All posts by cindymize

Doing what you love, when you're good at it, makes everything else fall into place. I love real estate and I love making good, profitable deals. That's why I am a Realtor! Coming from the technology business, I am I intrinsically understand how to use the latest technology to serve my client base. But, I also understand how sometimes a hand-written note is just the thing someone needs to see. We are on the cusp of a new age, and I like to keep aert to both sides. Now. About me, personally. My husband and I live in Key Biscayne, Florida. He is from Argentina, I am from Georgia. Both of us are bi-lingual and bi-cultural. We are dog people! We truly LOVE the South Florida lifestyle. We have a boat and we fish, and take full advantage of living in a little piece of paradise. Community service has always been a part of my life and on Key Biscayne, it's no different. I love to get involved in the community and am a member and officer of a number of organizations. The American Legion Auxiliary is probably my most favorite. We help veterans and active duty military and their families. I am also a member of the Daughters of the American Revolution, Daughters of the Confederacy, The Key Biscayne Woman's Club and am active in local, state and national politics. Another of my passions is the Arthritis Foundation. Eight women and I have a team, A2A4A (America To Anywhere For Arthritis) and we run marathons all over the world to raise money to help the millions of Americans suffering with this disease. So far, we have raised over $200,000. When I have free time, you usually see me clomping around with my digital camera. Photography is my art and I relish the time I spend taking photos and looking at other people's work. And, I like to write. So. Here goes my blog!

Swire Properties Announces Plans for Northern Trust Site

Arquitectonica-designed tower planned at 700 Brickell

A rendering of One Brickell CityCentre

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Swire Properties plans an 80-story, mixed-use tower at the 700 Brickell Ave. site it purchased recently for $64 million.

The Arquitectonica-designed high-rise would serve as the entrance to the Brickell CityCentre project currently under construction on both sides of Miami Avenue, immediately west of the 700 Brickell site.

The tower, to be called One Brickell CityCentre, will include retail, Class A offices, condominium units, and a hotel with a restaurant and lounge, according to a statement released Friday. The plan also envisions grand plazas and retail shops connected to Brickell City Centre.

Upon its completion in 2015, Brickell CityCentre will comprise a luxury shopping center, two residential towers, the EAST Miami hotel by Swire Hotels, serviced apartments, a wellness center and Class A offices.

Swire Properties intends to work with the city of Miami to have One Brickell CityCentre approved as an extension of the existing Special Area Plan. The site is currently home to Northern Trust Bank, which had an interest in the sale of the property.

“In creating the vision for One Brickell City Centre, we are mindful of the legacy of the sellers of 700 Brickell Avenue, heirs of the pioneer Brickell family and Northern Trust Bank, a great corporate citizen,” Swire Properties President Stephen Owens said in a statement. “Our goal is to develop a structure that will be artful in its mix of uses and will advance Brickell Avenue’s stature as Miami’s premier destination.”

“One Brickell CityCentre is a tower that, by its design and dramatic contours, creates views above the current Miami skyline,” Arquitectonica principal Bernardo Fort-Brescia said in a statement. “With sightlines that stretch from land to sea, the building’s glow will act as a welcoming lantern for downtown Miami and a portal to Brickell from all approaches.”

Owens told the Business Journal in August that Swire may hold off on developing the siteuntil after the Brickell CityCentre project is complete.

Oscar Pedro Musibay Miami Business Daily

Related’s Element to have three towers, 1,000 condos – slideshow – South Florida Business Journal

Related’s Element to have three towers, 1,000 condos – slideshow – South Florida Business Journal.

Miami construction update: Summer 2013

Metro Atlantic

Here is an early Summer update of skyscraper construction in Miami. Since the last construction update in March, numerous new towers have been proposed and approved across the city. Most of these newly proposed towers plan to break ground in late Summer and Fall 2013. In the meantime, below are some updates on the towers currently under construction.

For a recap of these projects, with renderings and data, see: Miami’s future skyscrapers: Part 1 and Part 2.

1100 Millecento: The 42-story 1100 Millecento residential tower has gone vertical. The ground floor of this building looks like it’s going to be a great space. Especially overlooking Flatiron Park across the street, the location of this building is prime.


