From transformative housing projects to skyline-defining towers and stalled mega-developments, Miami’s real estate market is surging with change. Here’s your curated breakdown of nine key headlines from the past 30 days that highlight the forces reshaping South Florida’s urban future.
Miami Now a Buyer’s Market
Miami’s housing market has officially tipped in favor of buyers, according to the latest Realtor.com report. The metro now has about 9.7 months of housing supply, the highest among America’s 50 largest metros, giving buyers significantly more choice and negotiating power as homes take longer to sell.
Lincoln Road Pedestrian Zone Expansion
Miami Beach broke ground on a 29.4 million dollar project to expand the famous Lincoln Road pedestrian mall. Plans include pedestrianizing a block of Drexel Avenue, creating a new outdoor performance space, and installing updated paving, lighting, café seating, and landscaping. Completion is expected in about a year.
Miami Worldcenter Metromover Station Opens
The renovated Park West Metromover station has reopened at Miami Worldcenter, featuring new canopies, escalators, and seating. The upgrade improves public transit connections to one of Downtown’s most dynamic districts.
Bayfront Condo Tower to Replace Aging Building
Terra Group and partners acquired over 95 percent of units in a 1960s-era Biscayne Bay condo and will replace it with a 330-foot luxury tower of roughly 100 residences. Backed by a 98 million dollar loan, the project includes resiliency upgrades, a baywalk extension, and improved public spaces.
Aman Miami Beach Rising
The ultra-luxury Aman Residences in Miami Beach has reached the vertical construction phase at the historic Versailles Hotel site. The 18-story project will include 22 exclusive condos atop a 56-room Aman hotel. With crews adding a new floor every two weeks, completion is on track for early 2026.
Brickell Condo Tower Sells Out
One Twenty Brickell Residences, a 37-story tower under construction, has officially sold out. Developed by PMG, the project gained attention for including a private office suite with each condo. The tower secured 413 million dollars in financing and is set for delivery in 2028.
Twin-Tower Faena Project Seeks FAA Approval
Developers have submitted plans for Faena Residences Miami, featuring two striking 60-story towers designed by the late Rafael Viñoly. The 440-condo project includes a cultural center connecting the towers, with proposed heights of 802 feet awaiting FAA approval. If approved, the project would transform a prime downtown riverfront site.
Miami a Top City for New Apartments
A new study ranks Miami 7th nationwide for apartment construction in 2025, with 15,666 new units projected this year alone. This surge reflects the broader Sunbelt boom, where nearly half a million new apartments will be completed nationwide, driven by population growth and job migration.
Stay Ahead of the Curve in Miami Real Estate
From affordable housing megaprojects to skyline-altering towers, these developments signal where the city is headed next.
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