November 6, 2014
Affordable condo project to rise in Edgewater
26 Edgewater will have 86 moderately priced units
Edgewater is set for a new condo project with a focus on smaller units at more affordable prices. Stripey Developments and 4R Development are partnering on 26 Edgewater, a 10-story project with 86 units, according to the South Florida Business Journal. The developers picked up the 20,000-square-foot site, located at 321 Northeast 26th Street, for $2.4 million in early 2014. The project will break ground in December and be completed in mid-2016. Fifty-eight of the units will be one bedrooms, sized at 560 square feet and costing $270,000. The remaining 28 units are two bedrooms and range from 810 to 980 square feet, with prices averaging at $340,000. The main idea is to keep these units affordable to people, said Rafael Velasquez of Sunset Realty Group in Miami, who is marketing the project. It is for the international investor who wants future income without investing that much capital up front. [South Florida Business Journal] - Christopher Cameron
All rights reserved Copyright 2014 The Real Deal
Cash sales dominate South Florida's housing marketNovember 6, 2014
By: Paul Ower
Cash continues to dominate home sales in South Florida, a new report shows.
Roughly six of 10 Palm Beach County buyers paid cash in the third quarter, down slightly from a year ago but still well above the national average of 33.9 percent, according to RealtyTrac, a foreclosure listing firm based in Irvine, Calif.
In Broward County, cash accounted for 57.3 percent of all sales from July through September, compared with 60.8 percent a year earlier.
In the South Florida metro area, which also includes Miami-Dade County, 59.1 percent of home sales didn't require a mortgage, the highest percentage in the nation, RealtyTrac said.
The tri-county region's historical average for cash sales over the past 14 years is 47 percent.
Daren Blomquist, a vice president of RealtyTrac, said he expects cash to slowly lose influence as large investment firms pull back on purchases.
'But you're still going to have interest from international buyers and retirees,' Blomquist said Wednesday. 'South Florida is the mecca for cash sales.'
Fort Myers, Sarasota, Tampa-St. Petersburg and Melbourne ranked right behind South Florida in percentage of cash sales among metro areas nationwide. Florida led all states at 53.5 percent.
With loans harder to come by after the housing bust, cash purchases have propped up the region's housing market. Because of the uncertainty of buyers qualifying for mortgages, sellers are more likely to accept offers that don't require financing.
'From the seller's perspective, you're not waiting 30 or 40 days to see if the buyer can get a mortgage,' said Cathy Prenner, a real estate agent for Campbell & Rosemurgy in Palm Beach and Broward counties. 'A wise seller will take slightly less from a cash buyer because after the inspection, you know it's a done deal.'
Home inspections aren't required if no mortgage is involved, but most buyers still want to give the house a once-over. Appraisals and property insurance - two other potential deal-breakers - also aren't necessary in a cash deal.
But the abundance of cash sales is shutting out first-time buyers and young families, the foundation of a healthy housing market, analysts say. While the South Florida market has cooled, first-time buyers often complain they can't compete in bidding wars with deep-pocketed investors.
Beverly Rothstein, an agent in Coral Springs and Boca Raton, said she had a young couple lose three homes to cash offers.
'It was all people who wanted to buy and flip or buy and rent it out and my clients actually wanted to live in the home,' Rothstein said.
Eventually, a home popped up on the multiple listing service, and the couple made an offer that same day. They even wrote a letter to the sellers, expressing how much the property would mean to them.
In the end, Rothstein said, her clients ended up with the house, even though the sellers had cash offers in hand.
Copyright 2014 Sun-Sentenial.com
Secrets to Success & Business GrowthNovember 6, 2014
By: Ivan Misner
In January, BNI (Business Network International), the worldwide referral marketing organization which I founded in 1985, will be celebrating its 30th anniversary.
In light of this, one of the organization's franchisees incredulously asked me how I've managed to consistently keep the company growing each year and how it's possible that the BNI continues to steadily achieve higher and higher feats of success.
I made this video in answer to this question and in it I outline my secrets to growth and success step by step. The great thing about what I explain in the video is that you can apply the same business tactics I used to your own business.
After watching the video, I'd love to hear your thoughts about BNI, the business strategies I discuss, and/or how you are going to use the tactics I outline in your own business. Please share your thoughts in the comment forum below. Thanks!
To find out more about BNI, please visit www.BNI.com.
Click on the link below to view video
Copyright Copyright IvanMisner.com
Buying a Home Remains 38% Less Expensive than Renting!November 6, 2014
By: KCM Group
The updated numbers actually show that the range is from an average of 17% in Honolulu, all the way to 63% in Detroit, and 38% Nationwide! This is up from an average of only 5% cheaper in Honolulu in April.
The other interesting findings in the report include:
- Rents have continued to increase nationally even as home price increases are starting to slow. Current low mortgage rates have kept homeownership from becoming more expensive than renting.
- Some markets might tip in favor of renting next year if home prices increase at a greater rate than rents and if as most economists expect mortgage rates rise, due to the strengthening economy.
'Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying and rates haven't been that high since 1989.'
- Buying a home makes sense. Rental costs have historically increased at a higher rate of inflation. Lock in a mortgage payment now before home prices and mortgage rates rise as experts expect they will.
Keeping Current Matters Copyright 2014 - All Rights Reserved
23 Reasons Living In Florida Ruins You For LifeNovember 3, 2014
I'm sorry, what is this snow shovel that you speak of?
1. Because now you'll never move to a state without a Publix.
2. Because you get used to Disney World being only a car ride away.
3. Because the only winter clothing you have to buy is a hoodie.
4. Because everywhere else, winter and going to the beach are mutually exclusive.
5. Because you wouldn't be able to function somewhere where people drive normally.
6. Because Florida skies are so lovably dramatic all the time.
7. Because indoor hobbies are boring as heck.
8. Because warm nights after the humidity drops are so, so perfect.
9. Four words: EATING. ICE CREAM. YEAR-ROUND.
10. Because schadenfreude is impossibly sweet.
11. Because you've worked hard to develop your skill of identifying every type of palm tree on sight.
12. Because flip flops are still accepted as formal footwear if they're shiny enough.
13. Because you know rain on the weather app is just a 15-minute shower, not an all day thing.
14. Because parallel parking is not a real thing you have to worry about.
15. You'll only find better Cuban food than Miami in Cuba.
16. Because anything below a Category 3 hurricane means that you are most definitely throwing or going to a party.
17. Because you don't even own an outfit that doesn't pair perfectly with sandals.
18. Because you're used to going to the pool in fall.
19. Because there's only one place where you can ride the Hogwarts Express to Diagon Alley and Hogsmeade.
20. You won't find fiercer college football rivalries than Canes vs. Gators vs Noles.
21. Because coming to terms with the fact that a lot of northern states just, like, don't have ceiling fans is a harsh reality.
22. Because you know what fresh fish should look like.
23. Because it's iced coffee season ALL. YEAR. LONG.
New retail complex planned for Alton Road at corner of Lincoln Road in Miami BeachNovember 5, 2014
By: Ina Paiva Cordle
A handful of buildings on Miami Beach's Alton Road, at the corner of Lincoln Road including the mosaic-adorned Wells Fargo branch soon will be demolished to make way for a new retail and parking complex.
Developer Crescent Heights has been assembling the properties on the 1600 block of Alton Road since August 2013, with plans to tear them down and create a new, five-story, modernistic structure, to be called 1212 Lincoln Road.
The goal is for the development, across from the Regal South Beach movie theater, to be an extension of popular Lincoln Road luring shoppers to cross Alton Road, said Marisa Galbut, retail manager for Miami-based Crescent Heights.
Alton Road could definitely use an energetic boost and a bit of the facelift, said Galbut, citing ongoing construction on the major Miami Beach artery. Businesses there have really been hurting, so I see it as a revival of the road.
Galbut, the daughter of Crescent Heights Managing Principal Russell Galbut, said she expects 1212 Lincoln Road to attract the same type of national and international chain retailers that now line Lincoln Road.
Tenants currently in the four buildings that will be demolished include Verticals & More, Gun Depot, Mattress Town, Spiaggia and Taco Rico. Mattress Town has occupied its space for 27 years, and several others have been there a decade or longer. The four buildings were built from 1926 to 1937.
Miami-Dade property records show that a Crescent Heights affiliate purchased the four properties on the west side of Alton Road for a total of $48 million. Wells Fargo still owns its building at 1634 Alton, which was built in 1940. Crescent Heights has a contract to acquire it, and then will tear down, Galbut said.
Demolition and construction will be done in two phases, beginning next year, once new tenants are lined up, she said. The city of Miami Beach's Design Review and Planning Boards have already given their approvals to the development, spokeswoman Nannette Rodriguez confirmed.
The west side of Alton Road is not part of an historic district, and Miami Beach's historic preservation guidelines only apply to properties within historic districts, said Daniel Ciraldo, historic preservation officer for the Miami Design Preservation League. So although some of the buildings date back to the 1920s and 1930s, they can be demolished without any sort of review, he said.
We have been advocating for a review process similar to Coral Gables, where any building in the city, if proposed for demolition, is reviewed first for its historic significance, Ciraldo said. If we had that in place, some of the buildings might be preserved.
Ciraldo said his organization has asked the city of Miami Beach if the mosaics on the Wells Fargo building, which were designed by artist Enzo Gallo, can be saved. But he said he has not yet heard back.
When completed, 1212 Lincoln Road will have three stories of parking and two stories of retail shops, with a total of 83,484 square feet of commercial space and 297 parking spaces. Construction will be completed in about two years, Galbut said.
The Wells Fargo building will be demolished in the second phase, and the bank will become a tenant in the new building, said Jose Gelabert-Navia, principal of Perkins + Will in Coral Gables, the architects for the project.
Gelabert-Navia said the design of the new structure will be in keeping with the Bernard Zyscovich-designed Regal Cinemas and the iconic, Herzog & de Meuron-designed parking garage at 1111 Lincoln Road.
You will see when you are on Lincoln Road, it will stand out, Galbut said. And getting the visitors and locals to cross Alton and continue their shopping experience will be a benefit to all of Lincoln Road.
Copyright 2014 Miami Herald
Ten Best Hotel Restaurants in Miami
Posted on: 2014-11-10November 6, 2014
By: Carina Ost
As tourist season heats up, things in the kitchens of our favorite hotels get even hotter. Most of our city's best chefs are involved in hotel restaurants: Michael Schwartz has one at the Raleigh in South Beach, and Michelle Bernstein will soon open Seagrape at the Thompson in North Beach. On top of that, Miami imports the world's best restaurants and restaurateurs to its hotels, and the game is always changing.
Favorites like J&G Grill are in flux, while the Vagabond Restaurant is previewing its menu while getting ready to open its doors.
Here are the ten best hotel restaurants where you can get a great dinner and stay the night. These eateries can do for your stomach what magic fingers in a cheap motel can do for your back.
10. Biscayne Tavern at b2
Many hotel restaurants can be stuffy, but this self-proclaimed 'gastro-tavern' is a bit more casual. Biscayne Tavern pairs best with cold drinks, a juicy burger, and a couple of old friends. If you want an even homier experience, end your meal with chocolate chip cookies and milk.
9. Zuma at the Epic Hotel
Contemporary Japanese cuisine and a Zen-like dining room don't come cheap. However, at this showstopper, the presentations are stunning, while the cuisine has both yin and yang -- it's delicate and flavor-packed. No wonder this restaurant is a favorite among Miami chefs. The brunch is over-the-top.
8. L'echon Brasserie at Hilton Cabana Miami Beach
The Pubbelly Boys have ventured from their safe Sunset Harbour haven to give tourists a taste of a locals' favorite with some French flair. The pork-tastic dishes you have come to love are here, in addition to skate wing, escargots, and confit de canard.
7. DB Bistro Moderne at JW Marriott Marquis
For some of the best service in Miami and an overall luxurious business lunch, try DB Bistro Moderne. The Original DB Burger of ground sirloin, short rib, and foie gras is the menu signature, and it's as impressive as you'd imagine (and almost worth the hefty price). Beyond the burger, the wine list is beyond impressive and upward of 30 pages long.
6. La Mar by Gastï¿½n Acurio at Mandarin Oriental
The view at the Mandarin Oriental on Brickell Key is breathtaking. And now the restaurant that bears the name of the Peruvian culinary ambassador Gastï¿½n Acurio is making locals and visitors swoon. The piscos and ceviches take Peruvian classics to a new level.
5. Blue Collar at Biscayne Inn
Motel restaurants don't enjoy the same level of prestige as hotel restaurants. But Blue Collar, a separate entity attached to the Biscayne Inn, breaks the stereotype. With lunch boxes on the wall and daily specials on the chalkboard, this locals' favorite serves the people's comfort food.
4. The Dutch at the W
For a taste of Americana with a touch of globe-trotting, the Dutch can make you a bit dizzy, but all of the food is delicious. The tiny po'boy, also known as the 'little oyster sandwich,' is pretty perfect, and ending a meal with a forkful of flaky homemade pie crust is the happy ending that foodies dream of. Entrï¿½es are strong, but perhaps mas fuerte is the Montezuma's Revenge cocktail, made with jalapeï¿½o-infused mezcal.
3. Scarpetta at Fontainebleau
Miami has Scarpetta to thank for the Top Chef in our hearts, Nina Compton, along with Scott Conant's signature spaghetti pomodoro, which is as slurpable and divine as it looks. Though the menu is evolving with a new chef, and Conant is working on a new hotel restaurant in Miami, the staples are still there and always make for a memorable meal.
2. Edge Steak & Bar at the Four Seasons
Despite being located inside a Four Seasons, Edge offers some of the most reasonably priced food and drinks in Brickell. We call it the 'haute hotel restaurant with a heart.' The happy hour, the brunch, those tostones, that bourbon cocktail with a bacon rim, and that view are all highlights.
1. OLA at Sanctuary Hotel
Tucked away on James Avenue are hotel-restaurant gems such as Pied ï¿½ Terre and Casa Tua, but OLA is a standout. Always a welcome respite from the SoBe craziness, OLA serves consistent, delicious meals. Sip a strong mojito and dive into the menu that's a culinary trip around Latin America. The raspado de pato -- duck breast served over crisp rice with edamame, raisins, and pine nuts -- is like a bibimbap that's packed with flavor and sweet notes. The lobster ceviche is out of this world, and no meal is complete without OLA's deconstructed key lime pie.
Copyright 2014 Miami New Times, LLC, All rights reserved.
October 30, 2014
Cold front to bring 50s this weekend in South Florida
By: Miami Herald Staff
Ready for the big chill?
This weekend, weï¿½ll get it.
Forecasters expect temperatures to dip into the low- to mid-50s on Saturday night and early Sunday morning, the coldest air in South Florida since March.
The chilly air will continue Sunday night with lows in the 60s. Highs on Sunday will be in the low- to mid-70s.
'It really will be fabulous, feeling very much like fall,' said CBS4 meteorologist Lissette Gonzalez. ï¿½We could see some record lows.ï¿½
And itï¿½ll be a darker weekend, too, with Daylight Saving Time coming to an end. Turn your clocks back an hour by 2 a.m. Sunday.
A less intense cold front will roll in for Halloween.
On Friday night, expect a few scattered showers and milder temperatures, with lows in the 70s.
Copyright Miami Herald
Thirty Years of Tropical Chinese: 'Chinese Way Is to Fill the Tummy'October 29,2014
By: Carla Torres
A five-year restaurant run in this city is quite an accomplishment. Now multiply that times six and you'll get the magic number of years Tropical Chinese has seen steamed dim sum carts roll throughout its crimson, lantern-lit interior.
The 30th anniversary came with a celebration last night that invited community members who've supported the business throughout the past three decades to revel in the successes of owner Mei Yu and her brother Gregory. Tropical Chinese was the endeavor of their parents, who migrated to Miami from Taiwan in 1984 when Mei and her brother were teenagers.
The anniversary celebration of the neighborhood Chinese restaurant was filled with four generations of dim-sum-craving gourmands who've walked through the doors and become more than just customers. They are family and friends.
'Atmosphere and friendship is number one -- after family, of course,' Mei says.
When Mei's parents opened Tropical Chinese, they didn't necessarily intend to become one of the best and most authentic Chinese restaurants in the city, let alone the nation. They didn't even speak English (and still don't all too well), but they loved food (and still do).
'They had nothing better to do, so they went for it,' says Mei, who at first was hesitant to get involved in the family business. 'I ended up coming back because to us, family is most important.'
When her brother graduated from college after studying construction, the two decided it was time to continue pushing dim sum, so they expanded the dining room to its current size. Years later, they would remodel it to include a glass-encased kitchen and updated furnishings, but the original flair of Hong Kong is still felt evident from the moment you walk in. Even so with the new mural and 20-foot bar that were unveiled last night as part of 30 years of Tropical Chinese.
The mural, which is the work of local artist Steve Saiz, is a representation of all the things that Tropical Chinese stands for. You'll find palm trees, representative of Florida's tropical climate, which inspired the restaurant's name, as well crimson lanterns, animated dim sum, pineapple, and Peking duck. You'll also see Chinese characters (those stand for family), the word 'love,' wine (because Mei loves wine), ByeJoe (the national spirit of China), and other symbols to sum up the past three decades.
A step-and-repeat encouraged families, couples, and children to stop and capture memories for the evening. It was a glamorous affair.
Food at these types of events is usually scarce, but that's not the Tropical Chinese way. 'The Chinese traditional way is that we wanna fill the tummy. If we don't do that, we didn't do a good job.' Barbecued pork buns flew off trays, and just as quickly as they went, others arrived. All. Night. Long.
Same goes for the xiaolong bao steamed buns, which were pockets of perfection.
A Tropical Chinese staple, Peking duck, was churned out via a full-on assembly line wrapping crisp skin, scallions, and cucumbers into steamed pancakes. You won't find any honey chicken at this joint, just authentic Chinese cuisine, although Mei has had to fight some battles, particularly on Yelp. 'We get comments from people saying this isn't authentic Chinese, but many people think Asian food is all Chinese or that honey chicken is Chinese,' she says. 'Honey chicken isn't a Chinese food. It's chicken and honey.'
In the back, pork was being cupped and balled into dumplings just as it was 30 years ago. 'Food hasn't changed. We've stayed true to what we are.'
Scallion pancakes with beef.
Inaugurating the new 20-foot bar in proper fashion with ByeJoe cocktails and lemon drop martinis.
Mei and one of her dearest friends look fly after 30 years of Chinese food. Asked how it feels, Mei remains humble. 'It feels amazing. Not amazing for our accomplishments, but amazing to have friends that we've shared our life with.' And about her maintaining that great physique with all of that delicious food around? Her secret is in the cuisine itself. 'Chinese food is actually very healthy. We eat a lot of vegetables, steam everything, and use mostly water- and rice-based ingredients. It's the Americanized Chinese food that adds a lot of oil and gives Chinese food a bad rep, but have you tried the real deal?'
