Ransom Everglades School Breaks Ground On Perkins+Will-Designed STEM Center
Ransom Everglades School has broken ground on their new three-story STEM Center designed by Perkins+Will. The new 45,000 SF building will feature 10 flexible classrooms, fabrication and maker labs, a rooftop outdoor lab, solar technology, a reconfigurable multi-purpose conference and a 200 person auditorium.
Ransom Everglades School has broken ground on their new three-story STEM Center designed by Perkins+Will. The new 45,000 SF building will feature 10 flexible classrooms, fabrication and maker labs, a rooftop outdoor lab, solar technology, a reconfigurable multi-purpose conference and a 200 person auditorium. As part of the construction process, Ransom Everglades moved nearly 60+ trees to a temporary tree garden which will be returned upon completion which is expected in 2020.
Berkowitz Contemporary Foundation Reveals New Rene Gonzalez-Design Coming To Edgewater
The Berkowitz Contemporary Foundation has revealed new plans for their proposed Edgewater location at 2626 Biscayne Blvd., replacing a previous Arquitectonica-design with one by Rene Gonzalez Architects.
The Berkowitz Contemporary Foundation has revealed new plans for their proposed Edgewater location at 2626 Biscayne Blvd., replacing a previous Arquitectonica-design with one by Rene Gonzalez Architects. The 45,000 SF foundation, which will be open for free public access, will feature its contemporary art collection on display in addition to a selection of sculptures indoors and in the outdoor plaza. The building will be built from cast concrete with a modern, cantilevering design. On display with be Richard Serra’s 180-foot-long “Passage of Time,” which will be placed in the outdoor plaza and will be visible to pedestrians and motorists. The building is also specially designed to house James Turrell’s “Aten Reign” light sculpture with uses a skylight above. The Berkowitz Contemporary Art Foundation is still in talks with the city and plans have not yet been submitted for review following the city’s rejection of the Arquitectonica-design on the grounds it did not adhere to Miami 21 Zoning Codes. A tentative groundbreaking is slated for 2020 with completion in 2023.
“The Berkowitz Contemporary Foundation’s announcement signals Miami’s ongoing evolution into a world-class destination for art and culture,” said Miami Mayor Francis Suarez. “This innovative space will serve as a valued addition to Miami’s rich creative landscape, and make extraordinary works of art accessible to the community.”
Virgin Continues Push Into South Florida, Reveals New PortMiami Terminal For Virgin Voyages
Just days after Virgin Trains USA announced it had taken a minority stake in Brightline and presented plans to the Securities and Exchange Commission for permission to conduct an initial public offering of stock, Richard Branson has continued his push into South Florida as Virgin Voyages prepares to launch.
Just days after Virgin Trains USA announced it had taken a minority stake in Brightline and presented plans to the Securities and Exchange Commission for permission to conduct an initial public offering of stock, Richard Branson has continued his push into South Florida as Virgin Voyages prepares to launch. Virgin has now revealed a new $150 million terminal in PortMiami for Virgin Voyages whose first ship, Scarlet Lady, will launch in 2020. The new 2-story terminal is being designed by Arquitectonica and will be made of storm resistant glass which will resemble a palm tree. Virgin is currently awaiting approval from Miami-Dade commissioners before breaking ground.
Metronomic Reveals $74 Million Mixed-Use Transformation of Grand Avenue in West Coconut Grove
West Coconut Grove, one of the hottest neighborhoods for development in Miami that has seen a massive transformation over the past 3 years, will be getting a massive new mixed-use project on the Grand Avenue corridor. Metronomic is under contract to purchase a 12 property assemblage at 3280-3461 Grand Avenue for $25 million with a closing date set in mid-February 2019. Metronomic, led by Ricky Trinidad, has proposed a $74 million, 297,000 SF mixed-use development that would feature luxury apartments, affordable housing, retail, office space, community parks, public parking and a 44-key hotel. Trinidad hopes receive FAA approval to build a rooftop helipad. The project is designed by Pablo Burgos of Burgos Lanza & Associates and Carl Levin of CLAD Architects.
The project would be built in multiple phases with the first being Metronomic Place, which will feature a boutique office building and the hotel component at 3280 Grand Avenue. Metronomic expects to break ground on Metronomic Place before the end of 2018 after locking down a $6.8 million construction loan financed by Fuse Funding. Metronomic Place will rise 5-stories and will feature the 44-key hotel, 5,000 SF of Class A Office Space, 3,200 SF of ground floor retail. Phase 2 would begin in March after the closing and would include the build-out of the rest of the project to be completed within 2 years. Phase 2 will include 38 furnished micro units, 82 luxury apartments rentals and 40 affordable housing units along with a public area for farmers markets and stage for live performances.
Zyscovich Architects-Designed Wynwood Quarter Project Revealed Including Micro-Units
Bel-Invest’s Zyscovich Architects-designed Wynwood Quarter project has been revealed as the developer has submitted plans for the first building for review by the Wynwood Design Review Committee.
