Transforming Miami: From Warehouse District to Luxury Destination
March 27, 2024
In this week’s Above the Line, we spotlight the remarkable transformation of Miami's once-abandoned warehouse district into a luxury retail and cultural hotspot. The district now boasts flagship stores from the world's most prestigious luxury brands, becoming a prime example of urban revitalization.
Let's dig in.
The Miami Miracle: Luxury and Culture in the Design District
The Wall Street Journal
Discover how the collaboration between Craig Robins and Bernard Arnault transformed Miami's Design District into a global luxury and cultural destination, contributing to Miami's evolution into a vibrant urban center.
Industrial Real Estate’s Resilient Expansion
Commercial Observer
Despite a slowdown in warehouse demand post-COVID, major operators like Prologis and Blackstone's Link Logistics continue to add space, planning for a future where e-commerce drives sustained industrial demand.
NYC's Property Tax Inequity Dilemma
Bloomberg Tax
A landmark legal challenge may prompt New York City to address longstanding disparities in its property tax system, with significant implications for residential and commercial markets alike.