Category Archives: Real Estate

Miami Real Estate Gaining Momentum

Despite real estate prices falling in many parts of the country, the Greater Miami real estate market in August posted gains in both volume and median prices for single-family homes.  The Miami Downtown Development Authority reports that the area is experiencing growth, and the population should surpass 100,000 by 2021. [1]

Ocean Drive Magazine reports on some of the reasons that the Miami real estate market continues to thrive, including speaking with Ugo Colombo.

One of the reasons is that international buyers are interested. Miami is more accessible by air, and strengthening currencies in some countries gives international buyers more purchasing power.  Ugo Colombo told Ocean Drive that he’s seeing buyers from Latin America, Europe, Turkey and even Kazakhstan.

Of course, the best thing about the Miami real estate market is that it’s in Miami. Between the weather, beaches, and the lifestyle, Miami is a great place to live.

Read more at https://oceandrive.com/why-miami-real-estate-continues-to-thrive

[1] http://www.miamidda.com/business_research_current.asp

Ugo Colombo’s Brickell Flatiron Retail/Restaurant Space Under Contract

Part of Ugo Colombo‘s under-construction Brickell Flatiron building located at 1001 South Miami Avenue in Miami includes 24,800 square feet of retail and/or restaurant space on the ground floor.  The rest of the building will house 549 condo units, and construction is expected to be completed by 2019.

The retail/restaurant space is now under contract for $22.5 million by Elysee Investments, a firm which owns and manages a portfolio of commercial properties in both
New York and South Florida.  The space includes high ceilings and will be attractive to some of the best restaurants in the world.

The Brickell area is seeing an infusion of new shops and restaurants, between the Brickell Flatiron space, Brickell City Centre, and other properties. Ocean Drive magazine says that “Brickell is now, unequivocally, the center of Miami. It is the heart of the city’s financial, residential, and soon, commercial, universe.”

Ugo Colombo’s Brickell Flatiron RetailRestaurant Space Under Contract

Read more at http://therealdeal.com/miami/2016/08/16/ugo-colombos-brickell-flatiron-retailrestaurant-space-under-contract-for-22-5m/