Fasano Residences + Hotel Miami Beach
MIAMI—Despite the condo correction and talk of overheating, foreign investors are still flocking to South Florida's commercial real estate market. Luxury properties remain on the radar screen of both domestic and international investors.
Douglas Elliman is seeing plenty of action on this front, especially on Miami Beach. The firm's brokers are actively selling condos at 1 Hotel & Homes South Beach, Fasano Residences & Hotel Miami Beach, Faena House, The Residence at Faena Hotel and The Residences at the Miami Beach Edition. Those are just a few of the high-end condos seeing plenty of activity.
“The demand for hotel-branded residential product is at an all-time high,” Philip Gutman, vice president of sales for Douglas Elliman's Development Marketing Division, tells GlobeSt.com. “Whether investors or end users, our buyers at Fasano Residences + Hotel Miami Beach and The Ritz-Carlton Residences Miami Beach have expressed great confidence in their purchases, knowing these world-renowned brands will go to painstaking extremes to convey and protect their carefully curated brands with quality construction, design, services and amenities.”
Investors looking for a safe haven for capital or second home buyers that want high-end living are not daunted by the prices or the stage in this cycle. Miami Beach's luxury real estate is still more affordable than many major markets and Florida is a strong bet going forward. But it's not just about the real estate itself.
“It's no longer simply about an attractive or shiny finished product with all the bells and whistles—these discerning buyers seek an emotional and intellectual connection,” Gutman says. “Fasano, Brazil's leading hotelier, for example, will deliver a unique brand experience focused on its signature understated elegance beloved by its ultra-high-net-worth—and very private—clientele. The three-acre property will represent the best of Miami hospitality and gastronomy in an energizing context all underscored by discretion.”
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