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Related Group reveals One Island Park in Miami Beach

June 14, 2019
Related Group has the approval for construction of the luxury condo tower One Island Park on Miami Beach's Terminal Island moving along nicely. To gain the city's support, the company is proposing to also build a new 50,000-square-foot city fleet maintenance and sanitation facility at no cost to taxpayers. Recently, the City of Miami Beach Commission collectively voted to indicate the proposal to the City's Land Use and Development Committee. "We are pleased with the 'Commission's vote to move One Island Park forward in the review process and look forward to delivering a new, upgraded City maintenance facility at no…
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Fastest growing tech scene boosts real estate in Miami

A new report released by the Financial Times puts Miami as the place to be if you are looking for technology jobs, which also serves as a booster to the real estate market of the city. The numbers are impressive; the tech industry was the fastest growing business in Miami-Dade between 2012 and 2017. In total, there were 11,440 job opportunities, up 40 percent during the five years term, according to the county economic development organization. Another statistic, this time coming from the Brookings Institution, shows that the tech scene in Miami is growing faster than in San Diego, Boston,…
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Back on top: Miami attracts Brazilian real estate investors

After two years of recession, the financial market is showing gradual signs of recovery in Brazil. The confident forecast corresponds to the interest of Brazilian foreign investors in South Florida real estate; the numbers are so positive that the Miami Association of Realtors declared the country was among the top foreign countries buying homes in the city in 2018. However, South Florida has attracted Brazilian investors for some time, not only as an alternative to their country's real estate market, to invest and establish a source of income in dollars, but also as second homes to high-end buyers. All due…
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First Interior Renderings from Okan Tower is released; Construction is Planned This Year

June 6, 2019
The Okan Tower project, an all-glass tower inspired by the Turkish national tulip flower, has launched the first interior rendering of the luxurious 70-story project. Until now, only external renderings were released. With construction starting this year, according to representatives of the developer, they are moving ahead with turning reservations to contracts. The project is 20% sold.
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Sawgrass Mills announces multimillion-dollar renovation, the mall’s largest to date

Sawgrass Mills, a massive alligator-shaped outlet mall in Sunrise, the country biggest outlet mall and amongst the largest malls and tourist destinations in America, will have its common area remodeled by late 2020, just in time for the mall’s 30th anniversary. “Sawgrass Mills has evolved into a renowned global shopping destination,” stated David Gott, Sawgrass Mills General Manager. “The center has gone through six expansions and brought a long list of retail, dining and entertainment firsts to the market in its 30 years. We are excited to embark on the property’s largest renovation to date in our mission to deliver…
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More Wealthy Moving to Florida Than Any Other State

May 31, 2019
The wealthy population of the United States was seeing ditching their high-tax states for Florida in the last few months, but a new study released by Bloomberg shows that the migration period started even before the tax changes had made the state more favorable to live. Bloomberg examined data from the Census Bureau and IRS during the years of 2016 and 2017. The results confirmed the state had gained the biggest amount of income due to migration in comparison to other states, surprisingly more than the seven times runner up Texas. The state of Florida earned $17.2 billion in net…
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Miami: what is left to sell?

ISG Miami has recently released a new report analyzing Miami's current condo cycle and predicting what is yet to come. The study shows us developers have 2,101 new development apartments left to sell from this cycle, of those, 587 units were delivered, 1,331 are under construction right now, and 183 are in the pre-construction phase. Our current cycle began in 2012, and it is essential to note that the pipeline of new units excludes projects that have been filed in the last seven years and also does not include units available in the MLS. "We're calling this the supply shock,"…
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555 River House is Coming to Miami

The distinguished architect Carlos Zapata is designing a new project called 555 River House in Miami, and it promises to change some of the Miami River area. With 175 hotel rooms and only 39 residential units, apartments will be sold at an average price of $1 million to $1.5 million ($1,150 per square feet). Sixty Hotels will run the hotel rooms and brand the residential units. Residents will share amenities with hotel guests. Another architect for the project is the office of O'Donnell Dannwolf and Partners. The project will also include: Three separate buildings 600-foot public riverwalk 120,000 square feet…
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Miami Beach convention center hotel is redesigned; review is coming next

