August 2023 | FIP Commercial

Aug 31 No Comments

Developer Proposes Workforce Housing In Miami Beach

Author: Admin

Categories: Uncategorized

The Morris Rendering_1701 Jefferson Ave. Miami Beach_Image Courtesy of Berenblum Busch Architects 1170x435

New York-based 1688 Property Owner LLC filed a municipal pre-application with Miami-Dade County officials for the 0.52-acre site at 1701 Jefferson Ave.

The developer acquired that parking lot, along with the adjoining 88,419-square-foot office building at 1688 Meridian Ave., for $49.5 million in 2021.

Totaling 28,074 square feet in four stories, the project would feature 40 apartments and 24 parking spaces on the ground level underneath the building.

It would be called The Morris, after Miami Beach architect Morris Lapidus, who designed many of the city’s most famous hotels. The project would feature 36 one-bedroom units of about 510 square feet each and four two-bedroom units of about 720 square feet. All of the apartments would be restricted to people making up to 140% of area median income. That means a one-bedroom unit would rent for $2,710 and a two-bedroom unit would rent for $3,251.

Source: SFBJ

Aug 30 No Comments

Oldest Public Building In Miami Beach Gets New Life

Author: Admin

Categories: Commercial News,Miami Beach,Offices,Retail

Miami Beach’s oldest surviving public building, most recently called the Miami Beach Municipal Golf Course Clubhouse, has been restored as the Carl Fisher Clubhouse along with an adjoining annex building as part of the Miami Beach Convention Center complex.

The clubhouse, opened originally in 1916, and the annex, opened in 1937, have been restored as a single entity by R.J. Heisenbottle Architects and now host a restaurant and meeting space.

Under the management of Spectra Venue Management, the 5,000-square-foot clubhouse offers public parking and public transportation accessibility on Washington Avenue. The new Rum Room restaurant and Venu meeting space opened this year in the restored structures.

The clubhouse was constructed in 1916 for flamboyant promoter Carl Fisher, the developer of Miami Beach, and was designed by August Geiger, a prolific Miami architect. Records from the time say “the clubhouse was designed in an eclectic revival style with Spanish and Dutch Colonial elements.”

The City of Miami Beach brought in the Heisenbottle firm in 2016 to restore the clubhouse after years of neglect. In 2018, the city approved clubhouse renovations for more than $3.2 million.

“It’s a great historic building in Miami Beach that can continue to be enjoyed by generations to come thanks to its new use,” Mr. Heisenbottle said in a written release.

That use is Venu, which the Heisenbottle firm describes as “a newly renovated space for elegant private events and upscale meetings” in the clubhouse and the Rum Room, in the annex building, “a 1920s restaurant with an enticing tapas-style menu and local South Florida rums.”

Source: Miami Today

Aug 29 No Comments

Iconic New York Pizzeria To Open Its First Florida Location In Miami Beach

Author: Admin

Categories: Commercial News,Miami Beach,Retail

New York staple Roberta’s, a Michelin Bib Gourmand restaurant from co-founder Brandon Hoy and two-Michelin-starred chef and co-founder Carlo Mirarchi, has been announced as a tenant at its luxury Miami Beach condominium 72 Park. The Miami Beach outpost will be the iconic brand’s first location in Florida.

Established in 2008, Roberta’s started in a modest cinder-block warehouse in Brooklyn. The restaurant quickly became a neighborhood icon, capturing the hearts of foodies across the state with its diverse menu of artisanal plates and seasonal dishes curated with local, international and homegrown ingredients from its rooftop garden. The success prompted the owners to open a handful of locations across New York City. The brand has since expanded globally with a variety of eateries, from full-service restaurants to more casual concepts.

“We are very excited to introduce Roberta’s to the vibrant city of Miami,” said Roberta’s chef and co-founder Carlo Mirarchi. “The energy and diversity of Miami’s food scene resonates deeply with our commitment to providing fun and memorable dining experiences for our guests. With its rich cultural tapestry, Miami provides the perfect canvas and 72 Park the perfect home for Roberta’s first step into the Florida market.”

