May 05, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News May 5, 2015

Keyes Commercial Real Estate

Keyes Commercial Real Estate

Codina Breaks Ground On 2020 Salzedo, A 213-Unit Rental Project In Coral Gables

In Coral Gables, developer Armando Codina has commenced construction on 2020 Salzedo.  The project will include: 213 apartment units in a 16-story tower; 53,452 square feet office space in a six story building; 4,334 square foot retail space; 566 parking spaces in a seven story garage.  Codina is asking $45 per square foot…

Sky’s the limit on land prices

Land-hungry developers from around the globe are buying up sites in Miami-Dade County for tens of millions of dollars per acre, spurring record sales.  Among the sky-high prices: nearly $75 million paid for 2.4 acres in Brickell, $64 million for 7.4 acres in Miami’s Arts & Entertainment District, and $75 million for 4.5 acres in…

Proposed Alton Road Crescent Heights Wave condo project to expand

A fifth building is being added to Crescent Heights’ Wave condo project in South Beach, by the Alton Road flyover.
The design of the proposed 60-foot tall, 96,105-square-foot condo at 659-737 Alton Road will be presented…

The Great Outdoors: Donald Trump Trumped for Crandon Park Golf Course Bid

Donald Trump has dropped his unsolicited bid to revamp Key Biscayne’s Crandon Park public golf course, having noticed that tides at the city had seemed to turn against the plan. Trump had offered $10 million in upgrades in exchange for a 99 year license to operate the course, with…

Donna Shalala Rekindles Discussion of Hurricanes Playing in Beckham’s New Stadium

The Miami Hurricanes play in a professional stadium that’s probably twice as big as what they need. David Beckham has a proposed MLS franchise that needs a new, smaller stadium of its own to call home. It’s been apparent to some any new stadium should be a mid-sized building that could fit both teams.

Miami Loop: Linking together the proposed Underline,…

Linking together the proposed Underline, Ludlam Trail, and Miami River Greenway with a fourth section that runs from the Miami River to the Ludlam head, south of Miami International Airport, and a complete-loop is created which could be the basis for a network of bicycle and walking trails around Miami…

Judge Tosses Lawsuit Over Retail Center Next To Lincoln Road Church; Construction Could Begin In Weeks

A developer has been cleared to begin work on a new retail center next to Lincoln Road’s historic church, after a Dade judge dismissed Miami Design Preservation League’s lawsuit this week that challenged the approval process.  The legal battle may not be over, however. MDPL’s Daniel Ciraldo told TNM that the League may…

Rendering Reveal: New Renderings, Developers, Name for ‘Boulevard 57’ Condos

The boomerang-shaped condominium planned for Biscayne Boulevard and 57th street that was designed by Sieger Suarez has a new name: Boulevard 57, and is launching sales September 1st. The 107 unit building will be developed by its owners, Unitas Development Group, instead of former management firm…

Homestead Office Building

This building features 11,500 sq. ft. office space on two floors located at 704 Washington Avenue in Homestead, FL. The property is for sale or for lease. For more information on this property and other available properties, please contact Ed Redlich at 786-433-2379.

Construction Accelerates At 51-Story Biscayne Beach, Where 95% Of Units Have Been Sold

With Miami real estate prices on the rise and inbound investment pouring into the market at record pace, East Edgewater newest luxury condominium is moving onward and upward. Vertical construction at Biscayne Beach, a 51-story waterfront tower located at 711 NE 29th Street along Biscayne Bay, is well underway…

CocoWalk sells to Federal Realty, local partners for $87.5M

CocoWalk changed hands on Monday in a deal valued at $87.5 million, amid plans to redevelop the center with a new tenant mix.  Federal Realty Investment Trust, based in Rockville, Maryland, purchased an 80 percent interest in the 198,000-square-foot outdoor shopping center in Coconut Grove

 

Commercial firms embrace Instagram

From the New York website: Residential brokerages awakened to the benefits of Instagram ages ago. But recently, commercial firms have begun harnessing the power of snapshots to promote their brands, too. CBRE Group, JLL and Cushman & Wakefield have all…

Sales heat up in area from Wynwood to Design District

A vacant lot west of Midtown Miami has sold for $980,000, The Real Deal has learned, as demand for the formerly forgotten area between Wynwood and the Design District heats up.  The developable, 7,980-square-foot parcel, at…

Vacant 6-acre Miami River site on the market

A development site along the Miami River is on the market, Cushman & Wakefield announced on Monday.  The 6.3-acre vacant land, at 1001 Northwest Seventh Street, has more than 1,000 feet of river frontage, and is one of the largest…

Swing and a miss: Trump drops proposal to manage golf course

Donald Trump has reportedly backed out of his offer to renovate and manage the Crandon golf course on Key Biscayne.  Trump proposed a $10 million makeover for the course on his dime, in exchange for a 99-year contract where he would manage the golf course.

Baptist picks up Coral Gables office building for $12.5M

1500 Monza Avenue in Coral Gables.  Baptist Health South Florida added to its Coral Gables assemblage of properties with a $12.5 million purchase, according to Miami-Dade County records.  Park Place Centre LLC sold one of two buildings in Coral Gables, near a Whole Foods and Publix supermarket…

Co-working space WeWork opening in Miami Beach in July

WeWork, a New York-based company that operates dozens of co-working spaces in three countries, will open its first venture in South Florida this summer.  And, when WeWork does open, it will have a “pool party” and beach-goer ambiance, according to Karen…

Key Biscayne Dukes it Out With Miami Over This Site

The City of Miami wants to convert the public waterfront land to year-round commercial event space, which would include the Boat Show. Key Biscayne’s major doesn’t think that’s such a good idea.