Sanmo Realty

Florida is by far the top state where high income households are moving to, according to a recent analysis.

SmartAsset analyzed IRS data from the 2021-2022 tax year for the study.

Florida had a net inflow of 29,771 high-income households during the period. That includes 46,874 arriving high-income households, and 17,103 moving elsewhere.

The average income of high-earning arrivals was $907,013. High income households departing Florida earned a more modest $294,189.

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Plans for the Dolce&Gabbana Tower were submitted to Miami-Dade planners last week.

According to a letter attached to the application, the developer is requesting administrative site plan review for the new building.

The new filing shows the tower will rise 81 stories and include:
- 259 residential units
- 102,805 square feet of commercial uses, including retail, restaurant, spa, and gym
- 273 parking spaces

Elevations show the tower will reach exactly 1,049 feet, which is the maximum permitted by the FAA in the area.

The developer closed on the purchase of the property earlier this year for $61m.
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Today, as we mark the 23rd anniversary of the events of September 11, 2001, we come together in memory of the victims and in solidarity with their families. This day is an opportunity to reflect on the strength and resilience shown in times of adversity.

At Sanmo Realty, we understand that investing in real estate is an important and personal decision. Our mission is to provide you with the support and knowledge needed to make informed and successful choices. With an experienced and passionate team, we offer a detailed view of the Miami real estate market, highlighting the best opportunities and trends.

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At Sanmo Realty, our commitment is to connect you with the best investment opportunities in Miami. With a deep understanding of the local market and extensive experience, we are ready to help you find the perfect property, whether for living or investing.

Contact us today and discover how we can help turn your goals into reality. Let Sanmo Realty be your partner in the journey to the best that Miami has to offer.

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At Sanmo Realty, our commitment is to connect you with the best investment opportunities in Miami. With a deep understanding of the local market and extensive experience, we are ready to help you find the perfect property, whether for living or investing.

Contact us today and discover how we can help turn your goals into reality. Let Sanmo Realty be your partner in the journey to the best that Miami has to offer.

📲 +1 305-967-6337

The Federal Aviation Administration has completed a review of the proposed Midtown One tower, which is set to become the tallest in the neighborhood.

According to a July 15 determination letter, the building’s proposed height of 610 feet above ground level and 623 feet above mean sea level does not pose a hazard to air navigation.

Midtown 1 is planned to include:
329 residential units
16,457 square feet of full service restaurant
11,280 square feet of retail
498 parking spaces on five levels

Arquitectonica is the architect.

Midtown 1 Investments, led by Terra and Lion Development Group, is the developer.

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Wealthy Mexicans are looking to Miami real estate as a safe haven following a recent election, Bloomberg is reporting.

Real estate brokers in Miami say that there has been a sharp increase in interest from Mexicans. Data from Google searches and other sources indicate that the trend is real.

In Brickell, the 80-story Cipriani Residences is one of the beneficiaries of this trend.
More than 80 units at Cipriani have sold to Mexican buyers in the past two years.
Cipriani is the tallest building to ever break ground in Brickell. Mexican billionaire Carlos Slim is reportedly financing the tower. Groundbreaking took place in February.

Miami combines the best of all worlds: excellent quality of life, diverse culture, and a growing economy. Whether you're looking for a place to live or invest, Miami is the ideal destination.

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Miami was among the fastest growing big U.S. cities, according to recently released Census data.

Between July 2022 and July 2023, Miami’s population increased by 1.3%.
That makes Miami the tenth fastest growing big city (defined as a population above 250,000), according to an Axios analysis.

As of July 2023, Miami’s population stood at 455,924. The wider Miami metro area has a population of 6.1 million as of 2022.

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Miami is known for its beautiful beaches, year-round pleasant climate, and vibrant nightlife. Additionally, the city offers excellent quality of life, great schools, and a growing economy.

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We are a real estate agency specialized in helping you find your dream property in Miami. Our dedicated team is here to provide the best service and support throughout the buying and selling process.

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A foundation pour for the 67-story Mercedes Benz Places tower has been completed, according to the developer’s social media account.
Vertical construction is expected to begin in July.

The pour took place over the weekend, with over 10,000 cubic yards of concrete trucked in.

The development is one of the largest currently under construction in Florida, at over 2.5 million square feet.

Mercedes Benz Places will have 791 residential units, along with office, hotel, retail, and amenity space.

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According to the Miami Herald, the real estate market in Miami is booming, with a significant 10% increase in home prices in June 2024.

Industry experts attribute this continuous growth to high demand coupled with a limited supply of available properties. Miami stands out as an attractive destination for investors due to its vibrant economy, favorable climate, and luxurious lifestyle.

With growing opportunities for appreciation, investing in Miami real estate now can be a strategic decision to ensure solid returns in the future.

Don't miss the chance to be part of this promising market and secure your place in one of the most dynamic cities in the United States. Invest in Miami!

This July 4th, we celebrate Independence Day in the United States, a time to honor the history and freedom of this great country, where we remember the values of liberty, justice, and equality that form the foundation of the American nation.

