Everywhere you look it seems Miami is under construction. In the long term this is all great for those who can tolerate the detours and the noise. Miami is still a great real estate opportunity and improving its looks and infrastructure can only make it better. Construction projects are currently going on all around town.
By all estimates, Brickell continues to be one of Miami’s most desirable areas. And, with all the improvements, Brickell promises to be better than ever. The major over hall is estimated to last another year, possibly a year and a half.
The Brickell area has seen its ups and downs. In the eighties Brickell boomed due to foreign investor who bought anything with a door on it. Condo sales were out of control. But, like all good things, it came to an end and the 90’s saw condo prices plummet.
Again, history repeats; in 2005 the number of available condo units for sale in the Brickell area had peaked. Shortly thereafter, the real estate market tanked and values were once again affected. Nevertheless, Miami is resilient and has always overcome adversity.
Today, the available condo inventories in the Brickell area are down and there is talk of the first pre-construction project in 5 years. This project will possibly go on sale as soon as the end of this year or the beginning of next.
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