Developer Announces Plan To Build Nation’s Largest Mall And Theme Park In Miami
Developer Triple Five is proposing to build a mall near Miami Lakes that could be the largest in the U.S. In addition to the mall, the project would include a theme park with simulated ski slopes, an ice skating rink, a legoland, submarine rides and sea lions. It would cost as much as $4 billio…
Worldcenter To Begin Construction ‘In Four Or Five Weeks,’ Largest Project In Miami History
Construction on Miami Worldcenter will begin in four or five weeks, a representative of the developer said last week. The announcement came as Miami commissioners approved a second reading of the Worldcenter development agreement at a February 26 meeting. The vote was necessary due to a lawsuit by…
Four New Lobbyists Registered Yesterday To Represent Resorts World Miami
Four lawyers registered yesterday (March 4) with Dade County as lobbyists representing Genting’s Resorts World Miami. Javier F. Aviñó, a Partner in Bilzin Sumberg’s Land Development & Government Relations Group, Albert E. Dotson, Jr., a Bilzin Sumberg partner w…
Miami Moves Up In Ranking Of Most Important Cities For Ultra-Wealthy As Chinese Move In
Miami has moved up in the closely watched Knight-Frank survey of cities that are most important to ultra-high-net-worth individuals. In the survey, Miami ranks sixth in the world, compared to a seventh place ranking in 2014. In the western hemisphere, only New York ranks higher. The report…
Revenge of the megaprojects: The Country’s Largest Mall Could Be Coming to Miami
Added to the laundry list of malls under construction, about to go under construction, or in major expansions (Brickell City, Miami Worldcenter, Aventura Mall, the Design District, etc. etc.) is the biggest, most ridiculous one of all. The Miami Herald reports that the owners of the Mall of America…
Lots o’ slots: Oh mama, the Resorts World…
Oh mama, the Resorts World Miami casino battle is back on! A bill that sounds like it’s basically designed just for Genting’s Resorts World and maybe one or two other megacasinos in South Florida has been introduced in the State legislature, and includes extensive provisions, like a $2 billion mini…
Ten Reasons it is Better to Live in Miami than New York
Last week we mentioned the longstanding tradition of Miami-New York migration while complaining about the relatively new interloper in that situation, Los Angeles. But we didn’t want you to get the idea that we approved of life in New York City. Oh, far from it…
Houses of the Holy: Biscayne Boulevard’s Church-Topping Tower is A Go Go
Biscayne Boulevard’s giant church-topping-tower is a go go, having received historic preservation board approval, in only slightly less bad form than before. The parking garage that’s suspended over the church is being set back a little, which makes it look like a little less like it’s about to…
Drones: While some municipalities across the…
While some municipalities across the country are freaking the fuck out over drones, Miami-Dade County wants more, and is establishing a “drone and robotic hub” at the Miami Executive Airport out in Kendall. It’s mostly a marketing push, but it’s meant to encourage airborn innovation to go to a part …
Lifestyles of the Rich and Richer: The Miami River Commission has…
The Miami River Commission has approved an updated plans by architecture firm Bermello Ajamil & Partners for the Miami Mega Yacht Marina, now called SeaVault. The project now contains births for 14 mega yachts instead of 16, with living quarters for captain and crew and secured vehicle parking a…
National Commercial Real Estate News Roundup For March 5, 2015
2014 brought strong SW Florida commercial markets, Chase explores consolidating operations in a new skyscraper in the DFW area, U.S. office investment hits 7 year high: It’s all here in the Commercial Real Estate News Roundup for March 3, 2015
Miami’s Brickell Among Most Expensive Office Markets In Americas
Brickell ranked 10th with average rent of just over $50 per square foot…
Developer wants to build largest mall in U.S. near Miami Lakes
The developer responsible for Mall of America in Minnesota, currently the largest mall in the United States, is planning to outdo itself in Miami. Dubbed American Dream Miami, the mall would double as a theme park with simulated ski slopes, a Legoland…
New Terranova buildings geared to expand Lincoln Road district
Terranova Corp. is developing two new three-story buildings near Meridian Avenue in Miami Beach, bringing additional retail stores and a rooftop restaurant to the Lincoln Road area, Chairman Stephen Bittel told The Real Deal. The new sites, at 723…
Peebles sells oceanfront resort in Florida Keys
Peebles Corporation just sold a resort in the Keys to a Maryland-based hotel brand. Baywood Hotels, which owns four hotels in South Florida, purchased the 80-room Key Colony Bay Resort for an undisclosed amount. The oceanfront resort, which sold o…
