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The latest addition to the downtown Miami Worldcenter will be a luxury condominium-hotel skyscraper that promises to be a novel product for Miami. The Legacy Hotel & Residences will have a 255-key hotel below 278 branded condo units from the 26th to 39th floors. This will be Miami-based developer Royal Palm Cos.’ second high-rise at Miami Worldcenter after completing the Paramount condo tower this...

Who loves the sun? More Americans than ever, according to U-Haul. In its latest moving survey, the moving giant said Florida had beaten out Texas as the No. 1 moving destination in America, The Lone Star State had held the top ranking for at least four years. “Florida has been showing signs of growth for a decade,” said Miguel Caminos, U-Haul Company of Orlando president, in a statement. “Central...

Next year is likely to be good for construction in Miami with a new flock of construction cranes now arriving to build the city’s next generation of skyscrapers. Below is a full list of new towers expected to be under vertical construction in Miami during 2020. All of the projects listed are within the downtown Miami/Brickell area: Okan Tower (70 stories, 902 feet) Permitting is underway, with...

Miami’s commercial real estate market is exceedingly healthy across all asset classes and — despite what some headlines will tell you — retail is no exception. Market fundamentals and demand balance point to continued growth, with limited downside in sight. Miami is a unique market in that it is a major national metropolitan statistical area (MSA) that benefits from year-round tourism while also...

It was a record breaking month for Virgin Trains (formerly Brightline) which had its highest ridership level ever in November and signed deals to build more stations.Total ridership last month was 100,627, with revenue of $2.2 million. The company says December is also on track to break records. Enrollment in the company’s corporate travel program has doubled since September from 2,520 to over 5,000...

Warehouse supply is expected to grow at the same rate in the new year as it did in 2019. But it still won’t be enough to satisfy demand in Miami-Dade and Broward, say experts. “We should continue to see strong robust demand in Miami-Dade and Broward,” CBRE industrial broker Tom O’Loughlin said. “Developers are still building.” The primary driver: e-commerce, said George Pino, the president...