May 24, 2019
A new design for the Miami Beach Convention Center hotel has been modified and resubmitted for review. The new renderings show significant engineering modifications, including a design with less glass. The project will be built in place of the current surface parking lot next to the Convention Center. A one-story office building and the one-story and two-story sections of the back of the Fillmore Miami Beach, in the Jackie Gleason Theater building, will also be demolished. The plans kept the same number of hotel rooms: 800, plus 320 parking spaces. The tower itself remains the same, with 17 floors, but…
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Construction of the largest mall of America is moving full speed ahead

The construction of America's largest mall is coming closer, according to a lobbyist and lawyer for developer Triple Five. In addition to the sewer project for the site being in an advanced stage, bids are being awaited until the end of the month for a state contract to extend the Turnpike and add capacity. A site plant has not yet been sent to the county, but experts say the wait is reasonable, as a project of this magnitude takes time to be designed. The project in the city of Miami will include 7.2 million square feet with towers as tall…
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Miami International Airport Sets Passenger Record in the First Quarter of 2019

May 3, 2019
Miami International Airport (MIA) set a new record in the first quarter of 2019 in comparison to the previous year. 2018 had already been a historic year when they surpassed 45 million passengers for the first time - an increase of over 1 million passengers from 2017. During the months between January and March, traffic grew 5%, with 583,073 passengers more than in the same period of 2018. Growth in the period includes 306,421 additional international passengers (+ 5.5%) and 276,652 additional passengers (+4 , 6%) domestic passengers for the same period last year. Optimism for the second half of…
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NEW VIDEO: First Look Inside Residences by Armani/Casa

Residences by Armani/Casa in Sunny Isles recently released two new videos showing both the interior and exterior of the project under construction. Scheduled for completion by November of this year, more than 80% of the units have already been sold, $800 million in condo sales, according to developers. Under the artistic direction of Giorgio Armani, Armani/Casa Interior Design Studio is behind the interior design. While César Pelli, who designed Miami's Adrienne Arsht Center for the Performing Arts and the Petronas Towers in Kuala Lumpur, is creating the exterior. https://youtu.be/nd-pa95ZOYg
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New 5.8 acres park is underway in Miami Beach

The city of Miami Beach will acquire new green space, a park with 5.8 acres. The project will transform the parking lot, already being demolished, in front of Miami Beach Convention Center in the Pride Park - the name still needs approval. The park will house the tents for the Design Miami show, which means that the main lawn area will be closed for the public for about two months annually for the assembly and disassembly of the event. About 500 trees will be planted as part of the construction. The conclusion is scheduled for December of this year in…
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Israeli developer proposing two towers in Downtown Miami

July 18, 2019
Israel’s Mishorim, publicly traded on the Tel Aviv Stock Exchange and based in Bnei Brak, Israel, has presented plans to build the Mishorim Towers in downtown Miami. Miami’s Urban Development Review Board is scheduled to review the proposal on July 17. Thirteen waivers were requested from Miami 21 zoning code requirements. Mishorim owns the parking garage on the site right now, which was built in 1973 on a .86 acre property. Kobi Karp is the architect for the project. Mishorim Towers is aimed to include: Twin towers, 63 stories (701 feet) and 55 stories (597 feet)1,006,004 square feet of floor…
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Miami Beach’s entrance is getting a new colorful pedestrian bridge

The winner is in, and the design for the bridge planned to be built at the main entrance of South Beach was chosen this past week, according to remiamibeach. The developers Russell Galbut and David Martin picked a colorful option by French artist Daniel Buren. The project is still missing the approval of the city's Design Review Board, which is scheduled to vote in September, and construction should start soon after. The bridge will have its construction funded by Miami Beach taxpayers through a bond program at the cost of $10 million. The artist called the project Miami Beach Canopy.…
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Groundbreaking of the new $300M HQ from Royal Caribbean to take place later this month

July 12, 2019
Royal Caribbean's new global corporate headquarters will break ground this month. The $300 million project is being built at PortMiami. Plaza Construction, CBRE and architect HOK are overseeing the construction and they say it will become Miami's "first true corporate campus." "Plaza has been building iconic buildings in Miami since 2002 and is pleased to include Royal Caribbean in its portfolio," says Brad Meltzer, President, Plaza Construction. The campus will have at its center a 10-story, 350,000 square-foot building planned by HOK, landscaping will be composed of indigenous flora. The project also includes a soccer field, volleyball court, basketball court,…
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Monorail between Miami and Miami Beach may finally be on track

