Brown Harris Stevens | Zilbert - Zilbert International Realty - Zilbert Realty Group - South Beach Real Estate - Realtors - Short Sales and Condos

USA - English - Inglese
France - Français
Brasil - Portuguese
Italia - Italiano
Russia - Русский

Home | Condos | Homes | Rentals | Worldwide | Our Team | Contact Us | Zilbert Store

YOU ARE HERE:  HOME > Miami > News

Down With It
Lisa Keys, New York Post

June 19, 2004 -- If you're thinking of joining Beyonce� Lenny Kravitz and all the other celebrities who have recently bought Miami pads, here's an inside tip: South Beach is so, like, totally over.
In-the-know locals are now setting their sights on a rapidly metamorphosing skyline: downtown Miami, which is starting to look less like Florida, and more like Manhattan.

A massive wave of development has seized the city, from the core of downtown (best known, until recently, for low-budget luggage shops), and extending south to Brickell Avenue (Miami's version of Wall Street), west along the Miami River and north to a burgeoning artsy scene.

Joining neighborhood vanguards like the Four Seasons (a 70-story luxury hotel and condo building, the tallest residential building south of Manhattan) and NeoLofts (Miami's first "New York-style" loft building) are a variety of residences. Many are massive mixed-used projects, like the six-acre Metropolitan Miami, and Everglades on the Bay, a two-tower condominium.

"Miami is an untapped metropolis, and it's been underutilized - until now," says Mark Zilbert with EWM Realtors.

Suzy Buckley, an editor at Ocean Drive magazine, is one of many young professionals taking a chance on downtown Miami. She recently bought, based on plans, a two-bedroom condo at One Miami, a two-tower waterfront development that is nearly sold out.

Currently, Buckley lives, works and plays in South Beach.

"Everything I do is here," she says, admitting to being slightly nervous about moving. "I'm thinking about everything that is springing up downtown, so maybe it'll be the same thing downtown as it is in South Beach.

"I got more for my money downtown," Buckley, 28, explains. "Basically, I could have afforded an amazing one-bedroom in South Beach, or a brand-new two-bedroom in downtown."

In South Beach, oceanfront properties average $1,000 per square foot, while bayfront condos are going for $600 per square feet. By contrast, pre-construction prices for waterfront properties downtown average between $350 and $450 a square foot - though "prices are accelerating rapidly," cautions Zilbert

Residents speak of big plans to turn their sleepy city center into a 24-hour community. Downtown is zoned for all-day, all-night liquor licenses. Further uptown, construction on the Performing Arts Center of Greater Miami is nearly complete.

"Within the decade, downtown Miami will have the attraction and allure of Las Vegas," predicts Zilbert, somewhat optimistically.

For today, a bird's-eye view garners nothing but construction for miles.

"When we first broke ground four years ago, there wasn't much around," says Richard Baumert, vice president of Four Seasons developer Millennium Partners. "Now, the area's exploded."

"Anybody who saw South Beach in the '80s can see what downtown Miami will become," says Lissette Calderon, who was behind NeoLofts and is now developing the 100-unit NeoVertika loft building on the river. "South Beach progressed from a sleepy older-immigrant neighborhood to the lively community it is today. Downtown is the next frontier - it's the heart of the city."

Hedge fund manager Paul Beloff is one of the locals - OK, like many Floridians, he's a New York City transplant - kick-starting that heart.

"I don't necessarily want to be where the party's at," says Beloff, 41, who recently moved into the Four Seasons and is an investor in the Pawn Shop, a lounge opening in the performing arts district this summer. "Here, it's nice and classy and upscale. In South Beach, it's not so classy - and it's touristy.

"In Miami, you can still buy property and view, and you don't have to be a millionaire to afford it. "



