Miami Worldcenter has announced the completion of Block H, adding to the retail and parking components at the 27-acre project as active vertical development continues on the $4 billion mixed-use development in the heart of Downtown Miami. Block H is composed of 50,000 square feet of prime street-level and rooftop retail space.
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Tech-Enabled Business Travel Firm 'Mint House' Expands To Downtown Miami
At a time when major operators business travel short-term lease extended stay operators such as Lyric and Stay Alfred are shuttering, Mint House, a tech-enabled hotel company for high-end business travelers, is continuing to rapidly expand despite the COVID-19 pandemic.
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Stantec Completes Interior Design For Muze at Met In Downtown Miami
Global design and engineering firm Stantec has completed the interior design of the new 43-story residential tower, Muze at Met in downtown Miami. Developed by ZOM Living and managed by ZRS Management, the 391-unit luxury high-rise is part of the Metropolitan Miami mixed-use complex located at 340 SE 3rd Street.
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Luma At Miami Worldcenter Locks Down $143 Million Construction Loan, Groundbreaking Imminent
Luma at Miami Worldcenter has locked down a $143 million construction loan as the developers gear up to break ground on the 43-story tower. The loan was provided by Moinian Capital Partners with a 60% equity piece valued at $23.7 million.
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Check Out ZOM's Newly Opened Stantec-Designed Solitair In Brickell
ZOM Living's new Stantec-designed Solitair is now open in Brickell after breaking ground in 2015. Solitair is located directly across the street from Brickell City Centre at 86 SW 8th Street. The 50-story tower, which broke ground in 2015, features a design inspired by the Medjool date palm tree.
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New Renderings Revealed of Miami Worldcenter
New renderings have been revealed of Miami Worldcenter where the site maps now show a 24-story, 250-key hotel on the 7th Street Promenade. The hotel would be one block from the 1,700-key Marriott Marquis Hotel & Convention Center, which is also coming to Miami Worldcenter.
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Miami 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.
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ZOM Florida and Invesco Real Estate Break Ground on Maizon at Brickell
ZOM Florida and Invesco Real Estate has broken ground on Maizon at Brickell after receiving a $52 million construction loan. Maizon at Brickell will be a Class A luxury high-rise which will feature 262 units. The project is walking distance fromMary Brickell Village, Brickell City Centre, Miami Avenue and Brickell Avenue.
“We are excited to partner with Invesco Real Estate on our first ever development venture together. Our project site has excellent pedestrian access to the numerous retail, entertainment, and employment locations available in Brickell, and is also convenient to downtown Miami via the multi-modal public transportation nearby. Maizon will bring a new level of quality, unit features and amenities to the burgeoning West Brickell neighborhood,” said Kyle Clayton, ZOM Florida’s Development Vice President.
“We are very enthusiastic about the future of the Brickell neighborhood and the Miami market as a whole. Invesco Real Estate looks forward to working with ZOM to deliver a high quality product that will be distinctive in the market. We’re hopeful that the new relationship with ZOM will bring opportunities for future high quality investments benefiting our institutional clients,” said Evan Roth, Acquisitions Director at Invesco Real Estate.
The project will include an 8-story mid-rise and a 19-story high-rise connected at the parking structure. Units are expected to be delivered in Q1 of 2019. The developers originally purchased the property for $16 million. Maizon at Brickell will be designed by MSA Architects, Inc. and Moss is the general contractor on record.
City Commission to Vote on Coral Gables City Center by End of Month
The Allen Morris Company and Related Group have teamed up again as they are set to propose their own bid on a new mixed-use project in the fast-growing downtown area of Coral Gables. The City of Coral Gables has tagged the 2 acre zone between 245 and 345 Andalusia Ave. as ready for development, and weighed 5 proposals from the areas' top developers before cutting the list down to two. Later this month, the city Commission will vote between The Allen Morris Company & Related Group's proposal against that of Terranova and Zom.
The Allen Morris Company/ Related Group proposal for Coral Gables City Center will be a $250 million, twin tower development that will bring more residential units, office space and retail to downtown Coral Gables. Spread out over 2 towers towers, the development is expected to feature over 270 residential units, 140,000 SF of office space, 28,749 SF of ground-floor retail and 1,560 parking spaces. The residential tower will be 17 floors while the office tower will be 16 floors. The proposal also includes the building of a public park on the site. The building will be designed by Zyscovich and will reflect the historical charm that makes Coral Gables such a clean, beautiful city.
Photo via South Florida Business Journal
The Terranova & Zom proposal includes expanding the footprint of the potential development site to include land that Terranova already owns at 220 Miracle Mile. The proposal includes twin, 16-story towers on Terranova's land in addition to 21,260 SF of commercial space expanding the existing garages. The towers would feature 335 residential units, 51,485 SF of retail space and 923 parking spaces.