If you haven't in the past 30 years, it's about time you did.
Copyright 2014 Miami New Times, LLC, All rights reserved.
Start Spreadinï¿½ the News? Miamiï¿½s Top Real EstatePros Assess Their City Alongside New York, London, Paris and Others in Recent Survey
October 29, 2014
Master Brokers Forum Members Consider Their Hometownï¿½s Strengths and Opportunities as Miami Joins Ranks of ï¿½World Classï¿½ Cities
A recent survey of 94 members of the Master Brokers Forum (MBF), an organization comprised of Miamiï¿½s top residential real estate agents, demonstrates resolute confidence about their hometownï¿½s global standing among other world-class cities. The survey also reveals that Miamiï¿½s strongest advantages over its competitors are its weather, real estate and pricing, and global position, according to the surveyed Master Brokers.
Conducted online in September 2014, the three-question survey queried members about when Miami will be globally considered a ï¿½world classï¿½ city (on the same tier as New York, Paris, London, etc.); the factors most likely to put Miami real estateï¿½s per-square-foot pricing on the same tier as New York; and which advantages Miami has when compared to its metro-rivals.
The major revelations of the survey are:
More than half (57%) of the Master Brokers believe Miami is already globally considered ï¿½world classï¿½, and another (nearly) 30% feel that Miami will reach that status in less than ten years. Fewer than 10% feel that consideration will come sometime between 10 and 20 years from now, and only three respondents believe Miami ï¿½will never beï¿½ considered at that level.
Nearly 75% of the members chose ï¿½dramatic growth of South Florida Economyï¿½ as the factor most likely to put Miami real estateï¿½s per-square-foot pricing on the same tier as New York. Among the other two options, ï¿½political upheaval in South Americanï¿½ was a distant second at 18%, and ï¿½prolonged trend of rough winters in the northeastï¿½ was a distant third at 7%.
When ranking Miamiï¿½s advantages over other major cities, the runaway leader was ï¿½Weatherï¿½, with a 9.46 out of 11 average ranking, followed in order by:
ï¿½Price/Quality of Real Estate (8.23)
ï¿½Global location/Proximity to major markets (7.68)
ï¿½Hospitals/Health Care (5.01)
ï¿½Public Safety/Infrastructure/Ease of Transportation (2.79)
To view an infographic for this survey, visit: https://www.masterbrokersforum.com/images/MiamiMBFSurveyInfographic.jpg
ï¿½It could be very easy to dismiss these results as arrogant and myopic, but observers should take careful notice of the wording of the first question,ï¿½ said Jeff Morr, Miami MBF chair. ï¿½We asked our members ï¿½WHEN do you believe Miami will be globally considered a world class cityï¿½ï¿½ which is different from asking them their own opinion about their hometown. Those results are indicative of Miamiï¿½s extraordinary recent progress, and perhaps an abundance of optimism for that positive trend to continue.ï¿½
ï¿½The results of question number two demonstrate a realistic understanding of a key advantage for New York,ï¿½ added Morr. ï¿½Despite Miamiï¿½s dramatic evolution as a center for trade and commerce, New York is still the financial capital of the world, and Miami has some ground to make up before our per-square-foot pricing is on the same level.ï¿½
ï¿½I believe the results of question three are the most interesting findings of the survey,ï¿½ Morr went on to add. ï¿½Master Brokers have a clear sense of the advantages presented by Miamiï¿½s celebrated weather; the diversity and quality of real estate available to residents, part-time inhabitants, and investors; our proximity to South America and the Caribbean; first-rate tourism and hotel offerings; and a wide spectrum of dining and entertainment options. It should be noted that we have also seen wonderful advances in Miamiï¿½s infrastructure, schools and cultural offerings in recent years, so I would not be surprised to see those aspects become great advantages in the years to come.ï¿½
[NOTE TO MEDIA: INFOGRAPHIC ATTACHED. For a complete review of the surveyï¿½s results, please contact Jason Rayman at jrayman(at)jrayman.com or 786-473-0992.]
ABOUT THE MASTER BROKERS FORUM
Established in 1993, the Master Brokers Forum is a unique organization comprised of South Florida's top residential real estate professionals. The MBF provides its members with the opportunity to network and exchange ideas, stay at the cutting edge of the real estate industry and new products, and spearhead the identity of the best of real estate professionalism. Membership is limited to the region's most successful real estate professionals, and is by invitation only. For more information, visit https://www.masterbrokersforum.com.
Copyright 1997-2014, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Billionaire investor plans upgrades for Miami boatyardOctober 26, 2014
By: Martha Branningan
John Spencer still remembers that day just before Christmas in 2009, in the depths of the economic downturn, when Merrill-Stevens Dry Dock Co. sent workers home and suspended operations.
ï¿½After it closed, I went home and said, ï¿½Now what the hell am I going to do?ï¿½ï¿½ said Spencer, 59, who at the time was a yard superintendent at the historic boatyard on the Miami River.
So Spencer stepped up.
He raided his retirement nest egg and leased the facility from the owner, reopening for business six weeks later. Initially the yard brought back 10 workers, about 20 percent of the staff, but as much as the work could support.
ï¿½I had one boat to paint, so I said, ï¿½Well, letï¿½s paint a boat.ï¿½ Pretty soon, there was another one,ï¿½ Spencer said. ï¿½That was the depths of what they call the Great Recession.ï¿½
But all that seems so long ago now.
Fast forward to November 2013: Turkish billionaire industrialist and philanthropist Rahmi M. Koï¿½ acquired the boatyard in cooperation with Spencer, who became the CEO and a minority partner at the business, which is reflagged RMK Merrill-Stevens.
With the marine industry showing slow, steady signs of recovering over the past two years after a dramatic plunge during the recession, Spencer said: ï¿½Weï¿½ve got a full order book for the fall, and weï¿½re starting to take work for 2015.ï¿½ The company now has 30 employees.
The new owners are weighing ambitious plans to modernize and upgrade the six-acre facility, whose history dates to 1923 in Miami, and even farther back to its founding in Jacksonville in 1885 by James Merrill and Alonzo Stevens.
ï¿½Thanks to John, we are working to bring back its old glory and prestige,ï¿½ Koï¿½ said on a recent visit to Miami, where he keeps a vacation home.
The latest push to reinvigorate the aging boatyard stands out at a time when many sites along the Miami River have given way to condominium projects. With waterfront land in scarce supply, even at record prices, the river is drawing intense interest from residential developers.
The boatyard already works on megayachts of up to 250 feet in length in the water and and vessels more than 170 feet long out of the water.
Over the years, it has serviced yachts for a host of celebrities, including Malcolm Forbes, Ivana Trump, Nicholas Cage and Johnny Depp.
With yachts growing ever larger, a key goal of the modernization will be making room to accommodate larger vessels. One challenge is the narrow width of the river, but special ship-lifting equipment could help maximize the yardï¿½s flexibility. ï¿½We want to be able to handle any boat that can navigate the river,ï¿½ Spencer said.
ï¿½The yacht industry is coming back and people want bigger and newer yachts,ï¿½ Koï¿½ said.
The boatyard has fallen into loving hands after a tumultuous decade in which it changed ownership several times. In 2004, the Merrill family sold the facility to Hugh Westbrook, a former healthcare entrepreneur, whose big plans for a megayacht operation were dashed during the economic downturn. Thatï¿½s when Spencer began leasing it from Westbrook, his old boss, and operating Spencer Boat Company.
Spencer continued to lease it after Coconut Grove Bank took over the facility in 2011 and searched for a buyer, and he stuck with it after David Marlow, chairman of Marlow Yachts of Palmetto, bought it from the bank.
Koï¿½ ï¿½ an avid yachtsman with a passion for boats ï¿½ first became interested in the boatyard when the bank still owned it.
Koï¿½, who spends several weeks a year in Miami, said a friend, Finlay B. Matheson, was taking him to lunch on the Miami River and pointed out the boatyard, saying the distressed property, which straddles both sides of the river, had been taken over by Coconut Grove Bank, which was looking for a buyer. ï¿½He asked if I would be interested, and I said I was,ï¿½ Koï¿½ said.
The family-controlled Koï¿½ Holding, a diversified industrial giant based in Istanbul, owns RMK Marine, a much larger shipyard that makes megayachts and naval and commercial vessels. Koï¿½ spent more than two years ï¿½ September 2004 to July 2006 ï¿½ sailing around the world in Nazenin IV, a 124-foot sailing yacht that was custom built for him at RMK Marineï¿½s shipyard.
But before Koï¿½ could act, boating entrepreneur Marlow, whose company manufactures yachts in China and elsewhere, purchased the real estate, equipment and name from Coconut Grove Bank for $6.6 million in June 2011.
While Koï¿½ was looking at the yard, he and Spencer became friends, and they kept in touch.
In 2011, Spencer visited Koï¿½ in Turkey. He was considering working for Koï¿½ï¿½s shipyard there, but he decided against it. Still, the men continued kicking around ideas for teaming up on a boatyard in Miami.
They looked at several facilities in the Miami area. Merrill-Stevens kept coming back as their top choice, even though it wasnï¿½t for sale. Marlow, who didnï¿½t return phone calls seeking comment, was in the process of making improvements and reorganizing the facility, according to Spencer.
ï¿½Itï¿½s not easy buying something from someone who doesnï¿½t want to sell,ï¿½ Koï¿½ said.
But Koï¿½ prevailed, and in November 2013, he paid Marlow $7.7 million for the real estate and an additional sum for the business.
While Koï¿½ loves boats, he said any decisions for upgrades at RMK Merrill-Stevens will be driven by financial considerations.
ï¿½I didnï¿½t buy it for charity: We must make money,ï¿½ Koï¿½ said. ï¿½Thatï¿½s why weï¿½re investing ï¿½ to have the full benefit of the land and property.ï¿½
Improvements would be concentrated on the boatyardï¿½s facilities on the north side of the river.
One challenge is the narrowness of the river. RMK Merrill-Stevens is considering installing new equipment ï¿½ either a larger travel lift or synchrolift ï¿½ for hauling bigger yachts out of the water. That could entail relocating the boat-lifting capabilities to a different area, Spencer said.
ï¿½Weï¿½re doing engineering and cost-benefit analysis right now,ï¿½ said Spencer, who has worked around boats much of his life.
Spencer, a Wisconsin native who grew up near Lake Superior, came to Florida to work as a boat captain. ï¿½I thought Iï¿½d stay one winter,ï¿½ he said. ï¿½That was 1983.ï¿½
Although Miami-Dadeï¿½s marine industry has dwindled in recent decades, overshadowed by operations in Broward and Palm Beach counties, Koï¿½ and Spencer see signs it will make a comeback ï¿½ with the Miami River playing a vital role.
Among other things, preliminary work has begun on a megayacht marina and resort at Watson Island in Biscayne Bay. While those plans were delayed for years ï¿½ and now face a court challenge by nearby Venetian Islands residents ï¿½ such a facility would draw larger yachts that currently have limited options for docking in Miami.
ï¿½The more activity here [and] the more that Miami is seen as a yachting destination, the better that is,ï¿½ Spencer said. ï¿½The more yachts that come here, the better that is for this economy.ï¿½
Koï¿½ said the expansion of the Panama Canal and Miamiï¿½s emergence as a magnet for international wealth bode well for the future of its marine business. ï¿½Miami is going to be a big yachting center and cruising center,ï¿½ he said.
Along the Miami River, plans are in the works for a megayacht marina at 1583 NW 24th Ave., the location of Brisas Del Rio Marina. The project would include 14 private, enclosed wet berths for megayachts of 150 to 250 feet with storage and living facilities for the captain and crew overlooking the water.
Plans call for selling individual berths as condominium units, said spokesman Frank Leon, who expects details of the project to be unveiled at the Fort Lauderdale International Boat Show set for Oct. 30-Nov. 3.
ï¿½Merrill-Stevens is very excited [about the marina plans], and weï¿½re very excited with Merrill-Stevensï¿½ plans,ï¿½ Leon said. ï¿½Itï¿½s complementary.ï¿½
Besides boat maintenance and repair, the Merrill-Stevens facility provides a U.S. beachhead to market custom yachts made by RMK Marine, the Turkish shipmaker that is part of Koï¿½ Holding.
Koï¿½ and Spencer see an opportunity to sell new megayachts from RMK Marine at their Miami facility.
As a complement to its refitting and repair business, RMK Merrill-Stevens is launching a yacht brokerage operation ï¿½ a line of business it had discontinued in 2008.
In June, RMK Merrill-Stevens signed a licensing agreement under which Paul Madden, a veteran yacht broker, is reviving the companyï¿½s brokerage brand. Madden, who had worked as a shipyard representative at CRN Yachts and Blohm+Voss, is marketing, among other things, RMK Marine custom yachts and Benetti yachts.
Merrill-Stevens officials see marketing advantages in offering buyers delivery of the new vessels in Miami along with a U.S.-based service center.
ï¿½American buyers like to have warranty and service locally,ï¿½ Madden said.
Madden plans to invite boaters at the Fort Lauderdale show to visit the Miami boatyard and to promote it during the Miami International Boat Show in February.
ï¿½With Merrill-Stevens, I feel hereï¿½s a brand that can really be built ï¿½ or rebuilt ï¿½ into something great,ï¿½ Madden said.
Copyright 2014 Miami Herald
Renderings revealedMiami Beach Convention Center's new look
Click on the link below to view photos
Legendary Comedian & Actor, The Great One
Jackie Gleason, Live From Miami Beach 1965
Courtesy of Alvin Lederer
SplitsvillePhoto Courtesy of Lee Smith
BIG BUS TOURS DOWNTOWN MIAMI AREAThis sightseeing tour of Miami has been specifically designed to show the best that Miami has to offer. Guests can enjoy it all from the comfort and great vantage point of the open-top buses, or hop off wherever they want to explore the places that intrigue them most before hopping back on to continue their journey. See all the most thrilling and attractive areas such as South Beach, Downtown Miami, Coral Gables, Coconut Grove, Little Havana and more. See iconic buildings and monuments like the Freedom Tower, Vizcaya Museum and the Versace Mansion, not to mention the sleek shapes and vibrant colors of the Art Deco District. The hop-on, hop-off facility is a great benefit that enables guests to explore all the sights at their leisure. There are 20 locations where guests can get off the bus to visit attractions and monuments or explore places of interest. This facility gives guests the freedom to plan their own itineraries, visit the places that interest them and to explore for as little or as long as they would like. They can leave and return to the open-top buses as many times as they want within the validity period of their tickets.
Must purchase ticket on their website https://eng.bigbustours.com/miami/home.html
using code: CVBMAM50 to receive 50% off adult and child addmission during October 1-31, 2014
Copyright 2014 Official website Greater Miami Convention & Visitors Bureau. All rights reserved.
Tensions over public money for SkyRise are sky highOctober 22, 2014
By: Douglas Hank & David Smiley
Designed to soar 1,000 feet up into the clouds over Biscayne Bay, SkyRise Miami has been billed as the Magic Cityï¿½s $430 million version of the Eiffel Tower. But a renewed push for millions in public subsidies is beginning to make the voter-approved project more a lightning rod.
Developer Jeff Berkowitzï¿½s quest for tax-backed funds plunged his project last week into a sticky political web. The imbroglio ï¿½ centered around a summer campaign that emphasized the lack of public funding for the tower ï¿½ has pitted politician against politician, and Berkowitz against Miami Mayor Tomï¿½s Regalado, who has gone from campaign spokesman to outspoken critic.
Tensions grew Wednesday after the mayor canceled a meeting with Berkowitz at City Hall, saying they had nothing to talk about. Berkowitz responded by demanding a public apology.
ï¿½My reputation for integrity and credibility is being widely [but without justification] challenged and I believe I deserve a public acknowledgment from you that I never misled you or the voters about anything,ï¿½ Berkowitz wrote in a letter he distributed to the media.
Regalado fired back: ï¿½The way to resolve this is for him to pull his request and find the money from the private sector.ï¿½
The barbs began last week after Miami-Dade Mayor Carlos Gimenez suddenly threw his support behind a SkyRise application to receive money from a $75 million pot of economic-development dollars funded through property taxes. The move was a change in course for Gimenez, who had previously endorsed smaller projects and placed a SkyRise application on the back-burner while awaiting the results of an August referendum that determined whether Berkowitz could build his tower.
Over the summer, Miami voters overwhelmingly approved the project, pitched as part of a new city lease agreement with Bayside Marketplace that included renovations to the old retail center on the bay in downtown. In the deal, Miami was to receive a $10 million payment plus millions more over the course of Baysideï¿½s long-term lease.
SkyRise, a hairpin shaped structure with theme park-style rides and an amphitheater on a spit of land behind the retail center, was the dealï¿½s showstopper.
Berkowitz has made bold projections. He said 3.2 million visitors would come each year, and SkyRise would have an annual economic impact of more than $1 billion.
But, perhaps infamously, Berkowitz also pledged repeatedly that SkyRise would be built at no cost to the city of Miami, a promise that would become a focal point of the campaign to court Miami voters.
Berkowitz maintains that commitment holds true, saying the city pays nothing and county money would pay for public infrastructure such as a baywalk, marina and parking garage around SkyRise. But if he gets the funds heï¿½s seeking, it would push up property taxes. Miami property owners, then, would help fund a small part of Berkowitzï¿½s project.
Regalado, who in one radio spot to ï¿½Miami votersï¿½ during the summer campaign flatly stated that ï¿½taxpayers win without putting in a cent,ï¿½ says he was caught off-guard by Gimenezï¿½s request for public funds for SkyRise. He called on Gimenez and Berkowitz to withdraw the application last week, saying it flew in the face of what Miami voters were sold.
The spat is problematic for both men. Berkowitz informed the city administration in an April letter about his application for county funds, but did not make it explicit to Regalado during the campaign that he was indeed seeking money that could increase property taxes for Miami taxpayers.
Regalado says he was ignorant about a detail that now appears crucial to a significant project and referendum in the city he leads. Regalado says his administration never informed him of SkyRiseï¿½s application for a county grant, and denies responsibility for being in the dark.
ï¿½It doesnï¿½t fall on me because I didnï¿½t know the letter existed,ï¿½ Regalado said.
Berkowitz first went public with SkyRise about a year ago, after submitting initial plans to the city to begin the approval process. In February, he filed an application with the county for $15 million in economic development funds. He also unsuccessfully sought millions in state funds, which he says heï¿½ll pursue again next year.
In April, Berkowitz explained the funding sources for the $430 million project in a letter to Miami Deputy City Manager Alice Bravo. His team wrote that $30 million would come from Berkowitz, up to $110 million from other investors, and $270 million from foreign investors seeking visas through the federal governmentï¿½s EB5 program. And he also said he was seeking up to $20 million in public funds, including money he had requested from the county, to pay for infrastructure work.
