North Bay Village
Real Estate
This tiny Miami town is heating up as new developments break ground
The tiny town of Bay Harbor Islands is heating up with several new condo projects in the works.The big picture: Since 2021, developers have proposed nearly a dozen projects with 400 residential units in the town of about 6,000 residents, according to The Real Deal.The development boom raises traffic questions. The main two roads connecting Bay Harbor to the mainland – the Kane Concourse and Collins Avenue – are frequently gridlocked.In the past week alone, the following projects have hit key milestones:La Baia North, one of two condo projects that the Continuum Company has planned for the island, broke ground...
South Florida Real Estate Leader Jack Lowell Passes Away, Community in Mourning
The South Florida real estate community is mourning the loss of Jack Lowell, a beloved and respected leader who served as the executive vice president of Colliers South Florida. Lowell, who was also a former chairman of Miami-Dade's main economic development agency, the Miami-Dade Beacon Council, passed away on September 28 in Boston. He was surrounded by his wife and family after a brief battle with cancer. He was 81 years old.
Bank Seeks $3.3M Foreclosure on Real Estate Tied to Local Electronics Company
United Community Bank has filed three foreclosure lawsuits in Miami-Dade County, seeking to recover $3.26 million from real estate tied to Camlem Trade, a Doral-based electronics wholesaler primarily serving Latin American customers. Despite filing for Chapter 11 bankruptcy in July, Camlem Trade, also known as CMTRD LLC, remains operational.
FL Condo Owners Already Assessed Tens of Thousands For Repairs Must Leave Condos Deemed Unsafe
Many Floridians are aware that the Surfside condo tragedy of 2021 increased requirements for condo associations in Florida. Because of this, the Sunshine State's condo associations must now conduct more frequent inspections. Sometimes, these inspections result in expensive repairs from homeowners which can require special assessments. Residents of one Fort Lauderdale condo - at Springbrook Gardens - have had to pay tens of thousands for repairs. Despite this, their condos were just deemed unsafe and now they must leave.
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