Washington Squared Has Topped Off In Miami Beach

Washington Squared Miami Beach

Washington Squared Miami Beach

Since going vertical in August 2018, Washington Squared has topped off in Miami Beach at 7 stories.

The assemblage between 6th and 7th street on Washington Avenue will have 312 hotel rooms, 46,849 square feet of retail space and 258 parking spaces.

Washington Squared was designed by Morris Adjmi Architects.

WeWork To Open Space On Top Floor Of Wynwood Garage

Wynwood Garage at Night

WeWork is planning on opening a 30,000 square foot space on the top floor of the recently opened Wynwood Garage, according to The Real Deal.

The Wynwood Garage, developed by Goldman Properties and designed by Faulders Studio was completed in January of this year and has 428 parking spaces, 20,500 square feet of retail and 30,000 square feet of office space.

The WeWork space is expected to open in August.

WeWork is also leasing 10 floors in the under construction 830 Brickell, which is expected to be a 834 foot office tower.

Ritz-Carlton Residences Miami Beach Expected To Open Soon

Ritz-Carlton Residences Miami Beach

The Ritz-Carlton Residences Miami Beach is getting closer to completion and is expected to receive TCO in April, according to The Real Deal.

Developed by Lionheart Capital, The Ritz-Carlton Residences will have 111 residential units and 15 villas located on the West side of the building. Prices start at $2 million and go up to $40 million.

Previous construction photos of the Ritz-Carlton Residences can be viewed here.

1 Hotel South Beach Sold For $610M

1 Hotel South Beach

The 1 Hotel South Beach has been sold for $610 million to Host Hotels & Resort, according to the SFBJ. The seller was Starwood Capital Group and the LeFrak Family.

Location at 2341 Collins Avenue, the 1 Hotel South Beach has 429 rooms, but does purchases doesn’t include the 155 condos.

Starwood Capital Group purchased the hotel in 2012 for 100.3 million and renovated it at a cost of $300 million.

TBT - A Revival Of Miami's Omni District

Miami's Omni District

TBT (February 2, 2015) - Four years ago, the Miami Herald had an article about the revival of Miami’s Omni District, now rebranded the Arts & Entertainment District. Previously, the area was run down with vacant lots and was even used as a set for the movie Rock of Ages featuring Tom Cruise. Fast forward four years and the area now has the completed Square Station, Canvas Condo, the under construction Art Plaza and Miami Plaza with more future development on the way.

After many purchases of vacant land in Miami's Omni District, the area looks to be heading towards a rebirth, according to the Miami Herald.

The neighborhood is located just North of Downtown, but South of Wynwood, Midtown and the Design District. Recent purchases in the area include 1400 Biscayne (Auberge Residences & Spa), Melo Group's land at NE 14th St & NE 1st Ave, and a $64 million transaction just South of the Miami Cemetery.

Land prices were around $60 a square foot five years ago have increased to $390 a square foot, but developers believe condos can be cheaper than Downtown, Brickell and Edgewater. 

Perricone's Marketplace And Cafe To Close Today

Perricone's Marketplace And Cafe

After 22 years, Perricone's Marketplace And Cafe is closing its Brickell location today. The restaurant will be demolished, after being sold for $16 million, to make way for a 19 story CitizenM Hotel with 252 hotel rooms.

Perricone's Restaurant and Gourmet Market will open at 1700 SW 3rd Ave in April that will have over 5,000 square feet of space.

TBT - Panorama Tower Starting To Go Vertical

Panorama Tower In Brickell

Panorama Tower In Brickell

TBT (February 27, 2015) - 4 years ago, the tallest building in Miami - Panorama Tower was just starting to go vertical with two cranes installed at the site. The building would top off in April 2017 at 868 feet with incredible 360 views of all of Miami. Panorama Tower would eventually open in May 2018.

Since starting construction and pouring the foundation at Panorama Tower, the building is slowly making its way above ground level.

Two cranes have been added to the site at 1101 Brickell Bay Drive.