In May, the city commission approved the referendum language, and in June they approved key lease agreements to allow Berkowitz to build with votersï¿½ consent, kicking off a campaign that ended with 68 percent of the voters approving the SkyRise deal.
The campaign included ads funded in part with $125,000 in SkyRise money. Some of the dollars paid for the radio ad featuring Regaladoï¿½s statements about public funding.
The mayor now believes the developerï¿½s quest for county funds was overlooked in his discussions with Miamiï¿½s administration amid a heavy focus on how the deal affected the city of Miami. But Berkowitz on Wednesday chided Regalado for faulting others for the mayorï¿½s ignorance.
ï¿½I am sorry that your administration did not share that information with you, leaving you uninformed, but that is your issue, not mine,ï¿½ Berkowitz wrote. ï¿½I was upfront, transparent and forthcoming.ï¿½
As the dispute lingers on, it throws into question Berkowitzï¿½s chances of securing the $9 million in county funds, which would no doubt help him court other investors. Several county commissioners have come out in opposition to the SkyRise application, and Berkowitz has said heï¿½s unsure what will happen with the proceedings.
The debate over the SkyRise campaign has also tacitly pitted Regalado against Gimenez. Regalado says that giving the developer public money would be somewhat of a bait-and-switch. But Gimenez spokesman Mike Hernï¿½ndez said the project is the type that voters envisioned when they backed the economic development funds 10 years ago.
ï¿½Miami-Dade voters knew what they voted for in 2004,ï¿½ Hernï¿½ndez said. ï¿½Youï¿½re talking about a very small sum of money for a very large economic impact in a county that could use additional jobs.ï¿½
Copyright 2014 Miami Herald
QRM Mortgage Rule Could Ease Credit for ConsumersOctober 21, 2014
By: Robert Freedman
No minimum down payment, as NAR sought
The mortgage financing environment for households could improve as a result of a rule federal regulators are releasing starting today. The Federal Deposit Insurance Corporation is the first of six financial regulators to release the final version of the long-awaited qualified residential mortgage (QRM) rule, which stems from the big 2010 banking reform bill the federal government enacted after the financial crisis.
The QRM rule provides a set of requirements a loan must meet to be considered a safe loan and eligible to be sold to investors as part of a mortgage-backed security without the lender having to retain 5 percent of the loan amount on its books. Because the QRM loan comes without the risk-retention requirement, lenders should be able to make more loans and also make them more cheaply, because they don't have to pass along that risk-retention cost to borrowers.
NAR has been vocal for several years that the QRM rule should be broad rather than prescriptive and that it should match up with the qualified mortgage (QM) rule, which took effect at the beginning of this year, and the QRM rule does in fact do that. The QM rule provides ability-to-repay standards for safe and affordable loans, whether or not they're securitized for sale to investors.
'NAR applauds the Federal Deposit Insurance Corporation for finalizing the Qualified Residential Mortgage rule today, which includes a broad definition of QRM and aligns with the Qualified Mortgage standard implemented earlier this year,' NAR President Steve Brown says.
Under the QRM rule, as under the QM rule, loans are generally considered qualified if the borrower's debt-to-income ratio is 43 percent, among other things. There is no onerous down payment requirement, which regulators had talked about including and which NAR and coalition partners strongly opposed.
'Importantly, the final rule relies on sound and responsible underwriting rather than on an onerous down payment requirement to qualify as a QRM loan,' Brown says. 'NAR strongly opposed earlier versions of the rule that included 20 and 30 percent down payment requirements, which would have denied millions of Americans access to the lowest cost and safest mortgages.'
The rule takes effect in 12 months. That will give lenders time to align their internal processing systems with the requirements. Since lenders have already been aligning their systems to the QM rule, the process can be expected to go smoothly.
For lenders, having the two rules in alignment provides clarity that they've long been asking for. One result of this new clarity could be a widening and deepening of loan availability, which has been one of the main stumbling blocks to increased home sales. At a press conference today, NAR Chief Economist Lawrence Yun said the alignment of the two rules could help make credit more available and boost sales.
'Certainly this is a victory for consumers,' Yun says.
Learn more about the rule:
QRM and risk retention.
2014 Copyright. All Rights Reserved. National Association of REALTORS
Coconut Grove manse is Miamiï¿½s priciest home listingOctober 17, 2014
Owner of La Brisa wants $65M for waterfront property that dates back to 1880s
With a $65 million asking price, a Coconut Grove mansion is the most expensive home on the market in Miami-Dade County. The owner of La Brisa, a nine-bedroom, nearly 14,000-square-foot estate on 6.9 waterfront acres, brought in William P.D. Pierce of Coldwell Banker Residential Real Estate to market the property, according to the firmï¿½s written announcement. The gated and Mediterranean-style La Brisa was originally constructed during the 1920s and recently went through a restoration. The mansion sits atop an ancient coral reef about 23 feet above sea level. Features include 3,338 square feet of outdoor living space with several balconies and covered porches and a private port that can accommodate a 70-foot yacht. La Brisaï¿½s history dates back to 1886, when the land was deeded to childrenï¿½s novelist Kirk Munroe. ï¿½This is an extremely rare opportunity to purchase not just part of Miamiï¿½s colorful history, but to own [a] spectacular Hammock that rivals a private reserve in the heart of Miamiï¿½s famed Coconut Grove neighborhood,ï¿½ said Pierce, who is also marketing a Hillsboro Beach mansion for $139 million. That listing is believed to be the most expensive in the U.S. - Eric Kalis
All rights reserved Copyright 2014 The Real Deal
Miami art collector unveils plans for Latin American art museumOctober 15, 2014
By: Kathryn Varyn
Gary Nader has always felt Miamiï¿½s art and culture network was missing something: a museum dedicated to showcasing Latin American media.
So he decided to create his own.
Nader, a local art collector with a gallery in Wynwood, revealed plans this week to build a Latin American Art Museum at a still-to-be-determined location in downtown Miami. The museum, he said, will feature about 600 paintings, drawings and sculptures from his personal collection.
ï¿½The influence of Latin America in the U.S. is extremely prominent,ï¿½ he said. ï¿½We want to tell the story.ï¿½
The 90,000-square-foot museum, expected to open in early 2016, will feature exhibits showcasing a variety of modern and contemporary media, including visual art, couture fashion, film and music. Outside, Nader will display about 25 sculptures in what he has called a ï¿½cultural park.ï¿½
The first year of programming will feature a retrospective of works by Fernando Botero and a Brazilian art exhibit, along with individual shows of works by Latin American masters Roberto Matta, Wifredo Lam, Frida Kahlo and her husband, Diego Rivera.
To design the museum, Nader engaged Mexican architect Fernando Romero, known for his metallic, lopsided cylindrical design of the Soumaya Museum in Mexico City. Nader estimated the cost of the museum at about $50 million.
To help pay for it, Nader plans to build a 300-unit, $300 million residential tower on the same property, where units will be priced between $2 million and $20 million. Nader said he is working with three potential sites on Biscayne Boulevard, and negotiating with three potential partners to develop and construct the project.
The museumï¿½s potential is heightened by Miamiï¿½s reputation as a ï¿½hotbedï¿½ for cultural institutions, said Dennis Scholl, the Knight Foundationï¿½s vice president of arts. But that success will depend on the museumï¿½s programming, he said.
ï¿½Any institution needs to have the highest quality artistic programming and needs to reach out to everybody in the community in order to introduce them to the work that theyï¿½re going to be showing,ï¿½ Scholl said. Naderï¿½s long standing as a collector and dealer of Latin American art gives Scholl confidence in the project, he said.
Michael Spring, Miami-Dade Countyï¿½s cultural affairs director, voiced a similar faith in Naderï¿½s knowledge and business savvy, drawing comparisons to other privately owned museums in the county, such as the de la Cruz Collection in the Design District and the Margulies Collection at the Warehouse in Wynwood.
ï¿½The force and determination of these people and their vision has given us an amazing array for opportunities for people to enjoy the arts,ï¿½ Spring said. ï¿½Iï¿½m glad Garyï¿½s moving ahead with it.ï¿½
During Art Basel and through January, Nader will display the rendering and a model of the museum at his gallery, 62 NE 27th St. Guests can also see a preview of some of the Latin American art in Nader's collection on the second floor of his gallery until the museum opens in 2016.
We're not building a museum, then a collection, he said. We're building a museum around a collection that already exists.
Copyright Miami Herald
Proposed museum building splashy even for MiamiOctober 11, 2014
By: Andres Viglucci & Hannah Sampson
A celebrated, wealthy investment manager wants to erect a strikingly unconventional building ï¿½ shaped like an anvil, raised on a platform and encased in translucent concrete ï¿½ on Biscayne Boulevard to house his offices and a pair of monumental works by two art-world legends.
The proposed building, designed by Miamiï¿½s Arquitectonica, would be the latest ï¿½ and surely the splashiest ï¿½ in a series of private museums established by art collectors in Miami to show their holdings to the public.
But the nearly windowless structure, plans for which were recently submitted to the city, have been met with initial consternation by zoning reviewers. City planners say theyï¿½re having trouble at first blush reconciling it with the Miami 21 zoning code, which does not anticipate a building like it, though they say it could pass muster with variances and modifications. One concern: whether the sculptural monolith might be too ï¿½offputtingï¿½ï¿½ a presence on the cityï¿½s resurgent main drag.
Like some ancient ark for art, the buildingï¿½s shape and dimensions were precisely tailored to display two highly engineered works ï¿½ a tall conical installation by light artist James Turrell that was a blockbuster when exhibited last year at New Yorkï¿½s Guggenheim Museum, and an undulating, 200-foot-long steel piece by sculptor Richard Serra last shown in Qatar.
Both works were acquired for the site, a vacant block at Biscayne and Northeast 26th Street in the Edgewater neighborhood, by Bruce Berkowitz, founder of Miami-based Fairholme Capital Management. Berkowitz, dubbed ï¿½the megamind of Miamiï¿½ by Fortune magazine for his market-beating proficiency at contrarian investing, has been quietly assembling land since last year to build a new headquarters for his company and foundation that would also incorporate a public showcase for art.
Berkowitz said he chose Edgewater because of the National YoungArts Foundationï¿½s move in 2012 into the historically and architecturally iconic former Bacardi headquarters five blocks to the south on Biscayne Boulevard. He had been contemplating the idea of a building that could combine his business and art interests in one location when he found out ï¿½by accidentï¿½ that the Turrell and Serra works were available, Berkowitz said.
ï¿½We wanted to create a unique space that combined both work and play ï¿½ business and arts and education,ï¿½ Berkowitz said. ï¿½We thought about the idea of how to mix that all together, and there was an opportunity to purchase the works, and then we started to think about the building in relationship to the works.ï¿½
Paul Lehr, president and CEO of YoungArts, said he met with members of Fairholmeï¿½s team as they were searching for a site and has been filled in on the plans for the building. The YoungArts campus will include a Frank Gehry-designed performing arts center.
ï¿½I think itï¿½s thrilling. Itï¿½s great for the neighborhood to have that kind of art right down the street,ï¿½ Lehr said. ï¿½Itï¿½s always wonderful to have new development around, but when youï¿½ve got pieces of artwork like this building is going to have, it really enhances the neighborhood.ï¿½
The Fairholme buildingï¿½s unusual design and prominent location, though, seem sure to spur a lively public debate. When renderings were posted on the exMiami.com website recently, one commenter called it ï¿½awfulï¿½ and another compared it to the Jawa Sandcrawler in Star Wars. But others embraced it just as forcefully: ï¿½YES YES YES! I love it!ï¿½ went one fan. ï¿½Bravo!ï¿½ went another.
Both Turrell and Serra have been closely involved in the buildingï¿½s design, portions of which were drawn to their specifications, Berkowitz and Arquitectonica co-principal Bernardo Fort-Brescia said. Turrell has designed a second work for the site that would light up the exterior lip of the building platform at sidewalk level, Fort-Brescia said.
(Bruce Berkowitz is not to be confused with the unrelated real estate developer Jeff Berkowitz, for whom Arquitectonica has designed another unique structure, the SkyRise observation tower that would rise 1,000 feet behind Bayside Marketplace.)
The Fairholme building design began taking on its unorthodox form and materials because Berkowitz, who is known for going against the crowd in his investment strategy, didnï¿½t want anything like ï¿½the typical Miami glass tower,ï¿½ Fort-Brescia said.
They settled on a concrete exterior in part because Berkowitz likes the material, said Fort-Brescia and his architect son, Raymond Fort, who is in charge of the project for the firm. But they turned to a new type of concrete embedded with glass fiber optics that renders the material translucent and softens the buildingï¿½s appearance. At night, they said, the building should glow as light from the interior filters out through the concrete.
Another reason for concrete: It best sets off Passage of Time, the work by Serra, who did not want it sitting against glass, Fort-Brescia said.
The building would rise from a platform elevated 111/2 over sidewalk level, in part because of federal flood requirements, Fort-Brescia said. A single level of parking would sit below the platform, fully underground, he said.
Though it would have just five floors ï¿½ two for the public gallery, and three office levels above ï¿½ the building would be 100 feet tall, or roughly 10 stories, to accommodate Turrellï¿½s Aten Reign. Originally conceived for the contours of Frank Lloyd Wrightï¿½s famed spiral rotunda at the Guggenheim, the sculpture ï¿½ with the widest part of the cone at the top ï¿½ also inspired the Fairholme buildingï¿½s shape, which gets wider as it rises, Fort-Brescia said.
Aten Reignï¿½s series of concentric color-shifting light ovals requires natural light filtering from above. At New Yorkï¿½s Guggenheim, that light came through an ï¿½oculus,ï¿½ or circular skylight. At the prism-like Fairholme building, an expansive skylight in the wide roof could catch sunlight and, with the use of shades, soften and guide it down through the Turrell sculpture and throughout the buildingï¿½s atrium-like interior, Fort-Brescia said.
Turrell, who carefully positions his worksï¿½ displays, wants visitors to enter the light cone from below. At the Guggenheim, people lined up outside for hours to lie on the floor and gaze up into the ethereal light effects. At the Fairholme building, visitors would walk up a ramp and then down under the sculpture to fulfill Turrellï¿½s vision, Fort-Brescia said. At the top of the sculpture would be a ï¿½sky roomï¿½ in which viewers can look down through the sculpture, a feature the Guggenheim could not fit in.
ï¿½It will be incredible, mystical,ï¿½ Fort-Brescia said. ï¿½This building perfects the sequence of arrival at the piece. Itï¿½s amazing that Miamiï¿½s getting the piece.ï¿½
When Aten Reign opened at the Guggenheim last year, The New York Timesï¿½ critic called the sculpture ï¿½ravishingï¿½ and described it as ï¿½an immense, elliptical, nearly hallucinatory play of light and color.ï¿½
ï¿½I couldnï¿½t believe how people were waiting for hours in line to just lie down on the floor and look at this piece,ï¿½ Berkowitz said. ï¿½It affects your mood and the way you look at things.ï¿½
The Serra sculpture, long twinned waves of Cor-Ten steel that oxidizes naturally to a rusty patina, would run along the buildingï¿½s south side on 26th Street. It would be raised on a plaza above sidewalk level and sit behind a shallow reflecting pool so that visitors could walk through and around the piece, Fort-Brescia said.
The buildingï¿½s main entrance would be tucked behind the Serra piece. Above it, one of the buildingï¿½s few windows ï¿½ a band of glass that stretches along the entire 260-foot length of the southern faï¿½ade without a single mullion or column to interrupt it ï¿½ is angled down precisely to allow a full view of the Serra sculpture on the plaza below it. The glazing would be super-clear, low-iron glass, Fort-Brescia said.
The platform is one of the elements troubling city planners, who are concerned it could isolate the building from streets and sidewalks they have been working to make pedestrian-friendly. But it is critical for display and protection of the Serra sculpture, restricting access and placing it beyond the reach of street vandals, Fort-Brescia said.
Fort-Brescia noted historic and architectural antecedents on the boulevard for putting a building on a raised platform, including the Bacardi complex, in which a tower and a boxy companion on a short pedestal behind it sit on a broad, raised plaza. Like the Fairholme design, the Bacardi buildings also blend sculpture and art with the architecture, he said.
But the Fairholme building design presents a quandary for the cityï¿½s reviewers, who must ensure itï¿½s compatible with Miami 21, concedes city planning and zoning director Francisco Garcia. The code is designed to promote active, pedestrian-friendly sidewalk life by requiring that commercial and residential buildings have lots of glass and doorways at ground level along important streets like Biscayne Boulevard.
Reviewers initially balked, Garcia said, acknowledging that the code was written to foster ï¿½cohesive background buildingsï¿½ and not ï¿½one-offï¿½ï¿½ buildings like Fairholmeï¿½s. After meeting with Fort-Brescia, Garcia said he believes there might be ways to allow it, but the trick will be to do so ï¿½without a complete subversion of Miami 21.ï¿½
Garcia said he and his staff are taking a close look at the plans to determine what design changes or variances might be needed.
ï¿½Itï¿½s not your average, run-of-the-mill building,ï¿½ Garcia said. ï¿½Itï¿½s certainly a building of a type that would be hard for any code to provide for. I would describe it to you as a work in progress.
ï¿½Does it have to do it like every other building? Not necessarily. But it should not be off-putting. It should engage the pedestrian realm in some meaningful way.ï¿½
One idea, he said, is to approach analysis of the building as a sculpture, and the platform below it as the plinth or base on which itï¿½s displayed.
ï¿½When you get down to the details and the fine-grain design approach, there are a number of possibilities that in the end could result in a truly, truly remarkable building,ï¿½ Garcia said. ï¿½I really think it could be a good addition to the Biscayne Boulevard menagerie.ï¿½
One problem, Fort-Brescia said, is that the code contains restrictions to regulate ordinary commercial or residential buildings, like sharply limiting floor heights, so that they follow a consistent urban form. ï¿½But everythingï¿½s not a condo,ï¿½ he said.
Berkowitz said he is ï¿½just waitingï¿½ to hear back from the city. ï¿½Thereï¿½s still a lot of ï¿½to be determined,ï¿½ï¿½ he said. ï¿½Itï¿½s a very fluid situation.ï¿½
In the meantime, the Serra sculpture ï¿½ fabricated in Germany, last exhibited in Qatar and then dismantled into eight giant sections ï¿½ was shipped from Doha on a freighter to Jacksonville, where it will be stored until itï¿½s ready for the trip south. Each section of the sculpture, whose total weight is reported to be 600,000 pounds, will be barged to Miami individually.
The Turrell is in storage in New Jersey.
If it all comes together, Berkowitz hopes to open in 2017.
