Miami Beach convention center hotel developer says project will bring more shoppers to Lincoln Road, less traffic The Miami Beach Convention Center isn’t living up to its potential, says Jack Portman, vice chairman of the company developing the property’s headquarters hotel. Its frequent events clog up roadways during the day, and to the disappointment of […]
In the seven days to September 7, 2015, MLS counts 74 new listings for improved commercial/industrial properties within Miami-Dade County, down slightly more than one fourth from 101 new listings in the week ending August 31st. Worthy of noting among the new listings is a redevelopment opportunity in Wynwood with nearly 11,000 square feet of land offered […]
TriStar and RFR seeks renovation of historic Lincoln Road building for retail TriStar Capital and RFR Holdings will go before the Miami Beach Historic Preservation Board on Tuesday morning seeking permission to renovate and expand a building on Lincoln Road for retail. A joint venture between the New York developers bought the 17,642-square-foot building at […]
Active Listings for Commercial Land Miami-Dade County MLS 5 Years Ending July 2015 On the Miami-Dade MLS, the number of commercial land property listings in Miami-Dade County dropped a bit in the month of July to 815 from 819 in the prior month. As can be seen in the accompanying chart, which displays active commercial land (commercial/ […]
World’s fourth-richest man Ortega buys Lincoln Road block with an Apple store for $370M A company controlled by Amancio Ortega Gaona, the world’s fourth-wealthiest man, purchased a full block of South Beach’s Lincoln Road Mall – including space leased to Apple – for $370 million. In three deeds, Ortega’s Playa Retail Investments purchased every […]
The median days to sell commercial land within Miami-Dade County (on MLS) shot up to 111 in July, but from a seemingly anomalously low 58 in June. When viewed over a longer period, 111 days is well buried in the lower part of a range that, but for a couple of outliers like the aforementioned […]
Condo Above Biscayne Boulevard Church Approved, May Be Built In Phases An attorney for developer Fifteen Group said yesterday that a retail and condo project above a historic church at 1836 Biscayne Blvd may be built in phases. The developer won approval for both the project and historic designation of the property. Thanks to the […]
In the seven days to August 31st of 2015, MLS counts 23 new listings for commercial/business/agricultural land, down by about a fourth from the level the week ending August 24th which had 31 new listings of this type. Worth highlighting among the new listings is one with an asking price of $11.95 million for 45 acres in Southwest Miami-Dade County zoned […]
American Dream Miami developer secures more land for mega mall Triple Five Group has locked up an additional 24.6 acres in northwest Miami-Dade County, where it plans to build American Dream Miami, the largest mall and theme park in North America. International Atlantic, an affiliate of the Edmonton, Alberta-based company, recently purchased a 15-acre site […]
The MLS closing price to list price ratio for commercial land in Miami-Dade County dropped a bit to 88.8% in July versus 93.5% in June. This remains, however, in the upper part of a range for the prior 3 years or so of 82% or so to about 93%.
FAA warns six Miami towers could be too tall, including Related Group projects The FAA notified developers of six high-rise towers in Miami in August that their proposed projects could be too tall, including two condo buildings by the Related Group. The “notice of presumed hazard” letters are interim warnings and not final rulings. They’re […]
