Unique, Eclectic, and Forward Thinking: New Real Estate Trends in Miami
04 20, 2018
Elite Car Inspired Condos Collins Avenue is known for being the place to show off your rides: Lambos, Ferraris and Bugattis, so it seems almost natural that prestigious auto brands are looking to Miami for their latest lifestyle plays. The first luxury car inspired building was 1100 Millecento. It was completed in 2015 in Brickell. Related Group was inspired by Ferrari, Maserati, and Rolls-Royce and used that inspiration to bring a sports car feel to the 42 story tower. There are a few units available for purchase in the tower, including one starting at 500,000. From Ferrari-red elevator lobbies and…
Telemundo Launches their $250M New Global Headquarters
04 20, 2018
Telemundo launched its brand new global headquarters Monday, April 9th, 2018. The brand new and very futuristic company headquarters is now fully open for business. Telemundo is a Comcast owned Spanish network division. They revealed the new three-story, 500,000 square-foot headquarters during an opening ceremony in Miami - only 2 years after the announcement of its construction plans in February 2016. Telemundo invested over $250 million to build the new custom facility. The building sits on 21 acres and has 15 highly adaptive studios. The location also has two digital studies and virtual and augmented reality studios.The largest building on…
Live life on the Edge in the former Miami Beach Mansion owned by Al Capone
04 20, 2018
There’s a serious bang on the market, Miami Beach Mansion which once belonged to the original Scarface, the one and only Al Capone - $15 million big ones and this little piece of gangster history can be all yours. The mansion is composed of 30,000 square feet and located at 93 Palm Avenue. It’s made up of three separate buildings. Old school luxury is the name of the game when it comes to this property. 4 bedrooms, 3 and a half baths, a 2 story pool cabana, a whopping 6,000 square foot villa, and a guesthouse - which Capone…
Developers Reveal a Proposal for Three Projects in Wynwood
04 13, 2018
Sterling Bay, a big-time developer in Chicago, has submitted plans for three projects in Wynwood including a large mix-used office. The proposed project will be the first investment in Miami from the company. The development of the 10-story building will make up of 209,050 square feet of office space while the ground floor of about 28,436 feet is set aside as commercial/retail space. The building will boast 459-space parking garage. Gensler designed the building plan to include balconies for offices as well as 4,000 square feet of indoor and outdoor amenity space. The building will also feature a fitness center,…
Flying Cars? Paramount Miami Worldcenter Will Be Ready
04 13, 2018
The advent of flying cars is no longer a dream, but a closer reality. Dan Kodsi, a developer with the foresight to observe unfolding trends has revealed that Paramount Miami Worldcenter is adequately prepared to receive the first flying cars of Magic City. Hence, Kodsi has gone ahead of time to develop Miami's first residential skyport. The modification of the 5,000-square foot rooftop will ensure vertical take-off and landing of electric cars. What was once only a fictional concept, it's been considered by the industry as the solution for congested traffic and an answer to quicker daily commutes. “The future of transportation…
Tennis Star Rafael Nadal Proposes Tennis Academy In South Florida
04 13, 2018
Rafael Nadal, the world’s top-ranked tennis player and the winner of 16 Grand Slam titles, have decided to establish a tennis training academy in Boca Raton. As the first academy outside of his hometown in Mallorca, Spain, this would host student training and tournaments, with the possibilities of attracting sports tourists who would love to train with the tennis superstar. This proposal is still in its early stages, but the project would total 82,882 square feet in the first phase and 61,085 square feet in the second phase. The site proposal plan was submitted by Architect David Iglesias Serret in…
How These 3 Bal Harbour Condos Will Increase Your Quality Of Life
04 10, 2018
Bal Harbour Condos in Florida This neighborhood is one of the most popular residential destinations of the world. Located in Miami-Dade County, it’s a shining enclave situated at the northern end of Miami Beach which is also a high-end tourist destination. The blending of the tropical beauty with luxury and contemporary style makes Bal Harbour an exquisite location. The beautiful ocean view coupled with the white sand beaches makes it one of the most sought after destinations. For those who eye to own a prime property in Bal Harbour and enhance his/her quality of life, this is the place for…
Miami’s municipal government has plans to speed up the process for certain city permits, especially for those related to property improvement; such as building a shed in the backyard or installing a brand new door. Door installation has joined the ranking among work types that Miami warrants worthy of an expedited permit. Beginning on April 9th, Miami city employees will accept applications for specific types of permits. They will be accepted from one municipal department to another for their review as opposed to requiring property owners and hired contractors to do so. This new policy is intended to quicken the…
North Beach, the South Beach's quieter cousin, gets a referendum to increase the floor ratio approved
04 07, 2018
Matis Cohen is just one of many frustrated developers. Cohen has been investing millions of dollars buying low-rise apartments and commercial properties in North Beach since 2010. “To have a blighted area in Miami Beach is unfathomable,” Cohen stated. When asked why he chose to invest in North Beach to begin with, Cohen explained: “It’s a great opportunity for effecting change.” When beginning his investing venture, Cohen assumed change would come quickly, not 18 years later. Miami Beach voters approved a referendum to increase the floor ratio of a 10-block region in North Beach. The change is in the final…
Luxury Condo Sales Rising Along With Inventory In Miami-Dade
04 06, 2018
A report of EWM Realty International shows luxury condo sales, defined as units priced over one million dollars, increased their sale rate by 47% year over year in the December to February time frame. Despite the increase in sales rate, the luxury condo market inventory did rise in this same period. This report excluded the new pipeline of luxury development in the area. Additionally, EWM’s president, Ron Shuffield, expects the gap between asking price and selling price to increase moving forward. The current report shows the average unit selling at 84% of the asking price, but Shuffield thinks the market…
3 Sophisticated Condos For Sale In Sunny Isles Beach, FL
04 06, 2018
A special destination in Florida, Sunny Isles Beach is located on a barrier island flanked by the Atlantic Ocean on one side and Intracoastal Waterway on the other. Situated between Miami and Fort Lauderdale, this beach is a great place for relaxation and recreation. Be it the local residents or tourists, Sunny Isles Beach’s attraction is just never-ending. What if one bags a decent deal of setting up his abode in this pristine location? Here, we bring you the details about three sophisticated condos that are up for sale in the exquisite Sunny Isles Beach. They are located in the…
Top 3 Condos For Sale At The St. Regis Bal Harbour
04 05, 2018
The St. Regis Bal Harbour is one of the most exclusive addresses in Miami. This opulent property caters to crème de la crème and discreet clientele. Here are our top condo picks which will let you enjoy Miami at its bests. St Regis Bal Harbour #704S: This exquisite condo is designed in a lavish yet compact manner. The apartment is spared over an area of 1,911 SF and features 2 bedrooms. These two bedrooms are accompanied by two full bathrooms and one half bathroom. The property was built in 2011, when the economy was not as sparkling as it in…
The owner of Bal Harbour Shops, Whitman Family Development is adding 340,000 square feet to the already existing 450,000 square feet of space. The new area will be home to the first Barneys New York in Florida. The construction planned to start in late 2018, marks the first in almost three and a half decades of the shop's existence. The addition of Barney’s in the luxury shopping center is proof that it still holds its own in the tough luxury retail market. The update and new retail is a bold move to stay in the running against new and rising…
Mixed-use Project In The Works for West Dixie Highway of North Miami Beach
03 30, 2018
This past Thursday, North Miami Beach planners got their first peek at the master plan for New North Town Center. The Center is set to be built on almost 18 acres on West Dixie Highway, situated to span between 155th Street and 163rd Street. The property, which currently is mostly vacant, has been a ghost ‘town’ for the past four or five years, according to North Miami Beach’s planning and zoning director, Justin Proffitt. There are big plans for the area though, with Bay Harbor-based architect Gabriel Boano and Aventura based Hector Mendez working to transform the abandoned property into…
The EB-5 extension is keeping the visa program around, and the circumstances of the extension have caused mixed reactions. The program allows foreign investors to obtain a green card by paying a hefty price of investing at least $500,000 into job-creating projects. The program will stay valid until September 30th giving an extension to those interested. The extension was due to the program's inclusion in the spending bill just passed by Congress. The program carries a reputation of being the “crack cocaine of real estate financing”. The EB-5 program was initially almost extended for five years until the proposed legislation…
Construction moving ahead at several buildings in Miami
03 30, 2018
If you are wondering what the progress is like for the new developments in Miami and surrounding areas, we have a new look at where some of the buildings stand, from Jade Signature, which had its grand opening recently to the awaited One Thousand Museum, expected to be completed in late 2018. One Thousand Museum The one-and-only residential skyscraper signed by Zaha Hadid in the Western Hemisphere has topped out, confirmed the developers Louis Birdman, Gregg Covin, Kevin Venger, and Regalia Group along with New York-based Plaza Construction. The highly anticipated project with an unconventional innovates by proposing a concrete…
