DOCSLIB.ORG

PERCEPTION Vs. REALITY

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
PERCEPTION Vs. REALITY DECEMBER 2014 AN IN-DEPTH ANALYSIS OF SOUTH FLORIDA’S NEW CONDOMINIUM MARKET A RT E UR LT U C ON CATI U E ED N T E R T L A A I N N M O RE I A E L N T E A S T N T A R T E E T N I MIAMI N O RISE OF A GLOBAL CITY I H S A F & M L I F F Y I N G A O N C L E O N H C E T PERCEPTION vs. REALITY RENTAL TRENDS INTERNATIONAL REPORT arts&culture ISG CITY WATCH Cover Credit: FROM THE ISG PRINCIPALS Welcome to the ISG Miami Report, we are honored to present our current research on the state of the South Florida market. This edition is the most extensive and in-depth Miami Report to date. The speed at which the South Florida Market is evolving is breathtaking. Our intention these last five years has been to define the state of the market and to inform our fellow business associates how these dynamics affect our business environment and define our region. In this report, we have once again assembled all of the recent data on our current market conditions. We have examined new and pre-construction developments sub market by sub market, studied MLS trends, and have included (for the first time) an analysis of the rental market, which is playing such a big part in our economic growth. Our latest edition covers more than statistics. We have diligently charted the many influences that propel Miami’s emergence as a Global City. The future is both exciting and dynamic. In this issue we feature the various areas that demonstrate the evolution of Miami. In this regard, we have also examined the subjective factors that are impacting the worldwide surge of interest in South Florida. In the course of our research, one theme begins to emerge “MIAMI IS THE REASON”. The rationale may vary and be as diverse as the people looking to settle here. It may be the politics, security, culture, economic stability, education, climate or simply the lifestyle, but it is MIAMI as a whole that is the star. Has Miami already achieved the status of “Global City”? Perhaps, not yet. We have much to do in areas like infrastructure, transportation and education before we can rightly take our place as a Global City. However, no one can deny that we are certainly on the right track to distinction. We, at ISG, invite you to follow us as we chronicle the journey of a city on the rise to global prominence. We hope that you will find our material helpful in telling our story to a global audience and useful in promoting your business interests. ISG is committed to continuing to produce the high level of marketing information for which the Miami Report is known. Sincerely, Craig Studnicky & Philip Spiegelman Michael Ambrosio ISG Principals ISG President T A B L E O F C O N T E N T S 4. FEATURED STORY 6. WEALTH REPORT 8. FINANCIAL 12. NEW CONSTRUCTION 24. WORLD CLASS PENTHOUSES 26 . MLS RESALE INVENTORY 32. RENTAL TRENDS 40. POPULATION STATISTICS 42. INTERNATIONAL MARKET 48. TRANSPORTATION 54. CULTURAL AND ECONOMIC GROWTH 68. ISG CITY WATCH 70. SOUTH FLORIDA 2020 82. ON THE GROUND REPORT FEATURED STORY “Generally speaking, the market has continued a slow and steady recovery that is markedly different from past down cycle recoveries. History would suggest a more vertical recovery especially given the severity of the economic decline. This recovery has been a decidedly different experience PERCEPTION as the slope of recovery has been shallow and the expected acceleration has not materialized.” Stuart A. Miller Quote Chairman of Lennar Chairman REALITY Miami Herald, Monday October 13, 2014 Examining the Difference Between “Proposed” and “For Sale” in the South Florida New Condo Market Once again, buzz is difference between a brewing about the number condo project released to of proposed new condos set market (“For Sale”) versus a to hit the Miami / South proposed project that remains Florida market. Concern subject to the following: comparisons are even being - Land Use Approvals made to the bubble stories - Zoning Approvals of 2005. - Entitlement Approvals The Miami Herald published - Backing of Reputable an article in May of 2005, Developer “PROJECTING”, that 62,000 - Suitable Financing condos were planned for - Changing Business Plans development within the Currently, the estimated Brickell Ave. / Downtown number of new “Proposed” Miami corridor. In actuality, condos East of I-95, in just 17,502 of those proposed Miami-Dade, Broward, and 62,000 condos were Palm Beach is 38,000 developed...less than 40% of (according to the South what was projected. Florida Business Journal, October, 2014). In tracking the data of Miami / South Florida’s current Of those, 16,033 have been brought to market for sale, cycle, we found that the number of proposed new condos since the last business quarter of 2011 (42% of the 38,000 is, once again, different from the number of condos that “Proposed”). To date over 62% of this inventory has have actually been brought to market for sale thus far. been sold. Additionally, proposed condo projects may, eventually, be With less than 6,200 new condo units remaining to be sold, brought to market, once various governmental and South Florida currently has less than 18 months of new condo business issues get resolved. But it is critical to note the inventory for sale according to historical absorption patterns. 