brgintl

[brgintl]

Final Vote to Approve $5 Billion in Funding to Miami International Airport Expansion will Happen Next Week

Commissioners of Miami-Dade are scheduled to vote next week on releasing a $5 billion in bonds for restoration and extension of Miami International Airport. Earlier this month, they unanimously voted to approve the bonds, and a second and final reading is programmed for March 17.

Approximately $1 billion will cover projects that already started, and the remaining $4 billion will be used to cover projects between 2020 and 2036.

Central Terminal will see the most significant changes, including the demolition and reconstruction of Concourses F and G. There will also be a new check-in area, and the curbside and exterior will be rebuilt.

At the North Terminal, four new wide-body gates will be included, thanks to the reconfiguration of the space. The regional gates at D60 will be extended and rebuilt. 

The South Terminal will be extended with several new gates plus a new retail area. 

The funding and plans will be organized to enable the airport to hurry up or reduce down the development based on any increase or decline in demand.

The total value equals to $4,015,563,000 when including the work necessary at other county airports like Opa Locka.

Below is a full list of what is being funded at the airport from 2020 through 2036:

MIA North Terminal Gate Optimization Phase l

MIA Concourse “D” West Expansion — D60

MIA North Terminal Ramp Level Restrooms

MIA Central Terminal Redevelopment Phase 1

MIA Central Terminal Redevelopment Phase 2

MIA New CC F Enabling Up—gauge and Down-gauge Project

MIA New Concourse “F”

MIA Concourse F New Apron Phase 1 and Phase 2

MIA Concourse F Demo Phase 1- Headhouse Demo and New Hardstand Area

MIA Concourse F Demo Phase 2 — CC_F Pier Demo and New Apron Phase 3

MIA Lower Concomse E FIS Renovations ~ Phase 2

MIA Central Terminal Upper Drive Facade and Curbside

MIA Concourse “G” Demolition

MIA Concourse “E” and “F” Taxi Lane and Apron Rehabilitation

MIA South Terminal Apron and Utilities Relocation Phase 1

MIA South Terminal Expansion East (New Gates) Phase 1

MIA South Terminal Apron Enabling — Demolition of Building 3050

MIA South Terminal Centralized Checkpoint

MIA Concourse “H” – Glazing, Curtain Wall Assessment, and Corrective Action

MIA Terminal Wide Re-roofing and Lightning Systems Upgrades

MIA North and Central Terminal Passenger Loading Bridges Phase 2

MIA Tenant Relocations

MIA Vehicle Fueling and Car Wash Facility

MIA Demolition Building 3039 and Fuel

MIA Temporary South Terminal GSE Facility & 20th Street modification AOA

MIA Demolition Building 703 and 703A

MIA Demolition Building 703 Environmental Assessment and Remediation

MIA Building 5A Tenant Relocation

MIA Building 702 Apron & Airside Improvements

MIA GSE Facility for North Terminal

MIA Demolition Building 5A

MIA Building 702 Expansion

MIA Demolition Building 704

MIA Consolidated Cargo Fumigation Facility

MIA West Cargo Truck Parking

Land Acquisition

MIA Runway 9-27 Rehabilitation

MIA Perimeter Road Bridge

MIA NW 37th Avenue Improvements

MIA New Hotels

MIA Fuel Storage Facility Expansion (Tank No. l)

MIA Fuel Storage Facility Expansion (Building and Tank No.2)

MIA Runway Incursion Mitigation (RIM) Hot Spot 5 (Corral area)

from BRG International - Feed https://ift.tt/33k6Ir4 via Beyond Realty Group

#BRG International - Feed

[brgintl]

Florida, the No. 1 Moving Destination in the Country

The Sunshine State, one of the most loved destinations by tourists and travelers, whether for its beautiful beaches, incredible attractions, or its large amount of diversity among its people and businesses, has now beaten out Texas as the No. 1 moving destination in America, according to U-Haul. 

