Design District land prices soar
Commercial land prices have gone sky high in the Design District over the past year or so, industry experts say, because it’s finally becoming a destination. There was talk among developers a while back that this small Miami neighborhood – about 10 square blocks – could never be an area of the city where people would…
Casino won’t gamble on construction now
As owners await new Florida gambling legislation, it will probably be another year or more before commercial land across the street from Magic City Casino in Miami sees a construction crane. That’s the assessment from Isadore Havenick, vice president of political affairs for Magic City Casino. The vacant parcels have been used…
Miami design board to consider big projects in Midtown, Wynwood
Two major projects in Midtown and Wynwood will go before the city of Miami’s Urban Design Review Board on May 20 for approval. A hotel with retail and office space has been proposed on the north side of the Midtown Miami retail center. Aventura Hotel Properties, a Miami-based company managed by Francisco…
RREEF Pays $111.6M for Miami’s 800 Brickell
Codina/Carr file plans for 150 apartments in West Kendall
CC Residential, led by Armando Codina and James Carr, filed an application for the second phase of their apartment project in West Kendall. The Coral Gables-based developers are already building 396 apartments at the southeast corner of Kendall Drive and Southwest 172nd Avenue. The second phase would be on the west side of the property.
Doral becomes high-end office haven
The West Dade office market, which years ago comprised buildings near Miami International Airport with small pockets near Dadeland and Kendall, now has coalesced around the Doral area, observers say, where class A space is in strong demand. “We have the only true class A building in Doral,” said Masoud Shojaee, president…
Parking Palaces: Eight-Story, Art-Covered Parking Garage Planned for Wynwood
Goldman Properties wants to build an eight-story parking garage in Wynwood that would be covered in big murals. According to renderings that dropped on The Next Miami, the building looks big and blocky, with sort of black and white, also blocky, murals dressing up the facade. A little color…
Kendall Regional Medical Center proposes expansion
Comment of the day: “This project [The Miami Beach Convention…
“This project [The Miami Beach Convention Center Hotel] fails on a number of levels – I’m in a rush, so: 1. Its massively out of proportion with its environment. 2. It situates its mass (towers) on the street side of the project – if it were rotated 180 and the height was pulled back from 17th…
Beach offices win in niche environment
Miami Beach’s office market is evolving along with the city itself, say brokers who work there. “Miami Beach was one of the pioneers of walkability and urbanism,” said Tere Blanca, founder, president and chief executive officer of Blanca Commercial Real Estate Inc., who has two floors of an iconic building at 605 Lincoln Road…
It isn’t easy being green: Icon Bay Park is Almost Finished
The Related Group has almost finished building the City of Miami’s Icon Bay Park, and you know what, it’s looking pretty darn green. The nice, roomy waterfront pocket park with a condo tower on top, held up by piloti, would make the great French architect Le Corbusier very proud. Isn’t this pretty…
Local Investors Nab Retail Site Off Of US 1 In Miami
The 6,000-square-foot building sold for $4.25 million — three times the price the 19,000-square-foot lot last sold for in December 2012.
Vote paves way for Bass Museum to expand
The Bass Museum of Art on Miami Beach will close Sunday until fall 2016 to increase programming space by 47.5% on its existing footprint with a $7.5 million city grant. The Miami Beach Historic Preservation Board voted 6-0 Tuesday to approve the partial demolition, renovation and expansion of the two-story structure at 2100 Collins Ave.
How Developers Should Respond to New Energy Codes
TLC Engineering for Architecture’s Al Lapera tells GlobeSt.com’s Jennifer LeClaire the key for developers achieving the required goals is energy modeling under new, stricter codes in part two of this interview….
Will This Aventura MXD Win With Tenants?
You don’t see a lot of development in Aventura anymore—or a lot of significant trades. How will this mixed-used development fare?