Featured image

Why Buy a Condo in Downtown Miami ?

Downtown has been known as the true nerve center of Miami since the early 2000s. At the time, the old business district was rehabilitated and new buildings with ultra-modern architecture began to appear. While ostentation and everything related to the world of finance certainly leave their mark on Downtown Miami, the neighborhood has preserved a few natural cocoons, such as the farmers’ markets and parks where high-rise buildings, employees, and residents alike enjoy escaping from the constant bustle of the business district.

By Maryline Lacorre 10 Nov 2020

Downtown Miami:  One of the World’s Most Famous Business Districts

Originally, Downtown was only home to banks and retail spaces.  The 2000s were a turning point for the neighborhood when a growing number of luxury residential buildings were constructed while, around the same time, a few iconic buildings began to be restored.  Revitalized, Downtown Miami started diversifying its offers, attracting more and more investors and becoming the third largest business district in the U.S.   Downtown Miami combines business and conviviality. This makes the move easier for foreign investors looking for luxury condos for sale and who look forward to enjoying everything that the neighborhood has to offer.

From walking around Bayside Marketplace, an outdoor mall located right on the water; to trendy restaurants (Zuma, Il Gabbiano, ...); to visiting contemporary art exhibits at the Perez Art Museum Miami; and enjoying a Miami Heat basketball game at the American Airlines Arena, leisure options satisfy tourists, residents and professionals all day and all night.  Museum Park and Bayfront Park bring some sweetness and tranquility to the heart of Downtown.

The Booming Luxury Condo Market

According to the Q2 Market report of 2020, despite the pandemic, the price trend indicators mainly moved higher year after year (+ 5% compared to last year). Moreover, the number of condos listed fell each year (- 11.1%).  This proves that the demand for condos in Downtown Miami is rising, but buyers shouldn't worry.  A good deal is possible as the listing discount for the Q2 was about 7.5%.  Even with less condos listed, the construction of new developments is in progress and will satisfy the demand.

Where to Buy

- One Thousand Museum:  One Thousand Museum designed by Zaha Hadid is a limited collection of museum-quality residences including duplex townhomes, half-floor residences, full-floor penthouses, and a single duplex penthouse.  This prestigious residential tower appears as a continuous piece of contemporary sculpture.  With stunning Biscayne Bay views, One Thousand Museum offers luxury amenities in the center of Miami.

- Paramount World Center:  Located in the epicenter of Downtown, the Paramount World Center is a luxury condo tower offering numerous exclusive amenities.  At walking distance to Bayside Market, the Adrienne Arsht Center and the American Airline Arena, the tower rises at 738 feet (225 m) offering views of the Miami Skyline and the bay, and access to many of Miami’s most popular attractions.

- Aston Martin Residences:  This masterpiece will be ready in 2022.  The new project from the famous automotive brand will offer the most luxurious amenities in all of Miami with an infinity pool, private marina and 4-level sky gym.  Only the best appliances have been chosen for the residences, providing truly luxurious living.   The floor to ceiling windows throughout each unit frame amazing views of the bay and city.

Inside Aston Martin Residences

Inside Aston Martin Residences

Most recent articles

Subscribe to the newsletter now