The ongoing growth and development ensure that Miami remains one of the most dynamic and attractive cities in the world. The construction boom in various areas of interest, such as Downtown Miami, Brickell, and Edgewater, is at the forefront of this 2024 real estate surge, significantly transforming the city’s urban and economic landscape.
Below, we present these booming areas and the new construction projects capturing the attention of national, international investors, and Miami residents:
Downtown Miami:
Downtown Miami has solidified itself as one of the city’s most dynamic and vibrant centers. The area has seen significant growth in new construction projects, including luxury residential skyscrapers, modern offices, and commercial spaces.
The Miami Worldcenter, a mixed-use development that combines residences, commerce, and entertainment in one place, has attracted not only new residents but also tech and finance companies looking to establish themselves in a growing urban environment.
According to a Forbes report, Miami Worldcenter represents a $4 billion investment and is one of the largest urban development projects in the United States.
Brickell:
Known as the “Wall Street of the South“, Brickell has experienced an impressive boom in the construction of new residential and commercial properties. This area has transformed into a financial and luxury epicenter, attracting young and wealthy professionals who want to live close to their workplace in a sophisticated environment.
Highlighted developments include the Brickell City Centre, a mixed-use complex offering luxury residences, offices, hotels, and a high-end shopping center. According to Miami Today, this complex has spurred the creation of thousands of jobs and attracted significant investments, further solidifying Brickell as the most important financial center in the United States.
Edgewater:
This is another area that has seen significant growth. Located along Biscayne Bay, it has become a focal point for developers looking to capitalize on waterfront views and proximity to downtown. The area has attracted investors and residents seeking a combination of luxury, convenience, and coastal lifestyle.
At The IONI Group, we aim to offer our clients the opportunity to diversify their luxury portfolios in the most desirable areas with the highest growth and profitability.
