2014-01-21 16:39:07 - Amity Realty shares some of its observations and conversations with local politicians, businessmen, and developers on Miami’s commercial and residential gentrification.
Miami already benefits from plenty of assets that contribute to building a strong local economy such as its medical and healthcare complexes, its emerging university infrastructure, its role as a Latin and South American financial and business center, its comparable role as a center for Latin American media, its higher-end hospitality and tourism cluster; and its magnificent and accelerated urbanization.
Miami’s glamorous transformation stimulates international investment from diverse industries looking to capitalize on such urban renewal by creating more high-end developments and condominiums, upscale restaurants, exclusive boutiques and shops, commercial centers, tourism and hospitality services, and one-of-its-kind fitness centers and spas amongst other amenities that skyrocket the value of real estate of properties, and the wealth of the city as
For instance, a transformed neighborhood such as South of Fifth, which was once regarded as the most decadent area in South Florida, is today home to some of the most luxurious condominiums in Miami Beach.
All of this gentrification in the region has affected Miami in a positive way by renovating abandoned and run-down areas and transforming them into shops, restaurants and other nightlife, leisure/recreational activities that not only offer guests a sophisticated, safe and pedestrian-friendly environment, but also encourages an influx of new businesses and residents.
Although the city definitely benefits as a whole from gentrification, care must be taken so that affordable accommodation is still made available to those current residents who would otherwise become displaced because of increasing property costs.
To learn more about Miami’s latest information Real Estate developments contact Amity Realty at 786-220-2512 or by email: firstname.lastname@example.org
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