One Thousand Museum had a great December with strong sales, reaching the halfway mark of construction and securing a $225 million construction loan to help get them through completion of the project. Developer Louis Birdman announced that in December they had sold $30 million of units bringing their total to 45 of the 83 units, roughly 54% of the building. The sellout is estimated at $600 million.
Todd Michael Glaser Proposes Micro-Rental Apartments on West Flagler Street in Downtown
In a joint venture between developers Todd Michael Glaser and the Posner Group, the corner of West Flagler Street and NW 8th Ave is in for a shake-up as Downtown Miami continues to be a hotspot for development. The proposed project will be a 20-story mixed-use project that will feature 100 micro-rental units that vary in size between 360 SF and 500 SF. Ground level will feature commercial space followed by parking and an amenity deck. The building will be designed by DOMO Architecture + Design and is currently under the approval process. Construction is expected to be around 18 months once the project is fully approved.
Featured Listing: 321 Ocean Penthouse
The Penthouse of 321 Ocean Drive has taken a price chop of $13.5 million, down to $39.5 million from the original list price of $53 million. The unit originally closed for $20 million in 2015 as a pre-construciton reservation. The beachfront unit is 6,807 SF in addition to 6,000 SF of outdoor space. It is located on the 9th and 10th floors and includes 4 bedrooms, 5 full bathrooms and 2 half-baths. Finishes include marble bathrooms and kitchen along with views of the Atlantic Ocean and Miami Beach. The outdoor space includes a rooftop terrace with a 36-foot infinity pool, summer kitchen and bar. 321 Ocean was designed by Enrique Norten. Listing and Photos by Jorge Uribe and Sotheby's International Realty.
Biscayne Green Initiative Coming to Biscayne Boulevard in Downtown
The Miami Downtown Development Authority has taken the first steps to getting cars off the roads and make life in Downtown Miami more pedestrian friendly. They have launched a month-long installation as part of the Biscayne Green initiative to redesign the medians and parking lots on Biscayne Boulevard between SE 1st Street and NE 6th St. The installation will remain through January 26 and is funded by the Knight Foundation and The Miami Foundation. A long-term proposal includes eliminating 2 lanes in each direction in order to build more landscaped pedestrian and biking paths. The city would aim to relocate the street parking and the city is currently performing a "Lane Elimination Analysis."
“Downtown Miami has experienced a nearly 150 percent increase in population over the past 15 years, with the majority of these new residents falling between the ages of 20 and 44. This young demographic overwhelmingly favors public transit over traffic, connectivity and public space over sprawl, and community experiences over material accumulation.” - Alyce Robertson, Miami DDA Executive Director
Events for the Biscayne Green Temporary Installation Through January 26:
- Biscayne Green Grand Opening Get-Down (January 6 from 7 – 10 p.m) - Celebrate the grand opening of Biscayne Green with handcrafted cocktails, live music and art.
- Biscayne Screen with O Cinema (January 8, 15, and 22 from 6 – 10 p.m) - Watch movies cuddled up on the Green with free blankets, popcorn and empanadas.
- Out of Office – Coffee + Wifi (January 11, 18, 25 from 9 – 11 a.m) - Enjoy the fresh air and fuel up for the day with coffee and snacks.
- Baila on Biscayne (January 12, 19 from 7 – 10 p.m) - Enjoy al fresco music, dancing and people watching.
- Taste of Downtown (January 14 from 6 – 10 p.m.) - Enjoy a taste of downtown with specialties from some of the area’s hottest culinary masters.
- Brunch on the Green (January 15, 22 from 11 a.m. – 3 p.m.) - Sip on mimosas and nibble on brunch offerings from local foodie hotspots.
Featured Listing: UPH2 at W South Beach with Ample Rooftop Space Lists for $9.95 Million
UPH2 at W South Beach is a true South Beach luxury party pad. This penthouse features over 2,647 SF of indoor space matched with 2,700 SF of outdoor space. The 3 bedroom layout includes 3.5 bathrooms along with marble floors, floor-to-ceiling windows and smart-home technology. The outdoor space is what sets this listing apart, with 5 balconies and an enormous rooftop terrace with an outdoor entertainment area including private rooftop pool, pool table, outdoor theater, summer kitchen and beautiful views of Miami Beach. Currently listed for $9.95 million. Listing and photos by Luis Gonnel of Engel & Voelkers.
