Latest news with #PedroPortal
Miami Herald
2 days ago
- Business
- Miami Herald
How shopping malls are changing in Miami. Is your favorite affected?
South Florida How shopping malls are changing in Miami. Is your favorite affected? Miami's shopping mall scene is changing. The Shops at Sunset Place will soon be demolished, making way for condos and offices. At Aventura Mall, shoppers can look forward to Eataly's first Florida opening, complete with multiple Italian restaurants, a wine shop, and hands-on cooking classes. Meanwhile, the Festival Marketplace in Pompano Beach is shutting down, with its vendors relocating and the site planned for warehouses. These changes may affect your favorite spots, so it's a good time to check what's new — or gone — in your local mall. View from Red Road side of the 25 year old Shops at Sunset Place in South Miami on Sept. 11, 2024. By Pedro Portal NO. 1: SUNSET PLACE MALL WILL BE DEMOLISHED AND REPLACED. TAKE A LOOK AT WHAT'S COMING NEXT Work on the site is expected to begin in 2026. | Published October 29, 2024 | Read Full Story by Rebecca San Juan Eataly, the internationally famous Italian marketplace with retail, restaurants and grab-and-go counters, is opening in Aventura. By Pablo Enriquez NO. 2: EATALY ITALIAN MARKETPLACE SETS OPENING DATE IN AVENTURA The Italian food hall and marketplace finally has an opening date. | Published May 19, 2025 | Read Full Story by Connie Ogle Festival Marketplace in Pompano Beach is being vacated and the flea market building will be torn down and the site used for industrial warehousing. By Carline Jean NO. 3: A BROWARD SHOPPING MALL IS CLOSING AND THE BUSINESSES ARE MOVING ELSEWHERE Next up: Demolition. | Published May 28, 2025 | Read Full Story by David Lyons The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Yahoo
25-05-2025
- Entertainment
- Yahoo
See sights from the 2025 Hyundai Air & Sea Show in Miami Beach
The Hyundai Air & Sea Show, famously dubbed 'The Greatest Show Above the Earth,' returns to Miami Beach Memorial Day Weekend, from May 24–25. The free public event aims to celebrate the strength and service of the U.S. Armed Forces and first responder agencies. Featuring aerial and sea demonstrations, cutting-edge military technology, and the men and women who operate them, the show says it offers a unique tribute to American heroes — on land, in the air, and at sea. Check out some of the top photos from the event by Miami Herald photojournalist Pedro Portal:
Miami Herald
24-05-2025
- Entertainment
- Miami Herald
See sights from the 2025 Hyundai Air & Sea Show in Miami Beach
The Hyundai Air & Sea Show, famously dubbed 'The Greatest Show Above the Earth,' returns to Miami Beach Memorial Day Weekend, from May 24–25. The free public event aims to celebrate the strength and service of the U.S. Armed Forces and first responder agencies. Featuring aerial and sea demonstrations, cutting-edge military technology, and the men and women who operate them, the show says it offers a unique tribute to American heroes — on land, in the air, and at sea. Check out some of the top photos from the event by Miami Herald photojournalist Pedro Portal:
Miami Herald
22-05-2025
- Business
- Miami Herald
How housing challenges and condo pressures affect Miami's real estate world
Real Estate News How housing challenges and condo pressures affect Miami's real estate world Miami faces a housing crisis shaped by rent burdens, condo regulation and rising redevelopment pressures. Redfin data show Miami rents are falling, but the city remains one of the nation's least affordable places for renters, with the required income to rent far above what most people earn. Condo owners struggle with steeply rising association fees and repairs, worsened by state-mandated reserves after the Surfside collapse and nearly half of Florida's Fannie Mae-ineligible condos located in Miami. The secretive Fannie Mae condo blacklist now covers hundreds of Miami buildings, blocking access to mortgages and repair funding. As financial stress grows, developer buyouts and condo terminations are more appealing, especially for aging buildings and those facing escalating costs or safety violations. Stephania Germain, 24, who is on a Section 8 housing voucher, poses inside her apartment that she lives in with her daughter on Thursday, Oct. 3, 2024, in Miami. Germain was raised in foster care and is doing the best she can for herself and her baby. She says that even with the voucher, with recent increases it makes paying rent tough. 