American Da Tang Files New Lawsuit Over Vacant CCCC Towers Site In Brickell

American Da Tang and Shanjie Li have filed a new lawsuit over breach of contract at the site of the formerly-proposed CCCC Towers in Brickell. The joint venture was under contract to manage the development in exchange for a 5% equity stake in the project. The site is also tied up in a lawsuit in Hong Kong over control of the site after Asia Allied Infrastructure Holdings Limited (formerly Chun Wo), who owns a 45% stake in the project, filed suit against China City Construction Group due to lack of progress at the site. Miami’s Unsafe Structure Panel issued an emergency order in March 2019 requiring the developers to fill in the 2-story excavation of the site which has sat vacant for over 10 years. The Arquitectonica twin tower design that was proposed would rise 1,069’ and would feature condos, hotel, office and retail space with a total development value of $875 million.

New Renderings Revealed For Naeem Khan Studios, The Designers New Headquarters & Fashion School On The Miami River

New York designer Naeem Khan, a celebrity designer who has dressed Beyoncé, Michelle Obama and Kate Middleton, has officially proposed Naeem Khan Studios as he plans to move his headquarters to Miami in conjunction with a high school dedicated for students to study fashion. The project, which is being designed by Alfonso Jurado Architecture, is located on the Miami River at 1175 NW S River Drive and the proposal was reviewed by the Miami River Commission’s Urban Infill and Greenways Subcommittee in March 2019. The proposal calls for two separate buildings with a total of 80,080 SF of development, 45,420 SF of which will be the 5-story studio building an 34,460 SF will make-up the 4-story school structure. Naeem Khan will use the studios as both a corporate headquarters and manufacturing facility while the school will operate as an extension of Miami Dade’s Design and Architecture Senior High, also known as DASH. The developers are asking for a 34% parking reduction from 70 to 46 spaces and they will lease off-site parking.

Check Out The Newly Revealed Renderings Of The RTKL-Designed Plaza Coral Gables

New renderings have been revealed of Plaza Coral Gables, the largest project to ever be built in Coral Gables, valued at over $600 million. Construction on the project, which was formerly proposed as Mediterranean Village by developer Ralph Sanchez, is currently underway after Phase 1 broke ground in Summer 2018. The Plaza Coral Gables is now being developed by Agave Ponce, LLC., an affiliate of the Cuervo Tequila Company. The Plaza Coral Gables, which was designed by RTKL, will offer over 2.1 million SF of total development spread over roughly 7 acres. When complete the project will offer 174 luxury rental apartments, 242 hotel rooms, 161,000 SF of retail, 447,000 SF of office space spread over 2 towers and 2,400 parking spaces. A completion date for Phase 1 is expected in 2020 before the developer will break ground on Phase 2 and Phase 3.

America's Southernmost Marina Key West Harbour Sells For $39.5 Million

Key West Harbour, the southernmost marina facility in The United States located in Key West, Florida, totaling 13.1 acres, has sold for $39.5 million. Avison Young Principal George Vail represented the seller, iStar Inc. Key West Harbour is located on Stock Island, a transformative tourist enclave in Key West, emerging with luxury hotel, boating, and recreational fishing. George Vail describes the property as a rare high-quality asset that offers strong in-place cash flow and potential for rent increases and redevelopment opportunities. Key West Harbour, located at 6000 Peninsular Ave., Key West, is also Key West’s sole hurricane grade, dry rack storage facility.

“Stock Island has traditionally been known as a commercial fishing destination and is emerging as a tourist, luxury hotel, boating, and recreational fishing mecca,” said Vail. “Key West Harbour is a rare high-quality asset that offers strong in-place cash flow and potential for rent increases and redevelopment opportunities.”

Key West Harbour was completed in 2008 and features 99 wet slips, 375 indoor dry racks, 13 outdoor dry racks, and six workforce and market rental apartment units. The class A hurricane rated marina also offers several amenities including a clubhouse featuring a full-service restaurant and pool, event space for weddings, and a private beach.

“After Hurricane Irma, there was an initial pause with the influx of investments within the Keys,” added Vail. “Economic advantages and geographic anomalies remained, and activity has significantly rebounded.”

