Happy Friday, Miami!

In this week’s update:

☕️ Nespresso store opens in Brickell City Center: The Miami location is the company's fifth immersive U.S. location and two more stores — one in Scottsdale, Arizona and another in Dallas, Texas — are opening in the coming weeks.

🏢 New 81-Story Tower Set to Transform Brickell Skyline: A 1,010-foot skyscraper is planned for 1414 Brickell, bringing luxury residences, hotel rooms, office space, and retail to Miami’s skyline. Designed by Arquitectonica, the 81-story tower is set to reshape Brickell’s future as a global business and real estate hub.

🏨 Ritz Carlton South Beach residence sales launch: Developers launch sales for 15-story Ritz-Carlton behind Sagamore Hotel. Prices start at $4.25 million for 30 luxury residences. Project slated for completion in 2027, offering high-end amenities.

In case you missed it

🎥 Why South Florida Home Prices DOUBLED While Sales CRASHED?

The South Florida real estate market is experiencing remarkable shifts in 2025, with property values soaring while housing market news shows sales at a 5-year low.

🏠 This housing market update reveals a fascinating paradox: despite real estate trends pointing to record-high prices, real estate news indicates declining transaction volumes.

Whether you're visiting, moving, or already a local, understanding these buyer demand patterns is crucial for navigating the Magic City's dynamic market! 🌴✨

🏙️ 81-Story Supertall Tower Submitted at 1414 Brickell

Driving the news: A towering new addition is planned for Brickell as developers submit a zoning application for a massive 1,010-foot mixed-use skyscraper at 1414 Brickell.

Details:

• The 81-story tower will feature 560 luxury residences, 84 hotel rooms, nearly 146,000 square feet of office space, and high-end retail.

• An 11-story podium will house 1,226 parking spaces.

• Designed by Arquitectonica, the project will add another bold statement to Miami’s evolving skyline.

• The proposal falls under Miami-Dade’s Rapid Transit Zoning, streamlining the approval process by shifting oversight from the city to the county.

Why it matters: Brickell continues to cement itself as a premier global destination for luxury living, business, and investment. This development will bring even more high-end residential, commercial, and hospitality options to the neighborhood.

The big picture: The timing of this application coincides with Miami’s growing presence on the world stage. Just last week, the Future Investment Initiative (FII) PRIORITY Summit took place at the Faena Hotel, bringing together global leaders and investors—including President Donald Trump—who emphasized the city's role as an international business hub.

What’s next: As the project moves through the approval process, Brickell residents and investors will be watching closely. If approved, this skyscraper will further reshape Miami’s skyline and reinforce the city’s status as a magnet for global capital.

The bottom line: Miami’s rapid growth continues, with Brickell at the forefront of luxury development. This tower represents the latest in a wave of projects transforming the neighborhood, ensuring its place as a key destination for high-end real estate and international business.

Real Estate Insights

What to do this weekend

📸 Depth of Feel (February 28, 2025) – A pop-up photography exhibition by Cristian Rivera, presented by The Visual Suspects. [Location: Lost City Brewery, 7pm-11pm. Free]

🎺 Montreux Jazz Festival 2025 (February 28, March 1 and 2, 2025) – The three-day music festival is back for the second time, featuring artists like Jon Batiste & Friends, WILLOW, Cimafunk and Janelle Monáe. [Location: The Hangar in Coconut Grove]

🎉 Carnaval on the Mile (March 1 and 2, 2025) – The annual street festival on Miracle Mile features live music, local vendors, food and family-friendly activities. [Location: Miracle Mile, 12pm. Free]

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Have a great weekend!!

-Joe