Island Gardens mixed-use development on Watson Island

The planned $640 million Island Gardens complex is to include a five-star luxury hotel, a four-star lifestyle hotel, fractional ownership residences, high-end retail and waterfront dining set on 6.5 acres of publicly accessible and landscaped open space, in addition to a marina for mega-yachts and super-yachts. The anticipated summer groundbreaking and has landed a sweet deal to host a new event as part of the annual Miami Yacht & Brokerage Show. A key part of Flagstone Property Group’s proposed $640 million Island Gardens’ mixed-use project on Watson Island is a deep water marina for mega-yachts and “super-yachts,” to be called Deep Harbour.

Downtown Miami Property draws huge interest!

The brokers marketing a waterfront property adjacent to downtown Miami’s EPIC Hotel & Residences say they’ve already received two offers exceeding $100 million. A company tied to EPIC developers Ugo Colombo and Diego Lowenstein want to sell the 1.25-acre parcel at 300 Biscayne Boulevard Way, as previously reported by The Real Deal. CBRE began showing the site to potential buyers about a month ago. Since then, 90 groups expressed interest in purchasing the property, CBRE’s Robert Given told the Daily Business Review. Given and Gerard Yetming, the brokers leading marketing efforts, won’t respond to the initial offers until all bids are made. “We’re looking for the best combination of pricing as well as the quality of the developer,” Given said. Only nine Miami properties have sold for at least $100 million in the city’s history, according to the Review. That includes the Related Group’s $104 million acquisition of 444 Brickell Avenue in December 2013. [Daily Business Review] — Eric Kalis

Housing Trends eNewsletter- Lazaro Lopez

Housing Trends eNewsletter- Lazaro Lopez




National market update

Existing-Home Sales Remain Soft in March

WASHINGTON (April 22, 2014) – Existing-home sales were essentially flat in March, while the growth in home prices moderated, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were offset by declines in the West and South. Read more

Vacation Home Sales Surge in 2013, Investment Property Declines

WASHINGTON (April 2, 2014) – Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors®. Read more

National housing indicators

Existing home sales (March)

4.59*

Existing home median price (March)

$198,500

Housing Starts (March)

946,000*

New home sales (March)

440000*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

4th Qtr 2012

+65.4%

4rd Qtr 2013

+65.2%

The homeownership rate in the fourth quarter 2013 was 65.2 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2012 rate of 65.4 percent. The homeownership rate in the Northeast was lower than its corresponding fourth quarter 2012 rate, while the rates in the Midwest, South, and West were not statistically different from the rates a year ago.

New home sales

February 2014

-4.5%

March 2014

-14.5%

Sales of new single-family houses in March 2014 were at a seasonally adjusted annual rate of 384,000. This is 14.5 percent (+/- 12.9%) below the revised February 2014 estimate of 449,000.

Source: U.S. CENSUS BUREAU

ONE PARAISO, THE MOST LUXURIOUS HIGH-RISE COMING TO EDGEWATER

ONE PARAISO comes to satisfy the growing demand for the chic and cultural, new Edgewater neighborhood in Downtown Miami.

This luxury tower will be the tower located closest to the bay featuring 53 floors with only 6 units per floor, private elevators, foyers and unobstructed bay views. It will feature 1, 2 & 3 bedroom models equipped with top of line appliances and finishes. SOME OF THE FEATURES AT ONE PARAISO 5 Acres of waterfront property Landscape by world renowned landscape architect Enzo Enea Units Feature private foyers and elevators Unobstructed Bay Views featuring views to Biscayne Bay and Miami Beach from all units Waterfront restaurant & beach club by Michael Shwartz of Michaels Genuine Food and Drink Marina and Watersports NOW TAKING RESERVATIONS. RESIDENCES IN THE PREMIUM TOWER STARTING IN THE $600’s. For more information or to reserve your unit contact me today. (786)525-9430. Please email me back with your phone number or email and best time to call you. Lazaro Lopez, PA Fortune International Realty Lazaro@fir.com (786)525-9430 http://www.MiamiPropertyConsultant.com

MIAMI IS OFFERING SOME OF THE FINEST AND SOPHISTICATED LIFESTYLES IN HIGH-END RESIDENTIAL REAL ESTATE

Nine at Mary Brickell Village and Midtown Miami Residences lead the way. “NINE-Life Resident Perks Program” has been designed to offer generous savings on products and services just outside their front door. Merchants in Mary Brickell Village have agreed to offer special discounts for residents to easily splurge, including Brother Jimmy’s BBQ, Studio LX, LA Fitness, Brickell Jewelers, Joanna Paige, Toscana Divino, Toni & Guy Hairdressing, ATIK Shop, and Taverna Opa.

CONTACT ME ABOUT THE “NINE-Life Resident Perks Program” and the “4 Midtown Penthouse Platinum Program”, a premier amenities package, available only to Midtown penthouse buyers. CONTACT: Lazaro Lopez,PA Fortune International Realty (786) 525-9430 http://www.MiamiPropertyConsultant.com

Brickell-Heights; Best VALUE, best LOCATION, best POSITION, best VIEWS!

Best VALUE, best LOCATION, best POSITION, best VIEWS in Brickell’s pre-construction market! Prices starting at $487.00 / sq.ft. Brickell-Heights

Nestled between Mary Brickell Village and the upcoming Brickell City Centre, a 5 million square foot commercial center that will cater to clientele with refined taste. Brickell Heights will be in the middle of it all. PAYMENT STRUCTURE 10% of purchase price – NOW! 10% of purchase price (30 days from contract) 20% groundbreaking (2nd quarter – 2014) 10% top off (3rd quarter – 2015) 50% closing (3rd quarter – 2016) CONTACT: Lazaro Lopez, PA Fortune International Realty 786) 525-9430 http://www.MiamiPropertyConsultant.com

THE LATEST NEWS FROM MIAMI PRECONSTRUCTION AND SOUTH FLORIDA REAL ESTATE

THE LATEST NEWS FROM MIAMI PRECONSTRUCTION AND SOUTH FLORIDA REAL ESTATE The Latest News from Miami Preconstruction INTRODUCING SLS LUX IN BRICKELL

The next evolution of style, luxury and service. Just steps away from upcoming Brickell CityCentre, Miami’s newest and most extravagant shopping and lifestyle destination, SLS LUX offers residents ultimate access in an oasis of exclusive privileges. Sophisticated designer interiors, original works of art by contemporary. LIVE THE LUX LIFE Sky residences with 10-foot ceilings Fully furnished residences with private elevators 3 levels of amenities at 9th, 44th and Sky Roof including all imaginable uses. World class art including monumental Botero sculpture, extensive facade murals by Fabian Burgos and light installation on facade by Ana Martinez. Interiors and all common areas by Yabu Pushelberg All units completely finished with luxury hard flooring options. CONTACT: Lazaro Lopez, PA Fortune International Realty (786) 525-9430 http://www.MiamiPropertyConsultant.com