Latest news with #RebeccaSanJuan
Miami Herald
7 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.
Miami Herald
13-05-2025
- Business
- Miami Herald
See these five housing makeovers in South Florida
Real Estate News See these five housing makeovers in South Florida South Florida's housing landscape is rapidly evolving, with several ambitious makeovers aiming to address affordability and urban growth. In Miami's Health District, plans for two new residential towers will prioritize affordable and workforce housing for healthcare employees, helping ease the burden of living near vital jobs. Hollywood's downtown sees a mix of luxury projects like Soleste Hollywood Blvd and the redevelopment of the Hollywood Bread Building, while efforts like University Station try to bridge the residential income gap. Fort Lauderdale's The Era targets local workers, offering upscale amenities at lower rents thanks to city-county partnerships and incentives. In Miami's Little River-Little Haiti, an enlarged $3 billion redevelopment promises thousands of affordable and workforce condos and rental units, improved infrastructure, and careful relocation plans for current residents, reshaping the neighborhood with jobs and transit access. Soleste Hollywood Blvd at 2001 Hollywood Blvd is pictured hovering among existing buildings on Sunday, Sept. 15, 2024, in Hollywood, Florida, as the city shores up its housing needs with development in its downtown area in an attempt to address the city's affordable housing needs. By Carl Juste NO. 1: EVEN AS HOLLYWOOD BUILDS MORE APARTMENTS DOWNTOWN, AFFORDABILITY REMAINS A CONCERN A look at what is coming and why it might not be enough to ease housing pressure | Published October 4, 2024 | Read Full Story by Raisa Habersham 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. 2: 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 An aerial view of Jackson Medical Towers, at 1500 NW 12th Avenue in Miami, Florida on Jan. 2, 2025. The Public Health Trust of Jackson Health System has approved a deal with Related Urban to demolish two existing towers, known as Jackson Medical Towers, and construct affordable workforce housing and an extended stay hotel. By AL DIAZ NO. 3: CAN THESE TOWERS HELP AN AFFORDABLE HOUSING CRISIS IN MIAMI? TAKE A LOOK AT THE PLANS The complex includes hundreds of rentals and a hotel. | Published January 10, 2025 | Read Full Story by Michelle Marchante Rebecca San Juan Renderings from the Swerdlow Group show a Main Street-style commercial and residential district and the entrance to a new Tri-Rail commuter station that would be built under a massive proposal that aims to transform a broad swath of Miami's Little River-Little Haiti neighborhood. NO. 4: NOW WITH MORE AFFORDABLE HOUSING, MASSIVE MAKEOVER PLAN FOR LITTLE RIVER WINS APPROVAL 'Everyone for 20 blocks in every direction is going to gain a lot from this. It's going to be very good for everybody,' the developer says. | Published March 28, 2025 | Read Full Story by Andres Viglucci 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. 5: 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 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
25-04-2025
- Business
- Miami Herald
See 8 Miami real estate trends reshaping issues of affordability and innovation
South Florida See 8 Miami real estate trends reshaping issues of affordability and innovation Miami's real estate scene in 2025 brims with reinvention, challenge and bold moves. This list of stories outlines a billion-dollar plan by Jackson Memorial Hospital to lease land for affordable and workforce housing, the arrival of advanced sensor systems that track condo safety on the barrier islands, and high-stakes battles over condo association foreclosures. Miami renters see rare relief as apartment rents dip, even as the gap between incomes and housing costs lingers. Meanwhile, luxury towers like Trump's Doral condos grab headlines, and frustrated homebuyers face bureaucratic showdowns as nonprofits and commissioners feud over unfinished affordable homes. The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories below were reported, written and edited by McClatchy journalists. The riverfront area of downtown Fort Lauderdale. By CARL JUSTE NO. 1: APARTMENT RENTS HAVE TAKEN A SURPRISING TURN IN SOUTH FLORIDA. WILL THE TREND CONTINUE? What to know about the market in Miami and Broward. | Published November 15, 2024 | Read Full Story by Rebecca San Juan With headlines about condo associations and HOAs foreclosing on owners over unpaid assessments and other fees, state legislatures have been to address the situation. NO. 2: HOA, CONDO ASSOCIATION GROUP WEIGHS IN ON FORECLOSURES OVER UNPAID ASSESSMENTS, FINES Condo boards and HOAs foreclosing over unpaid fees getting attention in state legislatures. | Published January 2, 2025 | Read Full Story by Michael L. Hyman An aerial view of Jackson Medical Towers, at 1500 NW 12th Avenue in Miami, Florida on Jan. 2, 2025. The Public Health Trust of Jackson Health System has approved a deal with Related Urban to demolish two existing towers, known as Jackson Medical Towers, and construct affordable workforce housing and an extended stay hotel. By AL DIAZ NO. 3: CAN THESE TOWERS HELP AN AFFORDABLE HOUSING CRISIS IN MIAMI? TAKE A LOOK AT THE PLANS The complex includes hundreds of rentals and a hotel. | Published January 10, 2025 | Read Full Story by Michelle Marchante Rebecca San Juan A rendering by PPKS of Doral of the proposed Doral International Towers, a residential and commercial complex on the grounds of former President Donald Trump's Doral resort. NO. 4: DORAL APPROVES TRUMP'S LUXURY CONDO DEVELOPMENT, WITH UNITS STARTING AT $2 MILLION Donald Trump's Doral resort has received final approval for his latest real estate venture in South