AmericanAirlines Arena Seeks to Change name to a Cryptocurrency Exchange – FTX Arena
Cryptocurrency is heading our way! In a recent announcement, AmericanAirlines Arena will be changing its name to FTX Arena. FTX is a startup cryptocurrency exchange that started in Hong Kong in 2018 and as of 2020, it has been operating in the United States.
In 2019, AmericanAirlines stated that they would no longer have the naming rights to the arena leaving room for Miami-Dade County to negotiate the naming rights.
According to a Miami Herald report, during a county commission meeting on Friday, a tentative $135 million with a 19 year contract has been agreed to with FTX. This also means that the current name residents will no longer be in contract. This pending approval will be the crypto industry’s first leg in arena sponsorships. Also in the agreement, Mayor Daniella Cava received approval for a $90 million share to be allocated towards addressing income equality and gun violence.
The next step for FTX is approval from the NBA for the company’s branding to appear on networks, signage, stadium exteriors, etc. If the logo is not approved, FTX has the ability to withdraw their request at any time.
According to the South Florida Business Journal, there was a few who voted against the proposal; including Commissioner René Garcia concluding that the public did not get an advance notice about the proposal. A county resident also came forward stating, “cryptocurrencies tend to evade regulation and abet money laundering.”
FTX CEO Sam Bankman stated “the entire FTX family is thrilled to launch this partnership with Miami-Dade County and the Heat. Through this partnership, FTX isn’t just putting our name on an iconic building. We are committed to providing value to the growing and diverse community in Miami-Dade over the next two decades.”
MiamiRealEstate.TV is the Newest Addition to Miami Condo Investments
We would like to officially announce our newest project, the MiamiRealEstate.TV website. Since 2014, I had a vision of creating a space for all things real estate in Miami. In that same year, I purchased the domain at auction and have been researching ideas/creating a plan since the beginning. During that time, I knew that technology and real estate would collide and I’m so thrilled that this vision has become a reality!
The biggest difference between this project and what others have done is that these videos aren’t just about myself and my listings. I want to showcase the best Realtors in the area, luxury listings, real-estate developers, city-transforming developments, and other industry-leading game changers.
There are currently five videos available featuring Philip Freedman, the Executive Sales Director of The Ritz-Carlton Residences Miami Beach, and Adriana Brito giving a tour of the Upper Penthouse at Brickell Flatiron. Dora Puig was also interviewed giving a tour of her listing for $38 million penthouse at Icon South Beach (please see above video).
Our hope with the launch of MiamiRealEstate.TV is to bring expertise to Miami Real Estate viewers.
We are so excited for this new adventure and we look forward to growing with you! Be sure to follow @miamirealestate.tv on Instagram and visit MiamiRealEstate.Tv to stay updated with everything real estate in Miami.
Michelin-Starred Restaurant Carbone – Makes Debut in South Beach – Plans to Open Additional Eateries in Miami
One of the hottest spots in Miami right now is the Michelin-starred Carbone restaurant. With its remarkable menu, retro-style French décor, and its iconic location; Carbone has become a staple in the South Beach neighborhood in such a short time.
This Michelin-Starred restaurant is the first of many restaurants that Major Food Group plans to open. This hospitality company is ran by Mario Carbone, Rich Torrisi, and Jeff Zalaznick; whom also opened the original Carbone in New York in 2012. They are also in the process of working on restaurants in Miami’s Design District and the Brickell Neighborhood.
Located at 49 Collins Avenue, this luxurious and Ken Fulk design is truly awe-inspiring. Captains fitted in Zac Posen tuxedos guide customers through menu options and salads are prepared tableside for the full Carbone experience. The menu includes raw-bar platters featuring stone crab claws, crab knuckle sandwiches, spicy rigatoni, or veal parmigiana.
Carbone is the first piece of the expansion and the Major Food Group plans to open a private member’s club with Japanese food this spring as well as a French-style Steakhouse in Brickell in September.
Carbone remembers his first trip to South Beach for the Wine & Food Festival in 2012, “I remember vividly one of the first trips we took here together. We had an absolute blast. If you told those kids who were drunk at La Sandwicherie back then that they would be opening on First and Collins, that would have been their dream come true. That’s as good as it gets.”
The Major Group isn’t going anywhere anytime soon. Zalaznick states that “I’ve been here for the last 10 months. As I spent more and more time here, I really realized that this city is an incredible place to live and work in a full-time capacity.”
Are Casinos Coming to Miami?
