Miami Beach

TBT - "Scarface" Building On Ocean Drive Sells For $15M

728 Ocean Drive

TBT (March 19, 2015) - 4 years ago the building used in the movie Scarface was sold for $15 million. Demolition and renovation started on the building in April 2017 before finally being completed January 2018 and turned into a CVS.

The building that was used in the infamous chainsaw scene in the movie Scarface has sold for $15 million, according to the Real Deal. 

The property at 728 Ocean Drive and 6,500 square foot building was sold to New York based developers, Infinity Group. 

A Johnny Rockets restaurant operates from the ground level of the building. 

The building last sold for $8 million in 2011.

Washington Squared Has Topped Off In Miami Beach

Washington Squared Miami Beach

Washington Squared Miami Beach

Since going vertical in August 2018, Washington Squared has topped off in Miami Beach at 7 stories.

The assemblage between 6th and 7th street on Washington Avenue will have 312 hotel rooms, 46,849 square feet of retail space and 258 parking spaces.

Washington Squared was designed by Morris Adjmi Architects.

Ritz-Carlton Residences Miami Beach Expected To Open Soon

Ritz-Carlton Residences Miami Beach

The Ritz-Carlton Residences Miami Beach is getting closer to completion and is expected to receive TCO in April, according to The Real Deal.

Developed by Lionheart Capital, The Ritz-Carlton Residences will have 111 residential units and 15 villas located on the West side of the building. Prices start at $2 million and go up to $40 million.

Previous construction photos of the Ritz-Carlton Residences can be viewed here.

1 Hotel South Beach Sold For $610M

1 Hotel South Beach

The 1 Hotel South Beach has been sold for $610 million to Host Hotels & Resort, according to the SFBJ. The seller was Starwood Capital Group and the LeFrak Family.

Location at 2341 Collins Avenue, the 1 Hotel South Beach has 429 rooms, but does purchases doesn’t include the 155 condos.

Starwood Capital Group purchased the hotel in 2012 for 100.3 million and renovated it at a cost of $300 million.

Jean Nouvel's Monad Terrace In Miami Beach Tops Off

Monad Terrace Topped Off

Monad Terrace Topped Off

The under construction Monad Terrace in Miami Beach has topped off with one tower at 7 stories and the second tower at 14 stories. In March 2018, construction was just beginning on the site.

With only 59 residential units, the Jean Nouvel designed Monad Terrace is being developed by JDS Development Group.

Construction is expected to be completed third quarter 2019.

Previous construction photos of Monad Terrace can be viewed here.

Updated Construction Photos Of Collins Park Hotel In Miami Beach

Collins Park Hotel Construction

Collins Park Hotel Construction

Construction is progressing on the six buildings built between 1938 and 1953 at the 1.65 acre Collins Park Hotel since we last looked at the project in April 2018.

The façades of the buildings are being restored, including one building that was burned by a fire in 2007. All of the roofs will be connected, with three rooftop pools, four bars, a signature restaurant with 296 hotel rooms.

Historical photos and photos from February 2017 can be viewed here.

TBT - Pablo Escobar's Miami Beach House - Photos & Video

TBT -  Pablo Escobar's Miami Beach House - Photos & Video

A pink black tiled house located at 5860 North Bay Road on Miami Beach is set to be demolished on January 19, 2016. The house was once owned by notorious drug kingpin Pablo Escobar who purchased the house on March 21, 1980 for $765,500.

The 7,336 square foot house was built in 1948 and has 4 bedrooms and 6 bathrooms on a lot size of 33,041 square feet. A 2,061 square foot addition was added to the house in 1992.

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