Arch Companies Purchases Site In Edgewater For $9.7M

Arch Companies - Edgewater Miami.jpg

Arch Companies has purchased property from the Sion Church of the Assemblies God located at 2511 Biscayne Boulevard, according to The Real Deal. 

The purchase price was $9.7 million for the 22,400 square foot of land in Edgewater. 

Arch Companies also purchased the Latin Cafe next door for $13 million in February 2016 bring the total square footage to 48,400.

The site is zoned for a 36 story building.

 

Powerboat Racing Will Return To Miami Marine Stadium

Powerboat racing will make its return to the long shuddered Miami Marine Stadium April 21/22 and for the first time since 1992.

The Virginia Key Advisory Board voted in favor of the Miami P1 Grand Prix of the Sea that will take place in the basin in front of the Stadium.

Public Parking will be available in the lot West of the Stadium while spectator and vendor tents will be located on the East of the Stadium.

The Miami Marine Stadium has been abandoned since 1992 since Hurricane Andrew when the City of Miami deemed it unsafe. A construction report has started last year by R.J. Heisenbottle Architects with a probable construction cost of $40,323,361 to restore the stadium.

The basin and land outside the stadium have been used in recents years for triathlon events and the Miami International Boat Show.

Panorama Tower Getting Closer To Opening

Panorama Tower

Panorama Tower

The 868 foot Panorama Tower, the tallest building in Miami and tallest building South of New York City is getting closer to completion since we last looked at the beginning of the year.

The lighting on the exterior of Panorama Tower illuminates the tower at night while it looms large over the other buildings in the vicinity.

With incredible views from the very top of the building, Panorama Tower is expected to be completed in March.

Previous construction photos of Panorama Tower can be viewed here.

Brickell Flatiron Reaches 28th Floor Of Construction

Brickell Flatiron

Brickell Flatiron

Brickell Flatiron continues to rise quickly since we last looked at the beginning of January. The 64 story is now on the 28th floor and about to begin work on the 29th floor.

A year ago, Brickell Flatiron was just starting to go vertical.

Glass in now being installed on the lower portion of the residential tower as the curves of the building are taking shape.

Previous construction photos of Brickell Flatiron can be viewed here.

Harlem Square Coming To Overtown

Harlem Square Site in Overtown

Harlem Square Site in Overtown

Coming soon to the Overtown district of Miami is Harlem Square, which will be a Supper Club/Lounge. The site used to be the home of legendary promoter Clyde Killen that was built in 1925 and also used as a liquor store. 

Harlem Square will be a rebirth of the old Harlem Square Club that used to be in Overtown and where what is considered one of the best live albums, "Live, At The Harlem Square Club, 1963" was recorded. $1.2 million of CRA funds will be allocated for the project.

Located next to Harlem Square is the Streamline Moderne X-Ray Clinic of Dr. Samuel H. Johnson that was built in 1939. The X-Ray clinic was used by blacks in the area because of segregation and was used until 1972. The building was donated to the Black Archives History in 1981. 

With Harlem Square and the addition of a new Marcus Samuelsson restaurant, Overtown is poised for growth in the area.

Swire Properties & Isanic Trading To Develop Land Across From Brickell City Centre

Future Development Site In Red

Swire Properties and Colombian based Isanic Trading are going to be developing a 72,000 square foot lot located at 650 South Miami Avenue in Brickell across that street from Brickell City Centre, according to The Real Deal.

The site is on the location of Tobacco Road, which was demolished in November 2014 and was the oldest bar in Miami. A house that was built in 1920 was also on the site and demolished in March 2015. Also on the site is an empty parking lot and the restaurants River Oyster Bar and Bonding. 

Isanic Trading is owned by Colombian developer Carlos Mattos who purchased sites across the street at 19 and 42 SW 6th Street, which were the site of the former Associated Photos buildings, for $9 million in August 2015. Mattos also purchased a site in Downtown Miami with Ytech International for $21 million in January 2015 and owns a 110,082 square foot lot next to the Miami River, which was purchased for $28 million in 2012.