Developer for Ocean Terrace Project Seeks Expansion Approval
Photo Credit: Ocean Terrace Holdings
Plans that were originally approved in 2019 for the historic Ocean Terrace district are being revisited in hopes to expand the project located at 7409-49 Collins Avenue and 7400-50 Ocean Terrace.
The original approved plans included 78 hotel rooms that will be renovated through the historic Broadmoor and Ocean Surg hotels, 58 residential units, and 18,060 square feet of retail space.
The new plans, submitted by developer Ocean Terrace Holdings, would include 75 residential condo units that would range from 1,198 to 2,555 square feet options. In the revised plans, it includes 2 top-floor penthouses that range from 4,028 to 4,332 square feet of living space, each with a rooftop pool.
Photo Credit: Ocean Terrace Holdings
Hotel rooms would also increase to 127 with 55 of the units residing in the historic building. The rest of the units will reside in the new 11-story building that will feature a rooftop pool.
Photo Credit: Ocean Terrace Holdings
The retail space will include 3 pools and 17,474 square feet of space. The new construction will total 525,692 square feet including the parking garage. The original proposal was approved at 359,590.
Architect includes Revuelta Architecture Internation and RJ Heisenbottle Architects is in charge of the historic preservation design.
The Historic Preservation Board will be meeting on September 13 to consider these revised plans. These plans will also include an oceanfront public space. Once the plans are approved, the developer would like to begin construction immediately. The public space and condo tower construction would start in 2022.
Photo Credit: Ocean Terrace Holdings
The Next Steps: After the Champlain South Tower Collapse
In the wake of the condo collapse at Champlain Towers South, we are starting to see a shift in homeowner association infrastructure reporting as well as maintenance. Towns and local governments ordered immediate inspections and updated reports on older towers.
Miami/Dade County ordered inspections on towers older than 40 years of age. Miami Beach ordered an additional and immediate building inspection on all of their towers since the collapse.
Aventura, Florida is one of the only cities in Florida to pass an ordinance requiring condo associations to provide the officials with engineering and architectural reports within 24 hours, when requested. These reports will include concerns electrical, structural, or life safety concerns and on an annual basis.
According to the city press release, associations that do not comply with the new guidelines will be fined up to $500 a day and up to 60 days in prison.
This new ordinance was passed on Thursday and was sponsored by the Mayor of Aventura, Enid Weisman. The ordinance will become law once it receives a second approval.
Mayor Weisman stated, “There is nothing more important than ensuring the safety of the residents of Aventura. Requiring that reports indicating potential dangers to our residents are provided to the city will create transparency and help us to ensure the structural and electrical integrity of our residents’ homes.”
A second meeting is scheduled on August 10, 2021, to officially vote on the new ordinance.
We are encouraged by the actions of Aventura Florida and we hope to see the same ordinances and guidelines for all of Florida.
1 Million Square Foot Mixed-Use Project Proposed for Wynwood- 29N
L&L Holding Co. and Carper Real Estate Partners have recently purchased 3 acres located at 95 N.W. 29th Street in the Wynwood Arts District. Making up nine parcels, the New York-based companies plan on developing a multi-use project totaling 964,693 square feet.
Dubbed the name 29N, this planned project will rise on the former Rubell Family Art Museum Building and will feature multiple buildings 12 and 8 stories tall. There will be a ‘pedestrian paseo’ connecting the towers and lot will feature 313 feet of frontage along NW 29th Street, sharing a block with the Gateway at Wynwood.
Featuring 523 apartments, 200,618 square feet of office space, 26,372 square feet of retail, and 668 parking spaces, 29N will be considered one of the largest projects in Wynwood. Amenities for this project would be on floors seven through nine.
The residential units would range from studio to 2-bedroom apartments with 504 to 1,093 square feet floor plans. This project will be designed by Gensler, a San Francisco-based firm along with Fortis Design + Build.
The renderings for the building design feature a colorful aesthetic that showcases the culture of Miami as well as the Wynwood neighborhood. Art murals with reds, greens, and browns will be showcased on the ground floor level of the buildings.
Renderings and Site Plan Released for Downtown Miami’s Newest Tower The District
Renderings, floor plans, and site plans have recently been released for Miami newest 37-story condominium tower called The District. In April, The Related Group and Parcel C LLC’s proposed and received approval for the project.
This tower is in pre-construction and is proposed to include 347 residential condos with 2,297 square feet of retail space. This project will not have any parking but the developer is requesting an off-site parking waiver.
Rising 393 plus feet tall, The District will be located at 233 N Miami Avenue in downtown Miami. The floor plans will be fully finished and furnished ranging from 446 square feet to 874 square feet with studio to 2 bedroom options.
