The Big First Floor Retail/Party Space at Ten Museum Park is For Rent
Zaha Hadid was here. By Sean McCaughan.
The large, raw, double-height retail space on the first floor of Ten Museum Park which has played host to lots of real estate industry parties over the years, like the groundbreaking and other events for One Thousand Museum, the Zaha Hadid condo tower next door, is for rent. Now that that tower is getting nice and tall, they must not be needing it anymore. (they were both built by the same developers) The 4,000 square feet location is ready for build-out, and listed at $60 per square feet with triple net. Check out the listing photos here.
Kukaramakara Moving into Revolving Door Retail Space at 900 Biscayne
Kukaramakara. Photo by Lucas Lechuga
The ground-floor retail/restaurant space at 900 Biscayne Bay has had a series of tenants sine the building’s completion in 2008. but will the building’s latest entree be the right fit? Kukaramakara, a live band venue just opened over the past weekend. Up until 2 or 3 weeks ago, the space was occupied by Libar Steakhouse, before that Doma Polo Bistro, and before that another place, which, if we remember correctly, was an Argentinian restaurant. Meanwhile the space itself was put on the market for sale earlier this year.
The space is a great example of the amount of retail turnover on this stretch of Biscayne Boulevard, the so-called Biscayne Boulevard wall. The Marquis had a hotel, and now it’s about to have another hotel. 888 Biscayne Boulevard/Marina Blue is getting a CVS in their corner space. The ground floor retail space at Ten Museum Park has never had tenant. And soon One Thousand Museum will be adding more retail square footage to the row. With new construction happening nearby, a neighborhood in transition, and lots of traffic along Biscayne Boulevard, when will the stretch reach some stability?
Two New Websites Launched, More on the Way
Miami Condo Investments is pleased to announce the launch of two new building-specific websites – one covering condo sales and rentals at Icon Brickell and the other for those located at Ten Museum Park. The former is a completely new website packed with many unique features that you will not find anywhere else. For example, the website provides users with the ability to filter inventory by flooring type (e.g. wood, marble, carpet, ceramic, etc.) – such a simple yet powerful way to conduct a property search. It also provides users with the ability to filter inventory by number of parking spaces, whether the property comes furnished and/or unfurnished, as well as the usual ways to filter such as by price, number of bedrooms, and square footage. In creating this website, my main objective was to deliver an enhanced user experience, one that allows buyers/renters to quickly arrive at the properties best suited for them. Once you’ve had a chance to take the website for a spin, I am sure you will agree that my objective was accomplished. Also included is data for pending and closed inventory.
The second website – the one for Ten Museum Park condos – is a complete makeover of a website I previously had for that condo development. The design for the new version was carried over from the one created for Icon Brickell. Also included are the same, powerful search capabilities. Additional websites are well underway, including complete makeovers for my Miami Condo Investments, Marinablue, 900 Biscayne Bay, Marquis, and Paramount Bay websites, as well as a completely new website covering the Miami luxury homes for sale niche market. I look forward to providing you with the best website experience when searching for Miami real estate.
Ten Museum Park Pet Policy Change
At a recent board meeting, the Residential Board of Directors for Ten Museum Park voted and passed to overturn the pet policy. Once again, renters will be permitted to have a maximum of two pets per unit with a combined total weight not to exceed 100 pounds. All unit owners and renters will required to fill out a pet registration form, submit a photo of their pet(s), and remit a non-refundable $50 pet fee per pet. The policy change will go into effect starting December 19, 2014.
In my opinion, this is great news for unit owners in the building, especially for investors. There have been so many times that I have had to turn away prospective renters from Ten Museum Park simply because they have a pet. Up until around August 2013, Ten Museum Park had been a pet-friendly building and a favorite among pet owners due to its open floor plans. The change should increase rental demand for units at Ten Museum Park, which should in turn have a positive impact on rental prices. As it stands, rental inventory is low in the building. Currently, there are just 6 units available for rent at Ten Museum Park of 200 total units. With the newly opened, $40M Museum Park right across the street, I am sure Ten Museum Park will once again be a favorite among dog owners.
Just Listed – Unit 2402 at Ten Museum Park – Asking $969,000
I am pleased to introduce my newest listing at Ten Museum Park – unit 2402 – a beautiful 2 bedroom, 2.5 bath, bi-level loft with over 1,800 interior square feet and a private balcony overlooking the newly opened Museum Park. The property features soaring 20-foot ceilings with floor-to-ceiling glass windows; stainless steel appliances by Sub-Zero, Miele, and Bosch; a Terrazzo-topped custom kitchen island; utility room with full-size washer and dryer; a full glass-enclosed shower with rainfall shower head; and direct, unobstructed views of the Atlantic Ocean, Biscayne Bay, and Miami Beach skyline.
