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Retail-driven developments aim to revitalize South Miami

Investors and developers have been quietly flocking to South Miami with a retail-driven mindset.

The upscale city bordering Coral Gables has drawn interest from both national and local players as they look to affluent South Florida suburbs for investment opportunities.
Last fall, Federal Realty Investment Trust and its two local partners, Grass River Property and the Comras Company, announced they bought the majority interest in the Shops at Sunset Place for $110 million. The goal is to revamp the aging outdoor mall, which serves as an anchor for downtown South Miami. New tenants so far include outdoor furniture store Frontgate.

In the meantime, a number of smaller projects along South Dixie Highway are banking on South Miami’s potential.

Read the complete article in The Real Deal South Florida

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3 things to keep in mind when looking for office Space

Choosing the right office space for your company isn’t something that you do every day, and you’re bound to be thankful for that. However , the process of finding the perfect place and negotiating a lease doesn’t necessarily have to be complicated and lengthy, if you take into consideration these three advises:

Think ahead in the future

That office space is perfect for your needs right now. But will it be in a year? How about in 5? It’s important to consider your potential future needs as well as your current ones when you’re considering your options. Look for a place that gives you some room for additional employees to future. Proof your space for growth and even think about what opportunities the space or building provides for adding amenities. Also, take your technological needs into consideration. How easy will it be to upgrade your systems or adopt new technologies in that prospective space?

Think about your team

The wrong layout inside of your office space can lead to unhappy employees and a loss of productivity and efficiency. Consult your management team or all of your employees if you’re a smaller company. Solicit feedback regarding what type of layout they’d like to see in your new space and why it would be beneficial to accomplishing your organizational goals. Then, use the input as a guide when you’re comparing available office spaces.

Take the context into account

You may also want to consider what facilities are available outside your office building, you can’t be sure that you’ve found the perfect site. In a perfect world, every office space would come with a parking area that is the ideal ratio for its size, but that’s often not the case. You don’t want your team to arrive on the first day and find out there is absolutely no room in the lot to fit their cars. If you’re sharing a building with other companies, specifically ask what the available parking spaces are and estimate how many of your employees commute to work by car before you settle on a space.

Source: REOptimizer

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