Students from the University of Miami School of Architecture have created concept designs for the Biscayne Line, the stretch of bay walk planned to boarder Edgewater. The Related Group, which is developing the Paraiso district, and the recently completed Icon Bay, both in Edgewater, sponsored the design studio at UM last fall.
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The formerly-neglected Miami River has seen incredible action in the last two real estate cycles, with literally billions of dollars trading hands and thousands of new units coming to market in buildings like One Miami, Flagler on the River, and Icon Brickell. Since the year 2000, the lower river (the section between Spring Garden and Biscayne Bay), including properties up to a single block inland, has seen $7.3 billion in recorded sales, with almost all of it ($7.08 billion to be exact) concentrated in the blocks between Biscayne Bay and I-95. In 2010, the most lucrative year in the river’s history, $1.089 billion in sales were made.
Continue reading “Lower Miami River Exploding; Over $7 Billion in Recorded Sales Since 2000”
In the heart of Miami, less than two blocks away from towers in three different directions, this jungle compound at 87 SW 18th Road is tucked into a quiet corner off South Miami Avenue. A double lot property, with a historic 1937 main house, modern guest house, vintage Airstream trailer in the yard (unfortunately interior photos of the Airstream aren’t provided), and luscious pool, it hit the market a few days ago for $1.45 million.
The Miami Women’s Club is a petite golden yellow tower at the south end of Margaret Pace Park, standing watch over Biscayne Bay. This Mediterranean Revival structure was designed by August Geiger, one of the great Med Revival architects of Miami’s early years, and opened in 1926. Recently, urban explorer Bullet of abandonedfl.com went inside to photograph the club’s magnificent old ballroom. awaiting its restoration.
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A developer has proposed a pair of slender 43-story apartment towers for a compact lot on Flagler Street currently used for surface parking, reports The Next Miami.
Continue reading “Twin Towers With ‘Secret’ Hanging Garden Proposed for Flagler Street”
Construction of the majority of City Place Doral, the mixed-use retail and residential development being jointly built by the Related and Shoma Groups, has topped off according to the developers, and is on schedule for completion by the fourth quarter of this year. This encompasses the Flats at City Place Doral, a pair of long apartment blocks lining Main Street City Place, as well as 600,000 square feet of restaurants and retail, or enough to fill three Cocowalks.
Continue reading “City Place Doral is Topping Off, and the ‘Urbanization’ of Doral Continues”
Just as the condo market begins to soften, construction in and around Miami’s urban core is continuing at a pace not seen since the crash of 2008 and the Great Recession ground everything to halt, with lots of buildings well underway or just breaking ground. Photographer Phillip Pessar surveys the damage.
Continue reading “Checking in on Lots of New Construction In and Around Downtown Miami”
Last weekend, 550 truckloads of concrete was pumped into the foundations of the Florida East Coast Railway’s future MiamiCentral Downtown Miami passenger train terminal, where Brightline trains will whiz in and out of Downtown on elevated viaducts.
Continue reading “Miami’s New Downtown Train Station Going Vertical With Massive Concrete Pour”
Paramount Miami Worldcenter, and the Mall at Miami Worldcenter, two of the key components of the multi-billion dollar Miami Worldcenter megaproject, held a joint groundbreaking ceremony today in Downtown Miami. The affair was likely the biggest ground breaking ceremony of this real estate cycle, and perhaps even in all of Miami’s history. The project itself (Paramount and the Mall are linked in one gigantic building) actually began work late last year.
The University of Miami’s annual Real Estate Impact Conference, was held earlier this month at Brickell’s Four Seasons Tower, and topics revolved around trends in the commercial and retail and market, the rise of the Millennial generation, and technology’s real estate dominance in this cycle and the future, both through new construction and estate data and analysis.The University of Miami’s annual Real Estate Impact Conference, was held last month at Brickell’s Four Seasons Tower, where topics revolved around trends in the commercial and retail and markets, the rise of the Millennial generation and their impact on real estate, and technology’s increasing dominance in this cycle and the future. READ ON FOR A FULL VIDEO REPLAY >>
