Miami Condo Market and Lifestyle Updates
How Miami Became New York South

How Miami Became New York South

by Sep Niakan | April 10, 2015

Imagine being able to enjoy the same culture, food, fashion and entertainment scenario as New York, but in a more relaxed, tropical environment with gorgeous water views and balmy weather. Sounds irresistible, doesn’t it? That’s exactly what’s got New Yorkers set on making Magic City their second home!

Combining a high-end experience similar to that up North, the appeal of an evolving global city, and pocket-friendly tax benefits, it’s no wonder we’ve become the New York of the South. Add to that affordable pricing and you have a deal you simply can’t resist. For instance, a condo in a top New York building can cost up to $5,000 per sq. ft. or an ultra-luxury apartment could set you back $13,000 per sq. ft., but a luxury space in South Beach only works to about $2,500 or $3,000 per sq ft.

 

That’s not all, top developers such as The Related Group, the Grosskopfs, Edgardo Defortuna are now designing buildings keeping in mind the white-glove services and amenities that New Yorkers so cherish. Large dining areas, generous closet space, designer furnishings and access to a private spa are now becoming staples of latest luxury developments. Case-in-point: While two-thirds of the Pritzker Prize–winning, Richard Meier-designed ‘Surf Club Four Seasons’ has been bought by New Yorkers, 33% of Jorge Pérez’s Brickell Heights has been scooped up by them as well.

The neighborhoods that should stay on the New Yorker watch list (or anyone’s radar for that matter) include Sunny Isles with its upcoming, ultra-luxury Fendi Château residences and amenity-oriented Turnberry Ocean Club; Mid-Beach/Bal Harbour with the Baz Luhrmann-directed Faena Saxony Hotel; Downtown with the mall-top Paramount Miami Worldcenter boasting of its very own soccer field; Brickell with the SLS Lux Brickell and the Brickell Flatiron flaunting art works throughout their living spaces.

 

Source: gotham-magazine.com

Photo credit: gotham-magazine.com

Recent posts

Lifestyle

Get more from the Outdoors with these Awesome April Events in Miami

by Sep Niakan | March 26, 2017

Spring’s in full swing, and you should be too! There is a big bunch of events happening around town that will definitely get you up and outdoors. From kid to foodie, corporate and LGBT friendly, there’s an event for everyone to enjoy...

Lifestyle

How Ultra-high-end Brands Are Transforming Miami’s Luxury Condo Real Estate

by Sep Niakan | March 19, 2017

Miami has long been associated with beaches, star studded events and celebrity second homes. But, given the current wave of high-end condo developments, it won’t be long before we’re known as the first choice for global elite with...

Real Estate News

Miami Luxury Condo Report : February 2017

by Sep Niakan | March 17, 2017

Whether you’re a seller or buyer, being inquisitive about the market you’re dealing in is natural. In order to take the guesswork out of the Miami luxury condo market, I’m beginning with a series of monthly reports that will give...

Lifestyle

Top 10 Luxury Waterfront Miami Condo Neighborhoods for Snowbirds

by Sep Niakan | March 14, 2017

When most of those up North have to bundle up to battle winter blizzards, we site on our balconies and patios in our Miami condos and homes enjoying a balmy 65-75+ degrees in. Year-round lush greenery, white sandy beaches, warm glitzy waters and the...