Epicure Gourmet Market’s Jason Starkman To Sublease Epicure’s Former 31,000 SF Space On Lincoln Road

After the famous Epicure Gourmet Market & Café on Miami Beach’s Alton Road closed its doors after Hurricane Irma, the owner of the market & café, Jason Starkman, is now redeveloping the Lincoln Road space and has listed the 31,000 SF property with Brian Carter, Filippo Incorvaia and Ross Padfield of Douglas Elliman. Starkman, is now demolishing the interiors of the store at 1656, 1664 and 1680 Alton Road to build out nine retail spaces and two office spaces. The spaces are being offered for lease between $50 per square foot and $80 per square foot, which is 30% to 40% less than asking rents on Lincoln Road. Typically the general retail spaces on Lincoln Road start at $150 per foot. The redevelopment also features two office spaces ranging from 2,500 SF to 5,500 SF as well as two outdoor courtyards facing West Avenue, one for 800 SF and another 2,650 SF.

Estates Investment Group Proposes Soleste Grand Central Apartments In Overtown

Estates Investment Group has proposed a Class A apartment building in Overtown which will be built in partnership with the Overtown and Park West Community Redevelopment Agency. The property, which is located at 218 NW 8th St., will be built on 1.23 acres of CRA owned land. When complete the project, which was designed by Caymares Martin, will rise 18-stories and will feature 360 apartments which will range from studio to 3-bedroom floorplans. The project will also feature 6,500 SF of retail, 2,250 SF of office, 438 parking spaces and 9,355 SF of open space. Estates Investment Group will dedicate 40 units to affordable housing with the balance at market rate. The proposal will be reviewed by Miami’s Urban Development Review Board on October 17, 2019.

Terra Closes on $91 Million Refinancing For Pines Garden at City Center Apartments in Pembroke Pines

Terra, a South Florida-based residential and commercial development firm, has closed on $91 million in financing for its newest multifamily community, Pines Garden at City Center in Pembroke Pines. The firm secured the loan through an affiliate of Mack Real Estate Group. With approximately 40% of its apartments already leased just three months after opening to residents, Pines Garden at City Center is Broward County’s latest example of suburban mixed-use development combining retail and residential uses within one pedestrian-friendly property. Located at 10400 Southwest City Center Boulevard, the recently completed 387-unit luxury rental development is part of Pines City Center, a 47-acre master-planned village featuring approximately 300,000 SF of lifestyle-oriented retail, entertainment and restaurant space including to Publix, Cooper’s Hawk, Outback Steakhouse, West Marine, BurgerFi, Smoothie King, Bento Café, Halal Guys, UFC Gym and a movie theater.

“Our ability to close this significant loan reflects the early leasing success we’ve experienced at Pines Garden, the significant demand for luxury rentals in Pembroke Pines, as well as the strong relationship between Terra and Mack Real Estate Group,” said David Martin, president of Terra. “Our team created a master plan comprising high-end rental homes and lifestyle-centered retail that will service the community’s tenants as well as surrounding residents. The result is a condensed area of development that is introducing a new amenity for Pembroke Pines and maximizing value for the neighborhood.”

Pines Garden at City Center offers one- to three-bedroom garden apartments and two- or three-bedroom townhouses covering 651 to 1,491 SF of living space, as well as private balconies and terraces. Modern-designed residences are equipped with stainless steel appliances and quartz countertops, and protected by hurricane-grade, impact-resistant windows. High ceilings, extra-wide baseboards, custom cabinetry and designer fixtures exhibit an attention to detail usually reserved for custom-built homes. Monthly rents begin at $1,645 for a one-bedroom apartment; $1,795 for a two-bedroom apartment; and $2,256 for a three-bedroom apartment. Two- and three-bedroom townhouses range from $2,475 to $2,845 per month.

