MIAMI | Development Thread

[dave8721]

Originally Posted by colemonkee

^ That'll be a huge victory for developers if they can get Ryan Gosling to walk along the riverfront like that.

Maybe he needs the work? It could be a good steady gig.

[chris08876]

Some news for just "one" of the Miami Area proxy cities:

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Developers have announced 16 new condo towers with more than 2,500 units in Aventura

A luxury condo builder has sold off a “prime” development site in Aventura. How is the Aventura condo market doing at this time?

Aventura is a 20-year-old city with more than 37,000 residents that is best known for a megamall, a golf resort and some of the most reasonably priced condos units east of Interstate 95 in northeast Miami-Dade County.

Located on the mainland just west of the high-priced barrier island city of Sunny Isles Beach, Aventura has traditionally served as an outpost for Miami-Dade residents who want close proximity — without the price tag — to some of South Florida’s best restaurants, retailers and sand located across the Intracoastal Waterway.

The recent move by the Chateau Group — a luxury condo developer that had announced plans to build at least seven towers during this cycle — to offload to an out-of-town builder rather than construct upon a condo development site in Aventura is raising speculation that the current South Florida real estate cycle is changing as several new towers have been announced since 2011.

To date, developers have announced 16 new condo towers with more than 2,500 units in the Aventura area that stretches from the Broward County line south to 163rd Street, and the Intracoastal Waterway west to I-95 as of March 20, according to the preconstruction condo projects website CraneSpotters.com. (For disclosure, my firm operates the website.)

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http://therealdeal.com/miami/blog/20...y-isles-beach/

[chris08876]

From our friend Golden Dusk. Amazing pics btw.

Construction Update: Monarc at Met 3




Credit: Golden Dusk Photography

[bobdreamz]

^ What a disappoint the MET 3 project turned out to be. Instead of getting a new tallest @ 828 feet which is a premium site for a skyscraper downtown you get a condo at only 349 feet. At least you can see the Whole Foods store is right in the heart of downtown now.


Link: https://farm8.staticflickr.com/7556/...04013877_b.jpg

^ With the Metromover guideway right above.


Link: https://farm8.staticflickr.com/7506/...001842c9_b.jpg

[Busy Bee]

^that entryway to the whole foods looks like shiz.

[chris08876]

Project: 321 North University Drive (In Plantation, Florida)

The new owner of the vacant Fashion Mall in Plantation plans to redevelop it as a mixed-use property with residential units, office space, shops and restaurants, The Real Deal has learned.

“Today’s demographics are looking for what we call a lifestyle center where they can live, work and play,” said Art Falcone, co-founder, managing principal and investment committee member of Encore Housing Opportunity Fund, based in Boca Raton, which made the winning bid for the Fashion Mall in a bankruptcy auction Thursday.

“We envision repositioning the property ” as a residential, commercial and recreational destination, Falcone told TRD on Friday.

Judge John K. Olson on Friday approved the $37.7 million sale of the vacant Fashion Mall in Plantation to an entity affiliated with Encore Housing Opportunity Fund.

Encore has several South Florida developments under way. It is co-developing Miami Worldcenter, a mixed-use development covering 10 blocks just north of Miami’s central business district; Platinum Residences, an 18-story condominium project at 700 North Ocean Boulevard in Fort Lauderdale, and Aventura Isles, a master-planned community in North Miami
.
The vacant Fashion Mall is an enclosed shopping center with about 828,000 square feet of leasable space on 32 acres of land at 321 North University Drive in Plantation.

Falcone said demolition of the long-vacant shopping center is part of Encore’s plan for the Fashion Mall property: “We would take down the mall portion itself and keep the parking sections up.”

The housing portion of the redevelopment would include “mid-rise types of residential living, both for rent and for sale,” Falcone said. “And we would add what we call an outdoor lifestyle center with restaurants and shops, similar to what you see at Mary Brickell Village [in Miami] or at the Mizner Center in Boca.”

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http://therealdeal.com/miami/blog/20...d-restaurants/

[chris08876]

Diversified Real Estate Capital and Hines to break ground on $134M luxury apartment development near Miami

The 8800 Doral Blvd. development will include one building with 300-units that feature balconies and same-floor, direct-access parking. Residents of the 300-unit building will have access to state-of-the-art amenities including a 7,500-square-foot fitness center, a spectacular pool area and common entertainment facilities. The remaining 250 units are situated in two garden-style developments designed for families and young professionals. 8800 Doral Blvd. lies approximately 10 miles west of downtown Miami in the highly acclaimed Doral school district. The 12-acre site is located at the intersection of 87th & Doral Blvd., directly across the street from the prestigious Trump International Doral golf resort, which is completing its own $250 million redevelopment.

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http://www.rejournals.com/2015/03/11...nt-near-miami/

[bobdreamz]

Originally Posted by Busy Bee

^that entryway to the whole foods looks like shiz.

What do you expect for a downtown store? The Pubix at 17th. & Biscayne Blvd. downtown looks like a no thrills store too from the outside.

[GoldenDuskPhotograph]

Construction at 1010 Brickell

http://www.goldenduskphotography.com...-1010-brickell

[MiamiSpartan]

Originally Posted by chris08876

Project: 321 North University Drive (In Plantation, Florida)


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http://therealdeal.com/miami/blog/20...d-restaurants/

hmmm...I think they should consider doing that to The Falls.....They are losing more stores every day it seems....Bloomies is rumored to be closing once World Center opens...

[brickell]

Originally Posted by MiamiSpartan

hmmm...I think they should consider doing that to The Falls.....They are losing more stores every day it seems....Bloomies is rumored to be closing once World Center opens...

