After months of trying to sell the property with no success, county commissioners just voted to put the courthouse up for auction sometime next year. Officials had pitched the historic building as a prime opportunity for redevelopment — a potential mix of apartments, hotel rooms, and office space.
Mamdani’s platform includes a proposed 2% tax increase on New York City’s top 1% of earners — those making over $1 million annually — to fund initiatives such as rent freezes, free public buses, and city-owned grocery stores. The candidate has also stated that “billionaires should not exist.”
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.
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.
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.
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.
The proposal calls for 975 residential units, 528 hotel rooms across two towers, 107,000 square feet of retail and 2,490 parking spaces.