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Development Projects Real Estate

Zaha Hadid Is Designing A Skyscraper In Downtown Miami

Zaha Hadid Is Designing A Skyscraper In Downtown Miami

Zaha HadidAccording to Curbed Maimi, Zaha Hadid, the internationally acclaimed Pritzker Prize winning star architect, and one of the most revered architects of our time, is designing a condo tower at 1000 Biscayne Boulevard, her first skyscraper in the western hemisphere.

Curbed Miami has learned via email from Gregg Covin, one of the developers of the project, the other is Louis Birdman. The building will fill a gap in the section of the “Biscayne Wall” of condo towers across from Museum Park in Downtown Miami. The site is currently occupied by a BP Station, which Curbed Miami had theorized months ago might soon be built upon. The tower’s designs will be unveiled early next year and will be the “most iconic tower ever to be built in Miami.”

by Sean McCaughan

1000 Biscayne Blvd

[bingMap location=”1000 Biscayne Blvd” maptype=”RoadWithLabels” width=”600″ zoom=”15″ description=”1000 Biscayne Blvd”]

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Architecture Development Real Estate

Hallandale approves condo king Jorge Perez’s $100 million, high-rise Beachwalk project

Hallandale Beach commissioners gave final approval Wednesday night to developer Jorge Perez’s plan to construct Beachwalk – a $100-million, 31-story hotel-residential complex on the Intracoastal Waterway.

The proposed 305-foot tower at 2600 E. Hallandale Beach Boulevard will contain 216 two-bedroom hotel-condominium suites, 84 residential units, a 1,225-square-foot restaurant and a five-story parking garage.

Commissioners also gave approval for Perez’s Related Group of Florida to spend $2.5 million to create a lush park, with a two-story restaurant and concessions, at the city’s nearby oceanfront North Beach Park.

The group will manage the facility, but the city commission said the public would still have access to the oceanfront. The term of the lease was reduced from a proposed 30-year agreement to 15 years.

In approving the project, the developer received various zoning exemptions and concessioners, including a giveway by the city of more than a third of an acre of right-of-way along portions of Diana Drive to allow for more residential units. – William Gjebre

June 7 – Hallandale Beach commissioners unanimously gave a tentative green light Wednesday night to Miami developer Jorge Perez’s plans to construct Beachwalk — a $100-million, 31-story, hotel-residential complex on the Intracoastal Waterway where the popular Manero’s restaurant once stood.

At the same time, commissioners put off until later this month a vote on a another aspect of the deal that would give Perez long-term control of a nearby prime parcel of city-owned oceanfront property to develop as a park with a restaurant.

The proposed 305-foot tower, at 2600 E. Hallandale Beach Blvd., would contain 216 two-bedroom suites that could serve as hotel rooms or condominiums, as well as an additional 84 apartments dedicated to being condominiums only. Plans include a 1,225-square foot restaurant and a five-story parking garage.

Final approvals are to be voted on June 20.

The developer, PRH-2600 Hallandale Beach LLC, is a Miami company controlled by Perez, chairman of the Related Group of Florida. If finally approved, the developer will receive various zoning exemptions and concessions, including a giveaway by the city of more than a third of an acre of right-of-way along a portion Diana Drive to allow for more residential units.

Local activist and commission candidate Csaba Kulin complained the project was too massive and that the city should not be awarding a 30-year contract for the development of the city’s one-acre oceanfront parcel.

“I’m against any giveaway of the beachfront area,” said candidate Kulin.

Kulin believes the deal would give another nearby Perez development access to the ocean and the developer control of 91 public parking spaces at the nearby residential Beach Club.

Kulin previously urged commissioners to defer the tower project because many of the residents are snowbirds and won’t be back in town until the fall.

“The problem is they are trying to shoehorn too big a building on a small site,” Kulin said.

The total site is 1.68 acres, including the land from Diana Drive.

Mayor Joy Cooper said earlier that negotiations with the developer were continuing.

“A lot of things can change,” said Cooper said, who noted that a parking shortage at the tower might not be as severe as it appears.

Cooper said she was not necessarily concerned about Perez’s group developing and managing the city’s North Beach park property, especially since he will pay for the improvements in accordance with the city’s master plan for parks. The city will be paid a percentage of the revenues from the restaurant and other concessions made available in the park, she said.

Cooper said Hallandale Beach needs new hotel space, especially at the oceanfront to attract tourists and visitors. The restaurant in the park will provide a wonderful oceanfront setting for dinners, she added.

Commissioner Keith London, who is running against Cooper, agreed.

“There is a need for quality hotel space in Hallandale.”

Perez, known as Miami’s “condo king,” did not appear at Wednesday’s meeting to talk about Beachwalk.

His Fort Lauderdale attorney, Debbie Orshefky of Greenberg Traurig, told commissioners, “We are confident that it will be successful.”