Bel-Invest’s Zyscovich Architects-designed Wynwood Quarter project has been revealed as the developer has submitted plans for the first building for review by the Wynwood Design Review Committee. In total the mixed-use project will feature 6 buildings which include 276 residential units, 120 hotel rooms and 51,334 SF of retail. Of the residential component, a selection of units will be micro-units with 400 SF studio apartments. The project is located at 161 NW 28th Street.
Jo Palma Tabbed To Design The Basel Miami, Reveals New Renderings Of Proposed 36-Story Tower in Downtown Miami
Sean McCormick, whose family has owned 111 SW 3rd St. in Downtown Miami since 1970, has tabbed Jo Palma to design the new 36-story tower that will replace the existing warehouse on the property. Palma was behind the design for Cayan Tower in Dubai which is currently the tallest twisting tower in the world.
Sean McCormick, whose family has owned 111 SW 3rd St. in Downtown Miami since 1970, has tabbed Jo Palma to design the new 36-story tower that will replace the existing warehouse on the property. Palma was behind the design for Cayan Tower in Dubai which is currently the tallest twisting tower in the world. The new building will be known as The Basel Miami, and will rise 36-stories with over 234,000 SF of total development. The Basel Miami will feature office space, a boutique hotel, private residence on the upper floors and retail on the ground floor which is expected to feature a Modern Art Gallery. McCormick is looking for a joint venture partner and an established, signature luxury hotel brand to operate the hotel. The project has an expected cost around $100 million to develop. 111 SW 3rd St. is in an Opportunity Zone and is located across the street from Adler Group’s Miami Riverside Center, which is currently under development.
Voters Approve Privately Funded Miami Beach Convention Center Hotel
In the highly anticipated election on Tuesday night, Miami Beach residents approved the construction of an 800-room convention center hotel. The referendum needed a 60 percent vote in order to lease public land from the city and passed at 64 percent in its third attempt to bring a headquarter hotel to Miami. The hotel will be built on a city-owned parking lot adjacent to the newly renovated convention center.
The previous attempt in 2016 failed due to concerns over the size, originally twice as large as the current proposal, and traffic congestion. The tourism bureau estimates Miami Beach lost at least $250 million in economic revenue over the last several years because it was unable to accommodate larger scale conventions.
South Beach resident Andres Montejo, 43, said that the convention center hotel was one of the issues that drove him to the polls. Montejo, a businessman who travels frequently for work, said that the other cities he visits already have hotels connected to their convention centers.
“A convention center is great, but without a hotel it’s just another convention center,” he said after casting his ballot at Miami Beach Senior High School. “Anybody that travels ... you know that’s how the game works. It’s like that all over the world.”
Other residents, annoyed with the constant flow of construction and resulting noise and traffic in the area, decided to vote against the hotel.
The hotel will connect to the convention center via a pedestrian bridge and include a 53-foot podium containing parking, meeting spaces and ballrooms as well as two 185-foot-tall wings of hotel rooms. Voters authorized the lease and the construction of an 800-room hotel with a maximum height of 185 feet, but specifics of the hotel design will be evaluated by the city’s Design Review Board at a later date.
The group behind the proposal — Turnberry’s Jackie Soffer, Terra Group’s David Martin, Miami Design District developer Craig Robins and architecture firm Arquitectonica — emphasized that the hotel would be roughly 100 feet shorter than the previous proposal and include six times more space for cars to queue on the property so that they don’t spill onto the street.
“This is the right project for our city at the right time, and Jackie, Craig and I look forward to working with the community to deliver a hotel that will make Miami Beach proud,” said developer David Martin.
On a related ballot item, residents voted to earmark the guaranteed hotel rent payments for traffic reduction measures, stormwater projects and education initiatives, rather than sending the money to the city’s general fund where it could be used for a broader range of expenses.
According to the terms of the lease agreement, the hotel will have to pay Miami Beach either fixed rent totaling $16.6 million over the first 10 years or a percentage of hotel revenue, whichever is greater. Miami Beach estimates that the city will also collect $96 million in taxes from the hotel over the next 30 years.
Article by: Katya Demina
Voters Approve David Beckham's $1 Billion Freedom Park By Waiving Competitive Bidding On Election Day
New renderings of David Beckham and Jorge Mas' controversial proposal to build one of the biggest private office and retail parks in the U.S. on city owned land, known as Freedom Park, have been revealed.
Miami-Dade voters have approved a referendum waiving competitive bidding for the right to redevelop Melreese Country Club into a $1 billion mega-project complete with office, retail and commercial space and a soccer stadium.
