Miami Real Estate Headlines — Aug. 28, 2022

Goodbye ‘Miami Vice’…hello Miami nice! Aston Martin’s sales gallery demo makes way for a Downtown Miami bay walk, and a first look at UM’s new air-conditioned football stadium. Here are your Miami real estate headlines for the week of August 28, presented by Arno De Vos with Cervera Real Estate.

Hello, I’m Arno De Vos and these are your Miami real estate headlines.

Goodbye Miami vice – hello Miami nice. Miami mayor Francis Suarez sharing with Fox News the magic city’s recent recipe for securing record low crime numbers and high levels of economic growth. Suarez citing a combination of increased police funding – with the highest number of police officers in Miami's history - lowering taxes to the lowest levels in recorded history – leading to 12 percent economic growth and a 1.4 percent unemployment rate – all making Miami one of the happiest and healthiest cities in the country.

And it’s one last demolition for a new sky-high icon now approaching completion in downtown Miami. The developers of the Aston Martin Residences Miami knocking down their waterfront gallery –used to sell more than 95% of their residences. The gallery makes room for a large water feature and bay walk along the 800-plus foot luxury tower. The Aston Martin Residences currently on track for completion in the second quarter of 20-23 -- making it the only residential tower in all of Downtown Miami set for completion within the next year.

And sometimes even a city known for its year-round sunshine - likes to keep things cool. New renderings now released for University of Miami’s new 60-thousand seat air-conditioned football stadium. The proposed facility will include a retractable roof, a floating scoreboard, and of course, luxury suites. Backers of the stadium saying that the project will be privately funded, eyeing a deal similar to the headline-grabbing MLS soccer stadium spearheaded by David Beckham – approved earlier this year.

…..For more on these Miami real estate headlines, head over to Miami-re-news-dot-com. I’m Arno De Vos with Cervera Real Estate – thank you for watching

Host: Arno De Vos

Producers: Omar De WIndt; Vero Aizpurua

Art: Beto Arevalo