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.
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.
This sale marks a lucrative exit for the sellers, who bought the tower about seven years ago for $248.5 million.
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.
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.
Current zoning allows for more than 3 million square feet of development and permits towers reaching up to 1,049 feet — potentially among the tallest in the region.
If this momentum holds, Miami-Dade is on track to surpass last year’s investment totals, marking its third consecutive year of growth.