Jeffrey Soffer, billionaire and son of real estate developer Donald Soffer, is pushing lawmakers to update Florida gambling laws. According to Miami’s Local 10 News, Miami Beach commissioners have hired lawyers to stop Soffer from building a casino under the Fontainebleau brand.
Miami Beach Mayor Gelber’s mission is to ‘discourage late-night entertainment in the city,’ and Soffer’s plan to build a casino goes against this.
According to Mayor Gelber, “What they are going to want to do apparently is take casino licenses, take gaming licenses, gambling licenses that exist right now in parimutuels — slot machines, card games, and things like that — and allow them to become portable.”
Also reported to be involved in the endeavor includes former President Donald Trump, who wants to open a casino at his current resort, Doral.
The Miami Herald has reported that Governor Ron DeSantis, has met with parimutuel owners to discuss casino openings and guidelines.
As part of he legislation, Genting’s Resort World Miami as well as the Seminole Tribe would be included and would greatly benefit from the legalization.
If this legislation passes, gambling licenses would be allowed to transfer into areas that currently do not allow it and local governments could not enforce any laws prohibiting it. The legislation is currently being drafted and will be released to the public within the next few weeks.
Block Capital Group and Kushner Companies LLC Breaks Ground on Wynwood Neighborhood Project
This project will consist of 152 apartments, 46,000 square feet of office space, 33,500 square of retail space, and 232 parking spaces with three roof decks and a large courtyard. There will be one-five and one-eight story buildings located at 129 N.W. 26th Street and 127 N.W. 27th Street, giving it the name WYND 27 and WYND 28.
According to Nicole Kushner Meye, Principal at Kushner, “This project is poised to mesh into the unparalleled Wynwood context and culture, while at the same time expand the vision and limits of this neighborhood with a tremendous addition of creative office, retail, and public space.”
There has been no reported completion date for the construction but we will update this article as the construction and time-line continues.
Subway Corporate Makes its Move to Miami
According to Restaurant Business Online; Subway, the Milford Connecticut based sandwich chain, will be relocating 10% of its operations to Miami. The new location is reported to be near Miami National Airport which also happens to be closer to home of John Chidsey, CEO of Subway, in Coral Gables.
In a statement following the company’s announcement, “A Miami presence allows us to keep our finger on the pulse of more cultural conversations and the evolving tastes of the modern consumer. With its dynamic business climate, diverse population and multicultural influences, it is the ideal place to transition some of our consumer-facing roles.”
The departments that are relocating include; marketing, culinary teams, and global transformation teams. This move will also make their U.S. and Canada based teams have stronger integration with their supply chains. Subway plans to move by the spring of 2022.
This change for Subway comes after a year of layoffs and an ‘executive overhaul,’ with a large number of store closings and buyouts.
Chidsey’s former chain, Burger King, is also located in Miami, as well as its sister company – Popeyes Louisiana Kitchen.
Phase 1 of Miami’s ‘The Underline,’ 10-Mile Long Park is Now Open
Miami’s Metrorail has opened its doors and space for the newest 10-mile long park called ‘The Underline.’ It is located on the underside of the Miami Metrorail. Once it is complete, it will begin in Downtown Miami stretching 10-miles all the way to South Miami.
The spaces will be filed with a bike/walking path, exercise areas, butterfly gardens, dog parks, performance areas and even horticultural designs by Fairchild Tropical Garden.
This city has just finished phase 1 of this park with phases continuing through 2025. The first half-mile from Brickell Station to Vizcaya Station is now open for exploration.
According to theUnderline.org, the 10-mile park will be separated into 4 separate areas, with each area having its’ own special purpose and features.
River Room
Separated walking and biking paths
Dog friendly with dog bowls, clean up bags, and play space
Native vegetation
Urban Gym
Strengthening and stretching station
Half-court basketball or soccer field
Running track
Promenade
Sound stage
Gaming station
Outdoor dining area
Oolite Room
20 butterfly gardens along the 10-mile park
The designers are hoping it’ll serve as a space to improve the safety and healthy lifestyles of Miami residents as well as visitors. Phase 2 is set to begin soon and will start at Vizcaya Station.
Is Kim Kardashian Moving to Miami?
American media personality and socialite, Kim Kardashian may be making the move to Miami along with other celebrities who are leaving the west coast. With announcements of her recent filing for divorce from rapper Kayne West; Life & Style Magazine have revealed that Kim K. is “checking out Miami real estate – and Miami men.”
Her claim to fame came when she first debuted on television as the personal stylist and friend to Paris Hilton. Over the years, she has created brands KKW Beauty, KKW Fragrance, and SKIMS; as well as starring in a hit reality tv show ‘Keeping Up with the Kardashians’ that just ended its’ final season. Sources have said that Kim K. wants to restart her life and has referenced Miami being her target.
