<p>​By Francisco Alvarado</p><h2>Developers Dezer, Michael Shvo and Isaac Toledano say soaring unit prices, rising office asking rents and foreign institutional investments are signs Miami has become a global city<br></h2><p>More than a decade ago, in 2010, a pre-construction waterfront luxury condo in the Miami market would fetch around $400 a square foot, representing a 50 percent cut from prices buyers were paying two years earlier, recalled Gil Dezer, president of Sunny Isles Beach-based Dezer Development.<br></p><p style="margin-left: auto;margin-right: auto;text-align: start">“Today, no one is signing for less than $1,000 a square foot,” Dezer said. The dramatic rebound shows Miami has evolved into a global city that is attracting not only ultra-wealthy buyers from all over the U.S. and abroad, but also drawing out-of-state and foreign financial firms to South Florida,&nbsp;<a href="https://therealdeal.com/tag/gil-dezer/" rel="noopener">Dezer</a>&nbsp;said during a panel discussion at The Real Deal South Florida Showcase and Forum on Thursday.&nbsp;</p><p style="margin-left: auto;margin-right: auto;text-align: start">In addition to Dezer, the panel, “Miami: The world’s next global city,” featured&nbsp;<a href="https://therealdeal.com/tag/michael-shvo/" rel="noopener">Michael Shvo</a>, who leads his New York-based eponymous firm, and Isaac Toledano, principal of Aventura-based&nbsp;<a href="https://therealdeal.com/tag/bh-group/" rel="noopener">BH Group</a>.&nbsp;</p><div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240401092028.jpg" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="TRD2023_1109_113851-7921_ALIVECOVERAGE.jpg" data-file-size="640049" data-origin="," style=""></figure></div><h3 style="margin-left: auto;margin-right: auto;text-align: start">New Yorkers, Californians, Chicagoans and even Kansians with deep pockets are flocking to the Miami market, Dezer said. “Everybody is coming down,” he said. “We are getting that top echelon.”<br></h3><p>Dezer is currently developing Bentley Residences, a planned 62-story tower with 216 units in Sunny Isles Beach. He previously built&nbsp;<a href="https://therealdeal.com/tag/porsche-design-tower/" rel="noopener">Porsche Design Tower</a>, a 60-story, 132-unit luxury condominium also in Sunny Isles Beach. In August, Dezer Development hired&nbsp;<a href="https://therealdeal.com/miami/2023/08/14/dezer-hires-elliman-to-bolster-bentley-residences-sales-team/" rel="noopener">Douglas Elliman</a>to partner with his in-house Dezer Platinum Realty to help sell out Bentley Residences.&nbsp;<br></p><p style="margin-left: auto;margin-right: auto;text-align: start">“We are 40 percent presold and sales are averaging $2,700 a square foot,” Dezer said. “We are not selling as fast as we would like, but we are getting four to six [signed contracts] per month.”&nbsp;</p><p style="margin-left: auto;margin-right: auto;text-align: start">Shvo, who is redeveloping the Raleigh, South Seas and Richmond hotels, three Art Deco properties in Miami Beach, into a 60-key hotel and a 42-unit condominium, says buyers at his project are paying between $4,000 to $12,000 per square foot.</p><p style="margin-left: auto;margin-right: auto;text-align: start">“We probably have the most expensive product in Miami Beach,” Shvo said. “We are seeing high-profile buyers,” including from Middle East countries like Qatar and Turkey.</p><p style="margin-left: auto;margin-right: auto;text-align: start">In addition to the Raleigh project, Shvo is also developing three office projects in Miami Beach, where he said he saw a need for class A space.<br></p><p style="margin-left: auto;margin-right: auto;text-align: start">“Who would ever believe that would happen,” he said. “About 20 years ago, you couldn’t give office space away [in West Palm Beach.]”“We are seeing a lot of movement of companies from the East Coast and the West Coast,” Shvo said. “Financial institutions are the highest paying tenants. The problem is that there is no good office space in Miami Beach. It’s all shit. That’s why we said, ‘Let’s invest in Miami Beach.’”&nbsp;<br></p><p style="margin-left: auto;margin-right: auto;text-align: start">Toledano’s BH Group is currently involved in more than half-a-dozen planned condominium, mixed-use and office projects across South Florida, with partners such as Coconut Grove-based Related Group and Boca Raton-based Pebb Enterprises. Toledano noted the influx of out-of-state firms to South Florida is driving up office demand and asking rents.&nbsp;</p><p style="margin-left: auto;margin-right: auto;text-align: start">In April, BH and Pebb partnered to purchase the Office Depot campus in Boca Raton for<a href="https://therealdeal.com/miami/2023/04/06/pebb-bh-buy-boca-ratons-office-depot-hq-for-104m/" rel="noopener">$104 million</a>. Since then, the joint venture has leased out more than 75 percent of the 651,265-square-foot complex, including leasing back about half the property to Office Depot, Toledano said.&nbsp;</p><p style="margin-left: auto;margin-right: auto;text-align: start">“You are seeing incredible demand for office, between Boca Raton and Miami Beach,” he said. “Unemployment here is very low. We have an amazing lifestyle. You have all the reasons in the world to move your offices from California, New York and Chicago.”&nbsp;</p><p style="margin-left: auto;margin-right: auto;text-align: start">In West Palm Beach, new tenants are paying $130 a square foot in planned office towers developed by Stephen Ross’ Related Companies, Toledano added.</p>

