Latest news with #CarlJuste
Miami Herald
13-06-2025
- Business
- Miami Herald
How rising costs are reshaping South Florida's real estate market
Real Estate News How rising costs are reshaping South Florida's real estate market This collection of stories explores how rising costs impact South Florida's real estate market, highlighting shifts in affordability and pricing that drive decisions for condos, homes and rentals in 2025. In Hollywood, new luxury apartment buildings continue to emerge, posing affordability challenges despite the development boom in the downtown area. Meanwhile, in Miami, residents grapple with soaring rent costs, making it one of the most rent-burdened metro areas in America. Development plans on Florida's Gulf Coast involve transforming a former mall site into affordable apartments as a response to housing demands. Read the stories below. Soleste Hollywood Blvd at 2001 Hollywood Blvd is pictured hovering among existing buildings on Sunday, Sept. 15, 2024, in Hollywood, Florida, as the city shores up its housing needs with development in its downtown area in an attempt to address the city's affordable housing needs. By Carl Juste NO. 1: EVEN AS HOLLYWOOD BUILDS MORE APARTMENTS DOWNTOWN, AFFORDABILITY REMAINS A CONCERN A look at what is coming and why it might not be enough to ease housing pressure | Published October 5, 2024 | Read Full Story by rhabersham@ Habersham Stephania Germain, 24, who is on a Section 8 housing voucher, poses inside her apartment that she lives in with her daughter on Thursday, Oct. 3, 2024, in Miami. Germain was raised in foster care and is doing the best she can for herself and her baby. She says that even with the voucher, with recent increases it makes paying rent tough. 'It just keeps going up and I don't get a break to save, and I need new baby clothes, ya know they grow out of them so fast,' said Germain. By Alie Skowronski NO. 2: MIAMIANS ARE THE MOST RENT-BURDENED PEOPLE IN AMERICA — AND THEY'RE STRESSED ABOUT IT New Census Bureau data shows that Miamians spend a larger chunk of their incomes on housing than residents in all other major American cities. | Published October 8, 2024 | Read Full Story by Max Klaver File photo of houses in Miramar, where all homeowners take their homestead exemption tax break. NO. 3: DO YOU OWN A ZOMBIE HOUSE? A VACANT HOME COULD COST YOU, AND YOU MIGHT NOT EVEN KNOW What to know about the real estate situation. | Published November 12, 2024 | Read Full Story by Lew Sichelman An affordable housing apartment complex is planned for the DeSoto Square Mall property where currently storm debris is being processed. By Tiffany Tompkins NO. 4: WANT TO LIVE WHERE A MALL USED TO BE? AFFORDABLE APARTMENTS COMING TO THIS FLORIDA AREA Check out what's planned. | Published January 22, 2025 | Read Full Story by Jason Dill The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Miami Herald
04-06-2025
- Business
- Miami Herald
Miami airport is adding new flights and a new place to hang out while waiting
South Florida Miami airport is adding new flights and a new place to hang out while waiting Miami International Airport is seeing new changes for travelers this year. Arajet now offers nonstop flights from Miami to Dominican Republic cities such as Punta Cana and Santo Domingo on new Boeing 737 Max 8 jets. American Airlines and JetBlue also add new routes, connecting travelers to places like La Romana and Guayaquil. For comfort while waiting, Avianca has opened a renovated lounge in Concourse J with food, Wi-Fi, and workspaces. Take a look at the offerings for travelers going through Miami and Fort Lauderdale. Arajet 737-8 takes off, June 10, 2024 NO. 1: LOW-COST AIRLINE ADDS A NEW ROUTE FROM MIAMI TO DOMINICAN REPUBLIC. HERE ARE DETAILS What to know about the new service, when it starts, what it costs. | Published February 10, 2025 | Read Full Story by Vinod Sreeharsha Avianca opens a new lounge at the J Terminal in Miami, Florida. The lounge features a playroom, business center, food bar, and large windows, aimed at enhancing the travel experience for passengers at Miami International Airport. By Carl Juste NO. 2: COLOMBIAN AIRLINE AVIANCA OPENS NEW LOUNGE AT MIAMI AIRPORT. TAKE A LOOK Come learn details and see images of new lounge at MIA | Published March 19, 2025 | Read Full Story by Vinod Sreeharsha JetBlue planes wait at the gate at Fort Lauderdale-Hollywood International Airport in 2020. By Mark Konezny NO. 3: JETBLUE JUST ADDED 2 ROUTES AT FLL FOR YOUR SUMMER TRAVEL. SEE FLIGHT DETAILS The details on where and when. | Published April 11, 2025 | Read Full Story by Vinod Sreeharsha The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Miami Herald
22-05-2025
- Business
- Miami Herald
How South Florida is answering the affordable housing crisis
