Haute Residence hosted "Living Lavish – The New Downtown Miami," a real estate webinar on luxury real estate and what it takes to sell Downtown Miami, with a panel of experts in the South Florida area. This is the latest in Haute Residence's extensive and industry-leading streak of webinars focused on luxury real estate, development, and interior design.
The all-start panel was hosted by Haute Living's April Donelson. They were:
- Louis Birdman, Co-Developer of One Thousand Museum Residences by Zaha Hadid Architects and CEO of BRD/Birdman Real Estate Development, LLC
- Daniel de la Vega, President, ONE Sotheby’s International Realty
- Karen Elmir, CEO of The Elmir Group under ONE Sotheby’s International Realty
- Harvey Daniels, VP of Development Sales, ONE Sotheby’s International Realty
An indisputable thread that emerged in the dialogue was continual praise from his fellow panelists towards Birdman's work at One Thousand Museum,the unmistakeable skyscraper designed by the late Zaha Hadid that houses 84 residences on Biscayne Boulevard. Recent buyers at One Thousand Museum include David Beckham and Paul Pogba.
Watch the webinar below.
Highlight quotes:
Louis Birdman: "There are many reasons why people move to a place like Miami or South Florida. When everything seems to get bad in other parts of the country or the world, we get a lot of people coming here... Since One Thousand Museum began, we saw price skyrocket in Miami Beach for a number of years, and then there was a slowdown, a drive for people to look off the Beach and into neighborhoods on the bay side of the water. This was a coveted site and we thought it was a good opportunity to do something that would be the top of the luxury market and to do it Downtown. We are once again seeing people from the U.S. look to South Florida, and a lot of interest in the Downtown Miami area... Miami has been a place where the rich and famous in sports and entertainment came to have fun, but now they have invested here and done well. It's something that we will see more of, hopefully... The legacy of One Thousand Museum continues to be about Zaha."
Daniel de la Vega: "Awareness in the progressiveness of the way we are changing the way we are doing business, and creativity; we have all progressed and become more creative in our business... When you look at Downtown Miami, the Arts and Entertainment district within it is robust with the walkability, museums, parks, and a growing population. This small area is booming and thriving... The people buying in Downtown Miami understand value, not only today but five years from now. One Thousand Museum is the crown jewel... I'm very bullish on the future of Downtown Miami and South Florida as a whole. Things are going to take a little bit of time but they'll be more robust than ever... You have to go see One Thousand Museum for yourself. It is now more successful than other buildings because the developers did such a remarkable job in finishing the building and the units."
Karen Elmir: "Most people are looking for buildings with less units and bigger residences; they can have a whole floor. That has been a big shift in our luxury market... The luxury rental market is doing extremely well. In Biscayne Beach, we rented a 2,700 sq. ft. unit for $11,000 for a CEO from New York. There is a lot of demand for rent. Clients are looking for larger units and paying top dollar for it... People are taking the opportunity to get good deals. I do see luxury buyers doing all-cash deals. Downtown Miami and Edgewater is the upcoming area. It's not as dense as maybe Brickell. You can buy for less dollar per square foot in the area. I would say it's the hottest area. You are minutes away from the Design District, the airport, the beach, the arts district center, which contributes to that... Downtown Miami is vibrant and full of life."
Harvey Daniels: "Even after COVID, I will continue to use the tools I've learned and the resources I've been able to utilize and become an expert at using. There's always a silver lining... [On his sale of a full-floor One Thousand Museum residence to the Inter Miami FC and football legend] David Beckham, like any of our buyers, can buy wherever he wants. We are in the center of the cultural area of the city, it's a private and secure building. This building was really built of that celebrity status where they have complete privacy... If you look at the cycles and areas as whole, the Downtown market is in its infancy stage. I see very good things for the market in the future. A lot of that is not just because of One Thousand Museum but everything going on around it.... High profile buyers are comfortable putting their money into a building like One Thousand Museum because they are foreseeing the future as really great. The building is legendary, and it will maintain that reputation."
Register for our upcoming webinar:
Tuesday, August 25th at 4PM EST/ 1PM PST
Haute Development and the Post-COVID Era: How Metropica will redefine multi-use communities of the future. REGISTER.
To watch more webinars by Haute Residence, visit dev.hauteresidence.com.
Top: Louis Birdman, Daniel de la Vega. Bottom: Harvey Daniels, Karen Elmir
