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Sales will launch in late 2023, with prices starting at $3.5 million.

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Miami’s office sector saw the greatest dropoff, registering just $6 million in sales in the first quarter of 2023, compared with $226 million in 2022, a 97 percent decrease.


Between August 2021 and July 2022, foreigners invested US$6.8 billion in the purchase of properties in Miami Dade, which implies an increase of 34% compared to the previous twelve months.


Among other things, the bill grants developers the ability to build the maximum amount of units a local jurisdiction allows – and at the maximum allowed height within a mile of a project’s site – on almost any property zoned commercial, industrial, or mixed-use.

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The only startup hub worldwide that grew faster than Miami over the past five years was Tokyo, according to the ranking.

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Miami has made significant progress in the past decade. The city has established itself as a global hub and a top 10 destination for venture capital investments in startups, diversity, and business formation.

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Lawmakers across the country have sounded the alarm on foreign influence over agricultural production and national security in the U.S., but a Forbes article published in March states that 18 other countries own more agricultural land nationwide than China. 

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HB 1355 and its companion SB 264 would restrict ownership of land and property by those from seven “countries of concern” — including Cuba, Venezuela and Russia — a response to reports of a Chinese company buying farmland next to a North Dakota Air Force base last year.

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Premiums for commercial insurance at the end of 2022 in places like Texas, Florida and California jumped 30% to 50% or more, according to the institute.

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The tower will become one of the tallest in Miami, at 861 feet above ground. It will also be the world’s the first residential high-rise in the world partially powered by the sun with 500 photovoltaic-integrated windows.