Includes integrated audio, video window treatment and lighting systems
All residences come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control
Fully built-out closets in all residences
Built in top-of-the-line in-unit washer and dryer
Flooring selections included with specifications recommended by Meshberg Design
Pre-wired for high-speed communications and data connection
Kitchens feature custom Italian cabinetry curated by Meshberg Design
Smeg appliance package includes integrated paneled microwave, dishwasher, built-in convection oven and refrigerator/ freezer
Building Amenities
Rooftop Amenity Deck : Expansive resort-style rooftop amenity deck with plunge swim spa, fire pit, summer kitchen, and gorgeous views of Downtown Miami and Biscayne Bay.
Basketball & Racquetball Courts :Full-height indoor basketball court and regulation-size racquetball court and Rock climbing wall.
Co-working Space :Co-working floor with multiple seating options, high-speed Internet, private meeting rooms, conference room and a full-service kitchen.
Fitness Center :State-of-the-art fully equipped fitness center including a private yoga/spinning room with virtual trainer and men’s/women’s sauna/ sauna and locker rooms.
Museum-quality Art :Double-height lobby featuring professionally curated museum-quality art.
Monitoring Services :24/7 security services and controlled property access.
The District App :Customized password-protected app for home/away smart-home management.
Parking :24/7 valet services and self parking.
Dining :On-site café servicing the residences and recreation areas.
Electric bikes with charging stations are available for residents on the go.
Housekeeping :On-demand full housekeeping services available at your convenience.
Climatized receiving and storage room
Resort Style pool deck with lounge and recreation room
Unit Distribution
Unit Type
Floors
Sq.Ft Range
Starting Prices
Studios
4th – 33rd
458 Sq.Ft – 469 Sq.Ft
From $352,900
1 BD / 1 BA
4th – 37th
558 Sq.Ft. – 615 Sq.Ft.
From $385,900
2 BD / 2 BA
4th – 37th
786 Sq.Ft. – 884 Sq.Ft.
From $573,900
Deposits
10% down with executed contract
10% 60 days after executed contract
10% at groundbreaking (scheduled end 2021)
10% at top off (schedule 3rd quarter of 2022)
60% at closing (scheduled 2nd quarter 2023)
Multiple waivers have been approved on April 9, 2021 but the construction permits have not been filed. Some of paperwork also includes transitioning some units in hotel room. The ground breaking is scheduled for the end of 2021 with estimated completion date of 2023.
MLB Hall of Famer Mike Piazza Sells Miami Beach Mansion for $15 Million
If you need anymore convincing of how hot the Miami real estate market is, another luxury mansion just sold! It gets better because the seller is Major League Baseball Hall of Famer Mike Piazza.
Piazza listed the Miami Beach mansion in December 2017 at $18.5 million. The property located at 1401 West 27th Street, Miami Beach was recently relisted for $14.7 million with a sold price of $15 million. This 8 bedroom, 9.5 bathroom mansion features 9,438 square feet of custom finishes including Jerusalem stone floors and an Italian-inspired kitchen. A private pool, dock, and boat lift elevates the remarkable 100 feet water frontage lot.
The buyers for this incredible residence is none other than the Major Food Group’s co-founder Jeffrey Zalaznick and wife. The couple has been renting the property since October 2020.
According to tax records, Piazza paid $10 million for the home in 2008. But don’t worry, they are not leaving Miami any time soon. They still own a unit at the Ritz-Carlton Residences Miami Beach that they purchased in 2019 for $5.6 million.
Florida Hits the Jackpot – Seminole Tribe and Governor DeSantis Signs Gaming and Betting Agreement
Governor Ron DeSantis is at it again! Back in March, DeSantis met with lawmakers to discuss possible options to bring betting and gaming to Florida, specifically Miami. Now, his plan seems to be falling into place.
A historic deal took place on Friday when Governor DeSantis signed a gaming compact with the Seminole Tribe of Florida that would bring ‘mobile sports betting’ as well as ‘Vegas-style’ casinos to tribal facilities in Florida. According to Marcellus Osceola Jr. on Friday, Chairman of the Seminole Tribe of Florida, stated “The agreement we are about to sign is going to be life changing for our tribe.”
What the Agreement Will Look Like
Ages 21 and older (located within Florida) can use the app to place sports bets (sports teams would not be allowed to bet)
Bets would be routed through the Seminole Tribe for the next 30 years
The Seminole Tribe would agree to pay $500 million in annual payments to Florida (this amount could increase depending upon the market and profits)
The agreement would allow the transfer of slot machine licenses within Miami-Dade and Broward counties
An exclusive right to operate craps and roulette at all of the Tribe’s casinos and to build three more casinos on existing tribal property
Challenges Facing the Agreement
This agreement may come up against some legal challenges due to a constitutional amendment that was passed by voters in 2018 that requires a vote for all new games in Florida. Miami business leader, Armando Codina has hired a lawyer to fight the gambling agreement and if the agreement is approved, he stated that he plans to sue the State of Florida. According to the Miami Herald, there are others that plan on joining the fight if approved.
