Jay Parker, & Michael Stern
Douglas Elliman and JDS Development hosted an in-depth panel discussion on July 26 exploring both developing and selling Monad Terrace as well as reviewing Miami Beach's current real estate market. The panel gave listeners insight from industry titans Jay Parker, CEO of Douglas Elliman Florida and Michael Stern, founder and Managing Partner of JDS Development.
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According to new reports Crescent Heights has finally struck a deal with the city of Miami Beach to redevelop the former South Shore Hospital site, the three-block lot between Alton and West Avenue from 5th to 7th streets, into a 42-story tower.
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The Miami office of global architecture and design firm, Perkins+Will, has announced the opening of the recently completed Baptist Health facility at 709 Alton Road. The four-story outpatient care center was developed by Crescent Heights and features 120,000 SF of total development.
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Fashion designer Anthony Thomas Melillo of the clothing brand ATM, has listed his Miami Beach condo for $625,000. The condo is located in Montclair Lofts, which is walking distance from Lincoln Road, and features custom design and minimalistic décor.
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The legendary cul-du-sac, located at 46 Star Island, which was originally built by the "founder" of Miami Beach Carl Fisher, has dropped its price from a city high $65 million to $48 million. The mansion also previously listed via auction without reserve on January 31 with Concierge Auctions in December but did not sell.
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Italian Fashion icon, Renato Balestra, who has designed clothes for the likes of the Queen of Thailand and the Empress Farah Diba, has listed his condo in Murano Grande for $4.7 million. Murano Grande is located in South Beach's exclusive South-of-Fifth neighborhood.
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In particular, flood insurance companies are re-evaluating what kind of coverage they can provide to coastal areas with greater threat of flooding, storm surge, and unpredictable weather.
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Lennar Executive Chairman Stuart Miller has acquired Thomas Kramer's former 4 and 5 Star Island Drive for $33 million. The 1.84-acre property is adjacent to two other lots that Miller owns on the exclusive island, 6 and 7 Star Island Drive.
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Grammy Award winning artist Shakira has listed her Miami Beach home for $11.648 million. Shakira recently renovated the manse which is located at 3140 North Bay Road Drive in Miami Beach features traces of the musician's Lebanese heritage including bone inlays, handmade decorative mirrors and a hookah lounge area.
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In the dense tourist neighborhoods of South Beach, Miami lie a variety of different hotels, however, some tourists opt to - intentionally or unintentionally - illegally rent places to stay Airbnb or other properties available through home-sharing platforms like Vacayo, Booking.com or Expedia’s HomeAway.
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