Apr 27, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News April 27, 2015

Miami Area Commercial Property: Coral Gables Office BuildingSimon Property Group joins Brickell City Centre mall project

Mall giant Simon Property Group has joined the team developing the 500,000-square-foot retail component of Brickell City Centre.  Master developer Swire Properties previously brought Whitman Family Development, the owner of the Bal Harbour Shops, in on the deal, and now Simon (NYSE: SPG) has become the third partner…

Proposed Condo Developments Could Transform Little Havana

Little Havana was an abandoned commercial district in the 1950s. A decade later this blue collar neighborhood became home to many exiled Cuban immigrants following the 1959 Cuban revolution. Now, this Hispanic community has become a vibrant commercial district and tourist destination. The neighborhood has…

Miami commercial real estate rally rolls on

All appears to be well in Miami-Dade’s commercial real estate world. Transactions involving trophy office buildings in downtown Miami and Brickell have been spurred by dropping vacancy rates and rising rents, thanks to a lack of inventory. The hotel sector continues to sizzle with eye-popping deals including the sale of the Miami Beach…

Four major development projects on Broward agenda

The Broward County commission will give four big development proposals their first hearings at its April 28 meeting.  Walmart Stores East (NYSE: WMT) and Aventura-based Master Development want to build a shopping center in Miramar.

Weston charter school campus turned over to former owner

A Weston property that serves as the home of Imagine Charter School was turned over to its former owner as part of the consideration for releasing a mortgage.  Dr. Lloyd A. Moriber, of Bal Harbour, sold the 67,759-square-foot campus on 7.65 acres at 2420 and 2440 Glades Circle to Weston Office Properties for $12.5 million.

Is the “Miami Innovation Tower” Right for Overtown/Park West?

Taller than the Space NeedleA 600 foot tall advertising tower in Overtown/Park West may dominate the landscape in years to come that will top off the insult to Overtown itself that has was long ago done with the construction of I-95. Is this really any path of progress towards racial or economic…

Laquer scores legal victory in fight for piece of Miami Worldcenter

Real estate broker Edie Laquer’s lawsuit, seeking an ownership stake in the $1.5 billion Miami Worldcenter project, has been revived after an April 22 ruling by Florida’s 3rd District Court of Appeal.  The mixed-use project, on 27 acres on the north side of downtown Miami, is one of…

Eleven In The Roads, A Brickell-Area Residential Project, Set To Break Ground Next Week

Construction is about to begin on Eleven In The Roads, a residential project in the Brickell area.  Just 24 units are being built at Eleven, in two separate three-story buildings designed by architect Kobi Karp. The 24-unit project is being marketed as a luxury project with high-end appliances and finishes, at prices averaging $425 per square foot.

Another Broward Schools whistleblower alleges misconduct, this time in land sale

A senior property coordinator for Broward County Schools who resigned last month claims district administrators appear to have violated state law by not telling the school board about a bidder that offered to pay a higher price for surplus school land….

Architectural Craziness: What are the ‘8 wackiest South Florida…

What are the ‘8 wackiest landmarks dreamed up for South Florida’? Here are a few contenders, although better ones are no doubt out there: The Miami Marlins’ home run sculpture, Gulfstream Park’s giant pegasus, SkyRise Miami, an indoor ski slope on a superfund site, Resorts World Miami, and of course…

Sleeping Around: South Beach’s Morris Lapidus-designed Nautilus set opening date…

South Beach’s Morris Lapidus-designed Nautilus Hotel has finally set an opening date, or at least a soft opening date. Reservations on its website are being accepted as of July 6th. There’s also one rendering of a hotel room interior, which HotelChatter generally complements except for saying “what…

Giant billboard tower could grant millions to Miami CRA for approval

The developer of a proposed electronic billboard tower that would be about as tall as the Gateway Arch in St. Louis could grant millions in incentives to a Miami community development agency in exchange for approval.

Starchitecture: Bona-fide Starchitects are Designing That Giant LED Tower

This morning the Miami Herald updated the article we reported on yesterday about the giant Miami Innovation Tower that developer Michael Simkins is proposing for Miami’s Overtown neighborhood with two new renderings and a rather interesting piece of information: it’s being designed by SHoP…

Revenge of the megaprojects: The Design District Pedestrian Mall Will Extend to 42nd Street

DACRA has formally announced the next phase of the Miami Design District’s big expansion in today’s Miami Herald: the extension of the pedestrian Paseo Ponti two blocks north where it will terminate in an art filled plaza. According to guide maps that plaza will be called Paradisea…

Miami Emerges as Promising Tech Cluster

Miami, long known as the gateway to Latin America, is fast becoming the technology hub of the region, according to CBRE.

Swire, Simon and Whitman Tag Team on Brickell Retail

You might call them the Big Three. No, it’s not Wade, Bosch and James. It’s Swire, Whitman Family Development and Simon Property Group. Find out what they are up to…