The Miami Master Brokers Forum (MBF), a home-grown network of the area’s top-producing real estate professionals, recently held an extraordinary panel discussion on New York and Miami’s unique real estate connections, chaired by board members Donna Bloom and Ralph De Martino. Sponsored by Related Companies, the event took place at the Gran Paraiso sales gallery in Edgewater and brought together more than 100 Master Brokers.
During a welcome cocktail reception, members enjoyed refreshments and hors d’oeuvres, while admiring scale models, renderings, and spectacular views of Biscayne Bay on the sales center’s patio. Mr. De Martino opened the program by welcoming the assembled Master Brokers, and introducing Dan August Cordeiro, senior managing director of the Corcoran Sunshine Marketing Group. Mr. Cordeiro outlined New York City’s dramatic recent cultural shift to the West Side of Manhattan, and provided detailed presentations of:
- 520 W 28thStreet, one of the final projects by recently-deceased architectural superstar Zaha Hadid, with 39 original residences located directly on the High Line in West Chelsea
- Fifteen Hudson Yards, an ultra-luxury 88-story condominium that is part of America’s largest private real estate development ever, transforming 28 acres of Manhattan with new residences, shopping, dining, and cultural options
- 70 Vestry in Tribeca, offering once-in-a-generation waterfront homes on Hudson River Park by Robert A. M. Stern Architects, with interiors by Daniel Romualdez
Krystal Marcus, Mathy Garcia, and Doris Suttin
Mr. Cordeiro then joined fellow panelists Robert McCain, co-director of sales at 70 Vestry;Heather McDonough, a broker with CORE NYC and co-director of the sales team at 520 W 28thStreet; and Sebastian Steinau, global sales director for Hudson Yards, for the discussion led by Miami MBF chairman Jeff Morr.
The panel explored questions surrounding the fluid state of the New York and Miami real estate markets, the unique global markets that are investing in each city (and the reasons for their particular interest), the differences in each city’s deposit structures when purchasing new developments, and opportunities for Miami agents and brokers to expand their businesses in New York.
“While the cliché of Miami being New York’s sixth borough may be a bit worn out, it is still accurate when describing the special real estate connection between the two cities,” said Morr. “We really enjoyed learning about these remarkable new projects and appreciate Related Companies’ legacy of supporting Miami’s dynamic broker community.”