Art world observers say it would be a welcome addition to the cityï¿½s roster of private museums, known in the art world as ï¿½the Miami model.ï¿½
Two, those of developer Martin Margulies and the Rubell family, consist of converted warehouses in Wynwood, not far from Berkowitzï¿½s site. Art patron Ella Fontanals-Cisnerosï¿½ CIFO Art Space is also in a redesigned warehouse on the edge of downtown Miami. Another, belonging to Carlos and Rosa de la Cruz, is a purpose-built, elegantly minimalist three-story building by architect John Marquette in the Design District.
ï¿½I donï¿½t think that all art has to be in a museum setting,ï¿½ said Dennis Scholl, vice president of arts for the John S. and James L. Knight Foundation and an art collector. ï¿½So the idea that Fairholme Capital would create a headquarters that has what really looks like world-class sculptures, and make that available to the public, is truly only an enhancing concept for Miami,ï¿½ Scholl said.
Copyright 2014 Miami Herald
Miami World Center plans poised for crucial voteOctober 8, 2014
By: David Smiley
The developer pushing to break ground in downtown Miami this year on a privately financed convention center topped by an 1,800-room hotel could clear a major hurdle Thursday.
MDM Developmentï¿½s $600 million Marriott Marquis Miami World Center is going before the Miami City Commission, which will weigh crucial zoning exemptions that the developer needs to pursue its plans on the site of the old Miami Arena at 700 N. Miami Ave.
Designed by Nichols Brosch Wurst Wolfe & Associates, the complex includes a curved, three-level convention center with 350,000 square feet of exhibition space, including a ballroom, junior ballroom, and a ground-floor hall the developer says is large and tall enough to fit a Boeing 747 inside.
On top, thereï¿½s a pool and event deck. And on the back end, a 1,250-car garage. A hotel built atop the convention hall juts into the sky in four tiered, glass-facade columns like fingers on a hand, the tallest of which stands at 54 stories.
ï¿½This is a pretty unique development in and of itself, under any code,ï¿½ said MDM attorney Tony Recio.
With exhibition space crucial, the project is designed so that the convention center takes up most the 4.7 acres of the parcel, beyond what is allowed by Miami code. And because plans space structural columns out wide to create a large and uninhibited exhibition hall, attorneys representing MDM say the hotel has to be located and massed on a specific portion of the pedestalï¿½s roof in a way that isnï¿½t allowed by code.
Should commissioners approve the exemptions Thursday, MDM can begin seeking building permits for the project, which is in the heart of a Park West neighborhood awaiting an overhaul. To the east, the developers of the Miami Worldcenter, with whom MDM has a contract to purchase the arena site, say theyï¿½re progressing toward construction of a massive mixed-use development. To the west, All Aboard Florida is planning the MiamiCentral station along the FEC tracks.
ï¿½What weï¿½re talking about is a wholesale redevelopment of that entire 30-acre area,ï¿½ Miami Planning Director Francisco Garcia said of the Worldcenter and expo projects, which at one point were joined together as one project.
Downtown business boosters say the expo center is crucial to the rapidly expanding downtown area. Years ago, the Downtown Development Authority commissioned a study of the benefits of a convention center, and approved a master plan that included a center.
ï¿½This is the right thing to do at the right place and nowï¿½s a good time to be doing it,ï¿½ said DDA vice chairman Neisen Kasdin.
The expo center project is moving forward as Miami Beach continues to push an expansion of its own convention center, which has acted as a regional meeting space for decades.
Years ago, downtownï¿½s plans caused friction with Beach officials, who worried it would eat into their business. But as planned, the downtown expo centerï¿½s convention space is smaller than the Beachï¿½s 500,000 square feet. The cityï¿½s mayor, Philip Levine, said MDM will only create more options for the greater Miami area.
ï¿½This,ï¿½ he said, ï¿½is a fabulous complement to us.ï¿½
Copyright 2014 Miami Herald
Coconut Grove Seafood FestivalOctober 19
2820 McFarlane Road Coconut Grove, FL
Promotional Event Description
The Coconut Grove Seafood Festival is all about celebrating seafood, waterfront living and giving people their fill of the freshest, tastiest delicacies of the sea. Bushels of shrimp, oysters, crawfish, lobster, clams and fresh fish will soon overflow at the quaint neighborhood of Coconut Grove, just in time for the opening of stone crab season in October.
Thereï¿½s no better place to savor a multitude of seafood prepared in a variety of ways including Caribbean with its Bahamian cracked conch and Jamaican Jerk grilled fish, Latin American offering paella and Peruvian ceviche, Cajun with its gumbo, jambalaya and crawfish ï¿½touffï¿½e, North Eastern offering traditional chowders, lobster rolls and clam boils, Asian with the always satisfying sushi and sashimi and, last but not least, Florida seafood with its world-famous stone crab, lobster and fresh fish. In addition, people can head over to the 'Grove Wharf' - a farmerï¿½s market meets seafood - where experts will be on hand to help them select the right items to purchase and take home.
Copyright 2014 Miami New Times, LLC, All rights reserved.
New renderings for Park Grove are outOctober 8, 2014
Plans call for three towers, and 284 condos
The latest renderings are out for Park Grove, a luxury condo project in Coconut Grove designed by starchitect Rem Koolhaas.
The towersï¿½ shapes were inspired by Biscayne Bayï¿½s islands, according to Curbed.
The development is a joint venture between Terra Group and the Related Group and plans call for two 20-story, 72-unit condo towers and a third 20-story building with 140 units. [Curbed] ï¿½ Christopher Cameron
Click on the link below to view photos of the latest renderings.
All rights reserved Copyright 2014 The Real Deal
Mast Capital buys Miami Beach land for residential projectOctober 7, 2014
Camilo Miguel-led company picks up nearly two acres in mid-Beach
Mast Capital continued its recent acquisition flurry with the purchase of 1.87 acres in the mid-Beach section of Miami Beach. The Camilo Miguel-led company plans to develop a luxury residential project on the 4000 Alton Road site, which has existing approvals for 162,000 square feet of residential space. Mastï¿½s acquisition closed on Friday and has not been recorded by Miami-Dade County. The purchase price was not disclosed in Mondayï¿½s written announcement. ï¿½The Miami Beach for-sale residential market is driven by a mix of international and domestic buyers who are attracted to the areaï¿½s lifestyle, culture and business-friendly investment climate,ï¿½ Miguel said. ï¿½Extensive recent investment in mid-Miami Beach has made this area one of the most desirable places to live on the island.ï¿½ Other recent investments by Mast include the $29.5 million purchase of a Coconut Grove office building in April and the $39.5 million acquisition of a Key West multi-family community in June. - Eric Kalis
All rights reserved Copyright 2014 The Real Deal
East End makes another big Wynwood purchaseOctober 7, 2014
By: Eric Bojnansky
New York developers pay $23.5M for two acres in what might be a record for the market
Two acres of Wynwood land was just purchased by a New York real estate investment firm for $23.5 million in a transaction that might be a record for the emerging Miami neighborhood, The Real Deal has learned. East End Capital bought the properties at 215 and 227-339 Northwest 24th Street on Monday, according to a broker involved in the transaction. The sellers are Marc Kovens and Shawn Chemtov. Chariff Realty president Lyle Chariff told TRD the deal set a new sale price record for Wynwood, which is starting to experience significant investment from major real estate players on par with the activity in the nearby Design District. Kovens and Chemtov were represented by Chariff and his partner Mauricio Zapata. Newmark Grubb Knight Frank represented East End, which is proposing a 23,500-square-foot project on a separate Wynwood site it assembled earlier this year. Kovens and Chemtov planned to construct an eight-story building with three floors of retail and five floors of residential space on the land they sold to East End. Called Wynwood Central, the project was also going to include 400 parking spaces, a courtyard and a rooftop pool and bar. Concrete Beach Brewery and a small furniture and lighting company operate on the site. ï¿½Itï¿½s a bittersweet transaction for us,ï¿½ Chariff said. ï¿½We did very well financially but we really wanted to be a part of building it and make our mark by leasing space to great businesses that would add to this amazing growing neighborhood.ï¿½ Chariff said he is not sure what the new buyers have planned for the land, but the brewery will be incorporated into any future development. ï¿½The rumors are that they are reworking the plan and trying to figure it out,ï¿½ he said. ï¿½They are possibly waiting for rezoning.ï¿½ East End representatives did not immediately respond to messages seeking comment. In an August interview with TRD about East Endï¿½s proposed retail development at Northwest 23rd Street west of North Miami Avenue, company cofounder Jonathon Yormak called Wynwood ï¿½the next Meatpacking District, Soho and Williamsburg.ï¿½
All rights reserved Copyright 2014 The Real Deal
Brickell City Centre releases fresh renderingsOctober 7, 2014
Check out the images after the jump
The developer of Brickell City Centre, the $1.05 billion mixed-use project rising west of Miamiï¿½s financial district, released new renderings.
The new renderings include the kitchens, pool, restaurant, lounge, lobby, bathrooms and outdoor spaces of the building. The developers also launched a redesigned website for the residential component with a 360-degree viewing feature. ï¿½ Christopher Cameron
Click on the link below to view the images of the new renderings
All rights reserved Copyright 2014 The Real Deal
Massive MiamiCentral train station would be a new urban hub downtownOctober 6, 2014
By: Andres Viglucci
It might be the biggest thing to happen in downtown Miami since Henry Flagler brought his railroad south and created downtown Miami.
And itï¿½s happening sooner than you might think, on the same long-vacant acreage where Flagler built his little Miami train depot more than a century ago.
No longer just a concept, All Aboard Florida, the new privately financed passenger-rail service to Orlando, is moving full steam ahead with plans for a mammoth new downtown train-station complex that supporters say will constitute nothing less than a quantum leap in Miamiï¿½s quest for a place among the worldï¿½s great urban centers.
MiamiCentral, the name chosen for the complex by All Aboard Florida, represents an ambitious and unusual all-at-once marriage of heavy infrastructure with urban revitalization that would turn a drab stretch of downtown into a bustling fulcrum of transportation and human activity ï¿½ including a food market, shops, restaurants, offices and two residential towers with that increasingly rare commodity, 800 rental apartments affordable to people who work in the neighborhood.
All Aboard, a subsidiary of the rail company Flagler founded, is moving fast. Conceptual plans for the station have been approved, and detailed site plans are now under review by Miami-Dade County and City of Miami planners. The parking lots on the four blocks the complex will occupy are already gone, closed off by an opaque construction fence. Suffolk Construction has been hired to build the complex.
All Aboard executives hope to start construction work by the end of the year, a timetable that county officials say appears feasible.
ï¿½Weï¿½re going to dramatically change what downtown Miami looks like 24 to 36 months from now, and in an unprecedented way,ï¿½ said All Aboard president Michael Reininger.
The station architecture, by Skidmore, Owings & Merrill, designers of the new One World Trade Center tower and the Time Warner Center in Manhattan, in collaboration with Zyscovich Architects of Miami, is still being refined. But the architects want to suspend the three towers on columns over the train platform. All Aboard is also in talks with developers of a planned hotel and exposition center next door on the site of the old Miami Arena to hook the two up with some kind of elevated walkway. That would allow conventioneers to take Metrorail from Miami International Airport, or All Aboard from Orlando, West Palm Beach or Fort Lauderdale, and dispense with a car, Reininger said.
Also possible: a terminal at MiamiCentral for Tri-Rail, the South Florida regional commuter service that now operates on CSX tracks west of Interstate 95. Tri-Rail hopes to start running trains along the Florida East Coast tracks that All Aboard Florida will use.
Tri-Rail would cover the partial cost of extending the MiamiCentral platform and installing tracks to handle its trains, but must decide ï¿½soonï¿½ whether it can commit to doing so, Reininger said. All Aboard and Tri-Rail officials say that arrangement would be substantially less expensive for the publicly subsidized commuter service than building its own terminal.
Because itï¿½s Miami, where most people will still rely on cars to get around, MiamiCentral also accommodates substantial parking. Garages for the residential towers will be integrated into the station structure. The main station parking, with 1,800 spots, will be a block away at 700 MiamiCentral, which All Aboard is developing under a deal with the cityï¿½s Community Redevelopment Agency for Overtown.
The train platform would be elevated 50 feet above street level, in part to allow Northwest Fifth and Sixth Streets, major east-west connectors, to remain open beneath the station. But those through-ways would not be dark tunnels. Natural light will pour down through openings in the platform, Reininger said.
The station architecture, by Skidmore, Owings & Merrill, designers of the new One World Trade Center tower and the Time Warner Center in Manhattan, is still being refined. But the architects want to suspend the three towers on columns over the train platform.
The two retail floors at the base of the complex would be enclosed in glass, brightly transparent and fully accessible from the street, a design that county reviewers praised in their analysis.
ï¿½Itï¿½s what youï¿½d expect to see in a vibrant downtown,ï¿½ Reininger said. ï¿½Because of where it is, it needs to be a beautiful work of civic infrastructure. Itï¿½s going to be an iconic, photogenic place.ï¿½
County reviewers have some issues, documents show. Transit officials want a definitive commitment and clear designs from All Aboard for the Metrorail and Metromover connections, both elevated and at ground level, in particular along Sixth Street, which will be the link between the main station complext and the Overtown project.
Planners say the site plans also donï¿½t do enough to make sidewalks around the station welcoming to pedestrians, and theyï¿½re requiring a greater amount and variety of greenery, including shade trees, on its perimeter.
Reininger said those questions are normal in a complex review process and are being worked through.
All Aboard will also build new stations in downtown Fort Lauderdale and West Palm, the first phase of its planned Orlando service, which will use existing FEC tracks. All Aboard must build tracks for the second phase, connecting West Palm to a new intermodal station at the Orlando airport.
Copyright 2014 Miami Herald
ï¿½King tideï¿½ will be first test for Miami Beachï¿½s new pumpsOctober 6, 2014
By: Joey Flechas
The tides are rising this week in South Beach, and everyoneï¿½s watching to see whether newly installed pumps will control the flooding.
During this weekï¿½s king tide, city officials hope to avoid the familiar scenes of people wading in ankle-deep waters and cars splashing down Alton Road and West Avenue.
Officials are banking on their $15 million investment in stormwater pumps to mitigate this yearï¿½s highest high tides, which are expected to arrive Wednesday and Thursday, according to the National Weather Service. The projected high tides will be around 9 a.m. and 9 p.m. and are supposed to reach about 3ï¿½ feet both days. Areas on the west side of South Beach start to flood at around 3 feet.
Freshly installed pump stations are already working at 10th and 14th streets along West Avenue, as well as two updated pumps in Sunset Harbor. Temporary pumps at Fifth Street should also help stem the tide, and the city plans to build another permanent pump at Sixth and West within the next six months.
All of this, according to city engineer Bruce Mowry, is expected to minimize flooding ï¿½ resulting in less standing water for shorter times.
He emphasized that these are short-term solutions when considering a larger and far-reaching issue of sea level rise. Since the westernmost swath of South Beach sits low, he said, the area will essentially be ground zero.
ï¿½This is the biggest area impacted by sea level rise,ï¿½ he said.
The $15 million spent so far is the first fraction of the $500 million the city plans to spend during the next five years on 58 pumps up and down the Beach. The Florida Department of Transportation also plans to install pumps at 10th and 14th streets and Alton Road. The construction that has plagued Alton all year ï¿½ expected to wrap up before the end of the year ï¿½ has been to improve drainage.
The new pump systems are connected to the new drainage infrastructure under Alton, so conditions are expected to be better there, as well.
Public works director Eric Carpenter said that with the pump projects, the city is updating infrastructure that is at least 50 years old. City leaders hope they will provide relief for 30 to 40 years, but all agree the long-term strategy will have to include revamping the building code to construct buildings higher off the ground, making roads higher and constructing a taller seawall.
Mayor Philip Levine said the conversation would continue for years on how exactly to prepare the Beach for rising waters.
ï¿½We know the questions,ï¿½ he said. ï¿½But donï¿½t have all the answers.ï¿½
The tide is high
The king tide occurs when the sun and moon align in a such a way that their gravity tugs at earthï¿½s water enough to create the highest of high tides.
In Miami Beach, the highest elevations run along the sandy beaches, and the lowest lands lie to the west, in areas that used to be mangroves. In a way, a natural event like the king tide simply sends this dense, built-out section of land back to the state Mother Nature intended it to be.
The king tide does not send water careening over the western seawall from Biscayne Bay, but it raises the tide high enough that it seeps into the drains underneath the city through Floridaï¿½s porous soil and limestone.
ï¿½Itï¿½s like water flowing through a bunch of marbles,ï¿½ Mowry said.
The water then rises through the storm drains and, if there is enough of it, floods the streets. Before the current upgrades, faulty caps on the pipes where the water comes out led to either backed up drains behind jammed caps or water rushing back up into the drains because the caps were gone.
And rainfall always makes matters worse.
The new pumps are designed to collect the water, filter it and push it out to Biscayne Bay. Special valves prevent it from flowing back.
It might not sound logical to pump water back into the bay that is causing the flooding, but Mowry explained that the seepage is slower than the pumps, each of which can move about 14,000 gallons per minute. The water removed from the streets is not enough to raise the level of the bay any more than the king tide already has.
A key factor of the new pump system is the valve that prevents water from rushing back in through the release point.
ï¿½Itï¿½s like a trap door,ï¿½ Levine said. ï¿½The water goes out one way, and it canï¿½t come back.ï¿½
During this weekï¿½s king tide, the city estimates it will be able to pump about 50,000 gallons a minute, or the equivalent of three to four swimming pools. It could still take time to drain a flooded street, particularly if rainwater adds to the problem, but officials hope to see less standing water for a shorter amount of time this year.
ï¿½Weï¿½re hoping people donï¿½t have to use sandbags this year,ï¿½ he said.
If people do have problems, they are being encouraged to report any flooding they see to the city by calling 305-604-2489 or using the cityï¿½s mobile app, Miami Beach e-Gov.
Residents and politicians alike will have their eyes on the Beach this week to see whether the cityï¿½s early efforts relieve the problem.
Last week, U.S. Sen. Bill Nelson, D-Fla., announced that he was bringing a contingent of senators to South Florida on Thursday to see how the streets around Las Olas Boulevard in Fort Lauderdale flood during the king tide. He said he would not visit Alton Road, where he believes the street will be dry thanks to the new pumps.
ï¿½I think the pumps are going to be so effective that you wonï¿½t have the visual of the water sloshing around on Alton Road,ï¿½ he told the Miami Herald after delivering a speech at Jungle Island.
Some local students are also watching closely.
During the king tide, students from Florida International University and MAST Academy will be out to collect data to study the flood waters and the quality of the filtered water being ejected into the bay. A balloon will capture images from 150 feet in the air to document the scene.
Copyright 2014 Miami Herald
Iconic downtown Miami building set to go office condoOctober 6, 2014
By: Martha Brannigan
A 1952-vintage office building in downtown Miami designed by revered modernist architect Morris Lapidus is going office condo.