'It just keeps going up and I don't get a break to save, and I need new baby clothes, ya know they grow out of them so fast,' said Germain. By Alie Skowronski NO. 1: MIAMIANS ARE THE MOST RENT-BURDENED PEOPLE IN AMERICA — AND THEY'RE STRESSED ABOUT IT New Census Bureau data shows that Miamians spend a larger chunk of their incomes on housing than residents in all other major American cities. | Published October 8, 2024 | Read Full Story by Max Klaver An exterior shot from Collins Avenue of people walking past the St. Regis Bal Harbour Resort, in Bal Harbour, Florida, Tuesday, November 21, 2020. By Daniel A. Varela NO. 2: MIAMI CONDO OWNERS IN LUXURY TOWERS ON THE BEACH SUE COMPANIES OVER SAFETY CONCERNS What to know about the case at the Bal Harbour complex near Surfside. | Published November 14, 2024 | Read Full Story by Vinod Sreeharsha View of the DOWNTOWN MIAMI skyline from Watson Island, on Wednesday July 31, 2024. By Pedro Portal NO. 3: COULD YOUR CONDO BE A TAKEOVER TARGET? KNOW THE SIGNS THAT COULD ATTRACT A DEVELOPER Unit owners in older buildings are facing new expenses. | Published January 30, 2025 | Read Full Story by Miami Herald Archives A view of a resurgent Northeast Second Avenue in the heart of Miami's Overtown neighborhood in April 2021, with the Plaza at the Lyric apartments at left and a Red Rooster restaurant in the background at right. By Pedro Portal NO. 4: RENTERS ARE PAYING LESS FOR APARTMENTS IN MIAMI, BUT THERE ARE ISSUES. SEE THE COSTS Here's a look at housing costs and ways to navigate the crisis. | Published March 14, 2025 | Read Full Story by Howard Cohen Condos line the Intracoastal Waterway in Sunny Isles Beach. By MATIAS J. OCNER NO. 5: 'PERFECT STORM.' HUNDREDS OF SOUTH FLORIDA CONDOS NOW ON SECRET MORTGAGE BLACKLIST The number of Miami-Dade, Broward and Palm Beach condos on the list has more than doubled in just two years. | Published April 4, 2025 | Read Full Story by Andres Viglucci The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Miami Herald
19-05-2025
- Business
- Miami Herald
A mortgage blacklist, Surfside ‘mansions' and other Miami real estate trends
Real Estate News A mortgage blacklist, Surfside 'mansions' and other Miami real estate trends Miami real estate in 2025 is marked by affordability challenges and key shifts in housing options. While rents have eased slightly, the city remains one of the least affordable rental markets, with median incomes falling short of what's needed to pay typical rent. Condo owners face new hurdles as hundreds of buildings land on secret mortgage blacklists, driven by stricter post-Surfside safety rules and soaring insurance costs. Developers are responding with both ultra-luxury condos like The Delmore, planned for the former Surfside collapse site, and new workforce housing projects such as The Era in Fort Lauderdale, aimed at first responders and city employees. These trends reveal a housing market grappling with rising costs, evolving regulations, and significant gaps in affordability for many Miamians. A rendering shows plans for The Delmore, an ultra-luxury condo building with units starting at $15 million, at the site of the 2021 condo collapse at 8777 Collins Ave. in Surfside. NO. 1: 'MANSIONS' PLANNED AT SURFSIDE COLLAPSE SITE. DO DEVELOPERS 'HOPE PEOPLE FORGET' TRAGEDY? 'They can pull out all their bells and whistles ... It doesn't change the fact that their entire site is a graveyard,' said a former town commissioner. | Published January 28, 2025 | Read Full Story by Aaron Leibowitz A view of a resurgent Northeast Second Avenue in the heart of Miami's Overtown neighborhood in April 2021, with the Plaza at the Lyric apartments at left and a Red Rooster restaurant in the background at right. By Pedro Portal NO. 2: RENTERS ARE PAYING LESS FOR APARTMENTS IN MIAMI, BUT THERE ARE ISSUES. SEE THE COSTS Here's a look at housing costs and ways to navigate the crisis. | Published March 14, 2025 | Read Full Story by Howard Cohen The Era, Affiliated Development's latest project, is currently under construction in Fort Lauderdale. The apartment building is meant to help address the area's lack of affordable workforce housing. NO. 3: NEW FORT LAUDERDALE APARTMENT WILL OFFER 'LUXURY' AFFORDABLE HOUSING TO CITY'S WORKFORCE The ongoing development efforts come as an affordable housing crisis continues embroiling South Florida, where residents are the most rent-burdened people in the country. | Published March 25, 2025 | Read Full Story by Amanda Rosa Condos line the Intracoastal Waterway in Sunny Isles Beach. By MATIAS J. OCNER NO. 4: 'PERFECT STORM.' HUNDREDS OF SOUTH FLORIDA CONDOS NOW ON SECRET MORTGAGE BLACKLIST The number of Miami-Dade, Broward and Palm Beach condos on the list has more than doubled in just two years. | Published April 4, 2025 | Read Full Story by Andres Viglucci The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
