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February 5, 2016
Construction on Muse in Sunny Isles Beach is moving ahead of schedule. The third floor was recently poured, and the developers of the luxury oceanfront tower expect a new floor to be completed every 1.5 to 2 weeks. The anticipated development will ultimately rise 47 stories directly on the beach.
February 3, 2016
Plans for a 14-story, luxury condo tower on West Avenue in Miami Beach were recently revealed. Designed by Pritzker Prize-winning architect Jean Nouvel, the exclusive development will contain 80 condominiums, with at least 2 penthouse residences. If approved, it will be the architect's first residential building in South Florida.
January 27, 2016
In an effort to discover money being laundered through Miami and New York luxury real estate, the U.S. Treasury Department will soon start tracking all-cash transactions made through limited liability corporations that mask buyers' identities. The initiative will run from March through August and will affect real estate deals starting at 1 million dollars in Miami-Dade County.
January 26, 2016
Foundation work started at the future site of Residences by Armani/Casa in Sunny Isles Beach. A joint collaboration between Related Group and Dezer Development, the 60-story building will be the first Armani tower in the world. Construction on the oceanfront development is expected to cost 1 billion dollars, which will be Related Group's most costly project ever built.
January 20, 2016
Turnberry Ocean Club in Sunny Isles Beach boasted 200 million dollars in pre-construction sales at the end of 2015. The 54-story, oceanfront tower will offer 154 exclusive condominiums, including a recently released collection of stunning duplex residences priced from 19.5 million dollars.
January 19, 2016
Construction has begun on Eighty Seven Park in Miami Beach's North Beach neighborhood after a 91 million-dollar construction loan was secured for the highly anticipated oceanfront tower. Designed by Pritzker Prize-winning architect Renzo Piano, Eighty Seven Park will rise 18 stories and contain just 70 ultra-luxury condominiums.
January 14, 2016
The U.S. Treasury Department is starting an initiative to track and identify secret buyers of luxury real estate in both Miami-Dade County and New York City. The initiative aims to target all-cash purchases made by L.L.C.s that mask buyers' identities. It's the first time the government has required real estate companies to give names behind all-cash transactions, and it is being done in an effort to focus more on money laundering in real estate.
January 12, 2016
The developers of Miami Worldcenter in Downtown Miami replaced plans for a huge, enclosed mall with a smaller, open-air shopping promenade. The pedestrian-friendly, high street-style mall will fit in better with Miami Worldcenter's urban setting. The redesign will not delay the original scheduled completion date of 2018
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