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Coconut Grove

Coconut Grove Holds Steady as Finance and Tech Relocations Sustain Miami’s Most Walkable Luxury Market

Coconut Grove’s luxury residential market continues to draw a consistent stream of buyers tied to the finance and technology sectors, even as the neighborhood’s post-pandemic relocation surge has leveled off into a more measured pace. Buyers from New York, Chicago, California, and Texas remain active in the Grove, drawn by a combination of limited new condo supply, walkable village infrastructure, and proximity to Miami’s financial corridor in Brickell without the density that defines it. The neighborhood’s controlled development pipeline — a deliberate contrast to the high-rise clusters rising across downtown Miami — has helped insulate pricing and maintain the exclusivity that continues to attract high-net-worth households relocating to South Florida. Key Takeaways Alfredo Pujol, sales manager of Compass’ Coconut Grove

Carnegie Mellon University

Ken Griffin’s $3 Billion Gift Brings Carnegie Mellon University to a 35-Acre Wynwood Campus

Carnegie Mellon University will open a 35-acre campus in Miami’s Wynwood neighborhood, funded by a $3 billion gift from Citadel founder and CEO Ken Griffin. Of that, $2 billion goes to Carnegie Mellon University Miami. Construction is expected to begin in 2027, the first students arrive in 2028, and plans call for eventually serving more than 3,500 students. Key Takeaways The project includes a $1.1 billion purchase of several Wynwood parcels from developer Moishe Mana, who turned the former warehouse district into an arts hub. At full build-out, CMU Miami plans to support nearly 300 faculty and more than 600 staff, pending regulatory approvals. The other $1 billion goes to Pittsburgh. Half of it funds the School of Computer Science,

Miami-Dade Transit Ridership Rebounds 7.6% in June as Metromover Surges and South Dade BRT Reshapes Bus Numbers

Miami-Dade Transit Ridership Rebounds 7.6% in June as Metromover Surges and South Dade BRT Reshapes Bus Numbers

Miami-Dade County’s public transit system recorded a 7.6% increase in total ridership in June 2026 compared to June 2025, with every mode of transit posting gains and the Metromover logging a 54.1% year-over-year surge. The numbers, reported by Miami Today on August 27, mark a sharp rebound from May, when the system lost 5.6% of its passenger trips, and signal that the county’s transit network is absorbing its first fare increase in over a decade without the ridership collapse that advocacy groups had warned about. Key Takeaways Miami-Dade transit ridership rose 7.6% in June 2026 compared to June 2025, with all modes of transit showing gains. Metromover, the fare-free automated people mover serving downtown Miami, recorded the largest increase at