Friday, November 17, 2006

Mixed Use Project to Change the Face of Miami Real Estate

By Mary Damiano

For too long, those living in downtown Miami or in the hipper-than-ever design district have had to shlep north to Aventura or south to Kendall to enjoy the kind of big retail experience offered by inexpensive chain stores.

But thanks to a new mixed-use Miami real estate project in the midtown district, residents of downtown, Wynwood, and Edgewater will be able to shop just minutes from where they live, and bring more residents to this area, which has been enjoying a revitalization over the past few years.

The project, called Midtown Miami, covers 56 acres near North Miami Avenue just south of 1-95. It will ultimately include more than 3,000 condos, office space and entertainment outlets, as well as the Shops at Midtown Miami, featuring Target, Pottery Barn, Circuit City, Loehmann’s, Marshall’s, Ross Dress for Less, Linens ‘N Things and West Elm. In addition to the large retailers, the complex will include many specialty boutiques and shops. The only store open as of yet is Target, which opened in mid-October.

The new Miami condos will be spread over eleven towers and will draw new residents to the area, which was rundown before art galleries moved in a few years ago and began making the area trendy and hip. The idea is to create a new midtown where residents can live, work, shop and play, without having drive all over South Florida.

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