Bal Harbour is one of the most popular residential destinations in the world Located in Miami-Dade County, Florida, this neighborhood poses white-sand beaches, swaying palms, fashion, and luxurious living. Home to less than 3,000 people, Bal Harbour is situated on the northern tip of the Miami Beach and is a barrier island in the northern-most tip of a chain which goes far south up to Key West. The Collins Avenue is the main road running from south to north through Bal Harbour while a channel between the northern end of Biscayne Bay and the Atlantic Ocean passes through Bal Harbour’s…
The Mansions at Acqualina - The Most Exclusive Condo For Sale
03 28, 2018
The Mansions at Acqualina in Florida’s Sunny Isles Beach is the final destination for those who prefer luxury in combination with natural beauty and if that destination in the Mansions turns out to its most exclusive condo, then it’s the ultimate gain. Condo For Sale at The Mansions at Acqualina Yes, the incredible Tower Suite in the over-the-top condo towers of Mansions at Acqualina is up for sale and there is little match for it in the beautiful Sunny Isles Beach and even in the entire Miami area. About Mansions at Acqualina The Mansions in Acqualina, the newest…
Sunny Isles’ Best Kept Secret: The Mansions at Acqualina
03 27, 2018
Acqualina Mansions is one of the most coveted addresses in Miami. The condominium is a beautiful confluence of decadent Miami luxury and Mediterranean style. The building comes with state of the art amenities and stylish facilities. This exclusive residential estate is designed to take your lifestyle to a whole new level of opulence. The Building The Mansions at Acqualina offers upscale beachfront living experience. The residents are ushered in through a stunning marbled lobby which features 26-foot arched and coffered ceiling. With only 79 units, The Mansions is as exclusive as it is exquisite. The apartments feature 10’6” ceilings to…
Miami Beach Macy’s Location Under Contract With Potential New Owners
03 23, 2018
The site of the Miami Beach Macy’s is currently under contract for sale with commercial brokerage Marcus & Millichap overseeing the process. Official sale documents are still in the works, so as of yet the identity of the buyer is unknown as is the purchase price. The land, located at 1675 Meridian Ave., currently holds the two-story square building with 50,000 square feet of usable space for the buyer. The buyer will have the option of expanding the area of operations to as much as 137,000 square feet given the size of the plot. Scott Sandelin, of the brokerage firm,…
Panorama Tower offers state of the art amenities for their pet-loving residents - Dogtown
03 23, 2018
Panorama Tower, Miami’s iconic tower that earned its name by its soaring heights, just announced a new retailer that will be a perfect amenity for dog lovers. Panorama Tower is the tallest building in Florida, and it’s recently decided to venture into retail. Dogtown will be the building's first retail tenant. Dogtown isn’t your run of the mill pet store; it’s a full retail location that will feature a pet hotel, spa, and daycare facility. The Dogtown location is set to open on Panorama Tower’s second floor this coming June. The retail area will take up over 3,300 square feet…
Fisher Island’s Palazzo Della Luna Sets a New Bar for Luxury
03 23, 2018
Miami has always been known as a tourism hub in North America, but during the past several years, residential sales have sent an increasing trend. Full of culture and spirit, the area attracts more than your standard condos, instead favoring luxury condos that go above and beyond. Fisher Island is set to host the newest addition to luxury living. Palazzo Della Luna is the most recent development to unveil in the luxury condo department. Luxury is almost an understatement for the boutique condominium development. With 10 floors of pure opulence, the residential building features 50 units. These units range from…
Beyond Realty Group International: The Triple Threat
03 19, 2018
Real estate investing involves a heavy dose of capital and is not easy to walk away from after a property is already bought. Engaging a professional in this process can help you in this complex transaction. This is where Beyond Realty Group International enters the scene. This multidisciplinary real estate firm specializes in various areas of property management and is staffed with highly experienced professionals. Property Acquisition If you have a vision about your prospective real estate property, Beyond Realty Group International can assist you in turning that vision into Realty. The firm has an extensive roster of properties,…
Vacant waterfront property is nearly extinct. This is causing developers to target older properties, buy out the current owners at premium prices, and then tear it down to replace it with a new luxury tower. This process is also known as condo termination. That was the strategy adopted by the Russian developer and businessman Vladislav Doronin, chairman, and CEO of the real estate firm OKO Group, with their newest plans involving a 47-story luxury tower, Una, in partnership with investor Cain International. Una will house 135 residents. Each unit has its private elevator entrance, and they range in square…
Norwegian is putting its mark on Miami’s Skyline with New Terminal Plans
03 16, 2018
The skyline at PortMiami is going to look very different come 2019. Miami-based Norwegian Cruise Line has taken action to move forward with plans to construct a new, luxury terminal. The plan is still waiting for final approval from the Board of Commissioners. Once approved the project is set to be finished by November 2018. The plans were first announced in May of 2017. The plans show a new terminal being built east of the current Norwegian location at Terminals B and C. The new terminal will be known as Terminal B, and the current Terminals B and C will…
According to the Miami Association of Realtors, 2018 started off great for Miami real estate. January showed an increase in the sales of condominiums, single-family homes, and even luxury properties valued at and over $1 million. Comparing January of 2018 to January of 2017 shows us an increase of 5.1 percent in sales of residential properties in Miami-Dade. Last year’s 1,731 to this years' 1,820 is a $791.3 million increase in sales. That number doesn’t even include the multi-million dollar properties sold during January. Another great indication Miami market is going strong is a majority of properties sold at or…
Drivers Club Miami: a short drive away from reality
03 16, 2018
A “country club for cars” is coming to Miami, the Real Deal reports. Developer Carlos de Narváez got the approval from Miami-Dade County commissioners for his $100-million project embracing 160-acre at 20000 NW 47th Avenue in Miami Gardens. The luxury car entertainment destination will count with a two-mile track, and amenities as maintenance facilities, private garages, a clubhouse and also facilities for local nonprofits, including a government center for northwestern Miami-Dade. The development, in a county-owned land, will be phased. Narváez will first lease 140 acres for a 30 years’ term; there is an option to expand. The county contract…
The Ultimate Sunny Isles Beach, FL Lifestyle Guide
03 16, 2018
Sunny Isles Beach is one of the top touristic destinations in Florida. Nestled between the Atlantic Ocean and the Intercoastal Waterway, the town has earned its stripes as a resort town, catering mainly to well-heeled visitors. There are not too many Drillbit Taylor’s around here! It effortlessly combines upscale luxury with unspoiled natural beauty, making Sunny Isles an ideal vacation spot. Here is our lifestyle guide to let you experience the best this town has to offer. Things to do in Sunny Isles Beach [caption id="attachment_49953" align="aligncenter" width="640"] Sunny Isles Beach Oceanfront Condos[/caption] Sunny Isles Beach is dotted with interesting…
3 Things to Keep in Mind While Purchasing an Investment Property in Miami Beach
03 15, 2018
Real estate investing is not for the faint of heart. It has gained popularity over the past couple of decades for its superior returns – in some locations. However, it also requires specialized knowledge and pivotal information that can help someone make a suitable decision. Real estate investment involves the selection, purchase, and management of the properties. Here are a few pointers you need to keep in mind when you embark upon this journey. Look at Pre-construction Properties in Miami Beach When you kick start the process of investment property purchase, you should start with pre-construction stage properties. There are…
Jeff Bezos, Miami High School alum, Ousts Gates as the Richest of the Rich
03 09, 2018
The world has more billionaires today than ever before, and at the top of that list is Amazon’s, and Miami Palmetto High alum, Jeff Bezos. Bezos, at the age of 54, easily sped past Bill Gates on Forbes list of billionaires in 2018. Bezos’ net worth is set in around $112 billion, the first-ever report of a 12 figure net worth reported on the Forbes billionaire list. This figure is even more remarkable as it represents an almost inconceivable $39 billion increase over Bezos’ 2017 list figure. Bezos has stakes in a lot of ventures these days. He owns the…
As we enter a new gilded age, the ranks of the ultra-wealthy have been growing exponentially across the world. London’s luxury real estate brokerage, Knight Frank, estimates that the number of these incredibly wealthy individuals (defined as those with net assets over $30 million) has grown by 35.6 percent between 2006 and 2012. Trends from 2012 to 2018 haven’t been fully analyzed, but world economic growth suggests the arrow is still pointing up. This ultra-wealthy class has been, unsurprisingly, snatching up real estate to grow and diversify their holdings. These purchases are sound long-term investments, but also tend to be…
Personal Rapid Transit: the Future of Public Transportation
03 09, 2018
The future is closer than you think. After stalled plans for 15 years, the rapid-transit tunnel that links downtown to Miami Beach is finally moving forward - in more than one way. Any resemblance to the old plans has been disregarded to favor a future-forward technological solution instead. According to Miami-Dade commissioners, the new plans will eliminate the need to construct heavy and expensive rails. The newest plans revolve around PRT vehicles, or Personal Rapid Transit, which will seat four to six passengers and will offer a solution to congested Miami Beach traffic and be an additional draw for tourists.…
As time passed the Miami River’s value was almost forgotten. The shoreline of the river consisted mostly of small, rundown shipyards, bait shops, and low-value marinas with no upkeep. Water was filled with oil build up. Falling apart boats and piers filled the water with debris. Once an integral part of the rum-running operations during the Prohibition, the river was a hot spot for traffickers and Coast Guard shoot-outs. The excitement on the Miami River peaked in 1985 as a group of corrupt police officers came across a vessel carrying $9 million worth of cocaine and decided to keep the…
