Unless you have been living under a rock in the U.S. you have no doubtedly heard that National Basketball Association top free agent LeBron James has chosen to ‘take his talents to South Beach’. In reality he will be playing home games at American Airlines Arena which is in Downtown Miami (and not South Beach). The Arena sits at NE 6th Street and Biscayne Boulevard. To the South of the Arena is the entrance to the Port of Miami and Bayside Marketplace. Between a block and three blocks to the North of the Arena sit four condominium buildings: Marina Blue, 900 Biscayne Bay, Ten Museum Park and Marquis Condominium.

Soon after LeBron James’ signing with the Miami Heat, one of my clients from Switzerland asked if LeBron James’ move would have an impact on Miami Real Estate. My answer was simple – Absolutely! It will be tremendous for the Downtown Miami area. Season Tickets for the home games had immediately sold out. There will be more winning by the team. Additionally there will be more national television exposure for the team and a side benefit would be more exposure for the City of Miami. Think about the aerial video during the telecasts. So far the team is expected to be Nationally televised 30 times (out of 82 total regular season games). That is a huge number and will likely increase as they will be expect to go through 4 rounds of the post season.

Today it was anounced that 3 retail spaces across from the Arena at MarinaBlue Condominium had been resold. The spaces were purchased by a Sunny Isles Beach investor who paid $2.1 Million for 5,100 square feet. The space is expected to be converted to a restaurant and bar, with possibly a microbrewery. I remember showing a client the full commercial package at Marina Blue in 2008. At the time it was being offered for over $14 Million for roughly 40,000 square feet. Oh do I wish I had a crystal ball back then.

Wow – a whole week since my last photo post. Sorry it took a while – I was out sick with the Flu. Today’s photo is of the “Biscayne Wall” which is a group of four Downtown Miami Condos at the edge of what would be considered proper Downtown Miami. They are luxury condominium buildings across from the soon to be constructed Museum of Art and Museum of Science in Miami’s Museum Park. Each building offers direct water views from most units. The buildings pictured from left to right are Marina Blue, 900 Biscayne Bay, Ten Museum Park and Marquis Condominium.

You can also see in the photo the lighting under the MacArthur Causeway and the interesting light effect at the top of the Marquis Condominium which spans the 49th-67th floors of the building.

For purchasing information or to schedule a tour of any of these properties please call Samir Patel at 305-503-6183 – Broker of Miami Condo Realty, Inc

Today’s photo is of the humongous terrace from a 3 bedroom condominium unit in Marquis Condominium. Recently one of our buyers bought this apartment from the developer and we assisted them in the flooring installation which came out beautifully. The unit was 2044 sq ft of interior and the terrace was 326 sq ft. Marquis is a private five-star condominium in Downtown Miami. Some of the building features are all glass construction, private elevators, direct waterfront location and flow through floorplans. You can find more information about the building on our page for Marquis Miami Condos. For purchasing information or to schedule a tour of the property please call Samir Patel at 305-503-6183 – Broker of Miami Condo Realty, Inc.

Today’s photo is of the East view from a condo unit in Paramount Bay. Paramount Bay is a five-star condominium scheduled to open by the end of 2010 in the edgewater neighborhood of Miami just North of Downtown Miami. Some of the building features are all glass construction, private elevators, direct waterfront location and flow through floorplans. You can find more information about the building on our page for Paramount Bay Condos. Tours of the property will resume in a few months. For purchasing information or to schedule a tour of the property please call Samir Patel at 305-503-6183 – Broker of Miami Condo Realty, Inc.

Today’s photo is of the view of the Downtown Miami skyline from one of our premiere listings – Quantum on the Bay Penthouse 4417. Penthouse 4417 is a 1 bedroom, 1 and a half bathroom condominium on the 44th floor of Quantum on the Bay. The units has been upgraded with marble flooring throughout. It also features one of the best views available in the city. You can see all of the Downtown Miami skyline including the Bank of America building (the one that changes colors every night). You can find more information about the building on our page for Quantum Condos. Penthouse 4417 is currently listed as a Short Sale for $224,900. For purchasing information or to schedule a tour of the property please call Samir Patel at 305-503-6183 – Broker of Miami Condo Realty, Inc.