RCRS Announces Positive Trend in Closings of Downtown Miami Buildings

The latest figures from Related Cervera Realty Services (RCRS) show that its projects in Downtown Miami (50 Biscayne, Loft 2, The Plaza on Brickell and 500 Brickell) have been steadily and consistently closing since the beginning of the year. Seventy-three percent of 50 Biscayne’s 528 units have closed for a total of 388 units. Loft 2 has closed on 448 of its 496 units (90.3% of units closed). The Plaza on Brickell has completed the closing process for 663 units of the 1000 units located in both towers. With a total of 66% of The Plaza delivered and the continual number of closings in all the aforementioned buildings, RCRS president and CEO, Alicia Cervera Lamadrid is positive about 500 Brickell’s closings which began in June (which to date consist of 146 closings), as well as the state of the region’s real estate market.

“These figures show a positive trend in real estate, especially in Downtown Miami,” states Cervera Lamadrid. “Closings of our buildings are taking place every single day, and the percentages keep rising. It confirms what I have always believed, which is that Downtown will be one of the most exciting neighborhoods in South Florida where people can live, work and play. Judging by the closing figures of Loft 2, 50 Biscayne, The Plaza and 500 Brickell, the future is already here.”

While Downtown’s social and economic scenes’ continuous growth into a world-renowned urban center have been integral to the area’s renaissance, a more recent and very prevalent practical concern has further accelerated the suburb-to-city migration – rising fuel prices. Living in Downtown was considered a luxury, but with today’s economy, living closer to the heart of the city is perceived as a prudent move. Lifestyles are changing across the country, and Miami is not exempt from this transforming influence. RCRS associates find that many of their clients are looking for a new home in Downtown Miami in response to these stimuli.

RCRS, the South Florida Neighborhood Experts, is a partnership between The Related Group’s chairman and CEO, Jorge M. Perez, And Cervera Real Estate’s President, Alicia Cervera Lamadrid. From 2000-2008, RCRS sold over 13,600 units valued over $6.8 billion. RCRS’ team consists of more than 135 condominium sales specialists who can effectively orient clients because they live in the neighborhood they represent.
Website: http://www.rcrs.net