After a sharp decline brought on by the housing crash, Miami's condo market is experiencing a squeeze on supply and an attendant building boom, reflecting a nationwide uptick in urban real estate markets.
Driven by the $1.05 billion Brickell CityCentre, "a 5.4-million-square-foot mixed-use development that will add about 800 condo units in two 43-story towers to the central business district, a hotel, a luxury movie theater, and a wellness center aimed at tourists from Latin America," developers in Miami are again making big plans to enhance the city's skyline, reports Terry Pristin.
"In the last two years, 25 new condo projects have been announced in the downtown area, although it is far from certain they will all be completed. Within sight of Brickell CityCentre alone, eight residential buildings are under construction, including three being developed by the Related Group, an affiliate of the Related Companies of New York."
“We seem to be on the cusp of another boom,” said Peter Zalewski, a principal at Condo Vultures. “The question is whether this will be a controlled boom or another out-of-control boom, which is what we’re known for.”
FULL STORY: Miami’s Condo Market Rebounds, Stoking a Building Boom
Toronto's Skyline Has High Ambitions Despite Housing Bubble Concerns
By a ratio of two-to-one, Toronto is far outpacing NYC in terms of high-rises and skyscrapers currently under construction. As other Canadian cities follow suit, Jim Flaherty, Canada's Finance Minister, is taking measures to cool the market.
Mega Miami Development Seeks to Tame the Car
You know things are changing in Miami when the most notable aspects of the $1 billion Brickell CitiCentre development are its parking and transit access strategies. Douglas Hanks provides the details.
Miami’s Underline Linear Park Offers Recreation, Transportation, Conservation
A 10-mile park that runs under the Miami Metrorail is nearly complete and features bioswales for water conservation and public recreation facilities.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Vehicle-related Deaths Drop 29% in Richmond, VA
The seventh year of the city's Vision Zero strategy also cut the number of people killed in alcohol-related crashes by half.
As Trump Phases Out FEMA, Is It Time to Flee the Floodplains?
With less federal funding available for disaster relief efforts, the need to relocate at-risk communities is more urgent than ever.
Texas Safety Advocates Raise Alarm in Advance of Tesla Robotaxi Launch
The company plans to deploy self-driving taxis in Austin with no oversight from state or local transportation agencies.
How to Fund SF’s Muni Without Cutting Service
Three solutions for bridging the San Francisco transit agency’s budget gap without reducing service for transit-dependent riders.
Austin Tests Self-Driving Bus
Autonomous buses could improve bus yard operations for electric fleets, according to CapMetro.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Borough of Carlisle
Smith Gee Studio
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)