MIAMI | Development Thread

[chris08876]

Project: EVEN Hotel

Rendering:

The Southeast's first EVEN Hotel is being built in the Palmer Lake section of the Miami International Airport, its developers announced.

EVEN Hotels is the newest lifestyle brand from InterContinental Hotels Group and is geared toward "wellness-minded" travelers. The brand has two locations open in Rockville, Maryland, and Norwalk, Connecticut, and six hotels in development in New York City, Seattle and Omaha, Nebraska.

Epelboim Development Group and Atlanta's InterContinental Hotels Group (NYSE: IHG) are developing the 189-room resort and expect to deliver it by 2018.

===========================
http://www.bizjournals.com/southflor...l?iana=ind_cre

[chris08876]

Project: 6800 Indian Creek Drive






========================
PDF: http://www.scribd.com/doc/287534089/6800ic

[GoldenDuskPhotograph]

Renderings of the New Tobacco Road Revealed

http://www.goldenduskphotography.com...-road-revealed

[Private Dick]

Originally Posted by chris08876

That's what I said. If you bothered to quote the rest of what I said, I mentioned that there are options but its not as easy or some cities make it a little more of a inconvenience versus others. In terms of not offering, I'm referring to a majority of the population. Driving is still the way to go for most... But it is improving nationwide which is a plus. When somebody has to walk a mile or more to the nearest bus stop, that's a problem. Then you can factor in a majority of suburbs with a lack of coverage, some large enough to be considered a city by definition, and you can see the transit issue.

Well, my bad then... but it didn't seem like that's what you said, and quoting the rest of what you typed was not relevant since it didn't support your initial assertion when you responded to a very long weekend who stated... "i was in miami last year and i didn't really like how i had to drive everywhere. found it very tiresome."

You replied "That's a problem really for most American cities. The idea that you have to drive everywhere."

I have to disagree with that. One does not have to drive everywhere in most American cities... and certainly not nearly to the extent that one does in Miami.

[chris08876]

^^^^^

But Private Dick, can you honestly say that is true for most U.S. cities? I can understand that your from DC, which has an excellent transit network, but for most American cities which sprawl on the level of Miami, unless you want to take the bus everywhere, driving is still the major mode of transportation for citizens. Take cities like Phoenix, Houston, Atlanta, Denver, Los Angeles, Dallas, Jacksonville and Charlotte for example. Can you look at the layout of these cities, with their vast size, many over 200 sq miles, and tell me that driving is not necessary? Sure people could take the bus, but the sprawl layout of these places, like most U.S. cities makes it very hostile to transit. Coupled with poor transit and driving on cities that grew out of the high way, it seems like a viable option to use an automobile.

Attempts are being made, but even with that, there should be some acknowledgment that American transit is way behind most global cities. Transportation statistics show it. Most Americans prefer to drive. If there was adequate coverage, who wouldn't want to save on auto expenses and fuel for a cheaper alternative. It just isn't there for most.

[Private Dick]

Originally Posted by chris08876

^^^^^

But Private Dick, can you honestly say that is true for most U.S. cities? I can understand that your from DC, which has an excellent transit network, but for most American cities which sprawl on the level of Miami, unless you want to take the bus everywhere, driving is still the major mode of transportation for citizens. Take cities like Phoenix, Houston, Atlanta, Denver, Los Angeles, Dallas, Jacksonville and Charlotte for example. Can you look at the layout of these cities, with their vast size, many over 200 sq miles, and tell me that driving is not necessary? Sure people could take the bus, but the sprawl layout of these places, like most U.S. cities makes it very hostile to transit. Coupled with poor transit and driving on cities that grew out of the high way, it seems like a viable option to use an automobile.

Attempts are being made, but even with that, there should be some acknowledgment that American transit is way behind most global cities. Transportation statistics show it. Most Americans prefer to drive. If there was adequate coverage, who wouldn't want to save on auto expenses and fuel for a cheaper alternative. It just isn't there for most.

Look, I fully appreciate and agree with what you're saying. I was really just commenting on the case of Miami (though in particular areas even there, one can live a relatively car-free existence). The thing here is we are starting from an extreme case where it really does often seem like you have to drive everywhere -- Miami. A place where even secondary streets can often be 3-4 lanes of seemingly never ending, straight pavement in each direction.

