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Now, they say, their vistas are obscured by the new condominium block, casting pre-existing dwellings into perpetual shade. This development, authorized by the city, has eclipsed the picturesque waterfront panoramas that once defined the area. The genesis of Vita traces back to a 2020 settlement, negotiated clandestinely between the developer and homeowner association leaders, sans input from Grove Isle residents. Attorney David Winker underscores the gravity of the situation, likening it to unauthorized encroachment on private property. “It’s another example of Miami lawlessness,” he told the Herald.
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The firm has hired Jones Lang LaSalle Inc. to seek buyers for 701 Brickell, a property that’s expected to fetch more than $500 million, according to the brokerage. The building, built in 1986 but renovated since 2021, also has offices for BlackRock Inc. and Point72 Asset Management. For a decade, Grove Isle’s residents fought to stall the construction of this condominium.
Brickell Key Blvd
Miami's copious beaches make the area perfect for water play while its lush landscaping provides the backdrop for world-class golf greens. Miami is well known for its sizzling nightlife and South Beach is THE spot for sophisticated clubs and bars such as the ever-popular Mynt and LIV. Bayside Marketplace, downtown, gives you a taste of “down-home” Miami with its delectable cuisine, amazing shops and lively music right along the waterfront. Calle Ocho in Little Havana opens the door to authentic Latin culture, art, food and, of course, Cuban cigars.
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Tenants include Humana, shipping company Maersk and packaging company Amcor. Nuveen Real Estate is seeking to sell a Miami office building located in the heart of the Brickell neighborhood with tenants including Bank of America Corp. and Apollo Global Management Inc. By clicking SUBMIT, I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means about real estate services,and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy.
Yet, their efforts were in vain, as the new structure now occupies the very spot where communal facilities such as a clubhouse, a swimming pool, a Tiki hut bar and a waterfront restaurant once thrived. Residents of the serene haven of Grove Isle in Miami say their lives — not to mention their property values — have been marred by the intrusion of a colossal seven-story condominium complex, towering 91 feet high. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.
$68 million property for sale on exclusive Star Island, Miami: photos - Business Insider
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The diversity of Miami neighborhoods makes it easy for individuals to find their niche and settle down in the community of their dreams. From low maintenance condos to affordable middle class housing to luxury estates, Miami real estate properties and prospects are looking good no matter your preferences. In another recent discounted sale, New York-based Shire Realty sold the three-story mixed-use building at 826 Collins Avenue in Miami Beach last year for $5 million, or 41 percent less than its purchase price a decade ago. The discounted sale comes amid a double whammy of suppressed commercial real estate values and elevated interest rates. Coldwell Banker Realty can help you find Miami homes for sale, condos, rentals and open houses.
Although the city attracts people from all over the world, it's best known for its Latin influence and culture. Retirees love to settle in such upscale communities as Coral Gables and Miami Beach whereas Kendall is more popular among families. Add to this combination a bustling international airport and the busiest cruise port in the world and there's no denying that Miami is a city bursting with life. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Miami is packed with culture as evidenced by such attractions as the Miami City Ballet, Art Deco Historic District, New World Symphony and some of the best art museums in the country.
Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC. YMP bought a 72 percent interest in the portfolio and Nathan Pollack, through three affiliates, bought the remaining stake, according to real estate database Vizzda. The buyers took out a $31 million loan, which matures in 2029, from Banco do Brasil Americas. The purchase of the 373,200-square-foot portfolio breaks down to $120 per square foot. The Miramar portfolio is 79 percent leased, according to YMP’s news release.
Led by Moshe and Yaffa Popack, YMP says in the release it plans to “take advantage” of market headwinds to expand its portfolio. Its affluent occupants will bask in the same coveted views that longstanding Grove Isle residents have cherished for decades. Moreover, Vita promises an array of exclusive amenities, including private elevators, a poolside bar and expansive terraces. Previously, residents reveled in unobstructed views of Biscayne Bay and Miami’s skyline.
If you have kids, a trip to Zoo Miami is sure to be a hit as this tropical zoo and garden houses over 2,000 wild creatures from as far away as Asia, Australia and Africa. Other children's attractions include Monkey Jungle, Jungle Island and Seaquarium where you can take a dip with live dolphins. The Coconut Creek-based firm is a commercial real estate investor and manager, its website shows. YMP’s portfolio spans six commercial properties in Florida and nine in the U.S. including about 4,000 multifamily units and three assisted living facilities, according to the release. From exotic beaches to world class entertainment, Miami provides a scintillating environment in which to live. Its strong ties to Latin America and the Caribbean give the city a Latin flair that appeals to young professionals as much as it does to retirees.
Legal recourse has been pursued, with a lawsuit leveled against the city of Miami, challenging the legitimacy of the construction permits granted to Vita’s developers. The repercussions extend further, with property values in the original homes plummeting by 30%, they add. If you have feedback about an individual agent or office, please locate the office and contact the manager. They buy the home, you lease it for 1-5 years with a right to purchase.
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