South Florida How South Florida is answering the affordable housing crisis South Florida faces a stubborn affordability gap as new high-end apartment complexes like Soleste Hollywood Blvd and the redeveloped Hollywood Bread Building rise across the region. While projects such as University Station in Hollywood and the mixed-used towers planned in Miami's Health District aim to add affordable and workforce units, demand still far outpaces supply, with many renters spending over 30% of their income on housing. Community efforts, like PACT's fight for eviction diversion programs in Miami-Dade and the redevelopment of Liberty Square, show that advocates are pushing for more comprehensive solutions and protections for vulnerable tenants. Take a look at what's happening. Soleste Hollywood Blvd at 2001 Hollywood Blvd is pictured hovering among existing buildings on Sunday, Sept. 15, 2024, in Hollywood, Florida, as the city shores up its housing needs with development in its downtown area in an attempt to address the city's affordable housing needs. By Carl Juste NO. 1: EVEN AS HOLLYWOOD BUILDS MORE APARTMENTS DOWNTOWN, AFFORDABILITY REMAINS A CONCERN A look at what is coming and why it might not be enough to ease housing pressure | Published October 5, 2024 | Read Full Story by rhabersham@ Habersham An aerial view of Jackson Medical Towers, at 1500 NW 12th Avenue in Miami, Florida on Jan. 2, 2025. The Public Health Trust of Jackson Health System has approved a deal with Related Urban to demolish two existing towers, known as Jackson Medical Towers, and construct affordable workforce housing and an extended stay hotel. NO. 2: CAN THESE TOWERS HELP AN AFFORDABLE HOUSING CRISIS IN MIAMI? TAKE A LOOK AT THE PLANS The complex includes hundreds of rentals and a hotel. | Published January 10, 2025 | Read Full Story by Michelle Marchante Rebecca San Juan Attendees listen to Mayor Daniella Levine Cava make a pledge to the community during the PACT Nehemiah Action Assembly on Monday, April 7, 2025, at Sweet Home Missionary Baptist Church in Cutler Bay, Fla. By Alie Skowronski NO. 3: 'RENT IS TOO DAMN HIGH.' INTERFAITH GROUP DEMANDS ACTION FROM MIAMI-DADE LEADERS One of Miami-Dade's most politically engaged interfaith groups held their annual assembly to press elected leaders to make housing more affordable and reducing evictions in Miami-Dade County. | Published April 9, 2025 | Read Full Story by Lauren Costantino Condos line the Intracoastal Waterway in Sunny Isles Beach. By MATIAS J. OCNER NO. 4: HOW TO FIND IF YOUR FLORIDA CONDO IS ON SECRET BLACKLIST BLOCKING MORTGAGE LOANS Fannie Mae, a federally chartered company that helps determine who qualifies for home mortgages, maintains a confidential database of condo buildings that it won't back for loans, typically because of maintenance, insurance or financial number of South Florida condos on the list has more than doubled since 2023, according to figures complied by a law firm that obtained the database from a source. | Published April 4, 2025 | Read Full Story by Andres Viglucci Minnie Davis, 74, expresses her delight in having a larger stove for Thanksgiving dinner since moving into her one-bedroom apartment at Serenity of Liberty Square. Serenity of Liberty Square hosted a ribbon-cutting ceremony to mark the opening of phase four in a nine-phase redevelopment project that replaced the old Liberty Square pubic housing. By Carl Juste NO. 5: THE LATEST PHASE OF THE NEWLY REDEVELOPED LIBERTY SQUARE IS MOVE-IN READY Families at old Liberty Square move into new Miami apartment complex | Published April 10, 2025 | Read Full Story by Raisa Habersham The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Miami Herald
13-05-2025
- Business
- Miami Herald
See these five housing makeovers in South Florida
Real Estate News See these five housing makeovers in South Florida South Florida's housing landscape is rapidly evolving, with several ambitious makeovers aiming to address affordability and urban growth. In Miami's Health District, plans for two new residential towers will prioritize affordable and workforce housing for healthcare employees, helping ease the burden of living near vital jobs. Hollywood's downtown sees a mix of luxury projects like Soleste Hollywood Blvd and the redevelopment of the Hollywood Bread Building, while efforts like University Station try to bridge the residential income gap. Fort Lauderdale's The Era targets local workers, offering upscale amenities at lower rents thanks to city-county partnerships and incentives. In Miami's Little River-Little Haiti, an enlarged $3 billion redevelopment promises thousands of affordable and workforce condos and rental units, improved infrastructure, and careful relocation plans for current residents, reshaping the neighborhood with jobs and transit access. Soleste Hollywood Blvd at 2001 Hollywood Blvd is pictured hovering among existing buildings on Sunday, Sept. 15, 2024, in Hollywood, Florida, as the city shores up its housing needs with development in its downtown area in an attempt to address the city's affordable housing needs. By Carl Juste NO. 1: EVEN AS HOLLYWOOD BUILDS MORE APARTMENTS DOWNTOWN, AFFORDABILITY REMAINS A CONCERN A look at what is coming and why it might not be enough to ease housing pressure | Published October 4, 2024 | Read Full Story by Raisa Habersham View from Red Road side of the 25 year old Shops at Sunset Place in South Miami on Sept. 11, 2024. By Pedro Portal NO. 2: SUNSET PLACE MALL WILL BE DEMOLISHED AND REPLACED. TAKE A LOOK AT WHAT'S