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January 6, 2017
Canada took the lead from Colombia as the top foreign country searching for property in Miami. In October, Canada registered the most searches for Miami real estate for only the second time since November 2013. It seems our northern neighbors are seeking a refuge from the cold! Brazil, once the top spot, fell to number 5, while India jumped from the 6th spot to number 3.
January 3, 2017
Construction on Auberge Beach Residences & Spa in Fort Lauderdale is progressing nicely. The highly anticipated luxury condo development is currently rising on a prime 4.6-acre site directly on the sand in beautiful Fort Lauderdale Beach. The two beachfront towers will help redefine luxury condominium living in South Florida.
December 27, 2016
AquaLuna Las Olas in Fort Lauderdale is now finished and completely sold out. The 5-story, boutique development is comprised of 16 luxury waterfront condominiums priced from 1.2 million dollars to 2 million dollars. AquaLuna is perfectly situated between famed Las Olas Boulevard and beautiful Fort Lauderdale Beach on 260 linear feet of water frontage.
December 20, 2016
The developers of the newly completed Porsche Design Tower in Sunny Isles Beach paid off a 214 million-dollar construction loan. The loan was originally issued in 2014 and marked a notable turning point in the South Florida real estate market, as it showed financial institutions felt the area was ready for another construction boom. Porsche Design Tower Miami will open to residents in early 2017.
December 13, 2016
Aston Martin Residences in downtown Miami will break ground in summer 2017. The 66-story tower will be located on a prime lot where the Miami River joins Biscayne Bay. The anticipated development marks Aston Martin's entry into the luxury condominium market.
December 9, 2016
"Starchitect" Zaha Hadid's 1000 Museum condo tower in downtown Miami received a 225 million-dollar construction loan. Construction on the 62-story, ultra-luxury development is currently at the 26th floor, with building completion scheduled for 2018. Condo prices at One Thousand Museum range from 5.8 million dollars to 22 million dollars, and the much-anticipated tower is already over 50 percent sold out.
December 6, 2016
The long-anticipated Porsche Design Tower in Sunny Isles Beach is now complete. The ultra-exclusive development is comprised of 132 condos on a prime 2.2-acre oceanfront lot. According to the developer, 96 percent of the luxury condominiums in the 57-story tower were presold, with 22 of the buyers being billionaires.
December 2, 2016
Closings are underway at Oceana Bal Harbour. So far, 6 luxury condominiums at the ultra-exclusive, oceanfront development have traded for a total of 25 million dollars. Oceana Bal Harbour has an estimated 1.3 billion-dollar sellout, which would be a new record in South Florida. The 28-story building is comprised of 240 spectacular residences, including 4 upper penthouse residences. Two penthouses are currently under contract for 26 million dollars each.
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