The Real Deal, my favorite morning read, reports that the panel of real estate professionals who spoke at last week’s luncheon event presented by the Miami Association of Realtors and the Miami Beach Chamber of Commerce say the next hot spots for Miami-area real estate development include urban locations in and near downtown (not really NEWS if you look at the cranes and construction). Louis Birdman (Birdman real estate development) is most excited about Wynwood and the Miami Design District. Why? With shrinking amounts of beachfront property to develop, Birdman says inland development will be more prevalent. Panelist Harvey Hernandez says what we all know, “The hottest market by far is the downtown Miami area”. Again, look at cranes and construction.
Not mentioned but worthy of it is one of my favorite neighborhoods: the Edgewater area, especially the corridor that dots Margaret Pace Park. The views are spectacular and will stay that way; access to expressways and downtown & Brickell is too simple; walkability to Publix, CVS, a manicure, dog grooming, banks, and the day-to-day needs is great, and The Daily is a GREAT place for lunch! Paramount Bay, Quantum on The Bay, Opera Tower, 1800 North Bayshore Drive, and the Cite are all winners over there.