November 3rd, 2022
New Development
The Rider have 131 luxury units intended for short-term rentals, 6,500 square feet of ground floor retail, 146 parking garage spaces, and a 4,000-square-foot rooftop bar.
The project is expected to break ground at the end of 2023 and construction would take 24 months to complete.
The building units, which expand to 104,625 square feet in total, would be run like a hotel and would be at Northwest 29th Street, Wynwood.
A new mixed-use residential project is coming to Coconut Grove, at 2835 Tigertail Ave. Residences in the Grove will offer 174 dwellings, ground floor commercial, and basement parking.
The site is north of Tigertail, on the corner of Mary Street.
A residential project with 100 units is being planned at 2200 Brickell Avenue, according to a new utilities agreement.
According to the agreement, 2200 Brickell will include:
100 apartments
2,790 square feet of gym
Brightline Aventura Train Service
Brightline beginning train service to Aventura, an exact date will be announced soon, but will come before year end.
Trip time between downtown Miami’s MiamiCentral and Aventura is expected to take about 17 minutes. Trip times from Aventura to Fort Lauderdale will be 14 minutes. A ride from Aventura to Boca Raton will take 32 minutes. Aventura to West Palm Beach will take 56 minutes.
The 34,000 square foot station will have an autonomous market, and lounges for Smart and Premium passengers. Source: The Next Miami
Migration trend
Nearly one-quarter (24.2%) of homebuyers nationwide looked to move to a different metro area in the third quarter, a record high. That’s up from 23.3% in the second quarter, 21.6% a year ago and about 18% before the pandemic.
Sacramento was the most popular destination for Redfin.com users looking to relocate, followed by Miami, Las Vegas, San Diego and Tampa. Popularity is determined by net inflow, which is the number of people looking to move into a metro minus the number of people looking to leave.
Industrial rent in Miami-Dade
In the third quarter, the average asking rent in Miami-Dade jumped to $14.35 a square foot, compared to $8.84 per square foot during the same period last year. Sustained demand, limited supply, and record low vacancies have enabled landlords to push rents, JLL found.
✔Event
Join us on November 15th to learn firsthand about two international companies entering the US and their solutions for the market and network with the real estate industry.
Free registration www.voaglobal.live/realestate
