Industry leaders Miki Naftali and Peggy Olin explain why the Downtown Miami neighborhood is seeing more than $15 billion poured into residential and hospitality projects.
Its skyline is recognizably dreamy and serene, but efforts to rejuvenate the Downtown Miami neighborhood have fallen flat – until now. "For those that maybe think that Miami is slowing down after the hype of COVID, I think that the message is loud and clear: Miami is vibrant, the city matured to a point of no return," Naftali Group Chairman and CEO Miki Naftali told FOX News Digital in an exclusive interview.
On Tuesday afternoon, Naftali’s firm will formally announce their entry into Downtown Miami’s market with the JEM Private Residences in Miami Worldcenter, the city’s first pedestrian-only neighborhood. Additionally, Naftali has acquired 3 million square feet of property in South Florida, totaling a worth of $1.1 billion.
The last five years have been a monumental change for this area, not only because you have the biggest names in real estate that have acquired property within the radius of Downtown Miami, but also you have the transportation that adds a tremendous amount of convenience for some of the folks that are looking to either have their offices here or reside here," Olin explained.
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