What was once a quiet retirement community has been dramatically transforming into a hot-spot of culture and development. New high-end condos, shops, and restaurants have sprung up in Miami’s Surfside neighborhood both enhancing the neighborhood’s appeal while still hanging onto the charm that brought people into the area in the first place. What was once a relatively unknown spot hiding between South Beach and Bal Harbour is quickly becoming one of the fastest up and coming spots in Miami. Surfside rests along Collins Avenue from 87th St. to 96th St. nestled between the bay and the ocean and covers about…
Plans Move Forward for Uptown Biscayne in North Miami Beach
03 03, 2018
Dean’s Gold, formerly known as Solid Gold, is a decades-old strip club that some locals treat like a historic landmark. Located at NE 163rd Street and Biscayne Boulevard, the club that has been operating since the days of Miami Vice and it will be shutting its doors in the near future. CK Privé Group, a joint development venture between Privé Land Banking LLC and CK Holding Group, will be taking over the location when Gold shuts down to replace the club with an ambitious undertaking - Uptown Biscayne which will include 245 luxury rental units, 170,000 square feet of retail…
Aston Martin Residences in Downtown Miami: An Exclusive Sneak Peak
02 28, 2018
An Exclusive Sneak Peek at the New Luxurious Development in Downtown Miami, Aston Martin Residences The Aston Martin Residences is located in Downtown Miami - 300 Biscayne Boulevard Way, Miami, FL 33131 Aston Martin evokes the image of unparalleled luxury and sophistication. The iconic automotive brand is now lending its name and expertise to real estate market as well. Aston Martin Residences in Downtown Miami has sprung out of the collaboration between the auto company and globally property developer G&G Business Developments. The combination is stunning. Aston Martin Residences - The Building Aston Martin Residences are designed in the same…
If you haven’t experienced Miami’s growing Design District, you’re missing out
02 24, 2018
Almost 25 years after Craig Robins, president and CEO of Dacra Development, began developing the 25-acre area, construction is nearly complete. Dacra now co-owns 70% of the District, along with General Growth Properties and the French company LVMH. Robins manages the everyday operations of the District. The Miami Design District encompasses 18 square blocks from NE 38th St. to 42nd St. between Biscayne Blvd. and N. Miami Ave. The District got its name in part because of the dozens of home design showrooms in the area, but Robins’ commitment to design extends much further. The public art is larger than…
Election Fears Increase Mexican Investment in Miami Real Estate
02 24, 2018
Mexican real estate investors are flocking to Miami properties amid the political uncertainty of the country’s upcoming presidential race. Diego Arnuad, broker-owner of Aventura-based DA Luxury Realty, explains that one of his clients, worried that the election will “generate volatility,” has committed to spending $20 million to acquire three Walgreens-leased properties in Miami. Several others have bought multimillion-dollar homes at Prive at Island Estates in Aventura and the Ritz-Carlton Residences in Sunny Isles Beach. Many are fleeing the unstable Mexican economy for the more secure markets in the US, and South Florida specifically. According to Riviera Point Development Group CEO Rodrigo Azpurua,…
Driverless Technology Expected to Transform the Real Estate Market
02 24, 2018
Experts estimate that driverless cars and other autonomous vehicles will be commonplace within a decade or so. This will not only permanently alter the transportation industry, but it will also revolutionize real estate. A report published by independent think tank RethinkX concludes that using pay-per-ride driverless transportation services will quickly become much cheaper than car ownership. With more companies and fewer citizens owning vehicles, the need for parking will decrease dramatically, freeing up millions of acres of real estate for development across the US. Additionally, as travel becomes less cumbersome, commuters may decide to live further from work, causing sprawl and…
Miami Pre-Construction: The Top 5 New Developments in Sunny Isles Beach, FL
02 22, 2018
Miami is a cosmopolitan resort community with stunning natural beauty and world class facilities. The place offers befitting accommodation options as well. However, if you are looking to set up a home, you may look at new developments in Miami, instead of buying an existing apartment. This move not only ensures that you get the most modern amenities but also may save some serious money if you choose to make a purchase. Here are the top 5 new developments in Sunny Isles Beach, FL. To view all Sunny Isles Condos visit our neighborhoods page. Porsche Design Tower - 18555 Collins…
Miami is known for its picturesque setting and luxurious vibes. The city also offers equally luxurious condos to let you enjoy your surroundings in the best possible manner. Here is the list of top condos in Miami, which will take your lifestyle to a whole new level: St. Regis – Bal Harbour - Luxury Condos in Bal Harbour, FL The, St. Regis Bal Harbour Residences, comes with stunning housing units. The houses are available with one to four bedrooms, so that you can pick the one to best meet your needs. The complex has 282 units in total, giving a…
Miami International Boat Show and the Miami Yacht Show: Highlights you Can't-Miss
02 17, 2018
The 2018 Miami International Boat Show and the Miami Yacht Show is happening now through February 19th in sites at Virginia Key in Miami and Collins Avenue in Miami Beach. Approximately 100,000 visitors are expected to attend the five-day event to check out thousands of featured boats, yachts, and marine accessories. In exchange, the city should expect hundreds of millions of dollars in economic impact. Attendees will also sharpen their sailing skills in the dozens of seminars taught by certified professionals, and enjoy the vast variety of catering options, including several local restaurants. All of these exhibits and activities take…
New plans for Missoni Baia adds more than 100 units to the building
02 17, 2018
The company 700 Edgewater Development LLC tied to developer Vlad Doronin, owner of the Miami-based development company OKO Group, filed new plans for the Missoni Baia, the project at 777 NE 26th Terrace in East Edgewater. The formal request includes some design modifications as well as changes in the units, modifying the initial plan to build a 146-unit tower with about 771,000 square feet to 249 units with 838,000 square feet. The parking spaces also changed from 323 to 399 parking spaces. “Shifting market conditions and an increase in demand for smaller units,” was the reason for the request. Missoni’s…
Jungle Island is set to reopen this spring with a pivot from the original plan, according to sources from the Miami Herald. ESJ Capital Partners purchased Jungle Island last April, hoping to upgrade the Watson Island theme park with a lazy river, zip lines overlooking Miami Beach and downtown, new animal exhibits, children’s rides, and a private beach club. However, they experienced construction setbacks when Hurricane Irma ravaged Florida in September. The park has been closed since then and is scheduled to reopen in late spring with a few new attractions that will unveil between the park’s late spring reopening…
The Most Exclusive Condo For Sale At The St. Regis Bal Harbour
02 14, 2018
Exclusive Condo For Sale - Unit#: 703/5S @ The St. Regis Bal Harbour - 9701 Collins Ave, Bal Harbour, FL 33154 When it comes to enjoy the best Real Estate in Miami, it is important to select your residence with utmost care. The city offers a wide range of accommodation option, but St. Regis Bal Harbour sets new benchmarks for luxury housing. This fully furnished condo boasts of luxury condos and here is the best of the lot. The Condo - Unit # 703/5S This luxurious Bal Harbour condois spread over an area of 4,910 square feet and has four…
Bal Harbour’s Best Kept Secret: The St Regis Bal Harbour Condos
02 13, 2018
The St Regis Bal Harbour Condos Miami is well known for its climate, natural beauty, and luxurious vibes and their football team does not cheat to win like some team in the northeast but this is another topic! In order to enjoy the best this city has to offer, you should ensure that you are right there where the action is. Miami boasts of trend setting real estate market, to ensure that you get what you are looking for. St. Regis Bal Harbour has emerged as one of the most sought after addresses in the city. The Condominiums at The…
Foreign Investors Drawn to Luxury Real Estate in Miami
02 10, 2018
Luxury real estate within the United States has attracted the attention of foreign investors. Spending an amazing $7.5 billion dollars on real estate in the US - on homes averaging more than $1 million dollars in sales price - investors have focused most of their buying power in the cities of Miami, Los Angeles, and Manhattan. Nearly 40 percent of all sales were done in those three cities, with Miami leading the pack with one-quarter of the total. Los Angeles came in second at 9 percent, and Manhattan was third with a much lower 3 percent. Perhaps because Miami had…
The national price of homes continued to climb in the month of November, rising over the past year an average of 7 percent across the nation. Home prices are expected to continue to climb another 4.2 percent through November 2019. While there has been a steady increase in home prices since 2012, the largest rate increase in the 20-city index registered a 6.4 percent growth rate year-over-year. This is the single highest increase since June of 2014. The monthly data was released Tuesday by the S&P CoreLogic Case-Shiller index. However, November upsurge was spread throughout the nation unevenly. The biggest…
Ownership of the Site of the Historic Seagull Hotel Consolidated Under JHG Holdings
02 10, 2018
Miami Beach has seen a major change of ownership of one of its best-known properties. The historic Seagull Hotel, set on a lot measured at 53,430 square feet, ended up with a new landlord recently after a court-ordered auction resulted in the consolidation of ownership under a single firm. The hotel has been a fixture on Miami Beach for quite some time located at 100 21st Street. The hotel has 172 rooms with eight stories and 116.335 square feet. The Seagull was built in 1948 and has since been placed on the National Register of Historic Places. Ownership of the…