4 ISG MIAMI REPORT 2 0 0 5 2 0 1 4 PROPOSED PROPOSED 62,000 38,000 DOWNTOWN MIAMI MIAMI-DADE, BROWARD & AND BRICKELL ONLY PALM BEACH COUNTY EAST OF I-95 ACTUAL ACTUAL FOR SALE FOR SALE 17,502 16,033 SOLD 62% SOLD 2014 NEW CONSTRUCTION CONDO OVERVIEW South Florida Condominium Analysis East of Interstate 95 CONSTRUCTION TOTAL TOTAL TOTAL PERCENT TOTAL STATUS TOWERS UNITS SOLD SOLD UNSOLD Delivered 8 1,133 1,046 93% 84 Under Construction 44 8,540 7,209 84% 1,331 Pre-Construction 35 6,360 1,745 27% 4,615 Totals 87 16,033 10,000 62% 6,030 sources: multiple listing service (mls), tax records and on-site sales ISG MIAMI REPORT 5 WEALTH REPORT The Cities that matter to UHNWI’s - Global Survey MOST IMPORTANT NOW 2014 Miami Ranking: 7 7. Miami 1. London 2013 Miami Ranking: 8 $800 psf $6,000 psf 2011 Miami Ranking: 29 2009 Miami Ranking: 29 2. New York $4,000 psf (NYC / Manhattan) 10. Paris $4,400 psf 5. Geneva $3,000 psf For the past eight years, Knight Frank distributes an annual Wealth Report - a collection of data about the Global “UHNWI” community (ultra high-net-worth individuals), defined as those with US $30 million or more in net assets. Sources: Knight Frank Wealth Report Forbes, June 2014, Business Insider March 2014 6 ISG MIAMI REPORT TOP 5 CITIES NORTH AMERICA WHEN EXAMINING NorTH AMERIcaN CITIES OF IMPorTANCE TO UHNWI, MIAMI coMES IN AT #2 – SEcoND 6. Shanghai ONLY TO NEW YorK CITY. $2,000 psf 9. Beijing 1. New York 8. Dubai $1,500 psf 2. Miami $2,500 psf 4. Hong Kong $4,500 psf 3. Washington, D.C. 3. Singapore 4. San Francisco $1,500 psf 5. Toronto ISG MIAMI REPORT 7 “ 53 banking offices hold $12 billion in domestic deposits and $6.7 billion in non-resident alien deposits on Brickell Avenue, and nearly $7 billion in foreign money sits on the balance sheets of Greater Miami banks.” Miami Today, Dec. 11th, 2013 8 ISG MIAMI REPORT WALL STREET OF THE SOUTH Miami is the second most popular America. As the gateway to the rest of banking hub in the U.S. after the country, Miami and its financial center New York City. Currently home to over on Brickell Ave. is at the center of Latin 60 international banks and nearly 100 American investments. alternative investment companies*, Mark Spitznagel, founder and CIO of Miami’s thriving financial district is Universal Investments – the largest Hedge attracting financial institutions from Fund to move to Miami in recent years, said around the world. to Florida.gov, “Florida and Miami Dade Additionally, many of the nation’s County’s business-friendly policies offer wealthy financial leaders are heading to the perfect environment for Universal as the Sunshine State – with their clients’ we expand.” funds - to semi-retire while they work, Even the financial tycoons who live, and play. So why are banks and aren’t bringing their actual businesses to hedge funds setting up shop in Miami Miami are bringing their money here and investors from around the world in a major way – through large real depositing their millions here? estate purchases. Goldman Sachs One major reason are the tax breaks– CEO Lloyd Blankfein and Apollo no individual state income tax or estate Global Management’s Leon Blac have tax exists in Florida. Another reason is both reportedly purchased eight-figure Miami’s obvious connection to Latin residences in Miami Beach. *Miami Downtown Development Authority (DDA) “Miami Is Wall Street South” Business Insider, February, 2014 Rendering of proposed new Fairholme Capital HQ, designed by Arquitectonica ISG MIAMI REPORT 9 “ Downtown Miami is home to the second largest concentration of international banks that manage $26 billion worth of international bank assets and finances $54 billion worth of trade.” August, 2014 A SAMPLING OF HEDGE FUNDS & FINANCIAL INSTITUTIONS WITH HEADQUARTERS IN MIAMI Banco Colpatria Red Multibanca Encore Housing Opportunity Fund Colpatria SA WE Family Offices Banco Davivenda SA Atyant Capital (Boca) Banco de Bogata SA FINSER International Group Banco de Credito del Peru Riverloft Capital Management Banco de Nacion Argentina Universa Banco de Brasil City National Bank Banco Industrial de Venezuela USB ESL Fund TotalBank Fairholme Capital US Century Bank Bayview Asset Management 10 ISG MIAMI REPORT MAJOR CORPORATIONS In addition to the aforementioned and more than $209 million in capital banks and hedge funds that have investment.
