Founded by former Studio 54 co-owner Ian Schrager, Morgans Hotel group is credited with creating the idea of “boutique hotels.” The company’s early ’90s renovation of the Delano Hotel in South Beach cemented their status as innovators in the industry, but, as a company, Morgans has seen better days. Schrager sold the…
A record 15.5 million people visited Miami in 2015, up nearly 1 million from the year before. The Greater Miami & The Beaches Visitors Bureau trumpeted the numbers at a ritzy breakfast this past Friday at the Rusty Pelican on Key Biscayne. Save for Venezuela, every major market, both domestic…
A spokesperson for the project points out that the under construction building is indeed under construction.
Miami presents itself with a lot of opportunities for Millennials to live a life that seems perfect on Instagram. You’ve seen all those selfies taken in front of Wynwood murals, group shots taken at exclusive-seeming parties, pics of craft cocktails and tapas, and carefully posed thirst traps taken at the…
Back in 2004, Florida voters overwhelmingly passed a state constitutional amendment that tied increases in the state minimum wage to inflation, meaning wages would automatically increase over time without going through major legislative fights. Originally pegged at $6.15 an hour, its now risen to $8.05. Many feel that’s still not enough. …
Six months after Miami Beach voters rejected a plan to demolish historic oceanfront properties in North Beach to make way for a luxury condo tower, developer Sandor Scher is back with a new proposal for the stretch known as Ocean Terrace. His new plan would only demolish one building, and…
Considering Miami is the only U.S. city founded by a woman, it only makes sense that female founders continue to shape and define life here. In fact, according to research done by Babson College, Miami ranks in the top five metro areas for its high rate of women-owned businesses. But…
Vladislav Doronin has conquered real estate all over the world. His 1,160-foot tall OKO Tower in Moscow is currently the tallest skyscraper in all of Europe. His luxury Aman resorts dot the world’s grandest getaway spots from Thailand to the Turks. He’s left his footprint in New York, Tokyo and London…
According to a financial rule of thumb, a person should spend about 50 percent of his or her after-tax income on necessities. That includes things like rent, food, utilities, health care, and transportation. Another 30 percent should be spent on discretionary purchases, and the remaining 20 percent should be stashed…
Climate change? Real estate slow down? Rising rents? Continued unease about the health of the local economy? Apparently none of those concerns can curb growth in Downtown Miami. According to a new report from Realtor.com, the downtown zip code of 33132 is expected to be the fourth fastest growing neighborhood…
The home ownership rate in Miami is down to historic lows, and most millennials in the metro area won’t in the market to buy a home anytime soon. According to a new survey by Apartment List, 81 percent of local millennials feel buying a home is just too expensive. This…
Well, this is unfortunate timing. Just weeks after famed architect Zaha Hadid died in a Miami Beach hospital, the city of Miami Beach has decided not to go ahead with plans to build a Hadid-designed public parking garage in the Collins Park neighborhood. The city commissioned Hadid, a part-time Beach…
It’s not quite crickets yet, but don’t expect to hear quite so many cranes, nail guns and saws around Miami …or the ring of your Real Estate agent friend’s phone for that matter. All evidence points to a noticeable slowdown in the local real estate market, and here’s even more…
Miami would be nothing without its hotels. Never mind that some of the juiciest bits of Miami history took place within their walls, those walls are basically Miami history themselves. These days all of South Florida — but especially Miami Beach — is known for its zeal for historic preservation…
When the International Consortium of Investigative Journalists leaked the Panama Papers on April 3, it revealed a glimpse into the shadowy world of shell companies. More than 11 million files from law firm Mossack Fonseca showed celebrities, criminals, heads of state, and politicians from across the globe setting up virtually untraceable…
There are indications that Miami’s condo sales market may be cooling down, but rent prices aren’t necessarily cooling down with it. According to the latest numbers from Zumper, the median rent for a listed one bedroom condo in Miami right now is $1,900. That’s up from $1,840 in February, and a…
Todd Glaser steps onto the Sea Tabby, a wood-trimmed 1938 Mathis Trumpy yacht docked off Allison Island, a spit of land off Miami Beach just north of the Fontainebleau hotel. As he sits at a table toward the back, he calls out for a Johnnie Walker. An older, fully uniformed…
What do an architect, an insurance broker and a teacher have in common? In South Florida, they should all be thinking about sea level rise. You know the story by now: The seas are rising, to the tune of at least three feet over the next 100 years. And Miami…
Last night, one of the biggest data leaks in history hit the web. The leak comes via a firm in Panama with a niche business: Setting up off-shore shell companies for clients who want to hide their cash from the tax man. A team lead by the International Consortium of Investigative…
Zaha Hadid, a pioneering architect who became the first woman to win the prestigious Pritzker Architecture Prize in 2004, has died at the age of 65 following a heart attack here in Miami. Originally born in Baghdad, Iraq, Hadid was educated in London and later became a naturalized resident of the…
When the biggest names in Italian fashion show their latest collection they do it in Milan. When they want to slap their name and branding on a condo tower, well, they do it in Miami. The Residences by Armani Casa are under construction up in Sunny Isles. The Fendi Château is…
There have been signs that Miami’s condo market is heading for a sharp downturn for more than a year now, and developers are positioning themselves for the burst in the bubble. Carlos Rosso, the president of condominium development at Related Group, tells The Wall Street Journal that this time last…