Final Notes
Before approval, this agreement must be ratified by the Florida Legislature as well as approved by the U.S. Department of Interior. Governor DeSantis and Senate leaders are due to meet on May 17th to discuss the issue and is expecting approval for the compact by August 2021. According to the Miami Herald, if this agreement is approved it will be the “most populous state in the nation to offer mobile sports betting!”
South Florida Welcomes the 69th Miss Universe Pageant at the Seminole Hard Rock Hotel and Casino
The last time the Miss Universe Pageant was in South Florida was 2015 at the Florida International University. This year the pageant will be held at the Seminole Hard Rock Hotel & Casino Hollywood on May 16 and we can’t wait to see what this year’s pageant has in store!
Miss Universe was last held on December 8, 2019 at the Tyler Perry Studios in Atlanta and South Africa’s Zozibini Tunzi was crowned. Because of the pandemic, the 2020 pageant was cancelled.
The President of the Miss Universe Organization, Paula Schugart, stated that the event will follow CDC guidelines and that they have spent the past year working on ways to make the pageant as safe as possible including masks mandates, Plexiglass separating contestants and judges. Schugart also stated that “Our goal is to create a safe and engaging place for users to connect over interests and passions.”
It is unclear who the host will be for the 2021 pageant. The pageant will be available for viewing on the Telemundo Network. We will continuously update this article as we learn more information on the Miss Universe Pageant 2021.
Miami Welcomes Natiivo as the Up and Coming Urban Luxury Home-Sharing Residences
Mixing hotel luxuries with all the amenities a condominium has to offer, Natiivo Miami was then born. Designed and curated by the firm, Urban Robot, they have created a one-of-a-kind luxurious and sophisticated atmosphere perfect for downtown Miami.
Natiivo is the newest and first Condo/Hospitality residential tower located in the heart of downtown Miami with close proximity to the Miami World Center, Frost Museum of Science, Miami Airlines Arena, and Adrienne Arsht Center for Performing Arts. This development is projected to be a 51-story condominium with views of the city as well as Biscayne Bay.
Designed for home sharing, Natiivo Miami offers its owners the ability to rent out their condos as short-term or long-term rentals. The most important factor is that the owner can choose to manage their own rental, hire their own management company, or hire Natiivo Miami to manage the unit.
Units are finished and fully furnished with 16 types of available floor plans ranging from studio apartments to three-bedroom suites. Square footage ranges from 492 to 1,633 square feet with available options of downtown views, Biscayne Bay views, balcony, and/or interior.
Not only are there multiple options available for residences and guests but the building itself offers 3 floors with 70’000 square feet of curated amenities.
Natiivo Miami ‘The Work on 8th’ features 10,000 square feet of co-working space with an amphitheater presentation area.
Work Amenities:
Co-working spaces
Private offices
Flexible office arrangements
Video-capable conference rooms
Quiet rooms
Phone booths
Cutting-edge technology and connectivity
Office host
Coffee and juice bar
Amphitheater
Meeting/presentation rooms
The ‘Social on 9th’ offers 24,000 square feet of food, beverage, and entertainment offerings with a range of local and international options.
Social Amenities:
Specialty restaurant and bar
Dining terrace
Social area with full-service cafe and cocktail bar
Drink and dine lounge areas
Media lounge
Live show and events lounge
The porch
Speakeasy
DJ and live performances
Programmed events
The ‘Splash on 9th’ boats 16,000 square foot of poolside bliss featuring a resort-style pool and cabanas.
Splash Amenities:
Sun deck
Poolside beverage and food service
Native tropical landscaping
Cabana bar
Pool towel services
‘The Fit on 10th’ features 16,000 square feet of health and fitness options.
Fit Amenities:
Juice bar
Yoga and pilates studio
Boxing ring with punching bags
Peloton equipment
Weight station
Cross-training/Crossfit
Spa/treatment rooms
Sauna/steam rooms
Locker rooms
Outdoor terrace/training
The Fit Boutique
The construction has started but once the development is complete, Natiivo Miami will be one of the 25 tallest buildings in Miami. If you or someone you know has an interest in purchasing a Natiivo Miami Unit, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.
Arquitectonica’s Iconic Babylon Apartments Wins Historic Designation With 6-0 Vote
Photo by Phillip Pessar.
This just in from today’s City of Miami Historic Preservation Board meeting! In a unanimous 6-0 vote, the board has voted in favor of historically designating the Babylon Apartments on Brickell Bay Drive, a seminal and very early work by architecture firm Arquitectonica which significantly influenced the firm’s later works as well as decades of modern and contemporary architecture in Miami. There is a 30-day appeals process, but the Babylon is closer than ever to being saved. To recap what has happened up until now, I wrote a nice summary over at the Architect’s Newspaper. Also, check back here for more info on what’s next for the Babylon after today’s HBP meeting as it becomes available.
