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WHAT’S GOOD MIAMI: 9.1.26
This Week’s Issue
Today's newsletter includes: why Miami is still the one city on earth where you can buy a neighborhood, Related Ross closing on 71 acres in Wellington that turns entitled dirt into an actual $46.3 million bet, Larry Page quietly moving his family office a mile from his Coconut Grove compound and keeping his name off the directory, American Airlines making Europe easier to reach for the rest of us flying commercial, a sports bar in West Palm Beach that made us want to build one in our own house, and a third Negroni location filing for bankruptcy while two partners fight over who even owns the name.
ON MY MIND: OPPORTUNITY KNOCKS IN MIAMI, LIKE NOWHERE ELSE
Ken Griffin is buying up Brickell and Wynwood. Stephen Ross is buying up West Palm Beach. Every major player in real estate has a stake in North Beach right now, Witkoff, Eichner, Ansin, Shoma, Finvarb, all building at once in the same few blocks.
This isn’t new. It’s just accelerating.
The Pattern Was Already Here
The Whitmans have been reinventing Bal Harbour for years and they’re still not done. The Soffers built Aventura and are now doing the same thing to Mid-Beach and SoLeMia. The Robins own Miami Beach and the Design District, full stop, not a stake in them, an actual claim on the identity of both places. Comras had Collins Avenue and Miami World Center, and now he’s taking back Lincoln Road.
None of these are new stories. They’re the same story, repeating, because the model works.
Where Else Does This Happen
Name another city in the world right now where an individual or a family can still buy a neighborhood and reshape what it is. Nobody’s buying Brooklyn. Nobody’s buying Shoreditch. Those cities calcified decades ago, ownership got fragmented across too many players, too many decades, too much history that can’t be undone with capital.
Miami didn’t calcify. It’s still soft enough to be shaped, and hard enough now that shaping it actually means something. That combination doesn’t exist in many places left on earth.
Mr. Miami Take
I hear the naysayers on this all the time, too much building, too much money, too fast. Ignore them. This is the window. Every family I just named saw it before it was obvious and built something generational because of it. Opportunity knocks in Miami like nowhere else on earth. Take it while it’s here.
BEACH BUSINESS
Related Ross Owns Everything: Closes on Another 71 Acres
$46.3 million. That’s what closed the deal for the former K-Park property in Wellington. Related Ross now owns the 71 acres it previously only had entitled.
That’s the real news. Everyone already knew a project called Village Landing was coming. Nobody could confirm Stephen Ross’s people actually owned the land until now.
