Category: Top Stories

Miami Commercial Property News April 27, 2017: Developer Proposes to Redevelop Miami-Dade Courthouse; More…

Apr 27, 2017 - Top Stories - 0 Comments - Standard

Russell Galbut wants to redevelop Miami-Dade courthouse in exchange for $1.8 billion over 99-year lease Developer Russell Galbut made an unsolicited offer to build Miami-Dade a new, $300 million courthouse in exchange for a 99-year lease and the right to redevelop the existing courthouse. Under Galbut’s proposal, his firm Crescent Heights would collect at least […]

Miami Commercial Real Estate News April 25, 2017: Hyatt May Rebuild Downtown; More…

Apr 25, 2017 - Top Stories - 0 Comments - Standard

Hyatt may rebuild Miami hotel and convention center Hyatt Hotels Corp. and the Miami city government are discussing a deal to redevelop the company’s Hyatt Regency hotel in downtown Miami and the adjacent James L. Knight Center convention complex. The hotel and convention center opened on the north bank of the Miami River in 1982. Terms […]

Miami Commercial Property News April 20, 2017: Genting Wins; Scarface Chainsaw Scene to Become a CVS; More…

Apr 20, 2017 - Top Stories - 0 Comments - Standard

Gambling giant Genting wins Miami-Dade joint development Miami-Dade’s County Commission on Tuesday unanimously approved joint development at the Omni bus terminal with access to the Adrienne Arsht Center Metromover station for Resorts World Miami LLC, which is planning a 300-room hotel over the bus terminal. This will include air rights over the property for the Department […]

Miami Commercial Real Estate News April 18, 2017: Rents Decrease; Whole Foods Anchored Center Coming to South of Miami; More…

Apr 18, 2017 - Top Stories - 0 Comments - Standard

Whole Foods-anchored retail center coming to U.S. 1 corridor south of Miami Regency Centers Corporation announced plans to build a 70,000-square-foot retail center just south of Miami anchored by a Whole Foods Market grocery store. Jacksonville-based Regency will build the retail center, called Pinecrest Place, next to an existing 173,000-square-foot Target department store off U.S. 1. Regency […]

Miami Commercial Property Related News April 13, 2017: Allapattah Assemblage Trades; Transit Development Talk; More…

Apr 13, 2017 - Top Stories - 0 Comments - Standard

Allapattah assemblage sells for $3.1 million An assemblage of four parcels just sold for $3.1 million in Allapattah, as investors continue to target the gritty Miami neighborhood west of Wynwood for redevelopment. The properties include 2140 Northwest 36th Street (aerial), 2135 Northwest 35th Street, 2141 Northwest 35th Street and 2145 Northwest 35th Street. Records show the sites span […]

Miami Commercial Real Estate News April 11, 2017: Aventura Mall Sears to be Redeveloped; Auberge Nixed; More…

Apr 11, 2017 - Top Stories - 0 Comments - Standard

Sears at Aventura Mall to shutter, be redeveloped into mixed-use project The Sears at Aventura Mall will close this summer and the site will be developed into a mixed-use project. Sears, at 19505 Biscayne Boulevard, will begin its liquidation sale at the end of April and close by mid-July, the South Florida Business Journal reported. […]

Miami Commercial Property News April 6, 2017: $400 Million Project to Break Ground in Coral Gables; Dine-In Theater Coming to Brickell City Centre; More…

Apr 06, 2017 - Top Stories - 0 Comments - Standard

Historic Buena Vista Post Office building in Miami’s Design District sells for $8.1 million The historic Buena Vista Post Office building in Miami’s Design District just sold for $8.125 million, marking a near-record price per square foot in the redeveloping neighborhood, The Real Deal has learned. The 2,287-square foot building at 4000 Northeast Second Avenue, which […]

Miami Commercial Real Estate News April 4, 2017: Brickell City Centre Among Most Expensive Developments in American History; More…

Apr 04, 2017 - Top Stories - 0 Comments - Standard

At a cool $1.05 billion, Brickell City Centre makes Business Insider list of 8 most expensive real estate developments in American history Located in Miami’s financial district, the Brickell City Centre cost approximately $1.05 billion to build from 2014 to late 2016. The mega-development spans five blocks and consists of shops, a movie theater, restaurants, office […]

