Forte Properties Madison Circle is Coral Gables' best class A office space. Spacious with market-leading amenities, the business class space is close to downtown Miami, Brickell Avenue, Miami Beach and Miami International Airport.
This video reveals why Madison Circle has the best features and benefits of any property in the Coral Gables market.
Local, access, amenities - your business needs an address like Madison Circle.
It’s already been a busy year for Forté Properties and me. Aside from our efforts in commercial and class A office leasing and development in Coral Gables, Miami and South Florida, I – in my role with Forté Properties and on my own time – have been working with other community leaders to help those in need. It’s an important task for anyone interested in the health of a community, its people and its quality of life.
Three particular projects I’ve been working affect many of our community’s most important components.
I recently was among the founding committee members of the Baptist Children’s Hospital’s inaugural Hall of Dreams Celebrity Golf Tournament and Gala. Working with more than two dozen community leaders and citizens, our “think tank” created from scratch a two-day event that engaged people across the community. Baseball legends Mike Lowell Jorge Posada and dozens of other athletes and celebrities also stepped up to the plate to play golf at the Biltmore Country Club. My foursome included former Miami Marlins pitcher Bill Hurst.
The Hall of Dreams Gala was held at the Doral Golf Club. It attracted more than 430 people. In all, we raised thousands of dollars over two days for a tremendous local cause.
Another event I participated in was the Rotary Club of Coral Gables Charity Golf Classic for Scholarships Luncheon at the Biltmore. Lunch was followed by a Helicopter Golf Ball Drop benefiting the Rotary Foundation. As an occasional golfer, I joined other golfers and non-golfers alike in the perfect marriage of our enjoyment of the sport, pleasure of camaraderie and desire to help the community.
Buried at the bottom of a recent business story about commercial and residential lending in South Florida was this headline: Thousands of New Miami Condos on the Way. For a real estate-based economy that only a few years ago was on life support, news about thousands of new condos – and, the expected businesses that likely will follow – is nothing to bury at the end of a story about construction financing.
In Miami, Coral Gables and South Florida business circles, this is big news. Banks are lending again. Projects once stalled on drafting tables – or mortgage lenders’ tables – are being put into motion.
In tow will come supporting businesses, commercial real estate, the need for robust office space, and all the services that come in kind.
News of thousands of new units going up and financing returning for developers, builders – and prospective buyers, is good for the economy.
It’s been a good year for Forté Properties and Vice President Bradley Forté.
Under his guidance, the leadership team at the family-owned real estate company’s premier commercial property, Madison Circle, grew its occupancy to near 100%. Bradley also made a savvy residential investment in Fort Lauderdale, which will become the company’s foothold in the burgeoning Broward County market.
An active philanthropist, Bradley also has signed on to support as a committee member to the inaugural gala for Baptist Children's Hospital.
From Coral Gables to Coconut Grove to Miami Beach and beyond, businesses and workers alike are looking ahead to the holidays. As Thanksgiving approaches, some are seeing beyond the turkey and stuffing and holiday cheer to those things we truly can be thankful for.
At Forté Properties, we’re proud to be part of a three-generation family-run development group that has helped make, shape and mold the residential and business landscape from the Beach to the Gables.
Every day, we come to work surrounded by employees and tenants whose work and support we appreciate – and are perennially thankful for.
As a leading provider of class A office space and commercial real estate in the Coral Gables, Miami and South Florida market, Forté Properties is keenly aware of the role our market plays in the greater regional economy. So when it recently was announced that the Transportation Security Administration is providing Miami International Airport a $101 million grant to upgrade its security measures, we believed this highlights the critical role the airport plays in the region – and the importance of Miami, Coral Gables and South Florida business economy.
The grant – the second largest made to any U.S. airport – will pay for a dozen next-generation explosive-detection baggage screeners, designed to reduce erroneous or false alarms and speed up baggage screening. The machines use 3-D snapshots and various algorithms to assess contents and address known threats, according to news reports. The work will start within the year and should take five years to complete.
Miami-Dade County Aviation officials told the Miami Herald the news is “a big game-changer.”
If global diversity is good for business, think of the Coral Gables office real estate market as a snapshot of a multinational community in motion. In the past, we’ve discussed how the Argentines, the Brazilians, even the French have descended upon the local real estate and business markets, bringing to South Florida investment capital, job opportunities and a vibrancy found nowhere else in the Americas. Now, it’s Spain’s turn.
The country recently was profiled as being a source of significant capital and investment in the local economy. Traffic and investment from Spain is up and is strong in the county - which is good for business.
As the landlord and developer of class A office space in the Coral Gables market area, we have witnessed this trend. Yet, we’ve known for years the influence and impact such diversity can bring to the marketplace.
From a Coral Gables office or a Coconut Grove commercial space, it’s hard to deny the four-year-old bull’s resilience. In fact, from Wall Street to Main Street, some are calling the current market run the “Teflon bull.” And with strong commercial and office real estate growth and new activity throughout Coral Gables, Miami, Miami Beach and all of South Florida, it’s no surprise.