By: Ismael Rodriguez Miami’s skyline paints a picture that is both aesthetically pleasing and dynamic, constantly growing in size and evolving before our eyes. For the past decade, Miami has become the second fastest growing skyline in the U.S., second only to New York City. In the past, height restrictions in Miami had limited towers to go higher than 800 feet, but that all changed in 2015. The 764-foot Southeast Financial Center was the tallest skyscraper then, surpassed by the 789-foot Four Seasons in 2003, but height limitations have loosely been altered to allow developers to go beyond the 800-foot…
David Beckham declares Overtown ‘is our site’ for Miami soccer
02 03, 2018
Miami is finally to get its shot at Major League Soccer. David Beckham recently declared Overtown the final choice to host the city’s major league team. The decision was long-awaited, and the expansion will allow a professional soccer squad. During a Sunday interview with newscaster Glenna Milberg, the soccer legend elaborated on the rocky road leading up to his announcement of finally selecting the end of his quest to find a perfect location for his stadium. Finally, with the MLS approval of Beckham’s Miami franchise, plans for a 25,000-seat stadium in Miami’s Overtown neighborhood are set to move forward.…
Enterprise Florida to Head Trade Mission to Brazil
02 03, 2018
State economic development agency, Enterprise Florida, is set to deploy a trade mission for the first time. It will be limited to only service providers. The travel dates are set for June 23-27 and the destination is São Paulo, Brazil. “The reason we’re doing this is that we are among the top four states in exporting services,” stated Manny Mencia. Mencia is the senior VP of Coral Gables-based international trade and development for Enterprise Florida. He went on, elaborating. “Florida has one of the largest concentrations of knowledge-based service providers.” Enterprise Florida is looking to add a wide range of…
Information derived from an ongoing study led by Florida state concludes the river has the ability to handle double the cargo being moved on the waterway. The study is part of the Miami River Freight Improvement Plan. “There’s a lot of reserve capacity on the river,” elaborated Jack Schnettler, vice president and senior transportation engineer with Atkins North America Inc. Atkins is a consulting firm that is collaborating with the Florida Department of Transportation (FDOT) on the river’s freight study. During the January Miami River Commission meeting, Schnettler presented a PowerPoint on a freight improvement plan. The Miami River is…
New Commercial Construction Increased In South Florida during 2017
01 27, 2018
Commercial and Residential construction were at opposite ends of the spectrum in South Florida during 2017. Commercial construction showed at the high end of the scale, with developers quickly starting and completing projects. South Florida saw over $5.7 billion in new commercial construction. According to the Dodge Data and Analytics’ year-end report, that number is a 27 percent increase from the previous year. South Florida’s commercial growth is continuing to thrive as general contractors in the area are shifting their focus to the commercial sector, including multifamily apartment buildings and industrial properties. There’s a heavy focus on seaport and airport…
A Hidden Lot Under Macy’s Miami Beach hits the market
01 27, 2018
While the sale of the lot is another sign of Macy’s overall decline, the newly opened up Miami Beach property brings great opportunity. The large lot is leased to Macy’s, and while Macy’s has another 32 years on the lease, the property is already set for sale and the owners expect to bring in more than $20 million in the trade. The massive 50,000-square-foot lot is zoned CD-3. According to the listing brokers, Alejandro D’Alba and Scott Sandelin, the zone means the property can be developed into 137,000 square feet and up to 75 feet tall. The lot is located…
Increase in Miami Hotel Industry following Hurricane Season
01 27, 2018
Following the devastation of Hurricane Irma in September, the increased demand has led Miami’s hotel industry to have one of the strongest fourth quarters of any market in the United States over the past year. The Revenue per available room shot up 16.3 percent from $152.42 months October through December. Revenue per available room is a widely used metric within the hotel industry. According to the hospitality tracker STR, that growth is almost four times the RevPAR national growth over the same period of time in 2016. Not stopping there, the Miami or Hialeah market also showed the second-highest increases…
Miami is a growing city and companies like MIAMI, also known as CBMiami, work hard to keep on top of the ever increasing demands. MIAMI is a company known for micro hotels, their most recent project, YotelPad, stays true to their brand. This YotelPad will be the first location along the United State’s East coast. Aria Development is the company responsible for the development of the YotelPad concept. The YotelPad will be part hotel and part residence. YotelPad is an extension of the original YOTEL and the YOTELAIR cabins. The luxury appointed apartments were purposefully designed as compact homes, known…
Will Miami be Amazon’s Newest Headquarters Location?
01 19, 2018
Miami city officials have been on the edge of their seats waiting for information on where Amazon will host its second headquarters. “We would like to move Miami forward in the process so we can continue to learn more about your community, your talent, and potential real estate options,” words written by Amazon executive, Holly Sullivan. She continued on, “Please email me back with available times for a call so we can discuss next steps.” Miami was one of 20 other locations within the United States and Canada to be considered as a hub for Amazon’s new headquarters. The additional…
Miami is a city that appeals to Chinese investors. It’s viewed as a global city and as a great investment. Caroline Li Griffith, a private real estate investor from Zhenjiang offers her insight on why Miami appeals to Chinese investors. “As a real estate investment, Miami has much lower price points than Shanghai and Beijing which is very attractive.” Griffith, having just purchased her third luxury condo in Miami, is a bit of a self-proclaimed expert. She divides her time between Miami and New York. The laid-back atmosphere, friendly people, and beautiful weather in Miami had her falling in love.…
Fourth in Value, First in Heart: Miami Housing Market on the Rise
01 13, 2018
Location, location, location. It is a truth universally acknowledged that, in the real estate game, nothing is as important as where you are and when you buy in. Whether you’re looking for a retirement home, a starter home, or an investment property, the difference between a growing market and a stagnant one might as well be the difference between life and death. If your assets aren’t appreciating, you’re losing money every step of the way. All of this is good news for residents, both current and future, of Miami, Florida. Lagging behind only the sprawling metropolises of Los Angeles, New…
Biscayne Bay Development Plans from the Genting Group Makes Significant Advances
01 13, 2018
The Miami City Commission took the first leap in the upcoming marina development along Biscayne Bay, which is slightly north of downtown Miami, with a decision to begin clearing the area for the future development of Resorts World Miami. The commission is acquiring the deeds for submerged land in Biscayne Bay along with additional submerged land in that area. The plan is to take these deeds and turn them around by leasing them to the Genting Group. The Genting Group is a Malaysia based development company and the movement behind the multimillion dollar development along Biscayne Bay. The Genting Group…
Mount Sinai Medical Center Expansion Coming to a Close
01 13, 2018
The Mount Sinai Medical Center released its plans for expansion in late 2016 and jumped straight into executing those plans. The expansion consisted of adding a new surgical tower and an emergency department to their Miami Beach location and totaled an estimated cost of $275 million dollars. Chief Executive Officer Steven Sonenreich states the additions are scheduled to be completed by the end of 2018. Steven Sonenreich went on to explain “The new surgical tower will offer up to 350,000 square feet of space, 12 state-of-the-art operating rooms and 155 private rooms, whereas the new emergency department will offer up…
With a giant new slide, your next adventure is at Aventura Mall
01 05, 2018
The luxury Aventura Mall, considered one of Miami's top shopping destinations with around 30 million visitors per year, celebrated the opening of its newest attraction, the “Aventura Slide Tower,” on December 15. You can experience the adventure sliding through a 93-foot-tall glass and steel tubular tower designed by German sculptor Carsten Höller and the Miami firm Permuy Architecture. The slide is one of the features of the mall’s newest expansion, which will cost $214 million. Designed by renowned architect Carlos Zapata, the new wing will create a welcoming connection between the internal and external environments, highlighted by art and sculptures.…
Homeland Security Expanding Airport Preclearance to 11 New Airports
01 05, 2018
The Homeland Security Department has selected 11 new airports located in different countries to receive the US Preclearance - a program that will allow US immigration and customs agents to screen travelers to the United States prior to shipment, including Brazil. Among the selected Brazilian airports are Guarulhos (SP) and Galeão (RJ). [caption id="attachment_49101" align="alignleft" width="2048"] GRU - Aeroporto Internacional de São Paulo[Sao Paulo International Airport - Brazil][/caption] The proposal is to help reduce flight delays and make life easier for passengers who have connections in the United States and who often face long queues for immigration at the time…
More Improvements Coming to Fort Lauderdale Airport
01 05, 2018
The Fort Lauderdale-Hollywood International Airport will soon fully live up to its moniker. Renovations already started, and is one of the largest ever performed by airports in the country. As of December 19, Concourse G of Terminal 4 has gained new boarding gates along with a coffee shop, newsstand and gift shop. The place now has higher ceiling, more natural lighting and a modern architectural style. By the end of 2018, there will be more restaurants including a Burger King, Kafe Kalik and A Taste of the Caribbean. The space has new seats and places to recharge electronics, spacious bathrooms…
Government approves stretch for high-speed train between South Florida and Orlando
12 23, 2017
