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Sales begin at Brickell City Centre in Miami
Posted on April 17th, 2014
Sales Begin at Brickell City Centre
Brickell City Centre Sales Begin in May
In May, sales for the long awaited Brickell City Centre project located in the heart of Miami’s Financial District on Brickell will begin. The first phase, already under construction, will feature 820 residences. Brickell City Centre is at the present time a unique project in Miami. Nothing compares to it. It will offer an urban lifestyle that up until now had not existed in Miami.
Project Details
The project, which will cost more than a billion dollars, will have office, residential, hotel, luxury retail shops, restaurants and entertainment areas, in addition to a large underground parking. The first phase, to be completed in late 2015, will include:
- a luxury shopping center
- the Miami EAST Hotel, managed by Swire Hotels
- an ultra modern full-service spa
- and first class office space.
The idea is to build a city within a city, an epicenter for fashion, entertainment, luxury, hospitality and more. Brickell City Centre, by the architectural firm Arquitectonica, extends for more than three blocks. It has a completely new design for Miami with suspended walkways that connect the different towers in the complex. The mall will feature some of the best restaurants in Miami and some of the most prestigious brands in the world. Brands that until now were only in Miami Bal Harbour Shops have signed and will be present in Brickell City Centre. The mall will have tropical landscaping similar to Bal Harbour Shops.
Brickell City Centre Project
Residences for Sale
The 820 residences will be spread over two towers, Condo West and Condo North, both with 410 units. The residences offer large spaces, impeccable finishes and stunning views. Swire Properties, the company that developed the project, adopted the same payment scheme that has become popular in recent years when it comes to buying property in pre construction in Miami. 50% of the value of the apartment will be presented during the pre construction phase and 50% at closing of sale when residences are delivered.
Get on the List
Constec Realty Services now has a list of those interested in buying condos in Brickell City Centre, so if you’re interested email us to inquiry@constecrealty.com or call us at +1-305-864-3100 to have you in our system so that once sales start we contact you immediately so that you can choose the condo that most interests you.
Trulia and Zillow Florida Should You Question the Agents They Promote?
Posted on April 8th, 2014
Trulia and Zillow Florida, Don’t assume the agents they promote are the ones you should use.
The Trulia or Zillow Florida Story
A week ago I met with an acquaintance of mine from years ago that had recently purchased a house in Miami. He told me the story how he was searching for properties through one of the large agglomerators of MLS data (it could have been Trulia or Zillow Florida, but that is beside the point) until he found a house that he liked. Next to the information on the house was contact information for three different agents. He chose one who basically helped him purchase the house.
What’s the Problem?
So, what’s wrong with using an agent displayed on Trulia or Zillow Florida? What’s the problem? Buyer got what he wanted.
Well, not necessarily. Let me tell you why.
These webpages that put all the data together are in the business of selling online advertising. The way they do it is by offering ZIP codes to real estate agents.
Money Talks
Their selection criteria is whether the agent is interested in forking over $$$ for the leads. I know this because I get a call every 15 days or so from a sales rep offering new ZIP codes that “just opened up” and I should jump at this unique opportunity “to grow my business”.
Other Troubling Things
I find other things even more troubling than not vetting the agents. The information on past sales and current listings for the agents listed next to your property of interest is not accurate and many times a misrepresentation. I know this because I’ve checked it against proprietary Realtor database.
Now, let me say that these websites are great for searching for properties and they are also a fine business for their stakeholders. Since you are looking to buy real estate I should warn you that it does not ensure that you necessarily get good Buyer Broker representation.
I always say that when a Seller wants to sell and a Buyer wants to buy and the price you pay for the property is not an issue, you can do without a real estate broker. But that is usually not the case.
Choose a Professional Experienced Agent
If you are interested in finding out other information that can give you an upper hand when negotiating what is a large investment, then you are better off working with a true real estate agent professional. Things like:
- Comparable sales
- Seller motivation
- What the seller owes
- and other information
Most of the time the money is made when you buy right!
To work with Andres, your experienced luxury realtor, and Constec Realty Services, an established real estate agency that specializes in luxury Miami real estate, contact us now.
Miami High Rise Condos Being Built at an Unprecedented Rate
Posted on March 27th, 2014
Miami’s ever-changing skyline.
Miami High Rise Condos
The number of Miami high rise condos that have been built over the last 15 years is astounding. It is unprecedented in the history of Miami real estate development.
The highest concentration of these high rise condos is in the area that spans from Aventura and Sunny Isles down to Brickell and Downtown Miami.
Over the decades, Miami has evolved from a sparsely populated city to a very dense coastal area.
How Fast are Miami High Rise Condos Being Built?
Looking at the number of condos that are available for sale or those that have closed over the same period of time can give a good approximation of just how much has been built during that time period.
I say, “good approximation” because most buildings have between 3 and 10% of their condos available for sale at any point in time. There also is no significant difference in percentage of units for sale between newer and older condos.
A full blown study counting condos per building by 15-year periods would be interesting, but we sell real estate and not reports.
Percentage of condos built by 15-year time period
In the graph, you will find that nearly 2 to 3 times more Miami condos were available for sale or had closed transactions in the past 15-year period than any other similar period of time in history.
This is astounding, though not surprising if you have seen the number of cranes and new buildings that dot Miami’s skyline.
Dive down I-95, take the Golden Glades overpass and look towards Aventura and Sunny Isles; it is a different place. While returning from Key Biscayne at dusk, look at Brickell and Brickell Key right before the William Powell Bridge. The lights are mesmerizing.
Look out at Downtown Miami from any building in West Av in Miami Beach and you will see just how much has changed.