In addition to the restaurant, the Roberta’s team will also be bringing some of their popular programming.

“We love the neighborhood,” added Roberta’s co-founder Brandon Hoy. “And can’t wait to not only serve this community, but to also add some Brooklyn charm to the city’s culinary landscape.”

Roberta’s will wrap around the northwest corner of 72 Park, a brand-new residential building located at 580 72nd St. The eatery will occupy 3,000 square feet of 72 Park’s approximately 10,000 square feet of prime, ground-floor retail space. The 22-story tower is slated for completion in Summer 2024 and will feature luxury residences ranging from 410 to 2,200 square feet, with prices starting in the $700,000s.

Designed by Built Form, 72 Park is centrally located within a pedestrian-friendly neighborhood where residents and guests can enjoy the best of both worlds: a peaceful, charming beachside community alongside the excitement of Miami Beach with instant access to recreation, restaurants, retail, music, arts and culture.

Aug 25 No Comments

3-Story Food Hall Planned For Aventura

Author: Admin

Categories: Aventura,Commercial News,Development,Retail

Aventura Food Hall Planned For 2777 N.E. 185th St_Image Credit Architectonica 1170x435

An affiliate of Cabi Developers is planning to build a three-story food hall on a vacant site in Aventura.

The developer filed an application with city officials concerning the 1.45-acre site at 2777 N.E. 185th St. The developer acquired the property for $5.77 million in 2007. It’s located behind the Walgreens and Wild Fork Food stores.

The development design for a retail and restaurant establishment with both indoor and outdoor dining space is being modified by Cabi. On the ground floor alone, plans include various restaurants with a combined indoor space of 14,091 square feet, plus extra space on the second and third floors, according to the preliminary site plan by Miami-based Arquitectonica. A drop-off area and a modest parking garage would be present.

The food hall, dubbed L’Isola, will include select restaurants and vendors with a varied selection of international cuisine, as well as a rooftop restaurant and cocktail lounge, according to Miami-based attorney Brian S. Adler, who represents the developer in the application. He stated that there would be 19,200 square feet of internal area, in addition to rooftop and outdoor eating.

Source: SFBJ

Aug 24 No Comments

Construction Permit In Process For 289-Unit Wynwood Urby, Contractor Named

Author: Admin

Categories: Commercial News,Development,Multifamily,Offices,Retail,Wynwood

The Wynwood Urby Apartment and Retail Project Planned At 60 N.E. 27th St., Miami 1170x435

The permit was applied for in May, with the full plans filed on June 27 and now in review.

The hard construction cost is estimated on the permit at $69,800,000. Beauchamp Construction is listed as the contractor.

The project was first reviewed by the Wynwood Design Review Committee in April 2022.

A total demolition permit to clear the site was applied for last July. Then in August, a utilities deal for water and sewer was signed.

Wynwood Urby is planned to include:

289 apartments
8,000 square feet of full service restaurant
9,200 square feet of retail
1,450 square feet of office
193 parking spaces

Urby is a joint venture between David Barry and Brookfield Properties.

Amsterdam’s Concrete is the design architect, with 5G Studio the architect of record.

Source: Next Miami

Aug 22 No Comments

Eco Stone Plans $35M Multifamily Project In Allapattah

Author: Admin

Categories: Allapattah,Commercial News,Development,Multifamily

Eco Landing Rendering_Image Credit-Eco Stone Group 1170x435

Eco Stone Group plans to begin construction this month on its first ground-up development, a $35 million apartment building in Miami’s Allapattah.

An affiliate of Miami-based Eco Stone secured a $23 million construction loan from Popular Bank for Eco Landing at 1515 Northwest 18th Street and 1601 Northwest 18th Street, said company CEO Javier Gomez.