The Brightline high-speed train linking South Florida to Orlando may begin to operate even earlier than planned. According to a statement from the company, the next phase of the rail passenger service has been approved by the federal government and is expected to begin construction in the first quarter of 2018. Recently, the Federal Railroad Administration issued a statement including the route from Miami to Orlando in the next phase of construction of the company. "This is the most critical and final step in extending Brightline's service to Orlando, and we look forward to moving forward," Brightline CEO Dave Howard…
Construction is moving along quickly at the Paramount Miami Worldcenter, with the project recently hitting its halfway mark. Miami's future amenities king is currently 70 percent sold with over 48 nationalities represented amid the buyers, per a representative. The building is the first condo tower for sale within the Miami Worldcenter development and encompasses over 500 units. Among its selection of amenities, the future residents will enjoy tennis courts, swimming pool, hiking trail, playground, picnic area, and pool cabanas starting at $295,000. On the 9th floor of the tower, a football field will be available to the residents who may…
Florida's workforce growth rate exceeding four times national average
12 23, 2017
The metropolitan areas of Orlando, Tampa, and Miami, are the top three in economic growth and jobs creation in Florida, according to a recent government data. With Florida's workforce growth rate exceeding four times the national average, the state now focuses on reducing taxes and decreasing regulations to attract businesses. The state's economy continues to grow steadily, and Florida's business sector was one of the most prosperous in 2017, Gov. Rick Scott said. 127,400 new jobs were created in October and the unemployment rate fell to 3.6%, the lowest rate since February 2007. Since December 2010, Florida companies have created…
Property in Miami is for Sale by 33 Bitcoins - Money is not Accepted
12 15, 2017
The Bitcoin is becoming more and more relevant to the economics of the modern time. Platinum Condominium in Wynwood has listed unit for roughly $563,000. However, the owner of the property is not accepting cash as a form of payment – he wants to receive only Bitcoins. Broker Justino Ferret from United Realty Group makes it clear that the apartment’s only method of payment is the amount of 33 Units of Bitcoin. The reason as for why the owner of the unit is only accepting the digital currency it’s still unknown, but the strategy has brought a lot of attention…
Amazon introduces the app that connects agents with leads and books showings
12 15, 2017
Amazon, the online retail giant, has surprised the real estate world with its recent development: Agent Neo. The app features the newest technology for the Amazon Echo, the Alexa-voiced internet appliance. This new technology will help agents to buy, sell or book a showing in a property with a simple voice command. To use the app, customers have to tell Alexa the address of the property they are interested in and the time desired of the showing, and the app will recommend available realtors on the area that have partnered with them. For realtors, Agent Neo is a new marketing…
Success in NY and LA, the Ice Cream Museum Arrives in Miami
12 15, 2017
Woke up this morning feeling like you need to swim in a pool of ice cream sprinkles? Don’t you worry, because after Los Angeles, San Francisco and New York, it is Miami Beach's turn to win the Museum of Ice Cream. The interactive (and delicious) attraction that will showcase some of the world's most famous frozen dessert story. Some of the Museum highpoints include the colorful and super attractive rooms with a swimmable pool filled with 100 million sprinkles, a gummy bear mural, a banana split made of 10,000 "bananas," and a jungle of melting ice pops. Miami’s décor version…
Founder of Multiplan wins approval to build Miami Beach condo
12 08, 2017
Multiplan owns, among other projects, the luxury mall “Morumbi Shopping” in Brazil Brazilian billionaire José Isaac Peres, founder of Multiplan Real Estate Asset Management, received the city’s approval to redevelop one of the most iconic buildings in Miami Beach, the Marlborough House built 56 years ago, which should be demolished. The once controversial project had been the target of several protests, mostly because of a concrete walkway with exclusive access to the beach that could interfere with the distribution of natural light on the site and block the ocean view of a few neighbors. To secure approval from the Miami…
The United States Senate approved last Saturday, December 2nd, the tax reform advocated by President Donald Trump, which represents the largest tax reform since the 1980s, but also a significant increase in the US fiscal deficit. The bill was approved with 51 votes in favor, all from Republican senators, and 49 opponents, almost all of them Democrats. The U.S. Senate is expected to reconcile the text approved with their House of Representatives, who approved a separate version of the bill with some differences, before Trump could sanction the reform. The law that comes out of this negotiation between the two…
Real estate and art merge at the 3rd edition of “Art + Real Estate”
12 08, 2017
On Wednesday, BRG International sponsored the Art + Real Estate 2017 Edition featuring the paintings by the Argentinean artist Daniel Bottero. The exhibition was planned to coincide with the first day of the 16th edition of one of the biggest art festivals in the world, Art Basel Miami Beach. The event took place in the newly and expanded elegant space of BRG International Head Quarters. Art enthusiast and collectors had the opportunity to enjoy some of Bottero’s works as part of their Art Basel experience. During the event, BRG International displayed images of some of the most desired homes available…
Living in a Bal Harbour Condo The Surf Club: Winston Churchill is among the most well-known names in history. The man was a lover of politics, cigars and a good glass of scotch. A man known for his certainty and conviction. So much so, that The Surf Club in Bal Harbour has named their intimate bar “Churchill Bar” honoring one of the Club’s most renowned guests. Located in the Surfside community of Bal Harbour, The Surf Club not only has a special place in Miami Beach’s history, it has spectacular oceanfront, immaculate landscaping and an elegant Four Seasons restaurant with…
By: Ismael Rodriguez There’s a new trend in the mall business, and it’s gyms and spas like Equinox in Aventura Mall, for example, are becoming popular mall tenants as department stores and retailers decline across the country. The real underlining reasons behind the emerging gyms in malls and shopping centers are due to a booming fitness industry, and the slow decline by retailers, who are folding because of the unrelenting competition brought on by e-commerce, according to the Wall Street Journal. As a result, Chicago-based General Growth Properties, for one, is planning to bring gyms to half of its 115…
Canvas in Miami’s Arts & Entertainment District Lowers Deposit Requirements to 20 Percent
12 01, 2017
By: Ismael Rodriguez The developers of Canvas, a 513-unit condo tower under construction in Miami’s Arts & Entertainment District, have lowered deposit requirements to attract local residents. The development, which sits at 1630 Northeast First Avenue, is 75 percent presold and expected to open during the second quarter of next year, according to a press release by NR Investments. Led by principals Ron Gottesmann and Nir Shoshani, NR Investments lowered the required deposit to 20 percent. In 2016, the developers also received project approval from Fannie Mae, a strategic move to attract domestic buyers, allowing those qualified to get up…
By: Ismael Rodriguez Greenwich Studios in North Miami, a historic warehouse complex that has hosted productions like “Flipper” and the iconic “Miami Vice,” hit the market for $15 million this week. The warehouse at 12100 Northeast 16th Avenue #100, founded by movie producer Ivan Tors in the 60’s, has been the set of blockbuster movies like “The Birdcage,” “Stuck On You,” and “There’s Something About Mary.” Sylvan Adams, the CEO of Iberville Developments, bought the property in 1990 for $1.4 million. And now studio manager Carlene Tiedmann told the press that developers have been eyeing the property since. The warehouse…
Brazilian Developer Plans to Build 445-Key Brickell Hotel
11 22, 2017
By: Ismael Rodriguez Brazilian-based developer Galwan plans to build a 41-story hotel tower near Miami’s Mary Brickell Village. The planned 445-room tower would sit at 88 Southwest 10th Street and be split into two Wyndham Hotel Group brands, a 200-room Wyndham Grand and a 245-room Tryp by Wyndham, according to a press release. The project, which will be designed by Arquitectonica, marks the first in U.S. soil by Galwan. GW Brickell LLC acquired the development in 2015 for $26 million, according to company records found by The Real deal. The planned hotels will share the lobby and lounge space on…
By: Ismael Rodriguez In Florida wealth has been known to amply spread among industries like real estate, amusement parks, insurance and resorts. Certain destinations thrive above others, of course, and among these stands South Florida, a region with six of the wealthiest ZIP codes in Florida—Key Biscayne being the wealthiest ZIP code in the state. The American City Business Journals reported that Key Biscayne, located south of Miami Beach and east of Miami, stands atop a list of expensive, yet flourishing communities that continue to grow tenfold. Residents in this cozy jewel earn an annual per capita income of $79,020…
By: Ismael Rodriguez South Beach is known to have a wide variety of retail and supermarket brands, but it has never had a Target store— until now. The retail corporation, which plans to settle at 1045 Fifth St. in Miami Beach, the BLVD at Lenox retail development by the Comras Company, will open a string of small-format, compact stores to cater the younger demographic and in-store-pickup online shoppers. “Target has been seeking the ideal location for a small-format store in Miami Beach, so we’re thrilled to be part of the BLVD at Lenox shopping complex to conveniently serve residents and…
Apeiron at Jockey Club Wins Approval for Construction
11 17, 2017
By: Ismael Rodriguez The Biscayne Bay Shores Council has approved Apeiron at the Jockey Club, a high-end residential and hotel project designed by famed Spanish architect Rafael Moneo. The proposed project, which is located at 11111 Biscayne Boulevard, will include 120 residences, a 90-room boutique hotel, a five-acre gym and spa facility, a deep-water marina and numerous upgrades to the existing site. "One of the first things to strike me about the chance to build at Apeiron was the opportunity to design not just with the architecture, but with the gardens, with the marina and with the views," Moneo told…
Florida Tops a List of Foreign Residential Purchases in U.S.
