Five Story Mixed Use Commodore Place Coming To Coconut Grove

May 18, 2018 in Coconut Grove, Miami, Commodore Place

A 5 story mixed use building will be coming next to Greenstreet Café in Coconut Grove located at 3102 Commodore Plaza called Commodore Place, according The Real Deal.

Metronomic is expected to pay $4.8 million for the 7,167 square foot lot and to close in July of this year. This site is currently being used as a parking lot and was last sold for $1.3 million in June 1997.

Commodore Place will a Class A retail building with a boutique bed and breakfast hotel residences. Commodore Place is also located next to the under construction 5 story office The Optimum.

Construction is expected to be completed by the end of 2019.

Demolition Begins On Eastern Side Of Cocowalk

May 17, 2018 in Coconut Grove, Cocowalk, Demolition, Miami, One Cocowalk

Demolition has begun on the second phase of the Cocowalk redevelopment in Coconut Grove.

The first phase of the redevelopment started earlier this year on the Western portion of Cocowalk where Chili's and The Cheesecake Factory used to be. The interior gutting of Duffy's Sports Grill and Hooters Restaurant began last month before the Eastern portion officially comes down.

The Eastern side of Cocowalk will be replaced with One Cocowalk, which will be a 5 story Class A office building with ground level retail, 4 stories of office space, 250 underground parking spaces and a rooftop terrace all totaling 73,000 square feet. Construction is expected to be finished by the end of 2019.

Eventually the main rotunda, where there used to be a Fat Tuesday's and where there is a Starbucks, will be demolished to create an open courtyard.

Cocowalk was purchased in May 2015 for $87.5 million.

Photos Of Paradise Plaza In The Design District At Night

May 16, 2018 in Architecture, Craig Robins, Design District, Dacra, Miami

As the Design District continues to expand with the addition of Museum Garage and Paradise Plaza, both places are equally as impressive at night.

With colorful designs throughout Paradise Plaza such as the work of Freeland Buck, the colors pop at night with the right lighting.

Officially opening in December 2017, more stores continue to open weekly in Paradise Plaza as the whole area is beginning to take shape compared to how it looked four years ago.

SunTrust International Center Sold For $127M

May 15, 2018 in Downtown Miami, Miami, Real Estate

The 31 story SunTrust International Center located at 1 SE 3rd Avenue in Downtown Miami has been sold for $127 million, according to The Real Deal.

Built in 1969 on a 46,844 square foot lot, the building was purchased by PCCP LLC, a real estate investment firm in Los Angeles, and sold by Crocker Partners. Crocker Partners purchased the building for $82.4 million in August 2011.

The nearby Southeast Financial Center sold for $516.6 million in December 2016 and The New World Tower sold for $84 million in October 2016.

Brightline Service To Begin From Miami Station On May 19

May 14, 2018 in Downtown Miami, Miami, Virgin MiamiCentral

Brightline is set to launch from MiamiCentral Station in Downtown Miami May 19 to begin service from Miami to Fort Lauderdale, West Palm Beach and eventually Orlando. Fares will start between $10 - $25.

MiamiCentral Station is still under construction with the office building 2 MiamiCentral and the ParkLine Residences Towers on the Southern part of the station. The 12 story office building, 3 MiamiCentral, was completed in January of this year.

Previous construction photos of MiamiCentral can be viewed here.

Miami Riverside Center Could Go To Vote In November

May 10, 2018 in Adler Group, Miami, Miami Riverside Center, Miami River, Real Estate

A deal to swap Miami Riverside Center, located a 444 SW 2nd Ave could go to vote in either August or November of this year, according to Miami Today.

The City of Miami has outgrown the building and is looking to sell the building in return for a developer to build a new office for the City elsewhere.

Miami Riverside Center was initially for sale in August 2015.

In July 2016, Adler Group won a bid to replace Miami Riverside Center with Nexus Riverside Central, that would have two 36 story rental towers with 900 units, 150 hotel rooms and 20,000 square feet of retail/restaurant space.

Adler Group also owns 1.6 acres of land next to Miami Riverside Center, which they purchased for $14.25 million in February 2016.

Photos Of The Design District Museum Garage At Night

May 09, 2018 in Craig Robins, Dacra, Design District, Miami, Architecture

As Museum Garage in the Design District will soon be opening for the public, the outside façade of the garage lights up spectacularly at night with the work curated by Terence Riley of K/R Architects and featuring the work of WORKac - "Ant Farm", J. MAYER H. - "XOX - (Hugs & Kisses), Clavel Arquitectos - "Urban Jam" and Nicolas Buffe - "Serious Play".

Museum Garage is located across the street from the recently opened Paradise Plaza in the Design District.