Once known more for agriculture than housing, the Homestead area and surrounding parts of South Dade. are seeing a surge in development activity as land availability in Miami-Dade County continues to shrink.

111-115 NE 40th St. 1030x385

The 5,875-square-foot building, constructed in 2014 on a 5,000-square-foot lot, previously sold for $21.5 million in 2016, reflecting a solid gain in value.

Miami city commissioners are scheduled to vote on a deal that would allow PAMM to continue running the billboard in exchange for at least $500,000 in annual payments to the city and compliance with new restrictions on brightness and operating hours. If approved, the agreement would end a long-standing legal dispute and preserve the high-profile sign.

The UDRB submission for Clear Residences_Image Credit The Next Miami 1030x385

The Expo serves as a platform to tackle global questions about sustainability, resilience, inclusion, and innovation at a time when cities are grappling with climate change, rapid technological shifts, and evolving demographics.

While a rate cut would reduce borrowing costs and may jumpstart some transactions, industry professionals caution that it’s just one component of a complex financial equation.