Eco Stone, also led by Gomez’s brother Juan Gomez, is finalizing Eco Landing’s master permit, and expects to break ground soon on the proposed eight-story building with 125 apartments, Gomez said.

Last month, Eco Stone demolished a two-story building on the site with 16 apartments built in 1987, and also tore down a one-story building with 20 apartments completed in 1972. Between 2019 and 2020, the affiliate paid a combined $4.2 million for the two properties.

Founded in 2003, Eco Stone is also targeting Allapattah for its second planned development, Eco Station Tower at 1880 Northwest 36th Street. That project will entail 150 units primarily for low-income tenants, Gomez said.

Source: The Real Deal

Aug 21 No Comments

Total Demolition Permit Submitted For 2000 Wynwood

Author: Admin

Categories: Commercial News,Development,Multifamily,Retail,Wynwood

A total demolition permit has been submitted for the 2000 Wynwood site, where an apartment building is planned.

The demolition permit was applied for on July 20, with the full plans filed August 9 and now under review.

The estimated cost listed on the permit is $13,000.

A new construction permit to build a multifamily rental building was submitted in December 2022 and is still in process.

In February, the developer signed a deal for water and sewer utilities for 310 apartments, 1,000 square feet of full service restaurant, and 8,300 square feet of retail.

In June, the project had hearings before the Wynwood Design Review Committee and the Urban Development Review Board.

Both boards voted to recommend approval with conditions.

The 12-story project is proposed to include:

310 residential units
9,416 square feet of retail
308 parking spaces

Source: The Next Miami

Aug 15 No Comments

Ritz Carlton Owner Proposes 15-Story Tower, Lincoln Road Rebuild

Author: Admin

Categories: Commercial News,Development,Miami Beach

The owners of the Ritz Carlton South Beach have submitted plans to build a new residential tower while rebuilding a portion of Lincoln Road.

The project is proposed to include:

The rebuilding of Lincoln Road in front of the Ritz Carlton
A new 15-story, 212-foot tower with 30 residential units

The Ritz Carlton is also planned to get a single-story rooftop addition to its cabana building, a redesigned pool deck, rear yard and restaurant area, and a new entry canopy on Lincoln Road.

At the Sagamore building (part of the Ritz Carlton property), improvements will include the restoration of the façade, modifications to the lobby, and a new outdoor seating area and corridor.

The hotel room count on the property is currently at 477, but will be reduced by 43 rooms after the renovation.

The Lincoln Road rebuild will include:

Pedestrian and vehicular access changes to both sides of Lincoln Road to maximize the pedestrian experience and safety while retaining full vehicular access
The installation of a new gateway element at the street end
Improvements to the beach access walk, including the widening of the walkway to improve visibility
The introduction of new open space and landscaping on the Beach Walk.

The public-private development agreement would need approval from the Miami Beach Commission. The developer would assume maintenance of Lincoln Road, beach access, and the Beach Walk in front of the hotel, which currently are the City’s obligations.

Kobi Karp is the architect of record for the new tower and renovations.

Naturalficial is overseeing landscape design, including the Lincoln Road rebuild.

The Historic Preservation Board is set to review the proposal on September 12.

Source: The Next Miami

Aug 09 No Comments

Tricera Capital And LNDMRK Development Secure Several Exciting Tenants At Society Wynwood

Author: Admin

Categories: Commercial News,Retail,Wynwood

Society Wynwood_Image Courtesy of Boardroom PR 1170x435

Tricera Capital, the Miami-based commercial real estate firm led by Ben Mandell, and LNDMRK Development completed several leases totaling almost 14,000 square feet at major mixed-use development Society Wynwood.

Newly signed tenants include Starbucks, Chama De Fogo Brazilian Steakhouse and Nacho Daddy.

Starbucks will occupy 2,615 square feet of retail space at Society Wynwood. The Seattle-based coffee giant has a strong presence throughout South Florida, including at Tricera’s Shops at the Press in West Palm Beach.