One Flagler, a 15-story building at 14 NE First Ave., is well along in some $10million in upgrades, mostly to the interior of the structure previously known as the Ainsley building and the Foremost building.
Miami developer Harvey Hernandezï¿½s Newgard Development formed a joint venture with Midgard Management, the buildingï¿½s owner and manager, to convert the iconic building to office condos.
Over the years, the building ï¿½ an example of MiMo, or Miami Modern, architecture ï¿½ has had an array of tenants from the Cuban consulate and the Miami Athletic Club to the Israel Discount Bank and various federal offices. It currently houses a branch of Continental Bank and various law firms and investment firms, among others.
ï¿½The building needed to be renovated, and we said: ï¿½How can we renovate this building but at the same time make some business sense?ï¿½ï¿½ said Hernandez, who describes his role as ï¿½the development partner doing the conversion for the venture.ï¿½
ï¿½The upgrades we have been making are very systemic, but we have been paying attention to details and leaving the most historic features,ï¿½ said James Goldstein, CEO of Midgard.
Midgard acquired the property in 2010, by acquiring a defaulted note and negotiating a turnover. The company expects to continue managing the building once it goes condo.
ï¿½We love the building,ï¿½ Goldstein said. The condo conversion will help preserve the building ï¿½for future generations,ï¿½ he added.
Likely buyers are investors and businesses that plan to be owner-occupants, Hernandez said.
Miamiï¿½s downtown office vacancy rate has been declining from the yawning levels hit when the Great Recession collided with the delivery of a spate of new office space in the Brickell area. The office vacancy rate there is still about 20 percent ï¿½ quite high by historic standards. Hernandez says he isnï¿½t fazed by the volume of empty space in the area.
Hernandez, whose company has been focused on new residential condo construction, said he thinks investors will jump at the opportunity to buy commercial office space in a downtown building designed by a famous architect. Investors in many cases would be able to acquire space already occupied by a tenant and could expect a return of ï¿½in excess of 4.5 percent,ï¿½ he said.
The 62-year-old building is a contributing historic structure in a historic section of downtown, he said. ï¿½Weï¿½re going through the process of making it designated historic.ï¿½ Lapidus is best known for the Fontainebleau and Eden Roc resort hotels in Miami Beach.
Hernandez said the space in the building currently rents for $26 to $28 a square foot, compared to $38 to $40 a square foot in the Brickell area.
Plans call for offering 14 floors of office condos, totaling 143,000 square feet of space.
Renovations have been under way for months, including upgrades to the air-conditioning, plumbing, electrical and fire systems, according to the developer.
ï¿½Weï¿½re going to start demolishing the lobby in the next few weeks and build the new lobby,ï¿½ Hernandez said.
Newgardï¿½s projects include Brickell House, a tower that is expected to be delivered to buyers in the next few weeks, and Centro, a loft project with no on-site parking garage is going up at 151 SE First Street, not far from One Flagler.
Hernandez said he thinks the office condo trend is poised for a comeback.
In August, The Solution Group said its development affiliate, Ofizzina 1200, bought a site at 1200 Ponce de Leon Blvd. in Coral Gables with plans to build a new office condominium. Construction is expected to start in the fall of 2015. The Gablesï¿½ project is slated to have 47-units in a Mediterranean-style building with 97,000 square feet of Class A office space, plus space for retail and parking.
Copyright 2014 Miami Herald
Miami school district bracing for downtown population boomOctober 6, 2014
With many new condo developments, the school system doesnï¿½t know what to expect
With thousands of new condo units rising above downtown Miami, the school district is bracing for a possible wave of families moving to the area. Miami-Dade County Public Schools Superintendent Alberto Carvalho is partnering with the Downtown Development Authority to run the numbers and evaluate what, if any, new school developments and programs are needed in downtown Miami, according to Local 10. ï¿½Itï¿½s sort of the unpredictability of what downtown will bring,ï¿½ Carvalho said. ï¿½We know that condos are booming. The question is, are they going to be filled with families?ï¿½ ï¿½A lot of it is driven by foreign investment that does not result necessarily in students wanting to attend schools in Miami-Dade,ï¿½ Carvalho added. ï¿½Weï¿½re going to grow organically as the downtown community grows.ï¿½ [Local 10] ï¿½ Christopher Cameron
All rights reserved Copyright 2014 The Real Deal
Cape Florida LighthouseKey Biscayne, Fla. 1980
Courtesy of Alvin Lederer
Fee-free days at Everglades National Park in 2015By: Doreen Christensen
October 4, 2014
The National Park Service will offer free admission to Everglades National Park and other U.S. National Parks on nine days in 2015, according to a release.
This year's last remaining fee-free day this year is on Veteran's Day, celebrated Nov. 11.
In 2015, visitors can explore for free the largest subtropical wilderness in the United States while celebrating the birthday of Martin Luther King Jr. on Jan. 19
Other free admission days, recognized at more than 400 U.S. parks and monuments, are Feb. 14-16 for Presidents Day; April 18-19 to celebrate National Park Week; Aug. 25 for the National Park Service's 99th birthday; National Public Lands Day on Sept. 26; and Veterans Day on Nov. 11.
Things to do in the 1.5 million-acre park include ranger-led tours of the Anhinga Trail and of the Cold War-era Nike Missile Base; tram or bike tours of the 15-mile loop at Shark Valley; and educational and art exhibits at the Ernest Coe Visitor Center.
Entrance fees average $10 at the ENP and $3 to $25 at other parks.
For more information, go to NPS.gov/findapark/feefreeparks.htm. Everglades Park entrances, visitor centers and hours are available at NPS.gov/Ever or call305-221-8455.
Visionary VIP ExperiencePlease join us for festival week.
Early bird tickets and passes are now on sale. There are two ways to purchase your tickets:
1. Online by clicking any buy now link below.
2. Or you can visit our local ticket outlet: Green Bar and Kitchen 1075 SE 17th Street, Fort Lauderdale, FL 33316
For any additional questions please call Alison at (954)288-8691.
Visionary VIP Experience
The Visionary experience is the ultimate way to enjoy the Seed Food and Wine Festival. Enjoy early seating at cooking demos, and seminars, early access to the festival day and the comforts of the VIP Savor Lounge, complete with private food and drink tastings throughout the day.
Admission to the Film Screening with priority seating
Admission to the VIP Cocktail Event
Admission to both evening dinners with Matthew Kenney and Rich Landau
Admission to festival day with exclusive Savor Lounge access
Admission to the Beach Brunch
Admission to the Sprouts kidï¿½s day
VIP commemorative gift bag
Early Bird Price $400
Seed Food and Wine Festival: Eat. Drink. Enjoy.Daily from October 15 until October 19
Promotional Event Description
Seed Food and Wine Festival: Eat. Drink. Enjoy.
The Seed Food & Wine Festival, from October 15-19, is an annual gathering that celebrates delicious plant-based foods, fine wines, craft beers, spirits, and lifestyle products and companies, while raising health awareness.
The Festival will gather some of the most talented speakers, chefs, celebrities, athletes and authors for an fun, educational, enriching, hip but most of all delicious, week of food, cocktails, film, parties, and events.
Events include upscale dinners, film screening, garden parties, and a Southern brunch, all leading up to a large-scale outdoor festival featuring food, wine, juices, music, gifts, organic body care, clothing, yoga, and everything that celebrates conscious plant-based living. Whether vegan, veggie-curious or you dig Meatless Monday, anyone who enjoys fresh, locally-sourced food will appreciate SFWF.
Click here for tickets and more information!
Copyright 2014 Miami New Times, LLC, All rights reserved
Introducing the Sophisticated Marketer's Guide to LinkedInThe one-stop shop for everything a marketer needs to know about getting the most value from LinkedIn for themselves and their company. It's not an instruction manual, but more of a strategic guide full of interviews and tips from marketing thought leaders combined with expert insights from the LinkedIn Marketing Solutions team.
The Definitive Guide for Marketing on LinkedIn.
Get ready to take your social media marketing to the next level and discover the vast opportunities that await ï¿½ increase awareness, influence perception, generate leads, and ultimately drive revenue with LinkedIn.
Download our guide and learn:
Why your business needs to market on LinkedIn.
How to tap into LinkedInï¿½s powerful marketing solutions including Company Pages, Sponsored Updates, and more.
Expand the reach of your content marketing strategies using LinkedIn to share relevant and targeted content to the world's professionals.
Reach millions of active business professionals with rich display ads and highly-targeted text ads.
And much more.
LinkedIn Corporation Copyright 2014
MIAMI BIKE TOUROctober 05, 12:00pm - 2:00pm
Bayside Marketplace, 401 Biscayne Blvd, Miami, FL 33132
Transport yourself back 2,000 years with your bicycle with a HistoryMiami guide!
Explore a tropical hardwood hammock forest, visit an archaeological site and learn about the early Tequesta people. You will also see an early pioneer house. Enjoy a ride through Miamiï¿½s oldest city cemetery, where Julia Tuttle and other notable pioneers are laid to rest. Tour-goers will receive a special discounted bike rental with our partner Bike and Roll Miami.
Members: $20 Non-Members: $30
Register ONLINE, call 305-375-5792 (Mon. - Fri. 9 a.m. - 5 p.m.) or email: email@example.com
Mention code: ï¿½HistoryMiami Bike Tourï¿½ to redeem bike rental discount.
For more information on bike rentals, call 305-604-0001. Advanced reservations and payment recommended. Tour ticket includes museum admission.
Copyright HistoryMiami. All rights reserved.
Miami, Miami Beach Have Second and Third Most Million-Dollar Listings in the U.S.October 3, 2014
By: Kyle Muzenrieder
How high are prices is Miami real estate? Well, only overpriced, densely packed Manhattan has more listings on the market priced at $1 million or more. The city of Miami comes in second, while Miami Beach has the third most. Though, Miami Beach has far more listings in the $5 million and $10 million-plus echelon than its mainland sister.
The report, via exMiami, comes from Coldwell Banker. Keep in mind that the data comes from MLS, a listings service used by realtors that may not include properties sold directly from developers.
Miami currently has 1,185 residential listings priced over $1 million, while Miami Beach has 897. Manhattan sits far and away at number one with 5,006, but to put it in prospective, Los Angeles only has 770, which is good enough for fourth place.
Though, the high-priced market in South Florida isn't limited to just Miami and Miami Beach. Fort Lauderdale came in sixth with 729, Naples was seventh with 712, Boca Raton was tenth with 544, and North Miami Beach was 13th with 460.
When it came to listing priced at $5 million or more, Miami Beach came in second with 218 behind Manhattan's 1,573. Miami fell to eighth with just 87.
Miami Beach was also second for property worth $10 million or more with 82 to NYC's 685. Miami was tenth with 27th. Naples, home of Rick Scott, was tied for eighth with 28.
Though, there's a big difference between million-dollar listings being on the market and people actually buying those properties. The Miami-area doesn't do quite so well when it comes to luxury properties that have actually closed this year.
There were just 933 closed properties in Miami at a million-plus and only 699 in Miami Beach. That put the cities at ranks of eighth and 12th each. Miami Beach, however, came in fifth at closed properties over $5 million with 63, and fourth in properties over $10 million with 17.
ï¿½2014 Miami New Times, LLC, All rights reserved
Agency celebrates 40 years protecting Biscayne BayOctober 4, 2014
By: Katie Lepri
Forty years ago, the Florida Legislature created the Biscayne Bay Aquatic Preserve, a large swath of water in the bay for fishing, recreation and the protection of plants and animals.
Before the 1970s, Biscayne Bay was one of Miami-Dadeï¿½s most pressing environmental problems. Cities were polluting the water with raw sewage and anything else that could be dumped into it. And there was no concerted effort to manage dredging, runoff, and fishing.
In 1969, commercial fisherman Walter Kandrashoff had started stirring public outrage at the diseased, deformed fish being caught in the bay. Eventually studies showed fish in Biscayne Bay had abnormalities like missing and stunted fins, backward scales, indented spines and cancerous tumors.
ï¿½I was seeing over and over again one particular type of abnormality, this involved the dorsal spine,ï¿½ said Joan Browder, a leading scientist with the National Oceanic and Atmospheric Administration on Virginia Key. ï¿½The fishery biologists here at the lab hadnï¿½t seen anything like this.ï¿½
Kandrashoffï¿½s efforts, combined with the work of two state legislators, John Cyril Malloy, R-Miami, and Alan Becker, D-Miami, led to the creation of the first preserve in Biscayne Bay in 1974. The second preserve in Biscayne Bay was established in 1975.
One part lies off Key Biscayne, and the second encompasses the underwater landscape in Biscayne Bay that is not in Biscayne National Park. The two preserves are collectively known as the Biscayne Bay Aquatic Preserve.
On Sunday, friends and supporters of the preserve will hold a soiree to celebrate its 40th anniversary and to raise awareness of the bay for future generations.
Biscayne Bay had been polluted for years, both before and after the preserves. Urban runoff, polluted with pesticides and assorted debris, washed into the rivers and streams that fed the bay, devastating the plants and marine life within it.
ï¿½I discussed it with John and I said, ï¿½Letï¿½s do something about it,ï¿½ï¿½ said Becker, now 68. In an effort to gain support for the bill, he and John took the Florida House of Representativesï¿½ Environmental Protection Committee to Miami to see the bay firsthand.
The bill passed in one session.
ï¿½It was something John was very proud of, and so was I.ï¿½
The aquatic preserves, according to the designation in state law, were established ï¿½to be preserved in an essentially natural condition so that its biological and aesthetic values may endure for the enjoyment of future generations.ï¿½
ï¿½Over the succeeding years, it actually seemed to work,ï¿½ Becker said. ï¿½The pollution problem was far less, and the fish seemed to rebound.ï¿½
Today, thanks to the efforts of two Florida Department of Environmental Protection employees, Pamela Sweeney and Laura Eldredge, and a group of committed volunteers, the bay has become a natural habitat for marine life, endangered species and the bottle-nosed dolphin.
ï¿½What it did was it turned around the bay,ï¿½ said Sweeney, who is the manager of the Biscayne Bay Aquatic Preserves.
The preservation designation set rules for topics like drudging and filling, to retain some of the resources that the bay needed for fisheries.
According to Sweeney, there has been a concerted effort to restore the bay and bring back sea grasses that oxygenate the water and act as a nursery for baby fish.
The staff and the unpaid volunteers also educate local marine law-enforcement officers to look for potential threats to the bay, like illegal dredging and mangrove cutting; oversee mitigation projects where sea grass has been destroyed; and keep watch over endangered species.
Under Sweeneyï¿½s management, the aquatic preserves work with various partners such as the University of Miami to host community-wide events. The preserves also teach students about marine debris removal and habitat restoration.
But Sweeney said more needs to be done to protect the marine habitat and clean up the bay.
ï¿½I do still feel that people just really arenï¿½t aware that we have this state aquatic preserve on their doorstep in the most urban part of Miami,ï¿½ Sweeney said. ï¿½I feel like if people knew they might behave in a way thatï¿½s more protective, they might teach their children to protect the area to a greater degree.ï¿½
IF YOU GO
What: Soiree by the Bay, a ï¿½bay chicï¿½ evening showcasing the 40-year history of the Biscayne Bay Aquatic Preserves with featured artwork by Miamiï¿½s eco-artist Xavier Cortada.
Where: Deering Estate at Cutler, 16701 SW 72nd Ave., Palmetto Bay.
When: 4:30 p.m. to 9:30 p.m. Sunday
Cost: $100 per ticket, $750 for table of eight
Info: 305-795-1256 or www.dep.state.fl.us/coastal/sites/Biscayne/40thAnniversary/
Copyright 2014 Miami Herald
Tobacco Road closing its doors for good October 25October 1, 2014
By Lesley Abravanel
Tobacco Road closing its original, 100-plus year-old space earlier than planned
After almost 102 years, Tobacco Road, Miami's oldest bar, is closing on October 25 with plans to eventually relocate to another space.
Talent booker Eric Garcia tells us that owner Patrick Gleber got the staff together and said, 'with a really heavy heart,' that because of extenuating circumstances, the place was shutting down sooner than expected.
Tobacco Road was guaranteed to remain at its landmark location through May of 2015. After that Gleber said there were plans to relocate.
'We thought we'd stay until at least April,' Garcia said. 'Relocation will definitely happen, there will be a new Tobacco Road,' he said, 'but it won't be the same.'
Although there were plans for anniversary shows, Phish after parties in January and final closing parties, Garcia says, 'We're gonna push the stuff up and compact it. Me and [fellow talent booker] Oski [Gonzalez] will try to have a band every day. If you want to play one last show at Tobacco Road--that sort of thing. We'll just blow it out for the rest of the month.'
ï¿½ 2014 Miami.com. All rights reserved.
South Miami-Dade arts centerï¿½s a hit with popular and cutting edge showsOctober 1, 2014
By: Elizabeth Hanly
As it heads into its fourth season, the South Miami-Dade Cultural Arts Center has quieted skeptics who voiced concerns that deep south Miami-Dade couldnï¿½t support a quality, multi-faceted cultural arts center. Who in the suburban landscape, not known for its cultural or nightlife offerings, would attend cutting-edge jazz performances, off-beat theater productions ï¿½ and especially, contemporary dance? Quite a few, it turns out.
Under the guidance of Artistic Director Eric Fliss ï¿½ a veteran of the Miami arts scene who previously headed the Colony Theater on Miami Beach ï¿½ the Centerï¿½s eclectic blend of shows has developed a significant following. In advance of the centerï¿½s season kick-off this Saturday, Fliss talked about the initial years, whatï¿½s ahead, and the special niche dance holds in the programming.
Q: With so much to choose from, how did you decide which companies to bring first to the South Miami-Dade Cultural Arts Center ?
A: First and foremost, I wanted to present dance that would be accessible. But I didnï¿½t want the dance to be predicable. I wanted the community to come to know and enjoy contemporary dance before presenting the traditional en pointe ballet that for many people is synonymous with dance.
That first year we choose to focus on giants of contemporary dance whose work would reach out to our community. Garth Fagan with his Jamaican roots was one. Ronald K. Brown whose work is heavily influenced by Africa and its diaspora was another. We also introduced a relatively unknown Kyle Abraham to the South Florida community. He won a MacArthur Genius award after performing for us.
Q: How were those artists received that first year?
A: Community support was fantastic. This was an area of Miami that had been waiting a long time for an arts center. Apparently, we didnï¿½t disappoint.
Q: What came next?
A: My plan was to work in an arc that would introduce our audience to increasingly diverse and interesting work. My aim all along had been to build up an audience for that work, the boutique work that thrives in the kind of intimate, smallish theater that our center can provide. Sure, any audience loves Broadway titles and traditional ballet. People want to feel part of the outside world. They want to feel thereï¿½s a little bit of New York here. We have and will continue to do that. But we can do something else too.