“Florida has been showing signs of growth for a decade,” said Miguel Caminos, U-Haul Company of Orlando president. “Central Florida is really booming. I can’t think of any major suburb where there aren’t home developments or new shopping centers being built.”

“There’s an expectation of comfort for people moving here. They know there are jobs. Plus, there are tons of attractions, and our state is family-friendly. The weather is perfect, and no matter where you live, you’re less than an hour from the beach,” Caminos explained in a statement. 

The data provided by U-Haul corresponds with a new Census analysis pointing that as of July 1, 2019, Florida kept it’s spot as the third most populous state, having moved ahead of New York in 2014.

Florida’s population increased by 1.1% over the past year, more than twice the United States average and ninth-highest among all states plus D.C., according to Jed Kolko, economist to Indeed.com. 

The areas of Kissimmee, West Palm Beach, Ocala, Port Saint Lucie, and the Bradenton-Sarasota led Florida’s gains, according to U-Haul. Boca Raton, Pensacola, Miami, Fort Lauderdale, and St. Petersburg were between the other significant cities to see a net gain of U-Haul trucks.

The state arrivals of one-way U-Haul trucks grew 1%, while departures were declining 1% compared to the state’s 2018 numbers. Arrivals were estimated for 50.6% of all one-way U-Haul traffic in Florida.

from BRG International - Feed https://ift.tt/32E4SAF via Beyond Realty Group

#BRG International - Feed

[brgintl]

Report: South Florida will add 16K apartments to its inventory this year

South Florida will have approximately 16,000 apartments delivered in 2020, helping rents to even up in markets with added supply, according to Berkadia’s annual report and 2020 forecast. The amount of units is fueled by population growth in the grand majority. 

The number of apartments with scheduled deliveries will be almost double than the 8,871 units completed last year, marking the most significant amount of annual deliveries so far this cycle.

In total, developers are awaited to deliver approximately 280,000 units across the United States, similar to last year, and maintaining the 260,000-plus annual deliveries pace set and kept since 2016. New developments and permits, which are indications of future supply, are assumed to drop during the year, according to a CBRE outlook report.

Society Las Olas, formerly called Property Markets Group’s X Las Olas, will be the area’s largest completion with 639-units in its first phase. The project is located in Fort Lauderdale. Gio Midtown, in Midtown Miami, will add 447-units to the neighborhood. 

In 2019, rents in South Florida rose 1.4 percent, going to $1,642 a month, according to Berkadia, while occupancy rose to nearly 96 percent, up 60 basis points, year-over-year. Now in 2020, we should see a growth of 2.1 percent in the rent, up to $1,677, Berkadia said.

from BRG International - Feed https://ift.tt/2vbZfgz via Beyond Realty Group

#BRG International - Feed

[brgintl]

Super Bowl 2020: Miami’s ultimate guide for best places to eat, drink, and sightseeing

If you are in Miami, you already noticed the influx of tourists coming in, and all the energy surrounding the city due to the Super Bowl LIV happening this Sunday. After all, it’s been 10 years since the city hosted this enormous event – but before the game starts and Patrick Mahomes, with Kansas City Chiefs, takes Jimmy Garoppolo, and the San Francisco 49ers, there is a lot for you to do. For this reason, we created your Ultimate Miami Guide, because there is much more than just beaches in our Magic City. Ready to dive in?

The Cuban Experience

Nothing else screams more “Miami” than Cuban coffee and croquetas. If this is your first time in the city, you can’t miss the opportunity to try a Colada, the strongest of the Cuban coffees, served in a small plastic shot cup. Here is a guide to all the different types of Cuban coffee.

And to complement the coffee, get yourself some croquetas here: 

Islas Canarias (Kendall)

La Carretta (Miami)

Sergio’s Restaurant (Miami)

Publix (local supermarket all over South Florida)

Calle Ocho

Located in Little Havana, Miami’s vibrant Cuban heart, Calle Ocho is the home to Versailles, a historic venue visited by many celebrities and politicians. There, or in almost any other cafe in the neighboorhood, you can order your Cuban coffee in a walk-up window. 

