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:

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.

The Solar Powered Touzet Studio-Designed Grove Central Locks Down FAA Approval

The FAA has approved the Touzet Studio-designed Grove Central, an innovative $200 million mixed-use project that will use solar panels to produce its own electricity. Grove Central is located at the Coconut Grove Metrorail station and is being developed by Terra Group and Grass River Property. The building will be the first Urban Microgrid in Florida and will feature solar panels which will produce 2 megawatts of power that will be stored in batteries at a rate of 20 megawatts per hour. Grove Central will also feature a geothermal AC system and a waste-to-energy plant that will convert sewage into usable power. The proposal is currently undergoing wind tunnel testing.

Global City Development & Asia Capital Real Estate Management Break Ground On MiMo Bay Apartments In Miami's Upper East Side

Asia Capital Real Estate Management (ACRE) and Global City Development, led by Principals Brian Pearl and Diego Procel, celebrated the groundbreaking of MiMo Bay Apartments, a 236-unit mixed-use waterfront community in Miami’s Upper Eastside. The project is a joint venture between ACRE and a large Canadian Pension Fund, and will be built on the 3.6-acre site of the former American Legion Post No. 29 building. The five-story waterfront building is being built by Miami-based Coastal Construction Group and financed via a $51 million construction loan from TD Bank. Designed by Stantec's Miami office, MiMo Bay Apartments will comprise of 236 LEED-certified market-rate rental apartment units, as well as 15,000 SF facility to be owned and operated by Post No. 29 for the use of its military veteran members. The Post No. 29 space will feature a gym, areas for physical therapy, a wellness center, and a swimming pool with services will include group therapy, acupuncture, post-traumatic stress disorder treatment, and more.

MiMo Bay Apartments is located adjacent to Legion Memorial Park at 6445 NE 7th Avenue in Miami’s MiMo District, the ceremony included remarks from Global City Development Principal Diego Procel, as well as ACRE Managing Partner Blake Olafson. Commander Robert Bellamy representing Post No. 29 and City of Miami Commissioner Ken Russell were also in attendance to initiate the ceremonial event.

“We’re incredibly proud to officially break ground on MiMo Bay Apartments and begin the process of developing this project with an extraordinary group of individuals,” said Olafson. “MiMo Bay Apartments will bring a world-class standard outdoor and waterfront living concept to Miami’s Upper Eastside, whilst being built and designed by local Miami firms.”

“We look forward to contributing such an important development in this growing neighborhood,” added Procel. “As the proud father of a Marine and recognizing the need for a community that serves the Legion, this development will realize an incredible opportunity for veterans to enjoy vastly enhanced amenities in the area.”

“Our vision for MiMo Bay is to pay homage to the surrounding neighborhood and its Miami Modern (MiMo) style of architecture, and to establish a connection between the bay and the park,” said Christina Villa, senior associate with Stantec’s Miami office. “We mixed modern and sharp angles to maximize water views from all areas including the units, public spaces and the American Legion facility. Natural fauna and landscaping will be implemented to enhance the site, blend with the park and provide a secluded retreat for residents.”

YOTELPAD Miami Reaches 50% Sold Six Months After Launching Sales In Downtown Miami

Aria Development Group, a New York and Miami-based real estate investment and development company, along with joint venture partner, AQARAT, one of Kuwait's leading real estate companies, has announced that YOTELPAD Miami is now 50% sold just six months after launching sales in June 2018. OneWorld Properties led by Peggy Olin is the exclusive sales and marketing team for YOTELPAD Miami. The mixed-use hotel and residential development, which will be the first YOTELPAD on the East Coast, is located in Downtown Miami and is slated for completion in early 2021. The development’s attractive short-term rental options without any restrictions and leaseback program offer owners flexibility. More than 40% of YOTELPAD Miami’s buyers are investors from Mexico and China with a substantial amount of investors also coming from Argentina, Colombia and other South American markets.

“Our team has sold over 18 units per month over the last six months – that is 111 units and counting. This is something we have not seen in Miami in a long time,” said Peggy Olin, president and CEO of OneWorld Properties. “Buyers understand the value and freshness of the YOTEL brand and are looking for flexibility and a prime location. Miami serves as a significant gateway to global markets and has one of the largest financial districts in the U.S. Our team was able to take all the incredible elements of this project and the Downtown area to deliver the right product for this market.”

“The realization of YOTELPAD is a major milestone for Downtown Miami,” said David Arditi, principal of Aria Development Group. “It’s the first time a global hospitality brand will offer luxury living at an attainable price point. The innovative PAD concept, with its clever and adaptable floorplans and flexible rental options, is being received with great enthusiasm by local and international buyers alike. We are excited to forge ahead with construction and bring this highly-anticipated project to life.”

Upon completion of the project, YOTELPAD Miami will incorporate three Techi robot butlers capable of delivering beverages, food, gifts, documents and more. Raising the standard for residential amenities, two robots will be available to residents and one will be designated to guests of the hotel. The robots can be programmed to speak a variety of languages, dialogues and play digital files with music and voice recordings. Other amenities include concierge services, secure bike storage, gourmet matcha bar, full-service restaurant and bar with outdoor seating and private dining, state-of-the-art fitness center, co-working space, a lounge, pool deck and pet salon. In addition, each PAD will come with a dedicated storage unit. Global design and engineering firm Stantec is the lead architect, interior designer and engineer for the project.

“As global experts in the residential real estate market, we believe in YOTEL’s new ‘live smarter’ PAD concept,” said Fahad Al-Shamlan, vice president of Investments & Acquisitions for AQARAT. “Our partnership with Aria Development Group on this project will transcend the boundaries of luxury in high-end resort destinations for the modern person.”

