Miami Condo Market and Lifestyle Updates
Building Designed by Zaha Hadid May Hold Additional Value

Building Designed by Zaha Hadid May Hold Additional Value

by Sep Niakan | April 22, 2016

Zaha Hadid passed away on March 31st at the age of 65. She was a critically acclaimed architect, being the first woman to win the Pritzker Award, which is sometimes called the Nobel Prize of architecture. With her death, comes a similar phenomenon to an artist’s death raising the value of their paintings.

The One Thousand Museum, developed by Zaha Hadid before she passed away, has been getting more inquiries, and the condo buyers may be getting more than they expected. Pre-construction prices range from $1,200 per square-foot to over $2,000 per square-foot, but that might be going up due to recent events.

Jack McCabe, a real estate analyst and consultant in Deerfield Beach, said that investors in the buildings designed by Hadid may see these assets go up in value, “similar to how different paintings go up after an artist dies.”

One Thousand Museum was Hadid’s first high-rise residential design in the Western Hemisphere, and is expected to open by the end of 2017. It is one of several developments that are under development that have been designed by Hadid. In Manhattan, Hadid designed a condominium that is currently under construction, known as 520 West 28th Street. Prices for that project go up to $50 million for the biggest penthouse. Sales for 520 West 28th Street began in October of 2015, but information on unit reservations was not available for public review. 




Photo credit:

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...


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...


The Top Ten Highest-Rated Restaurants in Miami

by Sep Niakan | May 14, 2017

It’s no secret how Miami’s local food scene is going global with innovative restaurants populating the landscape. We’ve got locals to tourists and even celebrities raving about how Magic City's culinary scene has grown leaps...