Casino giant Genting Group is closer to build and operate a monorail between Miami and Miami Beach after getting county's approval this week. Together with BYD, they ensure the project could be done economically and fast. With the approval, the companies can now move forward with the bidding process for the transit system. The mayor Carlos Gimenez and the press already released this information: Cost The project will cost around $400 million. Genting will provide $150 million, and the remaining $240 million would come from local governments: $100 million from Miami-Dade, $100 million from the state of Florida, and $20…
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Bal Harbour Shops secures $550 million loan for its expansion; one of Miami’s largest construction loans ever

Bal Harbour is one of the most exclusive portions of Miami. Small and full of sophistication, beach with a turquoise green sea, an enviable collection of five-star hotels, art galleries, renowned restaurants and more boutiques shops in its famous Bal Harbour Shops. Thus, to keep at the top of the list amongst demanding tourists, the Bal Harbour Shops just closed a $550 million loan for its expansion and renovation process. The famous open-air mall should double in size, adding another 300,000 square feet. Accordingly, it will receive several new stores, among them, the giant Barney's New York with 57,414-square-foot space,…
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Miami, one of the most desired cities to invest

June 29, 2019
Located in South Florida, famous for the beaches and beautiful warm weather year-round, the fusion of local and foreign cultures reflected in its daily life, international connections, tax benefits, and its attractive real estate market, Miami has become one of the most desirable cities in the world for those who want to invest in the US market. In addition to this dynamic and highly projected panorama, other data have enticed the interest of investors. Matias Alem, CEO of BRG International, a company that has been accompanying the investment processes of many foreign clients through processes of property purchases, rents, property…
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Zaha Hadid’s One Thousand Museum: closings starting next week

One Thousand Museum Residences, by the late Pritzker Prize-winning architect Zaha Hadid, obtained its temporary certificate of occupancy; closings will start as early as next week, as per developers announcement. The developers Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger, along with Hadid, broke ground on the 62-story, 84-unit condo tower in December 2014. The developers are now trying to score a $331 million condo inventory loan for the building, they even consulted Lotus Capital Partners, as The Real Deal recently informed. Offers were due in mid-June. The project, Hadid’s first and final residential condo tower in the western…
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Board gives the green light and Seaplanes could soon be flying from Miami

Seaplanes could soon be flying from downtown Miami waters after plans for the Seaplane Base were recently approved. The project includes a 44,838-square-foot terminal, a 3,600-square-foot hangar, and 51 parking spaces. A current building on the site will become a restaurant. Last week, Miami's Planning, Zoning & Appeals Board voted in favor of the plans. The legal dispute over the development has also been settled, informed the website Law.com. The Miami Seaplane Base was established in 1919 before the adoption of the first Zoning Code of the City of Miami in 1934. It was recognized as an existing public airport…
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Giant UK-Based Co-Living Operator Expands US Footprint

June 21, 2019
The Collective, a British developer of the world's largest co-living community, which has 8,000 units operating or under development in the UK and continental Europe, is expanding to the United States and Wynwood was chosen to host its fifth operation in the country. The project will cost $210 million and will have 325,000 square feet with eight to 12 floors and will include co-living spaces, restaurants, galleries, and art studios. The project will start construction in the next 18 to 24 months. The site is located at 2825 NW Second Avenue, which is the current address of Wynwood Gateway. Right…
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Updated: List of 10 towers planned to go vertical in Downton Miami in the next months

In the next few years, Downton Miami's skyline will go through many transformations, starting with a collection of new skyscrapers. To keep you on the loop, we have made a list of a few towers with more than 500 foot that are confirmed to begin construction in the next 12 months. Only projects over 500 feet were considered, so the list does not include projects such as Yotelpad, for example, or Caoba 2, CitizenM and Miami Plaza, as well as those that are already under construction. Now, let's go ahead and check the list of projects: Aston Martin Residences (Featured…
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Call Us At: 305 397 8788
605 Lincoln Road Suite 302 Miami Beach, FL 33139
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Contact Us

Call Us At: 305 397 8788

605 Lincoln Road Suite 302 Miami Beach, FL 33139

  • This field is for validation purposes and should be left unchanged.