In 2025, Miami-Dade County’s commercial sales volume rose 30%, led by strong growth in the multifamily sector, where foreign investors are playing an increasingly significant role.
The property is currently available for sale or joint venture partnership.
Mana has focused on restoring historic structures and funding the $30 million Flagler Street streetscape improvement project, now nearing completion.
This two-phase, multi-tower project will transform a five-acre site in Midtown, linking Wynwood and the Design District, with residences, offices, retail, dining, parks, and a major racquet and padel club.
At full build-out, Midtown Park will feature six towers, including four residential buildings and two office structures.
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.
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.
All 266 units have been purchased, despite the building not being scheduled for completion until 2028.
The joint venture intends to transform the existing condo building located in South Beach into a luxury residential tower overlooking Biscayne Bay.
The proposal calls for 975 residential units, 528 hotel rooms across two towers, 107,000 square feet of retail and 2,490 parking spaces.