How is Miami reinventing itself?

thanks to French Morning for having circulated the article written by Elisabeth Gazay

What is under the sun exactly?

The Florida climate alone can not explain the tremendous evolution of Miami in the last 20 years. How does this city with a rather provincial, tropical, resolutely Latin atmosphere, at the tip of America, become internationally renowned, attracting as well investors and great American, South American, European, and recently Middle East and Asian fortunes, brave entrepreneurs to conquer new markets and a life to reinvent? What ingredients do we find in one of North America's most dynamic real estate markets?

Elisabeth Gazay, Associate Director of Barnes International Miami, talks about some of the city's features, as the real estate group has just celebrated its 15 years of establishment and continued growth in Miami, where it is today leader for the French-speaking clientele.

The skyscrapers each time higher from Brickellas the emergence of new neighborhoods as modern, creative and sophisticated as Edgewater, District Design, Wynwood recall Ginza in Tokyoshopping malls Dubai or the elegant streets of kite. They testify that Miami would not be what it is today without three dominant forces: energy, trust and inspiration. All the major projects that propel Miami into the 21st century were initiated by leaders who have a vision for Miami and are rolling out a plan that even the 2008 crisis did not stop, on the contrary.

The architecture of Miami testifies to a young and dynamic city. Here: Wynwood Garage.

energy of Miami comes from diversity (and therefore wealth) cultural. If it is rare to meet a "Miamien" of origin, the variety of accents puts every newcomer perfectly at ease. The builders of the new Miami have Cuban, Argentinian, French, Colombian roots ... they come from Hong Kong, Tel Aviv, New York, Chicago, Toronto or elsewhere ... Entrepreneurs, scientists, artists who contribute to economic development are just as international, bringing a dynamism, a will to advance, innovate, and succeed characteristics of young cities with a dominant of immigrants of first or second generation.

Miami would not be where it is today without a common trait to anyone who succeeds in the city : trust in its future and to make it become an international place while remaining itself. When Art Basel had chosen Miami - from 2001 - to launch its American edition, making Miami, overnight, a must for collectors and fans of contemporary art, it was a bet and a great proof of confidence.

Miami is also the world capital of cruises with ships as disproportionate as the city itself!

The biggest events are coming to Miami!

More recently, Miami has won the trust of major sporting event organizers, such as David Beckham to install his international football team, or Formula 1 to add a circuit to the grand prix card. The " Boat show Which brings together a unique selection of the world's most beautiful yachts in Biscayne Bay is also an unmissable rendezvous of the city. The brilliant creator of Cirque du Soleil has declared his confidence in choosing to develop a new kind of neighborhood in Little Haiti, which will combine technology, art, education and jobs, business development. It will also give the inhabitants of a deprived place to see the doors of a social elevator open.

Just as the vision and inspiration of a Henry Flagler was needed to turn humid and inhospitable Florida into a winter tourism paradise, every new project today shows that Miami is a true laboratory of excellence.inspirations the most varied.

The slender and innovative building designed by Zaha Hadid has become a reality, but especially a point of reference in the urban skyline of Miami

The neighborhood of Wynwood, intended for active and young populations, was created from warehouses where "street art" was invited to express itself ... finally and officially! The unique idea of Tony Goldman (the promoter of SoHo has another time) has since been copied around the world. The tower of the famous architect Zaha Hadid, whose concrete structure includes the building like a flower instead of being hidden inside, is a great architectural first in the world ... In a completely different field, the research centers of UM (University of Miami) are home to laboratories and scientific teams working on world firsts, such as the healing of paralysis caused by the spinal cord.

Pages would be needed to list the areas of development that give the city a special place on the world stage. One thing is sure: just minutes from the beach and palm trees, it's a whole different world that thinks, reinvents, imagines and creates a great metropolis of tomorrow.

The shortest way to learn more about the market and real estate opportunities in Miami is from us contact !

Newsletter February 2017 & #8211; Barnes selection of activities and key real estate information

Newsletter February 2017 & #8211; Barnes selection of activities and key real estate information

The editorial of February by Adam Redolfi: What trends for new programs?