And it seems that you were trying to say that most other cities are in this same situation as Miami.

I have to disagree with that. Most cities in the US are not at all like Miami. Most of Miami/South Florida is an extreme case of dense, linear sprawl that is almost all "automobile first" in design. Auto-centric suburban design is evident in the very "urban" core of the city just outside downtown proper... because those areas didn't develop until the 1940s and 50s. Most US cities were founded and initially developed LONG before Miami, and while they display plenty of sprawl, they still retain large dense urban cores and near suburbs that were laid out well before everyone had a car. Does what you're talking about hold true for the cities you listed above (Phoenix, Houston, Atlanta, Denver, Los Angeles, Dallas, Jacksonville and Charlotte)? Probably... though some of those definitely have solidly dense inner neighborhoods that offer close enough connections that one does not have to spend so much time in the car just to go and grab dinner, a beer, or even a roll of toilet paper. I've spent plenty of time in Denver and LA and I generally was able to stay within a limited radius without having to drive much at all. I definitely don't feel this way in Miami... and I'm a former resident and still there probably 5 times per year.

Let's take the usual suspects out (NYC, DC, Philly, Boston, Chicago, SF, etc.) of the conversation. My point still holds for many, many American cities.

For instance, I've been in the Twin Cities for over a week now... haven't been behind the wheel of a car once, and I've seen a ton of stuff (neighborhoods, restaurants, bars, museum, workplaces, etc.). I spend about half my time in Pittsburgh now (which does NOT have a good transit system). I rarely need to drive because my house there is in a dense, older city neighborhood which has its own small commercial district and is very walkable to other other bordering neighborhoods. That's the main difference I'm talking about here in comparison to a place like Miami -- Miami is so spread out and developed in such a different way than most cities in the US. It didn't grow and start to connect with other towns which had their own commercial districts like older cities did.

Cities that I can list that do not have robust public transit options (in comparison), but still are nowhere near Miami in terms of the amount (time and distance) of driving necessary to conduct daily life activities of commuting, working, shopping, dining out, etc.: Minneapolis, Pittsburgh, Cleveland, Buffalo, Baltimore, St. Louis, New Orleans, Providence, Detroit, Seattle, Columbus, Milwaukee, Portland... we could go on and on, and even start naming smaller and much smaller US cities that exhibit the same development patterns.

[bobdreamz]

RENTS ARE SOARING IN LITTLE HAVANA AND LITTLE HAITI.
BY KYLE MUNZENRIEDER
THURSDAY, OCTOBER 29, 2015

Miami still has the eighth most expensive rental market in all of America, but rents in many neighborhoods have held steady according to Zumper's latest maps of median rents in each neighborhood. Well, most neighborhoods anyway. They continue to soar in both East Little Havana and Little Haiti, two cultural cradles that may be the next destinations for gentrification in Miami.

Zumper analyzes official rental listings in each neighborhood to come up with the median price for a condo in each. (However, that doesn't include apartments rented out through word of mouth, a simple sign on the window, or even Craigslist.) The map below focuses on the median price for a one-bedroom apartment in each neighborhood.

Turns out overall that the media price dropped a slight 1.1 percent since summer in all of Miami to a media price of $1,850. Two-bedroom apartments also dropped a slight 1.2 percent to $2,500. However, prices are still up 5.7 percent from just a year before, and not every neighborhood saw rents drop.


http://images1.miaminewtimes.com/ima...03/rentmap.jpg
http://www.miaminewtimes.com/news/re...-haiti-8012899

[Prahaboheme]

Originally Posted by Private Dick

Look, I fully appreciate and agree with what you're saying. I was really just commenting on the case of Miami (though in particular areas even there, one can live a relatively car-free existence). The thing here is we are starting from an extreme case where it really does often seem like you have to drive everywhere -- Miami. A place where even secondary streets can often be 3-4 lanes of seemingly never ending, straight pavement in each direction.

And it seems that you were trying to say that most other cities are in this same situation as Miami.

