Related Group Reveals Plans For Transit-Oriented 41-Story Miami Station In Downtown Miami

Related Group has revealed plans for Miami Station, a proposed transit-oriented 41-story mixed-use tower adjacent to MiamiCentral Station. Miami Station is located at 525-533 NW 2nd Ave. in Downtown Miami on a 30,527 SF lot that is the former site of the never completed Krystal Tower. The project is designed by ODP Architects and plans have been submitted to Miami’s Urban Development Review Board for review. If approved Miami Station would rise 458’ and would feature 200,234 square feet of office space, 309 apartment units, 8,508 square feet of commercial space and 510 parking spaces. Amenities would include a 22nd floor amenity deck and a rooftop pool.

Kushner Companies Gearing Up To Break Ground On First Miami Projects

Kushner Companies is gearing up to break ground on their first two Miami projects located in Wynwood and Edgewater. The Wynwood project, known as Wynwood 27, will break ground first in Q1 2021 at 127 NW 27th St. and 129 NW 26th St. Wynwood 27 will feature 152-units, 50,000 SF of office space and 34,000 SF of retail space. The project will be followed by Wynwood 28 which will feature 40 residential units, 44,637 SF of office space and 15,800 SF of retail space. Kushner Companies acquired the sites for $32 million in July 2019 in partnership with Block Capital. In March 2020 Kushner Companies obtained $17.55 million in financing for the properties provided by CIT Bank.

The Wynwood project will be followed by the first tower at 1900 Biscayne, a 36-story multifamily building which will feature 393 apartment units. Kushner Companies plans to build 1,100 units over three towers in three phases on the site which includes the adjacent 2000 Biscayne with an estimated total development cost of $550 million. Kushner Companies acquired the site, which is located in an opportunity zone, in March 2019 from Enrique Manhard. It was previously owned by Verzasca Group who had planned a 36-story condo for the site, later changing to a rental concept before selling to Manhard for $13.1 million in 2018.

Miami Worldcenter Gears Up To Break Ground On Two-Story Mixed-Use Building

Miami Worldcenter Associates are gearing up to break ground on a two story mixed-use building around a pedestrian promenade in Miami Worldcenter after city records show that the developers filed for a construction permit on December 1st. Miami Worldcenter plans to have one level of retail on the ground floor and one level of office space on the second floor, totaling 41,164 sq.ft. between the two stories. Construction costs of the new building are estimated to be $8.5 million. Other new construction includes the 7th Street Promenade which is now complete. The 7th Street Promenade is an open-air shopping walkway inspired by European-style and themes of Santa Monica and Lincoln Road. The new building will line the 7th Street Promenade with a large public plaza nearby for outdoor event space.

The Miami Worldcenter master plan, delivering in phases, features an array of residential, commercial and hospitality uses. These include approximately 300,000 square feet of retail, restaurant and entertainment space; the 60-story Paramount Miami Worldcenter condominium tower; Caoba, a 444-unit apartment tower that opened in 2019; a 348-room CitizenM hotel which is now under construction; and Bezel, a 434-unit rental tower by ZOM Living which is also underway. In addition, Hines is preparing to build a new tower that will comprise up to 500,000 square feet of Class A office space and MDM Group is planning a 1,700-room Marriott Marquis hotel and adjacent 600,000 square foot expo center.

Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Perez Art Museum Miami and the Frost Museum of Science; AmericanAirlines Arena; the Adrienne Arsht Performing Arts Center; and Miami-Dade College’s Downtown Miami campus. It is also adjacent to Virgin Trains’ MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach and Orlando, together with access to TriRail, the Metromover and the Metrorail, making Miami Worldcenter the largest and most-connected transit-oriented development in Florida.

Brickell City Centre Launches Digital Turnkey Units

Swire Properties has designed digital turnkey units at Reach and Rise Residences at Brickell City Centre. The customized digital spaces give buyers a real-life glimpse at how their unit will look before they even step foot in it. Swire Properties has strategically partnered with the NYC design firm, Interior Marketing Group, to target the New Yorkers moving to South Florida seeking lower taxes. With threats from the COVID-19 pandemic, buyers from out of state have been buying homes without seeing them in person. These digital turnkey units can be purchased exactly as they appear in digital renderings, starting at $500,000. Out of state buyers can move into their new Brickell City Centre residences having trust that their units will look exactly as they expect from the digital renderings. All new home owners need to bring is their toothbrush after choosing a digital turnkey unit from Reach or Rise are residence.

