Jack Cayre, principal at Midtown Equities and a founder of Core, and Midtown Miami

From the South Florida website: Not too long ago, the area just west of Biscayne Boulevard and NW 36th Street was an empty rail yard. Now, Midtown Miami’s three residential complexes have reached nearly 100 percent occupancy, and might be the culinary center of Miami. The still-expanding mixed-use development is the brainchild of New York-based Midtown Equities, led by the Cayre family. Midtown was developed by Cayre along with his father, <a href=”http://therealdeal.com/newyork/articles/the-closing-joseph-cayre”>Joseph Cayre</a>, and his brothers. The project’s current phase was completed in 2007, and it has become one of Miami’s most vibrant neighborhoods. The Real Deal talked to Cayre about expansion plans for Midtown, the “Soho south” moniker and the Cayres’ New York brokerage, Core. [more]

Developer Michael Samuel doesn’t hesitate to say he likes building in
Miami better than other cities. Before coming to South Florida,
Samuel’s portfolio included projects in New York City, San Francisco
and Baltimore.
“I like building in Miami better because there are more opportunities
and it’s ahead of the rest of the country in design,” he said. “As a
developer in New York City, you’re very limited in what you can build
and every time you went for a project, before this crisis, there were a
hundred people behind you.”
Samuel, principal of Miami-based Samuel & Co., which built the $2.3
billion Midtown Miami mixed-use project along with New York-based real
estate investment firm Midtown Equities of New York, got his start in
Brooklyn, where he grew up, collecting rent payments from tenants at
properties his father owned. He went into construction, then property
management, investment and consulting. Development was the next logical
step, he said. Comments

• Tweet