1100 Millecento Miami May 2013

Brickell CityCentre: The Brickell CityCentre sites are a massive construction project, spanning four city blocks in the center of Brickell. Of all the projects under construction in the city, this is by…

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Whole Foods Market in North Miami sells for $20M

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The newly constructed building housing Whole Foods Market in North Miami has sold for $19.8 million.

CBRE Senior VP Dennis Carson and senior associate Todd Weintraubrepresented seller Biscayne Partners in the transaction for the 36,000-square-foot building, at 12150 Biscayne Blvd.

The seller, which is managed by Aria Mehrabi, was able to pay off a $13 million mortgage from U.S. Bank. The building was completed in May.

CBRE identified the seller as Happiness Inc.

“Single-tenant Whole Foods are rarely available to investors, and this one’s very strategic location and the demographics of northeastern Miami-Dade County were especially appealing to investors,” Carson said in a news release.

CBRE’s Casey Rosen and David Donnellan also represented the seller in the transaction.

South Florida Business Journal

Brickell CitiCentre Buys 700 Brickell, A Massive New $65 Million Front Door

As expected, Brickell CityCentre, already ginormous at about five city blocks in size, has purchased 700 Brickell Avenue, an unnamed source told the South Florida Business Journal. CitiCentre bought:

(1) a sizable chunk of prime Brickell Avenue property to expand the already mega megadevelopment…

(2) a Brickell Avenue address, and most importantly…

(c) a giant new front door with the aforementioned Brickell Avenue address.

They paid a pretty penny for it too, beating out Related Group and Fortune International who were also bidding for it, to the tune of $65 million.

And which property did they buy?

(Drum-roll…spoiler alert)….

The site was marketed on behalf of Northern Trust and the Brickell family trust, which share control of the site, according to sources who asked not to be named. And was most recently the home of Miami Today.

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Oceana Key Biscayne Almost Sold Out

From left: Oceana Key Biscayne renderings and Eduardo Costantini

From left: Oceana Key Biscayne renderings and Eduardo Costantini

UPDATED, 5:30 p.m., June 18: Oceana Key Biscayne, the first U.S. development of Argentine real estate mogul and art collector Eduardo Costantini, is more than 90-percent sold-out pre-construction, leaving only 1 penthouse and 6 villas on the market 10 months after sales opened, The Real Deal has learned.

Oceana, the first new development in Key Biscyane in nearly 13 years, is scheduled to receive its final touches in July.

When completed in 2014, the Bernardo Fort-Brescia of Arquitectonica-designed all-glass, 14-story double tower on a 10.3-acre site will constitute a gated community with 142 units and 500 feet of private beach.

Costantini, chairman of the Nordelta gated community outside Buenos Aires and the founder of the Argentine capital’s Malba art museum, may exhibit works from his private collection in the Yabu-Pusehlberg-designed lobby. The community will also feature a social lounge, restaurant, pools, cabanas, a tennis court and a putting green.

The 5,187-square-foot, two-story villas with private pools on expansive private lots will be open for viewings starting August 15. Work is underway at Oceana Bal Harbour, Costantini’s development company, Consultatio, confirmed. –Emily Schmall

Faena House has 50% of units under contract

Faena Housethe ultra luxurious xanadu that Argentinian developer Alan Faena is building as the residential portion of his Faena District Miami Beach project, (let’s just call it Faena District for short) has fifty percent of its units under contract,according to a Faena representative.

The 18-story, 47 unit building comes with major starchitecture cred, being designed by Foster + Partners (a.k.a. Pritzker prize winning architect Lord Norman Foster), but that’s just the tip of the iceberg. It will have features and amenities galore, including its signature aleros (don’t take the hallway to get from A to B, take the balcony!), really major pieces of hurricane resistant glass, and humungous sliding hurricane glass doors (12.5 feet in some instances!). There will be a private residential beach club separate from the Faena Hotel next door, pools, men’s and women’s spas, residential lounges of course, and “gardens with both common areas and more intimate spaces” designed by Raymond Jungles.Faena House - Residence Interior View lo res-thumb

Health Insurance Reform – FAQs: Medicare Tax on Net Investment Income

Health Insurance Reform – FAQs: Medicare Tax on Net Investment Income.