Florida—an ambitious luxury condominium project. | Published January 16, 2025 | Read Full Story by Verónica Egui Brito Aerial view of downtown Miami on Monday, May 10, 2021. By MATIAS J. OCNER NO. 5: FLORIDA CONDO COSTS OFFICIALLY DROPPED FROM SPECIAL SESSION AMID REPUBLICAN SHOWDOWN Elderly Floridians to become 'next wave of homeless,' one Republican ally of Gov. Ron DeSantis predicted as a result. | Published January 27, 2025 | Read Full Story by Alexandra Glorioso Mario Verciani, CEO of SmartCore Systems, displays a sensor same as the ones installed at the Bay House Miami Residences in Edgewater, by his company that provides structural health monitoring (SHM) services to buildings including condominiums, in Miami, on Tuesday February 11, 2025. By Pedro Portal NO. 6: STURDY, SINKING, SHAKY? MIAMI COMPANY OFFERS AN EARLY WARNING SENSOR SYSTEM FOR CONDOS 'We have monitoring in place, and our structure has not moved. We have real time data.' | Published February 14, 2025 | Read Full Story by Denise Hruby 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. 7: 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 Angela Albury, expresses her frustration of waiting for 5 years for her house to be constructed, as she attended to a press conference held by the Neighbors and Neighbors Association (NANA), alongside the Circle of Brotherhood to address what they describe as ongoing attempts by Miami-Dade County Commissioner Keon Hardemon to hinder their work in the community and putting an affordable housing projects at risk in Liberty City, Miami, Florida. on Tuesday March 25, 2025. By Pedro Portal NO. 8: AFFORDABLE HOMES HANG IN THE BALANCE AS MIAMI-DADE COMMISSIONER, NONPROFITS SQUABBLE Black residents in Miami can't move into their homes. | Published March 26, 2025 | Read Full Story by Raisa Habersham Douglas Hanks This report was produced with the help of AI tools, which summarized previous stories reported and written by McClatchy journalists. It was edited by journalists in our News division.
Miami Herald
16-04-2025
- Business
- Miami Herald
How Miami is dealing with challenges in the condo and rental markets
Real Estate News How Miami is dealing with challenges in the condo and rental markets South Florida's condo and rental markets face issues of affordability, safety and development pressure. Rapid construction of high-cost luxury apartments, like those downtown, contrasts sharply with the persistent need for below-market-rate housing. Meanwhile, rents have declined slightly due to increased supply, but many residents remain rent-burdened amid stagnant wages and inflated housing costs. Safety legislation following the 2021 Surfside collapse also has put more financial strain on condo owners, with rising repair costs, mandatory reserves and insurance challenges. Take a look at the challenges in Miami's housing landscape. Soleste Hollywood Blvd at 2001 Hollywood Blvd is pictured hovering among existing buildings on Sunday, Sept. 15, 2024, in Hollywood, Florida, as the city shores up its housing needs with development in its downtown area in an attempt to address the city's affordable housing needs. By Carl Juste NO. 1: EVEN AS HOLLYWOOD BUILDS MORE APARTMENTS DOWNTOWN, AFFORDABILITY REMAINS A CONCERN A look at what is coming and why it might not be enough to ease housing pressure | Published October 4, 2024 | Read Full Story by Raisa Habersham Sawyer's Walk development has opened 578 residential units, a public plaza and a new Target, Burlington, Five Below and Aldi supermarket at 249 NW Sixth St. in Miami's Overtown community as of November 2024. A Ross Dress for Less store is next in March 2025. NO. 2: THESE POPULAR STORES JUST MADE THEIR DEBUT IN DOWNTOWN MIAMI AREA. AND THERE'S MORE Here's the lineup and opening dates. | Published November 13, 2024 | Read Full Story by Howard Cohen The riverfront area of downtown Fort Lauderdale. By CARL JUSTE NO. 3: APARTMENT RENTS HAVE TAKEN A SURPRISING TURN IN SOUTH FLORIDA. WILL THE TREND CONTINUE? What to know about the market in Miami and Broward. | Published November 15, 2024 | Read Full Story by Rebecca San Juan Sipiwe Anderson, a condo owner, looks at paperwork related to her special assessment on June 10, 2023 for her condo in Miami Beach. By Pedro Portal NO. 4: FACING A SPECIAL ASSESSMENT? MIAMI-DADE COUNTY OFFERS A $50K LOAN TO HELP CONDO OWNERS Many condo owners found relief in this county loan program. Money is tight for the future. | Published December 31, 2024 | Read Full Story by Rebecca San Juan Mario Verciani, CEO of SmartCore Systems, displays a sensor same as the ones installed at the Bay House Miami Residences in Edgewater, by his company that provides structural health monitoring (SHM) services to buildings including condominiums, in Miami, on Tuesday February 11, 2025. By Pedro Portal NO. 5: STURDY, SINKING, SHAKY? MIAMI COMPANY OFFERS AN EARLY WARNING SENSOR SYSTEM FOR CONDOS 'We have monitoring in place, and our structure has not moved. We have real time data.' | Published February 14, 2025 | Read Full Story by Denise Hruby Illustration by By Rachel Handley NO. 6: FLORIDA'S SURFSIDE LAW HELPS DEVELOPERS AS CONDO OWNERS FACE SPIKING FEES AND FORECLOSURES 'The building collapse was probably not at all due to financial conditions or lack of reserves.' — Margaret Rolando, co-creator of the Florida Bar task force that issued recommendations after the tragedy | Published March 1, 2025 | Read Full Story by Alexandra Glorioso Rebecca San Juan Condos line the Intracoastal Waterway in Sunny Isles Beach. By MATIAS J. OCNER NO. 7: '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 This report was produced with the help of AI tools, which summarized previous stories reported and written by McClatchy journalists. It was edited by journalists in our News division.
