Miami Beach Developers Add Condos, Flooding Fixes in Response to “Atlantis” Threat
by Sep Niakan | February 28, 2014
A recent Rolling Stones article predicted that the city of Miami would be underwater in a matter of decades, according to trends in Global Warming statistics.
To counter the real possibility of rising sea levels endangering real estate in Miami Beach, the Miami Beach commission has voted to implement specific flooding fixes that will cost the city about $200 million. These fixes include adding 40 pumping stations and changing the tidal level for planning from less than 1 foot to about 2.7 feet.
These fixes will be applied to 21 new condo towers that developers are proposing in 2014, totaling more than 1,150 condo units. Since the 2007 real estate crash, property prices and sales have generally been on the rise, and developers are taking advantage of the bullish housing markets to bring business to an area threatened by rising sea levels and the loss of population toward Miami’s city center.
by Sep Niakan | September 27, 2016
Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...
by Sep Niakan | September 26, 2016
Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...
by Sep Niakan | September 23, 2016
The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...