Jul 02, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News July 2, 2015

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…

IMC Property pays $13M for Kendall office/retail building

 

IMC Property Management acquired a 45,000-square-foot office/retail building in Miami-Dade County’s Kendall market for $13.08 million.  Galloway Development Group, managed by Agusto Gil and Pedro Camejo in Miami, constructed the building at 7190 S.W. 87th Avenue in 2009. It’s just off State Road 874…

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…

Chateau Group proposes 17-story office in Sunny Isles Beach

An affiliate of the Chateau Group wants to build a 17-story office building in Sunny Isles Beach.  Corner House LLC, led by Chateau Group CEO Manuel Grosskopf, has a pending application before the city to build the office tower at 18590 Collins Ave., on the west side of A1A. It would total 58,551 square feet, should the city approve…

Coral Gables Epicure Market to be replaced by furniture retailer Robb & Stucky

 

Robb & Stucky, a furniture retailer based in Southwest Florida, announced that it will new area showrooms and is actively seeking more locations in South Florida to expand.  One of the showrooms will open in the former space of the Epicure Gourmet Market & Cafe, which was confirmed closed last weekend, according to the Miami Herald.

Atlantic Commercial Group Reps Walmart For New 39,000 SF Supermarket In Davie

The project, which has been dubbed Pine Island Marketplace, will be anchored by Walmart Neighborhood Grocery, with approximately 39,000 square feet.

Restaurant Signs 10,000 SF, 20-Year Lease On Miami River

The new restaurant will be located near the former East Coast Fisheries.

CRE Rauch, Lupo, Robertson & Co. Leases Port Saint Lucie Medical Space to National Tenants

National tenants Hospital Corporation of America (HCA) and Brookdale Corporation have leased space at the new Lake Whitney Medical and Professional Park in Port Saint Lucie, FL. The medical buildings are located at 573 NW Lake Whitney Pl. and 291 NW Peacock Blvd; both are currently under consturction…

Stilwell Joins Konover South

Erika Stilwell has joined Konover South Development Corp. as a vice president of asset management in the firm’s Deerfield Beach, FL office.  Stilwell will be in charge of optimizing the value of the company’s commercial real estate portfolio.  With more than 18 years of experience, Stilwell was…

Fancy Offices: Office Tower With Sexy Pleated Facade Coming to Sunny Isles

The Grosskopfs have proposed a high-end (isn’t everything, these days?) office tower across Collins Avenue from the Porsche Design Tower in Sunny Isles Beach which will likely be approved by the city commission, reports the Next Miami. Designed by Arquitectonica, the 17-story tower will have a…

Parks and Recreation: The Wall Street Journal loves…

The Wall Street Journal loves all the ‘linear parks’ coming to Miami, focusing on the Biscayne Line section of the Bay Walk and the River Landing and One River Point sections of the Miami River Walk. What’s One River Point? Oh, that’s the new name of the Rafael Viñoly-designed tower in the…

Parks and recreation: River Landing Developing 1.5 Acre Park on County Land

Along with dooming the fate of the historic Bay Harbor Continental, Miami-Dade County Commissioners did something arguably more positive last night. They gave an acre and a half of Miami River-front land valued at over $4 million a nonprofit affiliated with the developers of the River Landing mega…

The Bay Harbor Continental’s Historic Designation Was Junked

In an 8-2 vote, Miami-Dade County Commissioners overwhelmingly stripped the Bay Harbor Continental, the first building in Bay Harbor Islands ever to be historically designated, of that designation. The architecturally powerful Continental…

Is An Investment Slowdown A Good Thing?

With so much capital in the market, a potential tapping of the brakes by investors could be a welcome change in the near future, said speakers at RealShare National Investment & Finance. Panelists on the “Power Panel: Direct From the C-Suite” session recognized the next phase of the…

Postponed: rezoning to allow for Design District expansion

A request to rezone residential land in Buena Vista in order to provide parking for the expanding Miami Design District was postponed indefinitely by Miami’s Planning, Zoning and Appeals Board on Wednesday night.  The reason: Miami Design District…

A Tale of Distressed Miami Retail

Talk about a dramatic distressed commercial estate turnaround. Less than 90 days after buying Royal University Plaza, one joint venture did this…

What’s Next Now That County Commissioners Junk Historic Designation in Bay Harbor Islands?

A developer triumphed in a long-running battle with preservationists after Miami-Dade County stripped a Bay Harbor Islands residential building of its historic designation.