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.
HueHub’s early phase will prioritize those serving the community. The 3,000 reserved units will be offered to teachers, nurses, police officers, and firefighters, with fixed pricing guaranteed for 10 years.
For now, however, the mood is cautious. Developers who expected a seamless run of rent growth and cheap financing are recalibrating — or cashing out.
Some home buyers are acting with urgency, spurred by concerns over potential policy changes in New York. These individuals are not merely speculating on the market—they’re planning to make Miami their new home.
ULTRA Club Midtown will feature 11 padel courts, 3 courts for children, a vibrant food and beverage hub, and a range of community programming designed to engage residents and visitors alike.