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Magic City Innovation District Set To Transform Little Haiti After Receiving Final Approval

July 7, 2019

Magic City Innovation District (MCID), a 17.7-acre Innovation District in Miami’s Little Haiti and Little River neighborhoods, has received a unanimous final approval from the Miami City Commission. MCID spans 6 city blocks and intends to redevelop the Little Haiti and Little River neighborhoods to create a walkable, campus-like neighborhood where individuals from all demographic backgrounds can enjoy a high-quality live, work, play lifestyle. With an emphasis on technology, sustainability, health and wellness and art and entertainment, MCID will contribute to the economic vitality of the area and enhance the appeal of the community.

Renovations and construction commenced in August 2018 on 17 of MCID’s 21 commercial buildings. The project's first phase of commercial development features 200,000 SF of leasable space spread through several modernized warehouses. Designs for the commercial spaces, which range from 300 to 14,000 SF, are spearheaded by a variety of local design firms, including McKENZIE and ELM Architects. MCID anticipates being ready to receive office, retail and other commercial tenants as early as September 2018. Metro 1 is overseeing lleasing efforts for the 17 spaces, geared toward creative-style tenants that align and shape MCID’s atmosphere and further promote foot and auto traffic throughout the neighborhood. The developers will also contribute $31 million to the Little Haiti Revitalization Trust which will be overseen by the city

When complete, the Magic City Innovation District Will feature 3.8 acres of public civic space, 2.18 acres of landscaped pedestrian promenade dubbed the Promenade du Grand Bois, 2,630 residential units, 1,987,686 SF of office, 101,669 SF of expo space, 432 hotel rooms, 344,538 SF of retail, and 6,081 parking spaces. The first 4 tenants to commit to MCID were revealed in Sprinf 2019 including Diana Lowenstein Gallery, Manmar Entertainment (marketing), Ecovie (recycling start-up), and COOL Creative (advertising).

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In Commercial, Construction, Construction News, Construction Update, Design, Little Haiti, Little River, New Construction, News, Office Space, Residential, Retail, Restaurants, Sales Update Tags MCID, Magic City Innovation District, Magic City, Little Haiti, Commercial, Little River, New Construction, Mixed Use, Sales Update, Design Update, Miami City Commission, Featured, Construction, Construction News, Construction Update, News, Office Space, Retail, Residential
Rieber Developments Closes On $36 Million Construction Loan For Ivory 214

Rieber Developments Closes On $36 Million Construction Loan For Ivory 214

June 26, 2019

The Aventura-based Rieber Developments has announced that they have closed on a $36 million construction loan for Ivory 214. The loan was provided by the Miami-based BridgeInvest and was formally granted to the property’s development LLC, Shalev Development Group.

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In Aventura, Commercial, Construction, Construction News, Construction Update, Finance & Banking, Hotels, New Construction, News, N Miami Beach/ Aventura, Mixed Use, Office Space, Retail Tags Rieber Developments, Ivory 24, Aventura, News, Construction News, Construction, Construction Loan, Construction Update, Financing, Finance, Finance & Banking, Shalev Development Group, Winmar, Winmar Construction, Tapestry Collection by Hilton, Aventura Medical District, Cervera Real Estate, New Construction, Bernardo Rieber, 2820 NE 214 St, Hotel, Hotels, Commercial, Office Space, Retail, Mixed Use, Featured
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Rieber Developments Reveals Mixed-Use 12|12 Aventura In The New Aventura Medical District

Rieber Developments Reveals Mixed-Use 12|12 Aventura In The New Aventura Medical District

June 24, 2019

The Aventura-based Rieber Developments, led by Bernardo Rieber, has revealed plans for 12|12 Aventura, a mixed-used project with offices for medical professionals, a luxury senior living component and vibrant dining and shopping

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In Aventura, Commercial, Design, Medical, Mixed Use, New Construction, News, N Miami Beach/ Aventura, Office Space, Retail Tags Rieber Developments, 12|12 Aventura, Aventura, News, New Construction, Arquitectonica, ID & Design International, Bernardo Rieber, Winmar Construction, Cervera Real Estate, Mixed Use, Commercial, Office Space, Retail, Design Update, Design, Medical
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3364-3384 Grand Avenue_luxury Metronomic Officially Acquires Properties For Phase 1 of Grand Plaza, Coconut Grove's New $74 Million Sustainable Development

Metronomic Officially Acquires Properties For Phase 1 of Grand Plaza, Coconut Grove's New $74 Million Sustainable Development

June 17, 2019

Miami-based sustainable real estate developer Metronomic has acquired an assemblage of properties in Coconut Grove to commence development of their “Grand Plaza” mixed-use project. The four-parcel portfolio along Grand Avenue consists of 0.77 acres and was purchased for $6.3 million ($186.67/psf).

