What new development means for Miami's future

Last update on May 18, 2012.

 What new development means for Miami's future

I have lived through many of Miami’s booms and bust. I remember in 1997 many of the real estate professionals where saying that Miami Beach was overbuilt and would have a serious correction. They were right but they missed the mark by 10 years of rapid growth.

All indicators are pointing to another strong real estate market in the coming years for Miami and Miami Beach’s eastern zones. Areas such as Brickell, Downtown, Midtown, Omni corridor, Wynwood, Design District, Uptown, and Miami Beach all have major development projects that have started or are about to start. On the west side of Biscayne Bay many of these neighborhoods will start merging together with very little decrepit areas in between and will form contiguous entertainment zones.

In Miami Beaches “South of Fifth” neighborhood, new openings of high end restaurants are becoming the norm with Philippe Chow, Gloutonnerie and Milos being the newest to the area. 

I see Miami reaching a status of a real major gateway city within the next ten years. 

Read article:http://www.miamiherald.com/2012/05/17/2804484/10-signs-miami-dades-economy-is.html 
http://www.thestreet.com/story/11538496/2/development-blooms-again-in-miami-beach.html

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