E-Mail:  Contact Us  |  Tel:  +1 (305) 726-0100 |  Fax:  +1 (305) 726-0101



Miami Beach Condos and Real Estate
200 Ocean
1 Hotel & Homes
1000 Venetian Way
1500 Ocean
5600 Collins
Aqua Chatham
Aqua Gorlin
Aqua Spear
Bath Club
Bel Aire Ocean
Bentley Bay - N
Bentley Bay - S
Bentley Beach
Blue Diamond
Boulan South Beach
Capri South Beach
Continuum North
Continuum South
de Soleil
Faena House
The Flamingo
The Floridian
Fontainebleau II
Fontainebleau III 
Grand Venetian
Green Diamond
Hilton Bentley
Il Villaggio
IRIS on the Bay
La Gorce Palace
Mirador North
Mirador South
Mirasol Ocean Towers
Mondrian South Beach
Murano at Portofino
Murano Grande
Ocean House South Beach
Ocean Place East
Ocean Place West 
One Ocean South Beach
Portofino Tower
Regent South Beach
Roney Palace
Ritz-Carlton Residences
S5 South of Fifth
South Pointe Towers
Sundance Lofts
Sunset Harbour North
Sunset Harbour South
Vincci South Beach
W South Beach
Yacht Club

Brown Harris Stevens | Zilbert - Zilbert International Realty - Zilbert Realty Group Logo
Zilbert International Realty
Zilbert Realty Group, Inc.
1129 5th Street
Miami Beach, FL 33139
Tel:  (305) 726-0100
Fax:  (305) 726-0101

Fisher Island
Fisher Island      

Downtown/Brickell/Midtown/Coconut Grove/Coral Gables
2 Midtown Tower
2 Midtown Mews
2 Midtown Midrise
4 Midtown Tower
1000 Museum
1010 Brickell
1100 Millecento
1800 Club
50 Biscayne
500 Brickell Tower 1
500 Brickell Tower 2
900 Biscayne Bay
Aria on the Bay
Avenue 1060 Brickell
AXIS - North
AXIS - South
Baltus House
Biscayne Beach
Brickell Flatiron
Brickell Heights
Bristol Tower
Cloisters on the Bay
Everglades on  the Bay
Four Seasons
Gables Club I
Gables Club II
Gran Paraiso
Grove at Grand Bay
Grovenor House
ICON Brickell 1
ICON Brickell 2
ICON Brickell Viceroy
The Loft Downtown
The Loft Downtown 2
Marina Blue
Marquis Miami
Met 1/Met 3
Midtown 2
My Brickell
One Miami
One Paraiso
One Thousand

Opera Tower
Paraiso Bay
Paraiso Bayviews
Paramount Bay
Paramount Miami Worldcenter
Park Grove Club Residences
(Two) Park Grove
Plaza on Brickell I
Plaza on Brickell II
Santa Maria
SLS Brickell
Ten Museum Park
Venetia Coral Gables
Villa Alhambra

North Bay Village
360 Condo West
360 Condo East
360 Marina Condo West
360 Marina Condo East
The Lexi  

Miami Beach Houses
Alison Island
Central Miami Beach
Hibiscus Island
La Gorce Island
Palm Island
South Beach
Star Island
Sunset Islands
Venetian Islands
West Miami Beach 

Aventura/Bal Harbour/Surfside/Sunny Isles/Hallandale/Hollywood/Fort Lauderdale
Apogee Beach
Atlantic One
Bal Harbour Tower
Balmoral Bal Harbour
The Beach Club I
The Beach Club II
The Beach Club III
Bellini Bal Harbour
Chateau Beach
Eighty Seven Park
Hamptons South
Harbour House
Jade Beach
Jade Ocean
Jade Signature
La Perla
Majestic Tower
Ocean III
Ocean 4
Oceania I
Oceania II
Oceania III
Oceania IV
Oceania V
One Bal Harbour
Porsche Design Tower
Porto Vita - North
Porto Vita - South
Ritz-Carlton Bal Harbour
St Regis Bal Harbour
The Palace
Trump Hollywood
Trump Palace
Trump Royale
Trump Tower I
Trump Tower II
Trump Tower III
Turnberry Ocean Club
Turnberry Ocean Colony N
Turnberry Ocean Colony S

Navigating Our Website
Miami beach real estate
Real estate listings
Miami beach news
100 Most Expensive
Buy South Beach real estate
Miami condo news
South Beach Real Estate News
100 Highest Sales
Sell Miami Real Estate
Miami Beach Cities
Investment property
Zilbert News
100 Newest Listings
100 Highest Sales
About me
Uptown Miami
First time buyer
Join Us
About Miami
Zilbert Realty Store
100 Latest Sales
Condo Super Centre
Condo Super Center
Sofi district
Lualdi Doors
Condo Hotels
Zilbert Blog
Privacy Policy