Miami Gets Its MAGIC

This is the final part in a series about our beloved Miami!

Miami Gets Its Magic

While taking vacations in the Miami region be sure to  include some of the historical neighborhoods to learn how Miami’s Magic thrives.

At the turn of the century, only around 1700 people lived in Miami and after a grand boom in population it was recorded as nearly 30,000 people. With arrival of so many people, real estate became a large need. Vacations weren’t needed in the area so much as permanent residence. In 1906, canals were dug and the everglades receded from three miles within the Bay to at least two miles further away.

During the days of the prohibition, Miami didn’t have rules against alcohol, so many tourists took vacations in the area to drink and gamble. This allowed for tons of business real estate to be built and skyrises began to dot the sky. By 1925, what is now known as the Greater Miami area was built.

Miami was hit by one of the worst hurricanes in history in 1926 and then there was the fall of the stock market and the depression. The hurricane wiped out the homes of around 50,000 people and the Great Depression wiped out the jobs of over 16,000 people. A conservation camp was the only real estate available to these people.

When World War II came, many jobs were brought to the area by the military. Miami was prime real estate for keeping watch on our Atlantic waters. There were definitely no vacations during this time as Miami became part of the Eastern Defense Command and the Seventh Naval District. Once the war was over, several members of the military stayed behind and settled in town.

During the 1950s through 1970s, many Cubans moved to Miami and by the 1980s, Haitians would seek real estate in the area. Neighborhoods would become Little Havana and Little Haiti. The ‘80s also brought Miami to be the capital of cocaine shipments in the States. The infamous "Miami Vice" gave many a glimpse into Miami at the time.

Today, Miami is thriving with visitors and real estate investors from all over the globe.

This is the second part of our series on Miami today.

Miami in the 21^st Century

The new century has showed a continued growth in real estate in Miami as well as a constant influx of tourists taking vacations.

The episode between little Elián Gonzalez and his handover to his father in Cuba and being taken by the Federal agents out of his home sparked several riots in the Little Havana area of Miami. Many  businesses closed in support of the little boy while trying to disrupt the vacations of visitors coming into Miami on holiday.

In 2003, the Free Trade Area of the Americas was signed to increase intellectual property rights as well as a reduction in the trade barrier. Much opposition occurred at this idea.

Within the first decade of the 21^st century, Miami turned out another large building boom. Most of the large high rises you can see in the skyline today were built during this growth in real estate. Miami now has one of the largest skylines in the states falling only slightly behind the powerhouses of Chicago and New York City. The boom began to slow at the global economic downfalls occurring in 2008 with many of the real estate projects being put on hold if not abandoned altogether.

May 2010 brought the beginnings of construction on the Port of Miami infrastructure project: the Port of Miami Tunnel that is scheduled for completion sometime nearing 2014.

Miami still holds much promise for visitors on vacations and people wishing to find real estate in the area.

Coming soon...