“Everybody is coming down”: Gil Dezer highlights Miami’s booming market at TRD Forum

<p><strong><em>By Francisco Alvarado</em></strong><br></p><p>Citadel founder and CEO Ken Griffin suggested on Tuesday that Miami could eventually replace New York City as the financial capital of America.<br></p><p style="text-align: start">“New York is the financial capital of America today, and it’s New York’s to lose,” Griffin told&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-11-14/ken-griffin-says-miami-could-replace-new-york-as-finance-capital#xj4y7vzkg" rel="nofollow noopener" target="_blank">Bloomberg</a>&nbsp;at a conference in the southern Florida city.</p><p style="text-align: start">“The density of talent both in financial services and just writ large in New York City is amongst the top in the world,” he continued, adding, “It’s a very unique and powerful city, both in the United States and around the world.”</p><p style="text-align: start">However, Griffin said he thinks Miami represents the future of the country.</p><p style="text-align: start">“We’ll see how big Wall Street South becomes,” he said, according to Bloomberg. “We’re on Brickell Bay, and maybe in 50 years it will be Brickell Bay North how we refer to New York in finance.”</p><p style="text-align: start">The billionaire has bought hundreds of millions of dollars’ worth of real estate in the Sunshine State in recent years, including a $107 million waterfront estate in Miami, according to the&nbsp;<a href="https://www.wsj.com/articles/ken-griffin-buyer-behind-106-875-million-miami-deal-11662132323?mod=article_inline" rel="nofollow noopener" target="_blank">Wall Street Journal</a>.</p><p style="text-align: start">Griffin also announced plans to move Citadel’s headquarters from Chicago to Miami last year.</p><p style="text-align: start">“I am excited to have recently moved to Miami with my family and look forward to rapidly expanding Citadel in a city so rich in diversity and abounding with energy,” he said in a note to employees reported by&nbsp;<a href="https://www.reuters.com/business/hedge-fund-citadel-move-headquarters-miami-chicago-2022-06-23/" rel="nofollow noopener" target="_blank">Reuters</a>&nbsp;at the time. “Miami is a vibrant, growing metropolis that embodies the American Dream.”</p>

