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Atlantic Pacific, Boardwalk Take Two Different Stances on Miami Apartment Investments
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The coworking firm said in court filings it would exit its 429 Lenox Ave. location in May, but a WeWork spokesperson said it hoped to reach a deal to stay.
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Developers in Miami are converting planned apartment towers into condos as rents peak and lenders sour on multifamily projects.
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Sonesta International Hotels and Mint Developers launched plans for an $850M residential and hotel project that will be 82 stories tall.
The luxury condo market in Miami has seen an influx of luxury brand which are further driving the already high prices
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The United States Grand Prix in Austin last year drew 400,000 visitors and $350M in spending, and now Miami is getting in on the action with a 10-year contract.
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These new-to-market tenants are driving rates “exponentially” higher, creating a substantial supply-demand imbalance.
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The exit is the latest false start for a city that has been trying to grow its tech roster. Its space was quickly snapped up, a sign of office market strength.
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Michael Shvo's development firm is down to four South Florida employees as it attempts to go vertical on the construction of two luxury projects in Miami Beach.
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Days into Russia’s invasion of Ukraine, CRE experts say it will have little effect on Miami's condo market.
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