Happy Friday, Miami!

In this week’s update:

📚 Last of the Bookstores: As literary culture faces threats from censorship to competition for people's attention, Bookleggers Library, Miami's first and only free bookstore, remains focused on keeping books and bookstores alive.

🌆 $19.5M Ultra-Luxury Condo Tower: Ytech is expanding in Miami’s Brickell, securing a $19.5 million predevelopment loan for its ultra-luxury condo project on the 0.3-acre Broadway assemblage site, just two blocks west of Brickell Avenue.

🛬 MIA Expansion: Miami International Airport (MIA) is set for a major expansion, expecting over 55 million travelers by year-end 2024—its highest ever and third consecutive record-breaking year.

In case you missed it

🎥 What's It Like Living in Miami's South Beach in 2025?

In this video, I will tell you everything you need to know about what it's like living in Miami's South Beach neighborhood - everything is not what it seems!

🏙️ Ytech Secures $19.5M Predevelopment Loan for Ultra-Luxury Condo Tower at Broadway Assemblage

Driving the news: Ytech is advancing its footprint in Miami's thriving Brickell area, securing a $19.5 million predevelopment loan for its latest ultra-luxury condominium project.

Details:

• Location: The project will rise on a 0.3-acre site known as the Broadway assemblage, located just two blocks west of Brickell Avenue.

• Demolition underway: Existing structures from the 1940s and 1950s are being cleared to prepare for construction.

• Recent moves: Ytech acquired the parcels for $8.2 million between 2018 and 2020 and recently broke ground on the nearby 70-story Residences at 1428 Brickell.

Why it matters: This development underscores Brickell’s emergence as a hub for luxury living and innovative design. Ytech’s projects reflect the area’s growing demand for high-end residences and its transformation into a global real estate hotspot.

The big picture: Brickell’s booming real estate market is attracting significant investments, with luxury towers and mixed-use developments reshaping the neighborhood. Ytech’s focus on sustainability and modernity aligns with Miami’s vision for the future.

What’s next: As demolition progresses, Ytech is poised to unveil further details about the Broadway assemblage project. Meanwhile, its groundbreaking Residences at 1428 Brickell continues to set the standard for solar-powered luxury living.

The bottom line: Ytech’s strategic developments are fueling Brickell’s rise as a premier destination for luxury and innovation, with the Broadway assemblage adding to the neighborhood’s growing allure.

Real Estate Insights

What to do this weekend

🍷 The Great Gatsby Party (Dec 20) – Step back in time to the Roaring Twenties with this glamorous event featuring live music, vintage cocktails, and 1920s-inspired decor. Don your best flapper dress or dapper suit for an unforgettable night of Jazz Age revelry.

🎄 Y100's Jingle Ball presented by Capital One (Dec 21) – Enjoy a night of unforgettable performances by top artists at this highly anticipated annual concert event.

💿 Fatboy Slim at Hyde Beach (December 20) – Dance the night away with legendary DJ Fatboy Slim at this electric oceanfront venue.

🎤 Andrea Bocelli Holiday Tour (December 22) – Experience the enchanting voice of the legendary tenor Andrea Bocelli as he performs holiday classics and selections from his albums in a magical musical evening.

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-Joe