While in the area, don’t forget to visit Ball and Chain for live music and drinks, Azucar for some excellent ice cream/paletas, and watch locals discuss politics over dominoes at Maximo Gomez Park, entitled Domino Park by locals.

Versailles

Ball and chain

Azucar Ice Cream

Union Beer Store, if you’re into a wrestling-themed craft beer market

Domino Park

Wynwood 

Wynwood, South Florida’s art hub, will host the Super Bowl Fan Fest at Wynwood Marketplace. However, if you are not into that, we still have a few recommendations before you move to our next selection, after all, you can’t visit Miami without spending at least a day in the neighborhood of colorful murals, tasty food, bars, and lounges.

Wynwood Walls: murals, and nearby galleries with works of emerging artists from all over the world.

Start at Coyo Taco, because yes to tacos any day, any time, and finish at the famous Salty Donut for a well-deserved treat. 

 Art/Museums/Gardens

Phillip and Patricia Frost Museum of Science: you might have seen the massive aquarium oculus lens that’s become Instagram famous, but there is plenty to do in this first world-class science museum.

Perez Art Museum Miami: The PAMM is a contemporary art museum in downtown Miami, close to American Airlines Arena, home of the Miami Heat. 

Vizcaya Museum & Gardens: This historic 10-acre landmark is covered with European architecture, marvelous gardens, and fountains overlooking Biscayne Bay.

Fairchild Tropical Botanic Garden (South Miami): Enjoy 83 acres of rare tropical plants and garden exhibits. 

Beer and cocktails

Because it’s always happy hour somewhere:

Veza Sur (Wynwood): A Latin craft-beer bar with an outdoor patio and live music.

Funky Buddha (Fort Lauderdale): One of the best breweries in Florida, don’t forget to order some yucca tots to go along with your beer.

Broken Shaker at Freehand Miami (Miami Beach): Located in the backyard of a boutique hostel, this cocktail bar is home to some of the most innovative mixologists. 

Sugar (Brickell): Want to see stunning views of the Miami skyline? So head straight to the 40th floor of the East hotel.

Food halls

Luckily, we’ve been getting a lot more of those here in South Florida. We named just a few: 

1-800-Lucky (Wynwood): A mini-Asian food hall with features that includes a hidden karaoke room and an outdoor area for live music and drinks. 

Time Out Market Miami (Miami Beach): Twenty-one different food or drink options at your disposal, let’s leave it like this. 

Politan Row Miami (Miami Design District): Previously known as St. Roch Market, this is another gourmet, chef-driven food hall where you can enjoy an eclectic mix of food options varying from Peruvian, and Vietnamese, to Southern Comfort.

Luna Park (Brickell): Formerly known as La Centrale, this Italian food hall located inside Brickell City Centre hosts 14 different eateries, five bars, a cooking school, a wine shop, and a coffee shop over three floors.

Casa Tua Cucina (Brickell): This is the other Italian food hall inside of Brickell City Centre. Ten different stations are ranging anywhere from pasta to pizza, meat and cheeses, seafood, and steak. 

Pizza

Mister 01 Extraordinary Pizza (Brickell, Wynwood, Miami Beach): Definitely try the Star Luca (the star-shaped, ricotta-filled pizza) or Claudio, another specialty pizza loaded with burrata stracciatella cheese and white truffle oil.

Harry’s Pizzeria (Design District, Coconut Grove): Crispy Polenta Fries and classic cheese pizza, you can’t go wrong.

Ironside (Little River): Bring your wine and enjoy cured meats and cheese boards before asking from one of four pies options: Fresca, Funghi, Capricciosa, Quattro Stagioni.

Crust (Miami River): Try the Fried Calamari or the Grilled Octopus before you build your Custom Pizza.

