Sep 25, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News September 25, 2015

Keyes Commercial Real Estate

Keyes Commercial

Cambria hotel with 165 rooms planned for North Miami Beach

Choice Hotels International Inc. has signed an agreement with local developers to build a Cambria hotel in North Miami Beach by 2017.  The Maryland-based hospitality corporation (NYSE: CHH) entered into a franchise agreement with CGI Merchant Group and another company identifying itself as 163rd Executive Center LLC…

Colombian developer announces Bijou Bay Harbor condominium

Colombian builder Juan Carlos Gonzalez recently launched sales for his Bijou Bay Harbor condominium in coastal Miami-Dade County.  The project calls for 41 units in seven stories at 9521 East Bay Harbor Drive. His company, JCG Bay Harbor, acquired the small apartment building on a 10,425-square-foot waterfront site for $8.5 million…

Related Group and Dezer to break ground on Hyde Midtown condo/hotel

Co-developers Related Group and Dezer Development will break ground on the Hyde Midtown Suites & Residences in Miami on Sept. 25.  The groundbreaking ceremony will take place at 10 a.m. at the project site at 3401 N.E. 1st Ave. in Miami’s Midtown neighborhood. The condo and hotel condo project was branded by sbe, led by CEO…

All Aboard Florida Breaks Ground On 3 MiamiCentral In Overtown

All Aboard Florida began construction on the 12-story 3 MiamiCentral office and parking complex in Overtown this week.  The company filed a Notice of Commencement yesterday that site demolition, mobilization, excavation and foundation work was underway. Construction crews were seen moving dirt in the site earlier this week.

Construction On Bentley Edgewater Hotel And Residences Scheduled To Begin In January

The Heafey Group has launched sales for The Bentley Edgewater, a 32-story condo and hotel project with 207 units.  Prices average $650 per square foot, with a 50% deposit structure that is typical for preconstruction condo’s in Miami. Sales representatives say that over 20% of the building has been reserved since sales launched a few…

Miami Beach to consider new building near Lincoln Road, bay front condos

MBeach1 LLC, headed by Robert S. Wennett, president of local developer UIA Management, wants to build a two-story building on the 12,000-square-foot parking lot at 1666 Lenox Ave. It’s on the north side of the 8-story retail, office and parking building at 1111 Lincoln Road.

10-Year, 50,000 SF Lease Deal Negotiated

The company relocated from Miramar.

BankUnited Fills CRE Exec Position with Lubian

Patricia Lubian has joined BankUnited as a commercial real estate relationship manager. In her new position, Lubian will handle development and management of commercial real estate in Miami-Dade County.  Lubian brings more than 25 years of experience, having most recently served as senior vice president…

Big ships welcome now at PortMiami

PortMiami is ready for the big ship era! It is the only major logistics hub south of Virginia capable of handling fully laden post-Panamax vessels. More than $1 billion of capital infrastructure projects are now complete.

County Wants to Replace Phillip Johnson-Designed Cultural Center with High-Rise Condos

Designed by the great Philip Johnson, the Miami-Dade Cultural Center was an exercise in urban revitalization when it was built, with mixed success. Nevertheless, the complex has become a…

The Faena House Penthouse Sells for a Record Breaking $60M

The brand new Faena House penthouse combined with another unit has officially sold for $60 million, making it the biggest sale ever for a single family home in Miami-Dade County. This comes almost a year after the news of the sale broke on Curbed when the building was still under construction,

Vizcaya Seeks Ideas For New Use Of Old Miami Science Museum Site

Vizcaya administrators have grand designs on the six-acre property and are launching a master-planning effort with a series of three public forums on the revitalization this Thursday, Saturday and Tuesday.

Where Miami real estate will heat up next: panel

A panel of real estate professionals said the next hot spots for Miami-area real estate development include not only beachfront communities but also urban locations in or near downtown Miami.  “The area that I am the most excited about in the future is…

South Beach’s Washington Avenue nabs new retail tenants

 

Three new retail stores are setting up shop on Washington Avenue near Eighth Street, amid efforts to gentrify the South Beach retail corridor, The Real Deal has learned.  Noah Fox, an associate with Koniver Stern Group told TRD he has just brokered three leases for the…

Motwani may sell Las Olas Riverfront

A partnership led by Dev Motwani is considering selling Las Olas Riverfront and is marketing it as a major redevelopment site in downtown Fort Lauderdale.  Merrimac Ventures, a real estate company…

Richard Siemens transfers ownership of development site for $14M

Florida-based developer Richard Siemens has transferred ownership of a 6.8-acre development site in Boca West, Palm Beach County records show.  The land is the future home of Akoya at Boca West, a 140-unit luxury condo development at Boca…

Developer sells office portion of Boca mixed-use site

An office building that’s surrounded by new development in downtown Boca Raton was just sold for $25.7 million.
The building is a mid-rise structure with 73,918 square feet of interior space, according to Palm Beach County proper…

Jeff Greene’s downtown WPB tower faces criticism

Billionaire real estate investor Jeff Greene has submitted plans for twin, 30-story mixed-use towers in downtown West Palm Beach, but local industry insiders are offering doubts about the plan.  Plans for the 829,000-square-foot project, at 550 North…

This Brand is Pushing Coworking Concepts Across Miami

Coworking is gaining national momentum. Locally, Pipeline Workspaces is one of the fastest growing with its unique twist on coworking.