We wish everyone a Happy Independence Day filled with joy and celebrations. May we continue to cherish liberty and justice for all. Happy 4th of July!

Developers have announced plans and launched sales for a new 35-story tower called Domus Brickell Center.

Domus Brickell Center is planned to include 579 fully finished and furnished units allowing short term rentals. Prices range from the $500,000’s to $1.5 million.

Brickell’s Metrorail and Metromover stations are a block away from the project site.

The Domus concept is differentiated from condo-hotels and other short term offerings due to a newly created management company that will oversee day-to-day services and ensure top-tier brand standards.

North Development – a joint-venture between Miami developer Ricardo Dunin’s Oak Capital and Peru’s Edifica, is the developer.

The developer broke ground on its sister project, Domus Brickell Park, which is now approximately 60% sold and slated for completion next winter.

Miami’s Studio Mc+G Architecture is the architect for Domus Brickell Center. Interior design is by Urban Robot Associates, and Thornton Construction Company is the general contractor.

Delivery is planned for the end of 2027.

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Miami Dade’s Aviation Department is moving forward with the construction of Concourse K, as part of an expansion of the South Terminal.

A public notice was issued this week requesting design-build services. Miami Today first reported on the notice.

The new building will have three levels that match the finish of the existing South Terminal.

It is planned to accommodate three wide-body aircraft at a time, or six narrow body aircraft. It will also have remote hard stands for three more wide-body or five narrow-body aircraft.

Larger lounge spaces are also planned as part of the expansion. The lounges are currently in big demand, Miami-Dade’s aviation director told Global Miami.

Total value of the design-build package is listed at $621m.

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On this Father's Day, we celebrate the strength, wisdom, and love that all fathers share with their families, always caring and inspiring. May this day be filled with joy, affection, and unforgettable moments.

We wish everyone a happy Father’s Day!

New renderings of the 67-story Mercedes Benz Places tower under construction in Brickell were unveiled at an event last week.

The building “has already set a sales record,” with 100 units sold in just the first four days of marketing.

The image reveal event took place last week at The Concours Club ahead of the Formula 1 Miami Grand Prix weekend.

It was attended by Toto Wolff (CEO of Mercedes AMG Petronas F1 Team), Michael Stern (CEO of JDS Development) and Ryan Serhant.

Giant Mercedes logos can be seen at the building’s porte cochere and rooftop pool in the new images.

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PortMiami has seen a number of giant cruise terminal’s completed in recent years, but none are bigger than the new MSC Terminal that is now moving closer to completion.

MSC’s $450m PortMiami facility will be the world’s largest cruise terminal when it opens later this year.

It will have capacity for 36,000 guests each day, with 3 cruise berths. A parking garage for 2,400 cars is also being built.

Shore power is being built in to the new facility, helping to reduce pollution in the area.

MSC is heavily investing in Miami, with a new $100M headquarters office announced in Overtown.

The company has already announced a naming ceremony for its newest flagship—MSC World America on April 9, 2025, to be held at the new PortMiami facility.

Contact us to learn more about investments in Miami.

Swire Properties has launched sales for The Residences at Mandarin Oriental, Miami and released additional details on the development.

Two towers are planned, connected by a landscaped podium. The South Tower will rise 66 stories, or 850 feet, while the North Tower will rise 426 feet. Both are being designed by Kohn Pedersen Fox.

The South Tower will have 228 condos, with luxury appliances and finishes, along with 11-foot ceilings and private elevators. Interiors are by Parisian designer Tristan Auer.

A $100 million duplex penthouse is being offered for sale at the top of the tower, with 16,000 square feet of interior space and 7,000 square feet of private outdoor space, along with one of Miami’s highest private infinity pools.

The North Tower will have 121 hotel keys, a spa, and multiple restaurants. There will also be an additional 66 private residences and 28 hotel residences.

Construction is expected to begin in 2025 with occupancy from 2029.

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A Brickell tower that is under construction has been renamed Viceroy Brickell and units will be sold as condos, according to the Miami Luxury Homes blog.

Viceroy Brickell is planned to top off at 45 stories. It is being built next to the Baccarat Residences tower which is also under construction.

A total of 498 condos are planned ranging from studios to 2 bedrooms, with prices starting in the $600s, the report said.

Units will be delivered finished and rentals of 30 days will be permitted.

Completion is planned in 2026.

Miami never stops evolving, and you can't afford to miss the opportunity to achieve significant financial returns in this ever-evolving market.

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The Perigon Miami Beach has broken ground.
It is the first residential project in the area designed by OMA, led by world-renowned architect Rem Koolhaas.

The development also features landscape design by Gustafson Porter + Bowman, the firm responsible for redesigning the green space at the Eiffel Tower and delivering the Princess Diana Memorial Fountain in London’s Hyde Park.
Interiors are by Tara Bernerd.

The Perigon will rise 17 stories, and include 73 condo units.
Demolition at the site was extended due to regulatory changes, the developer said.
Mast Capital and a controlled affiliate of Starwood Capital Group are the developers.
Occupancy of The Perigon is scheduled for late 2026.

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Miami’s office market remained atop an index measuring foot traffic into office buildings last month.

