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Demand for South Florida Real Estate Fuels Soaring Prices and Gleaming Towers as Tech, Music and Hollywood Hit the Region
Demand for South Florida real estate fuels soaring prices for residential, hurricane-resistant towers.
Entertainment, sports and finance figures like Amazon’s CEO Jeff Bezos and Sylvester Stallone have made the move to the tonier cities in South Florida. A sampling of names attached to these towers range from Chef Jean-Georges Vongerichten, with the 48-story Jean-Georges Miami Tropic Residences, to Carbone’s Major Food Group, the restaurant group behind the 55-story Villa Miami (units are outfitted with chef’s kitchens, naturally), to fashion mavens Domenico Dolce and Stefano Gabbana who are tailoring residences and a hotel at 888 Brickell. They are like fortresses, with all sorts of tested and proven technology,” and with none of the insurance issues facing older condo stock, says Eklund.On its own island overlooking Biscayne Bay, the Mandarin Oriental Residences Miami will range from 2,300 square feet up to 5,800 square feet and are designed to appeal to an end user who wants more space, unbelievable finishes and five-star hotel services, explains Maile Aguila, senior vice-president at Swire Properties, the project’s developer.
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