Chama De Fogo leased 5,522 square feet at Society Wynwood for its second Miami location. The Brazilian steakhouse concept has become extremely popular over the years, and Chama De Fogo prides itself on its authentic gaucho barbecue and high-quality meats. The Society Wynwood location will feature a casual dining restaurant, butcher shop and delicatessen.

The Las Vegas-born Nacho Daddy opened its first store in 2010. Today, the modern Mexican-style restaurant has grown tremendously with six locations nationwide serving gourmet nachos and more. The 5,434-square-foot lease in Society Wynwood will be the restaurant’s seventh and the only one in Florida.

“We are excited to be part of the continued growth of Wynwood and bring compelling tenants such as Starbucks, Chama De Fogo and Nacho Daddy to this project,” said Tricera President | Head of Leasing Dustin Ballard. “Society Wynwood will add to the elevated ecosystem of restaurants, retail and living experiences the eclectic art district offers its residents and guests.”

Irma Figueroa, Andrew Rosenberg and Max Gelband with Comras Company are Tricera and LNDMRK’s leasing representatives at Society Wynwood.

Elizabeth Higgins, Marty Arrivo and Aracibo Quintana of Acre represented Starbucks in its lease. Elizabeth Hazan of Byblos Hospitality Holdings was a consultant for Chama De Fogo. Jenny Geffen and Dave Preston with Colliers represented Nacho Daddy.

In partnership with Society Wynwood developers PMG and Greybrook Realty Partners, Tricera and LNDMRK are forward-purchasing over 32,000 square feet of ground floor retail at the project. The 2431 NW Second Ave. development is conveniently located in the center of the Wynwood Art District, within walking distance of many new developments and retail shops. Along with the ground-floor retail, Society Wynwood has almost 300 modern residential units and a private parking garage, making it the area’s premier new development.

Aug 07 No Comments

Wynwood Used To Look Like That? See Early Photos Of What Became A Hip Miami Hangout

Author: Admin

Categories: Commercial News,Development,Wynwood

What was Wynwood like before the Walls? Before the art galleries and cafes? Before Midtown? Before the weekend crowds?

Wynwood was a working-class neighborhood, dotted with warehouses and other industrial businesses. The Wynwood neighborhood is now a local arts draw and one of Miami’s hippest neighborhoods. In the 1950s, Wynwood — originally spelled Wyndwood — was home to several factories including Coca-Cola and Garrett Construction. Jobs were plentiful. The area was also once known as the “golden gate” for Hispanic immigrants.

Then in the 1960s Interstate 95 came through, an addition often associated with the slow pattern of deterioration in the community. It was followed by a middle-class exodus. Through the 1970s, Wynwood’s garment district thrived as one of Miami’s most popular tourist attractions, drawing thousands of shoppers — many from South America. But problems with Latin economies, burgeoning crime and riots of the 1980s took a toll on business.

In the past decade, as the Design District to the north became more expensive, Wynwood’s lower rents and ample warehouses started attracting the art crowd and developers. Through the Miami Herald archives, here is a look at Wynwood in the 1980s into the early 2000s, before much of the neighborhood changed into what you see today.

CLICK HERE FOR MORE PHOTOS

Source: Miami Herald

Blog

Month: <span>August 2023</span>

Developer Proposes Workforce Housing In Miami Beach

Oldest Public Building In Miami Beach Gets New Life

Iconic New York Pizzeria To Open Its First Florida Location In Miami Beach

3-Story Food Hall Planned For Aventura

Construction Permit In Process For 289-Unit Wynwood Urby, Contractor Named

Eco Stone Plans $35M Multifamily Project In Allapattah

Total Demolition Permit Submitted For 2000 Wynwood

Ritz Carlton Owner Proposes 15-Story Tower, Lincoln Road Rebuild

Tricera Capital And LNDMRK Development Secure Several Exciting Tenants At Society Wynwood

Wynwood Used To Look Like That? See Early Photos Of What Became A Hip Miami Hangout

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