The Real Deal Miami

Edgewater, Brickell leading South Florida growth

The number of residential units in those markets expected to grow dramatically, study says

July 31, 2014 04:30PM

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Brickell and Edgewater

Brickell and Edgewater

Across South Florida, Edgewater and Brickell are experiencing the greatest growth in residential units.

Edgewater, Brickell, the Central Business District, Arts and Entertainment, Midtown and Wynwood were all identified as the fastest growing submarkets by the Miami Downtown Development Authority’s Greater Downtown Miami Residential Real Estate Market Study, according to Miami Today.

Across those six submarkets, nearly 14,500 residential units are in the conceptual and planning phase, according to the report.

Edgewater is expected to grow by 67 percent, Brickell by 27 percent — making them the fastest growing markets in South Florida.

“It’s kind of miraculous to have such a beautiful area of waterfront property that was so untouched in a city as beautiful as Miami,” said Alicia Cervera Lamadrid of Cervera Real Estate. The focus on Edgewater and East Edgewater in particular is logical, considering that waterfront property has long been snapped up and developed in other locations.” [Miami Today]Christopher Cameron

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