Miami has matured from a seasonal haven to a thriving luxury resi hub, and with that growth comes competition. In today\u2019s Miami, if you\u2019re not leveling up, you\u2019re falling behind.<\/p>\n
In April, BSH and The Real Deal brought the best of Miami\u2019s real estate community together to discuss how they\u2019re adapting to new money in today\u2019s crowded market. The panel featured Bernardo Fort-Brescia, Co-founder of Miami\u2019s near-ubiquitous Arquitectonica, Ryan Shear, Principal at the Property Markets Group, and Veronica Cervera Goeseke, CEO of Cervera Real Estate.<\/p>\n
One sign that Miami has arrived on the global scene, said Fort-Brescia, is that international buyers now want buildings that are distinctly Miami.\u00a0<\/p>\n
\u201cWhen they say they want a Miami building, it means, \u2018I\u2019m on vacation in the place where I work and in the city where I live normally,\u2019\u201d explained the architect. \u201cIt\u2019s sort of an urban resort.\u201d<\/p>\n
This \u201curban resort\u201d lifestyle has attracted a widening audience in recent years. Leading broker Cervera Goeseke explained how, in addition to steady interest from buyers in countries including Mexico and Brazil, high net worth individuals from other states have begun to move to Miami in waves.\u00a0<\/p>\n
\u201cThe Americans have finally discovered Miami,\u201d said Cervera Goeseke.<\/p>\n
Shear cautioned developers to not forget the fundamentals even in a booming market defined by ultra-luxury.\u00a0<\/p>\n
\u201cSome things remain true,\u201d he said, explaining how \u201ckitchens and bathrooms\u201d sell more units than amenities like spas, which tend to drive up HOA fees and ultimately prove to be too expensive to maintain: \u201cMost of the time, spas are losers. They\u2019re expensive, they don\u2019t work, and then you\u2019re left with 10,000 vacant feet.\u201d<\/p>\n
Head over to the Appliance Innovation Hub<\/a> to see more thought leadership and market insights from BSH and TRD, and be sure to join BSH and TRD for the next Building Luxury event in Washington, DC on June 17<\/a>. If you\u2019d like to apply to be a speaker at a future event, reach out to remy.williams@therealdeal.com<\/a> for more information.<\/p>\n BSH is proud to host conversations that bring together leaders from across the industry. The perspectives shared belong to the speakers and do not necessarily reflect the views or positions of BSH.<\/p>\n","protected":false},"excerpt":{"rendered":"Miami has matured from a seasonal haven to a thriving luxury resi hub, and with that growth comes…\n","protected":false},"author":2,"featured_media":241818,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[77428,106830,106831,33480,2152,106833,106834,123,125,124,948,77532,106832],"class_list":["post-241817","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-arquitectonica","tag-bsh","tag-cervera-real-estate","tag-developers","tag-development","tag-international-buyers","tag-luxury-residential","tag-miami","tag-miami-headlines","tag-miami-news","tag-miami-real-estate","tag-property-markets-group","tag-the-real-deal"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/241817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=241817"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/241817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/241818"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=241817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=241817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=241817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}