To work with Andres, your experienced luxury realtor, and Constec Realty Services, an established real estate agency that specializes in luxury Miami real estate, contact us now.
Miami Neighborhoods, An Overview
Posted on March 19th, 2014
Miami Neighborhoods
Miami Neighborhoods, Really Miami-Dade Neighborhoods
Most of the time, when buyers are looking to purchase a home in one of the Miami neighborhoods, they refer to Miami when they actually mean Miami-Dade. Most people recognize Miami, Ft. Lauderdale and Palm Beach as different areas within South Florida. Most of the time, what they basically mean is Miami-Dade, Broward and Palm Beach Counties. Even locals use City and County interchangeably,
When we focus on Miami neighborhoods, there are distinct cities and communities that cater to buyers different desires and needs.
2nd and 3rd Homes
Generally, the coastal areas of Miami, which include South Beach, Miami Beach, Bal Harbour and Sunny Isles cater to buyers who are looking for a second or third home with beachfront and ocean access. Here, you will mostly find high-rise condo buildings.
Benefits of buying here includes:
- Outstanding waterfront views
- Security, ease of locking your door and leaving
- Beach weather in the middle of winter
Homes in Gated Communities
Miami neighborhoods like Doral attract buyers that value security and prefer living in a house or townhouse in a gated community. This is particularly appealing to buyers from foreign countries who are looking for a worry-free place to let their children ride bikes or play freely outside.
Shopping, Dining, Nightlife
Brickell, Aventura and Downtown Miami are for condo buyers who want to be close to shopping, dining and the Miami nightlife.
Single-family Homes
Neighborhoods like Coral Gables, Coconut Grove, Key Biscayne and Pinecrest are options for those who are looking for a luxury single-family home.
Each of these neighborhoods offers something different. Coral Gables is well-known for its homes from the 1920′s and 1930′s. Pinecrest offers estate homes on full or half acres.
Residents of these neighborhoods commute to the business districts of Miami. Business districts are in Brickell, Downtown Miami, Doral and Miracle Mile in Coral Gables.
To work with Andres, your experienced luxury realtor, and Constec Realty Services, an established real estate agency that specializes in luxury Miami real estate, contact us now.
Real Estate Investing vs Stock Market
Posted on March 6th, 2014
Real Estate Investing vs Stock Market
I hear from people interested in investing in real estate all the time. They have some disposable cash that they want to invest and the most frequent question they ask is, “What do you think of real estate investing vs stock market?”
Comparing Real Estate Investing vs Stock Market
Let me begin by stating that real estate investments are better compared to bonds rather than stocks.
Why?
In most instances the value of real estate cannot go down to zero since you have the intrinsic value of land and whatever structure sits on top of it. With stocks, everyone knows that there is always the risk that a company goes out of business. We can call that minimum value of real estate the face value of this bond.
Most real estate properties, even more so here in Miami, have the ability to generate income through rent or, if you live in it, as a housing service (it is better than spending a long time in a hotel). This is what I would call the coupon for this bond.
It’s All About Timing
Timing is the most important element that will vastly improve your return. Everyone knows the value of buying low and selling high in the stock market.
When it comes to real estate investing, timing can be even more critical.
Generating the Better Yields
If we treat real estate investments as bonds, we need to determine which ones will generate the better yields.
That can vary depending on:
- the current market conditions
- the type of real estate property
- how involved you want to be in managing the property
This is where we can help you make the right choice. Interested in purchasing luxury Miami real estate? Contact us today to find out where you can take advantage of the Miami real estate market.
One final note. We are not selling investment vehicles but real estate. Nevertheless, everything in life is an investment and we understand it.
To work with Andres, your experienced luxury realtor, and Constec Realty Services, an established real estate agency that specializes in luxury Miami real estate, contact us now.
Miami Real Estate News Blog, Welcome
Posted on February 12th, 2014
Welcome to our Miami real estate news blog
Hello, my name is Andres Leiser and I am the managing broker here at Constec Realty. I would like to personally welcome you to our new blog which will cover all aspects of Miami real estate news.
We will follow all of the exciting developments in Miami and all of Miami’s popular areas and neighborhoods.
Here are some of the Miami areas we will keep tabs on:
- Aventura
- Bal Harbour
- Brickell
- Coconut Grove
- Coral Gables
- Doral
- Miami Beach
- South Beach
- Sunny Isles Beach
Pre-construction News
There is always plenty of news to share about Miami’s new real estate and pre-construction projects. We keep our pre-construction page up-to-date with all the latest luxury condo towers and communities that are in development.
Luxury & Ultra Luxury Homes and Condos
Everyday, there are impressive luxury homes and condos hitting the real estate market here in Miami. We will spotlight some of the more exclusive and sought-after Miami neighborhoods and buildings.
Additional Miami Real Estate News Topics
Be an Informed Buyer or Seller: We will also cover the latest Miami real estate events that will allow you to become a more informed Buyer or Seller. We will provide you with data that will permit you to make an informed decision on when to buy, where in Miami and what constitutes good value.
Honest Interpretation of the Market: This blog will contain our honest interpretation of the Miami real estate market. We will leave the sugar-coating to our competition.
Jaw-dropping Real Estate Experiences: Over the years, here at Constec Realty, we come across interesting real estate stories and experiences that you have to hear about. We will blog about these stories from time to time.
What This Miami Real Estate News Blog is NOT About
This Miami real estate news blog will not be used to promote any particular properties. We are here to inform you about the latest information and developments in a completely unbiased way.
To work with Andres, your. experienced luxury realtor, and Constec Realty Services, an established real estate agency that specializes in luxury Miami real estate, contact us now.