East End Capital Receives Approval For Kobi Karp-Designed Co-Living Project, FOYER Wynwood

East End Capital, led by Jonathan Yormak, received approval from Miami’s Planning & Zoning Department for FOYER Wynwood on December 1. FOYER Wynwood is a co-living, mixed-use project at 2400 North Miami Ave. which is now pending a construction permit and demolition permit for remaining structures on the site. FOYER Wynwood is designed by Kobi Karp Architecture & Design and when complete will feature 375,000 SF of total development splits between 236 apartment units, 12,528 square feet of retail, 7,497 square feet of restaurant space and 400 parking spaces.

FOYER Wynwood will feature affordable co-living and micro-unit options in the apartment portion, together with co-workspaces and other amenities. In conjunction with the development, East End has launched the new “FOYER” brand to operate and manage this project as well as all the other co-living apartment projects in its pipeline.

All FOYER projects will include high ratios of furnished micro-units and co-living bedrooms with ensuite bathrooms, together with traditional studio, one- and two-bedroom units. Monthly rents for co-living bedrooms at FOYER Wynwood, which include the furnishings, electricity, common area cleaning, and WiFi, are expected to start around $1,500 per month.

FOYER Wynwood will also offer an abundance of shared amenity space, including a gym focused on functional training, a juice and coffee bar, an expansive pool deck, a chef’s kitchen and entertainment space, collaborative co-working and art studio areas, and state-of-the-art podcast and green-screen studios.

FOYER Wynwood will continue the renaissance occurring along North Miami Avenue, and is located near notable attractions such as Veza Sur Brewery, The Wynwood Arcade, Oasis, The Salty, and the planned Arlo Hotel. Construction is expected to commence in early 2021.

CocoWalk Launches Phased Reopening Just In Time For The Holiday Shopping Season

The highly anticipated phased reopening of CocoWalk in Coconut Grove has officially commenced with the 2020 Holiday shopping season in full swing. Federal Realty Investment Trust, the majority ownership group behind the development, with partners The Comras Company and Grass River Property are excited to announce the lifestyle center has slated new innovative dining experiences and boutiques ready to open for the Holiday season. New openings include: Planta Queen, Free People Movement, Edite Mode, Europann, Mr. 01 Extraordinary Pizza, Sportive, Edward Beiner Eyewear and The School of Rock.  

“Five years ago, we set out to re-energize CocoWalk by attracting a tenant mix better aligned with the community’s needs and interests while creating an authentic destination that would position CocoWalk at the forefront of Miami’s retail evolution,” said Stuart Biel, of Federal Realty Investment Trust. “We look forward to bringing the community together through exceptional experiences and refreshed concepts that are unique to CocoWalk and enjoyed by Miami locals and visitors alike.”

Michael Comras, CEO and President of The Comras Company and board member of the Coconut Grove Business Improvement District (BID) said: “By reintroducing CocoWalk with the types of brands and concepts that the neighborhood identifies with while giving visitors new reasons to rediscover Coconut Grove, we’ve created a destination that suits the daily desires of the area’s residents, office tenants, and locals and ensures CocoWalk reclaims its spot as the number one shopping, dining, and entertainment location in Miami.”  

CocoWalk is four-stories tall and 150,000 sq.ft. of prime retail, dining and entertainment space. The property’s east end also includes Class A office space. Retail lease is managed by Federal Realty Investment Trust and The Comras Company, office lease is managed by Blanca Commercial Real Estate. The phased reopening of CocoWalk is just in time for the Holiday shopping season rush and festivities.

PMG Reveals MKDA-Designed Society Wynwood After Acquiring Final Piece of Assemblage For $11.5 Million

Property Markets Group (PMG) and Greybrook Realty Partners have submitted their plans for Society Wynwood for approval by the Wynwood Design Review Committee after acquiring the final piece needed for their 1.93 acre assemblage. The JV between PMG and Greybrook acquired 2407 NW 2nd Ave. for $11.5 million from a JV between RedSky Capital and JZ Capital Partners. The PMG and Greybrook JV acquired 1.6-acres at 2421-2455 NW 2nd Ave. in August 2019 for $46 million from the Doris D. Friedopfer Trust. Society Wynwood is part of PMG’s social community initiatives and when complete will span 522,008 square feet.

