Category: NEW RESIDENTIAL

Affordable Apartments Slated For Coconut Grove

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It’s expected many of the people who will be selected as tenants of the lower-priced apartments are from everywhere but Coconut Grove, due to guidelines set forth by federal housing officials for the recent apartment lottery. CLICK ON THE HEADLINE FOR MORE

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Lender Seeks Foreclosure Of Stalled Arbor Residences Project In Coconut Grove

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Trez Capital filed a foreclosure lawsuit against the developer alleging the company failed to repay its nearly $21 million loan and failed to complete the five-story, 48-unit building. Prices for single-family homes and condos in the Grove have skyrocketed, and buyers at the Arbor are likely even more outpriced than they were before. Rising construction costs, labor issues and supply chain problems are affecting developers, as well. CLICK ON THE HEADLINE FOR MORE

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Mayfair House Hotel Reopens After $50 Million Renovation

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History is endangered in Coconut Grove these days. The charming old bungalows are being replaced by huge concrete cubes at an alarming rate, and gentrification threatens the historic Black Grove neighborhood. The new Mayfair, however, pays tribute to everything that made the Grove special. CLICK ON THE HEADLINE FOR MORE

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Miami Not Building Enough Housing To Match The National Average

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According to a new report, the Miami Metro area as a whole isn’t building enough new housing to match the national average. Instead of expanding with new suburbs as in other metro areas, developers in Miami have been building vertically – but it still isn’t enough. CLICK ON THE HEADLINE FOR MORE

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Investors Are Buying Fewer Homes Than Pandemic Peak, But Their Share Continues To Grow Amid Changing Housing Market

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Whether investors or owner-occupiers are more sensitive to rising rates is something being watched closely. The expectation is sellers aren’t going to be able to sell their homes as quickly as they have, especially as they did last year, which will result in price cuts. Investors may, therefore, be holding off to take advantage of better deals down the line. CLICK ON THE HEADLINE FOR MORE

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