Globally, the year 2016 was synonymous with a slight slowdown in the volume of purchase of construction projects in many global cities such as New York, Paris, Miami or London. There are, however, some differences between Miami and other international cities in the structure of new programs for example, in Miami, most developers can not give a shovel before selling 60 to 70% from project & #8211; to stabilize the market and avoid unsold products on delivery.

Projects that still have many units to sell, after a few months of marketing, choose to wait for the next cycle, on average 8 years later. The aim is to avoid half-empty buildings, as it can happen in other American or European cities. Generally, in cities such as London, Paris or New York, most developers start construction simultaneously at the start of marketing with the assumption that the building will be sold at the time of delivery. In a tougher market, developers redouble their creativity and innovative ideas, combining luxury with human-sized buildings, favoring a small number of units and partnering with a luxury home, or a renowned architect. World.

Why ? Because the beautiful and the rare are part of the timeless markets.
With this in mind, the promoter Vladislav Doronin, Russian billionaire, plans to go ahead with his first round of "condos" in Florida: " Missoni Baia". Same idea for Michael Stern who builds "Monad", very exclusive building on a human scale designed in Miami Beach by Jean Nouvel. It's the same with "Aston Martin Residences", and " Armani Casa"In terms of the use of branding, or the breakthrough of" Starchitects "Zaha Hadid, Norman Foster, Renzo Piano.

As always in real estate, the place is key too, because the investment "AAA" in Miami is always feet in the water, or in a neighborhood with strong pedestrian flow and easy access. With an average of 1,000 new residents per day in Florida, encompassing all types of budgets, from the most affordable to the most extravagant, promoters and investors still have opportunities in the making. The fundamentals should not be forgotten: bet on a quality program, choose trusted promoters, be accompanied by an expert which will guide you to the choices that will be best valued in the long term.

From February 3 to 5, 2017: Browse time with the Miami Antiques exhibition, Design & Art Show

Miami Antique, Design & Art Show is a fair full of history that makes you travel through time. Organized by Dolphin Promotions at the Miami Airport Convention Center, this event will feature antiques, unique and authentic decorative arts, gems, jewelery as well as crafts from the 17th, 18th and 19th centuries.

Miami Barnes Miami-Antique-Art-Design-Show

For more information: www.miamiantiquesartdesign.com/

From February 16 to 20, 2017: Take Off at the Boat Show, "Miami International Boat Show"

With 1,300 boats and 1,100 exhibitors expected this year at the Miami Marine Stadium & Basin Park, the 2017 edition of the Miami Boat Show promises to be another success. Organized mid-February, during "President's Day", it has become in 29 years, one of the largest show in the world. Visitors come from all over the world to discover the most modern and innovative yachts and sailboats, some leave with a new acquisition, others with dreams for another year!

Barnes-Miami-Miami-Boat-Show

For more information : www.miamiboatshow.com/

From February 16 to 20, 2017: Find the prestigious exhibition "Art Wynwood" at Art Wynwood Pavilion

Produced by Art Miami LLC, the annual "Art Wynwood" exhibition will bring together for a few days, collectors, street artists, young emerging talents and contemporary and modern artists of world renown. Last year, the fascinating art exhibition attracted more than 36,500 international artists and aficionados. Sponsored by legendary street artist Shepard Fairey, the sixth edition this year will feature 50 galleries from more than a dozen countries.

Barnes-Miami Wynwood Art-2017

For more information: www.artwynwood.com/

February 22 to 26, 2017: Delight your taste buds with the SOBE Food and Wine Festival

It was in 2002 that the first culinary festival of South Beach was born. It has become a major event today, with giant tents along South Beach and more than 65,000 participants from around the world enjoying delicious meals prepared by famous chefs and enjoying fabulous wines.

Barnes-Miami-SoBeFest-2017

For more information: www.sobefest.com

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1150 SW 22nd Street
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Why are Brazilians investing more in Miami?

For several years now, Miami has been seeing many Brazilian investors wishing to set up in the magic city. They come with a pragmatic vision of investment, or for fear of the political, economic and financial instability of Brazil, accentuated by the dismissal of President Dilma Roussef.

The main reasons to invest in Miami are changing

According to market experts, the reasons to invest in Miami today are not the same as 2 years ago.

