South Florida On The Market

Miami is one step closer to getting the biggest mall in America, American Dream Miami. Yesterday, Miami-Dade’s Planning Advisory Board voted 11-1 to recommend approval. The final step is approval of the County Commission, scheduled for a vote in May 17. In April, developer Triple Five submitted an initial development plan that reveals just how massive the project is. It will include: 3.5 million square feet of retail (more than any other American mall) 1.5 million square feet of entertainment 1.2 million square feet back-of-house 2,000 hotel rooms Three structures on the property will rise 500 feet, which is roughly the equivalent of 50 stories. The hotel tower, a Ferris wheel, and an indoor ski slope all will rise to that height. the next miam i

An idea floated; a thought made real. A place bound by land and sea, but rising free of both. Located on the edge of parkland and Atlantic Ocean, Eighty Seven Park creates a fresh dialogue with the vibrant community of Miami Beach. Seventy elegant homes that speak of light and air, designed by an architect with a poetic touch. It’s an elemental approach, bringing together architecture, design and the natural landscape. It’s a collaborative approach too; developers Terra and Bizzi & Partners Development and their creative team sharing a passion for the city and a belief in the transformative power of good design. For Renzo Piano, Pritzker Prize-winning architect who lives and breathes his art, there’s a serenity to be found in the tension between sky and earth. A serenity that Eighty Seven Park captures so eloquently. Eighty Seven Park is more than a building, it’s a landmark for Miami Beach, the first residential building in the US by master architect Renzo Piano. Home to 70

A company controlled by Miami investor Ricardo Caporal paid $5 million for a development site near Miami’s Westchester neighborhood, property records show. AmeriLumber Hardware & Building Material Inc. sold the 1.37-acre property on Bird Road and Southwest 70th Court to Altis Ludlam Miami LLC. The lot is just north of a development site owned by a self-storage company and west of the proposed Ludlam Trail, a 6.2-mile trail intended for cyclists and pedestrians that has yet to be built. Caporal, founder and president of the Mattoni Group, declined to comment about his plans for the site. In November, Mattoni paid $10.5 million for commercial units at 1010 Brickell Avenue. The Brickell-based private equity group also invested in a handful of apartment projects in West Miami that were geared toward young professionals and working families. by:Keith Larsen

Trying to buy a home when you are up against the clock is stressful. If you are renting and on a lease, it can feel like a ticking time bomb: Are you going to be able to find a house and get an accepted offer or should you re-up your lease for another year? For first-time home buyers, the pressure is on and you don’t want to end up on the streets. Sometimes a lease break is inevitable if you land your new home earlier than anticipated. But, how can you get yourself off the hook without losing your shirt? First off, you should never take a lease-break lightly. Leases are binding documents and in many states they are very strictly enforced, meaning your landlord could take you to small claims court to collect missing payments. There are no guarantees that your landlord will let you off scot-free, but it’s worth a shot! How to Break a Lease When You’re Ready to Buy As a landlord myself, I have seen seen hundreds of tenants come and go. My advice to any renter is to first try an

U.S. housing became less affordable in the first quarter and the cost of carrying a mortgage could increase by the end of year – making 2018 affordability more challenging than it's been in decades, according to the Spring 2018 edition of The Housing and Mortgage Market Review (HaMMR).   The report found that U.S. housing affordability worsened by 5 percent in the first quarter of 2018, and authors predict that the monthly mortgage payments needed for home purchases could go up another 10-15 percent by the end of the year. For homeowners, there's good news in the report: Home values are expected to continue to appreciate.   According to the latest quarterly Arch MI Risk Index, a statistical model based on leading housing market indicators, the average probability of experiencing home price declines remains unusually low at 5 percent. The shortage of homes for sale means that the likelihood of local housing busts – or even mild price declines– over the next two years is

#EllimanMag ’s Spring/Summer issue celebrates the warmth of the season. Inside you’ll find #Elliman ’s extensive portfolio of luxury resale, new development and rental properties. Pick up your copy at any DE office location or sales gallery today! #ItsTimeForElliman pic.twitter.com/xx2u5i8Ooo — DouglasElliman (@DouglasElliman) April 12, 2018