The Miami new construction market is putting up some of the most impressive numbers in the nation this year, according to research from Dodge Data & Analytics. In October, Miami saw more than $1.108 billion in total residential construction spending, which is a whopping 217 percent increase from Oct. 2015. Furthermore, year-to-date construction spending is...
Three upcoming big projects
Miami considers plans for 888 Brickell office tower, Quadro apartments by Alta Developers, and Ellipsis condo Developers are seeking approvals for three major projects in Miami: a Brickell office tower, an apartment building on the Upper Eastside and a boutique condominium in Edgewater. The city’s Urban Development Review Board will consider all three proposals...
Ritz-Carlton Is Out to Make Art Studios the Latest Must-Have Amenity in Luxury Living
Walk into one of Tatiana Blanco’s parties and you’ll find guests gathered around a blank canvas, not a TV or the kitchen table. “I needed an outlet—a place where I could release my emotions more spontaneously. And I saw that my friends did, too,” says the sculptor from her home and studio in Key Biscayne, a small island town across the bridge from Miami....
Brickell Avenue in Miami is growing fast, but is it too much?
Philippe Houdard could be Brickell’s future: He has gone car-less. Houdard, the co-founder of office-space sharing firm Pipeline, sold his Honda Accord when he moved to Brickell from South Beach last year. He walks when he goes to dinner. He takes Uber to meetings. “Brickell has the density to do everything I need within several blocks,” Houdard said. “It’s...
Spanish Billionaire buys Miami’s iconic Southeast Financial Center for $500 million
Buying a whole block on Miami Beach’s Lincoln Road simply wasn’t enough for Spanish billionaire Amancio Ortega. The Zara owner has yet again smashed a Miami record with the $500 million purchase of downtown’s Southeast Financial Center, an iconic office building that seller JPMorgan Asset Management began shopping around earlier this year. In a single deal,...
Redevelopment planned in Miami’s Little River
A group that paid $10 million for property in Miami’s Little River neighborhood plans to redevelop it. AHOS 2 LLC, owned by Avra Jain and Joe Del Vecchio, sold the 178,810-square-foot office building at 7942 N.E. 2nd Ave. to MD 79th Holding LLC, managed by Robert Daniels in Miami Beach. Metro 1 Commercial’s Alfredo Riascosrepresented the sellers while Devlin...