Downtown Miami, Wynwood, Design District, Surfside and North Beach among hot spots.
A panel of real estate professionals said the next hot spots for Miami-area real estate development include not only beachfront communities but also urban locations in or near downtown Miami.
“The area that I am the most excited about in the future is Wynwood and the [Miami] Design District,” said Louis Birdman, principal of Birdman Real Estate Development, one of five panelists who spoke Thursday at a packed luncheon event presented by the Miami Beach Chamber of Commerce and the Miami Association of Realtors.
Citing the dwindling amount of beachfront property to develop, Birdman said inland development will become more prevalent: “As developers, we have to look at what we can do to pull people away from the beach.”
“The hottest market by far is the downtown [Miami] area,” said panelist Harvey Hernandez, founder, chairman and CEO of Newgard Development Group, citing a broad transition there “to a truly mixed-use lifestyle.”
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