11 17, 2017
By: Ismael Rodriguez Latin American buyers got off to a slow start in home purchases in Florida, but the state remained the top destination for foreign buyers looking to acquire U.S. residential real estate this year. And within the state, most of those foreign purchases were in South Florida, with Miami, Fort Lauderdale and West Palm Beach accounting for 53 percent of the total, according to a newly released report from Florida Realtors. The state accumulated 22 percent of all foreign purchases in the U.S., with international sales reaching $24 billion for the fiscal year, up 25 percent from the…
Daniel Bottero Joins BRG for a Night of Art & Real Estate
11 17, 2017
By: Ismael Rodriguez BRG International will host Argentinian artist Daniel Bottero and his art exhibition at the firm’s annual “Art + Real Estate” on Wednesday, Dec. 6. The event, a forerunner to the 16th annual Art Basel Miami Beach fair, will also showcase BRG’s new and improved headquarters on Lincoln Road. The event, which runs from 7 p.m. and 11 p.m., sets out to blend the best of both worlds, bringing real estate and art to the main stage. With an array of handcrafted cocktails and hors d’oeuvres, the guests are welcomed to roam freely around the new headquarters and…
Located in on the barrier island of Miami Beach, Bal Harbour is a great community filled with the styles and comforts of luxury living with a small town feel at its heart. It’s prosperous community that houses a lot of beautiful Bal Harbour condos for sale surrounded by lavish and extravagant beaches, restaurants and lounges that can cater to every style such as La Goulue, Carpaccio and Makoto . Not to mention world class shopping at the Bal Harbour Shops with stores which include Fendi, Chanel and Dior. The beaches are stretches of white sands and turquoise waters. Multiple activities…
Whether you’re searching for a second home as an investment or a place to call a forever home, we have provided a list of Bal Harbour Condos for Sale and the beautiful buildings you can find them. Harbour House: This renovated luxury condo in Bal Harbour has 457 units on 16 floors. Harbour House is mere steps away from the famous Bal Harbour Shops and close to the buzzing nightlife of South Beach and Miami. Equipped with an outdoor spa, you can relax after investing in some quality time with yourself and afterwards take a dip into the pool…
New Condo in Little Havana Honors Salsa Legend Celia Cruz
11 10, 2017
By: Ismael Rodriguez Little Havana, over the years, has become a safe haven for Cuban immigrants and their families. It’s history lies side-by-side with Cuban culture. First, second and third generation Cubans make-up the majority of the community. Plaza Celia is the latest homage to Cuban culture in Little Havana. The 16-unit boutique apartment building broke ground recently, with Miami Mayor Tomas Regalado on hand for the ribbon-cutting ceremony. The development’s name, for those not familiar with Salsa, honors the late Cuban singer Celia Cruz, the Queen of Salsa and an active voice in the fight for the justice and…
By: Ismael Rodriguez New York-based Thor Equities secured the financial means to begin construction on its planned retail and restaurant development, Wynwood Walk. The developer bought 2.3 acres in the neighborhood and later garnered the approval of the Wynwood Design Review Committee in May to move forward with the project at 2800 Northwest Second Avenue. Bank of the Ozarks provided the construction backing for the developer, according to what a bank spokesperson told the press, but declined to state the exact amount provided by the bank. The developer plans to build a two-story, mixed-use building with 20,400 square feet of…
By: Ismael Rodriguez The CIRC Hotel, a modern, 111-room boutique hotel across the street from the ArtsPark at Young Circle, is set to open in downtown Hollywood at the start of next year. The 12-story hotel, which will sit at 1780 Polk Street, was inspired by the area’s urban scene. And it plans to plans to draw crowds by hosting an arts contest, where local artists are able to submit pieces that will be displayed in the hotel’s lobby and meeting space. The development will include Olivia, an Italian restaurant by Piero Filp and Marcello Sindony; a rooftop bar and…
The 3 Most Luxurious Bal Harbour Condos Available on the Market Today
11 07, 2017
The 3 Most Luxurious Bal Harbour Condos for Sale in November 2017 People who are looking for a sexy, vibrant, and culturally diverse lifestyle move to Miami. People who are looking for luxury, style, and prestige move to Bal Harbour. And people who want to take luxury living up a notch refuse to settle for anything less than the most luxurious condos in the area. Here are the three Bal Harbour condos for sale that top the list. St. Regis Bal Harbour Condo - 9701 Collins Ave # 1701S, Bal Harbour, FL 33154 This gorgeous seven-bedroom unit takes over the…
The Bass Art Museum Reopens After Closing for More Than Two Years
11 02, 2017
By: Ismael Rodriguez After two long years and $12 million worth of renovations, The Bass in Miami Beach has reopened with more exhibition galleries than before. The project was responsible for expanding the museum’s operating space by 50 percent, increasing the number of exhibition galleries from four to eight. Other upgrades to the museum included the removal of a large ramp in the middle of the museum to make room for additional galleries and an enlarged lobby and reception area. The patio was also remodeled and enclosed for events and art installations, while the education center was expanded to include…
New York-based developer PMG released renderings this week of their latest project, 300 Biscayne, which is expected to become Miami’s tallest tower at roughly 1,041 feet above ground. The high-end project will also add an ultra-luxury hotel and branded residences, according to a description by the developer. There’s a 20,000-square-foot sales center currently under construction on the site, which will include visual and tactile features designed to separate itself from other towers on the market. PMG told the press in a previous interview that the project is expected to have 500 condo units inside an 88-story tower.
