Compass Florida Development Division has been designated as the leading brokerage for the new OPUS Bay Harbor residential development situated in Bay Harbor, according to a recent press release. Designed by award-winning and internationally-recognized architect Bermello Ajamil, Opus Bay Harbor will house seven full-floor residences with interior square footage ranging from 4,225 to 5,000, with luxury amenities including a private gym, rooftop kitchen, outdoor pool and private boat docks. The project is expected to be complete in early 2020.

In other Miami real estate news:

• A bayfront Miami Beach home originally owned by Eurinvest Group founder Philippe Ginestet is now on the market for $12.6 million. Built in 2018, the two-story luxury residence has luxury amenities including an outdoor infinity pool, bay dock and pool cabana with outdoor kitchen.
• Florida Realtors and the Canadian Real Estate Association signed a Memorandum of Understanding for 2018, which establishes the cooperation of the two Realtor organizations in developing a mutually-beneficial relationship for their respective association members, according to Business Insider.
• Miami has fallen into Forbes’ list of the worst cities for renters in 2018. With an estimated $1,564 for monthly rent and 5.7% rent growth, Miami is tied for fifth place with Riverside-San Bernardino, California.
• Miami developer and Royal Palms Companies CEO Dan Kodski states that he is currently renovating the rooftop of the Paramount Miami Worldcenter complex with a landing pad and glass observation deck, according to the Miami Herald. The apparent purpose of this construction is due to a near-future with flying personal transports.