Brickell City Centre Could Pave The Way For Taller Towers In The Downtown Area
Taller towers could be in store for downtown Miami, following the Federal Aviation Administration’s decision to approve Swire Properties’ One Brickell City Centre last week. A height limit that had restricted towers in the area to 1,010 feet is being lifted to 1,049 feet. Swire had initially proposed to build a tower that reached…
Related Group nabs $118M condo construction loan for Miami tower
An affiliate of the Related Group obtained a $117.5 million loan to help it finish construction of the ONE Paraiso condo tower in Miami’s Edgewater neighborhood. The waterfront tower at 600 N.E. 31st Street broke ground in December. In late June, Related Group affiliate Thirty-First Street Property Owne
More funds flow for Tri-Rail downtown link
A link to bring Tri-Rail passenger service to downtown Miami is a “no-brainer,” supporters said as the proposal garnered another promise of cash last week. Miami city commissioners met as the board of the Omni Redevelopment District Community Redevelopment Agency (CRA) on a proposal to…
1060 Brickell Withdraws Appeal Of Ugo Colombo’s Brickell Flatiron
1060 Brickell’s condo association has dropped an appeal that had challenged approval of the Brickell Flatiron condo project. In a letter to the Miami’s Planning & Zoning Department, the president of the condo association wrote that the appeal had been withdrawn. Becker & Poliakoff, a law firm that had been hired by the association…
Security Building in downtown Miami sold for $23.5M
The 47 office condo units in the Security Building in downtown Miami were sold for $23.5 million. Metro 1 Commercial’s Tony Arellano represented seller Capital Loft Miami, managed by Guy Sharon in Aventura. Whitehall Realty’s Devlin Marinoff represented the buyer, a partnership between Daniel Gohari, Rory Greenberg…
Addison House signs for space in Miami’s Design District
Upscale furniture retailer Addison House has secured a long-term lease among the luxury tenants of Miami’s Design District for its third South Florida showroom. The brand’s newest store is expected to open at the corner of 36th Street and North Miami Avenue in the spring of 2016, said CEO Max Alcalay.
Military Museum takes heavy state fire
The South Florida Military Museum suffered another setback last week when Gov. Rick Scott vetoed $1 million in state funding that would have allowed it to finally open its doors, said Anthony Atwood, a Navy veteran who has led the fight to open the museum since 2007. Work will continue on equipping…
REIT acquires majority stake in The Ritz-Carlton Fort Lauderdale
Carey Watermark Investors Inc. said Wednesday that it acquired a majority interest in The Ritz-Carlton Fort Lauderdale in a joint venture with RCFL Holdco LLC, an affiliate of owners Gencom. Carey Watermark said the transaction marks its third joint venture purchase with the Gencom family of companies, following…
Island mega-marina’s fluid situation
The city and county are working together to get water and sewer lines to mega resort and marina Island Gardens, under construction on city-owned Watson Island. Last week, without fanfare or a word of discussion, Miami commissioners approved an agreement with Miami-Dade County to bring public water…
Firm to monitor Miami Worldcenter hiring
The Southeast Overtown/Park West Community Redevelopment Agency has hired a $430,000-a-year consultant to monitor minority job creation at Miami Worldcenter. The developer will pay the bill, said Clarence Woods III, CRA executive director. The mammoth mixed-use property in Park West is to get tax…
Looking to define trends in Miami’s shifting condo market
You can’t spot a trend on day one. A deviation becomes a trend only if it lasts awhile. Otherwise, it’s just an anomaly, a blip on history’s radar. That’s what economists said last week when we tried to assess a jobs record in Miami’s financial sector of 78,500, up…
Staybridge Suites hotel proposed in Miami
A 175-room Staybridge Suites hotel has been proposed for a vacant site in Miami. Germantown, Tennessee-based DAN Trust submitted plans for the 12-story, 31,000-square-foot project, at 19680 W. Dixie Highway, last week. The plans include 9,000 square feet of meeting space, 8,396 square feet of retail and eight townhouse units.
