The Topping off of Aloft South Beach by Jason Halpern of JMH Development
JMH Development has announced their latest project- the Aloft South Beach. The Aloft is scheduled to open in early 2015 and is a specially designed 235 room hotel located in the center of Miami Beach. The project is to be led by Principal Jason Halpern of JMH Development. Aloft South Beach intends to offer guests significantly larger rooms, over 360 square feet, the first hotel in South Beach to do so since 2009.
The project is a joint venture between JMH Development and Madden Real Estate Ventures. The team will utilize the historic Motel Ankara, renovating the property with the addition of an eight-story tower. The build will be led by Plaza Construction with ADD, Inc. serving as the project’s architect. Jason Halpern noted his excitement for the project and added that topping off the building is a major achievement towards completion.
The hotel offers guests a large outdoor pool, rooftop lounge, fitness center, and over 2300 square feet of meeting space. The Aloft also intends to host live performances from local artists and the latest bands, with no additional costs.
The Aloft South Beach, situated with access to both Lake Pancoast as well as the Collins Canal, has premier waterways surrounding the hotel. Located in the heart of Miami Beach, the Aloft is just one block from the shore is a perfect stop all visitors. Conveniently located near the Miami Beach Convention Center, a number of art galleries and the Bass Museum of Art the Aloft is perfect for those visiting on business. For those wanting to relax, the hotel has a number of boutiques, restaurants, and night clubs also located nearby.
In 2010, Jason Halpern took control of JMH Development, a family business with over $500 million invested in various real estate projects. JMH Development is a full-service real estate developer, covering design, construction, and marketing, with experience in both residential and commercial properties. The company prides itself on innovative and creative designs focusing on major metropolitan areas including Manhattan, Brooklyn, and Miami Beach.
Currently, JMH Development is working on several projects in New York state including a development on 184 Kent as well as the conversion of a warehouse into over 300 luxury apartment units. JMH Development is known for their Townhouses of Cobble Hill and the addition of 9 luxury townhouses in Brooklyn. The company seeks to innovate and create new properties across the state of New York.
Real Estate Expert Offers Insight Into 2016 Real Estate Market In NYC
The 2016 real estate market in New York City is expected to have some major differences that will set it apart from the 2015 market. Real estate expert Ari Hawkov who works for Halstead Property offers the following insights for the NYC market in 2016.
One of the biggest impacts on the real estate market in New York City apartments for sale in 2016 will be the rising interest rates. This should have the effect on lowering prices for sellers, while giving buyers an opportunity to snatch up a home for a lower price. Another major development in the real estate market that should occur in 2016 is the focusing of buyers on prime neighborhoods. This is due to the fact that when the market surges and is doing well it tends to bring second choice neighborhoods into the boom as well. A declining market will have buyers focused solely on prime locations, where the dropping prices will make primary neighborhoods more appealing to buyers. The luxury condo market will probably be unaffected. This is because an influx of new developments and lots of new listings combined with a strong demand will continue to make the luxury condo market strong.
Knowing the real estate market in New York City and following its trends is no easy feat. If you are a seller looking to offload your property, a buyer looking to get a good deal during a period of downtime in the real estate market or an investor looking to invest money in physical property, a highly reputable real estate agency can help you achieve your goals. Town Residential is the leading full service luxury firm in New York City. Whether you are looking to buy, sell, invest or lease, Town Residential has the resources and personnel to help you achieve your goals and navigate through the New York City real estate market.
Town Residential is one of the few real estate firms in New York City that focuses on the luxury real estate niche in New York City. You will be given attention and informed on all developments regarding your deal/offers. Town Residential treats every client with the utmost respect and dignity while helping them achieve their goals. For a complete rundown of the projections for the New York City real estate market in 2016, check out this article on the NY Daily News.