Miami’s future skyscrapers: Part II

Miami’s future skyscrapers: Part II

About a month after I posted about Miami’s future skyscrapers, where I introduced seven of Miami’s biggest high-rise projects, five additional projects have been revived and/or proposed for the Greater Downtown Miami area. The city is back to its old housing boom ways…

1400 Biscayne:
1400 Biscayne is being revived from the original building that was proposed for this site before the economic crash. 1400 Biscayne is mixed-use, although primarily residential. It is designed by the architects Pei Cobb Freed Partners. The building would rise 651 feet or 198 meters, towering over theArsht Center, located just a block south of this project. The building is designed with a ground floor courtyard with retail, perfect for cafés and restaurants for the theater crowd. Above this would be about 100,000 square feet of office space and 710,000 square feet of residential space, totaling 428 residential units.

The previous design for 1400 Biscayne was more airy, incorporating a lot more glass than the current, heavy design does. Currently on the site is a dull, three-story office building from 1971, which would be demolished to build this tower. The area around the Arsht Center is desolate with vacant lots surrounding every corner of the performing arts center. After a show, most patrons leave the area for other neighborhoods for dinner and drinks. 1400 Biscayne could be the catalyst for infill development around the beautiful performing arts center to finally create a 24/7 urban neighborhood here.

1400 Biscayne (old design)

The original design for 1400 Biscayne. The Adrienne Arsht Center can be seen to the right of the tower.

1400 Biscayne

Ground floor view of the new design for 1400 Biscayne.

1400 Biscayne

Aerial view of the new design of 1400 Biscayne.

Brickell Flatiron:
Designed by architect Enrique Norten, Brickell Flatiron was initially proposed to much fanfare in 2006 as one of Miami’s most exciting high-rise designs. Unfortunately, construction never began and the lot became a parking lot. In 2011, the lot’s southern corner was the proposed site of a small pocket park designed by Raymond Jungles. Work began on the park in 2012 but as of October 2012, work has been stalled for months. Now, the high-rise is back and the developer is in the permitting process with the city to get this built. Scrap the park idea.

Brickell Flatiron is located at 1015 South Miami Avenue, on a triangular lot. The design of the building takes advantage of this unique lot shape with a design reminiscent of Manhattan’s Flatiron Building. Brickell Flatiron will be 794 feet (242 meters) tall with 70 stories. Inside will be 554 residential units with 254,043 square feet of office space, 30,316 sf of retail, 16,913 sf of restaurant space and 820 parking spaces.

Brickell Flatiron from South Miami Avenue

Brickell Flatiron building as seen from South Miami Avenue looking north.

Brickell Flatiron back view

Brickell Flatiron as seen from SE 10th Street looking south.

Brickell Flatiron park plaza

The triangular lot’s southern tip will become a public plaza. The developer is currently going through a land swap with the city to transfer the lot’s southern tip to the city for public use. In exchange, Brickell Flatiron would get the tiny pocket park on the northeast corner of this block to develop.

Crimson Tower:
Crimson Tower is a 205 foot (65 meters) high, 18-story, 83-unit apartment building proposed for theEdgewater neighborhood at 527 NE 27th Street. Crimson Tower is designed by the architecture firm IDEA. The building is great in that it’ll provide greater population density in the growing Edgewater neighborhood, especially considering it will be built over a currently-vacant lot, however, the design is horrid. Of all the new proposed towers in Miami, this is the least favorite and most aesthetically painful.

With 150 parking spaces, there’s also way too much parking for an 83-unit apartment building. The city should discourage developers to include so much parking, especially in a neighborhood as walkable as Edgewater. Just looking at the elevations of this building and it’s clearly half parking, half apartments. Especially for a waterfront location, the city’s planning and zoning department should be more stringent on design standards. This is Miami, the city deserves quality urban design. Very unfortunate.

In total, Crimson Tower will be 219,350 square feet, half of which is dedicated to parking. 83 apartments, 6,654 sf of open and green space, 150 parking spaces and 7 bicycle racks.

