Miami Condos and Real Estate News

Miami Beach, Florida – Today we have various Florida Real Estate news coming from the Miami Area in Dade County. The famous singer Ricky Martin has recently sold his Miami Beach home for $10.6 million. The Florida Real Estate is situated at 5130 North Bay Road. The property owned by Ricky Martin sold to a Florida Home Investor.
North Bay Road Miami, FL

The property, which is located at 5130 North Bay Road, has 10,000 square feet. North Bay Road is the home to many Miami celebrities, including two members of the Miami Heat: Dwyane Wade and Chris Bosh. Martin previously sold another Miami-area property in Golden Beach for $6.3 million last year.

Miami Real Estate amd Ricky Martin

Ricky Martin is currently starring in Evita. This event is now playing on Broadway. Mr. Martin wanted $12.5 million for the Miami Real Estate. However the Florida Home was built in 2004, and was sitting on the market on and off for nearly five years. The Puerto Rican singer bought it in May 2005 for $10 million, according to records. The property was listed for $19.5 million in 2008, but Martin steadily decreased his price as most Investors have been forced to do with this slow moving economy.

Miami Beach Real Estate Developers Progress

A Miami Real Estate Developer has recently proposed large mall project at the MacArthur entrance to the sunny South Beach area. Developer Crescent Heights, in partnership with Paragon Outlets, is proposing a large-scale mall project at the former South Shore Hospital site near the MacArthur causeway.

The project, which would have a total of 450,000 square feet of much needed retail space and 200,000 square feet of condominium space, would represent a marked shift in the highway approach to South Beach. The Miami Area is one of the few areas in the Country that wants new Condo Towers and townhomes. The Miami Developer sees this proposed project as a community event and a community opportunity. It would be one of the largest Miami Real Estate Developments in recent history.

Miami Beach Architects and Real Estate Developments

The Developer Crescent Heights will unveil proposed designs soon. The plans for a large outlet mall and residential complex could very well alter the entryway into South Beach in a major way.

Three firms are competing for a contract to design the project around the site of the abandoned South Shore Hospital. This Miami Property sits just north of the MacArthur Causeway. The Miami Real Estate for proposed Condos and retail will present their visions at Miami Beach City Hall’s commission chambers. Miami Residents will see this is an unprecedented venue for a private event.

Alton Road Real Estate in South Beach Florida

In past years, the three-block project stretching north from Fifth Street and Alton Road has been discussed as a high-end shopping center. However Galbut said Crescent Heights now plans a mall with their new retail partner Paragon Outlets. Plans will include public components, such as a three-acre park and a strategy to improve the severely congested intersection where Alton Road meets the causeway. Among the solutions discussed: building a new northbound Alton Road flyover with an extra lane. The firms of Gensler, Benoy, + Add, and Skidmore, Owings and Merrill have been tasked with designing a winning plan.