Feb 28, 2015 - 0 Comments - Top Stories -

Miami Commercial Property News | February 28, 2015

06One Brickell’s Riverwalk, Rental Units, Parking & Other Details

Arquitectonica has released updated renderings of tweaked plans for One Brickell, the three-tower megaproject planned at 444 Brickell Avenue.  Related Group and GTIS Partners bought the property in 2014 for $104 million, with plans to develop the project in phases.  The developer recently told th…

Investing in NNN Triple Net Leased Commercial Real Estate Properties

Not all real estate investors are created equal. A large number of them simply are looking to place their hard-earned money into a safe haven to avoid the often unpredictable nature of the financia…

Four big developments proposed in Miami Beach…and more

Four big developments proposed in Miami Beach. Panorama Tower, Miami’s tallest tower, is about to go vertical.  More…

South Florida Office Tenants Beware of This Reality

Across South Florida there is very little office space under construction. Some say that translates to a huge demand for office space in three to four years. What should tenants do?…

Panel debates North Beach’s potential for hotel development

Real estate professionals say Miami Beach may need to intensify its efforts to encourage hotel development in the city’s long-overlooked North Beach area.  “There’s no reason North Beach s…

Politicians Are Negotiating Again On Revising Gaming Laws, Including Possibility Of Destination Resorts

Could 2015 be the year that Florida legalizes destination casino resorts?  In an interview with the News Service of Florida, incoming House Speaker Steve Crisafulli signaled that he is open to the idea of destination resorts. In previous years, conservatives in the House have stymied&n…

Toll Brothers Wants To Build Condos In Miami, Scouting For Sites

Toll Brothers, one of the nation’s largest home builders, wants to build condos in Miami, and is looking for development property.  Executives of the Pennsylvania-based company said on a conference call yesterday that they have been searching for land in Miami to expand their urban de…

With 60 Percent Of Units Sold, Developers Prepare To Break Ground On Muse Sunny Isles

Site work is underway at Muse Sunny Isles, with groundbreaking for the 47-story tower expected soon.  Developers say that they have sold 60 percent of the 68 units planned. Buyers have come from New York, Peru, Venezuela and Brazil.  Muse will feature futuristic amenities such as a robo…

Claim: Met Square Archaeological Dig Is ‘Proof’ Of Sea Level Rise

The archaeologist hired by MDM Development to dig at the Met Square site says that he has uncovered evidence that the sea level has risen at least a foot over the past 150 years.  Bob Carr told the Herald that he found bricks from Fort Dallas, dating back to the 1860s, that were submerged a foot belo…

Embattled nonprofit Plaza Health Network sells property, insider pockets millions

The original facility of the Plaza Health Network, the Hebrew Home of South Beach, was sold last year for $13.6 million.  When nonprofit Miami-Dade nursing home operator Plaza Health Network sold a prime slice of Miami Beach real estate for $13.6 million…

Guitar Center: Is It Doomed?

When trends analyst Eric Garland — a musician in his spare time — checked out the financials of the 262-location national musical instrument retailer Guitar Center, he heard a whole lot of noise. The company’s complicated history of involvement with …

Going from bad to worse: the new southbound exit at Ft. Lauderdale/Hollywood airport

The new southbound exit ramp out of the Fort Lauderdale/Hollywood International Airport funnels vehicles to an intersection so congested it is rated near the bottom for traffic flow, according to a study commissioned by state transportation officials.

Town’s class action RICO lawsuit says Florida public records law misused to extort settlements

Town of Gulf Stream in South Palm Beach County has rolled out the heavy artillery in its legal war against residents Martin O’Boyle and Christopher O’Hare, filing a class action RICO lawsuit F…

Miami-Dade commissioners find $30 million to fix iconic courthouse

Last year, local judges and prominent attorneys led an unsuccessful campaign to convince Miami-Dade voters to foot the bill for a new $368 million civil court building, plus $25 million more to fix the iconic Dade County Cour…

Jeb Bush’s missing emails detail his lobbying support for Bacardi as contributions flowed

The mass release this week of emails covering presidential aspirant Jeb Bush’s years as governor omitted at least a dozen emails documenting behind-the-scenes lobbying support he gave to liquor giant Bacardi…

Federal highway agency takes a hit over safety report on electronic billboards

Why did the billboard cross the road?  It sounds like the opening line of a corny joke, but it’s actually a question raised by a baffling glitch in a Federal Highway Administration study on the safety of electronic billboards. Billboards that se…

History Lessons: To celebrate Miami Beach’s first…

To celebrate Miami Beach’s first 100 years, Ocean Drive Magazine has a nifty timeline of 47 big moments in the city’s history. From Rosie the Elephant to Gianni Versace, and of course Ocean Drive’s premier issue, there’s a lot of history on this little sandbar. Did you know the Shah of Iran came to …

Bikeshare-a-Palooza: Citi Bike Miami Beach Upgrades Will Finally Start on Monday

After a few delays, Citi Bike will finally start taking out old bike share stations on Miami Beach and installing new ones on Monday, according to an email sent out to members last night. They warn that things may be a bit hectic until the transition is completed, hopefully by March 15th…

Marvels of Zaha!: Construction crews at Zaha Hadid’s…

Construction crews at Zaha Hadid’s One Thousand Museum condo tower drilled down 160 feet for the augercast concrete pile foundations, the deepest augercast piles in Miami-Dade County. They’re needed to hold up the tower’s 62 stories stuffed with multimillion dollar apartments.

Curbed Maps: Ten of Miami’s Greatest Tiny Public Spaces

As Miami grows and urbanizes and the need for public space in the vertical city becomes more and more evident, the large efforts—bay walks, pedestrian streets, and new parks—will grab the most attention, but arguably more impact will be made by the smaller…

Privé-licious: Things are getting weird over…

Things are getting weird over at Privé. Developers Gary Cohen and Dan Lebensohn were able to get the Third District Court of Appeals to vacate a restraining order restricting them from finishing the sidewalk through the neighboring Island Estates that would allow them to build their two lux…

Going Up: Panorama Tower, Miami’s Tallest Tower, is About to Go Vertical

Foundation construction at developer Tibor Hollo’s Panorama Tower in Brickell, the future tallest tower in Miami, has reached ground level, and appears poised to go vertical any moment now. A full photo gallery of construction shots is over at Golden Dusk Photography. Last…