PortMiami Awarded $33M In Improvement Grants
The State of Florida has awarded PortMiami $33 million in grants to be used for port improvements in the next five years. Such improvements are deemed necessary as the effects of the Panama Canal expansion start being felt with the arrivals of ever larger ships. PortMiami is the US container port…
Financing of last resort
Property Markets Group received a condo inventory loan secured by unsold units at Echo Aventura. From the October issue: Facing an uncertain sellout period, some condominium developers will borrow against their inventory of unsold units. Condo inventory loans are typically high-interest-rate…
PortMiami Receives $33 Million From State For Expansion
The grant will be invested into additional Neopanamax cranes, cargo terminal yard upgrades, inland intermodal facility development and funding for a megafacility capable of processing more than 5,000 cruise passengers at once.
Rumor: Lincoln Road’s Regal South Beach Theater Could Be Closed, Redeveloped
It is a possibility, according to a memo from Miami Beach commissioner Kristen Rosen Gonzalez: Please place on the November 9, 2016 Commission Meeting agenda, a discussion item regarding the rumored sale and redevelopment of the Regal South Beach Stadium 18 & IMAX at 1120 Lincoln Rd. This potential loss, if substantiated, would be a detrimental loss to Lincoln Road.
Contractors return to Echo Brickell as new details emerge on incident
Work has resumed at the unfinished Echo Brickell luxury condo tower as of Monday, nearly two weeks after a scaffolding collapse left five injured and one dead. And while the Occupational Safety and Health Administration is still in the midst of an investigation, a new memo from the city of Miami sheds light — and raises questions — on what caused two platforms loaded with building materials…
Brickell City Centre shops opening Thursday with Saks and a dozen stores
Years in the making, Brickell City Centre’s open-air retail center is launching on Thursday, bringing 500,000 square feet of new retail and restaurant offerings to Miami’s urban core. Yet due to construction delays, only anchor tenant Saks Fifth Avenue and about a dozen of the 120 planned stores will open initially, as the rest of the shops and eateries rush to complete their space in time for the holiday season.