Miami Today reported that a Dutch developer is considering Biscayne Bay as the site for a $200 million floating island development with luxury housing, offices, schools, hotels and shopping. The floating waterfront development is described as a fantastic attraction that would mean very high-end real estate.
The highly anticipated new art museum designed by world-renowned architecture firm Herzog & de Meuron is on schedule to open in December. Coupled with the neighboring Patricia and Philip Frost Museum of Science, also underway, these projects are set to bolster Miami’s reputation as an arts and culture destination.
Following summer’s solid growth in room rates and occupancy, South Florida hoteliers from South Beach to the Keys are hoping the holiday will bring a strong start to what is typically a slow month.
In 1973, Brickell was still a sleepy commercial strip with a few high rises. Today, big law firms are split between downtown Miami and the Brickell area.
Whether it’s the sunshine state’s weather, direct flights or the absence of state income tax, the French and Canadians are now the biggest buyers of real estate in South Florida.