I have to disagree with that. Most cities in the US are not at all like Miami. Most of Miami/South Florida is an extreme case of dense, linear sprawl that is almost all "automobile first" in design. Auto-centric suburban design is evident in the very "urban" core of the city just outside downtown proper... because those areas didn't develop until the 1940s and 50s. Most US cities were founded and initially developed LONG before Miami, and while they display plenty of sprawl, they still retain large dense urban cores and near suburbs that were laid out well before everyone had a car. Does what you're talking about hold true for the cities you listed above (Phoenix, Houston, Atlanta, Denver, Los Angeles, Dallas, Jacksonville and Charlotte)? Probably... though some of those definitely have solidly dense inner neighborhoods that offer close enough connections that one does not have to spend so much time in the car just to go and grab dinner, a beer, or even a roll of toilet paper. I've spent plenty of time in Denver and LA and I generally was able to stay within a limited radius without having to drive much at all. I definitely don't feel this way in Miami... and I'm a former resident and still there probably 5 times per year.

Let's take the usual suspects out (NYC, DC, Philly, Boston, Chicago, SF, etc.) of the conversation. My point still holds for many, many American cities.

For instance, I've been in the Twin Cities for over a week now... haven't been behind the wheel of a car once, and I've seen a ton of stuff (neighborhoods, restaurants, bars, museum, workplaces, etc.). I spend about half my time in Pittsburgh now (which does NOT have a good transit system). I rarely need to drive because my house there is in a dense, older city neighborhood which has its own small commercial district and is very walkable to other other bordering neighborhoods. That's the main difference I'm talking about here in comparison to a place like Miami -- Miami is so spread out and developed in such a different way than most cities in the US. It didn't grow and start to connect with other towns which had their own commercial districts like older cities did.

Cities that I can list that do not have robust public transit options (in comparison), but still are nowhere near Miami in terms of the amount (time and distance) of driving necessary to conduct daily life activities of commuting, working, shopping, dining out, etc.: Minneapolis, Pittsburgh, Cleveland, Buffalo, Baltimore, St. Louis, New Orleans, Providence, Detroit, Seattle, Columbus, Milwaukee, Portland... we could go on and on, and even start naming smaller and much smaller US cities that exhibit the same development patterns.

I assume when you are talking in broad strokes about Miami you are excluding Miami Beach.

[chris08876]

Project: Aquarela

Bar Invest Group is launching a 30-unit apartment building in Miami’s Little Havana neighborhood, as the real estate investment, management and construction firm expands its South Florida holdings.

Aquarela, at 401 Southwest 17th Avenue, will be the first of two new apartment buildings the Miami-based firm is developing. The project will officially launch on Friday, Hervé Barbera, vice president of Bar Invest Group told The Real Deal. One-bedroom, 800-square-foot apartments will rent for $1,650 a month; two-bedroom, 1,000-square-foot apartments, $2,100, or a little over $2 per square foot. Bar Invest Group purchased the land for $900,000 in 2004, Miami-Dade property records show.

==========================
http://therealdeal.com/miami/blog/20....xzEXH1VM.dpuf

[bobdreamz]

Written by Carla Vianna on November 4, 2015



Midtown’s residential rental rates continue on an upward swing, and with only two rental projects currently under construction, rates are projected to continue rising.

The rental market in the increasingly popular neighborhood is now comparative to Brickell on achieved rents, according to a recent report by Integra Realty Solutions. Midtown’s average achieved rental rate last quarter was $2,653 a month, compared to Brickell’s $2,640.

“Rents are going up anywhere between 10% to 15% year-over-year,” said Luis Gomez, a broker with LG Realty Group. “Availability is low, and the demand is still holding.”

Mr. Gomez said every time he has a vacant unit, he raises the rent 10% to 15% and puts it on the market. He said it’s amazing to see individuals willing to pay that amount.

Resale condo units are trading for about $435 to $445 per square foot, he said.

Supply is limited in the Midtown condo and rental market, although a few projects are in the works.

Hyde Midtown, a 31-story tower with about 400 units (some of which will be hotel units), is now actively selling. Hyde reported reaching 55% pre-sold as of late July. Units at Hyde were selling at an average of $490,400 during the last quarter, according to IRR. Another 195 condo units have been proposed for Midtown as of last quarter, IRR reported.