Pasta

Macchialina (Miami Beach): One of the best pasta restaurants in Miami. 

Jaguar Sun (Brickell): You can try the Parker House Rolls and the Bucatini here.

Boia De (Miami): Mus tries: Tortellini in Brodo or the Ricotta Gnocchi.

Burgers

Ariete (Coconut Grove): The Chur Burger with two patties and the Ariete sauce for the win.

Lokal (Coconut Grove): One option here would be the Miami Heat Burger with spicy mayonnaise, sliced jack cheese, grilled onion, and yummy!

Kush (Wynwood): Get the Frita Burger, with melted wannabe Gruyere, guava jelly, potato six, and crispy bacon.

Casinos

While sports gambling is still not legal in Florida, there are a few places you can go for some poker or slot-machine action:

Seminole Hard Rock Hotel & Casino (Hollywood): You might have noticed a huge guitar-shaped building when flying over Miami. That’s the new Guitar Hotel located inside Seminole Hard Rock Hotel & Casino in Hollywood. Besides the casino and its incredible light show every night, there are also bars, lounges, pools, and cabanas if you’re not into the casino.

Gulfstream Park (Hallandale Beach): Live purebred racing Wednesday through Sunday, along with the slots and live poker games.

Concerts

SHAQ’s larger then life Big Game Weekend festival feat: Pitbull, Diddy, Tiesto, DaBaby, Diplo and more.

Jan 31 • 9:00PM Mana Convention Center

Bud Light Super Bowl Music Fest: Guns N’ Roses

Jan 31 • 8:00PM American Airlines Arena – FL – Miami, FL

Planet Pepsi® Zero Sugar With Harry Styles

Jan 31 • 8:30 PM Meridian, Miami, FL

AT&T TV Super Saturday Night with Lady Gaga

Feb 01 • 8:30 PM Meridian, Miami, FL

Bud Light Super Bowl Music Fest: Maroon 5

Feb 01 • 8:00PM American Airlines Arena – FL – Miami, FL

Kanye West – Sunday Service

Feb 02 • 11:00 AM Bayfront Park Amphitheater, Miami, FL

Miscellaneous

Super Bowl Experience (Convention Center in Miami Beach): The Super Bowl Experience will offer up free autograph sessions with NFL players, interactive games, youth football clinics, a 40-yard dash and vertical jump against NFL players on LED screens, a Super Bowl rings to display and photos with the Vince Lombardi Trophy.

Super Bowl Live (Bayfront Park Miami): This week-long fan fest features a Huddle Down Community Stage, Road to the 11th, Tailgate Town featuring a culinary stage, water shows, an environmental village, evening parades, fireworks, and more.

Real Estate

Since you are in town and felt in love with our city, it’s time for us to show you some of the best properties on the market. Contact us today, we are ready to help you.

from BRG International - Feed https://ift.tt/2ubOcUz via Beyond Realty Group

#BRG International - Feed

[brgintl]

20 New Buildings in 2020: Here is a List of Projects Rising Vertically this Year

This year we should see more construction cranes all over Miami, building the city’s next generation of high-rises. Here is a list of new towers scheduled to start construction, all projects listed are in the areas of downtown Miami/Brickell.

2000 Biscayne (36 stories, 408 feet, 396-unit apartment) Groundbreaking expected in the first half of 2020.

830 Brickell (50 stories, 734 feet) Foundation work started in 2018, and a $300 million construction loan has been acquired. The project is set to become the second tallest office tower in Miami.

AC Hotel By Marriott and Element By Westin Hotel Brickell (24 stories, 263 feet) Foundation work started in October, and a tower crane was recently installed.

Aston Martin Residences (69 stories, 816 feet) Vertical construction has begun. The project is many stories up with two tower cranes installed.

Block 45 (36 stories) Developers assured a dynamic construction schedule.

