Despite the ups, downs and legal battles that Airbnb has faced since launching in 2007, hosts in Florida have seen a surge in supplemental income, up 75% year-over-year in 2017. Florida hosts earned a combined $450 million in 2017 and hosts in Miami-Dade brought in $134 million.
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Check-Out Luxurious Biltmore Parc Which Just Opened In The Heart of Coral Gables
On December 4th MG Developer officially cut the ribbon and opened Biltmore Parc to residents. Located at 718 Valencia Avenue, the 5-story boutique condo project brings 32 luxury residences to the heart of Coral Gables. More than 200 guests attended the grand opening event including Coral Gables Mayor Raul Valdes-Fauli.
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Will Van Der Vlugt Lists His Kobi Karp-Designed Contemporary Mansion For $22 Million
Dutch film director Will Van Der Vlugt has listed his Kobi Karp designed mansion for $22 million. The waterfront contemporary estate features 21,233 SF of living space spread over 5 bedrooms and 8 bathrooms. The home blends indoor and outdoor living, bringing Biscayne Bay into the residence
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Barneys New York To Open First Florida Location As Anchor At Bal Harbour Shops $400 Million Expansion
Barneys New York has announced that they will open their first Florida location as one of the anchor tenants at Bal Harbour Shops $400 million, 350,000 SF expansion. The location will span 53,000 SF and will include the popular Freds at Barneys New York restaurant.
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$65 Million Star Island Mansion Originally Built By Carl Fisher Heads To Auction January 31
The $65 million Star Island mansion that was previously held the title of being the most expensive property for sale in Miami will be heading to auction without reserve on January 31 after a month long marketing period. The auction will be conducted by Concierge Auctions in cooperation with listing agents Alexa Iacovelli and Mirce Curkoski of ONE Sotheby's International Realty.
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Alco International Group Breaks Ground On Adagio Fort Lauderdale At 30% Sold
Alco International Group has broken ground on Adagio Fort Lauderdale located at 435 Bayshore Drive. The waterfront building is designed by GS4 Studios with interiors by Steven G and will rise 10 stories on the Intracoastal. The project is reportedly 30% sold and features 31 residences which range from 2 to 4 bedroom layouts.
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Central Fare Food Hall Coming To MiamiCentral Announces Delayed Opening Until Spring 2018
New renderings have been released of Central Fare, the new food hall coming to MiamiCentral in Downtown Miami. Central Fare had originally planned to open in the Fall of 2017, a date which has since been delayed until the Spring of 2018 as MiamiCentral powers towards completion.
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University Bridge Developers - Oskar Johansson, Brian Pearl, Diego Procel, & Bernard Luttmer
University Developments Unveils The Sales Gallery At University Bridge Residences
University Developments has officially unveiled their sales gallery after hosting a celebration in honor of the milestone on December 14, 2017. More than 150 of Miami-Dade’s leading real estate brokers, VIPs and community leaders joined the development team at its unique dome-shaped, contemporary sales center in welcoming Miami’s first student housing condominium
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Dave Howard, CEO of Brightline
Brightline Locks Down Final Approvals For Phase 2, To Begin Construction To Orlando In 2018
Brightline can finally begin construction on Phase 2, their new line of tracks to Orlando after gaining federal approval from the U.S. DOT for the transit line. Construction on Phase 2 is expected to kick off in early 2018. Service is expected to soon commence between Fort Lauderdale and West Palm Beach, adding service to Miami soon after.
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MEC Development Associates & B Developments Locks Down Construction Financing For Casa Grove, To Break Ground In January
MEC Development Associates and B Developments plan to break ground on Casa Grove in January. The developers who are developing the project as a joint venture recently locked down a $27 million construction loan for the approved luxury apartment tower from Israeli lender Bank Hapoalim (BHI).
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