London and other commissioners hope to extract some concessions before the final vote, including a pledge from the developer that the beach park project will be completed first. Another request: regular monitoring of parking around the facility.

Residents who spoke at the meeting were equally divided on both sides of the project.

City staff endorsed the project. London, however, said he wasn’t happy that it took nearly two years to reach the commission, and that some agreements between the city and developer were incomplete.

City documents say the developer has vowed to spend up to $2.5 million to reshape the rundown North Beach park area with a two-story, 4,000-square foot structure to include the restaurant, restrooms and changing facilities for both beach goers and diners. There would be an additional 3,000 square feet of patio area facing the ocean.

Plans for the full-service restaurant call for indoor seating for 80 persons and outdoor seating for 100. Patrons could rent beach chairs, umbrellas, paddle boards and canoes. A volleyball area is planned.

For the first 10 years of the 30-year lease, the city would collect a minimum of $5,000 a month or 2.5% of gross park concession receipts, whichever is greater. The percentage would go up a notch to 3% in years 11 through 20, and rise another half-percent to 3.5% from years 21-30.

The concessionaire would pay all operating and maintenance for the park facility, and also give the city $200,000 to maintain other city parks.

Prior to issuance of the first building permit for the high-rise tower, the developer would give the city another $550,000 — $250,000 to be used for public improvements and $300,000 for improvements to affordable housing.

By William Gjebre, BrowardBulldog.org
William Gjebre can be reached at wgjebre@browardbulldog.org
Hallandale approves condo king Jorge Perez’s $100 million, high-rise Beachwalk project

Click below to learn more about Beachwalk by Pininfarina

Beachwalk offers 2 and 3 bedroom residences featuring Condo Hotel, great amenities and exclusive services.

Beachwalk by Pininfarina

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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

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Projects Real Estate

Porsche Building – A planned Sunny Isles Beach condo, cars and drivers ride elevator home

The latest twist on designer parking garages: a Jetsonesque elevator that whisks residents to their condos while they are still in the driver’s seat.

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Pull over into the designated space. Turn off the engine. And enjoy the oceanfront view as you escalate in a glass elevator that takes you, while you are sitting in your car, to the front door of your apartment.

No, this is not the latest Disney ride.

Porsche Design Tower – The $560 million Jetsonesque tower will rise in Sunny Isles Beach as part of a collaboration between Germany-based Porsche Design Group and a local developer, Gil Dezer. It likely will be the world’s first condominium complex with elevators that will take residents directly to their units while they are sitting in their cars.

“You don’t have to leave your car until you are in front of your apartment,” said Juergen Gessler, CEO of Porsche Design Group.

Here is how it will work: After the resident pulls over and switches off the engine, a robotic arm that works much like an automatic plank will scoop up the car and put it into the elevator. Once at the desired floor, the same robotic arm will park the car, leaving the resident nearly in front of his front door. Voila, home!

The glass elevators will give residents and their guests unparalleled views of the city or of the ocean during their high-speed ride, expected to last 45 to 90 seconds.

“What this is really doing is taking two technologies that have existed for centuries and putting them together,” said Gil Dezer, president of Dezer Properties. “It’s taking the robotic arm and it’s putting it in an elevator.”

The building, to named Porsche Design Tower, was approved unanimously Thursday night by the Sunny Isles Beach City Commission. Before the meeting, Mayor Norman S. Edelcup said he had not heard any opposition to the plan.

The cylindrical building will be erected on 2.2 acres of land at 18555 Collins Avenue. The 57-story luxury tower will have 132 units. Smaller units will be allocated two parking spaces and larger ones will have four, with 284 robotic parking spaces in total. There will be three elevators.

Residents will be able to see their cars from their living rooms.

“So people with fancy cars and antiques, they will actually have a really nice view of them,’’ Dezer said.

Units will range from 3,800 to 9,500 square feet and could cost up to $9 million.

The car elevators are the latest twist on Miami Beach’s burgeoning passion for designer parking garages. The highly acclaimed 1111 Lincoln Road designed by Swiss architects Herzog & de Meuron opened in 2009; also planned are garages by London architect Zaha Hadid, Mexico’s Enrique Norten and Miami’s own Arquitechonica.

Dezer said his hopes are that many other buildings in the United States and the rest of the world will be constructed following the Porsche Design Tower model.

But this will be the first and last one in South Florida, he said.

“We want to keep this really exclusive and not have this become a McDonald’s kind of style. The tower is going to change the skyline of Miami Beach,” Dezer said. “This is something Floridians should be proud to have in their state.”