CitizenM Brickell (21 stories, 277 feet, 252-keys hotel, with no parking garage) A tower crane was recently installed, and vertical construction is underway.

Downtown 5th (Twin 50 story towers, 495 feet, 1,042 apartments) Foundation work just started. The project is marked to become CBD’s most significant project by unit count.

Grand Station (31 stories, 322 feet, 300-unit apartment) Vertical construction already started.

Legacy Miami Worldcenter (50 stories) Mid-2020 groundbreaking is scheduled, said developers.

Luma Miami Worldcenter (49 stories, 494 feet) Vertical construction started after a foundation poured in August 2019.

Missoni Baia (57 stories, around 649 feet above sea level) Vertical construction started. Tower cranes and construction financing is in place.

Modera Biscayne Bay (28 stories, 323 feet) This building is already under construction and will continue development in 2020.

Natiivo (51 Stories, 588 feet, 604-unit project) Developers plan to break ground in early 2020.

Okan Tower (70 stories, 902 feet) Permitting is moving, with groundbreaking expected in the first three months of 2020.

Smart Brickell (three towers) Two towers are expected to be rising in 2020, with a third planned.

Society Biscayne (49 stories, 573 feet, 646 apartments) Tower cranes were installed. Groundbreaking planned for June 2019.

Una Residences (46 stories, 613 feet) Preparatory site work started on the project. (Featured Image/Rendering)

Virgin Hotel Brickell (40 stories) Groundbreaking is expected for this year, with the conclusion in 2023.

Yotelpad (31 stories, 341 feet, 453-unit project) Vertical construction already started.

Others Other projects could be rising in 2020, including Nexus Riverside and 17th Street Tower. Outside of this area, several other buildings are going vertical, including Link at Douglas and Grove Central.

from BRG International - Feed https://ift.tt/39ABsGW via Beyond Realty Group

#BRG International - Feed

[brgintl]

Why Miami is the Best City to Invest in 2020

If you’re looking for a city to invest in real estate in 2020, look no further, Miami is your best choice. At least, according to Vladislav Doronin, the owner and CEO of luxury hotel brand Aman Resorts and chairman of real-estate development firm OKO Group.

While New York could be considered “the center of the Western world,” Miami “recently become a global city,” Doronin shared with the press. “In recent years, Miami has become a global hub, with one of the US’s biggest airports enabling easy access to North America, Latin America, Europe, and the rest of the world,” Doronin said. “It is the fastest-growing city in North America.”

The Magic City also had the fastest-growing job market among main US cities between 2012 and 2017; the population increased by 12% in the same time period, a CityLab study discovered.

Another win for the city is the federal tax reform passed in 2017, and Florida’s lack of income tax, making Miami more attractive to individuals and companies, Doronin told.

“On top of the market conditions, Miami offers a great quality of life to residents with the great weather, and active outdoor lifestyle,” Doronin stated. “It is attractive to business owners, CEOs, and those working in a high-stress job, as it enables them to de-stress and recharge after working hours.”

In Miami, Doronin recently announced he’s opening an Aman, with a luxury hotel and private branded apartments expected to open in 2023. He also has ongoing projects such as Una, a 47-story waterfront condominium in Miami’s Brickell neighborhood, and Missoni Baia, a 57-story luxury tower in East Edgewater.

And although Miami is his first choice, Doronin will keep investing in New York. He’s inaugurating Aman New York in 2020, the first urban Aman location in the US.

The real estate market in New York City will perpetually have “globally-recognized value and will continue to attract international investment,” especially in the luxury division, Doronin stated.

“That said, the market conditions for developing New York – very high construction costs, expensive insurance, and significantly higher taxes – make Miami a much more attractive city to invest in currently,” he concluded.

Vladislav Doronin at Aman Tokyo.

from BRG International - Feed https://ift.tt/2Mxg7nZ via Beyond Realty Group

#BRG International - Feed

[brgintl]

Now is the Time to Investment in Miami Real Estate

Don Peebles, a South Florida-based developer with projects across the country, recently said this is the best time to purchase real estate in Miami. Prices are not likely to decrease more, he commented during an interview.

