Bal Harbour Mayor Gabriel Groisman made the announcement at Tuesday night’s Village Council meeting, saying he had received a letter from Whitman Family Development withdrawing its proposal and requesting a meeting where new expansion plans could be discussed. Whitman Family Development submitted new plans last Friday for a planned expansion of Bal Harbour Shops. Grossman said his initial impression was that any new plan “would be a smaller plan than before.”
Read MoreMore patients might be eligible for medical marijuana in Florida under Amendment 2, but a preliminary draft of new rules doesn’t appear to allow for immediate growth in the industry to meet demand.
On Tuesday, the Florida Department of Health released the preliminary text of proposed rule development. The release comes ahead of five public hearings schedule for early next month, giving Floridians a chance to weigh in on the agency’s rules and regulations governing the state’s medical marijuana program.
But the update appears to do little to establish new rules, instead creating a system that could bring new patients into the state’s existing medical pot program.
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Local developers are putting up heavy resistance against a city of Miami effort to fund or place public art in private projects.
Last week, the Miami City Commission delayed a final vote on the measure, amid a chorus of opposition from local builders and trade groups claiming the legislation was unfair and required more tinkering.
“We ask you to refrain [from imposing] an art impact fee on privately financed projects at this time,” said Truly Burton, Builders Association of South Florida’s executive vice president. “We are not saying ‘no.’ We are saying ‘not yet.'”
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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 MoreMetro 1, the commercial real estate brokerage led by Tony Cho, has expanded to Palm Beach County through a merger with Sycamore Realty Advisors, led by Mark Roberto and Frank Fausone.
Read MoreA 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 MoreThis 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 MoreOrlando-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 MoreThere'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 MoreMidtown 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 MorePositioned within the grandeur of the Encore Hotel along Las Vegas Boulevard, the Encore Spa stands as a pinnacle of lavish rejuvenation. Encompassing an expansive 61,000 square feet, this opulent spa has earned the prestigious Forbes Travel Guide Five-Star Award and is renowned for its architectural design helmed by Todd-Avery Lenahan.
Read MoreSteve 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 MoreFashion Designer Calvin Klein Miami Beach Home is still for Sale
It is located on North Bay Rd. A private waterfront sanctuary with a pool and dock overlooking 113 feet of open bay views.
Read MoreCamilo 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 MoreBiscayne 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.
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Neuschwanstein Castle
Location: Hohenschwangau, Germany
Style: 19th century Romanesque Revival Palace | Castle Romantisism
Construction started the 5th of September 1869 and was completed in 1886
Architect: Eduard Riedel
Miami designers Robert Brown and Todd Davis say channeling is a new spin on 1970s design that makes Magic City homes even more chic.
Read MoreThe 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.
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