Sunday, January 4, 2015

Design District Miami

Over the past couple of years, the Design District in Miami has become a true hot spot of the tropical metro area.  High end restaurants like Hermes, Armani and Cartier have opened retail locations here.  Restaurants are abundant.  Rundown warehouses have been converted into galleries, retail, restaurants and more.  It is such a cool area to visit and live.  Bordered by 36th and 42nd Streets on the north and south and Federal Highway and Miami Avenue on the east and west, the Design District is one of the newer neighborhoods in Miami that people are gravitating to live. 

Business in the Design District
In addition to high-end retail, the Design District is a hub for – you guessed it – design.  Here you can completely outfit a new residence from some of the most unique furniture at retailers like Baltus, Boffi and others as well as designer showrooms with room ideas, furniture, fixtures, lighting and so much more.  It is amazing and so easy to spend a day, or two, or even three going from showroom to showroom and store to store meandering about in total amazement at some of the most beautiful interior design ideas and offerings on the market.

There are tons of restaurants throughout the Design District.  Dining in the Design District is kind of like traveling the world to eat different foods in various countries from Italian café delacies and pastries at Mercato to perfectly prepared seafood with an Aegean twist at Mandolin Aegean Bistro to good old American fares at Michael’s Genuine Food and Drink. 

Design District Real Estate
Design District real estate is mainly commercial; however, there is plenty in surrounding Miami neighborhoods Wynwood, Midtown Miami and Edgewater as well as those north of the Design District (and just south of Little Haiti) are the neighborhoods like Buena Vista and Brentwood with homes built in the early to mid-1900s.  These home feature lots of character in their design and finishes and offer lots of opportunity for investing in real estate that shows lots of promise and opportunity for quick equity.  Some need tons of work and others simply need some TLC but one thing is for sure – these properties are oh so close to the Design District and have the potential of welcoming its look and style.  There are tons of opportunities to invest in residential real estate in neighborhoods surrounding the Design District that are priced up to about $800K depending on their proximity to this neighborhood and other popular Miami neighborhoods.  Most of these properties are mid-sized homes with square footage ranging between 1,000 and 2,500 square feet. 

As for condominiums, Baltus House is a new condominium in the Design District that should be completed early this year. Baltus House is a boutique 
condominium with only 167 units on 15 floors of which over half water views. 
Each residence features high-end fixtures and finishes highlight the living areas.  The large kitchens feature European cabinetry, stainless steel appliances and tons of counter space – exactly what you expect in the Design District.  Additionally, there are tons of community amenities including a large reflective pool on the seventh floor overlooking Biscayne Bay, fully-equipped fitness center, spa, and more.  Currently, two-bedroom residences are listed for sale with prices ranging within the $500s.

More Appealing

The Design District is definitely a neighborhood on the upswing.  There is a definite vibe that gives it an appeal that is different from any other neighborhood.  The surrounding real estate opportunities that allow home owners to walk into their purchase with equity make the Design District and the neighborhoods within walking distance more appealing.    

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