Tag Archives: ICON Bay

Real Estate Seen as the Top Investment for 2014

Miami Skyline2

In an article published by Bloomberg describing a finding by Morgan Stanley’s wealth-management unit, it was reported that  The team found that 77% of investors that have at least $1 million in assets own real estate. In the survey released amongst investors, the teams asked what the top alternative-investment picks were for 2014. What investment claimed the top of the list? Direct ownership of residential and commercial properties. 33% of the surveyed millionaires stated they planned to buy property this year. 23% of the investors claimed intentions to invest in real estate investment trusts, the second-most popular choice.

The U.S.  real estate market is attracting wealthy investors since it has been on the rebound for a while now, as currently fixed-income yields are very low whereas equities are soaring. Also contributing to the increase in domestic investment is the rise in foreign investment in U.S. major cities. As foreign investors allocate their money in the U.S., competition spawns which in turn drives prices up. To read more about the effects foreign investment is having  on the Miami real estate market, follow this link: https://brickell.com/foreign-buyers-boost-miami-real-estate-market/.

This trend of investment is already notable. Many pre-construction buildings have already completely sold out, among them Icon Bay, Brickell House, and Millecento; others are already on this path and more are sure to follow. If you are interested in investing in Miami or merely interested in educating yourself in real estate investment, do not hesitate to call us at (305)379-0203; we’re only a call away.

A Look at the Exciting Pre-Construction Condo ICONBAY

Not a year goes by without another big development in Brickell. The fast-growing urban community already hosts some of the most impressive and stylish buildings in the nation, with many more audacious structures to come. Perhaps the most hotly anticipated is ICONBAY, which has recently begun construction and promises to be one of the most luxurious condos in the city.Screen Shot 2012-08-16 at 2.48

The Real Deal, a major South Florida real estate source, has more:

“The Related Group and the National YoungArts Foundation are partnering to bring programming into Related’s new condominium projects, they announced Monday. “We are constantly looking for fresh ways to revitalize Miami’s urban core through art, which I’ve always felt is one of the most important ways to express our vision for living,” said Related CEO Jorge Perez. The programming will begin at Related’s ICONBAY project at NE 28th Streetand Biscayne Bay. That’s a few blocks from the Bacardi building, which the YoungArts building acquired earlier this year. Frank Gehry will be overseeing the redesign of that property.”

This ranks as one of the most high-end projects ever undertaken by The Related Group, which has a well-earned reputation for quality. Needless to say, this is a very promising development, and the first four floors have already been completed.

The ICONBAY will soar up to 42 stories, making it one of the tallest bayfront buildings in the city. Its promised amenities include a 3-story grand lobby, round-the-clock security and concierge, gym, infinity pool, coffee bar, and much more. Units will be completely furnished and feature high-quality finishes, private elevators, modern kitchens and bathrooms, and much more. One of this project’s stand-out features is a 20,000 square foot fenced park, which will feature lush landscaping, interactive fountains, and artistic sculptures.

Rest assured that as the top source on everything Brickell, we at Brickell.com will be paying close attention to this phenomenal development. To learn more about this and other great real estate opportunities in the area, call us at 305-379-0203.