Jeff Greene picks up 29.5 acres of industrial property in Palm Beach County
Billionaire real estate investor Jeff Greene just scooped up 29.5 acres of industrial property in unincorporated Palm Beach County next to Florida’s Turnpike for $7.1 million. The property is made up of two vacant lots stacked on top of each other at 1501 Meathe…
Allegiance Crane rental company expands to 45K sf in Fort Lauderdale
Allegiance Crane, a crane rental company, has expanded to a second location in Broward County, commercial realtor Sperry Van Ness announced Thursday. The company will split 45,000 square feet between office building and warehouse at 1700 to 1800…
Developer repositions Boca Raton country club condos
Plans for Florida-based developer Richard Siemens’ high end condos at Boca West Country Club now include more condos — some of which will be less than $1 million. Construction on Akoya at Boca West will begin this month, the Sun Sentinel reported. The …
Preservation board endorses revised plan to build garage on top of historic church
Miami’s historic preservation board has given its blessing to developer Fifteen Group for its proposed rooftop garage suspended over the Christian Science church on Biscayne Boulevard. Fifteen Group first approached the board a month ago with its plan…
Flashback Friday: Miami Beach High History in Photos
Miami Beach Senior High began life as Ida M. Fisher High School — named after developer Carl Fisher’s mother — in the heart of South Beach on Drexel Avenue in 1924. It was later renamed Miami Beach High School and was moved to Prairie Avenue. Designed by August Geiger, Miami Beach High is the second-oldest high school…
Related’s $7.4M affordable housing project opens in Miami
Related Group’s affordable housing division celebrated the grand opening of a 7.4 million affordable housing community in Miami’s Shenandoah neighborhood Thursday morning. Edificio Piñeiro, an affordable elderly rental building developed by…
Strategic Advice for Young CRE Professionals
Miami –“With the commercial real estate market strengthening, the timing is right for younger professionals interested in growing their careers in the real estate field,” JLL’s John Gilbert tells GlobeSt.com’s Jennifer LeClaire in part two of this exclusive interview….
Michael Grunwald on Jeb Bush and the Everglades …
As a first-hand participant and environmentalist during the Jeb Bush terms, it’s my observation that the key point about Jeb Bush gets made by Mike Grunwald but somewhat diluted in his analysis: that Jeb Bush does not tolerate dissent, that his decisions on the environment were based on pre-determin…
This is an important announcement from 1000 FoF. If you have time today, please call your state legislator.The House of Representatives is expected to vote tomorrow (Thursday, March 5) on House Bill 7003, a massive 94-page water resources bill which has drawn concerns from 1000 Friends and its…
Ecobus: Bringing Urban Agricultural Living to Wynwood
I stand in a lot just off NW 5th Avenue on the outskirts of Wynwood, a low-lying greenery extending from the curbside and wrapping around the block toward residences and billboards. There’s plenty of grass, Spanish nettle, and piles of mulch dotting the landscape, but the battle against the typical urban refuse…
Perez Makes a Billion More
2014 Was the most profitable year ever for Related Group, helping Jorge Perez to increase his net worth by over 50%, Forbes wrote. The magazine’s latest survey of billionaires lists Perez’s net worth at $3.1 billion. Just 12 months ago, the magazine estimated his worth at $2 billion. In 2013 he was valued at $1.2 billion…
Embattled SooWoo Miami Beach Now Closed
Well that was quick. Only open for about three months, SooWoo Miami Beach has officially closed according to Miami.com. Tuesday evening was the restaurant’s last night of service with tables and chairs already removed from the premises by this morning, says the…
A Battle Over Development in Shorecrest
Two dramatically different visions of what constitutes an ideal urban community are at the heart of the latest battle over development along the Upper Eastside…
Comment by Richard Grosso, long-time attorney for the public interest: “Those willing to put profits or campaign contributions over restoring south florida’s drinking water, flood protection and ecological needs have been claiming that they will only act on “science”. The day before session begins a…
If you have time and interest this weekend, check out efforts by citizens, civic activists and land use planners to create a unique linear park in one of the most under-served areas of the county. Their plan depends on cooperation by one of America’s biggest hedge funds, Fortress Capital whose top
Site of the American Dream Project in Red -It was recently put inside the UDB line. I am pretty sure Julio Robaina owns some of this land.Now the Chinese is from the Chairman of Triple 5. It says “You dummies in Miami w…