Game Changing Projects in Miami – Bickell City Centre

The Miami New Construction Show had a very strong lineup of prominent South Florida developers and other leading real estate professionals who appeared as panelists and shared their upcoming projects with us. Among those panelists was Gonzalo Cortabarria a brilliant developer with marvelous plans to come.

Gonzalo Cortabarria is the Senior Vice President of Swire Properties (Brickell City Centre) in Miami. And well of course his area of focus is non other than Brickell. Mr Cortabarria is currently working on a $2.3 million development called the Brickell City Centre. A massive undertaking; a project that started nearly two years ago which should be completed by the end of 2015.

Brickell City Centre will stretch across 9.1 acres in the financial district and will include two condominium towers, two office buildings, a hotel and roughly 520,000 square feet of restaurants and retail space. The shops will also feature a $30 million “Climate Ribbon” designed to keep customers cool.

I realize that this is quite a lot of information  and an awful lot of huge numbers so i will try to break it down a bit. As i stated before this is a $2.3 billion project with 5 million sq ft of construction with 2 levels of underground parking (which is is HUGE thing because of the level of water being so low in Miami it is very expensive to get done), it took them a whole year to get out of the ground. The first tower is said to be about 82 stories tall and the 2nd tower is estimated to start in 2017 and to be built by 2020.

The project is an environmental conscious design, pedestrian friendly, metro station mover and a piece of art. It is said that one will be able to come from the airport directly to the city without having to touch the ground or drive.

 

Miami Real Estate History Booms

By Araceli Villanueva

Miami the Global city, Miami the international city, Miami the refuge for spring-breakers, Miami has the best beaches, and the sun shines so bright! Miami is the place to be.

Miami is indeed a city of greatness! But did you know how it all started? Did you know that Miami started booming since 1896 and has not stopped since then? Sure there were some setbacks at times but none of them kept the city down for as long as everyone anticipated.

Today’s blog is a little history lesson about Miami’s historic BOOMS. Real Estate wise this is the city to invest this is THE CITY!

Below are some major  events in bullets points. This is great information that i had the opportunity to learn from the Miami New Construction Show 2015 and i must share with you.

History of real estate booms in Miami and their impact on today’s neighborhoods and municipalities

By Dr Paul George-Historian Professor

1896

  • 1896 Incorporated Miami gest incorporated by Henry Flager (he brings the train rails to connect FL to the rest of the country)
  • Tourism starts flowing to South Florida
  • National Prosperity
  • Foreign Investors
  • Extension of Everglades

1910 – 1920

  • Population boom 400% growth (1910-1920)

1914 – 1916

  • The construction of Viscaya set the stage for growth in Miami
  • Engage 10% of population workforce

1920’s HUGE BOOM

  • Huge RE boom makes Miami an emerging metropolitan

1925 (THE BOOM) late summer

  • Most talked about financial development
  • Coral Gables, Miami Beach new cities created by developpers
  • Coral gables sold about 100k in property lots
  • First suburbs
  • First skyline
  • Was put in the news for the first time
  • “Binder Boy” Professional speculators. Would sell real estate on the streets as if it was candy
  • Miami Herald had the biggest advertising section of any newspaper in the world 88 pages regularly
  • Miami Daily put out a special edition containing 504 pages
  • Lots of permits were open
  • Miami shores was created late 1924 sold about 75k in property lots
  • Federal Income Tax created to pay for the entire value of the transaction

1926

  • Hurricane sets back the boom

1930

  • Population growth

1935 (BOOM)

  • Miami Beach Art Deco buildings lots of tourism brought this part booming again after the WWII there was another boom. Many soldiers moved here after the war.
  • Especially: Miami beach, south beach, mid-beach up to 40th street
  • Miami beach was among top 10 cities In the USA who built great profits
  • Unionized workers were getting paid vacation for the first time

1940’s

  • Florida grew by 72%
  • Greater Miami population growth by 87%
  • RE Boom
  • Explosive growth of suburbs
  • Hotel Constructions: Fontaine Blue
  • FPL was created in 1946 in Miami

1950’s BOOM

1980’s

  • Brickell was created (it used to be a residential (houses) neighborhood)
  • For the 1st time foreign national money was very important to develop Miami

2002 BOOM

  • Speculative more than any other area and time in the real estate history
  • Easy lending guidelines
  • Foreign national buyers
  • Downtown Miami has the 3rd most dense skyline after NYC and Chicago

2011 BOOM

  • Foreign Nationals buying all condo’s
  • Miami River revival
  • Little Havana
  • Wynwood
  • Design District
  • Revitalization of the old neighborhoods 3-4 years ago
  • An article at the Miami Herald said:
    • Miami is more of an international city now than ever before

Longest & Shortest booms in Miami

  • Longest boom 1946-1958
  • Shortest boom: Art Deco boom
  • Also the 2007-2011 is really short

I truly hope that this little history lesson not only was informative but also opened up your eyes about the many investing opportunities that the city of Miami offers as it is constantly BOOMING, and evolving non-stop.