Miami Herald
22-03-2025
- Business
- Miami Herald
Seven urgent challenges that Miami condos and owners have faced the past year
Real Estate News Seven urgent challenges that Miami condos and owners have faced the past year Miami condo living faces mounting financial and safety challenges, underscored by escalating repair costs, lawsuits and market instability. New structural integrity mandates, enacted after the Surfside collapse, have led to financial strains for condo owners, including special assessments and association fees. Legal disputes, such as those involving luxury towers in Bal Harbour, highlight issues of deferred maintenance, structural risks and misallocated funds. While some properties struggle with plummeting prices, others face buyer hesitancy due to rising insurance costs and repair fees, leaving both sellers and buyers in precarious positions. With legislative relief delayed until at least 2025, residents are left grappling with financial uncertainty in a tightening market. The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories below were reported, written and edited by McClatchy journalists. Miami skyline, including Bayside Market Place, Freedom Tower and the Miami Heat arena. By Pedro Portal NO. 1: WHY HOMEBUYERS ARE POURING INTO SOUTH FLORIDA DESPITE RECORD-BREAKING HIGH PRICES Miami-Dade County has a new historically high median sales price for single-family homes. | Published May 25, 2024 | Read Full Story by Rebecca San Juan Single-family home and condo prices continue to climb in South Florida, despite a slowdown in sales activity. Above: A photo of the FTX Arena and several residential high-rises, including Zaha Hadid's One Thousand Museum. By Pedro Portal NO. 2: HOME PRICES ARE UP AGAIN IN MIAMI, BUT WHERE ARE THE BUYERS? CONDOS ARE AN ISSUE What to know about changes in the real estate market. | Published June 22, 2024 | Read Full Story by Raisa Habersham Real estate properties sits off Lake Santa Barbara in Pompano Beach, Florida on Monday, April 26, 2021. By MATIAS J. OCNER NO. 3: CONDO SELLERS IN MIAMI-DADE FACE A BITTER REALITY — PRICES KEEP FALLING. HERE'S WHY What to know about the number of deals and the median prices in South Florida. | Published July 24, 2024 | Read Full Story by Rebecca San Juan The Miami-Dade Marine Patrol Unit navigates as search and rescue personnel search for survivors through the rubble at the Champlain Towers South Condo in Surfside, Florida, Sunday, June 27, 2021. The apartment building partially collapsed on Thursday, June 24. By David Santiago NO. 4: DESANTIS WON'T CALL LAWMAKERS TO TALLAHASSEE TO ADDRESS CONDO CRISIS. AT LEAST NOT YET 'Things need to be kind of teed up so that we're going to be successful,' DeSantis said. | Published September 19, 2024 | Read Full Story by Rebecca Liebson 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. 5: 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 The Miami-Dade Marine Patrol Unit navigates as search and rescue personnel search for survivors through the rubble at the Champlain Towers South Condo in Surfside, Florida, Sunday, June 27, 2021. The apartment building partially collapsed on Thursday, June 24. By David Santiago NO. 6: NO DELAY ON LOOMING DEADLINE FOR CONDO REPAIR FEES, FLORIDA GOP LEADERS DECIDE But condominium associations that don't comply with impending reserves budgeting will not be penalized by the state. | Published November 20, 2024 | Read Full Story by Ana Ceballos Alexandra Glorioso Rebecca San Juan The partial collapse of the Surfside condo tower, Champlain Towers South, above, on June 24, 2021, has led to a Dec. 31, 2024, deadline for condo associations to file a structural integrity report on condo buildings three stories or higher. By Matias J. Ocner NO. 7: FLORIDA CONDO CRISIS NEEDS TO BE ADDRESSED BY LAWMAKERS. HERE'S A STARTING POINT | OPINION While the Legislature won't convene a special session before a key Dec. 31 deadline for condo owners, here's what lawmakers should address next year. | Published December 4, 2024 | Read Full Story by Gary M. Mars This report was produced with the help of AI tools, which summarized previous stories reported and written by McClatchy journalists. It was edited by journalists in our News division.
