Commercial, Downtown, News, Restaurants, Retail Demetri Demascus Commercial, Downtown, News, Restaurants, Retail Demetri Demascus

Central Fare Food Hall Coming To MiamiCentral Announces Delayed Opening Until Spring 2018

New renderings have been released of Central Fare, the new food hall coming to MiamiCentral in Downtown Miami. Central Fare had originally planned to open in the Fall of 2017, a date which has since been delayed until the Spring of 2018 as MiamiCentral powers towards completion.

New renderings have been released of Central Fare, the new food hall coming to MiamiCentral in Downtown Miami after McKenzie was named as the executive architect and general contractor for the project. Central Fare had originally planned to open in the Fall of 2017, a date which has since been delayed until the Spring of 2018 as MiamiCentral powers towards completion. McKenzie will oversee the construction of 50,000 SF of restaurant space featuring over 20 vendors including Monger by the Voltaggio Brothers, which will be CentralFare’s signature sit-down restaurant, 800 Degrees Italian concept, Miami Smokers, Parliament Coffee, Romanico’s Chocolate and Rosetta Bakery. CentralFare will also bring in big-name chef's from both a local and national level as they aim to create a new culinary experience in Downtown Miami. MiamiCentral is an 11-acre mixed-use, live, work, play style development that will also feature All Aboard Florida express trains connecting Miami to Orlando.

“We’re excited to be a part of this beautiful, pioneering lifestyle project in the heart of Downtown Miami, which hundreds of thousands of people are expected to visit on a yearly basis,” said McKenzie firm owner and CEO Gavin McKenzie.

Renderings by AvroKO

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Florida East Coast Realty On Track To Begin Construction On KPF-Designed Supertall One Bayfront Plaza In Early 2019

Miami is set to get its first supertall in the fast emerging Downtown neighborhood, as Tibor Hollo's Florida East Coast Realty is gearing up to begin construction on the 1,049', 92-story, Kohn Pedersen Fox (KPF)-designed One Bayfront Plaza in 2019. Demolition of an existing office building on the current site is scheduled for the first half of 2019.

Miami is set to get its first supertall in the fast emerging Downtown neighborhood, as Tibor Hollo's Florida East Coast Realty is gearing up to begin construction on the 1,049', 92-story, Kohn Pedersen Fox (KPF)-designed One Bayfront Plaza in 2019. Demolition of an existing office building on the current site is scheduled for the first half of 2019. The tower will reportedly be grandfathered into old Miami zoning codes, allowing Florida East Coast Realty to avoid the 30,000 SF floorplate limit under Miami 21 and build at 36,000 SF floorplates, making the office space more attractive compared to other offerings on the market. The 1,049' design by KPF maximized the height approved by the FAA. One Bayfront Plaza will feature 902 apartments, 200 hotel rooms, 532,000 SF of Class A Office Space, 103,959 SF of retail, pedestrian bridge to the metromover and 1,055 parking spaces. The residences and hotel will feature a sky recreation deck which will have 2 pools, one being for residents and one for hotel guests. There will also be another amenity deck on the 40th floor. One Bayfront Plaza is expected to be delivered in mid to late 2022. 

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Brickell, Commercial, News, Office Space, Retail Demetri Demascus Brickell, Commercial, News, Office Space, Retail Demetri Demascus

Swire Announces Brickell City Centre Office Space is 100% Leased

Swire has announced that Brickell City Centre's 260,000 SF of office space at Two and Three Brickell City Centre is now 100% leased. Each office tower rises 12 floors and was designed by Arquitectonica. The final two leases signed were by KPMG for 16,926 SF, which equates to a full floor, and Interaudi Bank, who leased 10,700 SF.

Swire has announced that Brickell City Centre's 260,000 SF of office space at Two and Three Brickell City Centre is now 100% leased. Each office tower rises 12 floors and was designed by Arquitectonica. The final two leases signed were by KPMG for 16,926 SF, which equates to a full floor, and Interaudi Bank, who leased 10,700 SF. With the office space 100% leased, Brickell City Centre can now focus on their retail offerings, which are 88% leased, and their residential condos, which are 72% sold. Swire will also embark on One Brickell City Centre which will be an 80-story tower with office space. 

“Completely leasing Brickell City Centre’s office space marks a celebratory milestone for Swire and we are honored to welcome financial institutions like Interaudi Bank and KPMG to Brickell City Centre,” said Kieran Bowers, president of Swire Properties Inc. “More importantly, the presence of these celebrated companies at the Centre is a further endorsement of Brickell’s status as a true international hub for business and its continued transformation into a destination to live, work and play.”

