A joint venture between Related Group and Merrimac Ventures announced the sales launch of the Crosby Miami Worldcenter. The 31-story tower, set within downtown Miami’s $4 billion 27-acre Miami Worldcenter mixed-use development, will deliver 450 turn-key residences, free of rental restrictions. Groundbreaking is targeted for the first quarter of 2023, with delivery planned in the first quarter of 2025.
The developers are proposing a 300-room hotel in Hollywood on the site of what is now a parking lot.
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A new report from Cotality found that the number of homes for sale has quadrupled since 2022.
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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.
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The firm will be headquartered in Fort Lauderdale.
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Delivery of completed units is expected to take 24 to 28 months after construction begins.
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Chris Green and Patty Da Silva have merged their business with Mauricio Umansky’s The Agency.
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The Residences will feature 92 exclusive condominium homes.
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The rising cost of housing and the increasing frequency of natural disasters are slowing migration to Florida and Texas metros.
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