Load more

Recommended publications
  • Brochure and to the Documents Required by Section 718.503, Florida Statutes, to Be Furnished by a Developer to a Buyer Or Lessee
    OBTAIN THE PROPERTY REPORT REQUIRED BY THE FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. AUBERGE BEACH 1 DEVELOPED BY VISIONARIES page 10 THE AUTHENTIC LUXURY OF AUBERGE page 14 ORIGINAL WORKS OF CONTEMPORARY ART page 22 FEATURES & AMENITIES page 48 FORT LAUDERDALE LIFESTYLE page 62 AUBERGE BEACH 2 SEE LEGAL DISCLAIMERS ON BACK COVER AUBERGE BEACH AUBERGE BEACH 4 5 SEE LEGAL DISCLAIMERS ON BACK COVER INDULGE IN THE ELEGANCE OF BEACHFRONT LIVING AUBERGE BEACH RESIDENCES & SPA FORT LAUDERDALE JOINS AN INTERNATIONAL PORTFOLIO OF AWARD-WINNING PROPERTIES IN NORTH AMERICA Auberge Beach Residences & Spa brings the ultimate personal service ensures that residents’ every need is in luxury living to Fort Lauderdale’s most extraordinary catered to with ease. Unique among even the finest beachfront property. Exquisitely designed residences, a luxury residential properties, Auberge Beach Residences rich array of indoor and outdoor amenities, a tempting & Spa will offer a host of exclusive cultural and culinary selection of restaurants, and a world-class Auberge- experiences that have been thoughtfully crafted to branded dining and spa are perfectly located directly enhance residents’ lifestyle and engage their senses. on 450 linear feet of pristine Atlantic Ocean beachfront. From sunup to sundown and deep into the night, Throughout Auberge Beach Residences & Spa, a curated residents will enjoy living life to its fullest and creating collection of contemporary art creates an atmosphere memories that will last a lifetime.
    [Show full text]
  • Views the Miami Downtown Lifestyle Has Evolved
    LOFT LIVINGwww.miamicondoinvestments.com REDESIGNED Feel the Street. At Your Feet. Out your window. At your feet. www.miamicondoinvestments.com ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. See Legal Disclaimers on Back Cover. See Legal Disclaimers on Back Cover. www.miamicondoinvestments.com See Legal Disclaimers on Back Cover. Welcome to the Core of Downtown Life. www.miamicondoinvestments.com See Legal Disclaimers on Back Cover. See Legal Disclaimers on Back Cover. At the center of all life is a place from which all energy flows. In the heart of downtown Miami’s cultural and This is the fusion of commercial district, this is Centro - the new urban address inspired by today’s modern lifestyles. Smart and sleek... Lofty and livable... Inviting and exclusive... work, play, creativity, the Centro experience takes cosmopolitan city dwelling to street level. and accessibility. Step inside. www.miamicondoinvestments.com www.miamicondoinvestments.com See Legal Disclaimers on Back Cover. See Legal Disclaimers on Back Cover. Centro stands as proof that you truly can have it all. Location, style, quality, and value are all hallmarks of life Building Amenities Comfort. in our city center. • Triple-height lobby entrance • 24-Hour reception desk Step outside your door and find yourself in Miami’s • Secured key-fob entry access Convenience.