Miami Commercial Property News March 30, 2017: Wynwood Square Site Hits Market; More…

Mar 30, 2017 - Top Stories - 0 Comments - Standard

Proposed Wynwood Square site hits the market, could fetch upwards of $30 million The developer of the proposed Wynwood Square mixed-use project has put the site on the market rather than proceed with building it, The Real Deal has learned. Jeronimo Hirschfeld, founder and CEO of Miami-based One Real Estate Investment, planned the 12-story Wynwood Square […]

Miami Commercial Real Estate News March 28, 2017: Triple Five Halts American Dream New Jersey; More…

Mar 28, 2017 - Top Stories - 0 Comments - Standard

Miami commissioner goes after large-scale developments A second Miami city commissioner is going after a provision in the zoning code that allows for large-scale developments with relaxed conditions called Special Area Plans, or SAPs. Commission Chairman Keon Hardemon proposes a moratorium on SAPs near Biscayne Bay to give planning staff more time to review current regulations […]

Miami Commercial Real Estate News March 21, 2017: Merrick Manor Rising; Deloitte on Economy; More…

Mar 21, 2017 - Top Stories - 0 Comments - Standard

Development by design: Will Miami’s Design District live up to its promise as the city’s premier shopping destination? The once-gritty Miami Design District is nearing the final stages of its transformation into a luxury shopping destination and cultural hub, filled with designer shops, restaurants, museums, hotels, home furnishings and art collections. Designer boutiques like Louis Vuitton, Hermès, […]

Miami Commercial Property News March 17, 2017: Airbnb Scrutiny; Beckham Under Pressure; Little Havana’s Future; More…

Mar 16, 2017 - Top Stories - 0 Comments - Standard

Miami Commercial Real Estate Panel: Hotels seek level playing field with Airbnb A panel of commercial real estate developers on Tuesday touched on Airbnb, Zika virus hysteria and financing challenges builders in the commercial sector are currently facing. Diego Lowenstein, CEO of Lionstone Development, addressed the escalating conflict Airbnb is facing in Miami-Dade County. “We want […]

Miami Commercial Real Estate News March 14, 2017: MDM Closes on Former Arena Site; Staples & Radio Shack Store Closures; More…

Mar 14, 2017 - Top Stories - 0 Comments - Standard

MDM Closes On Purchase Of Miami Arena Site, Convention Center Hotel Coming MDM’s 53- story convention center hotel is one step closer. MDM closed on the purchase of the former Miami Arena site (birseye aerial view) late Friday for $45 million. The developer has issued a press release confirming the purchase. The deed is said to be […]

Miami Commercial Property News March 9, 2017: 1428 Brickell Sells; Paramount Miami Worldcenter clinches $285 million construction loan; More…

Mar 09, 2017 - Top Stories - 0 Comments - Standard

Paramount Miami Worldcenter clinches $285M construction loan Developer Dan Kodsi closed on a massive $285 million construction loan for Paramount Miami Worldcenter, marking the second biggest condo construction loan to close in Miami-Dade over the past two years. Inbursa Bank provided $170 million and BC Immigration Fund provided $115 million in financing for Paramount, a […]

Miami Commercial Real Estate News March 7, 2017: Allapattah Emerging; Warehouse Sells for $26 Million; Chinatown Plans for North Miami; More

Mar 07, 2017 - Top Stories - 0 Comments - Standard

Conceptual plan for Chinatown in North Miami unveiled Chinatown in North Miami? In a neighborhood with a nearly 75 percent black population, much of it Haitian, the city wants to turn a 16-block area into a district that will rival such well-known Chinatowns as those in New York, San Francisco and Los Angeles. A conceptual plan for […]

Miami Commercial Property News March 2, 2017: Cocowalk to be Partially Razed for New Office Building; Convention Center Hotel Land Set to Close; More…

Mar 02, 2017 - Top Stories - 0 Comments - Standard

The new owners of CocoWalk have a plan, and it’s not all about shopping After nearly 30 years without any new office buildings in Coconut Grove, the area is now slated to get two new projects as part of the neighborhood’s revitalization. The team behind the redevelopment of CocoWalk, a dining and entertainment complex in the […]