May 27, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News May 27, 2015

Downtown Miami SkylineMount Sinai Planning To Build A New Eight Story Hospital Tower In Miami Beach

Mount Sinai Medical Center wants to build a new eight-story tower on their Alton Road campus in Miami Beach.  The project includes the renovation of part of the existing facilities, with the new tower above the renovated space. It is a part of a master plan currently being reviewed by the city that also calls for a new employee parking garage.

Doral Makes it on Yahoo’s List of 15 Fastest-Growing Cities In The U.S.

Texas or California; cities in the two states absolutely dominate the ranking of fastest-growing cities with populations of 50,000 or more. Texas and California alone take up half the top 50 fastest-growing cities, with 15 for Texas and 10 for California, according to numbers just released by the U.S. Census Bureau.

Four 60-story riverfront towers move ahead

A large project planned for riverfront property adjacent to I-95 would bring more than 1,600 residential units to Miami.  These new residences would make up the bulk of four 60-story towers, the heart of a mixed-use development named after the body of water it embraces: Miami River.  Along with its size…

Miami Gardens office buildings sold for $12.6M, half off previous deal

A trio of Miami Gardens office buildings known as Lincoln Square sold for about half their previous sale value eight years ago.  Scott Sime, of Miami-based Sime Realty Corp., said he brokered the $12.6 million sale on behalf of seller Divine Square LW, managed by Eduardo Ferandez Agraz in Miami. The property last traded for $25.74 million…

Apartment tower to link booming Midtown & Design District

Site work has commenced on a transitional project set to bring nearly 200 rental apartments and new retail shops to Miami as it connects Midtown with the Design District.  The neighboring Wynwood Arts District is also listed as playing a role in the design concepts employed for District 36.  The 19-story tower, rising on a vacant lot…

Plan for 1,237 units at Diplomat and Chateau Square among Hallandale Beach proposals

The Diplomat Resort & Spa’s plan to build 1,237 hotel and condo units and a mixed-use project by condo builder Chateau Group are among five big development proposals recently submitted in Hallandale Beach.  Two of the five proposals are on the agenda of the city’s planning and zoning board on Wednesday evening. See the slideshow…

Wynwood district tries to expand

The push continues to expand the Wynwood Business Improvement District (BID) by pushing out the boundaries slightly but also by including more properties that are already within its geographic area. If the drive succeeds, 130 more businesses might join.  “It’s not going to happen overnight,” said Albert Garcia, BID director…

Miami Mayor on MLS/UM Stadium: ‘Running Out of Time’

Is David Beckham finally going to concrete a plan to build an MLS stadium in Miami and potentially team up with Canes football?  Carlos Gimenez, the mayor of Miami-Dade County, joined WQAM to update South Florida with the latest.  “I think they just want to get a stadium built,” Gimenez said on the Joe Rose Show Tuesday morning…

It’s Offiical: Alton Road’s Big Fancy Whole Foods Got its Big Fancy Approval

The third time was a charm for the 40,000ish square foot Alton Road Whole Foods Market designed by Chad Oppenheim which was officially approved today by the City of Miami Beach. After a disastrous ‘christmas colors’ first try, and a marginally svelter but still rejected revision, developers…

Boot Camp Beach: Miami in World War II Was A City-Sized Bootcamp in Paradise

While the hurricanes of war raged across both oceans, the stateside industrial and human efforts that made World War II possible stormed into Miami with seemingly as much gusto. The city’s grandest resort hotels became war hospitals (some of which never checked out, eventually dooming buildings by…

Comment of the day: “I think thee biggest problem with Cocowalk…

“I think thee biggest problem with CocoWalk is that they crammed too much retail into a site that was too small. Also the 3 levels of retail and restaurants don’t work because the number one rule for business that I know is location (should be on the ground floor). The store on the second level have…

Luxury & Culture Behind Miami’s Growth as a Destination for the Wealthy

The City of Miami continues to emerge as a top global destination for the über-wealthy. According to Knight Frank’s annual Wealth Report (2015), Miami is ranked 6th globally, 2nd in the U.S. and will remain among the world’s top 10 most important cities to Ultra High Net Worth…

Crescent Heights gets planning OK for new Whole Foods in South Beach

Developer Crescent Heights was given the go-ahead on Tuesday by the Miami Beach Planning Board to build a new 50,000-square-foot project that will include a new Whole Foods Market…

Eyewear brand Illesteva sets sights on Wynwood

Illesteva, a New York-based luxury eyewear and accessories brand, will open its first South Florida store in Wynwood, as the neighborhood boosts its retail offerings, The Real Deal has learned.  Jason Weisman, principal of JAW Commercial…

Melo Group completes second new Edgewater condo tower this cycle

A second new condo tower has been completed in the Edgewater neighborhood of Greater Downtown Miami by the same developer that started this current South Florida preconstruction boom in April 2011.  The Melo Group — which constructed the 23 Biscayne Bay condo…

CVS to open 12 Hispanic-themed stores in South Florida

CVS/pharmacy is opening 12 South Florida stores catered toward the Hispanic community, the company announced recently.  The CVS/pharmacy y más locations include 11 remodeled CVS stores and one new store. The pharmacies will feature fully bilingual staffs, more than 1,500…

Miami home prices rank fourth in country for growth

Miami saw some of the country’s largest gains in home prices, according to S&P Case-Shiller’s Home Prices Indices for March 2015.  Home prices in Miami grew 8.7 percent during March compared to the same month last year, outranked only by Denver…