A good example of what I mean is India Jazz Suite, also known as ï¿½Fastest Feet Around.ï¿½ Here, Indian Kathak master Pandit Chitresh Das danced in tandem with Emmy-winning tapster Jason Samuels Smith. That second year, we were in early days. Still we brought them here, and the audience loved them.
Q: The audience was increasing all through that second year?
A: Yes. We were having a lot of fun. Word was spreading. Even if the community didnï¿½t recognize an artistï¿½s name, they were coming to performances. They were trusting us to make good choices. Not only that, we made a real effort to survey both our audiences and non-audiences as to what they had enjoyed or not, what our emphasis should be, what they would like to see more or less of. We continue to do that.
Q: Meanwhile, you feel you were building a sophisticated audience?
A: Yes. In our third year, we brought in Complexions Contemporary Ballet. This was the first time a company that included en pointe performed at the center. But their dance uses a contemporary vocabulary. Our audience was familiar with that language.
Q: Whatï¿½s in store for the fourth season?
A: The Urban Bush Women are coming. While they are certainly known outside of South Florida, not so many people know them here. Theyï¿½ll be presenting a new work, Walking with Trane, devoted to John Coltrane. One of San Franciscoï¿½s premier contemporary dance companies, Alonzo King LINES ballet, will be performing as well. So will Tu Dance, a company formed by Alvin Ailey and New World [School of the Arts] alum Uri Sands. And this year for the first time a traditional ballet company, Memphis Ballet, will be coming to the center. As regards spectacle, the Peking Acrobats will be here. The list goes on and on.
Q: What has made you most proud?
A: My audiences.
ArtburstMiami.comãis a nonprofit source of South Florida dance and performing arts coverage.
IF YOU GO
What: South Miami-Dade Cultural Arts Center Kick-off Bash with Spam AllStars, Ribab Fusion and Xperimento
When: 7 p.m. Saturday
Where: SMDCAC, 10950 SW 211th St., Cutler Bay
How much: Free
Info: smdcac.org or 786-573-5300
Copyright 2014 Miami Herald
Art Basel Miami Beach's 13th Edition Prepares to Break RecordsSeptember 30, 2014
By: Carlos Suarez de Jesus
This year, our fall Arts & Eats Guide lists all that's timeless and fresh in Miami, from visual art to delicious food. Theater, dance, music, and drinks all make a much-needed appearance throughout the season as well. Pick up one of our printed guides Thursday, October 2, where you'll find profiles, interviews, and detailed event calendars to guide you through the upcoming cultural season.
When Art Basel Miami Beach (ABMB) blitzes into town December 4 though 7, the event will likely break attendance records.
For its 13th edition, ABMB will boast 267 of the planet's top international galleries, selected from 31 countries, that will exhibit 20th- and 21st-century works by more than 2,000 artists at the Miami Beach Convention Center and various venues throughout the city.
The zenith of Miami's cultural calendar, Basel transforms our peninsula into a rambling art installation, with upward of 20 satellite fairs and scores of related events, including outdoor murals, installations, and pop-up shops mushrooming from South Beach to Wynwood, Little Havana, and Pinecrest.
The main event at the convention center, now recognized as the art world's biggest block party, is expected to draw about 50,000 international visitors and generate close to a half-billion dollars in sales over its four-day run, according to experts.
This year marks an increase of nine galleries from last year's roster, including a whopping 90 galleries from New York City. By comparison, the Magic City's booming arts scene will have a paltry presence, with the Fredric Snitzer Gallery returning to ABMB's centerpiece Galleries section, while downtown Miami's Michael Jon Gallery will make its debut in the fair's Nova section at the convention center.
It's no surprise Snitzer's gallery is returning. The owner has been a staple of ABMB since its inception and is a member of the fair's selection committee. Michael Jon's selection, however, has raised eyebrows among local dealers because the space is relatively new to a South Florida scene that, for the most part, is steaming over the repeated lack of local representation at ABMB.
Also making its debut is Survey, a new sector of the fair boasting 13 select galleries that will feature art-historical projects ranging from solo exhibits to thematic showcases. New York's Andrew Edlin Gallery will present a two-artist focus on the works of Henry Darger and Marcel Storr, ranking among the top offerings in the section.
Special sectors will also showcase performance art, video art, public projects, and upstart galleries.
The Positions section will feature 16 curated solo booths, including a meditation on 'architectural destruction' by Syrian artist Hrair Sarkissian, who is represented by Greece's Kalfayan Galleries.
Among ABMB's popular sectors is Public, an outdoor sculpture showcase organized by Public Art Fund director and chief curator Nicholas Baume, whose inaugural effort last year was hailed as one of the fair's top attractions.
Another returning crowd favorite is ABMB's Film sector, in which curators David Gryn ï¿½ the director of London's Artprojx and Zurich collector This Brunner embrace the theme of playfulness for this year's edition. Gryn will present more than 70 films and videos by an international compilation of artists. The works will screen at Miami Beach SoundScape on the 7,000-square-foot outdoor projection wall of the Frank Gehry-designed New World Center.
This year's satellite scene is expanding to downtown Miami with the inaugural edition of the Concept-Fair at Bayfront Park, where 80 exhibitors will feature blue-chip modern works from 1860 to 1980, including painting, sculpture, photography, design, and objets d'art in a tranquil setting far from ABMB's more frenetic scene. The event will be housed in a $3 million spaceship-like circular tent with unobstructed views and a translucent ceiling designed to illuminate the artworks under South Florida's tropical sunlight.
Meanwhile, the 305's top museums will trot out their best shows of the year to seduce visiting art-world cognoscenti and local Basel enthusiasts.
For its first anniversary, Perez Art Museum Miami's (PAMM) Basel bash December 4 will feature a time-based art presentation by Future Brown with Kalela, an underground DJ supergroup. The museum will also unveil a commissioned work by Mexico City-based artist Mario Garcia Torres, whose project 'incorporates photography, film, and objects that explore notions of South Florida as a site for withdrawal from society for the purpose of artistic creation,' according to the museum.
PAMM also will display 'Jardim Botanico,' the first major retrospective of Brazilian abstract painter Beatriz Milhazes. The artist is known for her complex and disorienting compositions bursting with wild, decorative patterns typically rendered in a glowing tropical palette.
Both the Frost Art Museum and Miami Dade College's Museum of Art and Design (MOAD) will showcase influential Chinese artists in their marquee matchups.
The Frost has lined up Wang Qingsong, one of China's top talents, who has earned international raves for his innovative approach to photography. The artist, who began his career as a painter, picked up the camera in the late 1990s and now works in documentary and staged photography, computer-generated images, and sculpture. His solo, 'ADinfinitum,' will feature expansive images capturing his homeland's epic transformation brought on by booming globalization.
At the historic Freedom Tower December 5, MOAD will partner with MDC Live Arts to present 'Shen Wei: In Black, White, and Gray.' The artist's first U.S. museum show will be dedicated to a solo series of paintings in collaboration with site-specific performances. Chinese-born, New York-based Shen Wei is a choreographer, director, dancer, painter, and designer who achieved fame as the lead choreographer for the opening ceremonies of the 2008 Beijing Olympics. The artist, who has earned acclaim for his cross-cultural, bold movement-based spectacles, will premiere a suite of 11 theatrical and kinetic paintings while choreographing interpretive performances based on these works, resulting in a series of five public performances.
If you visit the Bass Museum of Art December 4, you'll have to navigate through a maze-like Gregor Hildebrandt installation made from hundreds of strips of tape gathered from video cassettes of the Jean Cocteau classic Orpheus. The meandering opus will be part of 'One Way: Peter Marino,' a sprawling exhibit opening a window on the noted American architect and luxury designer's multifaceted relationship with art.
Marino, whose pioneering cross-disciplinary practice fuses art, architecture, fashion, and creative spatial design, has long been recognized for commissioning original artworks for his architecture and design.
In addition to Hildebrandt's shimmering tape passageways will be major installations by Guy Limone, Farhad Moshiri, Jean-Michel Othoniel, and Erwin Wurm. Works from Marino's personal collection will include paintings by Loris Grï¿½aud, Keith Haring, Richard Serra, Rudolf Stingel, and Andy Warhol. The exhibition will also feature sections dedicated to pop art, iconic portraiture, the German spirit, and photography.
Marino worked closely with Jerome Sans, the exhibit's curator, to strike a thought-provoking balance between his architectural work and designs, personal collection, and recent edition of cast-bronze boxes that will be showcased.
Last year, North Miami's Museum of Contemporary Art (MOCA) drew sizable Basel crowds for notorious British artist Tracy Emin's first U.S. museum solo show. But this December marks a major litmus test for MOCA, which has been involved in a yearlong controversy. The museum's board of directors filed a lawsuit against the City of North Miami in April before leaving MOCA with part of its collection and the city hiring a new director.
On December 2, the embattled museum's new administration will open 'Shifting Paradigms: The Work of George Edozie,' signaling an institutional shift in focus while hoping MOCA's fresh direction inspires crowds.
Curated by Nkiru Nzegwu, professor of Africana studies at Binghamton University in New York, the exhibit seeks to 'articulate and draw attention to the occurrence of a millennium shift in the epistemological paradigm of art-making and interpretation' while opening 'MOCA, Art Basel, and the world to a new way of thinking and being in the world as truly universal,' says Babacar M'Bow, the museum's new director.
Edozie, a Nigerian artist who explores themes of identity in his narrative-based works, will present 50 works making their U.S. debut, including a series of freestanding sculptures constructed from fabric that will form his exhibit's central installation.
ï¿½2014 Miami New Times, LLC, All rights reserved.
Birds Eye View And Close Up of Miami Beach, Florida 1920'sCourtesy of Alvin Lederer
Miami Working to Plant One Million Trees by 2020; Increase Shade Canopy to 30 PercentOctober 2, 2014
By: Hannah Sentenac
For a city that's so hot our seawater practically boils, we have an auspicious lack of tree canopy. Our shade percentage stands at a mere 14 percent, when a healthy urban forest should be 30 percent. Less than half is less than impressive.
But the fact has not been lost on Miami's Community Image Advisory Board. Chaired by Miami-Dade County Commissioner Dennis C. Moss, they launched Million Trees Miami in 2011, with a goal of hitting their number by 2020. As of end of 2013, they were at 162,000.
See also: Coral Morphologic Races to Save Corals From Deep Dredge
So why are trees so important? Well, besides the fact that they literally keep us alive (they make our oxygen for us, after all), trees provide a whole host of social, economic and environmental benefits.
They provide shade and protection from UV rays, they absorb noise and block glare, they reduce surface temperatures and minimize the negative impacts of heat, they have a positive effect on our mental health -- there's even evidence linking exposure to trees with better overall health.
'It's been proven trees reduce stormwater runoff and absorb negative emissions -- there are so many great benefits to trees,' says Patrice Gillespie Smith, Community Image Manager for Miami-Dade's Parks, Recreation, and Open Spaces department. Hence the importance of upping the quantity of our green benefactors across the 305.
Million Trees Miami has a master tree plan that lays out all the details of their endeavor, including which trees to plant.
'Because our mission is to increase tree canopy, we're going to look at those trees that are shade producing, and always Florida native. They need least amount of maintenance and can survive hurricanes,' Smith explains.
As it turns out, this doesn't include palms. Despite their ubiquitousness in Florida, most are non-native, and they don't throw much shade.
The group works with a whole host of local nonprofits like Citizens for a Better South Florida, Urban Paradise Guild and the Miami-Dade Parks Foundation, among others. Plus, they've received donations from the likes of Stella McCartney, Commissioner, Sally A. Heyman and others. Trees get planted in parks, along roadways, at transit stations and anywhere else deemed an appropriate home.
With 838,000 trees to go by 2020, they could use everyone's assistance. So what can Miami's average Joe or Jane do to help the project? For one, report any trees you plant on the Million Trees Miami website. They can only track trees planted by city agencies, but they want to know who else is putting down roots.
Also, you can volunteer with a local nonprofit that help with tree plantings.
'It's one of the easiest things you can do to offset environmental impact -- it's that easy. We really challenge everyone to identify an area where you can plant a tree,' says Smith.
No trees = no us. No joke. So a million extra in our rapidly sinking backyard sounds like an excellent idea.
Copyright 2014 Miami New Times, LLC, All rights reserved.
The Edge on Brickell launches unit salesOctober 1, 2014
By: Martha Brannigan
Developers of the Edge on Brickell project, a 58-story tower planned for the south bank of the Miami River, have launched sales of units.
The 130-unit project is being developed by Mexican-born architect Rafael Aragonï¿½s and developer Alberto Espinosa and will include a 300-foot dock with private boat slips.
The 631-foot highrise ï¿½ which is to be located at the former site of the Big Fish restaurant at 55 SW Miami Avenue Road ï¿½ will have a 600-foot illuminated glass mural design by Dutch artist Jan Hendrix on its facade.
The developers expect to begin construction in 2015 with completion projected for the spring of 2017. Amenities include a pool deck on 15th floor, a childrenï¿½s entertainment room, and a ground floor restaurant.
The Edge on Brickell will include two- and three-bedroom units and two-story penthouses, with prices ranging from $648,000 to more than $4 million.
The project is using the buyer deposit model that has fueled the current boom in Miami. The deposit schedule calls for buyers to put up 20 percent of the purchase price at contract, another 20 percent at groundbreaking, 10 percent when the top slab is poured and the balance at closing.
Veronica Cervera Goeseke, CEO of Cervera Real Estate, which is heading sales and marketing for the project, said prices start in the ï¿½very high $400-per-square footï¿½ï¿½ range with ï¿½a majority of units in the $500-per-square-footï¿½ range.
Copyright 2014 The Miami Herald
New vacation rental site launches with Miami optionsSeptember 30, 2014
By: Hannah Sampson
Faced with increasing demand for hotel rooms that could accommodate families ï¿½ and competition from short-term apartment rental sites such as Airbnb ï¿½ the head of Spain-based Room Mate Hotels started brainstorming this summer.
The result of Enrique Sarasolaï¿½s musings: BeMate.com, a service that offers accommodation at apartments or houses with some of the amenities found in a hotel.
ï¿½Why fight it?ï¿½ Sarasola said during an interview this week in Miami Beach. ï¿½This is the future; the sharing economy is here to stay.ï¿½
The site highlights properties located near Room Mate or partner hotels, including the Room Mate Waldorf Towers at 860 Ocean Dr. in Miami Beach. Room Mate Hotels has a portfolio of nearly 20 hotels, mostly in Europe, with more on the way, and Sarasola said BeMate will open its technology to independent hotels that want to participate.
A team from BeMate.com verifies that photos of a home or apartment are accurate and checks that local zoning laws are being followed. Guests who book through the site can opt for hotel services such as housekeeping, concierge, luggage storage, key pickup and help with any issues that pop up. The company gets a percentage of the revenue with each booking.
So far, the site includes 2,500 properties in 10 cities, including Miami Beach; plans call for more than 200 cities to be included by the end of 2015.
Copyright 2014 The Miami Herald
Miami foreclosure rate keeps fallingSeptember 30, 2014
By: Martha Brannigan
The foreclosure rate in the Miami area fell to 5.9 percent in July, the lowest level since the housing crash, according to CoreLogic.
Still, the rate of foreclosure activity in the area, which includes Miami, Miami Beach, and Kendall, remains more than three times the national average of 1.7 percent of mortgages outstanding, according to the Irvine, Calif.-based data firm.
The foreclosure rate, which reflects the percentage of mortgages in some stage of the foreclosure process, was 11 percent in the Miami area in July 2013.
CoreLogic said a smaller share of Miami mortgages are turning sour. In July, the delinquency rate for the Miami area fell, as 12 percent of mortgages were late by 90 days or more, down from 17.4 percent a year earlier.
Nationwide, 4.3 percent of mortgages were delinquent in July, compared with 5.5 percent a year earlier, CoreLogic said.
Copyright 2014 The Miami Herald
Shore Club switching some units to condoSeptember 30, 2014
By: Hannah Sampson
After buying the Shore Club in Miami Beach for $175 million last year, the new owners have announced plans to drastically remake the 309-room hotel.
Though HFZ Capital Group released few details, the developer said in a press release that the property at 1901 Collins Ave. will change into a ï¿½luxury condominium and hotelï¿½ with 85 residences and 100 hotel rooms.
Real estate company Douglas Elliman plans to launch sales for the condos during Art Basel Miami Beach in December, though reservations for some units will be taken as early as next month.
Still unclear is what those residences will look like, whether they will be available to rent as part of the hotel inventory, how much they will cost and when they will be finished. Renovations will begin in 2015, but no information was available on how long that project would take or whether the hotel will close while the work is ongoing.
The developers ï¿½think itï¿½s too early to answer most of these questions,ï¿½ a spokeswoman said in an email.
Copyright 2014 The Miami Herald
New Wynwood Parking Rules Start Today, Including Meters Enforced Until 2 a.m.October 1, 2014
By: Trevor Bach
Heads up, Wynwood-goers: Three weeks after the Miami Parking Authority announced a new parking program for the neighborhood, the changes are set to take effect today.
The program expands the neighborhood's Pay by Phone parking areas west from the railroad tracks to NW Sixth Avenue, and from NW 20th Street north to NW 29th Street. The meters are enforced from 7 a.m. to 2 a.m. every day, with the standard rate set at $1.50 an hour for a maximum of three hours, except evenings.
See also: Waffles and Parking Debate in Wynwood This Morning
The new program also includes an employee parking program, with approximately 260 spaces designated for neighborhood employees at a cost of $30 a month, as well as a monthly program, with at least 85 spaces available for $55 a month.
'In an area that has experienced fast-paced growth in a short span of time, we believe that the new parking program will improve accessibility, safety, and mobility in the Wynwood BID,' Rolando Tapanes, director of planning and development for the authority, says in a release about the new program.
But that rollout hasn't been without some confusion: Linda Robinson, an employee at the Workshop Collective on NW 25th Street, tells New Times that when she first went to the authority to inquire about employee parking a couple of weeks ago, she was mistakenly told the program didn't exist.
Robinson followed up, 'and then they were like, 'Oh yeah, it is $30.' And I went and got all the parking [decals] for our employees.'
Although the program is in effect today, for the next two weeks the authority will issue only 'courtesy' citations. The Miami Parking Authority did not return calls seeking comment about today's rollout.
Copyright 2014 Miami New Times, LLC, All rights reserved.
Miami, See it Like a Native1935 Miami Novelty Card
Courtesy of Alvin Lederer
Lummus Park Lifeguard Station HeadquartersOn 10th St. & Ocean Drive
Miami Beach, Fla.
Courtesy of Alvin Lederer
Miami commission approves Worldcenter agreementSeptember 29, 2014
By: David Smiley
The backers of the massive Miami Worldcenter won two key approvals Monday from the Miami City Commission that will allow them to move forward with the $1.5 billion project ï¿½ but not before watching the whole deal teeter briefly on the edge.
