, benches and bicycle racks.
    • The sidewalks will also be designed to resemble railroad tracks, harkening back to the days of Miami’s founding father Henry Flagler.

     

    All Aboard florida

    Finally, the “All Aboard Florida”-State of the art passenger train arrives in 2016, connecting Orlando to Downtown Miami will bring new job opportunities and retail to the area.

    Arts and Culture

    Miami Downtown will be the heart of Miami led by major developments as mentioned above.  Besides these developments there is more entertainment, culture and arts coming to the Downtown area. The Perez Art Museum and the Museum of Science are two brand new museums that just opened their doors in our city.

    Ideally Located between Brickell And Miami’s up and coming areas

    Not only is downtown Miami changing, also its surrounding areas are developing at a rapid pace. This makes Downtown Miami become the middle point of the ever-evolving Brickell in the South and the up and coming areas of Edgwater and the Arts and Entertainment district in the North. Because of its proximity to the latter areas, residents of the greater Miami Downtown area are now also enjoying a striving arts, fashion and fine-dining culture. While everyone might have heard from the Adrienne Arsht Center for the Performing Arts not all people know about Miami’s Art Walks or the high-end fashion scene in the Design District

     

    For more information on Downtown Miami Florida real estate please contact David Siddons at +1.305.508.0899 or Siddons.d@ewm.com

     

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