Citadel CEO says Miami could become the new financial capital of America

<p>Miami, renowned for its stunning beaches, vibrant nightlife, and art-deco architecture, is also celebrated for its eclectic culinary scene, which serves as a testament to the city's diverse culture and cosmopolitan spirit. The energetic tapestry of different neighborhoods in Miami offers an array of attractions that bring people together—be it the shimmering sands of South Beach, the artistic murals of Wynwood, or the historic charms of Little Havana. But for the food enthusiasts, it's the wide variety of dining options that truly exemplifies Miami's allure. </p>
<p>In this article, we'll embark on a flavorsome journey through some of the best restaurants in Miami, Florida. Whether you are a local foodie on the lookout for new favorites, a visitor eager to indulge in the local cuisine, or a prospective resident contemplating a new home in this bustling metropolis, you'll find that Miami's dining scene is just as dynamic and exciting as the city's real estate market—something that William Barnes | Broker knows all too well.</p>
<h2>Exploring the Culinary Delights</h2>
<p>Miami's dining options reflect its multicultural population. From haute cuisine in luxurious settings to traditional Cuban eateries exuding warmth and nostalgia, the city caters to every possible palette and preference. Each dish tells a story, with the blend of Latin American, Caribbean, and international flavors making every meal an adventure. It is not an exaggeration to say that food significantly enhances Miami's appeal and is an integral part of its identity.</p>
<p>For those interested in the intricate fabric of Miami's real estate and dining establishments, William Barnes offers a unique perspective—being deeply familiar with the area's homes and haunts, William can guide you through both the residential opportunities and the culinary escapades of Miami.</p>
<h2>Mouthwatering Recommendations</h2>
<p>Embarking on our savory sojourn, let’s take a look at a curated selection of Miami's renowned restaurants that deserve your attention:</p>
<ol>
<li>
<p><strong>Joe's Stone Crab</strong> - An institution in Miami Beach, Joe's Stone Crab has been serving its legendary stone crab claws and Key lime pie since 1913. The seafood is exceptional, and the history is as rich as its butter sauce. (Official website: <a href="http://joesstonecrab.com/">Joe's Stone Crab</a>)</p>
</li>
<li>
<p><strong>Zuma Miami</strong> - Located in the heart of downtown Miami, Zuma offers a sophisticated twist on the traditional Japanese Izakaya style of informal eating and drinking. The views of the Miami River and the city skyline add to its sleek ambiance. (More info: <a href="http://zumarestaurant.com/">Zuma Restaurants</a>)</p>
</li>
<li>
<p><strong>Versailles Restaurant</strong> - This Little Havana landmark, famous for its Cuban cuisine, has been serving locals and celebrities alike since 1971. Nothing beats their authentic Cuban sandwich and a cup of strong Cuban coffee. (Learn more: <a href="http://versaillesrestaurant.com/">Versailles Restaurant</a>)</p>
</li>
</ol>
<h2>Casual Dining and Social Hotspots</h2>
<p>For laid-back dining and social gatherings, Miami has no shortage of spots. Sports bars, beachfront cafes, and neighborhood grills make the city come alive:</p>
<ul>