Besides the low prices, Peebles said, the recent federal tax law changes are still being worked out.

In 2017, President Donald Trump signed legislation that would increase federal taxes in states that had an income tax. This made it extremely beneficial to live in states such as Florida because it has no state income tax. Trump is in the process of relocating is primary residence from New York to Florida.

Peebles said Miami has a surplus of multi-family residences, and developers have gone above and beyond in the city, because of the increasing competition in a short time, he explained.

Another two benefits Miami has for developers? The atmosphere is business-friendly, and it’s got fantastic weather.

from BRG International - Feed https://ift.tt/2PJS3Ag via Beyond Realty Group

#BRG International - Feed

[brgintl]

Art by God Owner Developing Environmentally-Friendly Hotel In Wynwood

Wynwood residents will soon see a new eco-friendly hotel at the Art by God store site. 

Lucky Shepheard, a Miami commercial real estate company, co-founded by Naveen Trehan and Christine Menedis, is in the process of building Shepherd Eco Wynwood along 27th Street. The project contractor is Hoar Program Management. 

It will join many other hotels in the process of being developed. 

Touzet Studio is developing a 150-key hotel with Gensler coming up with the interior. Along with the hotel rooms, Shepherd Eco Wynwood will create approximately 45 residential units. It will include an art gallery, spa, and wellness center, treehouse on an outdoor amenity deck, speakeasy, rooftop pool and bar, and Shepherd Farms, a farm-to-table restaurant. 

Construction is slated to start during summer 2020 after the site has been closed on in the second quarter. The hotel is set to open in late 2022, marking it the first hotel for Shepherd Eco. 

The property will have a garden paseo that will run along the 26th and 27th streets, a sloped lawn for outdoor concerts and movies, and art walls. Candance has been hired to design the landscape.  

According to property records, Gene Harris, the owner of the gift shop Art by God, is the owner of the Wynwood site. 

A planned Moxy by Marriot hotel is slated for the Wynwood area as well. DolphinBay Hospitality, in conjunction with Dolphin Capital Partners and Baywood Hotels, paid $11 million for a 17,500-square foot site along 25th street. 

Domio and Sonder, who are short-term rental operators, have obtained leases for possible hotels or residential units in Wynwood. 

from BRG International - Feed https://ift.tt/2MixHf4 via Beyond Realty Group

#BRG International - Feed

[brgintl]

New Pictures Reveal What Alton Road Park Will Look Like

Crescent Heights has provided new pictures of the retail building and public park they are developing along Alton Road, which is to become part of Miami Beach’s tallest tower. 

The developer submitted an application to obtain a construction permit on November 26. Based on city records, Crescent Heights is working in conjunction with Terra Group.

Crescent Heights was granted permission in the building of a tall tower so long as the company would create the park. This park will be three acres, have a dog park, a tot lot and green space. A raised pedestrian bridge will connect the beach walk to the baywalk.

Mayor Dan Gelber told residents earlier in 2019 that the projected date for park completion is 2021. 

According to the Crescent Heights’ website, it’s going to be 15,000 square feet of commercial space with a 410-residential unit high rise. The preliminary name of this tower is Park on Fifth, and it’s slated to become Miami Beach’s tallest building.

The developer submitted plans and applications to the Federal Aviation Administration to build a high rise at 553-feet above ground.

from BRG International - Feed https://ift.tt/2YL5HpD via Beyond Realty Group

#BRG International - Feed

[brgintl]

Simkins Proposes Building Mixed-Use Village in Overtown Culture & Entertainment District

The developer Michael Simkins is proposing a redevelopment of Overtown following a master plan included in a deal with Southeast Overtown/Park West Community Redevelopment Agency.

Next week the CRA board will vote on concluding the deal. Three bidders presented proposals for the property, with the Simkins design ranking top by a selection committee.

