Here are the descriptions of popular areas in Miami where most pre construction projects are: Scroll down for a description and pictures of the five main areas:
1 Aventura, Sunny Isles and North Miami
2. Bal Harbor and Bay Harbor Islands
3. North Bay Village and Miami Beach, including Fisher Island
5. Downtown, Brickell and Coral Gables, including Coconut Grove
In north Miami Dade county you will find Aventura, Sunny Isles and North Miami.
Aventura caters to people who enjoy a high end lifestyle with wellness and activities as tennis and golf. Aventura Mall is one of the countries most exclusive malls with fine dining and high end stores and attracts people from around the world.
Sunny Isles is on the water and with prestigious communities like Armani Casa Residences and soon the Bentley will be completed just to mention a couple of high end buildings among many. Here, the sand and surf are not just a backdrop but a way of life, with residents and visitors alike enjoying everything from serene sunbathing to thrilling water sports and fishing on the famous Newport Fishing Pier.
Stepping into North Miami, you find a community that celebrates diversity and creativity. The Museum of Contemporary Moderns Art here is a cultural gem, showcasing thought-provoking exhibitions that engage the community. The city's laid-back vibe contrasts with its neighbors, offering a more family-friendly environment with parks like Greynolds providing ample space for outdoor activities. Housing in North Miami varies from historic homes to modern developments, catering to a wide demographic. The culinary scene is a culinary journey, where Caribbean, Latin American, and American flavors fuse. Education is also a priority, with institutions like Florida International University fostering academic growth.
Aventura Demographics: Seniors, Families, Professionals
Lifestyle: Wellness, casual.
Pre Construction Projects: Few, Luxury
Investment Climate: Long term
Sunny Isles Domographics: Families, seasonal
Lifestyle: Active, Beach, Water
Pre Construction Projects: Few, Luxury
Investment Climate: Longterm
North Miami Demographics: Families, Young professionals
Lifestyle: Family Oriented
Pre Construction Projects: Few
Investment Climate: Long Term, Medium Term. Up and coming.
On the northern tip of the island that is home to Miami Beach, you find Bal Harbor, Bay Harbor Islands and Surfside.
Bal Harbor is probably one of the most exclusive areas of Miami, featuring Bal Harbor Shop with its high end shopping an dining opportunities on one side and communities on the sand facing the Atlantic Ocean on the other side. The newest addition to the real estate is the Rivage, a project which is in the super luxurious segment. Bal Harbor remains a place for enjoying life to the maximum.
Bay Harbor Islands just next to Bal Harbor is going through an intensive transformation with eight new projects coming up. The islands cater to a life on the water ina domesticated area in serenity.
Bal Harbor Demographics: Mature-Senior, wealthy
Lifestyle: Retracted, comfortable
Pre Construction Projects: Few
Investment climate: Long term
Bay Harbor Island Demographics: Traditionally families, now adding young professionals and wealthy people.
Lifestyle: Boating, water, family activities
Pre Construction projects: Many ranging from moderate priced to high end
Investment climate: Some oportunities, Long term
North Bay Village is nestled between the mainland of Miami and Miami Beach and calls it self The Heart Of The Bay. There is not much there now, a pizzaria, two restaurants, and a Presidente Supermarket. But investors foresee a bright future for North Bay Village and multimillion properties are planned and taking deposits. Pagani, the car company is involved in a project that starts at $2.4 million per unit, a 333 unit condo building is coming up and legendary Continuum is planned to break ground in a month. NBV is the new hot spot..let's see.
Miami Beach is a large area that does not fall under one category. Obviously the beaches are the focal point but where there is opportunities to secure a moderate priced unit in North Beach, South Beach is the center of high end investments. Miami Beach is the iconic and legendary place that assembles attention from all over the world with exhibitions, festivals and shows mainly in the high season from November to May.
We include Fisher Island in this overview. The island is its own luxury enclave with super strict security and access limited to the few with considerable assets. Fisher Island is just 216 acres but still has its own zip code, a 9 hole golf course observatory, marina and many restaurants. The amenities have been greatly updated over the last decade and a new development has broken ground.
North Bay Village Demographics: Mix of working families and upper class family homes
Lifestyle: Family oriented
Pre Construction Projects: Many with some high end projects
Investment climate: Mid to long term, as the village profile is changing.
Miami Beach Demographics: Transitional, seasonal, some family areas and many vacation homes spots.
Lifestyle: Everything from all vacation activities, high end restaurants and excellent service
Pre Construction projects: Moderate activity but smaller projects.
Investment climate: Some opportunities, mostly lon term.
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Edgewater is located on the mainland between North East 15 Street and North East 36 street and has seen an impressive transformation over the last decade. The location on the water and the easy access to the beaches on one side and to the highway on the other side makes Edgewater conveniently located. The area is wildly popular and in very close proximity to Midtown and Wynwood. Gourmet dining, wine bars, art exhibits and just a vibrant living style attracts investors and developers.
Wynwood was not a safe area 20 years ago, but it has gentrified and is now exploding in an urban atmosphere filled with nice restaurants, micro breweries, art, popping cafes and international atmosphere. Now, that Wynwood has proven itself as an area that is stable and not just a tendency, more developments pop up.
Edgewater Demographics: Professionals, young families.
Lifestyle: Family oriented
Pre Construction Projects: Many with some high end projects
Investment climate: High end mid to long term.
Wynwood Demographics: Young professionals, transitional.
Lifestyle: Urban city living
Pre Construction projects: A few good projects coming up.
Investment climate: Good opportunities for short term investments
Downtown Miami is reshaping and the center piece of the facelift is the World Center, featuring stores and restaurants. Many new projects are being developed in Downtown and several are sold out even before breaking ground. Big tech companies are opening offices in Miami attracting professionals to move to the city.
Downtown Miami is the most active area for new and planned pre construction projects closely followed by Brickell
Brickell has been an area best know to homes of offices like attorneys and banks, but a building boom is revitalizing the area. Brickell extends to the south of the inner city and new prestigious projects on the water have broken ground.
Coral Gables and Coconut Grove are residential neighbors and this area of Miami has its own identity which is different from that of Miami. The feeling of Coral Gables and Coconut Grove is Spanish colonial style architecture mixed with modern city buildings with elevated profiles.
Downtown and Brickell Demographics: Professionals, corporate officers, executives.
Lifestyle: Big city life, nightlife, restaurants, entertainment.
Pre Construction Projects:
Investment climate: Strong with good opportunities .
Coral Gables and Coconut Grove Demographics: Families, young professionals and some seniors.
Lifestyle: Village/ town living, abundance of activities. Scarse nightlife.
Pre Construction projects: soem projects, more planned. One very exclusive.
Investment climate: Long term
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