Miami’s Creative Real Estate Plans

by Isaac Benmergui, Esq on February 9, 2012

Miami’s Chamber of Commerce hasn’t seen anything like the since the Jetsons’ cartoons: high-rise condos with car elevators that bring your car up to your residence. You can literally park next to the living room. Artwork planted throughout a shopping center and retailers with parking garage spaces right next to their door are some of the more innovative designs developers now present for approval in Miami.

One local developer is even getting assistance with his design from German-based Porsche Design Group for a glass-walled car showroom next to the high-rise condo unit. Providing a parking space so close to the resident’s unit enables the developer to charge for the space, rather than simply providing free space in a parking garage. Of course, the cost of such service in such an ultra-modern and high-tech building is in the several millions of dollars, and developers plan to ask prospective residents for more than 80% of the sale price upfront.

Negotiating lease terms and high-end real estate closings need an experienced real estate attorney. The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email for more information or to set up an appointment today.

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