Within the rental market, Midtown 5 with 400 units and District 36 with 197 units are now under construction. Two more are proposed: Midtown 29 with 309 units and Midtown East with 700 units.

Next door, Edgewater promises to flood the pipeline with almost 4,000 residential units.

“I don’t think that’ll really put a dent in where the market is when it comes to rentals,” said Roberto Cuneo, a broker with Coldwell Banker’s residential real estate office. “We’re probably going to see complete and final stabilization in 2017.”

Midtown’s proximity to the Design District and Wynwood is attracting a different crowd of buyers and renters.

The majority of renters are now coming in from out of state, Mr. Gomez said. Young professionals are relocating to Midtown to work in the Design District or Wynwood. The demographic is changing dramatically – a positive for the area, he continued. He also noticed that South Americans who are buying condos in Midtown are actually living there, rather than using the units as second homes.

“International buyers are not only living in the buildings but opening business in the area as well,” Mr. Gomez said.

Due to its location, Midtown is about ten minutes from everywhere one would want to go in Miami, Mr. Cuneo said. Visitors arriving in Miami for business-related reasons no longer have to stay on Miami Beach; they can now stay on the mainland, Mr. Gomez said, especially once Hyde’s hotel component is completed.

Both brokers say Midtown has a lot more coming its way, including condo towers, rental buildings, retail stores and entertainment venues.

http://www.miamitodaynews.com/2015/1...ickell-levels/

[chris08876]

Hyde Midtown starting up:




Credit: TNM

[dave8721]

Nice view of Brickell.
You can see Solitaire another 500+ footer getting started here on the bottom right. Looks kind of weird how they are building the back of the tower first for some reason. I guess that is a parking garage ramp. And of course you can see a bunch of other buildings going up as well most notably CityCentre, Brickell Heights, Bond, and SLS looks nice in the far back ground and SLS Lux (which somehow does not have its own thread?) on the bottom left. Panorama is peeking through on the middle left as well.
https://www.flickr.com/photos/97706129@N05/22780708802

[MiamiSpartan]

Great pic!! ^^^^

[N830MH]

Wow! What a great shots! Thanks for sharing and I appreciate that.

[bobdreamz]

Originally Posted by dave8721

Nice view of Brickell.
You can see Solitaire another 500+ footer getting started here on the bottom right. Looks kind of weird how they are building the back of the tower first for some reason. I guess that is a parking garage ramp. And of course you can see a bunch of other buildings going up as well most notably CityCentre, Brickell Heights, Bond, and SLS looks nice in the far back ground and SLS Lux (which somehow does not have its own thread?) on the bottom left. Panorama is peeking through on the middle left as well.
https://www.flickr.com/photos/97706129@N05/22780708802

^ Spectacular pic! The view is looking South over the Brickell CitiCentre project with the MetroRail tracks curving away on the right.

Notice the glowing yellow triangle in the middle which is the site of the approved 734 ft. | 224 m. | 65 story Brickell Flatiron which is set to break ground in January of 2016 with over 50% of the Units already sold:

http://www.thenextmiami.com/index.ph...g-by-year-end/

Here is a rendering of the Brickell Flatiron project in a opposite view from the pic above looking South to North :


http://i.imgur.com/lLeSAS1.jpg

^ Note too that all of the Brickell CitiCentre & Brickell Heights buildings currently under construction (and all will be over 500+ ft.|152+ m.) would be to the immediate left of this project and are omitted in the above rendering!

THis is awesome

Going to be in Miami over Thanksgiving and can't wait to see some of these views.

[chris08876]

November 2015 - CTBUH

Note: This list is to get an idea. Its incomplete.

[GoldenDuskPhotograph]

Echo Brickell Reaches 10th Floor

http://www.goldenduskphotography.com...hes-10th-floor

[bobdreamz]

The site of Miami's 18th. skyscraper over 500+ feet (535 ft.) | 152+ meters (163 m.) currently Under construction Crane has arrived:






http://i.imgur.com/HDJLuJg.jpg

[dave8721]

Echo, along with SLS, and a bunch of West Brickell stuff
https://www.flickr.com/photos/129235486@N07/22887770695