Miami Duplex Penthouse Chops $13.5M Off Asking Price; Now Listed for $39.5 Million || via Mansion Global

A duplex penthouse in a new Miami beachfront condominium just chopped its asking price by more than 25% from the $53 million it was first listed for over a year ago.

Penthouse 900 at 321 Ocean Drive in Miami Beach is now listed for $39.5 million, with a price reduction of $13.5 million or over 25%, according to the Multiple Listing Service.

Read More
Investor buys Brickell gas station near Miami River for $8M || via THE REAL DEAL

 A Miami investor paid $8 million for a corner gas station across the street from the Chetrit Group’s $1 billion Miami River project, adding to his holdings in the Brickell area. 

Records show broker and investor Simon Karam’s City Block Properties LLC spent $378 per square foot for the 21,158-square-foot corner lot at 720 Southwest Second Avenue near Brickell City Centre. The seller is Five Group Corp., a company controlled by Eduardo Atienza, Manuel Alegria, Antonio Moreno and Basilo J. Folgueira.

The deal is another indication of developers acquiring land amid the slowdown in Miami’s luxury market, with most holding off on launching new projects until sales pick up again.

Read More
Miami Beach gives another thumbs down to height increase for mixed-use Sunset Harbour project || via THE REAL DEAL

This was the second time Deco Capital Group had proposed a height increase for eight lots it acquired in 2014 for $14 million. New York-based RWN Real Estate Partners, backed by billionaire Marc Rowan, is a majority partner in the venture. The planned building would have had 15 luxury condos on top of premium retail, overlooking Maurice Gibb Park.  

Read More
Zom hires Stantec to design interiors at Met Square || via THE REAL DEAL

Orlando-based developer Zom selected architecture and design firm Stantec to do the interior design of Met Square, the fourth and final phase Metropolitan Miami, a mixed-use residential development in downtown Miami.

Met Square, expected to open next year, will have 391 residences, a spa, club lounge, pool deck, four restaurants and an 18-screen multiplex theater with seating for 1,778.

“Tribal Chic” is the interior design concept for Met Square, an homage to the Tequesta Indians, the earliest residents of Miami.

Read More
Miami's Unexpected New Art Destination || via Architectural Digest

There's certainly no shortage of good art in Miami. From the lauded Perez Museum, which celebrated its third anniversary this fall, to the Rubell Family Collection to the annual Miami Basel fair, during which the art-world elite descends on the Florida city for a week of art and parties, Miami has emerged in the past few years as a destination for the arts. This week the city will add to its portfolio with the opening of four public artworks along the impending Underline, a public park and recreation space below Miami's Metrorail masterminded by James Corner Field Operations, the same firm behind New York’s beloved High Line. Miami-based artists Bhakti Baxter, Naomi Fisher, Nicolas Lobo, and Agustina Woodgate have been selected to create the Underline's first round of temporary artworks, opening January 14.

Read More
70 Leases Have Already Been Signed At Midtown Five, Exceeding Developer Expectation || via THE NEXT MIAMI

Midtown Five opened on January 1 after receiving a Temporary Certificate of Occupancy, and demand for apartments there is proving to be strong.

There are already 70 signed leases in the 400-unit apartment building, a developer spokesperson told TNM. Those numbers place the building ahead of the developer’s schedule for leasing, and are exceeding the typical pace for a building of this size, they say.

About three dozen tenants are now living in the building, just days after the TCO was issued.

Read More
Steve Wynn's $ 28 Million Dollar Sailor Man blends lovely in his perfect world of dreams casino\ hotel lobby

Steve Wynn acquired "Popeye" by Jeff Koons in a Sotheby's auction for $28,165,000 in 2014.

It now sits in the Wynn Las Vegas Casino, However there are rumors that he will be moved to the new Wynn Boston Harbor Casino, expected to completed in 2019.  To be located along the banks of the Mystic River in Everett.

Read More
Historic Brickell Castle to Host Fine Dining Italian Restaurant

Camilo Miguel Jr., the founder and CEO of Mast Capital, envisions this site as the home for a top-tier restaurant. His acquisition of the property in August 2013, for $2.575 million, was followed by rezoning for retail and commercial uses, along with extensive upgrades that included electrical, air conditioning enhancements, and various renovations.

Read More
Just for three weeks, cars will make way for people on Biscayne Boulevard downtown || via Miami Herald

Biscayne Boulevard in downtown Miami, the city’s foyer, functions today as little more than a funnel for cars and trucks: eight or nine lanes of careening traffic and six blocks of median parking leave scant room for people, at a time when thousands of new residents are moving into the neighborhood’s growing concrete jungle.

What if the proportions were reversed? Would it be better instead to turn over much of that valuable public space to people, to pedestrians and cyclists and basketball players, to diners and playing children and music-lovers?

That’s just what the Downtown Development Authority has proposed, and Miamians will get a taste of how it all might work starting Friday. For three weeks, three blocks of parking under the Metromover guideway straddling Flagler Street will be temporarily occupied by pop-up public plazas enlivened by a program of concerts, movie screenings, dance and yoga lessons, and food and beer tastings.


 

 

Read More
Fashion Designer Tommy Hilfiger’s Vibrant Home in Miami || via Architectural Digest

The great American graphic designer Milton Glaser once declared, "There are three responses to a piece of design—yes, no, and wow! Wow is the one to aim for." Tommy and Dee Hilfiger apparently endorse that notion. The fashion mogul and his wife have planted their flag on a glorious stretch of beachfront just north of Miami with a home defined by spectacular moments, whimsical flourishes, and astonishing coups de théâtre. In this case wow! might be an understatement.

Read More