Fabrizio & Diana Bianconi to Transform Mast Capital's Brickell Chateau into Italian Restaurant
Fabrizio & Diana Bianconi will launch their first restaurant in Miami after launching successful concepts in St. Barts and Los Angeles. The restaurant will be located in Mast Capital's famous Petit Douy French Chateau at 1500 Brickell which they acquired in 2013 for $2.575 million. Since then the property has gone through multiple changes including renovations to modernize the structure as well as being rezoned for retail and commercial use. Since acquisition Camilo Miguel Jr., the founder and CEO of Mast Capital, has had his sights set on bringing a restaurant to the property. The restaurant will be designed by Diana Bianconi and will feature an outdoor garden and lounge. The menu will be Italian including homemade pasta, steaks and seafood.The Italian restauranteurs also own Via Veneta and Bianconi in Los Angeles and L’Isola and L’Isoletta in St. Barts.
Featured Listing: 4 Bedroom Miami Beach Waterfront 3423 Northeast 171st Street Listed for $3.8 Million
3423 Northeast 171st Street, North Miami Beach has listed for $3.8 million. The 4 bedroom, 3.5 bath waterfront home includes 3,313 SF of living area. The home also includes an outdoor entertainment area with summer kitchen, outdoor bar, fire pit, hot tub and Brazilian Ipe wood flooring. Listing and photos by Drossner Realty Inc.
New Renderings of One Bayfront Plaza
New renderings have been released of One Bayfront Plaza which is set to become the tallest building in Florida. The 92-story, 1049-foot skyscraper is proposed by developer Tibor Hollo's Florida East Coast Realty and Kohn Pedersen Fox is the architect. The proposal is under review by the city and construction could begin as early as January 2019. The project includes:
- 902 Apartments
- 200 Hotel Rooms
- 532,000 square feet Class A office
- 103,959 square feet of retail on the lower levels
- Pedestrian bridge to Metromover
- 1,055 parking spaces
Read our earlier post upon plan submission by Tibor Hollo and their September application to the FAA to approve the height of the "super tower."
Crescent Heights Eyes Edgewater "Special Area Plan"
Crescent Heights is planning a development in Edgewater that would continue to change the fast developing area after setting their sites on acquring The Village South rehab facility. The proposed project will be that of an entire "community" at 3180 Biscayne Boulevard. Tenants on some of the properties included in the assemblage included The Village South will have 3 years to vacate, meaning construction will not happen this cycle. The assemblage will also include 4.6 acres at at 3000 Biscayne Boulevard, meaning the Special Area Plan will develop on both sides of Biscayne Boulevard.
Thomas Keller, Founder & Chef of Manhattan's Per Se, to Open Concept in Surf Club Four Seasons
Thomas Keller, the award-winning chef who founded Per Se in Manhattan and French Laundry in California, amongst others, will open a new concept in Surfside's Surf Club Four Seasons. Keller has looked at Miami for over five years, finally deciding to open in Surf Club Four Seasons after learning of the project and sites former history and beautiful new construction that has become a stunning additon to the Surfside community. Keller maintains that while his Surf Club Four Seasons concept will be upscale, it will not be another very fine dining restaurant but a more accessible restaurant for all to enjoy. As he told the Miami Herald, “I don’t think I’ll ever open another fine dining restaurant in America. Trying to replicate that energy, I’m not going to do that, not at my age, the Surf Club will not be about my personality.”
Surf Club Four Seasons is a luxury hotel and residential condo project that spans 9 acres with 965 feet of beach frontage. The development includes a 77-room Four Seasons Hotel as well as two 12-story residential buildings with 150 condos. Amenities include four swimming pools, a spa and gym, and 40 beach cabanas. Condo prices range from $3.4 million to $18 million and the project is over 80 percent sold as reported by ISG Miami. Surf Club Four Seasons is expected to open in 2018.