Newgard Development & Crescent Heights Propose Natiivo Tower In Downtown Miami "Powered By AirBNB"

Harvey Hernandez’s Newgard Development’s NGD Homesharing and Russell Galbut’s Crescent Heights have proposed Natiivo, a 48-story tower planned in Downtown Miami next to Miami WorldCenter. The project, which is designed by Arquitectonica with interiors by Urban Robot, will be “powered by AirBNB” and will feature units specially designed to operate short term rentals. Natiivo will feature 604 units, 400 of which will be sold to investors and 200 will be held by the developers to rent out via short term rentals. Residences are expected to be priced from $300,000 to $1.2 million with the sales overseen by Cervera Real Estate. Natiivo has partnered with AirBNB, a first for Miami, and will have the structure to operate the residences on behalf of owners. Check-ins will be keyless through an app and the building will also offer on-site dog walking services. The structure is expected to look like a 25% fee for management and 3% AirBNB listing fee. The development partnership is also planning Niido, another AirBNB homesharing tower in Edgewater.

Metronomic Officially Acquires Properties For Phase 1 of Grand Plaza, Coconut Grove's New $74 Million Sustainable Development

Miami-based sustainable real estate developer Metronomic has acquired an assemblage of properties in Coconut Grove to commence development of their “Grand Plaza” mixed-use project. The four-parcel portfolio along Grand Avenue consists of 0.77 acres and was purchased for $6.3 million ($186.67/psf). The acquisition is Phase One of Grand Plaza: A $74 million mixed-use, mixed-income revitalization development aimed at building a stronger, well-balanced and vibrant community. 

Grand Plaza Phase One will consist of multiple new buildings; comprised of 50 affordable housing units, 20 deluxe apartments, 11,000 SF of ground floor retail, and underground residential and public parking. The Grand Plaza development, as planned by Metronomic President Ricky Trinidad, will “extend the vibrancy of a beautiful and historic corridor that connects Miami’s City Hall at the waterfront only blocks away, through the business and entertainment district of Coconut Grove with the City of Coral Gables, also only blocks away.  Grand Plaza is the centerpiece of this important connection.”

Located at 3364-3384 Grand Avenue, the first of the Phase One mixed-use buildings will be built on an 18,789 SF site offering 20, one- and three-bedroom luxury apartments spanning 995-2,486 SF, 49 parking spaces and two retail spaces spanning 2,533-2,744 SF. The five-story rental building will include a car-lift parking garage for residential and public parking, community outdoor plaza, pool and pool deck. The second assemblage of properties within the Phase One development will include a five-story affordable housing development offering quality living for area residents within close proximity to the workplace. Set to rise on a vacant 20,044 SF site located at 3341-3461 Grand Avenue, the 10,117-SF development will consist of 50 one-, two and three-bedroom rental units spanning 570-1,228 SF with 65 private parking spaces and three retail spaces from 1,302-1,412 SF.

“Grand Plaza will be a community-oriented, technology-driven, sustainable and innovative development that will create a significant social and economic impact on the community of Coconut Grove,” said Ricky Trinidad, President of Metronomic. “And as a mission-oriented company, we are committed to creating a well-balanced and thriving corridor along Grand Ave for all its residence to enjoy.”

Upon completion of all phases, the Grand Plaza project will add 12 new buildings in the West Grove that include luxury and affordable housing apartment rentals, street retail, office space, farmers market, entertainment venue, community park plazas, and much more. Designed by architecture firm Burgos Lanza & Associates, the project will offer 38 furnished micro units, 82 luxury apartment rental units, 50 affordable housing apartments, 44 hotel lodging units, and 76 commercial units (office and retail). Additionally, Metronomic has announced plans to facilitate rooftop passenger drone landing/take-off sites pending federal and local government approvals of the technology.

Metronomic will be hosting a groundbreaking event in June 2019 to celebrate the launch of the project.

Alta Developers and Bacardi Foundation's South Miami Town Square Approved In South Miami

Alta Developers and the Facundo and Amalia Bacardi Foundation have been awarded approval by city commissioners to change the zoning needed to move ahead with South Miami Town Square, located at 5850 SW 73rd Street and 7331 SW 59 ave. The mixed-use project will feature 301 residential units, 24,391 SF of market space and 22,808 of retail. The developers will also build a plaza connected to the pedestrian walkway system and enhanced streetscape design to activate the surrounding public spaces. South Miami Town Square is designed by Corwil Architects.

