Condo Sales At Mandarin Oriental’s Miami Redevelopment Hit $1 Billion

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The condominium sales in the South Tower of the two-tower project reached a major milestone by surpassing $1 billion. The 66-story tower is now 50% sold, underscoring the city’s continued demand for high-end real estate.

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Developer Scoops Up Aging Coconut Grove Condos Staring Down Forced Demolition

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chateau grove screenshot_photo credit bisnow 1030x385

As of May 5, 2025, no recertification documents had been submitted, prompting the city’s Unsafe Structures Board to schedule a hearing for May 16 regarding the condo association’s non-compliance.

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Miami Office Sector Vacancy Rate Nation’s Lowest

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According to a recent report, Miami recorded the lowest office vacancy rate among the top 25 U.S. markets in Q1 2025, at 15.5%. Miami also stood out as the second-strongest market in terms of high sales prices.

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Revealed: First Phase Of $1B Miami Project

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rendering of Allen Morris Co's and Black Salmon's proposed Aurea apartments in Miami

The initial component, a residential building named Aurea, will be reviewed by Miami’s Urban Development Review Board on May 21.

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How Can A Product Be Imported Tariff-Free To Miami Without Entering The U.S.? Welcome To The FTZ

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To avoid paying tariffs right away, many companies choose to store products in an FTZ. Technically, the goods haven’t entered the U.S., so no tariffs are due until they leave the zone and are brought into the country.

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