- The New Miami August 25, 2015
The New Miami is here! Miami, known as the American Riviera is attracting the wealthy from every part of the world.
According to the Knight-Frank survey of cities that are most important to high-net-worth individuals, Miami ranks sixth in the world, compared to a seventh place ranking in 2014. In the western hemisphere, only New York ranks higher.
Miami is also now ‘firmly on the radar’ of wealthy investors from mainland China.
Here are some of the cities ranked in the survey for 2015:
- New York
- Hong Kong
Did you know that more private jets fly between Miami and New York than any other route in the country?
According to another study by Knight-Frank 2015 wealth report shows Miami to New York being the busiest route for private jet traffic in the country!
The study, which cites data from NetJets and other sources, lists the route as the second busiest in the world in 2013. Only Moscow to Nice was higher, although that route has likely seen a drop in traffic this year due to the Russian economic crisis.
Studies have also shown that there are more passengers on commercial flights between the Miami and New York metropolitan areas than any other route in the country.
Private top ten routes include:
- Moscow to Nice
- Miami to New York
- New York to Los Angeles
- London to New York
Last but not least Downtown Miami’s transformation has caught the attention of USA Today!
The article notes how Downtown Miami has gone from boom to bust to boom again, with the population more than doubling in recent years. Local historian Paul George is quoted as saying that Downtown Miami is in the middle of a ‘complete turnaround,’ and that we are witnessing a ‘monster transformation.’
The report also notes that the number of downtown restaurants has doubled, along with new museums, hotels, retail centers and other projects that have recently opened or are under construction.
If you want to know more about Miami and our wonderful areas, contact me, I’ve lived in Miami all my life, who better to guide you 305-951-3588.
- Canvas Miami Residences March 28, 2015
Canvas Miami Residences pre-construction in the Arts and Entertainment District. The Arts and Entertainment District connecting the Wynwood Arts District and Design District to Downtown Miami is now emerging.
The two residential buildings West of NE 2nd Ave and 17th Street are Parc Lofts Condominiums and The Filling Station Rental Community, now renting for $ 2400+ sizes ranging from 900 – 1400 square feet lofts.
NR Investments also part of The Filling Station, is the developer for “Canvas” which is already selling well at attractive prices. Located at 1630 NE 1st Avenue, 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. All residences feature 9 foot glass from floor to ceiling, with European design kitchens and bathrooms, finished flooring throughout the apartment, delivered ready for move in.
One block South of the metromover makes getting around easy. From this enviable location, Canvas residents can enjoy immediate access to the neighboring Adrienne Arsht Center for the Performing Arts, Arts & Science Museums, the Miami World Resort, theMiami Design District and the Wynwood and Midtown area for shopping and entertainment along with a myriad of dining options and boutiques. Within just 10 minutes one can be enjoying the pristine beaches of Miami Beach, all of Brickell’s financial district, and quick access to Miami International Airport.
The Canvas Miami Residences 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.
UNPARALLELED BUILDING AMENITIES
- Sunset/Sunrise pools accentuated by wooden benches and lush gardens
- Recreation spaces designed for tranquility
- Modern high tech gym tranquil meditation garden
- Pet play area sauna & steam room modern game room
- Cinema room indoor & outdoor lounge
- BBQ enclave raquetball court
- Expansive pool decks
- State of the art fully equipped fitness center 24-hour valet parking
- 24 hour attended security services high speed internet access business center
- Maintenance 0.60-.70 cents per sq.ft.
Studio 620 SF | 57.59 m2A1 | 1 Bedroom/ 1 Bathroom 800 SF | 74.32 m2A2 | 1 Bedroom + Den / 1.5 Bathroom 910 SF | 84.54 m2B1 | 2 Bedroom / 2 Bathroom 940 SF | 84.54 m2B2 | 2 Bedroom / 2 Bathroom 1110 SF | 103.1 m2This is an affordable development, best priced in the Arts and Entertainment district and its immediate surrounding. Great to make it your primary residence or for investments. Rental prices are soaring and there is a high demand for housing. Many young professionals are moving to the area and as Miami grows the area will grow along with it.For more information call now 305-951-3588.
- 5 unit types
- Countless views
- Each residence offers 5-7″ wide private terraces
- Tinted, impact resistant, floor to ceiling sliding glass doors and windows
- Advanced technology “smart building” pre-wire with fiber optics for high speed internet, data/voice cable tv access
- Modern design cabinetry in kitchen and bathrooms
- Downtown Miami ePrix In Full Speed March 24, 2015
Downtown Miami ePrix in full speed this weekend during the Formula E Miami ePrix Race. Biscayne Boulevard was transformed into an electric car speedway.
Twenty Thousand spectators filled the streets of Downtown Miami to watch the Miami ePrix in the making. Some of the best seats in the house were literally in the house where residents from Marina Blue, 900 Biscayne Bay, 10 Museum, and The Marquis watched from their residential balconies.
There were 10 teams competing each with four cars and a total of 39 laps. The top three winners were:
Nico Prost of the e.dams-Renault Team
Scott Speed of the Andretti Team (the only American in the field)
Daniel Abt of the Audi Sport ABT Team
Marco Andretti was looking forward to the Miami ePrix, describing the US setting as “no better city for a race”.
The Miami ePrix was seen live in the states on Fox Sports 2. It was wonderful for Miami, another great way to show everyone all that Miami has to offer. They had live shots from all over town, the warm weather, the cars, the speeds, it was exhilarating.
It attracted many well known celebrities, media personalities, and executives. One seen and speaking to the media was Sir Richard Branson who joined the Virgin Racing Team in the paddock. Branson stated “It has been a privilege to be here today with the team to see the backstage action, the working of the garage and to support the drivers. This has been a great day all round even without finishing on the podium and Miami has been such a great venue for this ePrix.” Branson, founder of the Virgin Group compromises more than 400 companies, including Virgin Records, Virgin Atlantic .
The Miami Museum park was filled with food trucks and vendors, there was a large screen in the middle of the park showing the race and many were gathered watching from that very spot. Bounce houses for children, and activities were also part of the celebration. The bay was filled with boats including the Seafair and VanDutch offering VIP services for the elite.
It was a wonderful, fun event for all. We look forward to it again in the future. Keep your eyes out to be part of it, whether you live in Miami or not!
- 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.
- The New Miami
- Canvas Miami Residences
- Downtown Miami ePrix In Full Speed
- 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