Real Madrid will open their first Real Madrid Café in the United States in Met Square. The restaurant will cover 12,000 SF over two stories, a 4,000 SF ground level and an 8,000 SF second level. It will feature a restaurant, bar, Real Madrid merchandise store and a VIP lounge. Real Madrid Café is expected to open in early 2018. Met Square is the final phase of Metropolitan Miami which includes the residential towers Met 1, Met3 and Avant, along with the Wells Fargo Center known as Met 2, JW Marriott Marquis Miami and Hotel Beaux Arts Miami. Met Square will also feature Silverspot Cinema.
Skyrise Releases New Renderings, Nears Completion of Wind-Tunnel Tests
Skyrise has completed their wind-tunnel testing and have released new renderings of the project as they near the potential groundbreaking. The new renderings show greater detail of the proposed attractions including bungee jumping and a stunning observation deck. The entertainment and observation tower is being designed by Arquitectonica and under development by Berkowitz Development Group.
More New Renderings Released of Aston Martin Residences, Sales Center to Open Tonight (6/22/17)
New renderings of Aston Martin Residences have been released just as they prepare to open their brand new, luxurious, three-level gallery style Sales Center. The Sales Center will showcase the signature Aston Martin elements and materials that will be incorporated into the design of the building, along with a $2.5 million limited edition Aston Martin Vulcan, one of only 24 in the world will be on permanent display at the sales center’s entrance. The tower's interiors will feature lighting and handmade detail based on the car in addition to hand-adorned residence door numbers from the same jewelers that place the logo on the hood of Aston Martin cars. The building will features floor-to-ceiling glass with no visible concrete, including glass encased support beams. Units start at $500,000 and range up to $7,000,000 for the "River and Panoramic Residences" part of the building and $14,000,000 to $35,000,000 for the "Penthouses." The ultimate unit will be a triplex penthouse that comes complete with a private pool, helipad and Aston Martin Vulcan.
CentralFare Food Hall at MiamiCentral Expected To Open Fall 2017
CentralFare, the food hall and gourmet market at MiamiCentral, is expected to open in Fall 2017. The project includes over 50,000 SF of restaurant space featuring over 20 vendors including Monger by the Voltaggio Brothers, which will be CentralFare’s signature sit-down restaurant, 800 Degrees Italian concept, Miami Smokers, Parliament Coffee, Romanico’s Chocolate and Rosetta Bakery. CentralFare will also bring in big-name chef's from both a local and national level as they aim to create a new culinary experience in Downtown Miami. MiamiCentral is an 11-acre mixed-use, live, work, play style develompment that will also feature All Aboard Florida express trains connecting Miami to Orlando.
Check-out our December coverage of new tenant announcements for CentralFare and MiamiCentral.
New Information Released on 110 Tenth, Worldcenter's Pickard Chilton Designed Office Tower
Miami Worldcenter recently announced that a new, 45-story, futuristic office tower would be built as part of their development initiative. The tower is currently known as 110 Tenth and new details reveal that the 45-story tower would be built above the 12-story podium of PARAMOUNT Worldcenter residential condo tower. The podium houses parking along with their amenity deck and high-street retail space. Pickard Chilton has designed the office tower, although Stantec is the Architect on record, which will feature a futuristic "diagrid" design in addition to 600,000 SF of Class A office space and 944,000 gross SF. Construction is expected to begin in the Q2 of 2018, with occupancy expected in late 2020.
Check-out our original coverage of the futuristic office tower by Pickard Chilton.
Nexus Riverside Central Proposed by Adler Group, to be Reviewed by Special Estate Counsel
A $465 million project on the Miami River proposed by Adler Group on the site of the City of Miami's Administrative Headquarters is headed for review by a special estate counsel authorized by the City Commission. Adler Group has proposed an exchange of constructing a new building and parking garage somewhere else in Miami in exchange for the right to build on the site. Nexus Riverside Central would include 3 residential tower with 1,350 residential units and a 150-room hotel along with 30,000 SF of shopping and dining. Adler Group would pay $335 million in rent to the city in a 90-year ground lease on the property. Approval by the special estate counsel would lead to the project appearing on the November ballot and would move Miami's Administrative Headquarters away from the Miami River which has become a hotbed for development in recent months with projects such as One River Point and Aston Martin Residences.