Miami Beach's Historic Seymour Hotel Designed By B. Kingston Hall Has Sold For $2.2 Million

Miami Beach’s historic Seymour Hotel has sold for $2.2 million after being on the market for 5 weeks with a closing in just 30 days. Designed by famed art deco Architect B. Kingston Hall in 1936, the tropical art deco building features 17 rooms, 12,414 SF total, and is in the center of the nation’s only historic district composed entirely of twentieth-century structures. The property is located at 945 Pennsylvania Ave, 2 blocks from South Beach’s exclusive Ocean Drive and near high-end hotels, apartments and restaurants. Manny Chamizo III, Global Commercial Director of ONE Sotheby’s International Realty, represented the seller.

Photos via Manny Chamizo / ONE Sotheby’s International Realty

The Comras Company Tabbed To Lease 300K+ Square Feet Of Retail At Miami Worldcenter

The Forbes Company and Taubman Centers, Inc. have tabbed The Comras Company to help lead retail leasing at Miami Worldcenter. The Miami-based commercial brokerage will represent over 300,000 SF of retail leasing including restaurant and entertainment space at the 27-acre, $2 billion mixed use mega-project which is currently under construction. Miami Worldcenter is located between NW 1st Avenue and NE 2nd Avenue as well as NE 6th Street and NW 11th Street. Retail spaces range from 400 SF to over 50,000 SF. With PARAMOUNT Miami Worldcenter, the mega-development’s luxury condo tower, targeting closings beginning this summer, the retail component is expected to open by the end of 2020.

While Taubman Centers and The Forbes Company have a global focus, The Comras Company will help bring a local expertise to the leasing effort which will target entertainment concepts, theaters, sports bars, breweries, fitness center operators, food hall operators, restaurants, lounges, coffee shops, salons, speciality fitness operators and spas. Comras Company will also pursue fashion, athleisure, cosmetics and beauty retailers. Miami Worldcenter will be represented by Michael Comras, President and CEO of Comras Company, as well as Jeff Evans and Michael Silverman.

Miami Worldcenter is being developed by Miami Worldcenter Associates, Taubman Centers, The Forbes Company, and MDM Group with the master plan designed by Elkus Manfredi Architects. The project includes the PARAMOUNT Miami Worldcenter condo tower being developed by Paramount Ventures led by Dan Kodsi, in addition to a 1,700-key Marriott Marquis Miami Worldcenter Hotel & Expo, the completed CAOBA rental tower, a 348-room CitizenM hotel, the soon-to-break-ground Luma rental tower, a 45-story office tower being developed by Hines and 365,000 SF of high-street retail.

For more information about commercial leasing at Miami Worldcenter, private showings, availability or more information please fill out the form below:

APEX Capital Realty Signs 3 More Tenants At URBAN 75th STREET In Little River

APEX Capital Realty has just closed on three new leasing deals for the 71,200 SF warehouse complex located at 300-320 NE 75th Street known as URBAN 75th Street. The three new tenants include celebrity recording studio House of Hits Recording Studio, Keto Kitchen and Belgium-based architecture/manufacturer M Design Group & Associates/ Wood Iron & Stone. They join Marvol JPS , a mobile phone equipment and supplies company, and fashion e-commerce company, PIXIE Market who signed and moved in last month, and two more new tenants are expected to sign next week (two e-commerce companies). The property, which is currently one of the bigger leasing assignments in the area, has quickly become a prime location for diverse businesses to relocate and expand– and serves as a great example of the type of industrial properties needed to support the continued expansion of e-commerce companies.

APEX Capital Realty, led by Miguel Pinto, recently acquired the 71,200 SF warehouse complex, located at 300-320 NE 75th Street in Little River, and developed the space focused on a flexible business space concept. Little River has been a hotbed for commercial development as prices in Downtown neighborhoods such as Wynwood continue to rise. URBAN 75th STREET is an innovative warehouse complex that has been redeveloped into a flexible multi-business space concept offering 24 industrial spaces which range from 2,500 SF to 3,350 SF and primed for tailored tenant build-outs which can be curated to meet the different workspace needs of each tenant and their diverse businesses. Each space offers an open loft style format, each division equipped to function as a live/work space as well. The leasing prices start at $19 SF modified gross lease. Perks for tenants include an on-site gated parking and state of the art 24/7 voice control security monitoring.

For more information about URBAN 75th STREET, private showings or leasing information please fill out the form below:

Coral Rock Development Group & Arena Capital Holdings Acquire Prospect Towers in Clearwater For $13.5 Million

The Miami-based Coral Rock Development Group and Arena Capital Holdings have acquired Prospect Towers, a downtown Clearwater, Florida senior living high-rise for $13.5 million. Well-positioned in an Opportunity Zone, the 17-story, multifamily building is located at 801 Chestnut St. and is comprised of 208 independent senior living units. Situated within close proximity to the Intracoastal Waterway and Memorial Causeway, the property is set on 2.3 acres and boasts a compelling unit mix of efficiencies and one-bedroom floor plans. Full-service amenities include a recreational room, library, business center, gym, and community kitchen, while each residence features expansive wall-to-wall windows with exceptional views of the Gulf Coast beaches, downtown Clearwater, and the surrounding area.