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Commercial, News, Miami Beach, Retail, South Beach Demetri Demascus Commercial, News, Miami Beach, Retail, South Beach Demetri Demascus

Lincoln Road Macy's To Be Replaced By DOMO-Designed 1675 Meridian

1675 Meridian, a new concept designed by DOMO Architecture + Design which was first revealed last year, will reportedly replace the Macy's at Lincoln Road in South Beach. In September 2016 PROFILEmiami reported that Macy's was quietly marketing the remainder of leasehold

1675 Meridian, a new concept designed by DOMO Architecture + Design which was first revealed last year, will reportedly replace the Macy's at Lincoln Road in South Beach. In September 2016 PROFILEmiami reported that Macy's was quietly marketing the remainder of leasehold for their Lincoln Road location. Located at 1675 Meridian Avenue, the building as it stands now is 98,610 SF and Macy's has 33 years left on the lease and could go for about $80 million. It is one of the largest retail spaces available in the area.

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Commercial, News, Retail, South Beach, Miami Beach Demetri Demascus Commercial, News, Retail, South Beach, Miami Beach Demetri Demascus

Target To Open Its First Ever Store In South Beach At BLVD At Lenox

Target has announced that they will be opening a new small-format store in South Beach. The store will be located at the new BLVD at Lenox retail development located at Fifth Street and Lenox Avenue. The location will be Target's first ever in Miami Beach and will be 33,000 SF. 

Target has announced that they will be opening a new small-format store in South Beach. The store will be located at the new BLVD at Lenox retail development located at Fifth Street and Lenox Avenue. The location will be Target's first ever in Miami Beach and will be 33,000 SF. The BLVD at Lenox was designed by Zyscovich Architects and is being developed by the Comras Company. The project will rise 4 stories on the lot which was once the Ivy nightclub and will feature 27,000 SF of ground-floor retail along 227 parking spaces. Groundbreaking is expected for 2018 with completion in the spring of 2019. 

“Target has been seeking the ideal location for a small-format store in Miami Beach, so we’re thrilled to be part of the BLVD at Lenox shopping complex to conveniently serve residents and tourists with a unique product assortment that only Target can provide,” said Target Senior VP of Properties Mark Schindele.

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Hotels, News, Retail, Coral Gables Demetri Demascus Hotels, News, Retail, Coral Gables Demetri Demascus

South Miami Votes Against The Zyscovich Architects-Designed Proposal To Redevelop The Shops at Sunset Place

After a year of developing plans with Zyscovich Architects to redevelop the Shops at Sunset Place with the addition of a hotel and 2 residential rental buildings, the South Miami City Commission has voted 3-2 against the project.

After a year of developing plans with Zyscovich Architects to redevelop the Shops at Sunset Place with the addition of a hotel and 2 residential rental buildings, the South Miami City Commission has voted 3-2 against the project. PROFILEmiami first reported in October 2016 that Federal Realty Investment Trust, Comras Company and Grass River Property had acquired the aging Sunset Place mall for $110 million and and were planning a major redevelopment to reenergize the property. In October 2017 we reported that the Zyscovich Architects-designed proposal would include the addition of a 17-story hotel with 182 hotel rooms, and two 14-story residential rental buildings with 442 units total. That proposal was ultimately killed by the City of South Miami's Special Planning Board which was under pressure from worries that the project would open the door to immense development in South Miami. Mayor Philip Stoddard and Vice-Mayor Bob Welsh voted yes, while others voted against it. 

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Construction Update, News, Retail, Wynwood Demetri Demascus Construction Update, News, Retail, Wynwood Demetri Demascus

Thor Equities Officially Begins Construction on Wynwood Walk After Locking Down Construction Financing

Thor Equities, a global leader in urban real estate development, leasing and management, have broken ground and officially commenced construction on Wynwood Walk (November 2017) after locking down construction financing from Bank of the Ozarks. Wynwood Walk will run the entire block from NW 29th Street to NW 28th Street near Wynwood’s northern entrance

Thor Equities, a global leader in urban real estate development, leasing and management, have broken ground and officially commenced construction on Wynwood Walk (November 2017) after locking down construction financing from Bank of the Ozarks. Wynwood Walk will run the entire block from NW 29th Street to NW 28th Street near Wynwood’s northern entrance, and will bring the fast-growing neighborhood approximately 63,000 SF of new retail and restaurant space. Wynwood Walk is being developed by Thor Equities and is designed by Oppenheim Architecture. Thor plans to build a new-two story building with 20,400 square feet of commercial space and renovate three existing warehouses with another 36,884 square feet of commercial space on the property it owns between Northwest 28th Street, Northwest Second Avenue and Northwest 29th Street. The project will include a green rooftop, a paseo, 300' of retail frontage on NW 2nd Avenue, and a landscaped terrace with outdoor seating.

