As the Worldcenter Turns: Grand Central Will be Replaced With Two Apartment Buildings
Grand Central, the much loved Downtown Miami club, is closing its doors at the end of this month to make way for a (relatively) small part of the gargantuan Miami Worldcenter megaproject, with a final bash on Saturday September 26th. Then, according to The Next Miami, it will be replaced with two…
Coral Gables’ Paseo de la Riviera Goes to City Commission
The proposed Paseo de la Riviera mixed-use development in Coral Gables survived its Planning and Zoning Board meeting last night without the board issuing a recommendation to either approve or deny it, leaving the project’s fate entirely up to the city commission. Board members did suggest lowering…
Plans For Chiquita Apartments Revised After Being Criticized By Board
Miami’s UDRB reviewed revised plans yesterday for the proposed Chiquita North apartment complex next to Midtown Miami. An attorney developer AMLI said that massing of the building has been broken down into two separate building connected at the rear for access to parking and amenities. Additional height has been added…
Comment of the day: “Someone has yet to attack Moish Mana…
“Someone has yet to attack Moishe Mana for his intentions to “renovate” the old Woolworth/Foot Locker building into a glass box. Even the S. S. Kresge building next door looks better from its 1980s “Flagler Station” renovation than what he wants to do with it. Many of America’s great cities still…
A new outdoor green space self-described as a “culinary incubator… entrepreneurial and community hub” is coming to 70 NE 29th Street in Wynwood, called Wynwood Yard. Designed by Wynwood-based architecture firm RoyalByckovas, the project will reportedly have…
Among the world’s major cities, Miami Beach remains the most attractive for its prices per square foot
Beyond being one of the main tourist destinations throughout the year, Miami and surrounding cities have become a great real estate investment opportunity not only because of its competitive price per square foot, which compared to other cosmopolitan cities around the world remains the lowest, but…
Fort Lauderdale Real Estate market Is Booming
Ten new condo buildings with more than 100 units have been announced for the Las Olas Isles neighborhood located between the Downtown Fort Lauderdale mainland and the barrier island beaches – In the Downtown Fort Lauderdale and Beach market, developers have announced plans to construct at least…
PortMiami ready for huge ships as Deep Dredge finishes
PortMiami completed its Deep Dredge project that will allow it to welcome the largest class of container vessels.
The port will hold a ceremony at Cruise Terminal E at 2 p.m. on Friday to mark the finish of more than $1 billion in infrastructure projects. Now that its channel is 50 to 52 feet deep, post-Panamax cargo vessels can visit the port.
Russian-led developer breaks ground on two Miami-Dade condo projects
Verzasca Group, a team of developers who entered South Florida from Russia and Europe, recently broke ground on two condo projects in Bay Harbor Islands. Le Jardin Residences is slated for 30 units at 1150-1160 102nd St., and Pearl House has 15 units going up at 1170 101st St. Units in Le Jardin, with an average size of 1,570 square feet
Miami Makes It To The Nine Most Competitive Housing Markets of 2015
It’s no secret that U.S home prices have rebounded from their recession lows, to the extent that some people are wondering if we’re in a new real estate bubble. However, some housing markets are more competitive than others. FindHome.com has come up with its own list of the most competitive…
Brickell City Centre reports strong retail leasing
The majority of the retail space at Brickell City Centre is already spoken for a full year before the massive urban mall is set to open. Swire Properties’ retail executive Debora Overholt said 450,000 square foot of the 500,000 square feet of retail is in advanced negotiations and they plan to…
Swire Building Sugar, A Rooftop Lounge On The 40th Floor Of Brickell City Centre
Swire Properties has started the build out of a rooftop bar and lounge at Brickell City Centre, construction filings reveal. The 40th floor restaurant, to be called Sugar, will be located at the top of the EAST hotel, which was the first tower to top off at the project. It will…
Miami Is The Second Most Popular Destination For International Visitors
Miami is among the fastest growing destinations in the U.S. for overseas visitors, as tourists continue to flock to the city. In 2014, international visits to Miami increased 21%, setting a new record. Overall, Miami had the second most visitors from overseas in the U.S., behind only New York City.
