OKO Group Purchases Edgewater Site For $54M

November 23, 2016 in Edgewater, Miami, OKO Group, Real Estate

Russian billionaire Vladislav Doronin of OKO Group has purchased a 2 acre Edgewater site for $54 million, according The Miami Herald.

The Edgewater site is located between NE 26th Terrace and NE 27th Street in front of Bay House. The site is just North of OKO Group's planned 57 story Missoni Baia condo, which launched sales earlier this year. The Missoni Baia lots were purchased for a total of $39 million in 2014 and 2015.

The sellers of the newly purchased 2 acre site are the Jesuit Fathers of the Province of the Antilles where most of the buildings were built in the 1930's.

OKO Group also has a lot in the heart of Brickell at 830 SE 1st Avenue and a lot in South Brickell on the edge of Biscayne Bay at 175 Southeast 25th Road where they are planning a 48 story condo.

Miami Marine Stadium Gets $45M For Renovation

November 23, 2016 in Abandoned, Graffiti, Miami Marine Stadium, Miami, Key Biscayne, Virginia Key

On Thursday, November 17th, Miami City Commissioners voted to borrow $45 million to restore the Miami Marine Stadium using special obligation bonds, according to The Miami Herald. The $45 million will include restoration of the Stadium, plus building a 35,000 square foot maritime center.

City officials are still negotiating a contract with architect Richard Heisenbottle to design the renovation of the stadium.

The Miami Marine Stadium has been abandoned since 1992 after Hurricane Andrew when the City of Miami deemed the stadium to be unsafe. The stadium was used for boat races and for concerts on a floating barge. Since that time, the Miami Marine Stadium has sat empty for over 20 years and has been a haven for graffiti artists.

The International Miami Boat Show used the Stadium grounds and basin this year and will set up again soon for the 2017 show.

A Look At The Fairwind Hotel Construction

November 22, 2016 in Chetrit Group, Construction, Fairwind Hotel, Hotel, Miami Beach, South Beach, Shulman + Associates

Progress is being made at the Fairwind Hotel on Miami Beach since we last looked in April of this year.

The newly built guest room blocks at the rear of the site have topped out and will include a rooftop amenity deck.

The restoration of the original Fairwind Building built by architect L. Murray Dixon in 1936 is taking shape, considering two years ago it was just an empty shell.

The property was purchased by The Chetrit Group for $14.5 million in 2012 and was designed by Shulman + Associates.

Echo Brickell Construction Progress Photos

November 21, 2016 in Architecture, Brickell, Brickell Avenue, Carlos Ott, Condo, Construction, Echo Brickell, Golden Dusk Photography, Miami, Property Markets Group, JDS Development Group, Moriarty

Echo Brickell is rising taller on Brickell Avenue and is currently on the 48th floor. The luxury condominium will top out at 57 stories.

A year ago, construction just reached the 10th floor. The building is starting to curve in at the top and is making an immediate presence on the Brickell skyline.

Echo Brickell should top out by early next year.

Previous construction photos of Echo Brickell can be viewed here.

Brickell Heights Progress Photos

November 18, 2016 in Architecture, Arquitectonica, Brickell, Brickell Heights, Condo, Construction, Golden Dusk Photography, Miami

The two towers at Brickell Heights are scheduled to be completed at the end of January 2017.

More progress is being made on the colorful external mural on the façade of the parking garage being done by artist Fabián Burgos.

Brickell Heights will have a rooftop pool on both the East and West towers. There will also be a three floor, 30,000 square foot Equinox along with a SoulCycle.

Previous construction photos of Brickell Heights since the start of construction can be viewed here.

One Thousand Museum Reaches 25th Floor

November 17, 2016 in Architecture, Condo, Construction, Downtown Miami, Desimone Engineers, Golden Dusk Photography, Miami, One Thousand Museum, Plaza Construction, Zaha Hadid

The under construction 62 story One Thousand Museum in Miami has reached the 25th floor. When we last looked at the project in August construction had reached the 15th floor.

The glass fiber reinforced concrete panels are starting to be installed on the exoskeleton of the building. More windows are starting to be installed on the lower portion of the tower.

Construction will be completed in 2018.

Previous construction photos of One Thousand Museum can be viewed here.

MiamiCentral Station Construction Photos

November 16, 2016 in All Aboard Florida, Construction, Downtown Miami, Golden Dusk Photography, Miami, Suffolk Construction, Zyscovich Architects, Virgin MiamiCentral

Construction is progressing at the MiamiCentral Station by All Aboard Florida in Miami since we last looked at the project in August.

The 50 foot elevated platforms above street level are taking shape as the rail system will connect Miami with Fort Lauderdale, West Palm Beach and eventually Orlando. Over 1,300 pilings were used for the station going 100 feet into the ground to help support the tracks.

Designed by Skidmore, Owings & Merrill along with Zyscovich Architects, MiamiCentral will also have two residential towers: The South Tower at 33 floors and The North Tower at 30 floors with 800 rental apartments. At the Northern end of the station is the office Two MiamiCentral with over 190,000 square feet of space and 10 floors. On the Western side of the tracks, the under construction 3 MiamiCentral, has reached 12 floors. 3 MiamiCentral will have office and retail space along with 1,100 parking spaces. The base for the North and South Tower along with Two MiamiCentral are already taking shape. Full construction will not take place on these buildings until after the station is complete.