Miami Lidera La Inversión De Compañías Globales En El Estado

Con el porcentaje mas bajo de desocupación de espacios comerciales, Miami es líder en el estado de la Florida.
Miami, Fl – Según el reporte de las tasas de desocupación de locales comerciales de Miami, las cuales son las mas bajas de la Florida, esta ciudad continua liderando la inversión de compañías globales y de empresarios que quieren vivir y trabajar en una ciudad de clase mundial, de acuerdo a la Asociación de Realtors® de Miami.
“Como una de las principales ciudades globales del mundo, Miami se ha convertido en una plataforma de lanzamiento para las nuevas industrias”, dijo Barbara Tria, la Presidenta Comercial 2015 de la Asociación. “Las empresas de tecnología y otras empresas se están moviendo a Miami en gran medida debido a la oferta cultural de primer nivel de la región, el estilo de vida al aire libre y un precio asequible en comparación con otras grandes ciudades de todo el mundo.”
Mercado de Oficina
Con un 14.9 por ciento Miami se ubica en el 21 lugar mas bajo de oficinas desocupadas de las 82 principales ciudades de Estados Unidos, según el informe de NAR y Reis. Nueva York es líder nacional con el 8.9 por ciento. A nivel estatal, la tasa de desocupación de oficinas de Miami está funcionando mejor que las principales ciudades de la Florida.
Con 33.700 nuevos puestos de trabajo desde abril de 2014 a abril 2015, Miami tuvo el tercer mayor aumento de empleo en la Florida detrás de Orlando y Tampa. La tasa de desempleo de Miami desde abril del 2014 a abril 2015 disminuyó en 0.7 puntos porcentuales, hasta el 6.2 por ciento desde el 6.9 por ciento.
Mercado Industrial
La tasa de vacantes para el sector industrial de Miami es del 5.3 por ciento, el tercero más bajo en la nación entre las 82 principales ciudades estadounidenses. Sólo el Condado de Orange (Calif.) y Los Ángeles estuvieron por encima de Miami en el sector industrial en mayo, registrando tasas de desocupación de 3.4 y 3.6 por ciento, respectivamente. Otras ciudades metropolitanas de la Florida tuvieron los siguientes porcentajes: Fort Lauderdale (8.2), Jacksonville (6,9), Orlando (10,3), Tampa / St. Petersburg (7.8), y Palm Beach (5.5). El promedio nacional es de 8.4 por ciento.
El Aeropuerto Internacional de Miami y el Puerto de Miami son dos de los éxitos internacionales del comercio del sur de Florida. En la clasificación Nacional, el Aeropuerto Internacional de Miami se ubica como el aeropuerto más importante para la carga internacional, y el noveno mejor para carga exterior en el mundo. En el 2013, el Aeropuerto Internacional de Miami manejó un total de 2.1 millones de toneladas, de los cuales el 88 por ciento era carga internacional.
Mercado Minorista
Miami tiene la 15a tasa más baja de locales comerciales de minoristas entre las principales ciudades de Estados Unidos, según el informe de NAR y Reis. Con 6,3 por ciento, Miami se ubica por encima de otras grandes ciudades de la Florida como Fort Lauderdale (9,3 por ciento), Jacksonville (12,9), Orlando (11,0), Palm Beach (9.5) y Tampa (10,6). El promedio nacional es de 9.6 por ciento.
El turismo de Miami y la base de empleo multilingüe son una de las dos razones por las cuales los principales desarrolladores están trayendo nuevas empresas al por menor para la región. A principios de este año, la compañía que posee y dirige el centro comercial más grande en América anunció planes para construir el centro comercial más grande de la nación, en el noroeste de Miami-Dade; un complejo de entretenimiento de 200 acres aproximadamente, con submarinos, un parque temático de Legoland, leones marinos y una pista de esquí artificial. Se prevé que la construcción de American Dream Miami costará $4 mil millones de dólares.
Brickell City Centre y el centro comercial de Miami World Center son otras dos empresas minoristas importantes de Miami. Brickell City Centre entregará 565 mil pies cuadrados de espacio comercial anclado por Saks Fifth Avenue a finales de 2016. El centro comercial de Miami Worldcenter, en el corazón de la ciudad, completará 765,000 pies cuadrados de espacio para restaurante, locales comerciales y de entretenimiento, el cual estaría listo para el 2017.
Mercado de Viviendas Multifamiliares
La tasa de desocupación para el mercado multifamiliar de Miami está empatado en el 38vo entre los 82 principales áreas metropolitanas de Estados Unidos, según el informe de NAR y Reis. Con 4,4 por ciento,  la tasa de vacantes multifamiliar de Miami es la más baja en el estado. Fort Lauderdale (5.2 por ciento), Jacksonville (7.0), Orlando (6.1), Palm Beach (5.6) y Tampa (5.0) todos tienen tasas más altas. El promedio nacional es de 4.3 por ciento.
Fuente: http://www.realestatehoy.com/noticias/miami-lidera-la-inversion-de-companias-globales-en-el-estado.html

Unsecured Business Line Of Credit at 0% – Stated Income – No Collateral – up to $200k

BUSINESS LOANS / FUNDING

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  • Perfect for Real Estate Agents who want to invest in their business for marketing purposes or buy properties with cash on hand from the business line of credit.
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Please send the application to: Araceli Villanueva / Business Loan Manager at: AraceliHomeLoans@gmail.com