Okan Tower Releases First Interior Renderings With Groundbreaking Planned For Late 2019

Turkish developer Okan Group has released the first interior renderings of the Behar Font & Partners-designed Okan Tower in Downtown Miami. The tower is expected to break ground later this year and will rise 70-stories when complete, over 890’. The project is currently 20% sold and will feature 153 condominium units, 236 condo-hotel units, 316 hotel rooms and 64,000 SF of office space, 10,000 SF of restaurant space and a selection of amenities including a rooftop pool. Okan Tower is located at 555 N. Miami Ave. is expected be completed in late 2022.

Avra Jain To Break Ground On 555 River House In January 2020

Avra Jain is planning to break ground on the Carlos Zapata and O’Donnell Dannwolf and Partners-designed 555 River House in January 2020. Located on the Miami River, River House will be a mixed-use development with 39 luxury condos, a 175-key hotel, 120,000 SF of office space and 36,650 SF of commercial space. The hotel will be managed by the New York-based Sixty Hotels and the condos will be under the same brand, both of which will share the amenities. The condominium component is expected to ask around $1,150 PSF, priced between $1 million and $1.5 million. 555 River House will also feature 10 boat slips and a 600’ public river walk.

Amid Pushback At Melreese, David Beckham To Apply For Inter Miami FC Stadium Approval At Overtown Assemblage

The advancement of plans to build a stadium for Miami’s newest professional sports team, Inter Miami FC, is not going well amid pushback over the referendum to allow major developers to redevelop Melreese Golf Course into an office pack with a soccer stadium. At least 2 city commissioners are now fully against the redevelopment bid, known as Freedom Park, which would see one of Miami’s last public parks and public golf courses redeveloped into a $1 billion mixed-use development including office space, retail and commercial space. David Beckham and his partners will now move ahead with one of their original plans to purchase county-owned land in Overtown. The sale of the land was originally contested as well as the land was sold based on the state of Florida's Economic-Development Law as a no-bid sale and was never offered to other buyers. The group is now working to close on the Overtown land and obtain approval for a stadium there via a lengthy and expensive process which will require the developers to outline of stadium use and job creation.

Simon's Sawgrass Mills, The United State's Largest Outlet Mall, To Undergo Major Renovation

Simon's 2.3 million SF Sawgrass Mills, the largest outlet mall in the United States, is undergoing a major renovation as the Simon’s tries to boost brick-and-mortar shopping versus customers tendency to shop online. The renovation also looks to capitalize on Metropica, the $1.5 billion mixed-use project across the street which will feature both residential and retail components. The renovation will include a major facelift including a new entrance, the installation of public art throughout the property, new porcelain tile flooring with marble and stone accents, modern seating, an open-skylight and updating both food courts. The renovation is expected to be unveiled in 2020, the 30th anniversary of Sawgrass Mills. Sawgrass Mills has over 350 stores. Malls in operation are up 6% nationwide since 2015 with over 215 currently open to shoppers. Outlet malls have also grown with over 6.8 million SF opening since 2015.

Metro 1 Lists Rare Development Site In Wynwood's Emerging South East Quadrant For $16.4 Million

Metro 1 Commercial has listed a rare development site in Wynwood's South East Quadrant Portfolio for $16.4 million. Metro 1’s president/CEO Tony Cho and Vice President, Andres Nava have been retained to market the corner to corner assemblage that is composed of three separate parcels totaling 29,786 SF of buildings sitting on 39,600 SF of Land. The Maker Portfolio is located in the South East Quadrant of Wynwood’s core, between 21 ST, NW 1 AVE, and NW Miami Ct. The site is zoned T5-O NRD and allows a variety of uses as the current buildings could be adaptively repurposed into office and retail uses. The site also allows for up to an 8 story project and allows as of right 136 residential units or a 273 key hotel. It also allows for a building with a total of up to 285,120 of gross development SF.

“NW 2 Ave has been the core of Wynwood since its inception, making it one of the most successful retail corridors in Miami Dade.” “However, we are starting to see important projects such as hotels and elaborate adaptive re-use project being proposed in emerging areas of Wynwood such as the southern quadrant,” stated Tony Cho, CEO of Metro 1.