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In Coconut Grove, Invest, Investment News, New Construction, News, Residential, Sales Update, Sustainable Building, Commercial, Office Space, Retail Tags Metronomic Inc., Metronomic, Grand Plaza, Coconut Grove, Sustainable Building, Sustainability, News, Sales Update, Investment News, Invest, Ricky Trinidad, Burgos Lanza & Associates, New Construction, Residential, Commercial, Mixed Use, Retail, Office Space
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Okan Tower Releases First Interior Renderings With Groundbreaking Planned For Late 2019

Okan Tower Releases First Interior Renderings With Groundbreaking Planned For Late 2019

June 5, 2019

Turkish developer Okan Group has released the first interior renderings of the Behar Font & Partners-designed Okan Tower in Downtown Miami. The tower is expected to break ground later this year and will rise 70-stories when complete, over 890’.

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In Commercial, Construction, Construction News, Construction Update, Downtown, Interiors, Mixed Use, New Construction, News, Residential, Sales Update, Office Space, Hotels Tags News, Okan Tower, Okan Group, Behar Font & Partners, Behar & Font, Construction News, Construction, Construction Update, Mixed Use, Commercial, Residential, Hotels, Hotel, Office Space, Downtown Miami, 555 N. Miami Ave., Sales Update, Interiors, New Construction
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Avra Jain To Break Ground On 555 River House In January 2020

Avra Jain To Break Ground On 555 River House In January 2020

May 30, 2019

Avra Jain is planning to break ground on the Carlos Zapata and O’Donnell Dannwolf and Partners-designed 555 River House in January 2020. Located on the Miami River, River House will be a mixed-use development with 39 luxury condos, a 175-key hotel, 120,000 SF of office space and 36,650 SF of commercial space.

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In Commercial, Little Havana, Mixed Use, New Construction, News, Office Space, Residential, Hotels Tags Avra Jain, 555 River House, News, Little Havana, New Construction, Carlos Zapata, O'Donnell Dannwolf & Partners, Commercial, Residential, Hotels, Hotel, Office Space, Miami River, Mixed Use
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Sunset Place Redevelopment Proposal Finally Gets Approved By South Miami

Sunset Place Redevelopment Proposal Finally Gets Approved By South Miami

April 28, 2019

Nearly two years after the South Miami voted against the redevelopment of Sunset Place, the city has now approved the proposal after a special commission meeting where the South Miami City Commission voted unanimously to approve ordinances that allow will give the go-ahead to the developers to revitalize the aging mall.

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In Commercial, Hotels, New Construction, News, Office Space, Rentals, Retail, South Miami, Sustainable Building Tags Federal Realty Investment Trust, Federal Realty, Comras Company, Grass River Property, Sunset Place, Commercial, Mixed Use, Retail, Office Space, Rentals, Hotel, Hotels, Apartments, Apartment Rentals, News, New Construction, South Miami, Sustainable Building, Sustainability
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13th Floor Investments & Adler Group Break Ground On The Transit Oriented Link at Douglas

13th Floor Investments & Adler Group Break Ground On The Transit Oriented Link at Douglas

April 21, 2019

13th Floor Investments and Adler Group have broken ground on one of Miami’s most anticipated transit oriented development, Link at Douglas. The development team is beginning site work this month and vertical construction of the development’s first phase is expected to begin this summer (2019).

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In Commercial, Construction, Construction News, Construction Update, New Construction, News, Residential, Retail, Office Space, Transportation, Travel Tags 13th Floor Investments, Adler Group, Link at Douglas, Construction News, Construction, Construction Update, Transportation, Public Transportation, Travel, News, New Construction, Douglas Road Metrorail Station, Corwil Architects, Arquitectonica, Commercial, Mixed Use, Retail, Residential, Office Space, Groundbreaking, Arnaud Karsenti, Michael M. Adler
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CIM Group & One Real Estate Investments Lock Down Construction Financing For Wynwood Square

CIM Group & One Real Estate Investments Lock Down Construction Financing For Wynwood Square

April 17, 2019

CIM Group and One Real Estate Investments has locked down construction financing for Wynwood Square as the project gears up to break ground. The loan is for $71.2 million and was provided by Sumitomo Mitsui Banking Corporation.

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In Commercial, Construction, Construction News, Construction Update, Finance & Banking, News, Office Space, Wynwood Tags CIM Group, Wynwood, One Real Estate Investments, Wynwood Square, Sumitomo Mitsui Banking Corporation, Stantec, Financing, Finance, Finance & Banking, New Construction, Construction, Construction Update, Construction Loan, Construction News, Commercial, Office Space
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Inside The Oasis, Wynwood's First True Creative Office Campus Delivering Late 2019

Inside The Oasis, Wynwood's First True Creative Office Campus Delivering Late 2019

April 5, 2019

Wynwood will soon be getting its first true creative office campus, The Oasis, on track to deliver in late 2019. The 70,000 SF site features 35,000 SF of existing industrial warehouse space which is being converted into a mix of 20,000 SF of creative office space with a 2,500 SF rooftop, brick and mortar retail, and a 35,000 SF heavily landscaped courtyard with an outdoor food hall.

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In Commercial, Office Space, Retail, Wynwood Tags The Oasis, Commercial, Office Space, Retail, Wynwood, 2319 North Miami Avenue, Carpe Real Estate Partners, Urban Robot Associates, Featured
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