Why invest in Miami

 

         When people talk about Miami, what usually comes to mind is South Beach with its great year-round weather, gorgeous beaches, pulsing        nightlife, top restaurants,          Lincoln Road, and Ocean Drive. However, with the recent development north of South Beach and the                addition of 23,000 condos in Downtown Miami over the last 8          years, Miami is becoming more and more gentrified, making it an              increasingly fitting place to have either a permanent residence or a second or third home. The brightest spot in the Miami market,                    However, is Downtown Miami, which is finally becoming a vibrant city in and of itself.

 

MIAMI RANKED #9 IN MAJOR NORTH AMERICAN CITIES OF THE FUTURE BY FDI INTELLIGENCE

         FDI Intelligence (Foreign Direct Investment) is a specialist division of the Financial Times that published “American Cities of the Future” which ranked New York              City #1 and Miami #9 among the leading North American cities of the future. FDI analyzes the cross-border Greenfield investment for each city as part of their                analysis. New York and Miami ranked well given the large number of foreign direct investment projects that have occurred in the city over the past few years. This          will no doubt continue. Miami also ranked very highly in the following areas within the analysis:

         Ranked #1 in Economic Potential; #1 in Human Resources       

         #2   Business Friendliness

         #3   Foreign Direct Investment Strategy

         #10 Infrastructure

          

                                                                          MIAMI IS A TRUE INTERNATIONAL DESTINATION

          Nowhere else in the US are 45% of all visitors from abroad. The top 5 countries from which visitors came in 2010 are:

          Canada, Brazil, Argentina, Germany, France, Italy

          South Americans make up 66% of international visitors to the region, led by: Brazil, Argentina, Colombia, and Venezuela

          Europeans make up approximately 25% of the international visitors to the region, led by: Germany, England, France, Netherlands, Switzerland, Sweden,

          Miami is also a top domestic destination, with visitors coming from all across the country. The top 5 cities from which visitors came in 2010 were:

          New York, Philadelphia, Chicago, Boston, Atlanta

          Notably, New Yorkers make up 25% of all domestic visitors!

 

MIAMI IS A LARGE CITY WITH DIVERSE INDUSTRY

 

        Miami is the 7th most populous center with an estimated population of 5.5 million people. In 2009 UBS ranked Miami as the 5th richest city in the world based on           purchasing power. Miami also ranks 11th in the US when it comes to GDP.

 

        While tourism continues to be one of Miami’s principal industries, Miami is a major center in finance, commerce, culture, media, entertainment, the arts and                   international trade.

 

        Miami has the largest concentration of foreign banks.

        Miami has 1,400 Latin American Headquarters of multinational corporations.

        Miami is a major television production center and the most important in the US for Spanish-language media.

        Miami is a major music recording center.

        Miami International Airport ranks among US airports as follows: 1st in International Freight; 2nd in International Passengers; 3rd in Total Freight; and 12th in Total           Passengers.

        The Port of Miami is one of the busiest ports in all of the US.

 

MIAMI BEACH HAS UNDERGONE A RENEWAL

 

        Miami Beach has been one of the nation’s pre-eminent waterfront resorts for nearly a century and has long been a second-home choice for the rich and famous,             first with its waterfront mansions and more recently with its luxury condos. More recently, a huge transformation has taken place on Miami Beach, most notably,             north of South Beach all the way to Hollywood Beach. This transformation has made more of Miami Beach (and its environs) a great place to have a permanent             residence or a second or third home.

 

         As is well known, South Beach attracts a very international crowd, so property prices are generally much higher on the “The Beach” than Downtown, since demand         is international and supply is constrained. For instance, the South of Fifth neighborhood at the southernmost tip is the most expensive area on the island where               prices start at $500K and go all the way up to $8 million (or $2,000 psf and $21,528 psm) for a top condo at Apogee. There are, however, less expensive options             with the many Art Deco buildings in the central South Beach area that is protected from development. Prices here are quite reasonable (mostly under $500K) and           the area is protected from development.

 

         Areas north of South Beach have developed such that they are now viable alternatives to owning in South Beach. Take, for instance, Mid-Beach, which has added          a number of great oceanfront properties such as the Gansevoort Residences, Caribbean, newly-imported British hotspot SoHo Beach House, and the refurbished            Fontainebleau and Eden Roc hotels.

 

         Further north, Bal Harbour has regained its standing with the addition of the gorgeous One Bal Harbour and the new ultra-luxurious St. Regis Bal Harbour Hotel and          Residences, set to open at the beginning of 2012.

 

          Finally, even the area north of Bal Harbour has become a viable option for many with the addition of some of the most cutting-edge buildings in South Florida –              Jade Beach and Jade Ocean - or the more reasonably priced Trump Towers. Even Hollywood, a few more miles north, is an option for many now, with the arrival            of the Westin Diplomat Hotel and Residences, Trump Hollywood, and the brand new pre-construction luxury development of Apogee Beach, which starts at only              $375 per sq. ft. (or $4,036 psm).

