Lucas Lechuga's Blog

The St. Regis Residences, Miami is redefining waterfront elegance with an architectural language rooted in tradition and timelessness. Designed by Robert A.M. Stern Architects (RAMSA) — one of the world’s most celebrated architectural firms — the 50-story tower rises gracefully along Biscayne Bay...

Miami’s condo landscape is evolving fast, and The Rider Residences are leading the charge. Situated in Wynwood, at the crossroads of Edgewater, Midtown, and the Design District, this forward-thinking development offers true ownership flexibility — a rarity in Miami’s luxury market.Unlike most con...

Sales have officially launched for HQ Residences Miami, a 35-story luxury condominium tower set to rise in the heart of Edgewater. Developed by Black Salmon, The Boschetti Group, and Constellation Group, in collaboration with HQ Hotels & Residences by sbe, the project marks the first-ever residen...

It is with great pleasure that I announce the launch of my latest website venture - MiamiRealEstate.TV - an all-video website to showcase Miami's hottest properties and industry-leading game-changers. Currently, the website has five videos, including a tour of a $38M, trophy-penthouse at Icon Sou...

As of today, the resale inventory of Porsche Design Tower is at 28 percent, quite high considering it has been open for four years.  Typically, when a condominium building opens, the resale inventory swells to around 20 or even 30 percent but then, over the subsequent year or two, drops to a more...

Closings at Canvas Condos started about a month ago on January 6th. I am happy to report that there now a good amount of resales and rentals that have hit the market. As of this writing, Canvas Condos has 18 resales and 39 condos for rent. For sale, the studio condos at Canvas currently range fro...

The finish line is right around the corner for Canvas Miami. Closings for the 37-story condo development are expected to begin this coming summer. With inventory still remaining, the developer, NR Investments, recently released new renderings of Canvas Miami to drum up new interest. The never-bef...

 The wait is almost over for the highly anticipated Park Grove. Park Grove is an ultra-luxury condo development comprised of three, 23-story towers: One Park Grove, Two Park Grove, and Park Grove Club Residences. Closings for units at Park Grove Club Residences (Tower 3) will begin this week whil...

 We're about five months through 2018 and there have already been a slew of luxury homes that have sold in Miami-Dade County. The top five homes have sold for a cumulative amount totaling over $82M. The home that sold for the highest amount ($19.75M) is located in Coconut Grove, the second and th...

Miami luxury real estate is in very high demand, at least according to the Miami Association of Realtors's most recent quarterly update. In the first quarter of 2018, luxury homes in Miami sold ($1M and up) rose 12.3 percent from 375 homes sold in Q1 2017 to 421 homes sold in Q1 2018. Additionall...