RESORTS WORLD MIAMI

In May 2011, the Genting Group, a major investment firm from Malaysia, purchased 14 acres of land in downtown Miami with plans to build a mixed-use development.

To be known as Resorts World Miami, the development will include 5,200 hotel rooms, 50 restaurants and bars, 60 luxury shops and massive convention and ballroom space. The resort will include more than ten million square feet of development, and will cost about $3 billion. All told, Resorts World Miami is expected to create 15,000 direct and indirect construction jobs and another 30,000 direct and indirect positions on an ongoing basis.

Resorts World Miami is expected to transform the eonomic and tourism landscape of Miami and have a profoundly positive effect on Miami and Miami Beach property values as a result.                           

 
MIAMI BEACH REAL ESTATE

 

Miami Beach has been one of America's most vibrant beach resort communities for almost a century. Once having sold for a mere 25 cents an acre, Miami Beach real estate has evolved into an epicenter for the rich and famous as well as for anyone that enjoys the good life. Miami Beach has captured the attention of cultures from around the world not only as a premium travel destination, but as a secure real estate investment due to Miami's recent economic boom.

 

Beyond the sun and surf, Miami Beach offers a culturally diverse business environment, international workforce and prime Miami waterfront real estate including new Miami oceanfront condos overlooking the Atlantic Ocean. With foreign investors weighing the income potential and long-term appreciation that Miami Beach real estate offers, the Miami real estate sales activity has surpassed the levels of the height of the Real Estate Boom and is currenty outperforming the rest of the nation in many aspects.

 

Miami Beach Condos, with their private courtyards and rooftop terraces, lifestyle centers, lap pools and top-of-the-line interior finishes, are rapidly being scooped up by Venezuelan, Canadian and Brazilian investors. The Miami real estate structure, including Miami Beach Condos along Ocean Drive, Lincoln Road, Collins Avenue upward to North Miami Beach, is seeing an amazing revival due to some of the largest developers in the country.

 

With the rich history of Miami Beach being an entertainment and cultural center, chic boutiques, world class dining and renowned nightclubs, Miami Beach real estate is exceeding all expectations. Miami Beach Luxury Homes and Miami Beach condos are selling at price levels that are capturing the world's attention. From South of Fifth to Bal Harbour, Miami Beach has become the gateway for beautiful weather, beautiful places and beautiful people. Miami Beach real estate has become the gateway for a beautiful thing to have.