Crimson Tower Miami

Element:
Element was originally proposed in 2006 and was later cancelled. Originally designed by Chad Oppenheim, the same Miami architect who designed Ten Museum Park in Miami’s Park West neighborhood, Element has been revived with a new design by Dorsky+Yue. Element is to be 412 feet (126 meters) high with 389 apartments in 36 floors. Element’s new redesign is beautiful with a public baywalk. Unlike other projects, such as Icon Bay that pretend to open the bay up to the public, Element’s baywalk is much more successful.

Old Element design Chad Oppenheim

The old design for Element as designed by Miami architect Chad Oppenheim in 2006.

Element Miami new design

The new and current designed for Element.

Miami World Center:
Oh, Miami World Center. After Brickell CitiCentre, this is one of the most exciting and promising projects for Miami. It’s scale is massive, its urban and economic impact is incredible and its design is amazing.

Miami World Center was first proposed in 2007 and then it died down during the Great Recession. Now, with recent land purchases and activity it seems Miami World Center and it couldn’t be more exciting. Miami World Center would take over eight, mostly vacant city blocks in the heart of the city and convert them into a dense, busy neighborhood with thousands of apartments, offices, stores, restaurants, theaters, etc. It’s the kind of development that any city could dream of. Everything is still very abstract and preliminary about Miami World Center, so nothing is exact quite yet. Depending on the aggressiveness of the developer, a project of this scale would no doubt, easily take many years to complete.

Miami World Center is divided into five districts:

  1. Worldcircle: The central public plaza of the project. It would feature an impressive fountain and sculpture. Business and retail activity would center around this public plaza.
  2. First Avenue: Lush shade trees would line First Avenue with stores, restaurants and cafés on the ground floor of hotels and high-rise apartment buildings.
  3. Seventh Street Promenade: Seventh Street would be a pedestrian-only promenade connecting the American Airlines Arena to the east with the Historic Overtown/Lyric Theatre Metrorail station to the west. Seventh Street would have cafés and restaurants on the ground floor with apartments above. Think South Beach’s Lincoln Road, but with much more density.
  4. Worldwalk and Worldplaza: A diagonal road connecting Bayfront Park to Miami World Center. This area would have wide, open public spaces with lush shade trees.
  5. Worldsquare: This would be a massive semi-interior public space forming a courtyard space within one of the buildings. This space would be  covered with a trellis-style roof canopy connecting five stories of retail on either side. This space is billed as ideal for Miami Fashion Week.

Miami World Center aerial

Miami World Center looking east towards Biscayne Bay.

Miami World Center

MWC looking north towards Edgewater and Wynwood.

Miami World Center Worldcircle

MWC Worldcircle would be the center of the retail and business activity in the new neighborhood.

Miami World Center 7th Street

MWC Seventh Street Promenade. Seventh Street would be a pedestrian-only promenade connecting the Overtown Metrorail station to the west to the American Airlines Arena to the east.

Miami World Center streets

Urban and pedestrian-friendly streets of Miami World Center.

Miami World Center Worldplaza

Miami World Center’s Worldplaza would be the perfect location for Miami Fashion Week.

Excellent synopsis of the change taking place in the downtown Miami skyline.

Metro Atlantic

By many accounts, the Great Recession is hardly over. With rising unemployment rates throughout Europe and continued stalled economic growth throughout the Western World, the global economy is still trying to recuperate from the excesses of the 2000s. The years between roughly 2002 to 2008 brought a massive building boom to Miami, particularly the Downtown and Brickell neighborhoods. Between these years, 48 skyscrapers (buildings taller than 400-feet or 120 meters) were built. These new towers completely altered the Miami skyline, giving it the title of “America’s third-largest skyline.” These skyscrapers also increased the Downtown area’s population by 30,000 people, growing from 39,176 people in 2000 to 71,000 in 2010.

This increase in population has brought renewed life to Miami’s inner city neighborhoods that had been abandoned since the 1960s for suburbs further away. Brickell, the neighborhood south of Downtown, is now one of the city’s most popular neighborhoods. Traditionally known…

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