A mixed-use community will be created inside Overtown Culture & Entertainment District. Simkins’ Overtown Associates, LLC, will purchase 14 parcels with the requirement that they will be finished in accordance with the master plan approved by the CRA.

In the trade, his company will give the title to 4 parcels and perform a cash payment. The CRA meeting is scheduled for December 16.

from BRG International - Feed https://ift.tt/38vzarY via Beyond Realty Group

#BRG International - Feed

[brgintl]

Diesel: Another Fashion Brand is Putting on a Construction Helmet

What if you could “live” in one of your favorite brands? From Fendi to Armani or Porsche, and now Diesel, the luxury branded condo trend has hit Miami in a big way.

Diesel, owned by the OTB Group, just released on the market a total of 143 t-shirts at prices ranging from $1,5 million to $5,5 million, one of the most expensive piece of clothing in history. These t-shirts “will come” with an apartment.

The t-shirt design issued just in time for Miami Art Week and Art Basel, correspond to one of the 143 apartments in the Diesel Wynwood residential building. Each shirt carries a print of the floor plan, with all technical details, and the apartment number correspondent in the complex.

The building was developed under Diesel guidelines, together with the international studio Zyschovich Architects and the Bel-Invest Group. This is the largest and most ambitious project from Diesel Living – the brand’s interior design arm. The company designed a residential complex that fuses the artistic and post-industrial landscape that characterizes Miami’s Wynwood district.

The property is clad in black brick with wood paneling and large windows and is certified as a WELL certified building. It features seven duplex houses, as well as a comprehensive list of amenities, including a pool, gym, meditation room, meeting space, and a large lobby, all under Diesel’s creative vision. It would have 129,000 square feet of residential space and 22,000 square feet of commercial space.

Bel-Invest intends to break ground on the project in April 2020. It’s currently accepting reservations for $10,000. Units will range from 395 to 3,021 square feet.

from BRG International - Feed https://ift.tt/2so574Y via Beyond Realty Group

#BRG International - Feed

[brgintl]

Bal Harbour Shops Starts its Expansion, 250,000 Square Feet of Retail will be Added

The expansion of Bal Harbour Shops started last week, at the end of the project a new wing will be added to the famous mall, Whitman Family Development CEO Matthew Whitman Lazenby told the press. The shopping mall will have about 700,000 square feet of space in total, in comparison to the current 450,000 square feet. 

Whitman was granted a $550 million construction loan over the summer to support the expansion, in what brokers said was one of the biggest mortgages ever declared in Miami.

Bal Harbour Shops registered its highest sales in 2014 at approximately $750 million. Sales decreased since then due to competition and a slow global economy, but they once again resemble their peak, according to the press. 

Besides the new wing, the expansion also includes a grand entrance and a third level.

from BRG International - Feed https://ift.tt/2PpnbDP via Beyond Realty Group

#BRG International - Feed

[brgintl]

Under Construction: Meridian Island Gardens Will Open Super Bowl Weekend With Lady Gaga Concert

Meridian Island Gardens is coming to Watson Island. The new entertainment venue is planned to open on Super Bowl weekend with a Saturday night concert by Lady Gaga, which should be broadcast on AT&T TV.

The venue will feature 65,000 square feet of space over multiple levels. Jack Murphy’s Consortium Entertainment is building the project; he is responsible for producing many annual Super Bowl parties in host cities.

Construction started last month, and permits filed with Miami’s Building Department state it will cost $1.2 million to build. Taxpayers own the land, but it is leased to a Turkish company called Flagstone, which recently won the right to postpone construction of a complex they had promised to build on the site until 2037.

from BRG International - Feed https://ift.tt/38e8hc2 via Beyond Realty Group

#BRG International - Feed

[brgintl]

Art + Real Estate 2019: BRG Opens Miami Art Week Featuring Brazilian Artist Guilherme Calil

Last Wednesday, December 4th, art enthusiasts met at the BRG office, in the heart of Miami Beach, to check out the works of Brazilian artist Guilherme Calil. Since 2015, the annual event Art + Real Estate has brought together community leaders, real estate and design professionals, up-and-coming entrepreneurs, and established business owners in support of BRG’s selected artist.

