NYT: Miami ‘Turbocharged By Surge Of Well-Educated, Well-Off South Americans’

An article in the New York Times this week highlights how an influx of South Americans in recent years have magnified Miami’s allure for businesses around the world as a crossroads of the Spanish-speaking world, while transforming downtown.

Marcelo Claure, founder of Brightstar, is quoted in the article saying that Miami is ‘now the indisputable capital of Latin America’. The huge and growing middle class in Latin America ‘look at Miami as the aspirational place to be.’

While Cubans still dominate Miami, the growing presence of South Americans is ‘striking’, according to the author.  An explosion of lavish new condominium towers is attributed to ‘the South American infatuation with urban living.’