And extend metrorail down there while you're at it.

[N830MH]

Originally Posted by brickell

And extend metrorail down there while you're at it.

Where the metrorail go? On which specific routes is that? Is that coming from Government Center station?

[colemonkee]

City Center as seen from Brickell Key during a beautiful sunset from my visit to Miami last Thursday. It makes a pretty good dent in the skyline, even from here. We were enjoying the wares of La Mar, which is pretty amazing, if not a tad overpriced. Still, worth it for the food and the view, obviously. Picture quality is pretty shoddy due to the zoom of the iPhone, but you get the idea.


Image Source: Me and my iPhone


Image Source: Me and my iPhone

[dave8721]

831, 837 and 1001 foot towers proposed to replace old retai complexes in the CBD:

http://www.thenextmiami.com/index.ph...etail-centers/

Several new high rises were proposed for downtown Miami over the past week, with heights ranging from 831-feet to over 1000-feet.

On March 19, a proposal was submitted for an 831-foot tower at 101 SE 1 Ave. It would replace the Ultramont Mall, a 94,810-square-foot retail center that sits on 59,900 square feet of land.

Ultramont is directly across the street from the iconic 625-foot Centrust Tower (now known as Miami Tower), famous for its nighttime light display. The architect of Ultramont, Schapiro Associates, wrote that it was designed for a ten year lifespan (it opened in 1983.)

The second proposal calls for a twin-tower project to replace a shopping center at 255 E Flagler Street. An east tower would top out at a height of 837-feet, while a west tower will rise to a height of 1,001-feet.

The twin-tower project would replace a retail center that is anchored by Marshalls. It sits on about 110,000-square-feet of land, across the street from 50 Biscayne and the Suntrust Tower.

[GoldenDuskPhotograph]

Reach Brickell City Centre Has Topped Off

http://www.goldenduskphotography.com...entre-tops-off

[N830MH]

Originally Posted by GoldenDuskPhotograph

Reach Brickell City Centre Has Topped Off

http://www.goldenduskphotography.com...entre-tops-off

Nice!!! Can't wait to be done soon.

[chris08876]

100 new condo towers now under construction in South Florida

Some four years into this current real estate cycle, developers now have at least 100 new condo towers under construction east of I-95 in the tri-county South Florida region.

The 100 towers categorized as under construction are slated to result in more than 11,550 units combined in Miami-Dade, Broward and Palm Beach counties as of Monday, according to the preconstruction condo projects website CraneSpotters.com. (For disclosure, my firm operates the website.)

In addition to the projects that are under construction, developers have already created an additional 22 new condo towers with nearly 1,600 units since this cycle began in 2011.

These statistics mean the combined number of condos that are currently under construction or already completed represents nearly 31 percent of the more than 42,700 units — to be located in more than 330 new towers — announced for South Florida.

The remainder of the new condo units in the development pipeline for South Florida are classified into one of two categories: proposed or planned.
In the proposed category, some 85 new condo towers with nearly 14,100 units have been announced but do not yet have the necessary governmental approval to build. This category of proposed represents nearly 33 percent of the overall total number of preconstruction condo units announced for South Florida.

An additional 126 new condo towers with more than 15,500 units are in the category of planned, or already approved. The planned category of projects accounts for more than 36 percent of the overall total number of units announced for South Florida during this cycle.

It should not be a surprise that Miami-Dade County is experiencing the most condo construction activity in the tri-county region since more than 72 percent of the new units announced to date are slated to be located there.
Currently, nearly 70 new condo towers with more than 9,500 units are under construction in Miami-Dade.

Broward — which accounts for nearly 20 percent of all new condos during this cycle — has 29 towers with nearly 1,900 units under construction.

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http://therealdeal.com/miami/blog/20...south-florida/

[chris08876]

Biscayne Green:

• Video Link

The project, called Biscayne Green, involves a near-total makeover of a six-block stretch of Biscayne Boulevard (from SE 1st Street to NE 5th Street, for those keeping score at home). It's being advanced by the Miami Downtown Development Authority, which recently detailed the changes in an application to the Florida DOT. Early indications suggest the state is on board with the plan, according to Miami Today:

“As state transportation partners, we find the DDA’s vision to be pedestrian friendly, aesthetically pleasing and in line with the department’s Complete Streets vision,” said Gus Pego, secretary for the state road department’s District Six, which encompasses Miami-Dade and Monroe counties, via email.

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http://www.citylab.com/design/2015/0...bility/388640/

[chris08876]

Project: 1201 NW 3rd Avenue (Island Living)

Another housing project is under construction in Overtown.

Island Living, with 70 units of affordable housing, is being built at 1201 NW 3rd Ave. A groundbreaking ceremony was held last week, although work has been underway for some time.

The ground floor of the eight-story building will include 5,000 square feet of commercial space. There will also be pedestrian friendly walkways, a playground area for children, green space and parking

At least 50% of the units in the eight-story tower will be dedicated to households with incomes that do not exceed 60% of the Area Median Income. The remaining units are dedicated to households with incomes not to exceed 120% of the Area Median Income.

Atlantic Pacific Communities and Palmetto Homes are the developers. Financing comes from a bond issues by the Southeast Overtown/Park West Community Redevelopment Agency.

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http://www.thenextmiami.com/index.ph...t-in-overtown/

[bobdreamz]

Originally Posted by chris08876

Biscayne Green:

• Video Link






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http://www.citylab.com/design/2015/0...bility/388640/

Looks like a great project and it seems like they are putting the parking under ground.