Aerial Over The Abandoned Miami Marine Stadium

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Earlier this year the City of Miami agreed to pay $16 million to improve the grounds outside the Miami Marine Stadium, which will include an event space and park. These improvements will allow the Miami International Boat Show to host their event on the stadium grounds starting in 2016. 

Despite renovations to the grounds of the Stadium, nothing is happening with the actual Miami Marine Stadium itself. It still remains covered in graffiti and patrolled by a guard 24/7 to prevent people from trespassing. Millions of funding is still needed to renovate the stadium. 

Below is a video of the Miami Marine Stadium.

 

Hyde Midtown Construction Updates

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Construction on Hyde Midtown

Construction on Hyde Midtown

Since Hyde Midtown Suite & Residences groundbreaking in September of this year, construction continues at the site. 

A pile driver is on the site to start work on the foundation. The 32 story building will start to go vertical early next year.

East Coast Building Nearly Complete

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East Coast Building on next to The Miami River

East Coast Building on next to The Miami River

Since starting construction in August 2014, The East Coast Building along the Miami River is nearly complete. The storage facility with a rooftop restaurant and ground level restaurant recently completed the painting on the exterior of the building. 

Edgewater Lots Listed For $18.4M

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Three lots located in Edgewater at 456, 480 and 496 NE 29th Street are being listed for $18.4 million, according to The Real Deal.

The two lots at 456 and 480 NE 29th St are owned by Whitelight Group LLC and the third lot at 496 NE 29th St is owned by Global DC Export. The site is zoned for T6-36 for a 36 story building. 

The site is located next to Icon Bay, which just opened earlier this year.

District 36 Reaches 15th Floor Of Construction

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District 36 in Midtown

Construction has progressed quickly on District 36 since we last looked in July on the mixed use building. District 36 has reached the 15th floor of the 19 story building located at 3635 NE 1st Ave next to I-95 and the Design District. 

Downtown Miami Holiday Inn Purchased For $65M

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Holiday Inn in Downtown Miami

The Holiday Inn located at 340 Biscayne Boulevard in Downtown Miami has sold for $65 million, according to The Miami Herald.

The buyer is Brazilian developer Gilberto Bomeny, who plans on building a 77 story building at a height of 953 feet. The building will include 400 residential units, 240 hotel rooms, 270,000 square feet of retail and 246,000 square feet of office space. 

The World Trade Center of the Americas was first proposed earlier this year with Arquitectonica as the architect.

Dade-Commonwealth Building In Downtown Miami Sold For $9.2M

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Dade Commonwealth Building in Downtown Miami

The 90 year old Miami-Dade Commonwealth Building located at 139 NE 1st Street in Downtown Miami has been sold for $9.2 million, according to SFBJ. 

The 43,265 square foot building was purchased by Immocorp Capital and Wynwood Fund from Titan Development Partners. An original 32 ton stainless steel vault still remains in the building. 

The new buyers plan on restoring the property.