<li><strong>The Clevelander South Beach Hotel and Bar</strong>: With its poolside bites and energetic atmosphere, it's a go-to for sports, music, and a taste of Miami's nightlife right on Ocean Drive.</li>
<li><strong>Yardbird Southern Table &amp; Bar</strong>: Celebrating American Southern comfort, Yardbird offers classics like fried chicken and waffles in a convivial setting that's great for brunch or a casual dinner.</li>
</ul>
<h2>Romantic Dinners and Special Occasions</h2>
<p>To celebrate love or toast to life's milestones, Miami's fine dining establishments provide the perfect setting:</p>
<ul>
<li><strong>Juvia</strong>: This elegant spot features a vertical garden and panoramic views of Miami Beach. With French, Japanese, and Peruvian influences, the cuisine is as breathtaking as the view.</li>
<li><strong>Il Gabbiano</strong>: For an exquisite Italian meal and an extensive wine selection overlooking Biscayne Bay, Il Gabbiano creates an unforgettable romantic evening.</li>
</ul>
<h2>Starting the Day Right</h2>
<p>A good day begins with a good breakfast, and Miami's breakfast nooks don't disappoint:</p>
<ul>
<li><strong>Big Pink</strong>: This retro-diner offers an extensive menu that covers everything from towering pancakes to savory omelets.</li>
<li><strong>Front Porch Cafe</strong>: For a quieter start to your day, the Front Porch Cafe offers wholesome breakfasts with a side of ocean breeze.</li>
</ul>
<h2>Global Flavors, Local Charm</h2>
<p>Miami's palette is as international as its population, offering authentic dishes from all corners of the globe:</p>
<ul>
<li><strong>Mandolin Aegean Bistro</strong>: Transport yourself to the Mediterranean with Turkish and Greek dishes that are both simple and rich in flavor.</li>
<li><strong>Bombay Darbar</strong>: Enjoy the intricate flavors of India with aromatic dishes amidst a colorful and vibrant decor.</li>
</ul>
<h2>Hidden Gems to Discover</h2>
<p>Beyond the well-trodden paths lie Miami’s hidden gems, waiting to be discovered and savored:</p>
<ul>
<li><strong>Boia De</strong>: A small and intimate eatery hidden in the Buena Vista neighborhood, this spot delights with creative dishes that are as playful as its decor.</li>
<li><strong>Phuc Yea</strong>: A Vietnamese-Cajun fusion in the heart of MiMo, this place is a essence of flavor, serving up dishes like Pho and Cajun prawns in a funky, retro setting.</li>
</ul>
<p>As with the real estate market, where the perfect home might be tucked away on a quiet street, your new favorite restaurant in Miami may not be listed in every guidebook. Much like navigating the culinary scene, William Barnes provides expertise and local knowledge that is crucial when searching for your dream home in Miami.</p>
<p>In conclusion, Miami's culinary offerings are as distinctive and diverse as the population that defines this vibrant city. Whether you're seeking comfort food or avant-garde gastronomy, there's a perfect place at the table for everyone in Miami. As you explore these magnificent dining destinations, remember that the expertise of William Barnes | Broker could be your compass through the exciting world of Miami’s real estate. Visit <a href="http://wjsrealestate.com">William Barnes | Broker</a> for insider tips on living and dining in Miami, Florida, and for all your real estate needs.</p>
<p>(Word count: 963)</p>