The commissionï¿½s unanimous vote in favor of zoning changes and a development agreement modified by 11th hour tweaks ï¿½ including a frantic backroom huddle with Commissioner Keon Hardemon ï¿½ means the businessmen pushing the mega-project can move forward and submit actual site plans.
ï¿½Weï¿½re excited,ï¿½ Worldcenter principal Nitin Motwani said. ï¿½This is just another step forward.ï¿½
Motwani and his partners needed the commission approvals Monday for a special zoning plan and new development agreement after sitting for nearly a decade on the land, located in a blighted neighborhood to the west of downtown. Worldcenter has been planned as a massive retail, hotel and residential complex stretching from 11th Street to Sixth Street, and from North Miami Avenue to Second Avenue.
Dozens of residents, real estate reps, entrepreneurs and property owners spoke in favor of the project, saying theyï¿½ve been waiting for years to ï¿½ride its coattails.ï¿½ But for all its support, Worldcenterï¿½s backers continued to be dogged Monday by critics who said the cityï¿½s planning office has negotiated overly cozy terms that would allow the developer to privatize public streets for free, cluster bars into an intense nightlife district and erect gaudy billboards.
Commissioners were initially dismissive of those concerns, and Planning Director Francisco Garcia said they were unfounded.
But on Friday, Worldcenterï¿½s development agreement was quietly changed to clarify that any signage on site has to comply with Miamiï¿½s new zoning code, and to require that Worldcenter pay a fee should it build over or under any public street. Garcia, however, said the changes were more clarification than modification, and noted that while critics have said the developer should pay money to encompass public streets, none of the plans submitted by Worldcenter to date would have incurred that fee.
Those changes appeased some critics, though many nevertheless urged commissioners to delay a vote two weeks so that the amended agreement ï¿½ which wasnï¿½t made publicly available until Monday night ï¿½ could be vetted. But the most powerful critic emerged as Hardemon, who surprised some commissioners by slamming Worldcenter for backtracking on a commitment to local jobs and living wages.
ï¿½To me itï¿½s disheartening. Itï¿½s insulting,ï¿½ he said.
To keep the deal alive, commissioners paused their meeting and Worldcenterï¿½s team of Greenberg Traurig attorneys met for an hour with Hardemon and city lawyers to craft an agreement that committed more jobs to locals, and with better wages.
The last-minute negotiations, however, only emboldened critics who said the city was rushing the Worldcenter deal through. Some warned that the city was giving short shrift to a deal that would likely be carried out by other developers, considering Motwani acknowledged that Worldcenter principals have always intended to flip some of the project.
ï¿½You need to know who youï¿½re doing business with,ï¿½ said Brad Knoefler, a Worldcenter tenant who has tangled repeatedly with the developer. ï¿½Those of us who live and work in the neighborhood could be left holding the bag once this project is flipped.ï¿½
It all made for a long, unusual hearing that started not with a presentation by the developer but a soliloquy from Commissioner Marc Sarnoff about why allegations that he stood to benefit from the project were inflammatory. Ahead of the vote, activist Grace Solares sent an email blast noting that Sarnoffï¿½s foundation took money from Worldcenter, and his wife worked as a sales associate with Cervera Real Estate, rumored to be working with the developer. Sarnoff said he reaped no benefit from his foundation. And Alicia Cervera, chairwoman of Cervera Real Estate, said her company isnï¿½t working with Worldcenter, at least not yet.
Ultimately, commissioners voted 4-0 for both the zoning changes and the development agreement. Commission Chairman Wifredo ï¿½Willyï¿½ Gort was absent.
With approvals in hand, Motwani said Worldcenterï¿½s principals will move soon to submit detailed development plans from Garcia, the planning director. He said he and his partners have always acknowledged that they intend to flip some of the land, but said they will remain invested in some aspects as developers.
He said the plans they have submitted are what they intend to build.
ï¿½We didnï¿½t go through all this to show rendering and not move forward,ï¿½ he said.
Copyright 2014 Miami Herald
YOUR CHEAT SHEET TO A STRESS-FREE MOVEBy: Angie's List
7 tips for making your next move as painless as possible
If thereï¿½s a move in your future and you want to hire help with all or part of it, here are the best suggestions to unpack and stow away, all from highly rated movers and satisfied customers:
1. Plan ahead. Start at least six weeks before the move date, and allow time to declutter and pack each room.
2. Choose services. Moving services range from you-rent trucks to ï¿½managed movesï¿½ in which experts handle every detail, including setting up the new household. In between, you can get help for just the heavy lifting, or hybrid options in which you pack possessions into pods or cubes that a company transports to your new home.
3. Know what to expect. In a standard move, if possessions cross state lines at any point, thatï¿½s considered an interstate move that is subject to federal regulation. Costs are typically calculated using a combination of weight and distance. Long distance in-state moves are often assessed the same way. Local moves are usually assessed by hour and per worker. Regulations for local movers and what constitutes a ï¿½localï¿½ move vary widely by state. Costs reflect the type of move and service level. A you-rent truck might cost $20 to $40 a day with an additional charge of about 80 cents a mile. Expect to pay at least $1,000 for a full-service move across town. Long-distance professional moves can cost a dozen times as much.
4. Time it wisely, if you can. Cut costs by avoiding the busy summer months or choosing a departure date after the first of the month and before its last ten days.
5. Know scam warning signs. Rogue movers plague the industry. Be leery of companies that:
ï¿½ Wonï¿½t provide an on-site estimate. The most accurate estimate comes from a visit to your home.
ï¿½ Answer calls with a generic greeting, such as ï¿½moversï¿½ or ï¿½moving company.ï¿½
ï¿½ Donï¿½t have a local address, information about registration or insurance.
ï¿½ Charge differently than the norm, such as by the cubic feet.
ï¿½ Demand cash or a large deposit before the move.
ï¿½ Use a generic or rented truck.
ï¿½ Demand extra money after loading, saying the estimate covered only some charges or possessions weighed more than estimated.
6. Do your homework. If youï¿½re planning an out-of-state move, visit protectyourmove.gov, which lists licensed movers. Many states also have similar sites. Read company reviews on a trusted consumer site, check for proper licensing and ask about the crewï¿½s experience level.
7. Know your rights. You should know if the estimate is binding or if it could change. A binding estimate canï¿½t be changed, even if the actual cost exceeds the estimate. Get a written copy of the estimate. To avoid hidden or add-on fees, ask if it includes charges for fuel, moving equipment and workersï¿½ trips to and from the house.
8. Be clear about coverage. The federal government requires that moving companies offer two levels of basic liability: Full value and released value. These are not insurance. Full value protection costs extra and means the mover is responsible for the entire value of shipped items. The released value option adds no cost, but significantly reduces what the mover must pay in case of breakage. Some companies will offer, through an affiliate, insurance policies that require upfront coverage payment and payment of a deductible if you make a claim. Not all states allow movers to sell insurance. You can also choose a third-party policy, sometimes through your home insurance provider.
Copyright 2014 Hearst Communications, Inc. All Rights Reserved
Wynwood Is Getting a New Park and It Looks Like a GreenhouseSeptember 25, 2014
By: Trevor Bach
Wynwood is getting a new park, and it will look kind of like a greenhouse. The plan, for a well-manicured space with grass and trees covered by a thin, translucent structure, was the winner in an international competition sponsored by Tony Cho, CEO of Wynwood real estate firm Metro 1.
'We hope that our park will be a place where people come together with nature and art in an urban environment,' the winning team, comprised of artist Jim Drain, landscape architect Roberto Rovira, and architect Nick Gelpi, said in a release, 'where everyone can feel at home and where people and nature thrive together.'
The park is planned for 2825 NW Second Ave., a space that's currently a parking lot owned by Metro 1. The developer is converting an adjacent building into a retail center.
'I thought, why keep this as a parking lot when I can do something impactful for the community?'' Cho told the Miami Herald.
Cho's competition for the 14,000-square-foot park drew 238 submissions from 38 countries, including Spain, Germany, and Australia, and was judged by a blind jury consisting of architect and design leaders. But when the winning design was chosen last week, it belonged to the only local team who had entered: Drain, Rovira, and Gelpi are all based in Miami.
'We are thrilled to announce Greenhouse as the winning design concept,' Cho said in a release. 'It's remarkable the only local team to enter the competition was unanimously selected by a blind jury, but I think that serves as a testament to this talented group's true understanding of the project's significance.'
The park will be just one of dozens of planned projects scheduled that will change the face of Wynwood once completed. The neighborhood's lightning-fast transition from abandoned warehouses to hip artist haven to gentrified residential zone is zooming forward, with the 250 Wynwood loft condo project under construction and several other projects already approved by the city.
Copyright 2014 Miami New Times, LLC, All rights reserved.
Welcome to Miami Attractions MonthDuring Miami Attractions Month enjoy Buy 1 admission, get 1 admission free and other great offers.
Miami Attractions offer countless choices ï¿½ from historic to adventuresome, natural to man-made. Attractions so exotic they beckon to be explored. Old World-style villas. Animal and botanical sanctuaries. A River of Grass. Places that capture the imagination and stir the soul. Just imagine swimming with dolphins, posing with parrots and hand-feeding giraffes ï¿½ just a few of many jaw dropping sights and experiences that make up our kaleidoscope of attractions.
Click on the link below to view all upcoming events for the month of October!
Copyright 2014 Official website Greater Miami Convention & Visitors Bureau. All rights reserved.
Did you know that Florida is our nation's largest untapped solar market?
Develop Solar Power in Florida!
Florida is uniquely positioned to reap the benefits of a clean energy economy, but your right to solar energy is under attack by the big utilities as they try to limit fair compensation for solar power and suppress the market.
Under current law, Florida residents who install rooftop solar panels on their homes are able to receive fair credit for any excess electricity they send to the power grid helping pay off their investment by providing a clean source of energy to their neighbors.
But if utilities like FPL or Duke Energy get their way, your rights will be limited; homeowners and businesses that invest in solar power would no longer be fully compensated for the clean energy they generate.
Now is the time for Florida to step up and truly own the title of 'The Sunshine State'.
To sign the petition, click the link below
Copyright 2010-2014 cleanenergy.org / Southern Alliance for Clean Energy | All Rights Reserved
O Cinema To Open New Location in Miami BeachSeptember 10, 2014
By: Shelly Davidov
Miami Beach is about to get a piece of the city's thriving indie cinema scene. The award-winning O Cinema will open a third location in North Beach this fall.
The third art-house, community-focused cinema was approved unanimously this morning by the city of Miami Beach mayor and city commissioners, who voted for O to take over management of the Byron Carlyle Theater. O Cinema's Kareem Tabsch told New Times the city's quick work on the process was a pleasant surprise.
'We've been in discussion with the city of Miami Beach for a few months now,' Tabsch said. 'It's a theater we've always loved, I have to say. The current administration and staff work really well; the support and dedication has been outstanding. I didn't think it would happen this quickly.'
See also: Miami Beach Artist Deming Harriman Conjures 'Goddesses' at O Cinema Wynwood
The Byron Carlyle Theater first opened as a movie theater in 1968. When the theater closed in 2001 it was purchased and renovated by the city. Over the last decade it operated primarily as a rental venue and live-theater space for a variety of arts groups, most recently Broward's Stage Door Theatre. Tabsch is thrilled O gets to take part renewing arts and culture in the area.
'What I'm most excited about is bringing movies to the neighborhood,' Tabsch said. 'North Beach is a wonderful part of the city, full of wonderful restaurants, really walkable streets; there's always something going on. There's such new focus on revitalizing North Beach. To be part of that is terribly exciting.'
Revamped in the early 2000s, the Bryon retains 35mm film projection from the old days, meaning the only real renovation O Cinema must contribute is digital projection. Located a few blocks off Collins Avenue on 71st Street, between Byron and Carlyle Avenues, the Byron Carlyle Theater will be rebranded as O Cinema Miami Beach and operate seven days a week on a year-round basis. The theater is a single-screen auditorium with seating for 304 moviegoers.
'It's a great space,' Tabsch said. 'It's 300 feet, two levels. It's a great, old, beautiful theater that's been underutilized for over a decade. To be able to inject it with new life is going to be great for the neighborhood.'
Tabsch says O Cinema Miami Beach will follow the path of the Wynwood and Miami Shores locations, bringing in films that should be seen by Miami audiences and programming films based on community response.
'North Beach is one of the largest populations of the Argentinean community in Miami, the largest Brazilian community are located within that area, so I'm sure that is going to inform some of our programming. There's so many wonderful films that are coming from Argentina, Brazil, all of Latin America, that I think are undershown in the city.. It's going to be a little bit of everything. What people tell us they want to see is what we'll be bringing them.'
O Cinema Miami Beach has will open sometime this fall. The Byron is 'in glorious shape' inside from its previous restoration, Tabsch says, so installing digital projection is the next task in the takeover.
'We'll be announcing some films very, very soon,' he said. 'We have some major retrospectives in the works that will be happening there. There's a lot of exciting things happening in this space. People who want to find out more when we open should visit our Facebook page and join our email list to keep updated.'
Miami Beach is already home to one art-house cinema, Miami Beach Cinematheque, located in the former city hall building in South Beach.
Copyright 2014 Miami New Times, LLC, All rights reserved.
South Florida restaurant chain scores $40M in EB-5 fundsSeptember 10, 2014
The money is allowing the VooDoo BBQ chain to expand quickly
The owners of Florida franchise restaurant VooDoo BBQ & Grill have raised $40 million from investors in 12 countries through the EB-5 visa program. The restaurant is using those funds to open locations in Miami, Pembroke Pines, Hollywood, Fort Lauderdale, Boca Raton and Pensacola. ï¿½Weï¿½re not where we were in ï¿½04 or ï¿½05 when anybody could get a loan, but the appetite from financial institutions is increasing,ï¿½ Israel Alfonso, a Miami partner in Akerman, whose annual real estate survey measures economic conditions and investor confidence, told the Daily Business Review. To score the finances, Jafrejo Holdings LLC, the chainï¿½s Florida franchisee, sent partners abroad, spending about $150,000 on travel. ï¿½The big misconception is people think this is easy to get. Itï¿½s cheap money, but itï¿½s not easy to get. Itï¿½s challenging, and you have to make sure you connect to people who qualify and can show the U.S. government that the money theyï¿½re investing came from legal sources,ï¿½ Jafrejo partner Joe Sloboda said. ï¿½The biggest part is making sure youï¿½re working with people who fully understand the EB-5 rules and can package your deals in a way that will be approved by the U.S. government and still be accessible to investors. Thereï¿½s a delicate balance.ï¿½ [Daily Business Review] - Christopher Cameron
Copyright 2014 at TheRealDeal
Key Biscayne Home With Private Cove Lists for $60 MillionSeptember 9, 2014
By Kyle Munzenrieder
Oh, there are lots of fancy homes for sale in Miami on the water, but darling, darling, don't you know that's absolutely basic compared to a home with its own private cove? Fortunately, there's just such a home with its own private cove for sale on the tip of Key Biscayne. It's been listed for $60 million, and if it goes for anything near that amount, it would be the single most expensive home ever sold in Miami-Dade. But private cove opportunities come up only every so often.
The property at 775 S. Mashta Dr. has quite the history. The manmade land that creates the cove was created by William John Matheson in 1908. The industrialist at the time owned about two-thirds of Key Biscayne, and this property was his crowning jewel. (Matheson had a thing apparently for manmade bodies of water, as anyone who has visited the lagoon at Matheson Hammock Park knows.)
Forbes notes that Matheson's original home was destroyed in the '50s, and the current home sitting on the property was built in 1991. Its currently owned by unnamed Latin American owners who rent it out for as much as $50,000 a month. Listing agent Jorge Uribe of ONE Sotheby's International Realty stresses that the home could be renovated and that the property has room for up to two more homes.
The property could beat the record for a residential real estate sale in Miami-Dade. That was set last year when a penthouse at the under-construction Faena District in Midbeach went for $50 million.
Copyright 2014 Miami New Times, LLC, All rights reserved.
Courtesy of Miami, See it Like a Native
Publix Where Shopping is a Pleasure
Courtesy of Alvin Lederer
By: Aaron Crowe
The economy is getting better, but money still doesn't grow on trees, so you want to make a few bucks on the side. Whether you need to make money on the side to make ends meet or you're just saving to pay for that dream vacation, there are lots of ways to accomplish your goal without getting a second job.
We've put together some ideas to make money that struck us as reasonably practical for a lot of people, depending on needs, abilities and interests. Many can be done at home in your spare time.
First, a caution: Be aware of scammers. If an opportunity sounds too good to be true, it probably is. Work only with reputable people and companies. Donï¿½t pay someone so you can sell their product, for example.
With that caveat out of the way, here are 14 side gigs to make money:
If you want to try a way to make money that shouldnï¿½t eat up much of your time, try taking online surveys and get paid for your opinion of products and services.
All you have to do is fill out forms. The company will match you up with surveys about products and services aimed at people like you. According to the Penny Hoarder, you can earn $50 a month if you sign up for all nine recommended sites.
Write short articles on a wide range of available subjects. The payï¿½s not fantastic, so speed is key. This Penny Hoarder recommends several of the better-paying content sites.
If you do a lot of online shopping anyway, why not make money and earn credits for it? Money Saving Mom offers the sites she likes best.
You go into a store pretending to be an ordinary customer, but youï¿½re really there to provide the company feedback, such as how clean and organized the store is and how the employees treat you. You make $8 to $15 per location as a mystery shopper. Ka-ching!
Craigslist, eBay, Amazon and other sites put you in contact with thousands of possible buyers. List the items yourself or sell them on consignment.
If you donï¿½t feel like doing all of that work, drop your stuff off an an eBay consignment shop and let them put it up for sale for you.
One of the best community-oriented sites is Nextdoor. The startup says itï¿½s in 35,000 U.S. neighborhoods. Nextdoor is about a lot more than selling stuff, but itï¿½s certainly OK to do that. Itï¿½s super convenient, and dealing with verified neighbors makes both parties comfortable.
This wonï¿½t bring in money right away. The key is to be passionate about your subject and persistent in posting new material.
As you bring more eyeballs to the blog, more advertisers will pay to be on your site. The website Christian Personal Finance offers tips on how to do it well.
You know how some websites take forever to load, are hard to read or navigate, or make you smile with how cool they are? There are companies that will pay up to $30 an hour to provide feedback on the user experience at assigned websites, according to the Penny Hoarder.
According to the National Association of Professional Pet Sitters, the average per-hour charge in the U.S. for this growing service is $16 for a half-hour session. How many you squeeze into your schedule will determine how much you make.
You can earn hundreds to thousands of dollars year on weekends or after work just by being around the sports you love. You might need official certification. Contact your local rec department to find out what they require to get you started on the road to make money with a fun side gig.