The Placer.ai index analyzes activity in major office buildings nationwide, and compares it to pre-COVID levels.

Miami has enjoyed the fastest recovery of any city, the index shows.
In March 2024, that growth continued. Office building activity in Miami was up 8% over the same month in 2023, the report said.

Miami is a city that never stops growing, so it's worth considering all the opportunities it offers. Whether you're an investor looking for new opportunities or someone who wants to enjoy life in a dynamic and exciting location, Miami has something for everyone.

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Why invest in the real estate market of Miami?
Miami serves as a gateway to the United States real estate market, providing a strategic location for international investors.
➡️ Steady growth: The real estate market in Miami has experienced steady growth in recent years. With a diversified economy and a continuous demand for residential and commercial properties, Miami offers a conducive environment for long-term investments.
➡️ Legal and political stability: Investors value the legal and political stability offered by the United States, especially in markets like Miami. The transparent legal system and stable political structure provide a secure environment to invest and safeguard assets.
➡️ Business-Friendly climate: In addition to its attractive tropical climate, Miami offers a business-friendly environment and a vibrant entrepreneurial culture. This attracts both domestic and international investors seeking growth opportunities and portfolio diversification.
➡️ Diverse opportunities: The real estate market in Miami offers a wide range of investment opportunities, from luxury waterfront condos to high-yield commercial properties. With options for investors of all profiles, there is always an opportunity that aligns with each individual's investment goals and strategies.
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On Mother's Day, our thoughts turn to those extraordinary women who have shaped our paths with unparalleled love, patience, and dedication.

Happy Mother’s Day!

Contractors recently completed a foundation pour for the 70-story Okan Tower, which is set to reach a height of 902 feet in the air.

It will be one of Miami’s tallest towers when it reaches completion, which is now planned for 2027, the developer said in a statement yesterday.

Okan Tower is planned to include 163 residential units, 236 short-term rental residences managed by Hilton, and a 316-key Hilton Miami Bayfront Hotel along with 64,000 square feet of Class A office space.

For the foundation pour, 12,000 cubic yards of concrete was poured, with 2,300 tons of high strength reinforcing steel placed.

The 36-hour continuous pour began on Friday, March 29. A crew of 300 workers across three shifts completed the job with the help of 1,200 concrete trucks.

General contractor Jacob Companies joint ventured with Okan Construction oversaw the pour.

Okan Group is the developer.

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Get ready for hundreds more residents in Wynwood.

AMLI Wynwood, a property with 316 luxury apartments, is now open, according to the AMLI Residential blog.

Units are available now, the property website shows.

A cross-block pedestrian passage is also now open, the blog post said.

The project also includes 388 parking spaces, and is among the largest to break ground in Wynwood.

Arquitectonica is the architect.

Ground floor retail tenants announced so far include Ghee Indian Kitchen, The Hive, and The Baked Bear, according to Metro 1.

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Miami’s Urban Development Review Board voted yesterday to recommend approval of a new tower at Miami Worldcenter’s Block C.
The board praised the clean and elegant design of the tower, according to architect Nichols.

The new tower is planned to rise 53 stories, or 632 feet above sea level at the roof, and include:
✅ 280 hotel keys;
✅ 351 multifamily units with multiple amenity levels;
✅ Bar and lounge, and pool deck on the 25th floor;
✅ Multiple levels of retail and restaurant at street level;
✅ 331 parking spaces.

Falcone Group, led by founder & CEO Art Falcone is the developer.

A brand partner for the building will be announced in the coming months.
What do you think about this news at the Miami Worldcenter? Get in touch with us to learn about the best investment opportunities in Miami.
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A short-term-rental-friendly condo project has broken ground in Brickell and obtained construction financing. Domus Brickell Park is planned to include 172 condo units in a 12-story building.

North Development, a joint-venture between Ricardo Dunin’s Oak Capital and Peru-based Edifica, led by Juan Carlos Tassara, held a groundbreaking ceremony at the construction site on March 21.

Zyscovich Architects, interior architect Urban Robot Associates, Thornton Construction Company, Inc., and Cervera Real Estate are also part of the project team. The developer secured a $70 million construction loan from South Florida-based Forman Capital and Core Capital to allow work to begin. More than 50% of units have been sold. Completion is planned for Q4 2025.

Contact us to learn more about investments in Miami.

An application has been filed with Miami Beach planners for a new hotel on Washington Avenue.
Renderings show the hotel will be named The Cloud One. The chain has locations in New York, Hamburg and Nuremberg.
The new South Beach hotel will rise 7 stories and have 238 hotel keys, with a rooftoop pool deck and lounge with outdoor seating, along with a ground floor restaurant. No parking is proposed.
Arquitectonica is the architect. 1515 Washington Acquisition LLC is listed as the developer.
The Miami Beach Planning Board is scheduled to have a hearing on the proposal on April 25.
The Cloud One project is expected to further contribute to the tourist and economic landscape of Miami Beach, solidifying the city as a world-class destination for discerning travelers seeking luxury, comfort, and sophistication.

To discover investment opportunities or find your dream home in Miami, contact Sanmo Realty today.

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