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Miami Herald
24-04-2025
- Business
- Miami Herald
Here are 8 key real estate trends shaping South Florida
Real Estate News Here are 8 key real estate trends shaping South Florida South Florida's real estate market is surging with bold projects and shifting demands. This collection of stories outlines new luxury towers like Soreno Fort Lauderdale and W Pompano Beach Hotel Residences, both promising high-end amenities and ocean views. Affordable housing is in focus as developers reimagine sites such as the former DeSoto Square Mall for cost-conscious renters. Condo owners grapple with stricter safety laws after the Champlain Towers tragedy, bringing new assessments and confusing deadlines. Meanwhile, lawsuits like the Hollywood Beach high-rise dispute highlight ongoing battles over local control and the promise of more 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. 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 Real estate developers Related Group and BH Group announced its plans to develop W Pompano Beach Hotel & Residences, a swanky 24-story tower on nearly four beachfront acres managed by luxury chain W Hotels. Construction is likely to begin in 2027. An artist rendering shows what the project will look like. NO. 2: POMPANO BEACH GETS A NEW LUXURY DEVELOPMENT AMID CONSTRUCTION BOOM. CONDOS START AT $3.1 M Pompano Beach, a coastal Broward city in the midst of a building boom, is getting a new addition to its changing skyline: | Published November 20, 2024 | Read Full Story by Amanda Rosa Midtown Miami complex in 2022. NO. 3: HOW MUCH ARE YOU PAYING TO RENT AN APARTMENT IN MIAMI OR BROWARD? TAKE A LOOK AT COST Redfin crunched the median rent in South Florida. | Published November 18, 2024 | Read Full Story by Miami Herald Archives A rendering shows developers' plans to reconstruct the Deauville Beach Resort in Miami Beach. NO. 4: A NEW PROJECT IS PLANNED AT THE FORMER DEAUVILLE HOTEL SITE. HERE'S WHAT IT LOOKS LIKE The proposal would reimagine the historic hotel and add two condo towers. | Published November 26, 2024 | Read Full Story by Aaron Leibowitz An affordable housing apartment complex is planned for the DeSoto Square Mall property where currently storm debris is being processed. By Tiffany Tompkins NO. 5: WANT TO LIVE WHERE A MALL USED TO BE? AFFORDABLE APARTMENTS COMING TO THIS FLORIDA AREA Check out what's planned. | Published January 22, 2025 | Read Full Story by Jason Dill New York-based Condra Property Group wants to build an 18-story tower along Hollywood Beach. NO. 6: DEVELOPER'S PLANS FOR HIGH-RISE ON HOLLYWOOD BEACH WERE REJECTED. NOW THEY ARE SUING The lawsuit could impact how local governments implement the Live Local Act. | Published February 1, 2025 | Read Full Story by Amanda Rosa Condo inventory reached a new high in August in Miami-Dade County, finally tipping the market in favor of buyers. Above: Apartment rentals and condominiums dot the waterfront in North Bay Village. By MATIAS J. OCNER NO. 7: CONDOS IN FLORIDA ARE FACING A GROWING CRISIS. WHAT'S NEXT FOR OWNERS AFTER DEADLINE? Safety guidelines that went into effect this year are driving up costs and scaring off buyers. | Published February 19, 2025 | Read Full Story by Rebecca Liebson Integra Investments, a Miami-based real estate development firm, and co-developer Flying Point announced plans for Sereno Fort Lauderdale, a luxury condominium with prices starting at $1.4 million. The building offers 360 views of nearby parks and Atlantic Ocean. NO. 8: 'LUXURY COASTAL LIVING': MIAMI DEVELOPER BRINGING 14-STORY BUILDING TO FORT LAUDERDALE Love the 'Fort Lauderdale active lifestyle'? A new development is coming to town | Published March 20, 2025 | Read Full Story by Amanda Rosa 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
20-03-2025
- Business
- Miami Herald
‘Luxury coastal living': Miami developer bringing 14-story building to Fort Lauderdale
A Miami-based real estate firm has set its sights up north with Fort Lauderdale's latest luxury development, complete with panoramic nature views and a rooftop pickleball court. Integra Investments and co-developer Flying Point announced this week the launch of Soreno Fort Lauderdale, a 14-story luxury condominium offering 76 upscale one- to three-bedroom residencies ranging from 1,080 to 2,400 square feet. Construction will begin in 2026 and take about two years to complete. Prices start at $1.4 million. Located at 2901 NE Ninth Court, just down the street from Galleria Mall, Soreno Fort Lauderdale is the latest contender to enter the city's development boom, including a $130 million marina on Las Olas, mixed-use developments sprouting in the historically Black Sistrunk neighborhood and a slew of other luxe high rises. 'Fort Lauderdale continues to attract buyers seeking luxury coastal living, and the demand for high-end residences in prime locations has never been stronger,' said Daniel de la Vega, President of ONE Sotheby's International Realty, which is handling the unit sales. 'Sereno Fort Lauderdale checks all the boxes with exceptional design, world-class amenities, and a lifestyle seamlessly connected to the water. This project will further elevate the city's luxury real estate landscape and we anticipate significant interest from both domestic and international buyers.' Designed by FSMY Architects + Planners, the building appears to be made almost entirely out of glass. The residences include floor-to-ceiling windows and balconies that show off one of its biggest selling points: the 360-degree view of the Atlantic Ocean, Intracoastal Waterway, Hugh Taylor Birch State Park and the Bonnet House Museum & Gardens. The residences come with Italian kitchens outfitted with Subzero and Wolf appliances and access to the development's two rooftops, one for swimming and another for wellness. The residence rooftop features a resort-style pool, sun deck and kitchen area. On the rooftop of the development's parking garage there will be a private pickleball court, fitness center, steam room, sauna, cold plunge, outdoor shower and yoga lawn. Other amenities include a residents' lounge, children's playroom, full-time valet, vehicle charging stations and a pet spa. 'We figured that whoever is going to buy here, with the state park to the north, the other park to the south, the beach and the general community, is going to want to enjoy that active Fort Lauderdale lifestyle,' said Victor Ballestas, an Integra Investments partner. This latest development builds on the success of Sereno Bay Harbour, which Integra launched almost 10 years ago in the chic beach town next to Surfside, Ballestas said. The new location was an opportunity to fill a certain niche in Fort Lauderdale, where high end developments tend to be either small units that are generally bought by investors or very large units for ultra high end buyers, he said. 'We can replicate that end-user, high-end condominium design and give people the ability to buy something at a price that's reasonable, but also is a very livable boutique product,' Ballestas said. 'We tried real hard to fit a niche in Fort Lauderdale that we don't think is being served right now. I don't think we have a lot of direct competitors in our size range, price point, location.'