Lennar Buys CalAtlantic, Becoming Largest U.S. Homebuilder
11 02, 2017
By: Ismael Rodriguez Miami-based Lennar Corporation will buy rival CalAtlantic Group for $6 billion, creating the largest homebuilder in the country. Lennar CEO Stuart Miller told the press the deal should rank the merged companies within the top three in 24 of the top 30 markets in the country. Lennar and CalAtlantic, when placed together, have reported revenues of more than $17 billion last year and a market cap of around $18 billion. The real estate giant also expects to generate about $250 million a year in savings, including $75 million in 2018, according to Lennar. The combined companies will…
The Seminole Hard Rock will Undergo a $1.5B Expansion
11 02, 2017
By: Ismael Rodriguez The Seminole Tribe of Florida and Seminole Gaming showcased the $1.5 billion expansion project planned for the Seminole Hard Rock Hotel & Casino in Hollywood last week. The expansion project will revolve around a colossal guitar-shaped tower measuring 450 feet. The casino will also have 3,267 slot machines, 178 table games and a new poker room that expands 18,000 square feet, according to a press release from Seminole Gaming. The plan is to double in size, which will include 60,000 square feet of new retail and restaurant space and a $100 million, 7, 000-seat concert venue. The…
North Beach Pursues Master Plan for 10-Block Revitalization
10 27, 2017
By: Ismael Rodriguez There’s a new ballot that, if approved, will allow North Beach to pursue a master plan for revitalizing a 10-block district along 71st Street between Collins Avenue and Indian Creek Drive. The ordinance, item #82 on the ballot, is an initiative that increases floor-area-ratio in the town center zoning districts to 3.5, which should prompt growth and density in the neighborhood, making room for new public spaces, housing, dining and retail. Part of the ordinance also includes the increase of mid-rise buildings to 125 feet tall, doubling the total building density. The blueprint, which has been guided…
BRG Studio Wins Vote to Revamp The Santa Maria Health Club
10 27, 2017
By: Ismael Rodriguez The Board of Directors at Santa Maria Brickell, one of Miami’s iconic luxury residences, revealed on Wednesday night that a majority of its homeowners voted in favor of the $2.5 million project by BRG Studio that sets out to revamp the condo’s aged health club. The results were revealed a month after all homeowners at Santa Maria received and voted on the proposed renovations by BRG Studio, a Miami-based architectural firm, that posed a cost-effective alternative to expanding and reinvigorating the current gym space. The project received a 63 percent approval rate to pass and go into…
The Riverside Wharf to Open Next Month Along the Miami River
10 27, 2017
By: Ismael Rodriguez The Miami River, in recent years, has seen an abundance of new and innovative concepts sprouting on its riverside. And the Riverside Wharf, which will debut in November, is definitely making use of the river’s prominent location and scenic beauty to entice its guests. Located at 114 SW North River Drive, the 30,000-square-foot project, debuting just before Art Basel, brings a unique mixed-use food and dining complex that will represent a fresh hub for local fishing, restaurant dining and public enjoyment. But for opening weekend, though, the guests that come to the Wharf can expect a delightful…
Downtown Miami’s New 45-Story Condo Designed by Carlos Zapata
10 27, 2017
By: Ismael Rodriguez NR Investments plans to add another residential tower in downtown Miami’s lively Arts and Entertainment District with the help of renowned Venezuelan architect Carlos Zapata. Zapata has designed the 45-story, 457-unit condominium at 31 N.E. 14th Street, which would sit across from Melo Group’s Square Station, according to what the developer told the SFBJ. The site will also have an 11-story mixed-use tower with 150 hotel rooms and 30,000 square feet of office space. The units are being designed for end users who will take up residence there, with smaller sizes and cheaper prices. The residents will…
An Insider’s Guide To The St. Regis Bal Harbour Condo Building
10 24, 2017
The St. Regis Bal Harbour Condo Building A quick Google search for “most luxurious condos in Bal Harbour” will almost always bring The St. Regis Bal Harbour up as a top search result, and for a good reason. Living at St. Regis is an experience all on its own, offering residents unparalleled service combined with world-class amenities and breathtaking residences. Elegant Architecture and Design Elements Living here is like being on a full-time vacation. The stunning building sits on 9 acres of oceanfront property and was designed by famous architects and designers such as Yabu Pushelberg. The focus of St.…
First U.S. Airbnb-Branded Apartments Coming to Florida
10 20, 2017
By: Ismael Rodriguez Airbnb is partnering with a Miami-based developer to introduce the first Airbnb-branded apartment building in the U.S., a move by the short-term rental giant to bring a traditional and innovative approach that might encourage property managers and developers to allow Airbnb rentals. The 324-unit project, dubbed Niido, which will sit just outside of Orlando in Kissimmee, is said to feature hotel-like amenities and urge tenants to sublease their spaces online, according to a Bloomberg report. The building is expected to open during the first quarter of next year, and it will also feature keyless entry and on-demand…
Miami Ranks Among Top Cities for Amazon’s Second Headquarters
10 20, 2017
By: Ismael Rodriguez The race for Amazon’s highly anticipated second headquarters has drawn Moody’s Analytics to collect enough data to build a list of the top contenders for the e-commerce giant. Moody’s Analytics presented Amazon with a list containing the name of ten cities with the greatest potential for 50,000 jobs and a $5 billion investment. The firm compiled the results based on five categories— business environment, human capital, cost, quality of life, and transportation. The firm also valued geography as a focal point in ranking the cities. The rankings, according to Moody’s Analytics, are as followed: Miami sits seventh…
WeWork Building to Open in Downtown Miami in December
10 20, 2017
By: Ismael Rodriguez After two years of waiting, WeWork has finally announced it will open its downtown Miami location on Dec. 1. The New York-based, co-working firm, which is currently valued at $20 billion, will open on the first of December at the Security Building, a 15-story building sitting at 117 Northeast First Avenue, according to what the firm’s spokesperson told the press. WeWork had signed a 15-year lease for the building two years ago, marking the fourth Miami area location for WeWork, with two in Miami Beach and one at Brickell City Centre. The Security Building location, which amasses…
Developers of Flood-Proof Monad Terrace Receive Financial Backing
10 20, 2017
By: Ismael Rodriguez After acquiring $62.5 million in financing, JDS Development Group can now complete the Monad Terrace, a flood-proof luxury condo tower on West Avenue between 13th and 14th streets in Miami Beach. The $62.5 million is comprised of a $20 million loan from the Bank of Ozarks and $42.5 million from the Vanbarton Group. Aside from the newly obtained $62.5 million in financial backing, the Miami Beach-based developer had already invested $40 million in equity just to secure these funds, according to what Michael Stern, founder of JDS Development, told the press. The 59-unit Monad Terrace, which is…
Looking To Buy A Condo in Bal Harbour, FL? Check Out The 6 Most Luxurious Condo Buildings in Miami's Bal Harbour
10 19, 2017
Buying A Condo in Bal Harbour? Bal Harbour is one of the most affluent areas in Miami and a popular place for families and traveling professionals to invest in condos right on the water. This gorgeous area has extravagant restaurants, high-end shopping venues, elegant spas and some of the most dynamic and creative art and cultural exhibits in the area. For luxury living in one of the most desirable areas in Miami, check out these six breathtaking condos in Bal Harbour. St. Regis Bal Harbour This elegant oceanfront building has earned the coveted Forbes Five Star award in 2017 and…
“Hustle & Soul” Star Chef to Open Restaurant in Miami Beach
10 13, 2017
By: Ismael Rodriguez Soul food connoisseur and celebrity chef Lawrence Page, the star of the reality TV show “Hustle & Soul,” inked a lease to bring his New York-based soul food concept, Pink Tea Cup, to Miami Beach’s Washington Avenue. The lease, which grants Page 5,500 square feet at 1542 Washington Avenue, marks the second location for his restaurant, according to what Fortune International Realty’s Wolfgang Herz and Ricardo Du Pond told the press. The Pink Tea Cup, known for soul food dishes like chicken & waffles and catfish & ribs, is expected to open in late December or early…
By: Ismael Rodriguez Pitbull has become the latest celebrity to lease a space in one of the renowned Nakash family hotels on Ocean Drive, Miami Beach. The Miami native and international rap star is bringing a slice of his Cuban heritage by opening a restaurant called “iLov 305“ in the former Bon Air Hotel at 1060 Ocean Drive, according what Nakash attorney Alfredo Gonzalez told the press. The news came during this week’s Miami Beach Historic Preservation Board meeting, during which Gonzalez voiced that an affiliate of Pitbull had signed a lease with Nakash Strand LLC. “It will be a…
Contractor Wins the $260 Million Contract to Build River Landing in Miami
10 13, 2017
By: Ismael Rodriguez Balfour Beatty PLC, a London-based infrastructure group, was awarded the $260 million contract to build the much-anticipated River Landing Shops and Residences in Miami. Construction on the riverfront development, which spans two million square feet, is expected to begin by year-end and to be finished by the fourth quarter of 2019. The 8.14-acre development site at 1400 Northwest North River Drive, which sits along the Miami River, will include a riverfront park, 475 apartments and 426,000 square feet of space for retail stores and restaurants. H&R REIT, Urbanx Co. and real estate developer Mathews Southwest hired Balfour…
