Legacy - Unit C | The most exclusive investment in Miami
Located in the heart of Miami, Legacy Hotels & Residences is one of the most important and exclusive real estate projects in the city. The 278 residential units that this luxury hotel offers are in fact located above 255 hotel rooms, which makes this tower the perfect mix of the two.
Its location is also at the center of the Miami Worldcenter, the flagship destination able to attract millions of tourists, visitors and entrepreneurs from all over the world to Downtown Miami. Among the many projects in this area surrounding Legacy Hotels & Residences, the main ones are the Worldsquare, a large open space for concerts and exhibitions, the Entertainment Hub, an area that includes the Food Hall and the World Promenade, a pedestrian street entirely dedicated to banks, restaurants, coffee shops, beauty salons and much more.
Legacy Hotels & Residences is located within walking distance of major means of transport including Virgin Miami Central Station, which connects Miami and Orlando in less than 3 hours, Miami International Airport, Metrorail and Metromover stations, as well as thousands of new parking lots. All of this makes the area surrounding Legacy Hotels & Residences the perfect destination not only for those who want to visit the city of Miami but also for those who want to leave the city limits.
Skybar and Lounge
Meeting Room and International Business Lounge
Wellness Center and Spa
Poolside Tapas and Sushi Bar
Investing in Miami means opting for an iconic location and a sought-after international destination on the Caribbean Sea, as well as the major metropolitan area in Florida, both by population - 6.1 million people - and GDP- about 345 billion $.
Its relevance makes investing in Miami an excellent option, since it is a primary economic hub for both the USA and Latin America, as proven by the fact that it hosts several Fortune500, the 500 largest US companies by net worth, like for instance the real estate developer behemoth Lennar and the energy giant World Fuel Services.
It is no surprise that Miami is America’s first city by international tourism (45% of its 23,3 million tourists are foreign nationals), which generates an income of roughly 18 billion $ per year, while maintaining positive and steady growth rates (visitors in 2018 were +3,5% more than previous year), all factors that induce both US citizens and foreigners in investing in Miami.
Such flow is facilitated and encouraged by the presence of Miami International Airport, a node from which about 45 million people pass through each year, including many international visitors.
Similarly, Miami port is the first passenger port in the World, with over 4,3 million people in transit each year.
Such conjunction makes Miami one of the richest cities in the USA by GDP, second only to New York City, with figures surpassing 48,000 $ and a +0,52% growth rate which has being constant for almost 20 years.
GDP: 345 billion $, 14th metropolitan GDP in the USA.
GDP Per Capita: 48.140 $.
POPULATION: 400.000 inhabitants in the city proper, 6,1 million in the metropolitan area.
TOURISM: 23,3 million visitors per year, generating an 18 billion $ revenue.
TRANSPORTS: Miami International Airport, with 45 million passing through each year; Miami Port is the 1stpassenger port in the World, with 4,3 million people in transit.
BUSINESS: Home to several Fortune 500, such as Lennar, World Fuel Services, Auto Nation, Office Depot etc…
ATTRACTIONS: Miami Beach, South Beach, Art Deco District, Vizcaya Museum & Gardens
|NY= Annual Net Yield||0-2,5%||2,6-5%||5,1-7,5%||7,6-10%||10,1-12,5%|
|CG= Most Capital Gain expected||Long term||Mid/Long||Mid||Mid/Short||Short term|
|SFP= Sq. ft Price: OPISAS vs Market||Poorly competitive||Mid/poorly||Mid competitive||Mid/high||Highly competitive|
|CC= Purchase/Management costs Convenience||Low||Mid low||Mid||Mid/high||High|
|IA= International Appeal||Low||Mid low||Mid||Mid/high||High|