According to Fernando Bergallo, owner of the foreign exchange brokerage firm FB Capital, based in S√£o Paulo: "There is no doubt that the buying motives of Brazilian investors in Miami have changed in the last 2 years. The person who was investing in Sunny Isles Beach in 2011 was doing it because the price was interesting. Now prices are higher, our currency is weaker, and they are still buying but for other reasons than immediate profitability. They have a long-term vision with the objective of coming to install and prepare their departure from Brazil. "

The Brazilian situation still fragile

In Brazil, the economic, financial and political situation is very unstable. A report of the Brazilian Senate published on August 2, 2016 confirms accusations of makeup of public accounts by the former president to promote his reelection in 2014. It is therefore the vice president Michel Temer who takes the lead of the country until the end of the supposed term of Dilma Roussef.

Various investment sectors are targeted

The investment sectors attracting Brazilians to Miami are diverse: residential real estate first, including new construction projects that flourish in the city and its surroundings. Commercial real estate also, and businesses that represent an effective way to gain a foothold, get a visa and make a profit.

Many companies are created to promote the exchange between the 1st economy of South America and the 1st city of Florida. Marcio Kogut, a 43-year-old Brazilian, has been investing in Miami since 2013. He recently created a new startup called 20startups.com, whose goal is to connect Brazilian startups and investment funds in the United States.

Brazilian investments in Miami are not ready to stop, which provides additional stability to the local real estate market for the coming years.

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1150 SW 22nd Street
Miami Beach, Florida.

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Miami rethinks public transport

Miami, like many North American cities (Los Angeles, Chicago, Washington DC), faces an auto dependency problem and a lack of transit infrastructure. Traditionally designed for and with the automobile, the city has experienced growth, including real estate, which requires it to rethink its transport policy. Especially since more and more residents are looking for "walkability" that is to say the possibility of being able to move without a car.

The city recently studied and launched several projects to relieve traffic in the busiest places, and facilitate travel between the various cities of Florida. Three projects were created: new Metrorail lines in Miami, a tram serving Miami Beach, and a train from Miami to Orlando.

An ambitious project with Alstom on the front line

For the creation of these new infrastructures, Miami relied on partners of choice.

The Japanese company Hitachi, through its Italian subsidiary Hitachi Rail Italy, will be in charge of the production of Metrorail transport systems. The company intends to establish a strong presence in the rail market in the United States, which is currently underdeveloped. She is currently creating a driverless public transit for the city of Honolulu, which will be operational next year.

In addition, a tram network will also be created in Miami Beach, on the entire South Beach / South Pointe. French society Alstom, the origin of this project, is competing for the equipment needed for this new "light train" that will facilitate the movement of tourists and residents. The construction of on-site infrastructure, apart from the production of trains, is estimated at around 387 million $. A large-scale project to modernize one of the most touristic areas of Eastern America, which is also expected to be connected to the new developed rail network in the west of the city.

Finally, the most ambitious project is that of the new generation train to connect Miami to Orlando, called Brightline. The line will run through Fort Lauderdale and West Palm Beach, ensuring optimal comfort, and will provide fast connection between cities (30 minutes between Fort Lauderdale and Miami, 60 between West Palm Beach and Miami, for example). The line will be operational in 2017.

User behavior evolves in Miami

With the emergence of new transportation solutions such as Uber, Zipcar, or even Citibike (local velib), users are changing their way of getting around, and would like to be less dependent on the car. It is the generation of the shared economy, the "green attitude", including some of the Millennium.

According to Carlos Gimenez, Mayor of Miami-Dade County, " the new generations prefer to travel by train, bus or Uber. For them, the car is a constraint, whereas it was a luxury for us. The ways of thinking are changing, and we are seeing it more and more in our community". Miami has participated in the development of Uber which is officially authorized, even near airports.

A rapprochement with the European and Asian models

These modes of transport have been tested and approved for many years in Asia and Europe, and have proven their effectiveness. These solutions represent a major step forward to reduce car traffic, help reduce fixed costs (car purchase, insurance, maintenance, parking ...) but also reduce greenhouse gas emissions and air pollution.

