Apr 09, 2015 - 0 Comments - Top Stories -

April 10, 2014 Miami Area Commercial RE News

Downtown Miami Commercial BuildingsMiami to vet cost of Tri-Rail link downtown

City officials plan to re-evaluate the price tag to expand Tri-Rail to downtown Miami, Mayor Tomás Regalado said.  The $69 million cost was estimated in talks among the South Florida Regional Transportation Agency, Tri-Rail’s operator; All Aboard Florida; the company that owns All Aboard’s rail corridor; and the Florida Department…

Mindboggling Reveals: Wynwood’s ‘First True Mixed-Use’ Building Will Have 101 Underground Parking Spaces

Goldman Properties has proposed ‘Wynwood’s first true mixed-use ground up building’ for a site at 2700 NW 2nd Avenue that would contain 72 residential units, 68 hotel rooms, a little more than 11,000 square feet of retail, a little less than 50,000 square feet of offices, and large panels on the…

Developer Terra buying Miami city garage

A city-owned parking garage in Coconut Grove is being sold to a well-known developer for $16 million.  The Miami Parking Authority built and owns the Oak Avenue Garage. On April 1 the city’s Off-Street Parking Board agreed to sell it to Terra World Investments LLC.

Dacra leasing new Design District phase

Bal Harbour Shops just a few years ago was Miami’s ground zero for luxury retail brands, but that has changed. About 18 months ago, pioneering real estate developer Dacra, in partnership with L Real Estate, began plans for Miami Design District, a low-rise shopping enclave that features pedestrian promenades…

Blockbusters: The Most Expensive ‘Tiny’ Home in America is at the Setai

When the Wall Street Journal officially bestows Miami Beach as the city with the most expensive tiny home in America—that ‘tiny home’ being an 800 square foot pied a’ terre at the Setai that’s on the market for $2.5 million—even beating out that epicenter of tiny, ultra expensive…

Health firm leasing in ballpark garage

After a long stretch with no hits, the Miami Parking Authority has connected with a health care company that will bring medical services to the parking garages hugging Marlins ballpark in Little Havana.

Walmart Wars: Oh Good Lord, a Walmart SuperCenter is Coming to the Keys

Walmart is planning to build a 123,000 square foot SuperCenter as part of a 335,000 square foot shopping center on Rockland Key, just a hop, skip, and a jump up the Overseas Highway from Key West. (h/t: The Next Miami) Neighbors are, of course, concerned about traffic and affordable housing for…

Conversions Of Older Office Buildings Are Pushing Prices And Rents Higher

Older office buildings in cities including Chicago, Los Angeles and Miami are being bought for above their replacement costs, with conversion plans that include residential or hotel towers.

Senate Tightens Requirements for Construction Defect Claims

The Florida Senate is following a recent national trend of tightening its laws governing construction defect claims. Currently, under FL. Stat. § 558.004, entitled Notice and Opportunity to Repair, a party claiming a construction defect must serve a notice of claim upon the party whom they have…

Gold Coast Freightways leases Weston industrial building

Clarion Partners has leased its 230,600-square-foot, Class A distribution building in Weston to Gold Coast Freightways, according to CBRE, which arranged the lease.  Miami-based Gold Coast Freightways initially occupied half of the building at 3245 Meridian Parkway…

City pushes new Baywalk link

Miami’s growing improved baywalk could be extended to hug the FEC deep water slip and connect Museum Park to land beside AmericanAirlines Arena under a waterways project the city has floated.  The city commission has authorized a grant request that would help fund the bulk of the baywalk extension. It was one…

Century 21 Department Store opening at Sawgrass Mills

Century 21 Department Store will open at Sawgrass Mills this fall, marking the retailer’s debut in Florida and its first foray outside the Northeast.  The 85,000-square-foot store will serve as an anchor of the Sunrise shopping center as it continues to expand.

Hilton convention center hotel tops off in West Palm

The Hilton West Palm Beach convention center hotel topped off on Tuesday.  Miami-based Nichols Brosch Wurst Wolfe & Associates is the architect on the project, a 400-room, 12-story resort that will include 24,000-square-feet of meeting space and…

Avison Wins Mega Office Portfolio Deal

Avison Young just scored the largest Florida office leasing assignment in Florida in recent years. Get all the details…

Coconut Grove Grove retail in turnabout

When the Coconut Grove Business Improvement District began making retail analyses in 2013, there were 21 empty storefronts compared with just eight today, pointing to strong demand for what business leaders and tenants describe as a vibrant, increasingly desirable area.

Palm Beach County Commission allows project near Scripps

To make sure a giant regional headquarters could be built on a site off Interstate 95 and Donald Ross Road, Palm Beach County commissioners voted unanimously Tuesday to lift land-use restrictions that call for the site to be used for bio-science and biotechnology.