Developer Daniel Pena-Giraldi (Stambul USA) is redeveloping the 1925 Miami National Bank building in downtown Miami into a luxury boutique hotel. The Langford Hotel is part of the EB-5 program that allows foreign nationals to invest in real estate and eventually obtain permanent US residency. The historic luxury Boutique hotel is located in downtown Miami… Read more…
Category Archives: Market Watch
Coming Soon to Brickell
The Brickell retail market continues to show signs of strength. According to the Miami DDA’s most recent market report (June 2012) approximately 95%+ of all units in the Downtown Miami area are currently occupied. Retailers are taking notice of the increased density and are moving in. Pasta Box is opening on SW 10th Street below… Read more…
Miami Housing Bubble?
With economic growth slowing in Latin America, particularly Brazil, is the Miami condo market headed for another downturn?
Commercial Real Estate: Where We Are, Where We’re Going
MiMo Gem: Vagabond Hotel is Under Contract
This evening I attended the Belle Meade Homeowners Association at Legion Park where developer Avra Jain unveiled her plans to redevelop the historic Vagabond Hotel. Ms. Jain plans to restore the hotel and keep it as original as possible. The hotel will have 50 rooms and she expects the ADR to be somewhere between $120-$150… Read more…