The South East Quadrant submarket of Wynwood is seeing a flurry of recent activity including the announcement of the mixed-use project Wynwood Square ( 2201 N Miami AVE), the groundbreaking of The Oasis retail and office project (2335 N Miami AVE), and the acquisition of the 2217 NW Miami CT site by Quadrum Global, which Metro 1 brokered late last year. The OMNI CRA also recently acquired a site at 2035 - 2043 North Miami Avenue which it is planning a mixed-use affordable housing and retail project. The current real estate market in Wynwood has been redefined after the passing of the updated NRD zoning which has expanded the possibilities of what can be developed in the neighborhood but still carefully works to retain its industrial themed character.

Publix Receives Construction Permit For New Location In Downtown Miami At 3 MiamiCentral

Publix has received a construction permit to begin work on their newest supermarket location at Three MiamiCentral, just one block from MiamiCentral Station. Publix will buildout their 27,935 SF location in the ground floor retail space of the recently completed building which also features 90,000 SF of Class A office space and parking. Construction costs are estimate around $3.3 million and Hawkins Construction will be the General Contractor on the project. Three MiamiCentral was the first building to open as part of the 11-acre, mixed-use MiamiCentral initiative by Florida East Coast Industries in Downtown Miami.

Coral Rock Development Group & Arena Capital Holdings Break Ground On Pura Vida Hialeah

Miami-based Coral Rock Development Group and Arena Capital Holdings have broken ground on Pura Vida Hialeah, a nine-acre mixed-use project set to be the first of its kind in Hialeah in more than 20 years. When complete, the project will transform the area’s aging retail and residential offerings with the first new sleek contemporary designed vertical towers, and will boast a vibrant mix of popular restaurants, shops and other conveniences while providing an exceptional pedestrian-friendly lifestyle, adding a much-needed benefit to the densely populated community.

Held on April 25th at the future site of Pura Vida Hialeah, the ceremonial groundbreaking was hosted by the project’s development team, comprised of industry veterans Stephen A. Blumenthal, David Brown, Victor Brown and Michael Wohl of Coral Rock Development Group, as well as Oscar Rodriguez, Ana Rodriguez and Sebastian Roiter of Arena Capital Holdings. Dozens of industry leaders, project partners, top city officials and numerous other dignitaries were in attendance including City of Hialeah Mayor Carlos Hernandez, Hialeah City Council President Vivian Casals-Munoz and City of Hialeah Councilman Paul Hernandez, who all provided remarks to celebrate this project milestone.

Mayor Carlos Hernandez commended the developers for their vision and acknowledged how Pura Vida Hialeah is already sparking other innovative developments in the city. Known as the City of Progress, Mayor Carlos Hernandez said “Hialeah is the new Brooklyn.”

“We’re incredibly proud to officially break ground on Pura Vida Hialeah,” said Stephen Blumenthal, principal of Coral Rock Development Group. “A new paradigm for living in Hialeah, we’re extremely pleased that Pura Vida Hialeah will be a positive catalyst and usher in a new era in the community.”

“This is an exciting beginning to what will soon be an extraordinary and vibrant urban environment for Hialeah,” said Michael Wohl, principal of Coral Rock Development Group. “We’re very grateful to Mayor Carlos Hernandez and the City of Hialeah who have supported us in making this community-driven development a reality.”

Located at 2901-3099 W 16th Avenue and 1571 W 29th Street, Pura Vida Hialeah will feature 3-eight-story residential towers consisting of 260 apartment units, with one tower offering approximately 11,000 SF of ground floor retail; as well as three separate outparcels consisting of approximately 40,000 SF of commercial retail space. Floorplans for market rate residential apartments range from 538 SF to 1,099 SF, ranging from studios, one, two, and three-bedroom units. Featured amenities will include a resort-style pool, state-of-the-art gym, BBQ area, dog park, and 24-hour security staff for the convenience of residents. Confirmed retail tenants include a Wawa convenience store and gas station, representing one of the first outposts in Miami-Dade County for the rapidly expanding chain, a Taco Bell restaurant, a Dollar Tree store and a two-story YouFit Health Club.