SmartCity Miami LLC, an investment group led by Miami-based Terra and it’s CEO David Martin is set to acquire the former-Miami Herald headquarters development site for a record $1.225 billion from Genting Group. The investment group has finalized terms for the acquisition of the 15.5-acre site which features 800’ of direct frontage on Biscayne Bay, the closing is set to take place later this year.
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Mandala Proposes BLUR Workshop-Designed Courtyard By Marriott in Downtown Miami
Mandala Holdings has submitted new plans to Miami’s Urban Development Review Board for a 31-story Courtyard By Marriott hotel tower in Downtown Miami’s Omni district at 511 NE 15th Street. The proposal will be reviewed at a meeting by the UDRB on November 20.
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Legacy Asset Development Site On Biscayne Boulevard In An Opportunity Zone Hits The Market In Edgewater
A rare ±3.04-acre development opportunity spanning a full city block at 1700 Biscayne Blvd. in Miami’s prestigious Edgewater area has hit the market. Avison Young’s Florida Capital Markets Group has been exclusively selected to market and sell the property which is uniquely located in an Opportunity Zone.
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NR Investments Successfully Rezones Plot For Carlos Zapata-Designed Tower in Miami's Arts + Entertainment District
NR Investments Successfully has successfully rezoned a plot in Miami's Arts + Entertainment District, which they created and have been developing with neighborhood changing projects like CANVAS and Filling Station Lofts. On October 16, Miami’s Planning, Zoning, and Appeals Board gave the approval for NR Investments to develop a 45-story, 457-unit condominium project designed by Carlos Zapata
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Resorts World Moves 1-Step Closer To Reality, Submits Replat To Redevelop Bus Terminal
Resorts World has moved another step closer to becoming a reality after submitting their proposed replat of Awana Forest to Miami City Planners. The replat includes the county bus terminal with the Adrienne Arsht MetroMover, which Resorts World previously won county approval to redevelop in March of this year (2017).
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Photo via Miami Herald
Resorts World Applies to Renovate The Omni into Office Space & Boulevard Shops Update
Change may finally be coming to the vacant Omni Mall in Edgewater at 500 Biscayne Boulevard as Resorts World Omni, LLC has applied for a construction permit to renovate 24,550 SF into office space. Blufin Construction is the contractor on record for their application. Currently both Resorts World Bimini and Crystal Cruises use 500 Biscayne Boulevard as their headquarter address. Crystal Cruises last year leased 40,000 SF of office space in the Omni Building, adjacent to their Boulevard Shops sales center. Resorts World Bimini and Crystal Cruises are owned by Genting Group, a Malaysian conglomerate that has business interests in leisure, hospitality, plantations, properties, power generation, oil and gas, e-commerce, information technology and biotechnology.
Last year Crystal Cruises began reconstruction of The Boulevard Shops on an adjacent lot at 1401 Biscayne Boulevard. Their plan was unveiled at the 2016 Fort Lauderdale SeaTrade show for the Boulevard Shops project for Crystal Cruises which will include a renovation and expansion of the historic building to offer a cafe and bistro with indoor and outdoor seating, cigar bar and sales center for Crystal Residences. Crystal Residences will be onboard condos featured on 2 of their cruise ships. The renovation of The Boulevard Shops is being designed by architect Richard Heisenbottle.
Construction Has Begun at Omni Park in Downtown Miami
Construction has begun at the 7 acre site in Omni that will soon be the Omni Park. Although temporary, the park will remain for 2 years to provide food and beverage vendors, amphitheater, skate park and art walk amongst the green urban escape. The site is owned by FDOT and will be part of the Signature Bridge Project which is under bidding. What remains of the Omni Park at that point will be reconstructed under and around the Signature Bridge to keep the green space in the area which has been the subject to massive urbanization with Miami WorldCenter construction now in full swing. The OMNI CRA has provided $300,000 in funding for th park and the Perez Art Museum has provided $150,000 while Brad Knoefler is overseeing construction which is scheduled for late February 2017.
Read our original news break on Omni Park from its December Announcement.
Future "Signature Bridge" at Downtown Miami's Omni Neighborhood
Photo via Miami Herald
Temporary Pop-Up Omni Park Proposed
The 7 vacant acres in-between I-395 and the Adrienne Arsht Center have been sitting vacant, desolate and have been used as just event parking for the past several years. In come the Brad Knoefler and team that built Grand Central Park, who has proposed a Omni Park, a "zen parcel" with an art zone, sound stage, food trucks, shipping container retail and a skate park. An entryway garden would be located on Biscayne Boulevard which should help bring pedestrian traffic to the area. Similar projects have been completed with success in Stockholm, Boston and San Juan. The proposal is cost efficient, asking just $300,000 in funding. Activists including the Pérez Art Museum Miami have contributed to the planning of the short-term, temporary project.