Equinox fitness chain is taking the over the industry and will be part of Brickell Heights
The chain of luxury gyms will have nearly 80 clubs by the end of 2015 and has announced plans to launch a chain of upscale hotels with focus on physical health in Los Angeles and New York. “Our client has a lifestyle of high performance,” said the head of marketing for Equinox Carlos…
Great interest of Latinamerican investors in Hollywood and Hallandale Beach
Just 10 minutes north of Miami, by the beach, there are the cities of Hollywood and Hallandale Beach, which have become one of the most prosperous areas of South Florida not only for its proximity to the Atlantic Ocean but because of its everyday dynamic and family friendly environment. Characterized…
In December, Prices For Homes In Miami Rose The Fastest Nationwide
Home prices in Miami rose faster than any other major U.S. city in December, according to the S&P/Case-Shiller Home Price released. Miami home prices rose 0.7% for the month. Nationally, home prices were down 0.1% on average for the month. For the full year 2014, Miami ranked second nationwide…
Related Group CEO Jorge Pérez in his own words on Miami’s economy
Miami’s most prolific condo developer, Related Group CEO Jorge Pérez, is understandably optimistic about the local economy’s future, yet he sees several challenges that must be overcome to make the city a more attractive place to live. “Miami is one of the top cities for…
Miami Site On Edge Of Overtown And Wynwood Sold For $16M
Last traded for $1.63 million in 2004, the seller got a big return on investment without building on the 2.5-acre site.
Amicon tapped to build Lord Balfour expansion
The owners of Miami Beach’s Lord Balfour hotel have hired Amicon Construction to head their expansion plans.
Eidico, the firm formed by the Argentine developers who own the Lord Balfour, is planning to…
J Cube Development lands $10M for Wynwood sites
Remy Jacobson of J Cube Development closed on a combined $9.75 million in financing for two Wynwood properties, real estate investment firm Aztec Group announced on Thursday. The first $6.25 million loan is for a 26,76…
Verzasca breaks ground on two Bay Harbor projects
Verzasca Group has broken ground on Pearl House and the Le Jardin Residences, its two boutique condo projects in Bay Harbor Islands. Pearl House was the first announced project by the Russian development team in the United States.
Related’s Auberge Residences wins board approval
Miami’s Urban Development Review Board on Wednesday afternoon signed off on Related Group’s three-tower mixed-use project at 1400 Biscayne Boulevard. Board members unanimously approved several design waivers the developer sought for the 2.8 acre project…
Paseo de la Riviera heads to Coral Gables commission
Paseo de la Riviera, a proposed mixed-use project in Coral Gables, drew heated controversy at a packed planning and zoning meeting Wednesday evening, before board members voted to send it to the city commission without a recommendation. If anything typifies Coral Gables…
SoFla still second highest for foreclosures in August
Despite a strengthening housing market, South Florida reported the second highest foreclosure rate in the country during August. A new report from RealtyTrac said that the Miami metropolitan area, which covers Miami-Dade, Broward and Palm Beach counties, had a foreclosure rate…
If You’re Against EB-5 Funding, Read This
“We should be realistic when discussing the EB-5 program.”
Why This Old MF Sold for Such a High Price
Regency Major Apartments was built in 1969, but these factors drove a hefty price tag for a nearly 50-year-old asset.
Flashback Photos of Pan Am in Miami
On Oct. 28, 1927, a small wood-and-fabric plane rolled down a dirt runway in Key West, lifted off and headed for Havana to make the first scheduled international flight of a U.S. airline. It was made by a fledgling firm called Pan American Airways. Though it would later be based in New York City, the airline’s links to South Florida…