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Site For Planned Riverfront Condos
According to SFBJ, New York developer Chetrit Group has bought the Finnegan's on the River bar located on the Miami River next to I-95 for $11.5 million.
In May, the Chetrit Group unveiled plans for four 60 story condos that would have 1,449 units and include office space, retail and restaurants.
The Construction of Brickell City Centre Between 7th St.
Brickell City Centre is still progressing rapidly since photos taken in April (2nd April photos) and last month in June. The two condo towers almost catching up in height to the hotel.
Reportedly, Condo North is now called Reach Brickell City Centre and Condo West is Rise Brickell City Centre.
Below are current construction photos.
Condos and Offices in Transforming Brickell
The Miami Herald is reporting that most South Florida residents can't afford to buy condos in Miami.
Condos are being bought by from people around the world including South Americans, Russians and French etc.
In the last condo boom most people were buying condos with almost zero down payments and when the real estate bubble burst, developers were left to scramble when buyers started backing out of their deals. To prevent the same situation from happening again, developers are accepting at least 50 percent down payment or all cash offers for a unit. Most Miamians can't afford that kind of payment and in turn end up renting from the global buyer.
Centro Lofts Miami Construction Site
Located in Downtown Miami, Centro Lofts Miami will feature 36 floors and 352 condominium units. The unique part of this building is that it will not have a parking garage for its residents. It will have 5 spots for a Car2Go service and bicycle parking. Residents that do have a car will have to park at a nearby city garage.
Centrally located, residents have easy access to the metrorail, metromover and are within close walking distance to Bayfront Park.
Developed by Newgard Group, the project broke ground in December 2013 and is expected to be completed by Spring 2015.
Below are construction photos of the site.
SLS Brickell Construction Site
Located at 1300 South Miami Avenue, SLS Brickell is a 52 story tower that will be comprised of 450 units and of course, an SLS hotel.
Amenities include the high end restaurants The Bazaar, Michael's and Katsuya. It will also have a sky roof pool, spa and Hyde Lounge.
Construction is expected to be completed by 3rd quarter of 2016.
Below are construction photos.
Met 3 Construction Site
Starting construction in December of 2012, ZOM Inc. purchased the air rights above the Met 3 to build 462 luxury condominiums units to be called Montage at Met 3.
The building will have a Whole Foods on the ground level. Amenities will include a pool, yoga lawn, theatre room, BBQ area, gym and a spa.
Suffolk Construction is leading the construction on the site.
The Car Wash Conveyor Belt
While workers clear out the site to build a Walgreens in Brickell, the lot was previously used as a car wash, called the Car Wash Concept.
Located at 250 SW 7th St., the car wash was built and opened in 1999. For seven years the car wash was functioning and operating before it was finally closed in June 2006. When you walked around the building, all the calendars were open on June 2006 and it felt as if you were back in time. Surprisingly, despite sitting empty for so long, many vandals and graffiti artist were not in the building. There were many cobwebs and a lot of the stuff looked as if it was untouched since they left it in 2006.
Walgreens purchased the lot this year and exactly eight years since it closed, the building was torn down in June 2014.
Below are photos and a video of the building.
