Miami, The World’s Center, Attracting Top Real Estate Investors

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The most cosmopolitan city in the world keeps growing and advancing attracting renowned real estate investors and developers like The Forbes Company and Taubman, who want a part of the city of magic.

What makes Miami so attractive to the top players in the Real Estate industry?

Florida has the 4th largest population in the United States at 19.3 million, just behind New York at 19.5 million. Florida will surpass New York in 2014 to become the 3rd most populous state in the U.S. Miami sold more than 12.5 million hotel rooms last year, with revenue per available room ranking only behind New York and San Francisco. More than 1,000 multi-national corporate offices are currently headquartered in Miami. Miami is home to 73 Foreign Consulates, 21 Foreign trade offices and the Largest concentration of domestic and international banks south of New York. Miami International Airport, less than 5 miles west, serves more than 39 million passengers annually – the second leading gateway to the U.S. following JFK Airport. All Aboard Florida will break ground on a $2.5 billion project to build a privately run passenger train between Miami and Orlando beginning operations in 2016. 5 million people are expected to ride All Aboard Florida during its first year of operation. The Port of Miami is the number one cruise terminal in the world, welcoming more than 4 million passengers annually. The Panama Canal expansion opens in 2014 which will allow for increased cargo capacity to the port. American Airlines Arena, a 20,000 person capacity, hosts more than 200 events annually attracting more than 3 million guests. There is more than $5 billion of recent, current and planned construction activity within the immediate vicinity. Zaha Hadid, the first woman to win the Pritzkar Prize for architecture, is designing her first residential tower in the western hemisphere in Miami. Units in the up to 80 unit tower will range from $4 million to the $35 million penthouse units. 

We invite you to take a look at one of the many recent developments that make Miami even hotter and sexier!

Miami Worldcenter

Miami Worldcenter is one of the largest private master-planned projects in the United States, featuring a diversity of urban land use, including retail, hospitality, and residential space. Located in the core of downtown Miami, the ten-block, mixed-use development is situated immediately north of the Central Business District and is surrounded by world-class amenities and boasts convenient access to transportation.

Miami Worldcenter has an unprecedented collection of retail offerings. The Mall at Miami Worldcenter, our signature destination, will feature 765,000 square feet of best-in-class retail, destination dining, and enticing entertainment. The project will be anchored by a 120,000-square-foot Bloomingdale’s and a 195,000-square-foot Macy’s, all in the most accessible site in the region.

Complementing the Mall retail experience is the 7th Street Promenade. It is a pedestrian-only thoroughfare that runs east-west through the southern quadrant of Miami Worldcenter, anchored by the new American Airlines Arena and waterfront on the east. Inspired by the world’s great pedestrian streets, the 7th Street Promenade builds on themes made classic by the 3rd Street Promenade in Santa Monica, the Place de l’Horloge in Avignon, and South Beach’s own Lincoln Road. The energy of the Promenade’s street life will be palpable, with European-style outdoor cafés, bars, restaurants, and boutique retail shops.

Want to claim your piece of the most desirable Miami Real Estate? Contact the experts and true professionals at Atlantic Grand Realty, the hardest working real estate team in South Florida, to secure the best real estate investment of your life!

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