 

 

DOWNTOWN MIAMI IS EVOLVING INTO A 24-7 WORLD CLASS CITY

 

           Downtown Miami is finally becoming relevant as it evolves into an entirely new city with a landscape of cutting-edge skyscrapers. In fact, Downtown Miami is                  now emerging as one of the country’s fastest growing urban centers, the product of significant increases in population growth and commercial activity over the                past two years.

 

           With over 23,000 condos and more than 78 buildings constructed in the last eight years, Downtown Miami has undergone a real renaissance.

           A few of these buildings, like Epic, Icon Brickell, 900 Biscayne, Marquis, and the yet-to-be-released Paramount Bay, are among the very top buildings in South              Florida.

           More than 70,000 people now live in Downtown Miami, up a whopping 80% from 10 years ago, with the population expected to grow to 85,000 by 2014 when the              remaining new housing inventory is absorbed.

           Now that most of the inventory has been absorbed, there are new projects sprouting up that will likely take the city to another level.

           What was once considered a 9-to-5 employment-only district now is an emerging vibrant 24-7 city filled with restaurants, entertainment and cultural experiences.              Since 2008, 120 new businesses have opened in Downtown Miami, joining new luxury hotels like the Kimpton EPIC Hotel, Viceroy Miami, Tempo Miami, and the            world’s first JW Marriott Marquis. In addition, unlike in most of the country, three new commercial towers have risen in Downtown.

 

          This is a compelling argument for investors to consider Downtown Miami because one of the most important outcomes of the residential boom for the city is that             Downtown Miami is increasingly becoming a destination, and with that will come economic growth that will, in turn, fuel further development. It’s a self-fulfilling               cycle that will lead to the establishment of the world-class city that Florida always lacked.

DEVELOPMENT DIVISION

 

Strawberry Fields, Ft Pierce, FL Townhomes
  Rental Income $13,800 Annual
  10 minutes to Beaches
  All Units Have Tenants in Place
  60% Below Peak Price of $279,000
  Stainless Steel Appliances and Garage
$4 M

 

STRAWBERRY FIELDS: “Rent With The Option To Buy”

For those who need to gather time to own, but would like to take advantage of living at Strawberry Fields now. We offer our rent to own program available on a limited number of townhomes as follows.

Rent $1000.00 month for 1yr. You would need 1st and last month rent upon move in. 100% of your rent for 1yr provided rent is paid on time would be credited to your purchase price, which would be posted, list price at time of purchase. If you decide to own sooner whatever rent paid will be credit to purchase price.

 

15 Units Still Available
Strawberry Fields is a new, intimate, neighbor-friendly gated community, comprising of 62 outstanding self contained homes. Strawberry Fields brings leisure together with class. The community is close to fine dining, shopping and many beaches to enjoy.
 
This, is YOUR opportunity!!!!!  
 
   60% Below Peak Price of over $279,000  * All Units Have Quality Tenants in Place * Positive Cash Flow from Day One
Fully Managed, Hassle Free Investment *  Huge Capital Growth Potential
Clubhouse, 2 Swimming Pools, Fitness Center...
10 Mins to Downtown Ft Pierce * 10 Mins to the Beaches * 12 Mins to I-95 and Turnpike 
30 Mins to Vero Beach * 1 Hour to Jupiter * 2 Hours to Walt Disney World

Currently or recently under development, management, or brokerage services provided for:

 6950 Cypress Ave, Plantation  
 Silverado Apts., Tallahassee  168 Units
 Waterview Courtyard, North Miami Beach  94 Units
 Strawberry Fields Townhomes, Ft. Pierce  92 Units
 La Salle Townhomes, Miami Beach  12 Units
 Bay Dr. Yacht Club, Miami Beach  22 Units
 Bay Dr. Apartments, Miami Beach  14 Units
 Bryant Pl, Miami Beach  10 Units
 Tatum Waterway, Miami Beach  42 Units
 168th St, North Miami Beach  12 Units
 Palm Point, Palm Coast  256 Units
 6891 Bay Dr., Miami Beach  13 Units
 Aqua Vista, North Miami Beach  95 Units
 Oleta Town Homes, North Miami Beach  65 Units
 Ofc. Warehouse, Miami Gardens.  50 Units
 1949 NE 172nd St  24 Units
 16751 S. Glades Dr.  12 Units
 1118 N. 15th Ave  18 Units
 1250 NE 136th Terr  10 Units
 2010 NE 162nd St  10 Units
 15800 NW 2nd Ave  9 Units
 1090 NE 163rd St  24 Units
 15701 NW 2nd Ave  46 Units

With recent merger in 2009 of Century 21 King Realty and Realty Group Services, a N.Y. and Florida based real estate and development firm, which has developed and marketed over 1,000 residential units in various communities, there combined resources and experience and international connections can provide the finest in real estate services, from planning, asset management, development, staging and marketing of any new home project. For more information contact managing partner via e-mail dennismesposito@yahoo.com or look to our website for more development.

 
 
 

 

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