Amenities include a two-story Pines Garden Clubhouse, the social center of the neighborhood, which features a state-of-the-art fitness center, children’s playroom and game room, resort-style pool, co-working lounge and coffee bar, outdoor cooking area and other recreational options. There’s a gazebo, a life-size chess board, a dog park, and play spaces that include an enclosed tot-lot area. Gated for privacy and security, Pines Garden offers the beauty and serenity of a nature preserve within walking distance of the urban conveniences of Pines City Center.

Kushner Companies To Move Ahead With 2000 Biscayne After Filing For Construction Permit

Kushner Companies has applied for a construction permit as they gear up to move ahead with the development of their 2000 Biscayne site in Edgewater, the first site they plan to develop as part of their $550 million, 3-phase project. The proposed project for 2000 Biscayne, which was originally designed by Dorsky + Yue, is expected to cost $123.6 million with a total development area of 706,148 SF. 2000 Biscayne will rise 36-stories, 418’, and will feature 393 residential units, 5,500 SF of ground floor retail and 455 parking spaces. Kushner Companies is targeting a Q3 groundbreaking for phase 1 and the 3-phase project will ultimately bring 1,100 residential units to Edgewater.

Funding For Lincoln Road Revamp Approved By Miami Beach City Commission

A $77.4 million funding package for a major James Corner Field Operations-designed revamp of Miami Beach’s Lincoln Road has been approved by Miami Beach city commissioners. The funding will come from city taxpayers in addition to a $16 million Special Assessment charged to property owners in the immediate Lincoln Road district. The city has also updated zoning to allow some Lincoln Road property owners to build hotels. Construction in the renovation is expected to commence in spring 2020 and will include an enhanced pedestrian promenade, a new outdoor dining layout, updated lighting and signage, a new performance area, updated landscaping and renovations to many of the roads historic structures designed by Morris Lapidus.

Oceanfront Condo At Continuum South Beach Closes For Record $2,400 Per Foot At $4.2 Million

Unit 2607 at Continuum South Beach has sold for a record setting highest price per square foot paid for a 2 bedroom unit. Dina Goldentayer of Douglas Elliman represented the seller, Never Again Ventures, LLC in the $4.2 million transaction which sold to a buyer from Connecticut for $2,400 per foot. Designed by a top NYC interior design firm using only the best materials throughout, this direct oceanfront unit was completely gutted and rebuilt, including new plumbing, HVAC, and electrical systems. This 1,800 SF 2 bedroom 2.5 bathroom residence features 9" wide white oak flooring, custom Boffi kitchen & baths, fully detailed Poliform closets, digital automation powered by Savant Home and Lutron Lighting. The master bath, clad in slabs of Statuary Extra marble is a work of art that will leave you speechless. Direct ocean views encompass the unit from terrace access in each room . The prestigious Continuum compound offers resort-style amenities including two lagoon pools, lap pool, full-service beach club, 3 tennis courts, three-story fitness center, oceanfront restaurant, valet, and a completely private and secured 13 acre setting. The unit was first listed for $4.395 million.

Pininfarina Wins Red Dot Award For Design Concept of 2019 For Pininfarina Bus Shelters For City Of Miami Beach

Internationally-renowned Italian design studio Pininfarina has received the Red Dot Award for Design Concept of 2019 with their Pininfarina Bus Shelter for the City of Miami Beach. Seeking to enhance the transit experience and improve the quality of existing architecture and functionality, the City of Miami Beach proposed to adopt a new bus shelter design for city commuters, with the City Commission unanimously selecting Pininfarina’s boundary-pushing concept design as the winning bid. Beginning in 2005, The Red Dot Awards recognized the need to identify and celebrate new design concepts and innovations, the precursors of tomorrow’s great products.

“We are delighted to receive this award for the City of Miami Beach,” said Paolo Trevisan, Head of Design for Pininfarina of America. “Our bus shelter system is the solution to the City of Miami Beach’s transportation needs, and we’re honored to be part of the evolution of the city’s identity.” 

