The Miami River

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The Miami River Area Is The Next Best Thing For Miami Real Estate

Many Investors are turning to the Miami River

Many are considering the Miami River to host Miami’s next residential and commercial real estate boom. The Miami River is on everyone’s radar and a hot investment spot. As international investors are eager to get a piece of Miami’s hot investment pie and waterfront lots in the rest of Miami are getting scarcer, all eyes are on the Miami River. The demand for Miami River is actually quite simple. This area has what is getting scarce in the rest of Miami, which is waterfront land.

The uprise of the Miami River – A long overseen area

The Miami River has long been overseen as investors were looking at the Bay and the Beach areas of Miami. During Miami’s last real estate boom, glitzy condo towers went up near the river’s mouth, including Ugo Colombo’s Epic Miami Hotel and Residences. More than 7,000 residential units were built during that time, according to the Miami River Commission. Due to the economic downturn the expansion of this residential boom did not reach out to the rest of the Miami’s 5.5 mile river.

Nowadays, Miami is following in the footsteps of other American cities, including San Antonio, Savannah, Pittsburgh and Chicago, who have turned their rivers into meandering, walkable neighborhoods with commercial and residential districts.

A young and hip scene is making the Miami River more and more desirable

The Miami River is now attracting more and more high-end restaurants. As a hip, transitional area in Miami, the Miami River is following the steps of neighborhoods like Lower East Side and the Meatpacking District in New York. They used to be no-go zones and now they are a hotspot where everyone wants to be seen. With the arrival of Seaspice (previously Seasalt and Pepper) and the River Yacht Club a new crowd was attracted to the River area who rebranding this area, formerly known for its tug boats and fishing trawlers of the working river, into the place to be.