- Miami Formula E Race February 28, 2015
Miami Formula E Race
Miami Formula E Race is coming to Downtown Miami. Biscayne Boulevard will be part of this exciting event. Bringing back car racing to our city!
Miami and Long Beach are the two US cities to play host to Formula E Race.
This innovative Electric Racing Series features ten teams for one hour races with top speed of 135mph and zero emissions.
Formula E Holdings CEO Alejandro Agag stated:
“We want to promote the use of electric cars in cities around the world…cities that are at the front of the green button.”
For those of us, that grew up in Miami and have been anxiously waiting for another Grand Prix, here it is, with a twist, “electric cars, the wave of the future”.
Grand Prix of Miami took place between 1983 and 1993 in the streets of Downtown Miami. For the race car enthusiast, it was exhilarating!
Now back to our streets, the Miami Formula E Race set to run around Biscayne Boulevard and the American Airlines Arena, through Southwest 12th Street and Southeast Second Avenue, turn right on Southwest 14th Street and down back to Bayshore Drive and back to Biscayne Boulevard.
The set up is underway! They need a total of four to six weeks to set up the circuit that runs through its downtown area. All work on the circuit is being done at night not to disrupt traffic flow in the area.
Miami Formula E race, set to take place on the streets of downtown Miami, Fla., on March 14, 2015.
Andretti Sports Marketing has been chosen to organize the Miami Formula E Race.
Miami stands to profit from the race in several ways. The Formula E event will create 240 direct and 2,000 indirect jobs. The visitor count is expected to hit 25,000 and the race event will net the city some $10 million.
Miami city commissioner, Francis Suarez, had this to say of playing host to the racing event:
“I think this is precisely what Miami needs. It reminds me of my teenage years when I grew up watching the Miami Grand Prix. This is precisely the kind of visionary project that we should support and be engaged in.”
Congratulations to the City of Miami for bringing this event to our city! We are all looking forward to it.
For Miami Formila E track info and tickets: Car Racing in Downtown Miami
For more information on Downtown Miami call me 305-951-3588 your Downtown Miami specialist.
- Biscayne Boulevard Beautification Project February 21, 2015
Biscayne Boulevard Beautification Project
Biscayne Boulevard Beautification Project with plans for more greenery and pedestrian friendly streets moves forward.
Biscayne Boulevard lanes will be narrowed from eight lanes to either four or six. Biscayne corridor from Northeast eighth street south to Biscayne Boulevard Way will be affected. Parking spaces will also be decreased from 388 to 187 but nothing has yet been approved. The decrease in parking spaces will cost the Miami Parking Authority $1.2 million a year revenue, large number!
“The Miami DDA is in the process of building a three-dimension model that should be ready in the next two to three weeks,” Eric Riel Jr., team leader of planning, design and transportation for Miami’s Downtown Development Authority, said Friday. This model will be used during meetings with state officials.
The plan would replace a shared bicycle lane with a dedicated lane and widen sidewalks. Cost for medians is $24 million.
In April this plan was voted in and was announced, as one of my earlier newsletters discussed. As it was said back then, “We have an opportunity to create a grand promenade. There are not many other areas where this could be done,” said authority board member Jerome Hollo. He also went to say, “This will be something great.” Fewer lanes, he said, will slow traffic, making pedestrians safer.
The good news is that a city study concluded that traffic impact would be minimal once lanes were closed, authority documents say. Some in the area disagree with this statement. As for myself being a Downtown Miami resident, I’m not too sure how this will impact the traffic. There is bumper to bumper traffic when events are in town, Miami Heat games, etc. The traffic is only before the event and once the event is over. I have yet to see Biscayne Boulevard traffic back-ups on regular days.
The Florida Department of Transportation must agree to reduce lanes and the parking authority must trim parking spaces and reconfigure what’s left, in order to move forward.
Miami-Dade County must redesign intersections, develop a phasing plan, and submit construction documents to relevant agencies. It’s the Miami’s Downtown Development Authority’s task to find funds for the project.
Already, many Citi Bike stations have been installed throughout the area. These bikes makes it easier for tourist and locals to get around, but we do need to make our street safer. Biscayne boulevard beautification project will assist with this issue, but is this the only way? For more on CitiBikeMiami.com
Only time will tell if this project will be approved. It’s one of the major projects and I believe, most complicated to date, due to traffic change in such a major boulevard.
What are your opinions?
Contact me for more on what’s coming to the area 305-951-3588 Downtown Miami Specialist!
- Miami Arts and Entertainment District February 15, 2015
Miami Arts and Entertainment District connecting the Wynwood Arts District and Design District to Downtown Miami is now emerging.