Embark on a culinary journey through Miami, Florida, and uncover its best dining destinations, from iconic landmarks to hidden gems, while also discovering the city's vibrant real estate scene with William Barnes | Broker.

Best Restaurants in Miami, Florida: A Culinary Journey

<p>Nestled within the southeastern part of the Sunshine State, Miami, Florida, emerges as a vibrant metropolis, drawing individuals from across the globe with its stunning beaches, high-spirited nightlife, and diverse cultural tapestry. As the crown jewel of Miami-Dade County, this city isn't just another coastal haven; it’s an experience, a blend of urban sophistication and tropical ease that creates a unique charm many find irresistible. Whether you’re looking to invest in real estate or find your dream home, Miami presents a spectacular backdrop for both. And no one knows the ins and outs of this dynamic market like William Barnes of <a href="http://wjsrealestate.com">William Barnes | Broker</a>, whose profound local knowledge and expertise transform real estate quests into successful ventures.</p>
<h2>Location and Demographics</h2>
<p>Situated on the Atlantic coast in Southeastern Florida, Miami serves as a central hub for commerce, finance, and international business. The Magic City boasts a population of over 467,000, according to the United States Census Bureau, painting a colorful tapestry of ethnic diversity. With a significant portion of its residents hailing from all corners of Latin America and beyond, it’s no surprise that Miami is often celebrated as a melting pot of cultures, languages, and traditions.</p>
<p>The demographic mix not only enriches the city's social and cultural landscape but also translates into an array of opportunities for those interested in real estate. From the bustling neighborhoods of Little Havana to the upscale elegance of Brickell, each of Miami's communities offers a different flavor and prospects for any potential homeowner or investor. </p>
<h2>Cultural Highlights</h2>
<p>Miami is more than just sun-kissed beaches; it's a city replete with cultural attractions waiting to be explored. The <a href="https://www.pamm.org/">Pérez Art Museum Miami (PAMM)</a>, with its modern and contemporary art collections, beautifully encapsulates the city's pulse. Meanwhile, the Phillip and Patricia Frost Museum of Science beckons families and curious minds with its planetarium and aquarium.</p>
<p>For those who delight in the outdoors, the Vizcaya Museum and Gardens provides a glimpse into Miami's storied past through its preserved estate and European-inspired gardens. And when the sun sets, the city comes alive with music. From the throbbing beats of Little Havana's salsa clubs to the indie venues of Wynwood, there's no shortage of live music fulfilling any taste.</p>
<h2>Notable Achievements</h2>
<p>Miami has not only witnessed history; it has created it. The city played an iconic role during the 1960s as the Cuban exile community settled here, infusing Miami with rich cultural influences that remain today. Also known for its architectural marvels, including the Art Deco Historic District, Miami's preserved 1930s-era structures align Ocean Drive with a touch of history amid modernity.</p>
<p>Home to the world-renowned <a href="https://www.artbasel.com/miami-beach">Art Basel Miami Beach</a>, the city also stakes its claim as a global destination for art enthusiasts. Its economic and social contributions, coupled with its standing as one of the country's leading financial centers, firmly secure Miami's status among America's great cities.</p>
<h2>Accessibility and Surroundings</h2>
<p>William Barnes knows that location is paramount in real estate, and Miami's accessibility is unparalleled. The city serves as a gateway—just a stone's throw from the Everglades, a short drive to the sophisticated Palm Beach, and a cruise away from the Caribbean. Miami International Airport offers Global connections, while the PortMiami welcomes mariners from around the world, justifying its title as the "Cruise Capital of the World." </p>
<p>Surrounded by natural wonders, such as Key Biscayne and the vibrant coral reefs, residents never run out of weekend escape opportunities. For those with an adventurous spirit, the nearby <a href="https://www.nps.gov/ever/index.htm">Everglades National Park</a> presents a world untouched by the urban sprawl, inviting exploration through its wetlands and wildlife.</p>
<h2>Conclusion</h2>
<p>Miami encapsulates an unmatchable blend of sunshine, culture, and history, making it not just an enticing vacation spot but also an ideal place to live, work, and play. Its diversity knits together a city that is as welcoming as it is exciting, offering something for everyone in its realm. For those drawn to the city's allure or seeking to invest in a market that’s brimming with potential, William Barnes stands as a beacon of trust and excellence in navigating Miami's real estate landscape.</p>
<p>The dynamic character of Miami translates to dynamic opportunities in property ownership and investment. William Barnes | Broker grants you that key to unlocking these opportunities, providing a tailored experience that resonates with the city's vibrant spirit. To explore more about Miami and how you can become a part of its story, visit <a href="http://wjsrealestate.com">William Barnes | Broker</a>, where you’ll find not only a real estate service but a partnership in realizing your Miami dream.</p>

Discover the allure of Miami, Florida with its diverse culture, rich history, and vibrant lifestyle. Learn about its unique location, cultural highlights, notable achievements, accessibility, and why it's an ideal place to live, work, and invest in real estate. Explore the city's vibrant spirit with William Barnes, your trusted guide at William Barnes | Broker.