It will also help develop the real estate market in the more remote areas of central Miami, which will be accessible more easily and quickly.

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Miami Beach, Florida.

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Expansion of the Panama Canal contributes to Miami's economic development

Panama Canal Expands to Increase Efficiency

After 9 years of pharaonic expansion work, the new Panama Canal went into service at the end of June. Five billion euros were invested in this project equipped with 2 new locks. The Canal, which used to carry 14,000 container ships a year, will increase its traffic and accommodate boats with larger capacity.

The goal is to triple the volume of goods passing through the Canal. This will help develop US-Asian trade in goods and attract global maritime trade to this area.

Potential strong spinoffs expected for Miami and its region

Miami, as the closest US port to the Canal exit, plans to take advantage of this expansion, and to accommodate a larger quantity of larger vessels. For this, Miami has not hesitated to inject $ 139 million to increase its reception capacity, both by increasing the depth of the basins but also by equipping itself with gigantic cranes, without forgetting of course the modernization of the infrastructures of the Harbor. On Saturday, July 9th, Barnes International will be present at the festivities for the mega container ship Mol Majesty, the first to take advantage of this new infrastructure.

Extraordinary investments have also been made by the state of Florida, with a budget of 8.8 billion for the state's transportation department. This is the largest budget ever allocated to this department in this state.

The increase in commercial marine traffic in Miami will contribute to its economic and financial development over the next few years. Doug Wheeler, President and CEO of the Florida Ports Council says "the level of investment is unprecedented" in the history of this state. These prospects have also boosted industrial real estate linked to logistics. The price of warehouses around Miami and the airport has skyrocketed over the past 4 years, and there is even a shortage of available space.

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1150 SW 22nd Street
33129, Miami, Florida.

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Miami: these dream villas that break records

The Miami real estate marketin recent years, has mainly developed around the construction of new properties (including modern houses on the water) and apartments. Views of the sea or the bay, proximity to the beach, tourist activities or schools in residential neighborhoods, everyone finds his share of dreams.

A small market but with a strong added value

In this growing market over the last five years, luxury villas have also put Miami on the national and international scene of the most expensive transactions. Number of more than 20 million homes on the market is limited, and the selling time is longer since this type of good corresponds to very exclusive buyers, and profiles often scattered around the world.

Today, the Miami Dade County (Greater Miami) has 34 homes for sale above 20 million and of course each is located on the edge of the Bay or Ocean. Since last week, the record deal of the year is the area of las Brisas, located in the heart of Coconut Grove, which has just been sold. The story of this sale illustrates how the ultra luxury segment must be close to zero defect. Las Brisas offers a plot of over 27,000 square meters and 9 bedrooms in a charming house renovated with taste and elegance on 1,500 square meters. Marketed at $ 65 million in 2014, it had to be lowered to $ 47.5 million in 2015, eventually selling for $ 34.6 million after 214 days.

The reason ? This house offered an extraordinary park, with a private harbor and a vast expanse of mangrove along the bay. This mangrove is protected, can not be removed, and the owner could not have views of the bays of the house. In addition, a historic school in Miami, Ransom Everglades, considered one of the best private high schools in the United States, adjoins this property, with a ring every hour ... Sow doubt among potential buyers. Barnes International had invited French journalists to discover this property in 2014 and then bet on an institutional buyer (dream box for a private art collector for example).

It is ultimately Ransom Everglades School itself that this week has acquired one of the most expensive properties in Florida, to develop its campus and enrich it with a unique heritage as architectural and environmental.

People, Stars but also Great multinational bosses attracted by the shores of Miami

Luxury properties are often the prey of world artists who find the calm, the climate and the proximity of international flights to travel the planet. Ricky Martin, Shakira, Tom Cruise, Sting to name a few. If Julio Iglesias chose the very select island of Indian Creek with a prestigious golf course in the heart of the island, his son Enrique had a house built in the "asian modern" style by the bay, in the very private community from Bay Point just steps from the Design District. But lately, great bosses have also succumbed to the charm of Miami and its islands where you can build the house of your dreams. Michael Burke, Chairman and CEO of Louis Vuitton has acquired land to build in Allison Island, near the beach, from 2014. The chairman of the group Moet Hennessy, Christophe Navarre, offered a villa at $8,3 million dollars in Bay Harbor Islands. Note that this same house had been purchased $3.9 million in 2006. The luxury villas, on the edge of the Bay, allow the highest capital gains.