Drawing inspiration from the City of Miami Beach’s playful, dynamic and energetic atmosphere, Pininfarina’s shelter design is inspired by natural shapes and a color palette that captures the vibrant personality of Miami Beach. The bus shelters feature innovative modular designs and contemporary technology that highlight Pininfarina’s goal of creating a modern, airy, accessible and comfortable user experience, where beauty is never sacrificed for functionality. The bus shelters feature state-of-the-art technology and amenities that enhance the passenger experience, key design highlights include a solar panel system, estimated bus and trolley arrival signs, passenger security systems, and a tempered glass frame with additional awning to protect customers from the elements. 

“Our bus shelters will display the highest design quality and functionality,” expressed Dan Gelber, Miami Beach Mayor. “This prestigious award represents the ultimate seal of approval when it comes to an exquisite design, enhancing our Miami Beach brand worldwide.” 

“If cities are to increase public transit ridership, its leaders must strive to improve every aspect of the experience,” added Ricky Arriola, Miami Beach Vice-Mayor. “Pininfarina’s iconic bus shelter design contributes to our mission of sustainability by taking what is typically a drab infrastructure afterthought and transforming it into a functional, artistic masterpiece that will entrance drivers away from their pollutive commutes.” 

PARAMOUNT Miami Worldcenter Receives TCO As Tower Powers Towards Completion

PARAMOUNT Miami Worldcenter has received its TCO as the $500 million, 60-story tower is powering towards completion with closings expected to commence in the coming weeks. The residential tower features 569-units which start at $885,000. The tower is 90% sold with buyers representing 56 countries. PARAMOUNT Worldcenter features more than 40 amenities including resort style pool complete with floating pods, tennis courts, soccer pitch, boxing studio, basketball court, golf simulator, state-of-the-art fitness center, Sky Observatory, Tai Chi deck, and a rooftop entertainment deck 60 stories above the Miami skyline.PARAMOUNT Miami Worldcenter is being developed by Dan Kodsi with Art Falcone and Nitin Motwani. PARAMOUNT Miami Worldcenter is the luxury residential condo tower that is part of the larger $2 billion, 30-acre Miami Worldcenter initiative that will transform Miami's urban core via world-class high-street retail concept with shopping, dining, entertainment, hospitality, office space, a Marriott Marquis Miami Worldcenter Hotel & Expo Center, apartment rentals, amongst others.

Terranova Reveals Arquitectonica-Designed Hotel On Coral Gables' Miracle Mile

Terranova Corporation has revealed a new hotel design by Arquitectonica which has been proposed on Coral Gables’ Miracle Mile. The design was influenced by Mediterranean architecture and the historic Biltmore Hotel. The hotel will offer 120 hotel rooms and 36,778 SF of ground floor retail which will also feature restaurant space. The developers are currently seeking a waiver from the city to build the project without a parking component and the proposal will go in front of the Coral Gables Development Review Committee on July 26, 2019.

Design By Daniel Buren For South Beach’s New Pedestrian Bridge Over 5th Street Revealed

Russell Galbut and David Martin have revealed the chosen design for Miami Beach’s new pedestrian bridge at 5th Street which will serve as the gateway to South Beach. The winning design is by French artist Daniel Buren and features a colorful tube of transparent glass panels offering views of Biscayne Bay. Commissioners unanimously voted for the design which will go before the Design Review Board in September 2019. The bridge will connect the South Pointe Park baywalk with the new Park on Fifth which is part of Galbut and Martin’s proposal to transform the former South Shore Hospital site with a tower, which is being designed by Arquitectonica, and a 3-acre park. When complete the tower will rise 44-stories, offering 410 luxury units which the developer will be allowed to rent as short term rentals with a minimum term of 30 days per rental. Bridge construction will be funded by a $10 million General Obligation Bond which voters approved in November 2018. Construction could begin before the end of the year based on approval by the Design Review Board.