Jeremy Mikolajczak: Making Miami Dade College’s museum prominent
Having grown up in the Midwest and worked for several museums there, Jeremy Mikolajczak was thrilled to arrive in Miami almost four years ago and become the first executive director and chief curator of the Miami Dade College Museum of Art & Design. It’s wasn’t just escaping the long…
How urgent are urgent care facilities?
Urgent care facilities that offer walk-in care for everything from scraped knees to diagnostic tests are a hit with consumers, but one major hospital system hopes a contrarian move will pay off for the institution and its patients.
With 17 urgent-care facilities and 14 diagnostic centers from…
Bay Harbor condo project to proceed after historic designation lifted
The Miami-Dade County Commission overturned the historical designation of a 57-year-old building in Bay Harbor Islands, which should allow a condominium redevelopment project to advance. P3 Investments wants to demolish the 35-unit Bay Harbor Continental co-op building at 1135 103rd Street and build a seven-story condo with 28 units. Italian design firm Pininfarina is the architect on the proposed $100 million project.
Jackson Health System Purchases Land for New Location
Jackson Health Systems, a Florida-based healthcare provider, acquired 27 acres at 7800 NW 29th St. in Miami, FL from AAAA Universe LLC for $38.5 million. The buyer plans to construct a new hospital facility at the site, which is currently improved with a 180,000-square-foot…
The property was purchased for $17,600,000.
Miami-Dade commission approves funds to extend Tri-Rail to downtown Miami
The Miami-Dade County Commission unanimously approved on Wednesday night its share of funding to bring Tri-Rail passenger trains directly to the All Aboard Florida station in downtown Miami. Riders of Tri-Rail in Broward and Palm Beach counties currently need to transfer to Metrorail in Hialeah to reach downtown Miami…
Phillips Point Towers Sold for $245.5M
Colonnade Properties LLC and The Prudential Insurance Company of America have sold the Phillips Point office towers at 777 S. Flagler Dr. in West Palm Beach, FL to AEW Capital Management for $245.5 million, or about $554 per square foot. The East Tower is 18 stories with 216,787 square feet and…
New York investor spends $33M to buy block on South Beach
A company hled by New York developer Eric Birnbaum spent $32.75 million to assemble a full block of Washington Avenue on South Beach. Washington Squared Owner, a company led by Birnbaum, executed five deeds over the past week to acquire property from 601 to 683 Washington Avenue – the entire block between Sixth and Seventh…
More controversy as Broward looks to begin $800 million school construction program
The controversy surrounding the Broward School District’s $800-million bond construction program continues with an allegation of another Sunshine Law violation, and a question as to why the same company was ranked first for two offsetting contracts designed…
Preservation Watch: The Miami Beach Women’s Club’s Spectacular Restoration
In late 2012, Curbed Miami published a series of photos from the Wolfsonian Museum of the exterior and interiors of the Miami Beach Women’s Club, a beautiful but forlorn structure covered in dust on 24th Street and Pine Tree Drive. But it was…
Resorts World Watch: Construction cranes are onsite at…
Construction cranes are onsite at the huge and barren Resorts World Miami megaproject property downtown. If these were a sign that the project was finally moving forward it would be huge news but, as The Next Miami notes, they’re probably just there to fix the seawall. Genting filed construction…
Archicritics: Alastair Gordon, architecture critic to…
Alastair Gordon, architecture critic to the Miami Herald, gives his take on the planned renovations of Lincoln Road as envisioned by James Corner Field Operations, in a piece that yes Curbed will admit was more diplomatic than ours. Gordon also touches on the ideas to expand Lincoln’s pedestrian…
Worldcenter To Break Ground In The First Week Of August
In recent days, crews have been installing temporary fencing while removing asphalt from the surface parking lots that will become the project site.
4 More Ways to Wring More Value From CRE
“We have to deal with real-world problems, rather than evaluating management teams from afar as many stock and bond portfolio management teams do.”