Related exec says strong real estate market will surprise many in 2013: VIDEO

While Related Group’s CEO Jeff Blau and its Chairman and Founder Steven Ross handle massive New York projects like Hudson Yards, the developer will also continue to focus on South Florida, as the condo and second home market recovers, the Related’s Group of Florida’s Founder and CEO Jorge Perez told Reuters Impact Players. Despite losing, during the downturn, more than a billion dollars on luxury Miami condo projects like the Icon Brickell — 100 percent sold today — the company head says the market is back.

“Everyone used to say that there are three important things in real estate: location, location, location. Now I say timing, timing, timing,” Perez said. “Meaning that as a developer, I need to have a crystal ball, so I can try to invest based on what I see in the market.”

Perez went on to predict that 2013 will prove to be an even stronger year of recovery. “My gut tells me that 2013, to the surprise of many, is going to be a much better year than people are expecting. I think that we are going to have, particularly in the real estate market, a much better year.”

SoHo in the Sun: New York real estate developers flock to Miami in search of the next big neighborhood

A New York developer is making a big bet on a once-desolate but now artsy and up-and-coming part of Miami, plunking down almost $12 million for 27 apartments — and he thinks

he’ll turn a hefty profit when the neighborhood becomes the new SoHo.

Paying $327 per square-foot, the developer likes the short term appreciation in the

Midtown Miami neighborhood he compares to SoHo of the early 1990s where

artists scooped up lofts for $50,000. Those homes today are worth upwards of $3 million.

Saddled between the Design District that attracts luxury retailers Hermes, Celine, Louis

Vuitton, Dior Homme, Christian Louboutin, Prada and Cartier and the warehouse-heavy

Wynwood Art district area, Midtown has plots of land left to develop and a growing

demographic of young artists looking to pay less in home prices than South Beach, typically 

double in cost.

Midtown 4 Condos soon to hit the market for sale - call for pricing!

Developer:  Midtown Group

Architect:    Nicholas Brosche Sandoval

Year Built:  2008

# of units:    389

"Midtown Miami urban design  is reminiscent of New York's Soho district with a Miami twist".  The architecture with its wide expansing wing-like components creates an expansive opening that emphasizes the panoramic views of Downtown and Biscayne Bay.  Centrally located, Midtown 4 is a few blocks from Design District and Wynwood districts.  Minutes from South Beach, Downtown Miami and Brickell areas.

Midtown 4 has three sections: Mews, Midrise and Tower.

Mews:  First floor retail spaces.

Midrise:  62 live/work residences. Warehouse style windows, open floor plans, 10 foot high exposed   concrete ceilings.

Tower:  327 residences.  Open floor plans with 9 foot high exposed concrete ceilings.

Midtown 4 Amenities:  

Modern minimalistic lobby, custom finishes, infinity swimming pool with Downtown and Bay views, jacuzzi, sauna and steam room, state of the art fitness center overlooking the pool.

Midtown 4 lobby

Midtown 4 infinity pool

Midtown 4 fitness center

Midtown 4 residences features:  

Floor-to-ceiling impact resistant glass windows, generous private terraces, italian kitchens with stainless steel appliances, custom cabinetry and stone counter tops.

FOR FLOOR PLANS CLICK HERE

FOR MORE INFORMATION & PRICING CLICK HERE

Icon Bay Miami - the latest high-end tower in the Biscayne corridor

Icon Bay Miami

The Related Group announced their latest project, Icon Bay.  This high-rise condominium building will be located between NE 28th and NE 29th street.  Righ off Biscayne Blvd., going east on 28th street.  Centrally located a few minutes from Midtown Miami, Design District, Wynwood, Downtown Miami, Brickell and Miami Beach.

Designed by Arquitectonica, Icon Bay is going to be a 40 story tower with 300 waterfront units. 8 residences will be assigned per foor with different floor plans.  All residences will feature 9 ft. ceilings, private elevators, assigned parking, unobstructed views of the Biscayne bay, and completely modern design.

Icon Bay Miami - renderings

Icon Bay amenities include infinity waterfront pool, recreational facilities, media room, conference room, gym and spa.  The lobby will be located on the 3rd floor, which will connect the garage and elevators.

Icon Bay Miami - fitness center renderings

Icon Bay Miami - pool rendering

Icon Bay Miami residences mix:
1  BD + Den /  1 BA
2  BD / 2 BA
2  BD + Den / 2 BA
3  BD / 2.5 BA
Square footage will range approximately from 900 SQ FT to over 1500 SQ FT.

Icon Bay Miami Deposit Structure:
10% of purchase price at reservation (immediately)
10% of purchase price at contract
15% of purchase price at groundbreaking
15% of purchase price at top off
50% of purchase price at closing

For more information click here        

For a free brochure click here

Art lives at Icon Bay 

Today's neighborhood and the future of Miami

Iconic architecture

Arrive in style

Floor plans

Contact us for more information

Michael's Genuine Home Brew

Today, famous chef Michael Schwartz announced the arrival of Michael's Genuine Home Brew.  This classic American ale is craft brewed in Gadsen, Alabama, by the Back Forty Beer Company specially for Schwartz, using Sem-Chi rice and cane sugar grown in Florida.

The beer will be available on tap at both Michael's Genuine Food & Drink and Harry's Pizzeria starting on Monday, August 13th.  Michael's Genuine Home Brew will be available on draft $6 for a 16 oz or in large 22 oz  bottles for  $11.

According to Jackie Sayet, brand director for The Genuine Hospitality Group, "It's in transit right now."  It would be great to get a sneak taste for this month's second Saturday Art Walk.

Midtown Miami the emerging epicenter of Miami

Midtown Miami's urban design is reminiscent of New York's Soho district with a Miami twist.  Located between 29th and 36th streets, and Midtown Boulevard, Midtown Miami's newest lifestyle and entertainment destination.  Midtown Miami offers many uniquely designed floor plan, with multi-level, loft and tower spaces that are fresh, in urban architecture.  Minutes from the Miami Design District, Wynwood, Miami Beach, Downtown Miami, Brickell, AA arena, MIA airport and other local attractions.