Miami's Billionaire's Beach Attracts New York Wealth Post-Mamdani Election
The article discusses the 'Mamdani effect,' where wealthy New Yorkers are increasingly interested in purchasing luxury properties in Miami, particularly around Billionaire’s Beach, following the election of Mayor Zohran Mamdani. This trend is reflected in rising inquiries and sales for high-end developments like Ritz-Carlton Residences, Four Seasons Private Residences, and Cipriani Residences, with buyers seeking opulence, exclusivity, and a lifestyle change.