Fabián Burgos Mural Going Up At Brickell Heights

July 25, 2016 in Arquitectonica, Brickell, Brickell Heights, Condo, Construction, Golden Dusk Photography, Miami

While construction progresses on the two Brickell Heights towers, the colorful mural along the building parking garage by artist Fabián Burgos is starting to go up on the North side.

The colorful façade is keeping in tune with other Arquitectonica designed buildings in Brickell such as the SLS Brickell and SLS Lux.

There are only 8 units left in Brickell Heights with prices starting at $849,000.

The two towers located next to Mary Brickell Village and Brickell City Centre are expected to be completed in early 2017.

Rooftop views from Brickell Heights can be viewed here.

Paraiso Bay About To Top Off - Plus Construction Photos On All Four Towers

July 25, 2016 in Arquitectonica, Condo, Construction, Edgewater, Golden Dusk Photography, Gran Paraiso, Miami, One Paraiso, Paraiso Bay, Paraiso Bayviews, Plaza Construction

The four towers within the 10 acre Paraiso Complex - Paraiso Bay, One Paraiso, Gran Paraiso and Paraiso Bayviews in Edgewater are moving along quickly.

In March, Paraiso Bay reached the 40th floor and is now currently on the 54th floor of the 55 story building and is about to top out.

Workers are in the process of building the 15th floor of One Paraiso, which was on the 9th floor when we last looked in May. The windows are starting to be installed on the lower portions of the building.

Paraiso Bayviews is about to hit the 13th floor of construction. Ground breaking on the 44 story tower took place in August 2015.

The last of the four towers in the complex to break ground, Gran Paraiso, is currently on the 6th floor. The building will have 317 residential units and buyers include baseball player Alex Rodriguez and DJ David Guetta.

Just in front of Gran Paraiso is the Paraiso Beach Club, a restaurant by Michael Schwartz which also just started construction.

Virginia Key Marina Expansion Goes Back For Re-Bid

July 22, 2016 in Miami, Virginia Key

After three bids were submitted for a Virginia Key Marina expansion in February, the bidding process will now start over, according to The Miami Herald.

City Commissioners voted to reject the bids and write new guidelines for the project that do not exceed the original 2010 master plan.

What Is ASRR Capital Ltd. Planning For Edgewater Site?

July 21, 2016 in Edgewater, Miami

In December 2015, 17th & Second Ave Properties Corp controlled by Enrique Manhard and Vivane Sasson de Manhard purchased almost a block of land in the Edgewater district from NE 2nd Ave and NE 2nd CT and between NE 17th Terrance and NE 18th St.

The site was then sold to ASRR Capital Ltd., led by Alex Sapir and Rotem Rosen in February 2016 for $33 million. Since the land was purchased, a church built in 1945 and a three story building built in 1924 have been demolished.

The S&S Diner received an eviction notice and is supposed to be out of the building by today.

ASRR Capital Ltd. has not revealed what they plan to do with the site, but they partnered with investors CNMB International and G-Resources Group for a 67 percent interest in the project.

Across the street from the site, a Vib Hotel was planned on a 7.4 acre land and scheduled to break ground in 2015, but no activity has occurred on the land.

Update - S&S Diner is allowed to stay in business until the court decides if the their lease extension is valid.

3 Miami Central Reaches 8th Floor

July 20, 2016 in 3 MiamiCentral, Construction, Downtown Miami, Miami

3 Miami Central has reached the 8th floor of the 12 story building. When we first looked at the site in March, the office building was just starting to go vertical.

The building will have 90,000 square feet of office space available, 35,000 square feet of retail and 1,100 parking spaces.

3 Miami Central will be completed in 2017.

Downtown Miami Holiday Inn Sells For $43M

July 19, 2016 in Downtown Miami, Miami, Real Estate

Kawa Capital Management has paid $43 million for the Holiday Inn in Downtown Miami, according to SFBJ.

The sale included a lease buyback by the seller with both parties obtaining financing.

The site was last purchased in November 2015 by developer Gilberto Bomeny with plans to build a 77 story mixed used tower called ITC Miami and was designed by Arquitectonica.