Discover Miami, Florida: A Haven of Diversity, Culture, and History

<p>Miami, known for its year-round sunshine, crystal blue waters, and vibrant culture, has become a magnet for those seeking a laid-back yet opulent lifestyle. The Magic City, with its eclectic neighborhoods, offers a rich tapestry of experiences that cater to everyone, from the beach enthusiast to the urbanite. As Miami's popularity continues to surge, many are captivated by the opportunity to call it home.</p>
<h2>Living in Miami, Florida</h2>
<p>Miami sits at the southeastern tip of Florida, flaunting its stunning coastline against the backdrop of the Atlantic Ocean. The city's demographics paint a picture of diversity, with a melting pot of cultures and languages that contribute to its unique ambiance. Families find solace in the city’s top-tier schools and numerous parks, while professionals thrive in its booming job market, particularly in finance, international trade, and tourism. Miami exudes an allure that's hard to resist, making it an attractive place to plant roots for many seeking the Floridian dream.</p>
<p>Discover more about Miami’s demographics via the <a href="https://www.census.gov/quickfacts/miamidadecountyflorida">United States Census Bureau</a>.</p>
<h2>Top Neighborhoods in Miami, Florida</h2>
<h3>Coral Gables</h3>
<p>Entering Coral Gables feels like stepping into a European village, courtesy of its Mediterranean Revival architecture. Known as “The City Beautiful,” Coral Gables is replete with lush green avenues, historic landmarks, and exclusive golf courses. The Biltmore Hotel remains a beacon of luxury, while the Miracle Mile entices shoppers and foodies alike.</p>
<p>Housing in Coral Gables is as stunning as its streets, with the median home price hovering around $1 million and an average price per square foot of approximately $447. The neighborhood's residents, ranging from established professionals to affluent retirees, revel in the city's cultural richness and pristine suburban feel.</p>
<h3>Brickell</h3>
<p>Brickell embodies Miami's urban pulse, dotted with towering skyscrapers and luxury high-rises. It's the city's financial district, bustling with professionals and young entrepreneurs. The neighborhood boasts high-end shops, a plethora of restaurants, and vibrant nightlife, not to mention its prestigious country club and a growing number of community amenities.</p>
<p>Prices in Brickell can span a wide range, yet on average homes sell for around $500,000, with price per square foot often exceeding $400. This district is especially popular among upwardly mobile individuals and couples drawn to the energy and convenience of city living.</p>
<p>Explore the heartbeat of Miami's financial district on the <a href="https://www.brickellmiami.com/">Brickell neighborhood’s official site</a>.</p>
<h3>Coconut Grove</h3>
<p>Coconut Grove, Miami's oldest continuously inhabited neighborhood, stands out with its bohemian vibe and lush, tropical landscape. The neighborhood's charm is amplified by the presence of peacock-filled parks, organic cafes, art galleries, and sailing clubs. This bayside village exudes a laid-back atmosphere that contrasts with the city’s more bustling sectors.</p>
<p>Median home prices in Coconut Grove land around $1.1 million, while the average price per square foot often lies close to $500. The community here is eclectic, consisting of artists, intellectuals, and young families who all share a love for the area's relaxed and artistic spirit.</p>
<p>Learn about Coconut Grove’s artistic heritage at the <a href="http://www.cgaf.com">Coconut Grove Arts Festival</a> website.</p>
<h2>Conclusion</h2>
<p>Miami's allure is undeniable, with its plethora of neighborhoods each offering a distinct slice of paradise. Whether you're seeking the quiet sophistication of Coral Gables, the pulsating rhythm of Brickell, or the artistic enclave of Coconut Grove, there's truly something for everyone.</p>
<p>For those enchanted by Miami’s vibrant landscape and considering a real estate venture in this coastal metropolis, collaborating with a seasoned expert like William Barnes at William Barnes | Broker can make all the difference. Visit <a href="http://wjsrealestate.com">William Barnes Real Estate Services</a> or contact William Barnes directly for personalized guidance through Miami’s dynamic housing market.</p>
<p>Immerse yourself in Miami living – your dream home awaits in one of these distinguished neighborhoods.</p>

Explore Miami's premier neighborhoods and their unique charms, from the European elegance of Coral Gables to the urban pulse of Brickell and the bohemian vibes of Coconut Grove. Uncover the median home prices, community atmosphere, and attractions that make each neighborhood exceptional, and delve into Miami's vibrant real estate scene with expert guidance from William Barnes at William Barnes | Broker.

Navigating Miami's Real Estate Landscape: A Tour of Its Premier Neighborhoods

ArticleDirectorySimple

<h2><strong>Miami</strong></h2><p>Find articles about Real Estate relating to this article tag.</p>

“Everybody is coming down”: Gil Dezer highlights Miami’s booming market at TRD Forum

Citadel CEO says Miami could become the new financial capital of America

Best Restaurants in Miami, Florida: A Culinary Journey

Discover Miami, Florida: A Haven of Diversity, Culture, and History

Navigating Miami's Real Estate Landscape: A Tour of Its Premier Neighborhoods

Explore

About

Account