Coral Rock Development Group and Arena Capital Holdings plan to jointly upgrade the aesthetics of the common areas throughout the property as well as enhance the interiors of a portion of select units. Innovation Senior Management will manage operations of the building on behalf of the owners, and will also implement new services for residents including home health and physician visits, and educational and social programs to enrich the overall living experience.

“We are very pleased to expand Coral Rock’s footprint with the acquisition of Prospect Towers, the second asset that we own and operate in partnership with Arena Capital Holdings,” said Stephen Blumenthal, principal of Coral Rock Development Group. “This acquisition aligns with our growth strategy and further strengthens our ownership presence in the state of Florida and we look forward to providing residents with a value-add program and building upgrades throughout.”

“We are continually seeking investment opportunities within prime Florida locations and Prospect Towers is an exciting addition to our growing portfolio,” added Oscar Rodriguez, Manager of Arena Capital Holdings.

Take A Look Inside Aviation Resource Group's New KoDA-Designed Headquarters in Dania Beach, Florida

KoDA (Kean Office for Design and Architecture) is a Miami Beach-based practice designing with ambition for its clients and optimism for the world. KoDA architects and designers are experts in connecting architecture with nature and finding radical solutions to sea-level rise and other environmental concerns. Led by Principal and Founder Wesley Kean, the award-winning KoDA uses analysis and research to inform the design of highly distinctive buildings, landscapes, interiors and experiences. KoDa is bringing nature into the workplace for the design of the new headquarters for Aviation Resource Group, a company that provides a unique portfolio of aviation services. Located in Dania Beach, KoDA’s design breaks from corporate tradition and creates a space that promotes productivity, collaboration and well-being.

“Research shows that incorporating nature within workplace design improves employee productivity, health, and well-being. Aviation Resource Group’s new office building reexamines the importance of enjoying time spent in the workplace,” said KoDA Principal and Founder, Wesley Kean.

“KoDA took the time to understand our business and our needs, and that is completely reflected in the design they have created for our new space,” said Aviation Resource Group Founder and CEO, Milan Rakic. “We immediately fell in love with the way the indoors and outdoors blend together, and we’re excited to see our office come to life.”

The design of the 3,300 SF building connects and enhances the abundance of existing sub-tropical landscape. A combination of Gumbo Limbo trees and century-old Oaks contrast the building’s rigid, steel structure. Contained within two horizontal planes, KoDA designed various functions of the space around a central courtyard, which allow for maximum daylight, transparency, and visual connectivity throughout. The building’s outdoor spaces are activated through a combination of private and public functions including an entry plaza for special events and sequestered gardens, which serve as break-out areas for a collaborative work environment. KoDA enclosed the building’s private offices within darkened wood-clad volumes, while the public areas like the kitchen and reception are defined by expansive glass walls. The design also features screens made of re-purposed helicopter rotor blades that divide the open workspaces.

“Green elements were incorporated from the inside out to truly create a sustainable building that serves staff and the environment,” added Kean. “The result will be a building that exemplifies what celebrating nature in design means for both well-being and productivity in the workplace.”

Article by Stephanie Warren

Inside The DOMO-Designed 15-Acre West of West District Proposed To Transform The Heart Of South Beach

A partnership between Todd Michael Glaser, Jarrett and Sean Posner, Fred Carlton and Charlie Ratner have proposed a 15-acre mixed use project known as West of West District in South Beach. The project is designed by DOMO Architecture + Design and is located between Bay Road and Alton Road and 13th Street and 16th Street on Miami Beach. The development team presented the project to Miami Beach Commissioners earlier this month (February 2019) and it will go up in front of Miami Beach’s Land Use Board in March. The developers are seeking a reduction in setbacks from the city. West of West will be built around a pedestrian concept bringing live/work lofts, restaurants and retail accentuated with landscaped parks and courtyards to the district. DOMO, which is led by Robert Moehring and Francisco Llado, consulted organizations such as the Urban Land Institute in reference to climate change while designing the project. The developers amassed 9 properties in the district for $10 million where there are an estimated 120-140 properties.