Click here to learn more about Porsche Design Tower

Read more here: http://www.miamiherald.com/2011/11/17/2507333/at-planned-miami-beach-condo-cars.html?story_link=email_msg#storylink=cpy
http://www.miamiherald.com

By Lidia Dinkova
LDINKOVA@MIAMIHERALD.COM

Categories
Projects Real Estate

Las Ramblas Country Club, Doral’s new spanish style living community

LAS RAMBLAS COUNTRY CLUB A NEW SPANISH MEDITERRANIAN-STYLE LIVING COMMUNITY IS CALLING FOR YOUR ATTENTION

Miami, Florida – On March 25 and 26, 2011, Terra Group and Shoma Group open the doors to your new home at Las Ramblas Country Club. Country club living awaits you as you embark on finding your place in the sun. Las Ramblas, both elegant and comfortable offers residences surrounded by lakes and picturesque green scenery. Doral’s newest neighbor, Las Ramblas offers the benefits of living in an international city with a backyard country feeling.

Both Terra Group and Shoma Group are two prominent locally based real estate companies that have joined forces to launch a new ground breaking 250 acre residential community, bringing you luxurious and spacious 3 and 4 bedroom single and two-story family residences starting from the $300,000’s. Terra Group and Shoma Group have extensive experience in building thousands of single family homes condominiums, lofts, mid rises, and villas for satisfied home buyers throughout South Florida.
Conveniently located in the Fontainebleau Lakes area, Las Ramblas is just minutes away from the Dolphin Mall, International Mall, Miami International Airport, excellent schools for all ages and accsess to 836 and other major highways.

Las Ramblas a gated community offers security while you are home or away with its convienent 24 hour service. Offering piece of mind and tranquility, this community has many extracurricular activites that everyone in the family can enjoy, such as, a swimming pool, childrens playground, lighted tennis courts, putting greens, walking trails, and over 80 acres of beautiful green landscaping. The clubhouse is a great place to have family get togethers; convienent kitchenette and private party rooms leading to the pool area.

Notable for its originality to detail and rich quality of community life, Las Ramblas is a place you will want to call home. Both family-owned and operated home builders, Terra Group and Shoma Group, know about the simplicity of family living and ranked high amongst their competitors; bringing you the highest quality of living without damaging your wallet. Recently named #1builder for home sales in Miami Dade County by the Miami Herald, Terra Group knows something about satisfying the prospective buyers’ needs. Award winning developers, shoma group, allows for lifestyle, location, and luxury to converge in every development.

Join us on March 25 and 26, 2011 as we open the doors to your new home at Las Ramblas Country Club. Visit our on-site sales center located at Fontainebleau Blvd and NW 97th Avenue. You will be glad you did.

For more information visit: https://investinmiami.com/las-ramblas/

Source: Las http://www.livelasramblas.com

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Real Estate

Louis Vuitton moving to the Design District

Louis Vuitton’s plans could play a major role in putting Miami’s Design District on the fashion map and helping raise Aventura Mall’s luxury profile.

Louis Vuitton is ready to redesign South Florida’s luxury retail market.
Executives of the French brand known for its trademark handbags and accessories said this week they will leave the Bal Harbour Shops at the end of June and move to Aventura Mall where they will eventually more than double the size of their store. Also on the agenda: opening a second store in the burgeoning Miami Design District by 2014.
The news is a blow to the dominance of the Bal Harbour Shops, which in 1965 created the concept of luxury retail in South Florida and has consistently ranked as one of the industry’s top performing malls.

Louis Vuitton’s arrival will help Aventura Mall continue to elevate its merchandise mix. For Miami’s Design District this could be the catalyst to turn the area into a fashion destination akin to SoHo or New York City’s Meat Packing District. Expected to follow Louis Vuitton’s lead are at least some—or possibly all—of the other brands owned by parent-company Louis Vuitton Moët Hennessy that currently have stores at Bal Harbour.

The chess moves begin when Louis Vuitton’s lease at the Bal Harbour Shops expires at the end of June. Louis Vuitton then opens a temporary store at Aventura on July 1, with plans to begin construction of a two-story flagship store at Aventura to open in Fall 2012. Plans for the Design District are still being finalized.

Geoffroy Van Raemdonck, president of Louis Vuitton North America, said the brand decided it needed a bigger store in South Florida than Bal Harbour could accommodate and also did not want to be limited to one store in the market. Bal Harbour’s leases prohibit tenants from opening a second store within 20 miles unless Bal Harbour’s owners receive a percentage of the additional store revenue.

“We believe that this market deserves more than one free-standing store,” Van Raemdonck said. “We feel that we are not reaching the customers if we have only one store in the market. We want to give them multiple chances to experience the brand in its full notoriety.”
The move is particularly dramatic because Louis Vuitton was one of Bal Harbour’s oldest and most successful tenants. The brand has been there for about 30 years, when it chose the site for its first U.S. location outside of New York.

