Sep 22, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News September 22, 2015

Miami Skyline at Dusk with Numerous Signature Commercial BuildingsMiami Worldcenter Files Plans To Build U-Haul Surface Parking Lot

Miami First, LLC, a Worldcenter affiliate, submitted plans late last month to build an ‘outdoor vehicle storage facility’ for U-Haul.  The surface parking lot will be built at 1001 N Miami Ave, next to U-Haul’s existing facility. Nearly 50 trucks will be parked on the new lot, plans show.  A six-foot fence will surround the property, along…

Pipeline Workspaces opens 14,000-square-foot office in Coral Gables

Shared office concept Pipeline Workspaces has opened its third location in Coral Gables.  At first slated to open in April, Pipeline’s 14,000-square-foot office at 95 Merrick Way will cater to entrepreneurs, start-ups, lawyers and international business executives, the company said Monday.

Number Of Units Proposed At Worldcenter Reaches 2,569

Worldcenter proposed residential unit count as of September 2015 (excluding hotel):  Rental units: Luma – 429; Block G West – 422; Block G East – 450; Block E Rental – 418; Total – 1,719.  Condo units: Paramount – 470;
Block E Condo – 380…

North Miami Beach strip club could be redeveloped for mixed-use after acquisition

 

A group of developers plans a high-density, mixed-use development in North Miami Beach after purchasing a 2.2-acre site for $23.5 million.  CK Holding Group, led by Alberto Kamhazi and Jacobo Kamhazi, and Prive Land Banking, headed by Javier Rabinovich and Mariano Karner, acquired the property at the northeast corner…

Ibis Hotel Coming to a Brickell Lot that Apparently Used to be Full of Chickens

An Ibis Hotel is being built by Galwan, a Brazilian developer, on a surface parking lot in Brickell, according to The Next Miami, that before it was a parking lot used to be called the ‘chicken lot’ because it was full of chickens. It might still be full of chickens, although Curbed didn’t check i…

Comment of the day: “Faena and Foster’s partnership has succeeded…

“Faena and Foster’s partnership has succeeded in creating the most pristine suites of sterility on the beach. The alero feature is dramatic, but everything else is a chromatic void probably best experienced behind oversized Persol shades, and a fedora.”—designated [Inside the First Faena House…

Walmart Wars: Chronicles of the Midtown Miami Walmart Wars, Continued

After being sued over and over again, Walmart is that much closer to opening its three-story, 203,000-square-foot superstore in Midtown Miami. On August 24th, Walmart won its latest appeal in Miami-Dade Circuit Court against neighborhood activists. The group of opposing residents argue the store

Commercial Real Estate National News Roundup For Sept. 22, 2015

Trump does Bali, the Fed hits the snooze button, European commercial investment levels are dropping jaws, and just what does three hundred bucks a square foot get you in Manhattan?  It’s all here at the Commercial Real Estate News Roundup for September 22, 2015.  General: The Verdict on…

PortMiami Hoping to Continue P3 Success

A new public private partnership (“P3″ or “PPP”) is coming to PortMiami. Royal Caribbean Cruises, LTD (“RCCL”) seeks to design, build, finance, operate, and maintain a new cruise terminal in the northeast section of the Port. RCCL’s plans have been…

After Record Sale, The Lincoln Up for Grabs Again

“We are seeing record high interest from retailers and companies looking for space on Miami Beach, particularly near Lincoln Road.”

Ken Krasnow Makes ‘Catches its Breath’ Prediction

“ If I had a crystal ball, I would say that in 2016 we will not see…”

Is the South Florida Market Too Hot?

Are we about to see a repeat of the crash that left condos in default and office space dark?

South Florida-born pizzeria to open 50th location

Anthony Bruno, who grew up in New York, said good pizza concepts were scarce in South Florida before he opened his coal-fired pie eatery in Fort Lauderdale.  “I never really heard anybody tell me about places with great pizza,” he previously told the South Florida Business Journal.”I knew I could put out a pizza that people would talk about.”