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Manny Ingco's Blog

By Manny Ingco | Agent in Pembroke Pines, FL

Downtown Miami 2011 Mid Year Review


 

While Downtown Miamihas grown significantly in recent years, 2011 has been an amazing year for Downtown Miami. Many foreigners have decided to invest in the area just across from Bayfront Park and American Airlines Area. The addition of the Lebron James and Chris Bosh to the Heat has brought significant press to the area and highlighted the improvements made to Downtown.

 

Epic Miamiopened in the beginning of the year and while there have been sales in this ultra premium luxury condo, there are several units that can be brought at great value. Buyers in Epic Miami can enjoy resort luxury amenities overlooking the bay.

 

The sister buildings of Ivy, Wind, and Mint Miamicontinue to have strong rental activity as professionals move into Downtown Miami. Mint recently opened to the public continues to amaze the public with one of the most amazing lobbies in Miami. Many renters have been discouraged by the no pets policy for renters in these buildings.

 

Many building such as The Loft and the Loft IIcontinue to experience foreclosures and short sales, however, many investors are quickly buying these properties as they present good cash flow opportunities with low initial investment.

 

The Vizcaynewhich was once known as Everyglades on the Bay continues to have strong sales as reported by the developer. The Vizcayne penthouse units are considered to be some of the most luxurious units in all of Downtown Miami. These penthouse units should soon be released to the public.

 

Across from the American Airlines Area, the condo buildings of Marquis, Marina Blue, Ten Museum Parkand 900 Biscayne Bayhave received significant press as they become sold out. Several well known celebrities are rumored to have recently brought in the building including Dwayne Wade, Lebron James, and Drake.

 

·     Downtown Miami Communities

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