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Real Estate

Billionaires Mega Yacht Attessa IV Docked in Miami

Billionaires Mega Yacht Attessa IV Docked in Miami

Miami has been a destination to over 13 millions visitors every year.

Late last month, we were visited by the super yacht Atessa IV, a 337-foot mega-yacht owned by Dennis Washington. Built in 1998, the super yacht has gone through a total redesign and renovation since its purchase in 2007, featuring helipad, a fifth-floor sky lounge and bar, a grand staircase flanked by Henry Moore sculptures, a lit pool and deck that includes a spa, and a completely redone engine room. Four rooms were transformed into a gym, a spa, and a massage room.

The Super yacht was moored at the Miami Bayfront Park adjacent to the American Airlines Arena. There aren’t many choices today for docking a ship of this size other than the Port of Miami in between the cranes.

There is a lot going on in Miami lately, new projects are changing the scene of this vibrant city, yet to debut with super luxury amenities and services cater to the super wealth. We are not talking just about building luxury condominiums but creating a whole infrastructure for a sustainable future.

According to the Knight Frank Report (2015) Miami ranked 6th as a destination for High Net Worth Individuals, and among the many planned projects we have a super yacht Marina underway, Island Gardens.

The Island Garden is an audacious project that will feature a super yacht marina on its 1st phase scheduled for completion late 2015, followed by 2 hotels, world class retail and restaurants for completion late 2017.

Island-Gardens-Ad

The Deep Harbor at Island Gardens will feature 5,000 liner feet of capacity, accommodating an average of 50 yachts stretching up to 550 feet with drafts between 18-25 feet deep. The Marina will include in slip fueling, customs and immigration clearance, 24 hours concierge and dock masters and much more.

According to the developer Flagstone Property Group, the project is scheduled for completion late 2015 for the Miami Boat Show, introducing a new show the Superyacht Miami by Show Management catered exclusively to SuperYachts. The project will contribute to a great economic impact of 98.1 million in sales tax during the first three years.

Click here for more information about Island Gardens Project

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Real Estate

Port Miami Tunnel Set to Open in May

Port Miami Tunnel

Port Miami Tunnel Set to Open in May

The tunnel will connect the MacArthur Causeway with PortMiami.

The $1 billion Port Miami Tunnel Project is nearing completion.

“It is kind of like finishing up your kitchen remodeling job. We are down to the kind of surface you’re going to put on top of the kitchen cabinets,” said Chris Hodgkins, Vice President of Miami Access Tunnel, the company that is building the project.

Hodgkins is vice president of Miami Access Tunnel, the company in charge of the construction.

“We are going to open this baby up in May and we are going to have traffic coming through,” Hodgkins said. “Right now, we are on time, on schedule and on budget.”

Boring Machine ‘Harriet’ Tunnels Through to Watson Island

A tour of the twin tunnels reveals that the workers are in the process of adhering fire proof panels on the tunnel sides and asphalt is being laid on the roadway. When open, the twin tubes will sport shiny tile walls and two lanes within the northbound and southbound tunnels.

The tunnels will connect the MacArthur Causeway with Port Miami. The project will bring cargo carrying 18-wheelers and cruise ship passengers into the port in a more efficient manner. For years the trucks have caused traffic problems in downtown Miami as they wound their way through the heart of the city to the port.

This is the first stage of a series of infrastructure projects, the dredging along the port is another improvement that will allow super cargo ships to access the Port Miami providing a much efficient flow. Miami is on its way to become an economic epicenter for the Americas in a much broader scale.

By Hank Tester NBC 6
Click here for the full story

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Development Real Estate

Espacio To Build $412M Mixed-Use Project In Miami’s Downtown

Spanish Developer To Break Ground Early Next Year

In its first major U.S. development, Spanish developer Espacio USA has received approval from the city of Miami for a $412 million project to build a 12-story office building, a condominium building and ground-level retail in downtown Miami’s Omni area.

It’s the first major development in the Omni area since the last real estate boom, receiving approval from Miami’s planning, zoning and appeals board last week. Architecture firm Pei Cobb Freed & Partners designed the mixed-use project, its first in Miami since the iconic, color-changing Miami Tower.

The development at 1400 Biscayne Blvd. by Espacio USA, the American division of Spain-based real estate firm Inmobiliaria Espacio, will break ground in early 2013 and take five years to complete.

In addition to the 12-story, 103,000-square-foot office building designed to achieve LEED (Leadership in Energy and Environmental Design) Gold certification, the project will include a 55-story condo tower with prime street-level retail.

Demand for residential and commercial property is rebounding in downtown Miami. The area’s inventory of new, unsold condo units has dropped below 2,900 units as of June 30, 2012, a decrease of 30% from a year ago, according to the Miami Downtown Development Authority (DDA).

More than 200 new businesses have opened since 2005 and the office market is experiencing net positive absorption as new-to-market tenants arrive and existing companies expand.

Source: Costar
By Randyl Drummer