The Biscayne
Corridor runs from 87th St. South to Downtown Miami
With
all the new residential and retail projects
planned or under construction, it is obvious that real estate developers
are investing in the BiscayneCorridor,
from American Airlines Arena to NE 87th St.. (see map)
This high volume of construction and small
business growth is breathing new life into a once faded stretch
of US-1. The turn began in the early 1990's with a revitalization
of the neighborhoods of Morningside, Belle Meade and El Portal, which
run alongside the Boulevard.
This year, the north end of Biscayne is receiving a facelift. To the
west, Midtown
Miami is on its way to becoming a residential and retail hub.
At the south end of Biscayne, construction crews are busy working
on the Miami
Performing Arts Center; The Performing Arts Center will open in
August of 2006, and house over 300 live performances a year.
Could this be the next South Beach?
Many people compare the Biscayne's revitalization to what happened
in South Beach during the mid 1980s — an urban neighborhood
transformed into a chic community by a flood of private investment.
But any renaissance along the corridor depends heavily on just how
many people move into the area. Presently, 1,050 people a day move
into the state of Florida. Buyer demand is strong, but for how long
is the question.