We’ve seen rents stabilize and even rise. New business inquiries and leases are being signed throughout Coral Gables and across South Florida’s key business markets.
It’s no secret that residential real estate has rebounded with enthusiasm, attracting buyers from throughout the Americas – from the Northeast to Brazil, Argentina and the rest of the hemisphere.
Want a visual snapshot of a city whose business persona is growing? Then picture Coral Gables. This month, the Consulate of Belize in Florida inaugurated its new Coral Gables offices – joining several high profile businesses that have raised their stakes the Gables. In doing so, they have also raised the city’s stature as a destination for regional business, development and tourism.
Consider the names. Hyatt Hotels Corp. recently announced a new Coral Gables office would focus on the Latin America and Caribbean markets. Executive there would include operational and marketing vice presidents for the region.
Since its founding 88 years ago, Coral Gables has evolved from a sub-tropical retreat for northern residents to thriving global business center of the Americas. Businesses and companies here find Class-A office and commercial space, amid neighborhoods that retain timeless architecture and welcoming lifestyle amenities. “The City Beautiful” is increasingly recognized the world over for its business, civic and residential attributes.
Case in point: the city being named a finalist in the 2013 LivCom Awards. The annual competition, which is endorsed by the United Nations, recognizes the world’s “most livable” communities. Coral Gables joins 13 cities in Austria, Greece, Korea, Malaysia, Hungary, Lithuania, France, Taipei and the Czech Republic as this year’s finalists.
No other city from the United States – or the Americas – was recognized.
In 1987, the downtown Miami business corridor welcomed a new office building so dramatic in its appearance that it singularly and immediately became iconic: The CenTrust Tower. Notwithstanding the tower’s inglorious past, such landmark and striking development is nothing new for Miami and Coral Gables. We have South Beach’s Art Deco hotels and the historic Biltmore Hotel, the residences of Star Island and magnificent condominiums that have transformed the residential real estate industry.
Never to be outdone – even by itself – Miami’s ready to do it again. Plans were unveiled this week for the new One Brickell CityCentre. The 80-story, mixed-use tower will rise as part of the area’s CityCentre development.
Swire Properties spent $65 million on the property, according to the South Florida Business Journal. The building would become an accompaniment to the Brickell CityCentre project already taking shape. The two properties will be connected by retail shops and plazas.
News this week that a South Florida family spent $41.5 million to win the fabled Versace mansion at auction is the latest in a list of sales that showcase the economic, residential and commercial real estate recovery across Miami Beach, Coral Gables, Coconut Grove and the region.
Joe Nakash, patriarch of the Jordache Jeans family, said after Tuesday’s auction that he plans to turn the mansion at 1116 Ocean Drive in South Beach into an offshoot property of the Hotel Victor next door, which Nakash also owns. If bankruptcy court approves the deal, Nakash might even seek to license use of the Versace name.
The buy, and resurrection of the use of the Versace property, bodes well for business and development in South Beach.
Miami Beach, Coral Gables and Coconut Grove have been in the news of late for their stratospheric luxury home sales – some reaching $25 million or more. But for some residents in the South Florida market, buying isn’t on the agenda. Rentals are becoming the residence of choice.
In fact, across the region – high rises and townhomes from Coral Gables and Coconut Grove through Miami Beach and into Edgewater, north to Hollywood, Fort Lauderdale and even Boca Raton represent a new type of luxury rental property. And they promise to reshape the residential marketplace.
According to one report, more than a dozen new rental apartment projects recently have been completed in Miami-Dade and Broward counties, bringing on line more than 3,500 units. Another 31 projects with almost 9,900 units currently are being built, notes Hunter Group of Institutional Property Advisors in Fort Lauderdale. Thousands more units are in being planned.
It’s long been said that “When the U.S. sneezes, Latin America catches a cold.” Why? Because the economies of Central and South America historically have been so dependent upon the health of the U.S. economy, that if we faltered, they faltered – often worse. As developers in Coral Gables and Miami commercial and office space, as well as luxury residential properties, we know this.
What about when economies recover? If the U.S. returns to good health, do Latin American economies, too? It seems to be that way.
Just look at Brazil. Though some may argue the U.S. recovery had only a minor role in that nation’s – even the region’s – recovery, news from Brazil is bullish.
Eighteen months in a row we’ve gotten the same news: South Florida home prices are rising. And for 18 straight months, luxury home owners, Realtors, developers and commercial and office landlords in Coral Gables, Coconut Grove, Miami and throughout the region have worn increasingly wide smiles. The worst of the recession seems behind us. Growth is strong and constant.
Gains continue, though not at the heated pace of the recent past, notes the Standard & Poor's / CaseShiller home price index report released this week. From Miami-Dade County through Broward and north to Palm Beach, home prices continued their rise, up almost 15% over this time last year, data reveals.
This isn’t some local phenomenon. Case-Shiller tracks 20 metro areas nationwide, and all 20 showed price increases. The rises seem to be slowing, possible as a result of rising mortgage rates, analysts believe. It gives some insiders cause for pause of an over-heating market. That could be.