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What is Miami 2020 and Its importance to Investors

It’s the perfect time to invest in South Florida. By most reports, there is an over abundance of luxury condos on the market that is now being heavily discounted to sell to foreign investors. The market is prime for buyers looking to capitalize on the extra inventory from the economic upswing seen in the last few years.  In the high-end market condos still command a high price for in demand, highly sought properties such as the luxury waterfront condos in the South of Fifth. According to reports on Miami 2020, the city’s growth in the world of the arts, dining, high-end retail and overall neighborhood transformations has officially placed the city within the ranks of the most culturally rich locales in the world, and investors are become heavily attracted to the lure of this brand new bustling Miami new lifestyle.

Miami Beach is the ultimate destination for arts & culture, industry, and entertainment in the U.S. As a global city which attracts some of the world’s wealthiest ultra high net-worth individuals and international investors, the city has swelled in the number of residences and amenities to cater to the ever growing population of affluent residents.  South Florida’s rapid economic growth and expansion of the tourism industry in the last few years created a multi-billion dollar market for the city’s development of infrastructure, transportation, and luxury residences.

Experts predict that by the year 2020, Miami and Miami Beach will be home to an ever increasing affluent community due to construction and development of mega projects and over $10 Billion in ultra-luxury developments along Biscayne Bay’s waterfront in Downtown Miami and the vicinity. It’s reported that the area along Biscayne Blvd is already being called Miami’s $10 Billion Mile. For investors, unprecedented growth creates one of the most exciting and significant real estate and business opportunity to arrive in Downtown Miami and certain pockets of Miami Beach in decades. The city has thousands of proposed projects in the pipeline that will further enhance the growing skyline and the international residents that call Miami Beach home.

Some of those projects in Miami and Miami Beach are already completed and some are on the way including:

  • Completed $1 Billion Brickell Citi Centre
  • Ocean House Miami Beach
  • Glass Miami Beach
  • Marea South Beach
  • One Ocean Miami Beach
  • Porsche Design Tower
  • Mansions at Acqualina
  • Armani Casa
  • Chateau Beach
  • Regalia
  • 400 Sunny Isles condo
  • Marina Palms Yacht Club
  • New Miami Design District
  • Completed Perez Art Museum and Frost Science Museum,
  • Paramount Miami Worldcenter,
  • Skyrise Miami
  • Port of Miami expansion and tunnel,
  • The All Aboard Florida passenger train
  • And more direct flights to Miami International from destinations around the globe.

With all the new infrastructure, developments and advancements the city are expected to usher in a new metropolis that catapults Miami and the Beaches to higher levels in many industries as it becomes a hub for restaurants, arts, real estate, culture and finance. The city has been labeled as the Wall Street of the South for its business and commerce reach into Latin America, the Caribbean, South America, and beyond. For these reason, investors may do well to express interest in Miami business and real estate in order to take advantage of opportunities while they exist.