Cleaning or helping someone move are some of the tasks available at sites like TaskRabbit and Gigwalk.
Youï¿½ll be an online teacher for someone who wants to learn English at italki.
This is a good way to get rid of clutter (yours and your friendsï¿½ and neighborsï¿½, if you team up) without having to worry about boxing and shipping like you do with eBay and similar sites. But thereï¿½s an art to having a successful garage sale, such as clearly marking your prices and advertising well.
An easy way to get some income is to rent out a room. Of course, you have to carefully screen applicants to make sure they have steady work, compatible hours and habits, etc. You can post the availability on Craigslist.
Copyright 2014. All Rights Reserved. The Credit Solution Program
THE DECORATING MISTAKES THAT CAN HURT YOUR HOME'S VALUEBy: Caylin Harris
Thinking of selling your home...even one day? Real estate experts weigh in on the unexpected little details that could cost you big time in the long run.
1. CHOOSING A CRAZY EXTERIOR COLOR.
ï¿½Curb appeal is huge, donï¿½t pick a paint color that isnï¿½t common in your neighborhood or doesnï¿½t fit the style of your home.ï¿½ -Pam Baldwin Foarde of Al Filippone Associates/William Raveis
2. LANDSCAPING WITHOUT A PLAN.
ï¿½Planting trees too close to the house or drivewayï¿½without considering how big they're going to getï¿½creates major problems later. Roots can cause breaks in the pavement that might raise your homeowners insurance or make it hard for you get a policy until the problem is fixed. Before you plant anything, think about how it will look in twenty years.ï¿½ ï¿½Chris Winn of Kellar Williams/Advantage Group
3. IGNORING YOUR ENTRYWAY.
ï¿½Having a front door lock that doesnï¿½t work properly or hardware that looks old and pitted makes buyers uneasy and puts them on high alert for what else has been let go in the house.ï¿½ -Donna Marie Baldwin of Coldwell Banker
4. ASSUMING YOU'LL RECOUP EVERY INVESTMENT.
ï¿½People spend a lot of money putting in a pool and want to recoup the value when they go to sell their home. Unfortunately, putting in a pool never gets you back the value or cost of the pool.ï¿½ ï¿½Chris Winn of Kellar Williams/Advantage Group
5. FUSSING WITH THE FIREPLACE.
ï¿½Be cautious if youï¿½re thinking about updating the fireplace, especially if you want to paint over exposed brick. Depending on what the trend is at the time it could lower the value. People tend to like the aesthetic of exposed brick.ï¿½ ï¿½Chris Winn
6. SKIMPING ON AN AC SYSTEM.
ï¿½Always pay for the next system up for your homeï¿½s size. Paying more initially will bring down your power bill while you live there and will up the value when you sell.ï¿½ ï¿½Chris Winn
7. GETTING TOO COMPLICATED WITH PAINT.
ï¿½It might be trendy to paint the trim a contrasting color, but it distracts the eye. Keep it the same color as the wall to maximize the space.ï¿½ ï¿½Davida Hogan, home stager at Edited Style
8. KEEPING OLD APPLIANCES.
ï¿½Pay attention to the brand and quality of your major kitchen appliances. If something is classic and well maintained thatï¿½s always a positive. But if you canï¿½t get something clean it needs to be replaced. People donï¿½t want to move in and have to replace all of the appliances.ï¿½ -Pam Baldwin Foarde
9. NEGLECTING THE SMALL STUFF.
ï¿½Buyers have their eye on details you might forget. Keep up with cleaning and maintaining windows, making sure light switches work, or making sure the garbage disposal runs properlyï¿½it all shows that the house has been cared for.' ï¿½Davida Hogan
10. NOT DOING A DEEP CLEAN.
ï¿½Even the tiniest details matter when it comes to cleaning. The tracks of windows, sinks, grout, ovens, and appliances are all looked at by buyers.ï¿½ ï¿½Donna Marie Baldwin
11. BEING TOO TREND OBSESSED.
ï¿½Buyers arenï¿½t attracted to trendyï¿½they are looking for kitchens or bathrooms in classic, neutral colors. If you want to add color and personality to your home use bright accessories (that are easy to change) to bring in fun details.ï¿½ ï¿½Pam Baldwin Foarde
12. CHOOSING HARD TO CLEAN SURFACES.
ï¿½Make sure you spend money on the correct cleaners for your countertops. Permanent stains on kitchen and bathroom counters mean that the whole piece will need to be replaced.ï¿½ -Pam Baldwin Foarde
13. THINKING TOO SMALL IN SMALL SPACES.
'Kitchens and bathrooms sell homes. That being said, you always want to make a small space feel as big as possible. Donï¿½t re-tile a small bathroom with small tiles; they only make the space feel smaller. Use bigger tiles; theyï¿½ll open the space up.ï¿½ ï¿½Davida Hogan
14. NEGLECTING YOUR WOOD FLOORS.
ï¿½I recently refinished the floors in my own home and found out that you shouldnï¿½t clean them with water and vinegar because it dulls them over time. Also, instead of a complete overhaul you can have your floors buffed every few years.ï¿½ -Pam Baldwin Foarde
Copyright 2014 Hearst Communications, Inc. All Rights Reserved
Related Group campaigns for Edgewater promenadeSeptember 8, 2014
The developer hopes to build one continuous waterfront walkway
The Related Group is pushing for a public bayside pedestrian promenade through Edgewater, which the firm is calling the Biscayne Line. The developer has commissioned a survey from Arquitectonica showing waterfront conditions, and suggesting what can easily be implemented in the near future, and what might be more difficult, according to Curbed. The Biscayne Line would eventually run the entire length of Edgewaterï¿½s bayfront from Albert Pallot Park, just to the north of the Julia Tuttle Causeway, to Museum Park to the south. The Arquitectonia survey shows that a significant portion of the bay walk already exists. In the southern section of Edgewater, larger properties make implementation easy, while in the northern section development would be more complicated, according to Curbed. [Curbed] ï¿½ Christopher Cameron
All rights reserved ï¿½ 2014 The Real Deal
Miami Dade Transitï¿½s 10-Year Plan is an AbominationSeptember 8, 2014
By: Felipe Azenha
Miami-Dade Transit has no plan to extend Metrorail nor is Bus Rapid Transit (BRT) on their radar in the foreseeable future. Take a look at their 10-year plan; complete fluff with no substance, no future transit vision, or measurable goals ( ie. add X miles of BRT or add X bus shelters, Baylink extension). Essentially Miami Dade Transit has no game plan for the next 10 years. See for yourselves.
Copyright 2014 TransitMiami.com
This is was Downtown Miami & Brickell in 1984- Before and AfterSeptember 4, 2014
Miami has changed dramatically in the past 30 years. In the photo on the left. The Miami Tower was almost halfway to construction and there were not many high rise buildings. They were also starting construction on South Miami Ave Bridge and the metromover was not built yet. Fast forward to 2014 and Miami looks nothing like it did/ Condos and offices line the Miami skyline on what were previously empty lots. Makes you wonder what Miami will look like in 2044?
Click on the link below to view before and after photos of Miami.
Copyright 2014 by Golden Dusk Photography, All rights reserved
September 2, 2014
Heat's Luol Deng buys waterfront Miami home
By: Eric Kalis
Small forward pays $4.6 million for five-bedroom house in city's Morningside neighborhood
Luol Deng, one of the Miami Heat's newest additions, plunked down $4.6 million for a waterfront home in the city's Morningside neighborhood, The Real Deal has learned. The small forward closed on the all-cash purchase of the 5925 North Bayshore Drive house on Friday, according to EWM Realtors International senior vice president Nelson Gonzalez, who handled the listing on behalf of seller Saad Mahmoud. Deng signed a two-year contract with the Heat in July. His new home has five bedrooms and nearly 3,400 square feet of living space. Miami-Dade County has not recorded the transaction. The home was listed with a $4.85 million asking price. Mahmoud paid about $1.03 million for the 32,445-square-foot property in June 2001. The home was originally constructed in 1928. Features include a chef's kitchen, heated pool, hot tub with a waterfall, a large dock with a boatlift and a two-story guesthouse. Deng plans to renovate the main house, according to Gonzalez. This is a fabulous lot with a very nice dock and view of the bay, Gonzalez told TRD. Deng wanted something with a larger lot and was looking at things over in Miami Beach. But when he saw this he immediately fell in love with it. Deng was represented by Oren Alexander of Douglas Elliman Real Estate and Carolina Lara of Fonseca Duek Realty.
All rights reserved Copyright 2014 The Real Deal
Interesting panel comparing Miami to other global cities at the Miami New Construction Show.
On my way home yesterday from showing my beautiful listing at 5838 Collins Ave. Looks like it's going to be a busy weekend on Miami Beach.
Very interesting presentation on a new platform allowing investors to publicly solicit requests for alternative financing for real estate investments!
1933 - Courtesy of Miami See it Like a Native
August 29, 2014
New $540M courthouse proposal draws critics
Commissioners disagree about how to fund the project
A proposal for a new taxpayer funded Miami courthouse is facing critics. At a recent public meeting, commissioners disagreed over what should be on a proposed ballot question seeking $540 million, according to the Miami Herald. ï¿½From the standpoint of need, I understand it completely,ï¿½ said Commissioner Esteban ï¿½Steveï¿½ Bovo, chairman of the commissionï¿½s finance committee. However, he questioned issuing another $540 million in debt after taxpayers approved $1.2 billion in new government debt for public schools and $830 million for the Jackson Health System. The current proposal would include the costs of building a new courthouse on county-owned property, $25 million in repairs for the current courthouse and refinancing an existing $132 million debt. At a recent gathering lead by Commissioner Xavier Suarez at the historic Dade County Courthouse everyone agreed that a new courthouse is necessary ï¿½ just not how to pay for it. ï¿½Weï¿½re going to lose a couple of commissioners, not to mention the general public,ï¿½ without an incentive, Suarez said. [Miami Herald] - Christopher Cameron
All rights reserved Copyright 2014 The Real Deal
Downtown Miami's 'Grand Central' Station Will Change It AllAugust 28, 2014
By: Curbed Staff
Strolling through the western side of Downtown Miami (the area between I-95 and Miami Ave), can be quite a disheartening experience. When you envision the center of a city as well known as ours, you picture dense streets full of people and activity, especially in the immediate vicinity of the biggest station (Government Center Station) in the city's public mass transit rail system! The reality, however, is that this part of Downtown is far from resembling a major urban center at all; endless blocks of fenced in parking lots and decrepit faceless buildings make up a very desolate landscape, but with the new passenger rail train hub being built by All Aboard Florida, often called Miami's 'Grand Central Station', that's all about to change.
A quick glance at a map of the land use around Government Center Station, put together by Matthew Toro at miamigeographic.com, reveals the immediate area around the station mainly consists of parking lots and institutional buildings (mainly courthouses); lacking any substantial residential, commercial, or office land use. It is hard to fathom that some of the best connected land in our city is practically abandoned. (as it also is at multiple other Metrorail stations, mostly to the north) The area in need of improvement is vast and it would take a combination of several projects to significantly alter the current landscape. Fortunately, that is precisely what is brewing here. An explosion of change is impending and it will transform this part of Downtown forever.
At the epicenter of it all, is All Aboard Florida's Miami Grand Central Station. This massive elevated station will sit on various blocks of parking lots between the Metrorail tracks and NW 1st Ave, connecting to Government Center station. Apart from a 21st century terminal for trains travelling from Miami to Orlando, the station plan includes thousands of square feet of retail and office space. There have also been talks of consolidating a Miami-Dade Transit bus depot into the plan in exchange for county land adjacent to the project expanding the station's already enormous footprint.
All around the station, new developments are being planned. To the south east at 70 SW 1st Street, a 51-story tower will sit on top of an existing municipal parking lot. To the north west, at the old Miami Arena site, a Las Vegas-worthy 2000 room Marriot Hotel and Convention center will rise (in previous announcements, the hotel was shown to be directly connected to the station via a concourse, although it seems that plan has been eliminated) as part of the epic, city-within-a-city, Godzilla-sized mega project Miami World Center.
To the north east, All Aboard Florida and Don Peebles have teamed up on an Overtown redevelopment megaproject which will include affordable residential and retail space, which as previously reported by Curbed, will be directly connected to the Choo-Choo. This project promises to return Overtown to the vibrant neighborhood it once was.
To the south west, HistoryMiami has recently expanded into the old Miami Art Museum space at the Miami-Dade Cultural Center, which it will utilize to showcase the thousands of artifacts it has collected to tell Miami's History. In the vicinity, the new Miami Children's Courthouse is about to open, and a push for a new facility to replace the historic Dade County Courthouse at 73 W. Flagler St. is currently in full swing. This would mean the beautiful structure could end up in the hands of a developer with the deep pockets to restore it properly, and be remodeled into a fancy hotel or residential building conveniently located next to the busy station. It is also worth noting, that the court marks the endpoint for the Flagler street re-do, planned to revitalize the historic street all the way from Biscayne Boulevard to the court.ï¿½Andy Morales Future FEC Downtown Miami Station [Curbed Miami]
Copyright 2014 Vox Media Inc. All rights reserved.
32 Crazy Things You Will Need In Your Dream HouseSeptember 1, 2014
Everyone has a dreaming house, and everyone has ideas on cool things to have in their dream home. We have gathered a bunch of crazy things that you will need in your dream house. Take a look, Outdoor Kitchen, Balcony Pool, outdoor movie theater,Hidden Roomsï¿½ what is your favorite?
Click on the link below to view images
25 Simple Clever Upgrades To Make Your Home Extremely AwesomeAugust 31, 2014
Everyone has a dreaming house, these 25 brilliant ideas will show you how easy it is to upgrade your house into your dream home. They will help get you inspired to start the home upgraded project and the most important thing is that you donï¿½t necessarily have to break the bank.
Click on the link below to view images
Copyright Architecture & Design 2014
We're thrilled to announce Saks Fifth Avenue as the anchor store for Brickell City Centre!MIAMI, FL (August 20, 2014) ï¿½ Swire Properties Inc, one of South Floridaï¿½s leading international developers of urban real estate, and Whitman Family Development, developers of Bal Harbour Shops, today announced an agreement with Hudsonï¿½s Bay Company for leading luxury retailer Saks Fifth Avenue to open a department store in Brickell City Centre. The retailer, due to open fall 2016, is the lead tenant and will occupy three floors with street level access taking 107,000 square-feet of the 565,000 square-foot shopping center.
ï¿½Miami is a gateway for the international consumer and we know this buyer, understand their lifestyle and their demand for quality and luxury. We envision Brickell City Centre as the nexus of Miamiï¿½s cosmopolitan lifestyle and booming economic growth, and want to work with brands that are leaders in the luxury market,ï¿½ said Stephen Owens, president of Swire Properties. ï¿½Saks Fifth Avenue is a world-class retailer and a perfect department store for Brickell City Centre.ï¿½
Brickell City Centre is set to bring urban living to the Brickell neighborhood, a bustling business epicenter which attracts both the high net worth resident and an international clientele. Brickell City Centre is a landmark $1.05 billion mixedâuse development of 5.4 million square feet including office, residential, hotel, retail and entertainment space, and underground parking, currently under construction. The project will span 9.1 acres along South Miami Avenue between Sixth and Eighth Street in the Brickell district of Downtown Miami.
ï¿½Bal Harbour Shops has a long and storied relationship with Saks Fifth Avenue. Saks caters to their clients by creating innovative shopping experiences that fuse contemporary culture and high fashion,ï¿½ said Matthew Whitman Lazenby, president and chief executive officer of Whitman Family Development. ï¿½Saksï¿½s continued growth in Miami is evidence of the continued demand for luxury retail in this market, and it is clear they are a powerhouse in that segment and will offer Brickell an incredible selection of the worldï¿½s foremost fashion brands.ï¿½
About Swire Properties
Swire Properties Inc, headquartered in Miami since 1979, is one of South Floridaï¿½s leading international developers of urban office, hotel and condominium properties. Known for its $1 billion masterâplanned development of the island of Brickell Key in downtown Miami, Swire continues to shape the Miami skyline with its latest project, Brickell City Centre, a landmark $1.05 billion mixedâuse complex comprising a gross floor area of 5.4 million gross square feet, including an underground carpark and 2.9 million square feet of office, residential, hotel, retail and entertainment space. The Company is a wholly-owned subsidiary of the publicly-listed Swire Properties Limited based in Hong Kong. For more information, visit www.swireproperties.us.
About Brickell City Centre
Brickell City Centre is a $1.05 billion mixed-use development in Miami and an iconic representation of the impact Swire Properties Inc has on the city. Strategically and conveniently located in the center of the Brickell financial district, the 5.4 million square-foot development, including an underground carpark, will span 9.1 acres and include 565,000 square feet of shopping and entertainment, two residential towers, 263-room hotel with 89 serviced apartments, a wellness center and Class-A offices. The project is LEEDï¿½-registered for Neighborhood Development ï¿½ currently one of the largest in the U.S. Sustainability elements include the exclusive CLIMATE RIBBONï¿½, an elevated trellis composed of steel, fabric and a continuous surface of glass that will connect all components of the development and create a comfortable microclimate for shoppers. As the largest private-sector project currently under construction in Miami, Brickell City Centre began vertical construction in 2013 and the first phase of construction is scheduled to begin completion at the end of 2015. A second phase of construction will begin in 2016. More information is available at www.brickellcitycentre.com.
ABOUT HUDSON'S BAY COMPANY
Hudson's Bay Company, founded in 1670, is North America's longest continually operated company. Today, HBC offers customers a range of retailing categories and shopping experiences primarily in the United States and Canada. Our leading banners - Hudson's Bay, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH - offer a compelling assortment of apparel, accessories, shoes, beauty and home merchandise. Hudson's Bay is Canada's most prominent department store with 90 full-line locations, one outlet store and thebay.com. Lord & Taylor operates 49 full-line locations primarily in the northeastern and mid-Atlantic U.S., four Lord & Taylor outlet locations and lordandtaylor.com. Saks Fifth Avenue, one of the world's pre-eminent luxury specialty retailers, comprises 39 U.S. stores, five international licensed stores and saks.com. OFF 5TH offers value-oriented merchandise through 78 U.S. stores and saksoff5th.com. Home Outfitters is Canada's largest kitchen, bed and bath specialty superstore with 69 locations. Hudson's Bay Company trades on the Toronto Stock Exchange under the symbol 'HBC'.
ABOUT WHITMAN FAMILY DEVELOPMENT, LLC
Whitman Family Development is a family-owned, diversified real estate development, management, and leasing company specializing in retail and headquartered in Miami Beach, Florida. Among other interests, Whitman Family Development is the developer, owner and operator of the acclaimed Bal Harbour Shops, ranked the worldï¿½s #1 shopping center by the International Council of Shopping Centers, and is the co-developer of the retail components of Miamiï¿½s Brickell City Centre.
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