Seven ways Miami real estate is evolving in 2025

Miami's real estate landscape highlights is shifting, with urban growth, luxury developments and affordable housing.

Iconic rebuilds include the Deauville Hotel in Miami Beach and other luxury high-rises.

And workforce housing developments are addressing affordability through public-private partnerships, offering subsidized units and proximity to transit to serve middle-income residents and essential employees.

Suburban expansion outside traditional urban development boundaries is also inching forward, reflecting rising demand for mixed-use communities near transit corridors.

But the South Florida market continues to face challenges, including high construction costs and insurance increases.

Here are recent stories that explain what's going on.

The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories below were reported, written and edited by McClatchy journalists.

Real estate developers Related Group and BH Group announced its plans to develop W Pompano Beach Hotel & Residences, a swanky 24-story tower on nearly four beachfront acres managed by luxury chain W Hotels. Construction is likely to begin in 2027. An artist rendering shows what the project will look like.

NO. 1: POMPANO BEACH GETS A NEW LUXURY DEVELOPMENT AMID CONSTRUCTION BOOM. CONDOS START AT $3.1 M

Pompano Beach, a coastal Broward city in the midst of a building boom, is getting a new addition to its changing skyline: | Published November 20, 2024 | Read Full Story by Amanda Rosa

Miami-Dade County’s Urban Development Boundary runs through a piece of farmland near U.S. 1 in South Miami-Dade, and county commissioners on Nov. 21, 2024, agreed to expand the boundary to include 20 acres where developers want to build apartments.

NO. 2: A DEVELOPER WANTS TO BUILD OUTSIDE MIAMI-DADE’S URBAN ZONE. COUNTY: NO PROBLEM

Usually an Urban Development Boundary expansion brings a fight in Miami-Dade. Not this time. | Published November 22, 2024 | Read Full Story by Douglas Hanks

For sale sign. Stock image of a For Sale sign. The proposed legislation comes as house prices exceed affordability for numerous parts of the U.S.

NO. 3: BE CAREFUL ABOUT COMMITTING TO A SINGLE REAL ESTATE FIRM, FEDERAL AUTHORITIES WARN

Take a look at these real estate trends. | Published December 26, 2024 | Read Full Story by LEW SICHELMAN

A view of the Miami skyline off Biscayne Bay includes condos in a file photo from December 2024. By Pedro Portal

NO. 4: IS IT MORE EXPENSIVE TO BUY A HOUSE IN MIAMI? ARE CONDO SALES STILL DOWN? TAKE A LOOK

We’re breaking down the average cost in South Florida. | Published March 21, 2025 | Read Full Story by Howard Cohen

A rendering illustrates developers’ plan to reconstruct and ‘reinterpret” the demolished but iconic Deauville Beach Resort in Miami Beach.

NO. 5: MIAMI BEACH’S VANISHED, ICONIC DEAUVILLE HOTEL IS POISED FOR AN ‘EVEN BETTER’ RETURN

“It is a project that improves the quality of life for every resident of North Beach,’ say Beach Vice-Mayor Tanya Bhatt. | Published March 23, 2025 | Read Full Story by Andres Viglucci

Renderings from the Swerdlow Group show a Main Street-style commercial and residential district and the entrance to a new Tri-Rail commuter station that would be built under a massive proposal that aims to transform a broad swath of Miami’s Little River-Little Haiti neighborhood.

NO. 6: NOW WITH MORE AFFORDABLE HOUSING, MASSIVE MAKEOVER PLAN FOR LITTLE RIVER WINS APPROVAL

“Everyone for 20 blocks in every direction is going to gain a lot from this. It’s going to be very good for everybody,” the developer says. | Published March 28, 2025 | Read Full Story by Andres Viglucci

The Era, Affiliated Development’s latest project, is currently under construction in Fort Lauderdale. The apartment building is meant to help address the area’s lack of affordable workforce housing.

NO. 7: NEW FORT LAUDERDALE APARTMENT WILL OFFER ‘LUXURY’ AFFORDABLE HOUSING TO CITY’S WORKFORCE

The ongoing development efforts come as an affordable housing crisis continues embroiling South Florida, where residents are the most rent-burdened people in the country. | Published March 25, 2025 | Read Full Story by Amanda Rosa

This report was produced with the help of AI tools, which summarized previous stories reported and written by McClatchy journalists. It was edited by journalists in our News division.