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BRG International Kicks Off Art Basel Miami Beach with a Celebration of Nina Pandolfo

December 8, 2018
The private exhibit marked the kickoff of Miami Beach's Art Basel 2018, one of the largest international art fairs in the world.  The influx of arriving international visitors, celebrities and art collectors offers luxury real estate brokers unparalleled access to the most affluent buyers participating in the event. The Wednesday evening event, hosted by BRG International, welcomed about 200 art enthusiasts. "Art Basel Miami Beach gives real estate brokers and developers a significant opportunity to interact with the art community. The annual fair attracts international attention and is the only time of the year where curators, collectors, investors, and high…
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Owner Of Treasure Island Las Vegas Buys Casino Miami, Hotel Planned

Casino Miami (formerly Miami Jai Alai) has been sold to Treasure Island Las Vegas owner Phil Ruffin. Ruffin, who is a billionaire, intends to develop a hotel on the property, a spokesperson told the Las Vegas Review-Journal. Casino Miami is said to have 21 developable acres. “We plan to bring Las Vegas to Florida,” Ruffin told the Miami Herald. The purchase price was not disclosed, but the property last sold in sold in 2014 for $155 million. Casino Miami is now more valuable after Florida voters passed Amendment 3 last month, which will make expansion of gambling much more difficult, The Ruffin spokesperson said.…
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Once-contentious Sunset Harbour project scores approvals from Miami Beach

Deco Capital Group secured key approvals from two Miami Beach boards over the past week and is moving forward with its plans for a scaled-back development in the Sunset Harbour neighborhood. Bradley Colmer, managing principal of Deco Capital, said the developer has all the city approvals it needs now that it got the OK from the planning and design review boards, but it’s still facing opposition from the nearby Beach Towing Services, which is appealing the project’s approval. RWN Real Estate Partners, a New York-based private equity firm backed by billionaire Marc Rowan, is a majority partner in the project.…
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Dezer May Be Planning 749-Foot Tower To Replace Thunderbird In Sunny Isles

November 30, 2018
Gil Dezer may already be working on his next development in Sunny Isles, taller than anything he has built so far. Recently, an application was submitted to the Federal Aviation Administration to build a tower at 18401 Collins Avenue, agency records show. According to the application, the tower will rise 741 feet above ground, or 749 feet above sea level. No tower in Sunny Isles has yet surpassed the 649-foot mark, but Estates at Acqualina has asked for approval to build two towers at 749 feet. Days Hotel by Wyndham Thunderbird Beach Resort is currently operating at the site, with Dezer…
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Diesel Living Condos Wynwood Set To Launch Sales In Early 2019

Diesel, the Italian fashion brand, has announced plans to build a Diesel Living condo building in Wynwood. There will be 143 loft-style units in the new building, with 24,000 square feet of ground-floor retail. Sales will launch in the first quarter of 2019. “Diesel Living is the first true concept of modern living by a fashion brand. It reflects the lifestyle of today’s young generations, moving around the world and living life on their own terms. It reflects their ‘social’ way of interpreting their residences, spaces where they live, work and entertain with friends – spaces that say a lot…
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Miami One Of The Fastest Growing Cities In The World For Offshore Capital

Private bankers say that Miami is now among the fastest growing recipients of offshore capital in the world, according to Bloomberg. Recent tax amnesty laws in Argentina, Brazil, Chile, Colombia, and Mexico have helped capital emerge from the shadows, benefiting Miami. Economic and political crisis in parts of South America have also helped fuel Miami’s growth. Itaú Unibanco Holding SA says Miami is now their fastest growing office. The bank manages $13 billion in assets in Miami, out of $23 billion in total offshore holdings. Ten years ago, the bank had just $3.4 billion in offshore assets. The wealthy are increasingly attracted to…
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Waldorf Astoria’s Sales Gallery is now under construction

November 21, 2018
Waldorf Astoria, one of the tallest buildings being planned in Florida with 1,049 feet in height, has their sales center underway, with workers installing wood paneling; interior build-outs are next. Designed by Sieger Suarez Architects, the skyscraper will resemble a pile of unevenly stacked glass cubes. With 500 luxury condos planned, developers had projected to top $1 billion in sales. The Waldorf Astoria Hotel and Residences Miami, planned to be located at 300 Biscayne Boulevard, will mark the introduction of the Waldorf Astoria brand in Miami. Pre-sales aren’t scheduled to begin until late 2019.
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Ultra Music Festival has a new home in Virginia Key

Kicked out of Bayfront Park, Ultra Miami found its new home on Virginia Key - at least for the 2019 edition. Miami commissioners approved by four votes to one a contract for Ultra to be carried out on site. The organization is rushing to streamline the next edition in March in two neighborhood settings: the park near Miami Marine Stadium and the historic Virginia Key Beach Park. The production of the festival will have to pay $2 million dollars, and half of that amount should be used to help build the city's first Afro-American Museum - until the mid-twentieth century,…
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After partnering with Richard Branson, Brightline is now Virgin Trains

Richard Branson's Virgin Enterprises Limited has announced the purchase of a minority share of Miami-based Brightline; with the acquisition, the company will be known as Virgin Trains USA as part of the licensing agreement. Soon after the purchase announcement, the company filed to go public. Branson, who visited Brightline operations about a year ago, said: “It was clear from that our first visit that Wes Edens, Brightline’s founder, and his team had an exciting vision and the skills for American rail travel that no other private American enterprise has been able to do for a century.” The company plans to…
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New Upzoning: Taller buildings and Micro-Units are Welcome in North Beach

November 16, 2018
After approval by residents to endorse a zoning increase for a ten-block area of North Beach, the city of Miami Beach approved the voter-mandated upzoning that creates space for developers to build taller buildings and micro-units. With the new changes, property owners are allowed to build twice as much in the Town Center area, between Indian Creek Drive, Dickens Avenue, 72nd Street, Collins Avenue, and 69th Street. Boosters expect the new zoning to help increase the economic development of the area seeing as forgotten. Robert Finvarb, a developer, said the new zoning would allow him to build two 220-foot-tall buildings…
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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.