Downtown Miami

Virgin MiamiCentral Offices Sold For $159M

Florida East Coast Industries has sold the office buildings 3 MiamiCentral and 2 MiamiCentral for $159 million to Shorenstein, according to The Real Deal.

3 MiamiCentral was completed December 2017 and has 90,000 square feet of office space and 35,000 square feet of retail. 2 MiamiCentral, which was completed last year has 190,000 square feet of office space.

Park Line Towers At Virgin MiamiCentral Getting Closer To Completion

Park Line Towers

Park Line Towers

Since the South Tower topped off in February, both buildings at the Park Line Towers are getting closer to completion.

The North Tower topped off in September 2018.

With 816 rental units, the Park Line Towers are expected to be completed in the coming months.

Previous construction photos of the Park Line Towers can be viewed here.

TBT - A Look At The 1000 Museum Site

1000 Museum On Biscayne Boulevard

TBT (May 15, 2015) - 4 years ago the BP gas station was demolished and the site was cleared to start foundation work on One Thousand Museum.

The 62 story One Thousand Museum is still under construction today, but expected to be completed in the upcoming months.

Located at 1000 Biscayne Boulevard across from Museum Park, Perez Art Museum of Miami and the under construction Frost Museum of Science, work is still progressing at the site.

In October 2014 they dismantled the BP gas station and demolished the pawn shop. In December 2014, groundbreaking by the Zaha Hadid designed building started.

Curbed Miami has renderings of the kitchens and some exterior shots.

Construction Begins At 43 Story Luma at Miami Worldcenter

Luma at Miami Worldcenter Rendering

Construction has started at the 43 story Luma at Miami Worldcenter which will rise 493 feet.

Luma at Miami Worldcenter will have 434 apartments and is being developed by ZOM Living who also developed Solitair Brickell, Monarc at Met 3, the recently completed Muze at Met Square and the under construction Maizon at Brickell.

Zom Living recently secured a $119 million construction loan for the project.

Luma at Miami Worldcenter is part of the 27 acre Miami Worldcenter complex that includes the nearly completed Paramount Miami Worldcenter and the completed Caoba Miami Worldcenter.

Moishe Mana Purchases Another Downtown Miami Building For $2.3M

108 South Miami Avenue

108 South Miami Avenue

Moishe Mana has purchased a 7,610 square foot building located at 108 South Miami Avenue for $2.3 million, according to The Real Deal.

Mana purchased the 2 story building next to his current purchase for $3.5 million in August 2018.

Over $350 million has been spent by Mana to acquire Downtown Miami properties over the past 4 years.

Zaha Hadid's One Thousand Museum Getting Closer To Completion

Zaha Hadid’s One Thousand Museum

Zaha Hadid’s One Thousand Museum

Zaha Hadid’s One Thousand Museum in Downtown Miami is quickly nearing completion since we last looked at the tower in November 2018 when both cranes were removed from the site.

At a height of 709 feet, the 62 story One Thousand Museum topped off in February 2018 and two years ago, May 2017, construction reached the 38th floor.

Construction is expected to be completed in the next couple of months.

Previous construction photos of One Thousand Museum can be viewed here.

Plans Revealed For PMG X Biscayne At 400 Biscayne

PMG X Biscayne Rendering

PMG X Biscayne Rendering

Plans have been revealed for a 49 story tower located at 400 Biscayne Boulevard called PMG X Biscayne.

PMG X Biscayne will have 646 residential units 48,000 square feet of office space and 3,000 square feet of retail.

The Sieger Suarez designed building is being developed by Property Markets Group and Greybrook Realty Partners. The site was purchased for $53.6 million in October 2017.

Property Markets Group and Greybrook Realty Partners completed the nearby 31 story X Miami in July 2018.

The First United Methodist Church, which has been torn down on the site, is getting a new facility apart of the property with separate entrance.

Plans for PMG X Biscayne go for review by Miami’s Urban Development Review Board tomorrow.