The 31-story YOTELPAD Miami, which is located at 227 NE 2nd Street and designed by Stantec, will feature 222 Yotel-branded “cabins” (hotel rooms), 231 “PADs” (condominiums) and amenities such as a Skytop Lounge, pool deck with restaurant and bar, fitness center, co-working space and pet spa. The hotel portion is located on floors 2-12 with the condominiums on floors 15-30. Condominium owners and residents will have access to exclusive amenities such as a 2,000 SF “Lounge in the clouds” with game area and chef’s kitchen. The high-tech units include studios to one- and two-bedrooms and range in size from 417 SF to 708 SF with top-of-the-line flooring and lighting, floor-to-ceiling glass windows, custom European cabinetry and Smeg brand Italian appliances. YOTELPAD Miami is scheduled for completion in early 2021.

For more information about YOTELPAD Miami, private showings or purchasing/ leasing information please fill out the form below:

Habitat Group Launches Next Phase of Smart Brickell Condo Project

Habitat Group, a full-service asset management and development company, is launching sales at the second tower of their latest project, Smart Brickell, a mixed-use retail, condo and hotel development sitting on 1.23 acres along SW 9th Street.  

After selling out their first tower, with 50 hotel rooms and 50 condos, Habitat Group plans to break ground on a same size 25-story building in March, said developer Santiago Vanegas. The combined sellout of the two structures is an estimated $38.5 million.

Inspired by Habitat Group’s Smart Living Philosophy, the three building complex was designed by Hernando Carrillo and Arquitectonica Interiors to integrate technology, convenient lifestyle, architecture, and flexible short-term rental options for the modern homeowner. Perfect for working professionals or seasonal residents, Smart Brickell allows owners the ability to rent their units out up to 24 times a year, or about twice a month.

“We are seeing that the rental restrictions in most condos are limiting for a lot of buyers that want to have more options,” said Alicia Cervera Lamadrid of Cervera Real Estate, the team handling condo sales. Smart Brickell is offering its condos for less than other new developments in the neighborhood, with units starting from $300,000 to $600,000 and ranging from 558 to 1,117 square-feet in living area.

Buyers also have the option to participate in a fixed, two-year annual leaseback program. Vanegas estimates about 70 percent of the buyers in the first buildings are investors and 30 percent are end users.

Other developments, like YotelPad in downtown, are beginning to offer less strict rental guidelines as well. Despite issues with illegal short-term rentals that cause disturbances to neighbors and property, Miami has seen increased demand from residents who want the independence to designate their homes as a working asset to be able to generate an alternative income stream.

Smart Brickell condos conveniently come fully furnished upon completion, which is expected by end of the year in 2020. The apartments include smart home features and Bosch appliances, and an amenity deck with a terrace, resort-style pools, a fitness center, cafe on the ground floor, rooftop lounge bar and business center.

Article by: Katya Demina

For more information about Smart Brickell, private showings or purchasing/ leasing information please fill out the form below:

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. 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.

Plans Filed To Bring 72-Key Hotel To 111 Wynwood

There is a new mixed-use hotel coming to Wynwood as 111 Wynwood LLC, an entity led by Eduardo Vargas and Andres Hogg, has filed plans to bring a 72-key hotel to the trendy neighborhood right near Wynwood Walls. The project will rise 5-stories and will offer a total development of 50,000 SF. The hotel will feature ground floor retail and restaurant space, co-working space, a rooftop pool, rooftop bar and restaurant and valet parking. Guests will be treated with smart technology enabled rooms with kitchenettes and available laundry, maid and concierge services. The modern, artsy facade is designed by Richter Dahl Rocha and Alain Bartoli is the architect of record. The construction costs are estimated to be around $8 million. The developers aim to break ground in 2019 and open the hotel in 2020.

Developer Celebrates Plans to Revitalize Coconut Grove with Groundbreaking at Metronomic Place

Miami-based development company Metronomic Inc., led by Ricky Trinidad, broke ground last Thursday for the new, mixed-use office, retail and hotel project on Grand Avenue in Coconut Grove. The groundbreaking ceremony for Metronomic Place was attended by commissioner Xavier Suarez and is set to spearhead the long-awaited revival of this corridor.

The five-story building will have about 5,000 square-feet of Class A office space, 3,200 square-feet of ground floor retail space, and a 44-key boutique hotel. The lobby and hotel interior was developed by local firm One Design Build. Designer Hugo Mijares combined metal, concrete, wood and other raw elements to create a modern industrial design with Old American style. It will also feature an activated “green” rooftop with a pool and garden area that echo the natural aura Coconut Grove in known for. Metronomic Place has an estimated completion date of Winter 2019.

Ricky Trinidad, President of Metronomic, Inc., is a developer and resident himself in West Coconut Grove, and has deep roots to the community. He hopes the project will enhance the vitality of Coconut Grove’s commercial and entertainment core.

He also just closed on a 7,200 square-foot site at 3110 Commodore Plaza called Commodore Place. The boutique hotel will offer loft-style, short-term suites with attractive amenities, a rooftop pool and garden deck area, and a two-story duplexed retail venue on the first floor.

Miguel Pinto of Apex Capital Realty brokered the deal and represented Metronomic Inc. Like Ricky, Miguel is focused on working on projects and deals that enhance communities and positively impact the commercial real estate industry.

As part of Metronomic’s larger plan to revitalize Grand Avenue, they also have over ten new construction projects in the works in Coconut Grove. This includes a large-scale comprehensive development of multiple properties of mixed-income, affordable housing, retail, office, park plazas, and sustainable living concepts.

Article by: Katya Demina