Is South Beach the New NYC for Real Estate Buyers?: "MT: You have the same chefs popping up here. One of the biggest chefs in New York, Tom Colicchio, is doing his first restaurant in Miami here at 1 Hotel & Homes. Then you have the culture, the vibrancy of South Beach, and, most importantly, the pedestrian nature of this city. New Yorkers love that.
PB: For New Yorkers, it’s convenience. Like you said, they don’t want to drive. They want easy access to everything, with a sophisticated attitude. They want the building with the amenities. You guys really hit every target [with 1 Hotel & Homes]—its location, Tom Colicchio, access to the ocean. That’s why you’re getting all these New Yorkers. 1 Hotel & Homes South Beach, 2399 Collins Ave., Miami Beach, 305-361-5100; Pietro Belmonte, 135 Ocean Dr., Miami Beach, 305-335-1981" (read more at link above)