By the end of the year, the city will have added a total of 15,666 units.

The team has also secured construction permits for a 330-foot-tall building with an expected 100 residential units.

The 18-story building will feature 22 luxury residences and 56 hotel rooms preserved as part of the historic Versailles Hotel.

As part of condo purchases at One Twenty Brickell Residences, homebuyers receive a designated office suite on levels two through 12 of the property.

An abundance of senior-friendly activities helped boost Miami’s ranking. Plus, the city scored in the top 30 cities for quality healthcare.

FAVO’s acquisition comes amid efforts by the Lauderhill-based company to diversify its portfolio of income-generating real estate.

Miami’s low student-to-teacher ratio (19:1) empowers teachers to provide excellent education to students. Plus, Miami spends $11,123 per student yearly.

At the same time, existing-home sales fell, housing starts were mixed, and days on market jumped.

The River District project — now called Flow on the River — is zoned for about 1,900 residences on a 6.2-acre Brickell parcel. 

“Listen well. Follow up. Show up. Keep learning.” Carolyn Block Ellert, Senior Vice President for Sales, Penn Florida Realty, Boca Raton

MIAMI REALTORS® attributed the declines to higher mortgage rates and a lack of inventory in key price points

The moderately priced community offers four floor plans priced from $348,900. 

Nationally, home sales rose 0.6% year over year but slid 0.7% month over month, RE/MAX said. 

With an average price of $40 million, the project’s 37 “mansions in the sky” are currently the most expensive new-build residences on the market in Miami-Dade, according to backers. 

The downtown Miami condominium tower will eventually top out at 70 stories. 

The firm, founded by identical twins Jasmine Dorev and Jessica Miranda-Lantigua, was previously affiliated with The Island.