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...