As of this posting, unit 2402 is the best priced unit in the building among those that offer a direct water view. As you may recall, I recently listed and sold unit 1802 – a 2 bedroom located six floors directly below unit 2402. That one received multiple offers and went under contract within 7 days. With peak season right around the corner, I am confident that interest in this property will be equally as great.
Below, you will find additional photographs of unit 2402 at Ten Museum Park. If you or someone you know have an interest in viewing this property in person, please contact me via email at [email protected] or on my cell phone at 786-247-6332.
Circuit Layout for Formula E Miami ePrix
Earlier today, Mayor of Miami Tomas Regalado formally announced that Miami will host “the first electric single-seater race in America”. The Miami ePrix will take place in Downtown Miami on an eight turn, 1.35-mile circuit down Biscayne Boulevard and looping the American Airlines Arena, home to the Miami Heat. The course will also run along the newly opened Museum Park, offering plenty of space for spectators to watch the race from street-level, as well as in front of Downtown Miami condo high-rises Marinablue, 900 Biscayne Bay, Ten Museum Park, and Marquis Residences. The race is set for March 14, 2015.
Just Sold – Ten Museum Park Units 1802 and 1708
Units 1802 and 1708 at Ten Museum Park are now officially closed. Unit 1802 (pictured above) – a 2 bedroom, bi-level loft with 1,802 interior square feet – sold in just 7 days for $900,000 while unit 1708 (pictured below) – an 808 square foot 1 bedroom condo – sold in just 16 days for $338,000. It came as no surprise since both units showed beautifully and were attractively priced. The $900,000 price paid for unit 1802 was the highest price ever paid for a 2 bedroom, non-corner unit at Ten Museum Park. I represented the seller in the sale of unit 1802 and represented both the seller and buyer in the sale of unit 1708. I now have unit 1708 listed for rent with an asking price of $2,450 per month. If you or someone you know may have an interest in renting it, please contact me for additional details and/or to request a showing. See bottom of this post for a video of unit 1708.
Video of Ten Museum Park #1708:
Just Listed – Unit 1708 at Ten Museum Park – Asking $355,000
Unit 1708, pictured above, is the second of two condos I recently listed at Ten Museum Park. It shows beautifully and has already grabbed the attention of several interested buyers. The 1 bedroom, 1.5 bath residence has 808 livable square feet, 143 square feet of balcony, a custom glass divider to separate the living room from the bedroom, wood flooring throughout, full-size washer and dryer, and stainless steel appliances by Sub-Zero, Miele, and Bosch. It also features 10-foot ceilings with floor-to-ceiling glass windows, a full glass-enclosed shower with rainfall shower head, built-out closets, and captivating views of Biscayne Bay. Priced at $355,000, unit 1708 is currently the second best priced property in the building.
If you or someone you know have an interest in viewing this unit in person, please contact me via email at [email protected] or on my cell phone at 786-247-6332.
Below, you will find additional photographs of unit 1708 at Ten Museum Park:
Ten Museum Park Unit 1802 Under Contract in 7 Days
Well, that didn’t take long. Unit 1802 at Ten Museum Park is now officially under contract. I received multiple offers within 3 days and got it under contract in just 7 days. It goes to show that in today’s market a property will sell quickly provided that it is priced correctly and well presented. This property showed beautifully, and I’m sure a month from now the buyers will be very happy in their new home.
Just Listed – Unit 1802 at Ten Museum Park – Asking $915,000
I am happy to announce that I recently got the listing on two beautiful units at Ten Museum Park. The first unit, which is pictured above, is a stunning 2 bedroom, 2.5 bath, bi-level loft with over 1,800 interior square feet and a deep, spacious balcony overlooking the newly opened Museum Park. The ultra-modern unit features a clean, chic design; soaring 20-foot ceilings with floor-to-ceiling glass windows; stainless steel appliances by Sub-Zero, Miele, and Bosch; full-size washer and dryer; a full glass-enclosed shower with rainfall shower head; and direct, unobstructed views of Biscayne Bay and the Miami Beach skyline. Priced at $915,000, unit 1802 is currently the best priced unit in the building among those that offer a direct water view. If you or someone you know have an interest in viewing this unit in person, please contact me by email at [email protected] or on my cell phone at 786-247-6332.
Below you will find additional photographs of unit 1802 at Ten Museum Park. Later this week, I will post information and pictures of my second listing at Ten Museum Park – a beautiful 1 bedroom, 1.5 bath loft.
