Business
Latest reporting from the Business desk.
At the Urban Land Institute's fall meeting at the Miami Beach Convention Center, development executives argued that getting infrastructure, tenant mix and community amenities right matters more than maximizing leasable square footage for retail success.
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View MoreHibiscus Island mansion sells for record $51.5 million
A bayfront estate at 270 South Hibiscus Drive closed for $51.5 million, shattering the previous Hibiscus and Palm islands record by more than $11 million and headlining a $167.6 million week for Miami-Dade luxury real estate.
Business
View MoreFontainebleau moves to dismiss lawsuit over 99-foot waterslide
The Fontainebleau Miami Beach filed a motion to dismiss a resident's lawsuit challenging the resort's planned 99-foot waterslide tower, arguing the plaintiff lacks standing and sued the wrong party over a state law that bypassed local historic preservation review.
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View More'Chopped' winner Rapicavoli to open Luca Trattoria on Normandy Drive
Chef Giorgio Rapicavoli, the Food Network "Chopped" winner behind Coral Gables' Luca Osteria and Eating House, will open Luca Trattoria at 933 Normandy Drive in Miami Beach's Normandy Isles neighborhood this fall, marking his first restaurant outside Coral Gables.
Business
View MoreCollins Avenue condo sales total $52.5 million in one day
Three luxury condo transactions totaling $52.5 million closed Aug. 10 along Collins Avenue in Surfside and Miami Beach, including a $19 million Surf Club purchase by aviation executive William Papariella and a $13.5 million Edition condo sale.
Business
View MoreBay Harbor Islands, South of Fifth offices attract tenants
Two Miami Beach-area office projects, One Kane in Bay Harbor Islands and The Fifth Miami Beach in South of Fifth, are attracting premium tenants even as broader South Florida office and retail investment sales declined in the first half of 2026, according to a new Avison Young report showing $9.3 billion in total deal volume.
Business
View MoreMiami Beach spas offer up to 40% discounts through August
More than 40 spas across Miami-Dade are offering treatments at $109, $159 and $199 through Aug. 31 under Miami Spa Months, with more than a dozen Miami Beach hotel spas participating including Tierra Santa at Faena and Lapis at Fontainebleau.
Business
View More'Dancing with the Stars' pros open Lincoln Road dessert shop
Married "Dancing with the Stars" professionals Daniella Karagach and Pasha Pashkov have opened Sulta Rosa, a coffee and dessert shop at 821 Lincoln Road in Miami Beach, serving handcrafted baklava, croissants and specialty coffee from 10 a.m. to 3 a.m. daily.
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View MoreMiami earns four Michelin stars; Mutra first kosher honoree
Four Miami Beach-area restaurants hold Michelin stars in the 2026 Florida guide, with Mutra making history as the world's first kosher restaurant to earn the honor and three local spots retaining their recognition.
Business
View MoreSouth Florida luxury hotels court dogs with gourmet menus, technology
Miami Beach and Bal Harbour luxury hotels are competing for affluent pet-owning travelers with AI canine concierges, in-room dog dining and resident dogs, as the area posts the highest average daily room rates in the country and InterContinental Miami hosts a National Dog Day party Aug. 26.
Business
View MoreMedium Cool closes at Gale Hotel Aug. 22
Medium Cool, the acclaimed cocktail bar in the Gale Hotel basement on Collins Avenue, will close Saturday, Aug. 22, after nearly four years due to a change in the hotel's plans; co-founders say they are searching for a new Miami location.
Business
View MoreNew restaurants open in Bal Harbour, South Beach
Three high-profile restaurants have opened at Bal Harbour Shops and the renovated Delano Miami Beach since March 2026, adding new dining from Stephen Starr, Jeffrey Chodorow, and Hugo Toro as Miami prepares to host World Cup matches this summer.
Business
View MoreArt Basel returns to Miami Beach, offers residents half-price tickets
Art Basel confirmed its return to the Miami Beach Convention Center from Friday, December 4 through Sunday, December 6, and is offering residents a 50% discount on day tickets through August 9, even as the fair's long-term contract with the city remains unresolved.