Miami Real Estate is Being Reshaped by New York Capital Chasing South Florida s Population Growth
MIAMI, FL, US, February 3, 2021 /EINPresswire.com/ New York families are not the only ones migrating to Florida in search of lower taxes, a better quality of life and year-round warm weather. Since the onset of the pandemic, a growing number of New York real estate developers have been redirecting their attention – and capital – to Miami. Some are also relocating to the Magic City. Despite COVID-driven economic uncertainty, developers are advancing plans to acquire or develop commercial properties and residential projects across South Florida.
Yair Levy is one of the New York developers making the move. Levy has begun transforming an iconic building in the heart of downtown Miami into a luxury jewelry exchange. His New York-based company, Time Century Holdings, is turning a blighted city block into the jewel of downtown Miami’s diamond and jewelry district. The $50 million reno