Society Wynwood will include 326 residential units, 41,258 square feet of retail space, 211 parking spaces and a 3,980 square feet underground lounge. The unit breakdown includes 96 studios spanning 410 square feet, 30 one-bedroom units spanning 654 square feet, 72 two-bedroom units spanning 780 square feet, 114 three-bedroom units spanning 1,190 square feet, and 6 four-bedroom units spanning 1,370 square feet. The building is designed by MKDA and features an interior courtyard, rooftop bar and restaurant, rooftop pool and spa deck with an outdoor theater, yoga area and BBQ area. The project will also feature murals on the side painted by Alexandre Farto, paying homage to Wynwood’s street art culture. Additionally, PMG will contribute to the Wynwood Public Benefit Trust Fund in exchange for a parking reduction of 192 parking spaces. The transit oriented project already benefited from a 30% parking reduction due to proximity to public transportation.

Scott Sherman’s Tricera Capital has a deal to acquire the commercial spaces upon completion of the project. PMG plans to break ground on Society Wynwood project in early 2021.

Art4All Launches In Miami To Fill Art Basel Void

Art4All launched on December 3rd in Miami to fill the Art Basel void this year and be the World’s largest public art fair. Art Basel Miami is very different this year and mostly a virtual experience due to the COVID-19 pandemic. Art4All  is headquartered in Miami Worldcenter, Downtown Miami, where it will display large art murals for a year until Art Basel 2021. It will also feature top artists’s works on over 50 billboards throughout the city of Miami and offer digital kiosks. 

Miami Worldcenter is a $4 billion, 27-acre mixed-use development underway in Downtown Miami. The murals on display will span two full city blocks of Miami Worldcenter’s pedestrian promenade debuting in 2021. The promenade is a COVID friendly open-air walkway with retail shops. A few emerging artists in Miami Worldcenter’s Art4All exhibit include: Yigal Ozeri, Shepard Fairey, David Drebin and Guy Stanley Philoche.

“We are building a 27-acre city-within-a-city at Miami Worldcenter, and public art is a key element bringing every facet of our development together to create a memorable experience for our residents and visitors. Art4All is a perfect partner because we share a passion for bringing the beauty of art to everyone,” said Nitin Motwani, managing partner of Miami Worldcenter Associates. “We’ve dedicated an extraordinary amount of outdoor space for art installations and beautiful landscaping to create an inspiring environment for people to enjoy.”

Art4All was created by Gregoire Vogelsang, the founder of Cube Art Fair, to offset the disappointment of canceled art shows around the world. Art4All is an international non-profit exhibit that was first launched in Brussels when Vogelsang brought 100 pieces of American artworks to more than one million citizens in the middle of the pandemic. The art on public display was loved by the people of Brussels, not only the art lovers. This inspired the hashtag, #staycreative, and the press started covering the public billboards reaching an audience much larger than just Brussels. "We wanted to find creative ways to continue sharing art with the world and to inspire people to remain positive and to stay creative," said Gregoire Vogelsang.

“It is inspiring to have my artwork visible to many of whom wouldn’t normally come across my paintings in a gallery or art fair, but will now see it from their cars or walking down the streets,” said New York based artist Gregg Emery. 

Art4All’s mission is to connect artists and people through art exhibits by displaying artworks from established and emerging artists in public spaces. These exhibits also generate online content reaching an even greater audience throughout the World.

Over 6 Months Terra Signed Nearly 60,000 Sq.Ft. In New South Florida Retail Leases

Terra has been one of South Florida’s most active in real estate development through the pandemic. Within the last 6 months Terra has signed nearly 60,000 sq.ft. in new retail leases across Miami-Dade and Broward Counties. Newly signed tenants include Verizon Wireless, AT&T Wireless, Mister 01 Pizza, Panda Express, Pilates Zone and more. Terra is a residential and commercial development firm and investment company that enhances neighborhoods to connect people and better the community. Courtelis Company oversees the leasing and property management for Terra’s portfolio. 

