Sea on the knee: why billionaires are not afraid to buy real estate in Miami Beach - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

Sea on the knee: why billionaires are not afraid to buy property in Miami Beach

Фото: Depositphotos

Internet portal tatler.ru talks about how in recent years, despite the threat of flooding, in Miami Beach has increased the number of transactions of sale of real estate.

Miami Beach is a narrow island, and water is everywhere there. Biscayne Bay separates it from mainland Miami, east Atlantic Ocean, a narrow bay of Indian Creek cuts through the city in the middle. Every heavy rain, from June to August, floods stretching across the entire west of Alton Road and smaller streets.

Flooding in Miami Beach is a common occurrence, and people only started to worry about it in 2012. Local environmentalists, concerned about the purity of the water, filed a lawsuit against the district authorities. The lawyers, preparing the case, asked geologist Pete Harlem of Florida International University to draw a map of possible flooding. He drew it - everyone was scared. In his pictures, the green oblong strip of the island gradually, year after year, becomes more and more blue and promises to turn into an archipelago of tiny islands, the author of the article reports.

One thing that isn't clear is how does inevitable sea level rise fit in with so much real estate investment? “No way!” - explains Harold Wanless, dean of the department of geology at the University of Miami and South Florida, who specifically settled on the mainland, in the Coral Gables area.

“Developers build without thinking about tomorrow. Which for Miami Beach could easily not happen at all. We need to raise the island by at least three point two meters - in these places we all know our height above sea level,” said Wanless.

Peter Zalewski, founder of the site CraneSpotters.com, on which it is customary to search for expensive condominiums in Florida, says that the rush on real estate that ended in 2008 year contributed to the sale of more apartments than the current one.

But in terms of the amount of money, what we see now is “the largest boom in the history of the state, it is three to four times larger than any of the previous ones.” Two years ago, baseball player Alex Rodriguez sold his mansion on North Bay Road, bought six years ago for $30 million, for $7,5 million. Last summer, musician Phil Collins paid $33 million for the house that once belonged to singer Jennifer Lopez - she in 2006 -m got rid of him for only $14 million.

Three years ago, a pair of leading brokers in this booming market, Jill Eber and Jill Hertzberg (they call themselves The Jills), sold a mansion at 3 Indian Creek to an unnamed Russian buyer for $47 million.

Jill Hertzberg herself is shocked by how much people are now willing to pay for Miami real estate. Moreover, not only in the historic southern part with its art deco, but also in the center and even in the suburb of Surfside, north of Miami Beach. There, developer Nadim Ashi commissioned renowned American architect Richard Meier to renovate the 1930s gem of the Surf Club Hotel into a hotel and residential complex under the Four Seasons franchise. The first phase will be completed by the end of the year, but one of the penthouses has already sold for $35 million.

“When kidnappings and contract killings of judges and journalists began a few years ago in the capital of Colombia, Bogotá, we began to see an increase in the flow of Colombian buyers,” Herzberg explains to me. Then, without comment, she adds that now the main flow of clients comes to her from Argentina.

In all these years, only one customer of The Jills has asked them about rising water levels. I listened to the answer and did not refuse the purchase.

“I would not like to sin on my clients. These are very developed, sophisticated people who have seen a lot in life. They just believe that the state of Florida will somehow be able to solve all the problems with nature,” she says.

Architect Alan Shulman is generally pleased with the problem. He says that the rising sea is just a new chapter in the epic of Miami Beach, and the meaning of human genius is to overcome.

“This city has such an economy: it always alternated between booms and busts, each of which seemed like the end of the world. But each time the city was reborn. Therefore, we must think about how to adapt it to new realities. Miami Beach is worth it,” Shulman said.

See also:

Property growth in Miami will be 15% over the next five years

Which apartments can be rented in Miami for $ 1500. A PHOTO

10 cities where real estate prices will soar in 2016 year

How to rent cheap housing in New York

What real estate can be bought in America for a million

Top-10 states with the highest real estate tax

The cheapest and most expensive homes in the US

Go to the page ForumDaily on Facebook to keep abreast of the latest news and comment material.

 

In the U.S. flood billionaires Miami Beach real estate in the USA buying a home in the US
Subscribe to ForumDaily on Google News


 
1060 requests in 1,075 seconds.