"I believe that this is a form of gentrification, which prices out seniors, minorities, and young professionals,'' says U.S. As the last available lots along Biscayne Bay get bought up and molded into a massive Brickell 2.0, longtime residents are being pushed further from the pulse of the city, leading an entire community to wither in unison.
The announcement said the renters had until July 16 to find a new place to live.Īmid one of the tightest rental markets in Miami in recent years, even the comparatively well-to-do residents at the Hamilton - where a one-bedroom unit rents for about $2,000 - are being priced out of Edgewater. But for many, the email was the first they heard of the news. Some residents say they were notified by the Hamilton's building manager a week prior. But this notice served to warn them of something far less expected: the mass termination of their leases. The messages usually warned of impending construction projects following years of water damage from the storm. The 140-plus tenants at the Hamilton on the Bay complex in Miami's Edgewater neighborhood had grown used to an influx of emails ever since Hurricane Irma sloshed through town in 2017. At first, nothing seemed out of the ordinary. The emails went out on a Monday in mid-May.
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