Downtown Miami's Courthouse Tower to get $5 Million Renovation Designed by MKDA
Downtown Miami’s Courthouse Tower is set to undergo a $5 million renovation designed by Wynwood based architecture and interior design studio MKDA after it was acquired by New York real estate investment firm Brickman for $27.5 million in March 2016. Courthouse Tower is 162,500 SF spread over 25 floors of office space with ground-floor retail. MKDA will be tasked with upgrading the façade, signage, lobby, amenity spaces, elevator lobbies and corridors with a modern architecturual style.
PARAMOUNT Miami Worldcenter Unveils Penthouse Collection Featuring 26 Exclusive Residences
PARAMOUNT Miami Worldcenter has unveiled their penthouse collection of 26 exclusive penthouses. The penthouses will be located in the circular upper core of the 60-story skyrise and will consist of 18 large single-story residences and 8 two-story duplex residences ranging in price from $3.5 to $9.5 million. The tower’s core will feature penthouse residences ranging between 3,500 and over 6,000 SF in layouts consisting of four and five bedroom residences. 2 select duplex penthouses will be located on the 54th floor with another 2 premier duplexes will be located on the 55th and 57th floors. The penthouses will be part of the tower’s four-level Skydeck, which is designed to look like the helm of a magnificent Italian super yacht. The Skydeck will feature its own sky view lounge, sunrise pool, observatory, infinity pool, sundeck and Tai Chi deck. Penthouses will feature panoramic views, private elevator access, 10-foot ceilings, European kitchens and bathrooms complete with rain showers and spa tubs, as well as larger entertainment spaces. Residences also include chef's kitchens including 12-foot islands and the highest quality Gaggenau appliances including a full-size wine cooler and premium induction cooktops.
“The Penthouse Collection Series is yet another testament to the new dimension PARAMOUNT Miami Worldcenter is introducing to the market,” said developer Daniel Kodsi. “A true rarity, our penthouse residents will enjoy expansive floorplans and oversized, outdoor living rooms, designed to feel like a true single family home in the sky with sweeping 180 degree views and all of the benefits of our urban location and unmatched amenity offerings.”
Check-out our PROFILE Exclusive Interview with Dan Kodsi, the developer of PARAMOUNT Miami Worldcenter as well as our coverage of the release of the PARAMOUNT Miami Worldcenter Guest Suite Collection.
Downtown Miami's New World Tower to Undergo $10 Million Renovation, To Become 100 Biscayne
Downtown Miami's New World Tower will undergo a $10 million from East End Capital and will be renamed 100 Biscayne. The redesign of the existing 30-story, 357-foot office tower will be headed up by Zyscovich Architects with interiors by MKDA. Renovations will include the lobby, façade, hallways, common areas, parking facilities, bathrooms, new amenity spaces with conference areas and fitness centers as well as upgrading the building to fiber connectivity. At the time of completion in the 1960's, New World Tower was the tallest building in Miami. East End Capital acquired the land for $84 million in fall 2016.
Drama Beginning to Unfold at Island Gardens on Watson Island Between Flagstone Property Group and The City of Miami
15 years ago, the city of Miami and Turkish developer Mehmet Bayraktar's Flagstone Property Group struck a deal to the tune of a 99-year lease to allow Flagstone to develop the Island Gardens property on Watson Island. Last week, city commissioners unanimously voted 5-0 to issue a notice of default to Flagstone Property Group. The city of Miami grew frustrated after the development proposed by Flagstone, which would include 2 hotels, 221,000 SF of retail and restaurant space and a megayacht marina was never built and only the megayacht marina was completed in 2015. The project was approved by Miami voters in 2001 and had expected costs over $1 billion. Flagstone Property Group claims that they can cure any defaults and may sue the city. They also claim that terminating the lease would lead to losses over $100 million. During 15 year period, Flagstone Property Group paid only $6.3 million in rent. Mayor Tomas Regalado could veto the vote and has suggested commissioners bring in a third-party to determine if Flagstone is actually in default.