When it comes to Miami, the real estate quip about ‘location, location, location’ might well be appended with unreasonably sunny weather and easy access to the sea. This trifecta helps explains, we think, the residential real estate boom currently sweeping through the city.
From South Miami Avenue and Edgewater to Midtown, the hoardings are coming down to reveal sparkling luxury condominiums and mixed-used developments, a great many designed by blue-chip studios like OMA, Lissoni Associati and Zaha Hadid Architects.
‘Miami’s rapid growth is leading to a significant influx of new residents who might have previously opted for cities like NYC or LA,’ says Carlos Rosso, president of The Related Group’s Condominium Development Division, which is behind a sweep of new developments including Park Grove, SLS LUX and The Paraiso District. ‘This is, in turn, leading to more and more high-paying employers, hotels, cultural institutions, and world-class culinary options.’
Camilo Miguel Jr, CEO of Mast Capital which just completed Louver House is equally bullish about Miami’s real estate boom. ‘Though this is a young city compared to other US metropolises, it has long been considered the gateway to Latin America, but we’re seeing this reputation evolve into something new. The growth of arts and culture in the local community is attracting buyers from new and unexpected international markets, so this is creating an exciting opportunity to create and shape the identity of emerging and even established neighbourhoods.’
Herewith, our pick of the choice residential addresses to consider moving into.
To see the full list go to the link below.