Victor Uzan's Evergreen Overseas Holdings, Inc. has proposed a mixed use development at 929 Alton Road. The 4-story, 30,000 SF mixed-use use project will be designed by IDEA Architecture from Aventura. The proposal includes retail space, office space and 82 parking spaces. The office space would occupy the top floor, with ground floor retail and parking in the middle. The Miami Beach Planning Board will review the proposal during their September meeting. Evergreen Overseas Holdings, Inc. had previously proposed a 20 unit condo development at the same site in 2014.
The BLVD at Lenox Retail Center Coming to 5th St. in Miami Beach
Fifth Street on Miami Beach is about to get another retail center named The BLVD at Lenox. Comras Company, the owners of the Ivy Nightclub which currently sits on the property, are planning to redevelop the lot into a 5-story retail structure designed by Zyscovich. The lot is located at 1045 5th St., directly across the street from the current Publix-anchored retail center at Fifth and Alton. The proposal includes 64,930 SF of retail space and 218 parking spaces and is set for review by Miami Beach's Planning Board in September.
Alta Developers Move Ahead with Quadro Mixed-Use Project Next to Design District
Alta Developers is moving ahead with its Quadro mixed-use project at 3900 Biscayne. They plan to build a 198-unit mixed use apartment building with 28,000 SF of commercial space in close proximity to Design District and Midtown. Alta Developers purchased the site for $18.36 million last year. Leasing for the commercial space is already underway. Revuelta will be the architect and Banco de Crédito e Inversiones of Chile will finance the project. Quadro will be 13 stories and will be delivered in 2018.
Area 41 Secures Financing and Moves Forward
Photo Via Curbed Miami
Design District's Area 41 is moving forward after securing financing with a $24.3 million loan from LA based Canyon Partners. Design District Development Partners project located at 112 NE 41st St. will be a 7 story, 8,082 SF mixed-use commercial development. It includes 10,000 SF of showroom and retail space, 20,000 SF of office space and a rooftop restaurant/ lounge. A rift between developers Benjamin Norton of Design District Development Partners and Asi Cymbal almost ruined the project earlier this year but was settled confidentially. Tenants are yet to be announced and leasing will be handled by Chariff Realty Group. First reported by The Real Deal.
Thor Equities and Touzet Studio Wynwood Mixed-Use Proposal
Thor Equities and architects Touzet Studio plan to pay homage to the former Coca Cola plant, which previously stood on the site of their proposed mixed-use Wynwood development including 306 apartments and 88,000 SF of commercial space. They aim to preserve the areas industrial past while incorporating Wynwood's art theme. They announced in Instagram they will use local artists to inspire the city's culture.
Paramount World Center
The exciting new Paramount Miami Worldcenter will feature the highly-anticipated Paramount Tower, where sales are now underway with over 25% of the building already reserved. Being brought to Miami by developers Daniel Kodsi, Art Falcone and Nitin Motwani with architect Elkus Manfredi Architects with the interior will be by design firm ID & Design International, Paramount Tower will be a luxury high-rise with five-star amenities right in the heart of Downtown Miami. The development is part of the Paramount Miami Worldcenter project that includes residences, mall, shopping, dining, entertainment, etc. This new development is expected to driving commerce and visitors to Downtown Miami at an unprecedented level.
Paramount Tower will feature 470 residences which will be on levels 10-54 with private elevator access and foyers, outdoor living rooms, designer kitchens and direct access to The Mall at Miami Worldcenter from the third floor. The building will also feature a "Yacht Skyview Deck," a 4-level rooftop haven with pool, lounge and yoga deck. Units are starting at $533 per square foot.
STK Miami Opens in Marquis Residences
The soft-opening of Me Miami has been so far a success, which recently moved closer to being completely open with the official opening of STK Miami in the lobby of Me Miami and Marquis Residences. The zoning permits the liquor license from the nearby late-night nightclubs including Heart and Space, so expect STK Miami to become a hopping place after-hours. The build-out features a modern restaurant concept right on Biscayne Blvd. and third-floor bar. The location is also walking distance from the Perez Art Museum, Frost Science Museum and American Airlines Arena.
Menin Hospitality to Open Al's Diner in Iconic Former Firestone Service Station
Menin Hospitality continues to grow its footprint on Miami Beach as it has added yet another project to its rapidly growing portfolio. Al's Diner, a 24 our eatery with gourmet treats will replace the iconic Firestone service station at 1500 Alton Road that opened in 1939. The shop opperated as a car service station until early 2016. The announcement brings Menin to 15 projects under operation. Late July, the Miami Beach City Design Review Board approved a variance to convert the properties' zoning to mixed-use retail/ restaurant with outdoor café seating as well as take-out window. ARRP, an affiliate of Crescent Heights will fully restore the iconic cantilevered porte-cochère and the Firestone roof sign.
Spring Chicken coming to 1439 Alton Road
The popular new eatery Spring Chicken in Coral Gables is coming to Miami Beach. John Kunkel will open his new location in 1439 Alton Road, as will Lulu's Nitrogen Ice Cream Shop. Kunkell was able to get a 15 year master-lease on the 3 units in which he previously operation his BTW and Lime concepts. Kunkell calls Spring Chicken "Shake Shack meets Chick-fil-A." He will develop the property into a fast-casual haven complete with shared courtyards to eat. The restaurants should open in late August and early September. Spring Chicken has also recently opened in Fort Lauderdale as well.
Marinablue Downtown Retail Space Sells for $14.94 Million
Marinablue's ground floor retail space with prime Biscayne bay-front location just recently sold for $14.94. The sale comes out to approximately $1,347 SF and has 7 retail units spanning 11,090 SF. Wine by the Bay has a long term lease on one of the units. The deal was brokered off market with the buyer being European investor Aran Properties. In March CVS signed a 25 year lease for the space with the store opening in July. This is another exciting development in the fast changing Downtown Miami which has seen population rise by over 29% in the past 5 years and brings yet more value to the Museum Park group of buildings which also just saw an STK and Me Miami Hotel open in Marquis Residences.