Miami Condo Market and Lifestyle Updates
Miami Beach Developers Add Condos, Flooding Fixes in Response to “Atlantis” Threat

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.

 

Source: rollingstone.com

Photo credit: Pumping stations wikipedia.comMiami - wlrn.org

Recent posts

Opinions and Advice

Miami Pre-Construction Frequently Asked Questions

by Sep Niakan | May 22, 2017

How much is the fee to have a knowledgeable and licensed Miami real estate broker help me select the right property? How much of my money does developer use during construction? What are the penalties if I decide to cancel my pre-construction...

Opinions and Advice

Comprehensive Guide to Buying a Pre-construction Property or Condo in Miami

by Sep Niakan | May 22, 2017

Why You Need to Read This Miami Pre-construction Condo Guide Miami Pre-Construction Phases How to Negotiate the Best Miami Pre-Construction Deal How to Finance Pre-Construction Property Closing Costs for Pre-Construction...

Lifestyle

Save the Date for these Stellar June Events in Miami

by Sep Niakan | May 20, 2017

With summer here, Miami turns up the heat with the hottest events lining up for the month of June. You can find a new way to spend each day, whether it's catching up on international cinema, going on a food-eating spree, or peering over the...

Real Estate News

Luxury Miami Condo Report : April 2017

by Sep Niakan | May 18, 2017

Miami Luxury Condo Report Overall Market Summary   City and Neighborhood Luxury Condo Reports   Miami Beach Luxury Condo Report South Beach Luxury Condo Report Mid-Beach Luxury Condo Report   Surfside Luxury...