Located, just south of Edgewater, it is bound roughly by North 24th Street, I-395 to the south, by the Florida East Coast Railway, North East Second Avenue to the west, and Biscayne Bay to the east. Developers see a rebirth for this area.
When the Genting group announced their land acquisitions in the Miami Arts and Entertainment District in 2011 the hype began and prices began to rise. The only residential building West of NE 2nd Ave and 17th Street was Park Lofts, with the current Filling Station Lofts being an abandoned building not finished that sat there for several years until purchased by Nir Shoshani and Ron Gottesman. The purchase, made public three years ago for $ 9.2 Million, the project was completed and are now renting for $ 2400+ sizes ranging from 900 – 1400 square feet lofts. They are amazing spaces with the 9th floor units consisting of a spacious balcony plus a deck opposite side of the unit.
With the rebirth of this area, many developers have acquired their space. Many believe that condos and rentals in the area will be more affordable than Downtown Miami and Brickell but comfortable to draw second home buyers and locals. The neighborhood is steps away from the metromover, which makes it attractive to locals as well as near to the new emerging Wynwood Arts District!
One developer that is already setting the trend is NR Investments who’s pre-construction development “Canvas” is already selling well and at attractive prices. Located on NE 2nd Ave and 17th street, this project will consist of 37-stories, 513 units at an average of $ 450 per square feet. Units range from 620 sqft studios to 1110 sqft two bedrooms/two baths units. Amenities feature city bay view lounge, signature dining, pools, racquetball courts, gym, spa and much more. The team includes CFE Architects known for their work at Grove Isles amongst others and Roman Jones of the Opium Group taking care of the dining and entertainment.
The 7 acre parcel of land across from Canvas, was purchased by a company with ties to Richard Meruelo at a price of $64M. The site was previously proposed for a four story tower with 653 square feet of retail, 24 loft residences, and 2,360 parking spaces but it’s unclear if the new owners will continue with the approved plans. Just south of Canvas, Gloria and Emilio Estefan are planning a mixed used tower. The Related Group purchased 1400 Biscayne Center for $57.3M and also own with affiliate CMC Group the property next to the Checkers drive through. Both Related and CMC Group are established developers widely known for their projects. CMC Group headed by Ugo Colombo known for projects such as Bristol Towers and Santa Maria in Brickell, Epic in Downtown Miami, and now the anticipated Flat Iron in Brickell.
This area just like Wynwood was deserted for decades, with only warehouses or abandoned buildings in site. Now everyone wants a piece of it. Wynwood has grown immensely in the last couple of years, streets are busy and people are seen enjoying their coffees or meals outside wonderful establishments. The Arts and Entertainment District will soon be the same, this is the area to keep an eye on next!
I’ve lived in Miami all my life. I first stood in the Freedom Tower in 1971! I drove around the Wynwood and Downtown Miami areas frequently and it’s amazing what it has become. I love this town and I look forward to seeing it continue to develop.
Call me for more information 305-951-3588
- Downtown Miami Construction Updates February 7, 2015
Downtown Miami construction updates are here. Miami condo pre-construction is on an upward swing with Brickell Citycentre phase one almost completed.
Downtown Miami is going through a major renovation and construction is moving along, permits are being issued and updates continue.
Met Square located at 300 Biscayne Blvd way, has had its ups and downs since its developer MDM announced the project in late 2012, where the old Henry Flagler’s Royal Palm Hotel stood in 1897. Early in 2013 it was revealed that while digging on the site many artifacts dating back to the Tequesta Indians were found as well as remnants of Flagler’s hotel. After lots of talks, and negotiations with the preservation league new renderings were revealed in early 2014. Remnants of these historical periods are being restored, rebuilt, and exhibited, showcased within 2 circular areas residing below the tower and theaters coming to Downtown Miami. In late 2014 plans for archeological exhibits at the site were expanded. A cross-block public plaza that will have remnants of the Royal Palm Hotel, and a line demarcating the original Miami River shoreline, integrated into the plaza landscaping. Also, the interior exhibits will consist of glass floors over the partially-preserved Tequesta sites, educational and informational displays, and a preserved well dating back from Fort Dallas.
Met Square’s original plans were 438 foot hotel tower, 570 rooms, 1,700 seat theater, and 4,100 sqft restaurant space. Currently the project is stating 538 foot hotel tower.
In early January 2015, several developers received noticed from the FAA that their towers were too tall and would endanger aviation safety. One of the towers was Met Square! The others included Swire proposed 1,049 foot tall tower at Brickell City Centre, One Bayfront Plaza by Florida East Coast, 100 S Biscayne Blvd., 1,010 foot, and The Melo Group’s Aria on the Bay Tower at 540 foot.