“Because COVID-19 has made a tremendous impact on the economy and will continue to reshape the market as we know it, we are committed to listening to our neighbors, collaborating with partners, and creating developments that are naturally woven into the community,” said David Martin, CEO of Terra. “We anticipate a continued need for lifestyle-centered developments that will serve at the pulse of South Florida’s neighborhoods featuring restaurants and retailers, as well as essential services such as grocers and local businesses that cater to the everyday needs of surrounding residents.” 

 “In addition to signing new leases, we’re focused on helping consumers navigate our retail centers in a responsible and efficient manner,” said Rod Castan, president of leasing and management for Courtelis Company. “We’ve provided tenants with access to take-out/short-term parking spaces, ample outdoor seating, cueing areas and temporary signage to increase tenant visibility. Although it’s been a challenging year, the hands-on approach has remained the best way for us to conduct business and maintain relationships with our retailers.”

Terra’s newly signed leases at retail developments in South Florida include: 

• 16000 Pines Market: A 135,000 sq.ft. mixed-use retail development that is now underway and is located in the City of Pembroke Pines. Publix Super Markets is the anchor tenant and has signed a 23,168 sq.ft. lease. Additional leases are signed by Verizon Wireless and Everglades Family Dental.

• Doral Square: Located in the City of Doral is the 150,000 sq.ft. retail center. Ross Dress fo Less is the anchor tenant and has signed a 24,147 sq.ft. lease. An additional lease is signed by Panda Express.

• 2811 Coral Way: Located in Miami is the newly completed mixed-use retail/self-storage development. Businesses with finalized retail leases include Pilates Zone, La Roche Beauty Salon, AT&T Wireless, and dental orthodontics laboratory Arcadlab.

• Pines City Center: Located in the City of Pembroke Pines is the 150,000 square foot mixed-use lifestyle development that spans across 47-acres and is opening their second phase of retail. A 1,525 sq.ft. lease is signed with Mister 01 Extraordinary Pizza that represents the modern pizza chain’s first Broward County location. The development’s first phase included a a Publix Supermarket.

Wynwood's Newest Class-A Kobi Karp-Designed Office Building, The Gateway, Tops Off

The Gateway at Wynwood has just topped off at 13-stories by R&B Realty Group. The project is a Class-A office building in Wynwood’s emerging neighborhood and new office submarket. The Gateway will feature 195,000 sq.ft. of leasable office space, private rooftop terrace and 25,900 sq.ft. of retail space on the ground floor. 

Shelby Rosenberg, Principal of R&B Realty Group, said, “This is one of the most important moments in the construction of a commercial project, especially as we are ahead of schedule amidst the pandemic. We are excited to see The Gateway at Wynwood is a step closer to reality. Our project will contribute to the transformation of Wynwood into a 15-minute city, where people can access their office, home, the grocery store, restaurants, and more within a 15-minute walk. We want to thank the city, the area’s stakeholders, our construction and design team, and all our partners for trusting us and helping The Gateway at Wynwood reach this important milestone.”

Plaza Construction is The Gateway’s general contractor and Kobi Karp is the architect. The 13-story building is estimated to be complete in the second half of 2021 and is currently ahead of schedule. 

"Despite the challenges that COVID-19 has posed across our industry, we are proud to have been able to reach this milestone on time and without incident,” said Brad Meltzer, president of Plaza Construction. "We prioritized the health and safety of all stakeholders with great success, and we look forward to continuing to deliver exemplary construction services to the South Florida market and beyond."

Wynwood is Miami’s newest and emerging office submarket and a hub for creative and innovative businesses. Many well known companies have already re-located office space to Wynwood including Spotify, WeWork, and Live Nation with other big names including Google, Apple Music and Dentsu looking to move into the area.

Stephen Rutchik, Colliers International Florida’s Executive Managing Director who handles office leasing for The Gateway at Wynwood said: “We are actively engaged with prospective tenants that are attracted to Wynwood because of its ‘live, work, play’ environment. This area has become a mecca for art, food, and entertainment just north of downtown Miami. While a few companies are hesitant to sign new leases just now, they do know exactly where they want to be … and that is Wynwood. We expect many of the deals in the pipeline for The Gateway at Wynwood will come to fruition as we get closer to completing the building later next year.”

The Gateway at Wynwood is located at 2916 N Miami Ave, a desirable location just a few minutes away from Downtown Miami, Aventura and Miami Beach. The area is also very close to Miami Internation Airport and PortMiami attracting many visitors and tourists all year round.