North Bay Village is the future
A hidden gem between the beach and the city.
For over a decade no new construction has come up in North Bay Village, mostly due to zoning restrictions. The city changed the restrictions and now the village will undergo the biggest transformation in Miami since the ones in Wynwood and Edgewater.
A couple of projects are competing to be the first to plant their flag in the village soil and lead the way for new real estate in North Bay Village.
Conituum has an enormous track record and Bruce Eichner is a dedicated and focussed developer. Continuum North bay Village will carry on the legacy from Continuum South Beach, two buildings that lay the foundation for what South of Fifth has become on South Beach.
Shoma Bay is a 330 unit project which will bring a food court and a Publix supermarket to the village.
Pagani is building a luxurious residential building which, like its cars feature unique units with the most elegant and unparalleled finishes.
The Sunbeam project will not only bring residential units to the table, but also office spaces and retail and restaurants.
Primary residence or Second home
- Purpose: For those planning to move to or spend significant time in Miami, buying pre-construction allows time to plan the transition. It also spreads out the financial commitment because payments are staggered over the construction period.
- Details: Buying pre-construction also means enjoying new developments with modern safety features, energy efficiency, and community amenities like pools, gyms, and security, which can enhance the living experience.
Maybe you want to a little distance to heavy turist traffic and North Bay Village and Bay Harbor Islands immediately come to mind.
Customization and Modern Amenities:
- Purpose: Pre-construction allows buyers to have more input on interior finishes, layouts, or even specific unit requests if possible. This can be particularly appealing for those who want a home tailored to their taste or for modern living with state-of-the-art amenities.
- Details: Developers might offer customization packages, and buyers can select from various flooring, countertops, and other fixtures before construction begins.
If you would like to upgrade to your own taste and touch, most developers offer collaboration with interior design companies that can costive to your exact taste. It is like you build your own dream home
Rental Income Potential
- Purpose: Miami attracts a large number of tourists, seasonal residents, and business travelers, making it a lucrative spot for rental investment. Pre-construction condos can be bought with the intent to rent out once completed, providing a steady income stream.
- Details: The rental market in Miami can offer good yields, especially in areas like South Beach, Brickell, or Downtown Miami, where there's high demand for short-term rentals.
