By Yolanda Rivas
2 min read AUGUST 2019 — With warm weather, a diverse population and a strategic location, Miami is a magnet for new residents. From luxury condos to mixed-use developments and single-family homes, the city’s residential sector remains strong. These are five thriving neighborhoods to live, work and play.
The popular art district is a must for many visitors. What once was an area with shuttered factories and warehouses is now recognized as a premier destination for arts, culture and innovation. Wynwood is home to over 400 businesses, including art galleries, antique shops, artisanal food and beverage restaurants and innovative companies. The neighborhood’s street art and hundreds of murals and graffiti are a main driver to the area. The 2018-19 Wynwood Market Report states both multifamily and office inventory in the Wynwood Business Improvement District market are poised to double over the next three years, as projects that are under construction are delivered.
Known as the financial district of Miami, Brickell has much more to offer than just business and office space. With many trendy bars and restaurants, hotels, condominiums and business opportunities, Brickell is among the fastest-developing areas in Miami. The opening of the $1.05-billion shopping and mixed-use Brickell City Centre in 2016 has been a catalyst for growth. The walkability in Brickell and access to the metromover are also some of the benefits for families and businesses in the area.
“Brickell offers the ultimate live, work and play lifestyle. Apart from its walkability and nightlife, it also serves as a central point between the best Miami has to offer. It’s minutes from Coconut Grove, Key Biscayne, Wynwood and Miami Beach,” Diego Valencia, founder of WeRentBrickell.com, told Invest:.
Located south of Downtown Miami, Coconut Grove is a pedestrian- and bike-friendly neighborhood that is perfect for an escape from the city’s noise. It has been the sailing capital of Miami and it is known for its lush green landscape, bohemian setting and the beautiful Biscayne Bay waters. The renovation of the iconic, open-air mall CocoWalk is expected to attract national and international brands to the area. “The entire retail and office landscape of Coconut Grove is being redeveloped, and there are a significant number of baby boomers who are living in large homes and are reaching a stage in life where relocation makes sense. This creates opportunities for new buyers and developers,” Jay Phillip Parker, CEO of Douglas Elliman Real Estate, said in an interview with Invest:.
Located north of Downtown, next to Wynwood Arts District and south of the Design District, this neighborhood has great potential as a live, work, play community. Residential and office towers in the area have great views to Biscayne Bay and a strategic location near some main highways, major neighborhoods and arts and culture offerings. Property prices are usually lower than those in Miami Beach or Downtown and construction activity is on the rise.
Doral is one of the fastest-growing cities in Miami-Dade. The city’s population has grown 77% in the last eight years and is ranked No. 2 in Forbes Magazine’s America’s Top 25 Towns To Live Well, which cites the city’s cultural amenities, pro-business environment, and highly educated workforce.
“Doral is one of the best locations to live, work and play. It has the parks, restaurants and amenities, and it’s located between the major highways and near the airport. A lot of major companies are headquartered in Doral, and many of the industrial players are located in the city as well. The government is very approachable and they understand business needs,” Rich Guertin, regional vice president of PS Business Parks, told Invest:.
To learn more about our interviewees, visit:
Douglas Elliman Real Estate: https://www.elliman.com/florida
PS Business Parks: https://www.psbusinessparks.com/