By: Ismael Rodriguez The developers of Aston Martin Residences, the latest luxury brand to reach for a slice of South Florida’s condo market, announced its formal groundbreaking ceremony would take place on Oct. 18. G&G Business Developments, the Miami-based real estate firm owned by Argentine supermarket tycoon German Soto and his mother Gloria, told the press of its plans to break ground a month after filing a notice of commencement with Miami-Dade County for the 66-story, 391-unit skyscraper in downtown Miami, with sales already surpassing the $100 million mark in deposits. The highly anticipated development has been speeding through the…
By: Ismael Rodriguez September was a sizzling month for restaurant debuts in Miami Beach, from Jeremy Ford’s Stubborn Seed to the long-anticipated Ofa, a modern Brazilian concept that opened its doors two weeks ago in Sunset Harbour. Created by Felipe Ortiz, Carmen Rodriguez and Lucas Scudeler, Ofa is comprised of 2,200 square feet of prime indoor-outdoor space with brightly colored décor and a menu rooted in an array of famous South American dishes, including fresh and colorful ingredients into many of its items. The restaurant’s specialty dishes include, for example, picadinho, where mignon cubes are flavored in a meat sauce…
By: Ismael Rodriguez The U.S. Congress has extended the EB-5 Visa program, a federal investor program that has help fund South Florida business projects over the past decade by exchanging U.S. visas and green cards for foreign dollars, until December 8, 2017. The EB-5 visa program, which has poured an estimated $18 billion in overseas cash into U.S. business development since 2008, was supposed to expire on Sept. 30, but Congress and President Donald J. Trump have once again extended the deadline without any additional changes. In South Florida, the extension of this immigration investment program can, significantly, help ongoing…
Art Basel Extends Fair for 5 More Years in Miami Beach
10 06, 2017
By: Ismael Rodriguez The organization behind Art Basel has agreed to extend its iconic art fair in Miami Beach for five more years after the city complied with the fair’s request to pay for a $2.8 million elevator and escalator in the Miami Beach Convention Center. The deal also strengthened the fair’s longevity in Miami Beach by striking a longer commitment than the year-to-year agreements it has signed with the city in the past, adding five years to the lease with a possibility for another extension from 2024 to 2028. In April, city commissioners voted in favor of adding a…
Santa Maria Condo Association Votes To Revamp Health Club
09 29, 2017
By: Ismael Rodriguez The board of directors at Santa Maria Brickell, one of Miami’s iconic luxury residences, voted in favor of presenting its homeowners the $2.5 million project by BRG Studio that sets out to revamp its aged health club. Homeowners at Santa Maria will receive ballots and vote on the proposed renovations by BRG Studio, a Miami-based architectural firm, that pose a cost-effective alternative to expanding and reinvigorating the current gym space. However, the project will need a 51 percent approval rate to pass and go into the construction phases, which were tailored with the residents in mind, keeping…
By: Ismael Rodriguez Amazon.com is looking for its second headquarters, and South Florida’s three counties are uniting to submit one proposal worthy of attracting the digital conglomerate. As cities across the country set out to lure the digital giant with their proposals, The Beacon Council in Miami-Dade, the Greater Fort Lauderdale Alliance in Broward and the Business Development Board of Palm Beach County will enter the hunt for the digital giant by submit a joint bid, according to the Sun Sentinel. Broward county Commissioner Michael Udine contacted Amazon founder Jeff Bezos, emphasizing the region’s assets last week, including its “no…
By: Ismael Rodriguez Miami real estate experts and realtors are beginning to consider the advantages of using the Bitcoin network to facilitate the transfer of large-scale transactions. In recent years, Bitcoin has gathered many opinions among its growing community and experts of the crypto currency sector, prompting debates over the fundamental purpose of Bitcoin. Discussions are usually about the use of Bitcoin, whether it should operate as store value or a digital cash system capable of processing transactions with low fees. Bitcoin is currently used as both a store value and a digital cash system. And with the addition of…
SoLeMia Lands A $101 Million Loan From Wells Fargo
09 29, 2017
By: Ismael Rodriguez Miami-based developers received a $101 loan from Wells Fargo & Company to move forward with an ongoing project to turn one of the largest remaining parcels of land in North Miami into a master-planned community. SM Multifamily, the developer of two luxury, 17-story residential towers with a total of 400 units and attached parking garage, received a $101 million HUD-insured loan from Wells Fargo to begin construction. The two towers are part of the first phase of SoLeMia Miami, the 183-acre community being developed in North Miami by Oleta Partners LLC, a joint venture between Turnberry Associates…
“Salt Bae” Opens His First U.S. Restaurant In Miami
09 22, 2017
By: Ismael Rodriguez Nusret Gokce, the chef behind the meme sensation known simply as “Salt Bae,” is just weeks from opening a branch of his mini Turkish steakhouse chain, Nusr-et, in Miami— marking it as the location of his first-ever U.S. restaurant. Nusr-et will open this October, inhabiting the former COYA Miami space at 999 Brickell Avenue. This will become the eleventh location for the Turkish steakhouse chain, which has outposts in places like Turkey and Dubai. Gokce is also planning a New York City location later this year, but there’s no question Miami will be the first to watch…
Epicure Market Closes For Good, But Leaves A Legacy.
09 22, 2017
By: Ismael Rodriguez In the aftermath of Hurricane Irma, Epicure Gourmet Market & Café, a South Beach institution that dates back to the 1940’s, has closed its doors for good. The market’s Twitter account posted news of the closure first, and owner Jason Starkman went on to tell the press that he would close it in light of a string of unfortunate events, from years of down sales to losing all perishables after the hurricane. Starkman told the Miami Herald that sales have gradually slumped over the past five to seven years after his family bought the market in 1998.…
Time Out Opens Its First U.S. Food Hall in Miami Beach
09 22, 2017
By: Ismael Rodriguez Food halls in America date as far back as the eighteenth century, when Faneuil Hall was first introduced in Boston. Since then, of course, upscale food courts have spread across the United States, hunkering down in every major metropolis except Miami— but that’s all about to change. In recent years, Miami has become a target for a flood of upscale food courts washing onto the city’s primary areas and hubs— a good example of this is La Centrale at Brickell City Centre. But not all food halls are the same. Time Out, as in the renowned guidebook,…
Foreign Acquisitions Soar to $168 billion In the U.S.
09 22, 2017
By: Ismael Rodriguez It’s no secret that investors from foreign countries populate a good chunk of commercial real estate in the U.S., and they seem attracted to South Florida, which is among the top three markets in total foreign acquisitions with $2.94 billion. Foreign buyers, within a two-year period ending on May 31, 2017, totaled $168 billion in U.S. investment sales, according to an analysis of Real Capital Analytics conducted by The Real Deal. And a combined $56.69 billion of that money was poured into New York City, Los Angeles and South Florida. The truth is that countries like China,…
Celebrities Come Together to Gather Donations for Hurricane Relief
09 15, 2017
By: Ismael Rodriguez In a telethon dubbed “Hand in Hand,” a star-studded ensemble gathered this week to tell stories and plead for support for hurricane victims, raising $14.5 million by the time the cameras stopped filming. With performances from Stevie Wonder, who sang a heartfelt “Lean on Me,” and others like Usher and Blake Shelton, the telethon’s purpose was soulful and clear: Americans from all walks of life were being asked to help those struggling in the aftermath of a catastrophic hurricane season. Robert DeNiro, Barbara Streisand, Al Pacino, George Clooney, Jay Leno, Justin Bieber and dozens of others sat…
Beckham Makes First Payment Toward Miami’s First MLS Team
09 15, 2017
By: Ismael Rodriguez David Beckham and his business partners made the first payment toward his $9 million purchase in Overtown, where the group plans to build a stadium for South Florida’s first Major League Soccer team. Miami Beckham United made the first $450,000 payment last week, according to the Miami Herald. Beckham and his partners now have about a year to pay most of the money for the land that Miami-Dade County agreed to sell to the former Manchester United star in June. The stadium will sit 25,000 people on the site, which also includes six private parcels his group…
By: Ismael Rodriguez Hurricane Irma viciously swept through Miami-Dade last week, lashing coastal communities and urban areas like downtown Miami and the neighboring Brickell financial district with powerful winds and currents of water that brought down two construction cranes and flooded streets. But local real estate experts believe the wrath of Irma spared the city’s urban core and coastal areas from irreversible damages. Suzanne Amaducci, a partner at commercial law firm Bilzin Sumberg, told the press that 1450 Brickell Avenue, the office building where her firm is headquartered, opened Tuesday morning and had power and air conditioning. She said, “If…
Hurricane Irma Prompts Immediate Evacuations in Miami
09 07, 2017
By: Ismael Rodriguez South Florida has suffered over the years come hurricane season, but Irma’s devastating track has already prompted officials to plan evacuations in certain Miami-Dade areas like Miami Beach and much of the mainland coast. Hundreds of thousands of residents have been asked to leave their homes out of fears of historical coastal flooding, according to what Mayor Carlos Gimenez told the press. “This is a powerful storm which poses a serious threat to our area. We will be taking some extraordinary actions to ensure that the residents of Miami-Dade County are safe,” Gimenez told the Miami Herald.…
