Downtown Miami may soon be experiencing another remodeling job that will give way to some notable new places to check out per fairly recent news reports. What’s more, commissioners are looking to rid themselves of existing construction debts that just may spur the creation of the Florida Marlins stadium that has been gestating idly for years.
Opinion will surely be divided but these new developments may be the catalyst that will once again inspire further additions in real estate hotspots like infamous Brickell Avenue and beyond. The Performing Arts Center has been one of the few exceptions to the otherwise sluggish city expansion which has done a lot to attract tourism dollars and overall revenue.
It remains quite famous for its celebrated design district but the soaring downtown skyscrapers and densely populated streets can definitely improve on the natural aesthetic. Currently in the works among the aforementioned city developments is a lush museum park. Market complications aside, discerning buyers oftentimes demand to be surrounded by lush, serene settings and such a creation may in turn spur more people to explore downtown Miami real estate.
Getting back to the Marlins Stadium, should the purported project finally get the green light, those previously mentioned tourism dollars may start to flow in. There’s an even likelier chance some of those tourists vacationing in Miami or staying at a nearby South Beach condo hotel will turn around and make a down payment on a vacation or permanent luxury home.
The last component in the proposed development is a community of affordable houses. Everyone knows the condos and residences in downtown Miami cater largely, albeit not completely to people with high incomes. This project could entice buyers who have long wanted to live near the bustling downtown area but did not have the necessary funds to afford a place there. These future developments and the small positive turn the housing market is supposed to take this year may end up doing wonders for the area.