Condos Like Biscayne Landing to Feed Demand from Baby
Boomers, Young Professionals & Families
projects like Biscayne Landing in North Miami, Florida,
are prime evidence of the nation's high-rise condo-mania.
Real estate and land-use analysts say many factors
are driving the trend but the biggest is a major demographic
boomers are inheriting wealth at the same time that
they're becoming empty nesters. They're retiring earlier
and placing a higher value on their personal time.
The lock-and-leave freedom that high-rise condos provide
combined with luxury amenties make them a perfect
fit for boomers.
fact is, many people today don't crave the house with
a white picket fence. They don't want to spend time
mowing lawns, sitting in rush-hour traffic or getting
in their cars to pick up the dry-cleaning.
they live in a downtown high-rise, there's no grass
to cut, they often can walk to work and cultural events,
and some high-rises have on-site concierge services
to take care of life's every little need.
high-rise condo buyers are young professionals of
both sexes, married and single, who purchase them
as homes and as their primary investment vehicles.
The condos offer opportunities for appreciation without
the typical real estate ownership hassles of maintenance
recent years many cities have placed an emphasis on
"smart growth." These principles, which
promote the protection of open space by concentrating
development close to jobs, services, entertainment
venues and recreational areas and connecting it with
mass transit, fit perfectly with high-rise living.
convenience of downtown living can't be beat. Carey
Sandol, who is considering the purchase of a condo
in Biscayne Landing, said, "I love the convenience
of it all. The schools, stores and businesses are
so close. I really won't have to get in my car if
I don't want to. And there are so many things to do
here. My children will be able to play endlessly here
without ever saying to me, 'Mom, can you give me a
Landing will include a 35-acre park with miles of
hiking trails, swimming pools, tennis courts, private
clubhouses, playgrounds and much more. It is being
promoted as not only a residential community but also
a unique residential lifestyle.
Donald Trump said in a recent interview, "A livable
city needs downtown residential development. "It's
one of the reasons that Manhattan is so great. I believe
high-rise living is here to stay."