COMING NEXT Work on the site is expected to begin in 2026. | Published October 29, 2024 | Read Full Story by Rebecca San Juan An aerial view of Jackson Medical Towers, at 1500 NW 12th Avenue in Miami, Florida on Jan. 2, 2025. The Public Health Trust of Jackson Health System has approved a deal with Related Urban to demolish two existing towers, known as Jackson Medical Towers, and construct affordable workforce housing and an extended stay hotel. By AL DIAZ NO. 3: CAN THESE TOWERS HELP AN AFFORDABLE HOUSING CRISIS IN MIAMI? TAKE A LOOK AT THE PLANS The complex includes hundreds of rentals and a hotel. | Published January 10, 2025 | Read Full Story by Michelle Marchante Rebecca San Juan Renderings from the Swerdlow Group show a Main Street-style commercial and residential district and the entrance to a new Tri-Rail commuter station that would be built under a massive proposal that aims to transform a broad swath of Miami's Little River-Little Haiti neighborhood. NO. 4: NOW WITH MORE AFFORDABLE HOUSING, MASSIVE MAKEOVER PLAN FOR LITTLE RIVER WINS APPROVAL 'Everyone for 20 blocks in every direction is going to gain a lot from this. It's going to be very good for everybody,' the developer says. | Published March 28, 2025 | Read Full Story by Andres Viglucci The Era, Affiliated Development's latest project, is currently under construction in Fort Lauderdale. The apartment building is meant to help address the area's lack of affordable workforce housing. NO. 5: NEW FORT LAUDERDALE APARTMENT WILL OFFER 'LUXURY' AFFORDABLE HOUSING TO CITY'S WORKFORCE The ongoing development efforts come as an affordable housing crisis continues embroiling South Florida, where residents are the most rent-burdened people in the country. | Published March 25, 2025 | Read Full Story by Amanda Rosa The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
Miami Herald
09-05-2025
- Business
- Miami Herald
Why is it so hard to afford a home in South Florida? See the challenges
South Florida Why is it so hard to afford a home in South Florida? See the challenges South Florida's housing market remains tough for many residents, despite new developments like Soleste Hollywood Blvd and renovations of iconic sites such as the Hollywood Bread Building. Although rents have started to drop in areas like Miami, the income needed to afford even basic apartments far exceeds what most people earn — with a nearly $38,000 gap between the income required and typical renter earnings. Programs from local banks, such as OneUnited's forgivable down payment loans, aim to bridge the ownership equity gap but only help eligible first-time buyers. Living wage requirements are climbing, with singles and families alike needing much more income each year just to cover essential costs in Miami-Dade. Affordable options like University Station and Sawyer's Walk are emerging, yet high-end developments dominate, highlighting the mismatch between new supply and the growing demand for reasonable housing. Soleste Hollywood Blvd at 2001 Hollywood Blvd is pictured hovering among existing buildings on Sunday, Sept. 15, 2024, in Hollywood, Florida, as the city shores up its housing needs with development in its downtown area in an attempt to address the city's affordable housing needs. By Carl Juste NO. 1: EVEN AS HOLLYWOOD BUILDS MORE APARTMENTS DOWNTOWN, AFFORDABILITY REMAINS A CONCERN A look at what is coming and why it might not be enough to ease housing pressure | Published October 4, 2024 | Read Full Story by Raisa Habersham OneUnited Bank in West Little River is working with first-time homebuyers to make homeownership a reality. By MATIAS J. OCNER NO. 2: SAVING FOR A DOWN PAYMENT IN MIAMI? A BLACK-OWNED BANK IS OFFERING FORGIVABLE LOANS A new program offered by the Black-owned OneUnited Bank is offering certain first-time homeowners in Miami forgivable loans of up to $50,000. | Published January 27, 2025 | Read Full Story by Michael Butler A view of a resurgent Northeast Second Avenue in the heart of Miami's Overtown neighborhood in April 2021, with the Plaza at the Lyric apartments at left and a Red Rooster restaurant in the background at right. By Pedro Portal NO. 3: RENTERS ARE PAYING LESS FOR APARTMENTS IN MIAMI, BUT THERE ARE ISSUES. SEE THE COSTS Here's a look at housing costs and ways to navigate the crisis. | Published March 14, 2025 | Read Full Story by Howard Cohen Marina C., 30, lives in a one-bedroom apartment in South Miami-Dade with her husband and four children. They struggle with high rent and low wages, leaving them with limited funds for essentials like furniture, a larger apartment, baby items, clothing, food and a computer for their children. Marina reflects on seeking a better life while caring for her two-month-old son, Anthony J., on Dec. 18, 2024, in a Miami Herald Wish Book story. By Carl Juste NO. 4: HOW MUCH DOES YOUR LIVING WAGE NEED TO BE TO MAKE IT IN MIAMI? HINT: IT'S GOING UP Here are 2025 Living Wage figures for Miami-Dade and Florida. | Published March 24, 2025 | Read Full Story by Howard Cohen The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories listed were reported, written and edited by McClatchy journalists.