Luckily for Met Square on January 30, 2015, the FAA determined that the project is not a hazard for air traffic.
“We continue to work towards beginning construction on Met Square, the culminating component of the multi-billion dollar, master-planned Metropolitan Miami project.” said Ian Swanson, a principal of MDM Development.
The FAA has not come to a determination on the other buildings, as of yet.
In other news, Brickell City Centre’s one of two condo towers in the first phase of the megaproject topped off, following the recent topping off of the East Hotel. The 43 story building consists of 383 units.
Whole Foods Downtown Miami store also part of Metropolitan Miami is now open. The store is a hit with Downtown Miami residents as well as area workers, both during the day and in the evening. Construction continues on the upper floors which will consist of rental apartments.
Pre-construction sales continue strong. Many new projects such as Biscayne Beach, Paraiso Bay, Aria on the Bay amongst others have little inventory available. Availability of units with direct water views are seldom. Paraiso Bay will soon launch “Paraiso II” with many buyers anxiously waiting. This building will offer units with magnificent bay views!
Call me for more information 305-951-3588.
- Getting Around Miami February 1, 2015
Getting around Miami has been made easier and there is more to come.
Miami Rail Hub also known as MIC, Miami Intermodal Center consists of the Miami Central Station located east of the Rental Car Center in MIA (Miami International Airport). Once all developed will serve as Miami-Dade County’s first all-inclusive ground transportation hub. Making it easy for travelers to get to their destination.
This facility is designed to accommodate various transportation connections, hence providing connectivity between transportation options. Currently, the Miami-Dade Transit’s MIA station and Orange Line service, completed in July 2012, is already transporting passengers to and from the airport via Metrorail and Metrobus. The transportation into the airport makes it very convenient for passengers to get to and from the airport. Many traveling to Downtown Miami like the convenience it brings. With a fare of only $ 2.25 one way and $ 5.65 one day pass, many take advantage of this great and easy way to get around Miami.
The MIA Car Rental Center which features 16 car rental car companies under one roof and serves approximately 17,000 customers daily, has the capability to wash and re-fuel 300 vehicles per hour because of its multi-level fueling system – the first of its kind in the U.S. – and state-of-the-art Quick Turnaround Area, which includes 120 gas pump positions and 42 car wash bays on three vehicle storage levels. Is another easy option for visitors that would rather have their own transportation.
The next phase consisting of The Tri-Rail and The Amtrak, has been delayed. This delay is part due to the take over from Florida Department of Transportation, to the MDX, Miami Dade Expressway Authority which will supervise the MIC. A dispute over money between FDOT, which designed and built the MIC, and the general contractor, in which has already been settled and safety issues which have also been resolved.
The Tri-Rail station should be finished in the spring, giving passengers another option to get to Broward or Palm Beach County from MIA. Via the Tri-Rail it also makes it easy to get to the Ft. Lauderdale Internationa Airport, FLL. There are shuttles waiting for passengers in designated stops that will tranport them from the Tri-Rail to the airport. The Amtrak station should be ready in the summer of 2016.
An elevated pedestrian walkway will span across the rail tracks from the public esplanade into the MIA Movers MIC Station.
The MIC Program has also taken into account the Miami-Dade’s Bicycle and Pedestrian Program and throughout the MCS facility provisions for bicyclist, and pedestrians, will allow them to safely move about and make their transportation connection, as well lockers and showers for bicyclists.
Like many major cities, Miami is now expanding and taking off high to new levels of service and transportation. Miami is a capital city with beautiful beaches, wonderful weather year round, and much more to offer. Getting around Miami is much easier now, if you are here for a day you are able to board the metrorail and go siteseeing. Passengers that stop at PortMiami can also take advantage of this great and easy way to see the City of Miami.
Come visit Miami maybe you’ll see what the rave is about and decide to make it your final destination!
For more information on Miami, contact me: 305-951-3588. I’ve lived in Miami all my life and I am proud of my city.
- The New Miami! January 24, 2015
The New Miami is here! In Downtown Miami thousands gathered in Bayfront Park Miami to celebrate the New Year 2015! Mr. 305, Pitbull performed, seen live on Fox network. Visitors from around the world were in town to take in the warm weather and celebrations. From Miami Beach, to Downtown Miami, streets were busy with cars, and pedestrians.
It’s an exciting time for Miami and we are, finally, on the spotlight! Miami is also being mentioned all over the world along with major cities as New York, Chicago, Los Angeles, and Miami, how sweet that sounds!!! We were an outcast but now we are in the Club.