For lovers, the two most expensive villas currently on the market are Casuarina Concourse, south of Miami, in the area of Gables Estates. For $ 49 million, the house offers more than 2,000 square meters of living space and a plot of 9,000 square meters. It is located on the edge of the Bay, with exceptional views of Miami, and at the end of a perfectly private tip. The second ranking of the most expensive, at $42,500,000 is located in Golden Beach, north of the city, one of the only places where one can be in house and on the edge of the ocean (these are the more often the apartments that have appropriated the ocean).

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Barnes International present at the 12 Hours Chrono of the 2016 International

Real estate, immigration, everyday life ... will be the topics addressed by Barnes International

The 12 Hours Chrono of the International includes 12 programs of one hour each, devoted to all the opportunities, problems and things to know about a location in the United States. Various themes were discussed during this program: immigration, daily life, education, real estate, implantation, business acquisition, intercultural, and recipes for success in the USA. Barnes was present at this event, represented by Elisabeth Gazay, Associate Director and Barnes Miami, as well as Nicolas Billaud, Director of the commercial real estate department of the agency.

Immigration a key step in the investment process

The theme of immigration opened this series of programs. The different visas available, the green card, the process to obtain them, as well as nationalization were among the topics discussed. Important points such as family immigration, wealth management and investment were also mentioned. Depending on the reason for starting (business creation, transfer, internship, etc.), the procedures may be different. Discover the entire show right here.

Daily life in the US, from rental to driving license.

The second subject is about everyday life in the USA. From the apartment rental to the driving license, all the necessary processes, rules and documents have been explained by the experts on the set. The rhythm of life in the USA and the cost of renting according to the regions were also among the themes mentioned. Discover it in detail right here.

The real estate market in great shape.

The latest issue was more focused on the US real estate market, which is in great shape after overcoming the financial crisis. On the agenda: real estate in Miami, New York and other parts of the country, the facets of the market, the buying process and its differences with France, property tax, insurance, matrimonial regimes and inheritance rights. The completeness is presented to you right here.

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Barnes Miami 
1150 SW 22nd Street
33129, Miami, Florida.

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Miami is positioning itself on the fashion scene in the United States

Miami's "fashion week" symbol of attractiveness for designers

Become the largest fashion festival in the United States, Miami's fashion week continues to grow, including for Latin American clients and designers. More than 600 journalists attend this appointment as creative as it is inevitable in the month of June. Beyond the event, and under the impulse of some creators, the role of Miami will be perpetuated with the establishment of creators and their workshops.

" Few cities in the world have had such rapid success. Miami has joined cities such as New York and Los Angeles, European and Latin brands now consider it as the most important location in the United States, even before New York "Enthuses a consultant specializing in commercial real estate in Miami.

Infrastructures created for long-term attractiveness

For fashion and design to take root in the long term, neighborhoods are needed to house the workshops, training schools, and window-dressing areas for the clientele. A symbol of the new Miami square, the new District Design District, between Soho and the Faubourg St Honoré, offers an original, high-class setting for fashion and luxury brands. Many brands are installed, including many of the flagships of the LVMH group. Dior has created its largest store in the United States, Louis Vuitton, Lanvin, Marc Jacobs, Louboutin, Berluti, beautiful showcases. Hermes has one of the most beautiful stores in the world. In addition, the most prestigious jewelers and jewelers have also chosen Design District, such as Van Cleef & Arpels, Cartier, Piaget, adding the Richemont group to the prestige of the place.

Fashion and design schools are created to help develop new talent

As for schools, DASH (Design & Architecture High School) is one of the most renowned public high schools in the United States for design and fashion. Prior to the renaissance of the Design District, it is today in a strategic site. The Miami Fashion Institute, the first specialized university, will open its doors next August, with a 2-year program focusing on design, fashion and merchandising. This project is the result of a collaboration between two renowned designers: René Ruiz, founder and leader of his own eponymous brand for 25 years, and Naeem Khan, an Indian designer who counts Michelle Obama and Kate Middleton among her clients. So they created this school together to give the Miami fashion industry the opportunity to reach its maximum potential.

