The year is coming to an end, alongside with some long awaited events! It is also time to look back at Miami's performance in real estate as compared to its global neighbors.
HOW MANY SQFT DO YOU BUY WITH $1M?Based on the past year's figures, we have made a comparison between the main big cities worldwide to see where it is the most affordable to buy a luxury condo. Bingo! Miami comes first!
Indeed, it shows that for $1M, you can only buy 180sqft in Monaco whereas you can own a comfortable 700sqft unit in Miami for the same price! That makes an average of $1420/sqft for a luxury residence, which is definitely an easy way to enjoy a such lifestyle! Investors should converge from all over the world. So far, the top buyers in Miami have been coming from Brazil, Colombia and Canada for the most part but also from France and the United Kingdom, realizing that the prices in Miami are far lower than the ones in Paris and London! What are you waiting for to purchase a condo in Miami? Prices might go up as Miami is becoming a bit more of a global go-to destination everyday.
CINEMEX
Hong-Kong developer Swire Properties, best known for bringing Brickell City Centre to Miami, now has Cinemex open its first U.S. cinema. It will be located at the Miami mixed-use development of Brickell City Centre which is yet another residences/mall/business center project!
Starting in 2016, Cinemex will operate a 35,677sqft dine-in cinema within Brickell City Centre. It is actually a partnership between the chef of Mexican restaurant Biko and Mexican mixologist Mica Rousseau. The theatre will be equipped with 622 seats and will provide customers with the possibility to watch movies from 11 viewing rooms. The design is handled by Miamian Loguer Design.
Mexico-based Cinemex is the 6th largest cinema chain in the world. It's good news that it is coming to Miami to contribute to the enhancement of the Magic City!
SIENA TAVERN
Siena Tavern Miami is actually the second location of the Chicago-based restaurant. It is replacing China Grill in a fabulous 10,000 sqft space. The decoration is definitely edgy and inspired by a vintage open-kitchen style.
This new Miami Beach's South of Fifth dining scene brings sophistication through the cuisine of chef Viviani and excitement at the upbeat vibrant bar. The perfect combination to enjoy a social and comfortable dinner! The restaurant definitely has room for you as it comes along a 250-space parking lot!
I had a cocktail and small bites of crudo at the bar!
Located at the corner of Washington and the 4th street, it is about to become one of the best address of South Beach.
ART BASEL
The most awaited time of the year has arrived! Starting this Friday, Art Basel will stage the world's premier Modern and contemporary art shows in Miami Beach! This is a week to celebrate the promotion of visual arts in art galleries. Not only does it show exciting works by world-renowned artists, Art Basel is always innovating, thus expanding its platform for new artists who represent the vanguard of the visual arts. Art Basel is the best place for the art world to meet.
This year, Art Basel has signed a partnership with Kickstarter, which is a funding platform for creative projects, to support global non-profit visual arts organizations. Meet the 250 galleries that are exhibiting this year and merge among the 70,000 art lovers that are coming the long way to attend Art Basel!
The catalog has already been released. Have a look to pick the perfect piece of art to decorate your condo! http://www.artbaselmiamibeach-online.com/en
HUGO
A special welcome to our new addition to the team. Finally, some testosterone! Customers will benefit from his expertise in both commercial and residential real estate! Thanks to Hugo Barrangan, Broker Associate, Condoideas is broadening its scope and range of activities!
BRICKELL HEIGHTS SECOND TOWER
Brickell Heights already are one of the most sought-after new addresses in Greater Downtown Miami.
The second tower of Brickell Heights is about to be launched, located on 9th street and South Miami Avenue. The condo will offer luxury residences in the heart of it all! The Brickell district is indeed rapidly becoming one of Miami's metropolis of the future, at once close to commercial hubs and in close proximity to the cosmopolitan amenities of the greater Miami area. The condominiums of Brickell Heights promise to provide an enviable central access to all that is Miami.
Keep an eye on this condo as 1 bedroom will start from $300,000, 2 bedroom from $500,000 and 3 bedroom from $700,000.
If you are between 25 and 40, have an active lifestyle, like sports and enjoy city living, you could become the new face of Brickell Heights, but above all, you would find this new condo perfect for your lifestyle!
Feel free to contact us for more information about floorplans, renderings and availabilities!
DEAL OF THE MONTH: ONE MIAMI 2315
