The roads are up, the cranes are stretching into the sky and scaffolding covers buildings all around the area heading out of Downtown Miami on Biscayne Boulevard. Enjoying wonderful views across Biscayne Bay across to Miami Beach and the Atlantic Ocean beyond, the Biscayne Corridor is becoming hot stuff as far as property is concerned.
A $726m project has been approved to develop the area around Omni station at 1700 Biscayne Boulevard. Recently reported in The Miami Herald, the project includes 672 residential apartments, 505 hotel rooms and commercial and retail space. Construction is due to start next year and be complete by 2015.
Almost right next door at 1777 Biscayne Boulevard, 98% of the commercial development 18 Biscayne has now been let, according to the Herald. The brand new development included a 49,200 sq ft Publix grocery store and multiple retail units.
The Omni centre is the locus for proposed infrastructure developments also. Plans are currently being considered to develop a trolley car or a light rail service from the area, to supplement the existing Metromover and local bus services that already serve the area.
If you are interested in finding out more about what’s going on at Biscayne Boulevard and for some great property deals, why not contact Kelly!
www.BritishMiamiRealtor.com
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