The announcement of the arrival of Naeem Khan in Miami had made a splash because it employs more than 120 people in its New York workshops. Magic City rolled out a red carpet for him to install his new headquarters on the banks of the river, Miami's new trendy but still affordable emerging neighborhood. There is no doubt that it will pave the way for other talent, confirming Miami's strategy to diversify its business lines in order to increase its attractiveness on a global scale, and create new jobs.

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1150 SW 22nd Street
33129, Miami, Florida.

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Miami's cultural diversity contributes to its real estate development

Miami's cultural diversity contributes to its real estate development

Miami-Dade: 51 % of the population is of international culture

The analysis of cultural influence on purchasing habits is essential to understand and adapt to a market. Miami is a perfect example: with more than one in two people in Miami-Dade of foreign origin, it is a mix of many cultures that form a heterogeneous market with diverse expectations. This diversity places South Florida, and more particularly Miami, as an economic player with a strong presence in international markets.

The door of Latin America

Given its geographical position, Miami has logically become over the years a necessary passage between Latin America and the United States. Many investors from this region invest in Miami, live there for part of the year, have head offices there. They represent 76% buyers in Miami-Dade and 63% buyers in Broward. They are attracted by the favorable economic prospects for investment, stability, security, geographical proximity without forgetting the climate, the atmosphere and the fashion and jet set side.

However, other parts of the world are also represented, and are investing larger amounts. It is less well known that the five largest investments last year were made by investors from Spain, China, Canada, Norway and the United Kingdom. Asians, Europeans and Canadians invest in the region, but in a different way. Asians are attracted mainly by Palm Beach, Europeans and Canadians alike, but they are also interested in Broward. Miami-Dade is favored by the South Americans.

With these particular market conditions, local real estate players have adapted. Communication tools and polyglot and multicultural agents, everything is done to attract foreign investors and support them in their real estate investment. At Barnes International Realty, we have seen that each transaction is conducted with multinational contacts: it is not uncommon to have at least four different nationalities and cultures around a negotiating table. Our teams are themselves multicultural, it allows to better navigate in this environment and to be comfortable whatever the context to ensure the success of the transaction.

A sustainable evolution for the local real estate market

This diversity of population, in addition to being a force in terms of demography with the decline of births in many US cities, is also a strong factor of attractiveness of the market at the global level. Miami has become an international magnet attracting investors and thus encouraging growth over the long term.

Despite the voices of experts announcing in 2009 that the 19,000 apartments available on the market would take decades to be absorbed by the market, this number has finally been reduced by more than 11,000 in four years. Today, the market intends to stabilize and seek to become sustainable thanks to this international attractiveness.

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Barnes Miami 
1150 SW 22nd Street
33129, Miami, Florida.

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Miami, city of culture and art

The Miami Museum Month from May 1st to May 31st

Miami is not only a city with beautiful beaches attracting thousands of tourists each year, it is also a cultured and creative city. In recent years, it has become a trendsetter on the international scene of contemporary art, thanks to several events promoting art and culture, such as Art Basel Miami Beach and the Miami Museum Month, which runs from May 1st to May 31st this year.

The "Museum Month" allows interested people to have 1 free admission for 1 purchased, and other discounts and tips on museums, exhibitions and other historic and cultural places in the city.

Many places involved

Many institutions participate in the operation, such as the Lowe Art Museum, the Miami Art Museum, and the Perez Art Museum. The aim is to promote the culture of the city, giving access to the local population and tourists visiting it. Private collections will also be on display at this event. Weekend tours have been organized for art lovers.

Culture for all tastes

With the large number of establishments participating in the operation, you will inevitably find one that will arouse your interest! Contemporary Art, Architecture, Gardens & #8230; Many artistic and cultural trends are highlighted during this event, including the historical heritage of the city such as the Viscaya Museum and Gardens for example.

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Barnes Miami
1150 SW 22nd Street
33129, Miami, Florida.

We really appreciate your feedback and comments. To comment on this article, please send an email to¬†[email protected]

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