The referendum allows the negotiation and execution of a 99-year lease with Miami Freedom Park, LLC. for 73 acres of the Melreese Country Club site at 1400 Northwest 37th Avenue. Miami Freedom Park, LLC. is comprised of David Beckham, Sprint CEO Marcelo Claure, and brothers Jorge and Jose Mas. As per the agreement, the group will pay an annual rent of at least $3.6 million, or fair market value as determined by two independent appraisals, plus $20 million to fund construction of a 58-acre public park, paid in annual installments of $666,667 for 30 years.
The Arquitectonica-designed proposal includes 400K SF of office space and 600K SF of restaurant, retail and entertainment space; along with 750 hotel rooms and a 25,000 seat soccer stadium with only 3,750 parking spaces. The city will be on the hook to redevelop and maintain the remaining land at the site at the expense of tax payers.
City National Bank & UBS Lease 142,000 SF Of Office Space Valued At $75.1 Million At Miami Tower
City National Bank of Florida and UBS have inked deals to lease 142,000 SF of office space valued at $75.1 million at Miami Tower, a 47-story, landmark office skyscraper at 100 SE Second St. in Downtown Miami.
City National Bank of Florida and UBS have inked deals to lease 142,000 SF of office space valued at $75.1 million at Miami Tower, a 47-story, landmark office skyscraper at 100 SE Second St. in Downtown Miami. The leases bring Miami Tower to 94% occupancy, outpacing Downtown Miami Class A office space market. The transactions were overseen by Transwestern’s South Florida Agency Leasing Team with Transwestern Managing Director Glenn H. Gregory and Vice President Christopher Dubberly provide leasing services on behalf of Miami Tower ownership.
City National Bank, the third-largest Florida-based bank, signed a long-term lease renewal and 57,000 SF expansion for a total footprint of 105,000 SF at Miami Tower. Upon its purchase of TotalBank in June 2018, City National Bank made the decision to expand within the building to accommodate its new headquarters, which the Transwestern team expedited. Matthew Goodman and Jeff Gordon of JLL represented the tenant. In addition, multinational investment bank and financial services company UBS renewed its 37,000 SF lease. Tony Jones of Cushman & Wakefield represented the tenant in the long-term lease.
“The transactions with City National Bank and UBS represent tenants’ ongoing attraction to Miami Tower as a preferred location, boasting nearby amenities and direct access to Interstate 95,” said Dubberly. “City National Bank had multiple options for where to place its headquarters, from owned to leased space, and, ultimately, Miami Tower’s attributes and the nimbleness of our team secured the deal.”
Transwestern was retained to lease Miami Tower in January 2017 when the building was 80.8% occupied. The team has since increased the building’s occupancy rate to 94.2 %, which significantly outpaces the downtown Miami office market’s average Class A occupancy, which is currently 78.3%. According to research by Transwestern on the two Miami Central Business District submarkets, Class A rent in downtown Miami averages at $44.97 per square foot, compared to Brickell’s $51.21 per square foot.
“With one of the lowest vacancy rates in downtown, Miami Tower stands out as a market leader on par with Brickell’s more expensive Class A office options,” said Gregory. “While Brickell has a Class A vacancy rate below 10 percent, compared to that of downtown at nearly 22 percent, it’s worth noting that more than 60 percent of downtown’s vacant space is contained within just two buildings. As those buildings compete for new leases, we’re pleased that Miami Tower is in such a positive position.”
Miami Tower is one of the tallest buildings that illuminates Miami’s skyline. Centrally located in Downtown, the LEED Gold building features a state-of-the-art conference facility, fitness center, the only on-site Metromover station in Downtown, and access to many restaurant, retail, and hotel options.
For more information about Miami Tower, private showings or leasing information please fill out the form below:
Starwood Capital Group Proposes Gensler-Designed Office Building On Collins Avenue in Miami Beach
Barry Sternlicht’s Starwood Capital Group has proposed a 6-story office building designed by Gensler on Collins Avenue in Miami Beach. The proposal calls for 136,342 SF of Class A Office Space and 8,088 SF of retail as well as 305 parking spots.
Barry Sternlicht’s Starwood Capital Group has proposed a 6-story office building designed by Gensler Architects on Collins Avenue in Miami Beach. The proposal calls for 136,342 SF of Class A Office Space and 8,088 SF of retail as well as 305 parking spots. There will also be a 25’ pedestrian paseo connecting Collins Avenue and Liberty Avenue which will feature restaurants and retail. The rooftop will offer flexible outdoor working space for use of penthouse office tenants. The building will be located at 2340, 2322 and 2318 Collins Avenue, on 52,725 SF of land which North Bay Owner Holdings LLC purchased for $22 million. The project will seek LEED Platinum and Wellness certification. As the project is in excess of 50,000 SF it is currently awaiting approval from Miami Beach’s Planning Board and a hearing is schedule for November 27.
For more information about office space on Miami Beach, private showings or purchasing/ leasing information please fill out the form below:
A newly completed seven-bedroom waterfront estate at 1155 Belle Meade Island Drive is coming to market with an announced asking price of $43.9 million.