June 6, 2013
The Design District, located in the urban center of the Miami Metropolitan Area, was once a declining warehouse district subject to years of neglect and decay. Since the turn of the century, however, it’s risen to become one of the hottest real estate markets in all of Miami-Dade County. Every year, this revitalized hub of culture and urban living continues to grow in prominence and style.
Just this past week, real estate news Curbed Miami reported that yet another derelict building would be given new life as chic design structure:
What is the intriguing but long-shuttered Power Studios building in the Design District? It was a hopping club in the 90s owned by a guy named Ross Power that was a big, big deal, but finally closed shop and was put up for sale by 2006, making it a bit of a mystery to… well, fine, to your Editor and probably lots of other young people.
So there. Anyways, after a long, uneventful time on the market, local developer Lyle Chariff has finally picked the place up, but doesn’t plan to bring it back to its glory years. He’s brought in local architecture firm Touzet Studio – designers of the much lauded Gap building on Lincoln Road – to design “a world-class, award-winning design building” for the spot. Fresh.
The trend is clear: Design District Real Estate is booming with little sign of slowing down. With its strategic central location, steady influx of young professionals, and ample available real estate properties, few other Miami communities offer so much opportunity for growth and development.
To learn more about this rewarding market and other Miami Properties, call local industry leader Metro 1 Properties at 305-571-9991.