Miami-Dade commission grants first approval for American Dream Miami project
If the first public hearing for American Dream Miami is an indicator of what’s to come, the developer of the largest proposed mall and theme park project in North America is in for a long battle. After slogging through nearly seven hours of testimony from representatives for developer Triple Five Group, its competitors, municipal officials, tourism boosters and residents, the Miami-Dade County Commission voted 11-1 to approve a comprehensive master plan amendment, changing the designation for the 194.5-acre development site…
Kermit Baker, Chief Economist at the American Institute of Architects (AIA), discusses the potential impacts a Trump administration on the economy and commercial property / commercial real estate, with Michael Bull on the Commercial Real Estate Show. The post Video: AIA Chief Economist Kermit Baker…
Doral Considering Proposal To Build More Apartments
About 250 apartments may be coming to Doral. Developers placed an item on Wednesday night’s zoning meeting agenda asking that the city approve the rezoning of 10 acres of land — currently a plant nursery — from “general use” to “planned unit development.” The item was ultimately deferred to March’s zoning hearing. The date has yet to be determined.The land is located north of Northwest 41st Street and between 107th and 109th Avenues. If the rezoning is approved, the complex is expected to include 250…
Miami’s Little Havana is named a ‘National Treasure’
A long-term planning process for the historic area launched today Little Havana, one of Miami’s most historic neighborhoods, was just named a National Treasure by the National Trust for Historic Preservation, with a long-term planning process launching today designed to “ensure that Little Havana…
Deepak Chopra, wellness firm ink deal with PMG for “healthy” residences
New Age and alternative medicine advocate Dr. Deepak Chopra is partnering with a wellness firm to launch health-oriented packages for Property Markets Group’s condos in South Florida. Chopra, a sometimes controversial celebrity health guru, designed the finishes for units at Muse Residences in Sunny Isles Beach, a 49-story tower that PMG and co-developer S2 Development will deliver next year. The wellness firm, Delos, founded by former Goldman Sachs partner Paul Scialla, is designing the wellness…
Developers close on land, begin on $125M distribution center in Pembroke Pines
Rendering of Pembroke Pines distribution center. Inset: Scott Helms. After closing on its 60-acre development site in Pembroke Pines last week for $14.25 million, joint venture partners Core5 Industrial Partners and Helms Development are moving forward with their plans for a distribution center that…
Study: Miami’s Condo Market Is Plummeting
It’s really difficult to be the bearer of more bad news this week. Progressives have woken up every day this week in a state of panic, crawling out of bed to check their news feeds, only to get the wind knocked out of them upon reading President Trump’s newest slate of racist executive orders that seem all but designed to stir global unrest and disaster. Trump is certainly a threat to Miami. But according to a study released yesterday, so is the city’s condo market. The study, by Andrew Stearns, a real-estate analyst…
$3B American Dream Miami Megaproject Receives First Dade County Approvals
The Miami-Dade County Commission voted 10-1 for preliminary approval of American Dream Miami, a proposed $3 billion “retail theme park” in northwest Miami to be developed at the Florida Turnpike and Interstate 75. The proposal by Triple Five Group, a Canadian development firm owned by the Ghermezian family, would create the largest mall and amusement park in North America, with a nearby mixed-use commercial center developed by Graham Cos. The project now goes back to state authorities…
Video Discusses How Real Estate Disrupters Will Create Opportunities in Commercial Real Estate
In this brief video, Joi Mar Real Estate Analytics Analyst with Green Street Advisors, explains why long-term disrupters (of society at large) like driverless cars and online education are not being reflected in operating fundamentals and values. Similar to the evolution of online commerce, “real…
In this video, Dr. Larry Souza, Senior Investment Advisor with Pillar 6 Advisors, a San Francisco based a full-service wealth advisory firm specializing in experiential financial planning, discusses a number of potential effects, good and bad, of a Donald Trump administration on commercial real estate…
Armani Residences: 2017 started with the best energies for this expected project!
The first branded residential tower in the United States is already being built, increasing the reasons to invest in Miami. We are talking about the Armani Residences, created by the prestigious Italian designer Giorgio Armani. For many years he has covered an important portion of fashion market and…
New flood-prevention project will raise streets by 2 feet in central Miami Beach
Construction crews may break ground by fall for a new $100 million flood-prevention project that will raise street elevations an average of two feet in the La Gorce and Lakeview neighborhoods of Miami Beach. The City of Miami Beach expects by summer to award construction contracts for the project, one of several the city has undertaken to protect people and property from sea level rise and increased flooding. The project, scheduled for completion in 2019, involves not only raising streets but also installing pumps…
The Pritzker Prize, every day closer to Miami!
When it comes to Architecture, there is countless talent who work day by day to print a personal stamp on their amazing works. The Pritzker Prize it’s considered the most prestigious award that can join the trajectory of an architect. It’s awarded since 1979 by Hyatt’s Foundation…