“We are excited to begin construction on this premier development situated in the heart of the Wynwood Art District, which continues to draw hundreds of thousands of visitors each year to its numerous galleries, open-air street art installations, retail stores, bars and restaurants,” said Joseph Sitt, CEO of Thor Equities.

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Coral Gables, News, Hotels, Retail Demetri Demascus Coral Gables, News, Hotels, Retail Demetri Demascus

Check-Out The Zyscovich Architects-Designed Proposal To Redevelop The Shops at Sunset Place

A Zyscovich Architects-designed proposal to redevelop the Shops at Sunset Place is under review by the City of South Miami's Special Planning Board. The developers goal is to reenergize the existing, aging, Shops at Sunset Place into a lively mixed-use, urban district.

A Zyscovich Architects-designed proposal to redevelop the Shops at Sunset Place is under review by the City of South Miami's Special Planning Board. The developers goal is to reenergize the existing, aging, Shops at Sunset Place into a lively mixed-use, urban district. The proposal calls for the addition of a "substantial residential component" including a hotel, restaurants, retail, offices and outdoor parks/gardens. Among the residential towers include a 17-story hotel with 182 hotel rooms, and two 14-story residential rental buildings with 442 units total. The first phase of the project would include demolishing and rebuilding large sections of the existing shopping center to update it with a more up-to-date, modern design. The second phase is to add a "true resident population." The redevelopment is being designed by Zyscovich Architects and Developed by Federal Realty, Grass River Realty and Comras Company.

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Hotels, Midtown, News, Office Space, Retail, Finance & Banking Demetri Demascus Hotels, Midtown, News, Office Space, Retail, Finance & Banking Demetri Demascus

HES Group Secures Loan $9.5 Million Loan For Triptych Hotel in Midtown

HES Group has secured a $9.5 million loan for Triptych Hotel, in Midtown Miami, adjacent to Miami Design District. The loan was provided by a Panama-based lender 21 Brands S.A. Triptych Hotel was approved earlier this year, after HES Group sold JQ Group shares in the project for undisclosed terms. 

HES Group has secured a $9.5 million loan for Triptych Hotel, in Midtown Miami, adjacent to Miami Design District. The loan was provided by a Panama-based lender 21 Brands S.A. Triptych Hotel was approved earlier this year, after HES Group sold JQ Group shares in the project for undisclosed terms. Previously it was reported that HES Group was looking for $120 million in construciton financing. The plans feature 20-story mixed-use tower with 252-hotel rooms, 38,000 SF of retail, 41,000 SF of office space, and 300 parking spots. The hotel will be operated as part of Hilton Worldwide's Curio Collection. HES Group, which is managed by Francisco Arocha, purchased the site for $12.25 million in 2014 under the affiliate-entity Aventura Hotel Properties, LLC. HES Group also owns and manages Aloft West Palm Beach and Hotel Indigo in Brickell. 

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Miami Beach, News, Retail, South Beach, Restaurants Demetri Demascus Miami Beach, News, Retail, South Beach, Restaurants Demetri Demascus

Pitbull to Open iLov305 Restaurant and Cocktail Bar in Former Bon Air Hotel on Ocean Drive

Pitbull is bringing a restaurant to Ocean Dirve. The singer has announced that he will launch a new concept, iLov305, in the former Bon Air Hotel at 1600 Ocean Drive. iLov305 will be a restaurant and cocktail lounge with daiquiri bar.

Pitbull is bringing a restaurant to Ocean Dirve. The singer has announced that he will launch a new concept, iLov305, in the former Bon Air Hotel at 1600 Ocean Drive. iLov305 will be a restaurant and cocktail lounge with daiquiri bar. Pitbull signed a lease for the space which is owned by Nakash Strand, LLC.; an entity controlled by the Nakash family, and plans to restore the space to its former, classic, 1934 design. Renovations, which were approved by the Miami Beach Historic Preservation Board and are designed by architect Mario Echevarria, will include the facade, lobby, historic stairway, fireplace, decorative support columns and tile mosaic flooring. Nakash Strand, LLC. purchased the ground floor commercial space for $18.3 million 2012; the units were converted to hotel condos in 2004. 

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