MANA Common, led by CEO and visionary entrepreneur Moishe Mana, has announced that it will partner with the global innovation platform, Plug and Play, to establish a presence within Downtown Miami’s Flagler District. Plug and Play, based in Silicon Valley, is the world’s largest global innovation platform and investor.
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Moishe Mana's Pedestrian Friendly Vision For Redeveloping Flagler Street Unveiled
Construction has been stopped on Downtown Miami's redevelopment of Flagler Street, a project which has seen over 7 years of planning, to discuss pivoting to a new plan proposed by Moishe Mana. Mana, one of Downtown Miami's major land holders, has proposed a new for the the transformation of Flagler Street.
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Todd Michael Glaser Proposes Micro-Rental Apartments on West Flagler Street in Downtown
In a joint venture between developers Todd Michael Glaser and the Posner Group, the corner of West Flagler Street and NW 8th Ave is in for a shake-up as Downtown Miami continues to be a hotspot for development. The proposed project will be a 20-story mixed-use project that will feature 100 micro-rental units that vary in size between 360 SF and 500 SF. Ground level will feature commercial space followed by parking and an amenity deck. The building will be designed by DOMO Architecture + Design and is currently under the approval process. Construction is expected to be around 18 months once the project is fully approved.
The Historic Dade-Commonwealth Building to Become Hotel
Spain's OD Hotels will open their first Miami location with 169 rooms in the historic Dade-Commonwealth Building in Downtown Miami. The building is located at 139 N.E. 1st Street and was originally built in 1925. Under supervision of Architect Richard Heisenbottle, the building will have 10 floors added to the existing 7-story structure during the hotel conversion. This restoration will actually return the structure to its original size before it was damage by a hurricane in 1926. Dream Downtown Miami, LLC., a joint venture between a sister fund of the Paris-based Beekman REIM and Immocorp Capital, will lead the redevelopment effort. The parties originally purchased the property for $9.2 million in November 2015 and they planned to leave the property as-is for 2 years as they begin to develop the project. The hotel will be in close proximity to Downtown's Flager Street redesign efforts, Paramount World Center Miami and Brickell City Centre.