Construction of the ultra-luxurious condo towers Auberge Beach Residences and Spa is inching closer to completion. New photos have been released showcasing views of the interior common areas as well as views from the residence terraces. Auberge Beach Residences & Spa, located just north of The Palms in beautiful Fort Lauderdale, brings the ultimate in luxury oceanfront living. Exquisitely designed residences, a rich array of indoor and outdoor amenities, a tempting selection of restaurants, and a world-class spa are perfectly located directly on 450 linear feet of pristine Atlantic Ocean beachfront.
After breaking ground a year ago, Jean Nouvel’s striking Monad Terrace has begun its vertical ascent in Miami Beach. Monad Terrace will offer a sharp contrast to luxury high-rise condo living with its expertly-crafted, unobtrusive, mid-rise, nature-inspired design. Monad Terrace utilizes a unique honeycomb saw-tooth facade designed to capture, diffuse, and reflect incoming light, while simultaneously framing views and providing privacy to its residents. When viewed from an oblique angle, the screens built into the faceted glass walls become opaque. When viewed head on, these same screens become transparent—adding sparkle and luminosity to every interior space.
For hours beachgoers watched as 530 tons of limestone rock was dropped creating an artificial reef just north of 1000 Ocean and the Boca Raton Inlet. Piece by piece, a bulldozer atop a barge dropped the massive limestone boulders into the ocean, sinking them 35 feet to form two 15-foot piles underwater.
The 56-story luxury oceanfront condo tower, Residences by Armani Casa, is just about topped off. Residences by Armani Casa is set on a pristine direct oceanfront site in beautiful Sunny Isles Beach. As the first residential Armani tower in the world, the exclusive development is poised bring the prestige, luxury and elegance to beachfront living in Miami that can only come with the Armani name.
After seeing the U.S. tax overhaul passed last December, many high-net-worth individuals are packing their bags and moving to South Florida to soak up the sun and serious tax savings. Luxury home prices have been surging ever since the tax law went into effect. The second quarter of 2018 saw a 16 percent jump from the previous year. Additionally, prices for the top 5 percent of properties rose at the fastest pace in 5 years.
After nearly 100 meetings and a long drawn-out public battle to redevelop South Beach’s vacant South Shore Hospital at 500 Alton Road, a resolution is finally in sight. The Miami Beach City Commission Finance Committee worked with development stakeholders to hammer out a final agreement for a 44-story condo tower on 500 Alton Road with a 3.19 acre park deeded to the City on the 600 and 700 blocks.
Douglas Elliman just released their second quarter 2018 “Elliman Reports” for the South Florida sales markets. According to the reports, the overall assessment of the South Florida markets based on price, sales and inventory trends were considerably favorable this quarter. Standout markets were Delray Beach and Fort Lauderdale with both rising prices and sales.
It has been full steam ahead for Miami’s upcoming Okan Tower. The Urban Design Review Board gave the new luxury condo development the green light in October and the project’s Istanbul-based developers have been pushing forward with their sales and marketing efforts ever since. If all continues to move according to plan, the soaring downtown skyscraper hopes to break ground by the end of 2018.
States like Florida and Texas have been wooing businesses and wealthy residents with promise of warm weather, zero state income tax and relatively low property taxes for years. It looks like their time has finally come as the states are drawing a wave of Wall Street investors, real estate executives and other wealthy residents from New York and the tri-state area.
According to a new report released by Attom Data Solutions, twenty-two U.S. states posted increases in the number of new foreclosure filings for the first half of 2018, compared to the same period a year ago. Some experts believe the loosening of lending standards may be among the reasons why some of the nation’s hottest real estate markets are seeing a rise in their foreclosures.