The Art scene has evolved with such a huge art show as Art Basel every year taking place in our city. The growth of this show is tremendous bringing art lovers from all over the world to Wynwood, Midtown Miami, the Design District, Miami Beach, Downtown Miami and its surrounding areas. This year many attendees also took time to discover all that Miami has to offer in Real Estate.
With the art scene continuing its growth, and rent prices in Wynwood rising galleries are heading to surrounding areas. Many galleries are now being seen in neighboring Little Haiti and Little River. Areas that were once shadowy outliers vaguely evident are now destinations.
One of the hottest areas for 2015 is said to be the Arts & Entertainment District just South of Wynwood and west of the Perez Art Museum Miami (PAMM) and booming Edgewater. This area currently houses the Adrienne Arsht Center and the future of the Genting project.
Miami is also preparing to have its own observation tower known as SkyRise Miami. The city itself is moving up, and it’s helping Miami become a world-class city in 2015. SkyRise Miami will be behind only Stratosphere Tower in Las Vegas as the tallest observation tower in the country, and will feature a ballroom, amusement-park-style rides, and a nightclub.
Businesses are also looking seriously into Miami for relocation and growth. In Wynwood, for instance, start-up businesses are moving in, there are rumors that Facebook is exploring office space in the area. Breweries are also coming into play, such as Wynwood Brewing Company, a great place to try some new crafts. Several others will join in 2015 such as J. Wakefield Brewing and Concrete Beach Brewery.
Areas such as Edgewater, Wynwood, Downtown Miami and Brickell are all booming with residential real estate. In Wynwood the hype is about “250 Wynwood” live and work spaces in a small boutique building consisting of only eleven units, which is almost sold out. This will liven up the area. Nightlife is also booming, with many clubs and restaurants. Every second Saturday of each month, they have “Wynwood Artwalk” which many local vendors set up their crafts, food trucks join in, and lots of art is displayed. The area that several years ago no one was interested in, is coming back strong!
Lots to look forward to in 2015 and beyond. Make your move, make it to Miami. Call me 305-951-3588 for more of what Miami has to offer. I live and work in Downtown Miami.
- Miami Worldcenter Downtown Miami October 23, 2014
Miami Worldcenter Downtown Miami and Grand Central Miami station also known as the All Aboard Florida are the most significant planned project within the Downtown Miami area. This mixed-use project is located in the northern part of Downtown Miami and west of the American Airlines Arena and Biscayne Boulevard.
The Miami Worldcenterproject includes 30 acres and will provide 750,000 square feet of retail space including 600,000 square feet of convention space, in addition to an approximate of 1,800 room Marriot Marquis Hotel.
Downtown Miami Convention Hotel in the former Arena site has already been approved. Marriott branded expo site will take over and construct the 2.2 million square foot convention hotel. It’s plans also include approximately 1,200 condo units as well as an approximate of 1,900 apartment units.
The Grand Central Miami rail station will activate pedestrian traffic through Downtown Miami on a daily basis. Recent announcements indicate the long term potential for both commercial and residential space.
In the Downtown Miami area only one project is under construction. Centro, is a residential tower by Newgard Development Group in collaboration with Yves Behar. Its sleek design and attractiveness to modern living will consist of 352 units ranging between 545 sqft to 1173 sqft. This development will have no onsite parking, instead they will offer valet parking, and the first dedicated Car-2-Go hub in Miami as well as a bike-share station. The project’s current average pricing $439 per Square Feet, is the low end of pricing within the Downtown Miami area. This development promises to attract conventional homebuyers and downtown workers.
New towers are also in the works, for this area. Such towers are the exceptional 1000 Museum which is an ultra luxury project designed by Zaha Hadid totaling 83 units, average square feet 5,389 and average price $ 6,937,775. This will be the only building with a heliport onsite! More on this building to come.
Another project just announced is Krystal Tower by a group of Brazilian developers. This project has been proposed consisting of 153 units in 35 stories, located at 530 NW 1st Ct. Starting in the $200,000’s ranging between 900 square feet and 1,330. More on this project: Krystal Tower
It’s a wonderful time for Downtown Miami, the growth is tremendous! Many small retailers have closed their doors to make room for more up to date retailers.
- Miami Formula E Race
- Biscayne Boulevard Beautification Project
- Miami Arts and Entertainment District
- Downtown Miami Construction Updates
- Getting Around Miami
- The New Miami!
- Miami Worldcenter Downtown Miami
- Downtown Miami Continues To Grow!
- Port of Miami Tunnel – Ready for Business!
- Downtown Miami Herald Building Demolished!