Florida is known for its less strict COVID guidelines, no state income tax, and lower cost of living; it should be of no surprise that a large number of celebrities are leaving the west coast and moving to South Florida.
Other celebrities that have made their way to Miami include; Ivanka and Jared Kushner purchasing their $32.2 million estate in Miami Beach’s Indian Creek, Tom Brady and Gisele Bündchen purchased a $17 million home also in Indian Creek, and Rob Gronkowski purchasing a $1.7 million condo in the Marquis Residences.
Kim and her sister Kourtney Kardashian previously lived in Miami from 2009-2013 when they filmed their spin-off series; ‘Kourtney and Kim Take Miami.’ Whether she purchases a condo in downtown or in the famous Indian Creek where many celebs flock too, we will definitely be on the look out for Kim Kardashian’s next moves!
Baccarat Hotel & Residences Coming to Brickell
Baccarat Hotel & Residences will be the newest condominium development in the Brickell neighborhood of Miami. Located at 444 Brickell Avenue; tower 1 will be 88 stories, tower 2 will be 75 stories, 375 units, and 2 private elevators per unit. 1 to 4-bedroom units will be available starting from $945,000.
Developer: The Related Group
Architect: Arquitectonica
Landscape Designer: Enzo Eneas
Interior Designer Curated by Baccarat: Meyer Davis
According to The Real Deal, The Related group paid $104 million for the property in 2013. The 4-acre property is home to an office building with a Capital Grille restaurant on the ground floor.
Condominium Options:
1 bed plus den /2 bath – line 05 1,337 sq ft Starting $945k
2 bed plus den/ 3.5 bath -line 02/03/04 1,788-1,923 sq ft Starting $1,410,000
3 bed /3.5 bath – line 06 SE Corner 2,084 sq ft Starting $1,805,000
4 bed / 4.5 bath – line 01 NE Corner 3,033 sq ft $2,465,000
Payment Structure:
20% at contract 10% groundbreaking 10% at 12th-floor amenity deck 10% at top off 50% end of 2024
Residence Features:
Private key elevator access
10 Ft ceilings residences
Linear diffusers in living areas
Ital Kraft cabinetry and Wolf induction and oven and stone backsplashes
Sub-zero fridge and wine storage
Solid door wooden doors
Master bedroom has 2 walk-in closets
Laundry rooms and utility sinks in selected residences
Smart building – pre-wired
Touch screen monitor for concierge & security
Package to 4 choices of flooring included in the price
Building Features:
Zero-entry heated pool
Kids pool
Bbq area
Club room
Billiard room
Fitness room
Hamam spa
Squash court
Wine cellar and tasting salon
Game room
Children’s playroom
Business center
Gourmet market
Waterfront restaurant
Boat slips for rent
Valet & security
Membership for 1 year to 1 hotel beach club
Riverwalk under the bridge to Miami circle
If you or someone you know has any interest in purchasing or would like more information about the Baccarat Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 or click here for more information.
Is Miami Going to Become the Next Silicon Valley? If it’s up to Mayor Francis Suarez, it Will Be.
Since the infamous tweet from Miami’s own Mayor Francis Suarez in early December of 2020, he has become very creative in his attempts at recruitment of relocating big tech and financial companies to Miami.
According to CNBC, the “How can I help?” tweet generated more that 2.3 million organic impressions. “It gave me the impetus and energy and incentive to keep tweeting and connecting at a very high rate,” Suarez said. From December 2020 alone, he has had more than 27 million impressions on his account and he hasn’t stopped there.
In his latest marketing efforts, commuters in San Francisco were greeted by their usual sign but this one had a different message. “Thinking about moving to Miami? DM me,” was sprawled across the billboard that resembled a tweet.
This particular signage is right above the 9th Street exit off westbound I-80 that leads to Twitter’s San Francisco headquarters. The only information we do know is that Twitter employees are currently working remotely until the end of summer 2021.
His campaign seems to be working with a few known tech giants and companies committing to relocating to Miami. Keith Rabois, former executive of Square and Paypal, David Blumber-Manager of Blumberg, and Scott Absher- CEO of ShiftPixy are just a few.
“My job is… to make sure people understand this is not a moment. This is a movement,” he said. “We’re going to continue to do everything we can to attract the entrepreneurial and intellectual class of our country to Miami to create high-paying jobs in a city like ours that wants to continue to grow,” says Mayor Suarez.
