L'Atelier Miami Beach Construction Progress Photos

L'Atelier Miami Beach

L'Atelier Miami Beach

When we last looked at L'Atelier in September 2016, the lot had been cleared and just the shell of the old Golden Sands Hotel remained. 

Construction has now reached the 3rd floor of the new 18 story tower with 20 residential units. 

Construction is expected to be completed by 2018.

1221 Brickell Purchased For $155M

1221 Brickell along Brickell Avenue

The 1221 Brickell office tower on Brickell Avenue has sold for $155 million and was purchased by Rockpoint Group.

The seller of 1221 Brickell is Blackstone Group, which purchased the building for $107,284,950 in September 2006. 

Built in 1986, the 27 story 1221 Brickell was designed by Harwood K. Smith & Partners and is known for its glass curtain exterior. The center of the building has neon striped lights that illuminate at night and houses the elevator shaft. The building has been featured in many episodes of Miami Vice.

 

Groundbreaking Begins At Biscayne 27

Biscayne 27 Site in Edgewater

Groundbreaking has begun at Biscayne 27 after developer Richman Group was able to secure a $58.6 construction loan on the 8 story apartment building in Edgewater.

The 2.2 acre site was purchased for $30 million in May 2016 and demolition began the next month on the houses on the land.

Crescent Heights Proposes Building New Miami-Dade Courthouse

New County Courthouse Rendering

New County Courthouse Rendering

Crescent Heights developer Russell Galbut has proposed building a new $300 million courthouse, designed by architect Kobi Karp, on a surface parking lot at 54 W. Flagler St in exchange for the existing courthouse at 73 E. Flagler St., according to The Miami Herald. 

By building a new $300 million courthouse, Miami-Dade would pay Crescent Heights $18 million a year in rent over the course of a 99 year lease. In exchange, Crescent Heights would redevelop the existing courthouse, built in 1928, and turn it into high end offices with shops and restaurants on the ground floor.

In November 2014, voters rejected a tax increase of $390 million to help fund a new courthouse.

Previously in April 2016, Crescent Heights proposed building two 43 story towers with 391 residential units on the 54 W. Flagler St lot.

Hyatt Propose To Build New Hotel And Convention Center

Hyatt Hotel and James L. Knight Center

Hyatt Hotel and James L. Knight Center

The Miami Herald is reporting that Hyatt Hotel Corp. and the City of Miami are in talks to build a new Hyatt Hotel and convention center located next the Brickell Avenue Bridge next to the Northern edge of the Miami River at 400 SE 2nd Ave.

The 612 room Hyatt Regency Hotel and James L. Knight Convention center were built in 1982 and designed by the firm Ferendino Grafton Spillis Candela on a 4.5 acre site at a cost of $110 million.

Hyatt has 12 months to come up with a master plan for the new hotel and convention center. Hyatt's existing lease expires in six years with a 45 year renew option. If a new plan is approved, a new 99 year lease would begin. 

If the new plan is approved by Miami Commissioners, a citywide voter referendum will still need to be required to go ahead.

Genting's Hotel Over Omni Station Approved

Genting Hotel Rendering

A month ago, Genting proposed a 300 room hotel over the Omni Station bus terminal and those plans have been approved with a deal by Miami-Dade Commissioners. 

The 90 year lease includes renovating the bus terminal for $16 million and paying Miami-Dade County $10 million before it can begin work on the 36 story hotel. 

Genting has been lobbying for a casino on the site for years after purchasing 14 acres of land, including the old Miami Herald Building site, for $236 million.

This Was Downtown Miami In 1983 - Before & After

The photo in the top left is what Downtown Miami looked like in 1983. The Southeast Financial Center was under construction and on its way to becoming the tallest building in Miami at 765 feet. It was eventually surpassed by the Four Seasons Miami in 2003 and now the tallest building in Miami - Panorama Tower. Bayside Marketplace has not yet been built and the marina was where Sonny Crockett lived on his boat in Miami Vice. In 2017, the skyline has grown to include 50 Biscayne, Vizcayne, One Miami and even the iconic Miami Tower.