The twin-towered Everglades on the Bay project at 244 Biscayne Blvd in Downtown Miami has entered Chapter 11 bankruptcy protection.

Bank of America made the original $256 million construction loan and is listed as a creditor with no amount shown.

The largest unsecured creditors are Gryphon Construction and Holly Sime Realty. Both claims are listed as disputed.

According to MiamiCondoLifestyle.com, Everglades on the Bay had closed 87 units as of August 3rd, 2009 which…

Often it is informative as well as interesting to know the facts about the closed real estate transactions that are happening in our neighborhoods. Often the media would have us believe that ‘the sky is falling’! Take a look through this list of the Top 100 closed condo transactions by sales price for 2009 and maybe, like me, you’ll be asking yourself “How bad can it be?’

This months list of condos is one hundred…

Miami, Florida
December 21st, 2008

How to sell you Miami or Miami Beach condo apartment for the most money in a buyers market!!

This is a question that I am asked daily. Let’s think about where the buyers are coming from and how best to attract them. Currently, the majority of buyers are from somewhere else, Canada, Europe, South America and, of course, the snowy, blowy, icy…Northeastern United States.

Here are several absolute requirements…

December 14, 2008

On September 15th of this year we posted an article on the Brickell Key condominiums which included a graph of sales activity for the eleven buildings there (please see Diagram 1)

…

October 7th, 2008

Every day we get dozens of emails and phone calls from various buyers, sellers, landlords and tenants trying to find the information they need in order to make an informed and sound business decision about Miami condos and real estate. This is what we do all day long.

We are continually in “conversation” with multiple buyers and sellers, appraisers, banks, developers, landlords and other Realtors trying to find just the right…

This morning several hundred Miami Realtors gathered at 1060 Brickell Avenue to hear about the Brickell Avenue condo market and 1060 Brickell project. This event was sponsored by Maureen Levine from RAMB with a breakfast catered from Perricone’s Restaurant, a Brickell Village stalwart for over 12 years.

Charlotte Piro from Fortune, the sales director at 1060, shared some very aggressive pricing (shown below) with us and described the unique amenities in the building such as…

Miami WorldCenter Mall

Miami WorldCenter at Park West

WorldCenter at Park West, initially reminds me of the Midtown Miami
Project…just in a much better location.

Then I think back to the Omni Center, just a few blocks away…built to
capitalize on the wealthy South America visitors in the 80’s. Bad timing there.

Or I can remember a much smaller project,…

To say that Jorge Perez and his team at the Related Group have over delivered with 50 Biscayne would not only be an understatement but a downright insult. We toured the property last night during the Grand Opening party and the building is beautiful. The unobstructed views of Biscayne Bay at night, the Miami Beach skyline and the Port of Miami lit up and moving were breathtaking. The finish work is fantastic in the common…

The WIND by NEO condos are in a resales program managed by the developers sales team. There are several different units listed in the MLXchange system in South Florida. AND there are many others available at excellent prices which are not listed there.

To find out how to get the under-priced units, please visit WIND by NEO Condos

WIND by NEO Condos Aerial

Even though the AXIS on Brickell is not expected to start closing until Summer 2008, many contract holders are listing their properties with local Miami real estate brokers to beat the 2008 rush!
Several of our clients have reduced their pricing to their original contracted cost. Opportunities abound.
To see what all the excitement at AXIS is about visit AXIS on Brickell condos!

AXIS on Brickell Condos Aerial