Brickell City Center’s Luxury Shopping
When completed, Brickell City Centre will have two condominium towers, two Class A office buildings, a hotel and a a 500,000-square-foot, open-air shopping center. Luxury stores will be located on the first floor, with premium and contemporary retailers on the second and third floors. The shopping component, anchored by a three-floor Saks Fifth Avenue.
Subprime Mortgage Loans Show Steady Growth
Subprime borrowers are consumers with a credit score of 620 or below. According to data from Equifax National Consumer Credit Trends Report, first mortgage originations for subprime borrowers showed steady growth in the first three quarters of 2015.
TOD Project Signals Progress for Miami
Transit Oriented Development (TOD) projects aim to increase use of public transportation and reduce automobile dependency. Based on its proximity to Miami-Dade Metrorail system’s Coconut Grove Station, The Grove Station Tower, at 2700 SW 27th Avenue, in Miami, is a TOD project. Studies indicate that walkable urban places are poised to become the most important cities of the future, which means that projects like this signal progress for Miami.