Louis Vuitton’s Miami-Dade presence beyond Bal Harbour had been limited to departments within Bloomingdale’s in Aventura and Neiman Marcus at the Village of Merrick Park. By comparison, Palm Beach County has three stores: Worth Avenue, Town Center at Boca Raton and The Gardens Mall in Palm Beach Gardens.

Industry experts view Louis Vuitton’s decision as a sign of things to come with luxury brands under pressure to grow.

“It may not be as sexy today to have Aventura on your bag as it is to have Bal Harbour,” said Arthur Weiner, principal of AWE Talisman, a Coral Gables firm that handles retail leasing and development. “In these days sexy gets put in second place. Sales and profitability get in first place. If Louis Vuitton trades a single-store strategy for a North and South location, there is no doubt that their sales would increase by three or four fold.”

On a temporary basis, the Louis Vuitton store at Aventura will be located in the former Barney’s Co-Op store. The permanent Louis Vuitton store will be more than twice the size of the existing Bal Harbour location, with a grand staircase connecting the two floors.

But even more dramatic will be Louis Vuitton’s move to the Design District, which in recent years has grown its reputation as a destination for dining and upscale home décor. Yet, despite the best efforts of developer Craig Robins, the mix of luxury fashion brands has been limited with the most noteworthy being Christian Louboutin and Marni.

“We believe that the Design District has huge potential,” Van Raemdonck said. “We feel that we can be the first large brand to go in there and we have no doubt that others will follow.”
At least some of those followers are expected to come from among the nearly dozen other LVMH brands that currently have stores at Bal Harbour, a lineup that includes Dior, Marc Jacobs, Fendi, Celine, Emilio Pucci, Thomas Pink and De Beers.

Matthew Whitman Lazenby, one of the owners of Bal Harbour, says his family was told by LVMH executives that the company plans to pull all brands out of the shops as their leases expire. But Lazenby also said they have been told by individual brands that is not the case.

The only other LVMH brand with a lease expiring this year is Dior, whose lease expires at the end of May. Dior has not renewed its lease with Bal Harbour, and the mall is taking steps to find another tenant for the space, Lazenby said.
“We don’t really know what will happen until it happens,” Lazenby said. “We’re making provisions for both sets of circumstances. There has always been a long waiting list of tenants to get into Bal Harbour. The more LVMH brands that depart, the more opportunities we create.”

LVMH executives declined requests to talk about future plans for any of its other brands in South Florida.
Bal Harbour’s owners used news of Louis Vuitton’s imminent departure earlier this month when it presented plans for expansion to the Village Council. Bal Harbour claims it had no space for Louis Vuitton to expand. Stanley Whitman, who built the 46-year-old project, told the council that if he could not expand he ran the risk of losing tenants to Aventura Mall, South Beach and other locations around South Florida.

Preliminary plans call for adding another department store to the Bal Harbour Shops, as well as 50 luxury fashion retailers, an upscale movie theater and an event space by party impresario Barton G. The plans have not been officially submitted to the Village Council for review.

The last time Miami’s luxury retail market faced a potential shakeup along this order came with the construction of the Village of Merrick Park in Coral Gables. Merrick Park’s developers sued the Bal Harbour Shops’ owners over the radius restriction clause. The case settled, and Bal Harbour Shops agreed to waive the radius restriction with respect to Merrick Park. But for retailers like Gucci and Tiffany that opened second stores in Merrick Park, the owners of Bal Harbour Shops relocated them to the mall’s second, less desirable floor when their existing leases expired.

Industry experts say that just like with Merrick Park’s opening, Bal Harbour Shops will adjust even if it means its sales numbers come down from the stratosphere. The shopping mall’s sales in 2010 were $2,013 per square foot; that’s more than five times the national average and believed to be the highest at any mall in the country.
“Bal Harbour is not going anywhere,” Weiner said. “It’s a sparkling jewel. There will be brands that come and go. The difference is that those brands will now have choices.”

But the winners in all of this are Miami-Dade’s latest real estate power couple: Dacra’s Robins and Turnberry Associates’ Jackie Soffer.

“Having Louis Vuitton validate the Design District is a great step forward for the neighborhood,” Robins said. “I’m hoping it’s the beginning of several major international fashion brands committing to join the great businesses that are already in the neighborhood.”

For Soffer it’s the next step in the evolution of Aventura Mall, which has been gradually becoming more upscale over recent years. The mall’s most recent luxury addition is Burberry, which joined a mix that includes other newer stores like Lacoste, Michael Kors, M Missoni and Facconable. But additional proof of the market demand has also come from the success that Bloomingdale’s and Nordstrom have had with luxury brands.

“There’s a pent-up demand that we know exists,” Soffer said. “We’ve proven that when we put in these better brands they are producing the sales. Our customers like brand names. That’s what sells.”

By Elaine Walker
ewalker@miamiherald.com

Read more: http://www.miamiherald.com