North Bay Village Nets Big Gains From Messi’s Miami Arrival 

The Magic City will also be one of the host cities for the 2026 FIFA World Cup.

Lionel Messi’s signing with Inter Miami CF has been a boon for the local economy in more ways than one. With soccer interest at an all-time high for the area, ticket sales have increased for the club, but so has international real estate interest in South Florida. Messi’s arrival has resulted in a surge of demand from potential Argentine buyers for one of North Bay Village’s new luxury residential projects. The project at 7918 West Drive is also actively marketing towards this demographic to take advantage of the growing popularity of Inter Miami CF.

In March 2023, Argentina accounted for 7.05% of all international searches on MiamiRealtors.com, according to a Miami Association of Realtors report. The 2022 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members also revealed that Argentina purchased the most real estate in South Florida among foreign countries in 2022, with a share of 16% of all international purchases. The area of North Bay Village, located near Miami Beach’s Normandy Island and North Beach, is also known for having a significant population of Argentineans.

The North Bay Village City Commission recently granted its final approval to a proposal allowing for the development of certain areas of Miami Dade County Public Schools’ Treasure Island Elementary School in North Bay Village. One of the projects entails the construction and management of the Argentine Football Association’s (AFA) U.S.-based headquarters and soccer complex. The AFA intends to operate a youth soccer training program on the land. The proposed complex will feature soccer fields, a new community center, offices, sports facilities, and a park. The partnership with AFA will include scholarships and discounts for North Bay Village children and a free after-school soccer program at select times of the day. The Miami-Dade County School Board has also approved the project.

In February 2023, North Bay Village experienced the first groundbreaking in ten years with the development of a state-of-the-art luxury waterfront condo project at 7918 West Drive. The 21-story building will house 54 luxury residences on a 33,600-square-foot lot on the Intracoastal Waterway. Developed by Pacific & Orient Properties, LLC, an international leader in integrated technology solutions, the project is expected to be completed by the first half of 2025. The company has its U.S. headquarters based in Lauderdale-by-the-Sea and has locations in Kuala Lumpur, Malaysia; London, England; and Bangkok, Thailand.

You May Also Like
New Hotel Proposed by Related Group and BH Group—Across from the Diplomat

The developers are proposing a 300-room hotel in Hollywood on the site of what is now a parking lot.

Read More
South Florida’s Pandemic Real Estate Boom is No Longer

A new report from Cotality found that the number of homes for sale has quadrupled since 2022.

Read More
Panel Looks at “Fort Lauderdale Rising: The New Residential Landscape”

The topics of discussion included the current state and future of the city, where luxury is headed and factors driving the demand for real estate in the area.

Read More
Florida Commercial Property Investment Group Launches in South Florida

The firm will be headquartered in Fort Lauderdale.

Read More
Other Posts
Q1 Data Finds Fort Lauderdale Office Market is Outperforming Miami’s

New ownership and investments are signaling lasting confidence in the market.

Read More
Why Classic Car Enthusiasts are Ditching Combustion for Electric Powertrains

Everrati Founder and CEO Justin Lunny gives insight into what’s got collectors recharging their retro rides.

Read More
Newly Branded Airbus A320 Proves That JetBlue Runs on Dunkin’

The airline is offering status for customers who fly on Brewing Altitude through September 1.

Read More
Flight Options Expand for Travelers Flying Out of FLL

Las Vegas-based budget airline Allegiant added two nonstop flight options in May.

Read More