“When I saw Guilherme’s paintings for the first time, I could only translate into energy. His works are such a whirlwind of energy and excitement and enthusiasm; it’s like a magnet, drawing our attention”, commented Matias Alem, CEO of BRG International.

Calil, that was also present at the event, lavishing talent and creativity, couldn’t explain better when he said: “Art is simply channeled energy. I make art with the utmost hope to create a pause for the viewer to connect with their emotions.” He is known for using colors in imaginative ways.

During the event, BRG International displayed videos of some of the most desired homes available for purchase as well as their portfolio of newly renovated luxury condos, some of which are collaborations with renowned architects and designers recognized worldwide.

Art + Real Estate is an annual event sponsored by BRG through the Art Basel Week; our office is located within walking distance from the Convention Center, where the fair is held.

from BRG International - Feed https://ift.tt/33YeBkk via Beyond Realty Group

#BRG International - Feed

[brgintl]

Martha Stewart to brand real estate developments in the United States, Europe, and Asia

Martha Stewart is eager to leave her mark on the real estate market. During the FAB Summit 2019 in Portugal, which counted with the presence of Matias Alem from BRG Homes, the business mogul announced to be in negotiation with real-estate agency Brand Labs International to explore cities in the United States, Europe, and Asia that could be a good fit for her planned developments. 

Stewart, who has an empire of home goods and entertaining essentials, is said to be extremely engaged in the design of the properties. Properties type could include everything from single-family homes to condos, townhouses, and assisted living communities.

In a press release, Stewart’s team explained that her own homes have “acted as laboratories” for the imminent developments, which is supposed to be equipped with all of her signature charm and comfort. She said she looks forward to building developments that “will fit our needs and offer practicality, usefulness, beauty, and comfort.”

“I love Martha’s concept and style which she has developed from creating her beautiful homes. She is a brand of style and comfort which will connect to the American and international home buyer. I believe her brand will be very valuable for development projects,” said Alem, from BRG.

Picture: Matias Alem, fro BRG, with Martha Stewart during FAB Summit 2019 in Portugal.

Featured Picture: Martha’s Stewart’s Traditional Maine Estate

from BRG International - Feed https://ift.tt/33fFccm via Beyond Realty Group

#BRG International - Feed

[brgintl]

CitizenM Breaks Ground on 351 Room Micro-Hotel at Miami Worldcenter

The CitizenM Miami Worldcenter had the foundation work, and an official groundbreaking ceremony this week. City records show that contractors were granted a phased foundation permit while they expect approval for a full construction permit.

The project will feature 351 micro-sized rooms, with the hotel chain promoting the new property and its “wall-to-wall beds.”

A rooftop bar, called CloudM, will be located on the 10th floor, as well as a pool and sundeck, with an exercise room on level 11.

Gensler is the architect.

from BRG International - Feed https://ift.tt/2s2T5xE via Beyond Realty Group

#BRG International - Feed

[brgintl]

Books and Books Building at Lincoln Road is Proposed to Get a New Hotel

Plans submitted to the city of Miami Beach shows that Lincoln Road could soon gain another hotel, this time at the top of the building where Books and Books are located.

Sam Herzberg, the owner of the Sterling Building, hired Kobi Karp to plan the hotel that will be constructed at the back of the present building that will be partially demolished.

The new seven-story hotel building planned will feature 120 rooms with a commercial space in an existing building that will be converted into another 24 rooms.

The Miami Beach Planning Board will review the proposal on December 17.

from BRG International - Feed https://ift.tt/33bkz17 via Beyond Realty Group

#BRG International - Feed