The Houston-based development firm Hines has acquired a mixed-use development site in Fort Lauderdale’s Flagler Village neighborhood for $57.41 million. The properties acquired make up the proposed FAT Village project which were assembled by Urban Street Development.
Read MoreThe Mixed-Use Block H Is Now Rising At Miami Worldcenter Bringing Retail & Restaurants To Downtown Miami
Construction is moving swiftly on Miami Worldcenter’s Block H, which now can be seen rising out of the ground adjacent to the also rising 43-story Luma residential tower and now under construction CitizenM Hotel. Block H will serve as one of the center pieces of the mega-project reinvigorating Downtown Miami.
Read MoreMiami Worldcenter Unveils Construction Timeline for the Mixed-Use Development
Miami Worldcenter is currently the second largest urban developments underway in the United States and occupies 27 acres in the heart of downtown Miami. The ten-block project is expected to account for $2 billion in new investment in downtown Miami and will include world-class retail, hospitality, commercial and residential uses.
Read MoreFuturistic Office Tower Coming to Miami Worldcenter Ready to Break Ground
Hines is bringing a new, futuristic office tower to Miami Worldcenter and the project is just about ready to break ground. The tower will rise 45-stories with a futuristic "diagrid" design and is designed by Pickard Chilton Associates, a architectural firm based in Connecticut. It will feature 600,000 SF of Class A Office Space with high-street retail on the ground floor as part of the larger Miami Worldcenter high-street retail initiative. Hines was attracted to the project based on Miami's strengthening workforce and office market as well as the massive amounts of public transportation coming to the area including the Brightline and MiamiCentral. Groundbreaking is expected for Q2 2018 with completion in late 2020.