Prosperity has deepened affordability challenges for many longtime Miami residents. According to a study, half households spend more than 30% of their income on housing, a common benchmark for financial strain. The county also faces a shortage of more than 90,000 affordable rental units for lower- and moderate-income households.
Coconut Grove offers something many luxury enclaves cannot: discretion. Hidden behind lush landscaping and quiet streets, the neighborhood allows billionaires and high-profile residents to remain close to Miami’s booming financial and cultural centers while maintaining a rare sense of privacy and community.
Expected to begin within the next few weeks, the aging property will be transformed into a 250,000-square-foot open-air retail center. The project is expected to be completed between 2027 and 2028.
A majority of the Vero Beach City Council voted on March 10th to relinquish control of the airport’s parking lots and approved a $243,000 change order for the consultant designing the parking system.
Florida’s tax benefits have made the state an attractive destination for entrepreneurs, investors, and high-net-worth individuals. Miami, in particular, has emerged as a new hub for tech entrepreneurs seeking favorable tax conditions.
Coconut Grove is rapidly morphing into the city’s newest billionaire enclave, fueled by a wave of nine-figure real estate deals.
Island brokers and builders say interest from South Florida luxury buyers has surged, driven by Vero’s relative affordability and its uniquely relaxed, refined lifestyle.
Miami’s economic momentum continues to be driven by solid consumer spending and ongoing construction activity. Growth in the first quarter is expected to exceed national averages, reaching approximately 2.5% to 3%, although lingering economic uncertainties warrant caution.
The 0.91-acre development site at 340 Biscayne Blvd. is approved for an 82-story tower with about 950,000 square feet of sellable space, including 374 condominium units and 120 hotel rooms. The new auction is scheduled for Jan. 28.
The loan will fund One West Twelve Residences (One W12), a 22-story development with 372 units planned at 105 Northwest Eleventh Terrace. The short-term-rental-friendly condo project will feature a mix of studio and one-bedroom condominiums, along with a limited number of townhouse-style units.