    [Show full text]
  • Insight from the Breakers
    AUGUST 2018 | SFBWMAG.COM | $7.95 Insight from The Breakers CEO Plan an event On a Celebrity cruise, your team will enjoy premium event experiences, complimentary meeting spaces with state-of-the- that proves business art A/V equipment, world-class accommodations, distinctive restaurants with menus crafted by our Michelin-starred chef, can mix seamlessly and live entertainment throughout the ship. And, with more than with pleasure. 300 destinations on all seven continents, we open up a world of possibilities for your event—literally. Learn about our latest offers contact Joyce Lopez at (754) 317-3505 or [email protected] FOR THE 11TH CONSECUTIVE YEAR 2©2018 AUGUST Celebrity 2018 Cruises. • www.sfbwmag.com Ships' registry: Malta and Ecuador. Let Us Take a Look At Your Employee Benefits Needs! Arthur Novoseletsky Samantha Graveline Laura Sherwin Antonio Tavares Francisco Menendez Brown & Brown Benefit Consultants 1201 W. Cypress Creek Road, #130, Fort Lauderdale, FL 33309 954- 776-2222 1-800 648-9303 www.bbftlaud.com Medical Insurance – Level Funded / Fully Insured / Self-Funded Prescription Drug Dental Insurance Vision Insurance Disability Insurance – Short Term Disability / Long Term Disability Life Insurance Voluntary Programs Assistance with COBRA HR / Benefits Compliance Online Enrollment Technology www.sfbwmag.com • AUGUST 2018 3 WHERE BOUNDARIES ARE BROKEN PROJECT LAW FIRM MIAMI 4 AUGUST 2018 • www.sfbwmag.com WHERE BOUNDARIES ARE BROKEN 2818 Center Port Circle Pompano Beach, FL 33064 • P 954.735.8223 18288 Collins
    [Show full text]
  • Echo Brickell Condos Fact Sheet
    FACT SHEET Address 1451 Brickell Avenue, Miami, FL 33131 Project Description Echo Brickell is a boutique, residential high-rise in the epicenter of Miami’s fastest growing metropolitan neighborhood, located on the coveted East side of Brickell Avenue. Echo Brickell is the result of a first- time collaboration between acclaimed architect Carlos Ott and the esteemed innovators at yoo Studio. With only 180 residences, Echo Brickell is the most exclusive architectural icon south of New York. The fully finished, exquisitely designed residences feature summer kitchens and top-of-the-line appliances. Expansive terraces bring the outside in and marble flooring throughout the living spaces elevates the level of grandeur. These limited edition residences bring together innovative architecture and modern interior design to create a living space that’s impeccable, exciting and unique. Echo Brickell’s state-of-the-art residences will redefine the standard of excellence for South Florida high- rise living. Developer Echo Brickell is a joint venture between Property Markets Group and JDS Development Group. Founded in 1991 by Kevin Maloney, Property Markets Group (“PMG”) has direct hands-on experience in the acquisition, renovation, financing, operation, and marketing of residential and commercial real estate. A development firm of national scope, PMG has over 150 real estate transactions during its 20-year history. Team Conceptual Design: Carlos Ott Interior Design: yoo Studio Architect of Record: Cohen Freedman Encinosa ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE.
    [Show full text]
  • Echo Brickell
    ECHO BRICKELL ECHO BRICKELL Call: +1.786.383.1553 Call: +1.786.383.1553 ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE , IF ANY, OF THIS PROPERTY . EAST/SOUTHEAST VIEW VIEWS ACTUAL VIEWS MAY VARY AND CANNOT BE GUARANTEED. VIEWS SHOWN CANNOT BE RELIED UPON AS THE ACTUAL VIEW FROM ANY PARTICULAR UNIT WITHIN THE CONDOMINIUM. ORAL REPRESENTATIONS CAN- NOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY. OVERVIEW ECHO Brickell is a boutique residential high-rise in the epicenter of Miami’s fastest growing metropolitan neighborhood, located on the coveted East side of Brickell Avenue. Echo Brickell’s 157 state-of-the-art residences redefine opulent living in Miami’s most exciting locale. With conceptual design from mastermind Carlos Ott, ECHO Brickell is a host of privilege at every turn. Echo Brickell’s interiors introduce an exciting new concept to the world - fusing world renowned architect, Carlos Ott and yoo design studio, in a first time collaboration to create a limited edition collection: Carlos Ott + yoo .
    [Show full text]
  • Filing # 107142705 E-Filed 05/06/2020 03:17:24 PM
    Filing # 107142705 E-Filed 05/06/2020 03:17:24 PM IN THE CIRCUIT COURT OF THE 11TH JUDICIAL CIRCUIT IN AND FOR MIAMI-DADE COUNTY, FLORIDA LION ADV, INC., Case No. 2020-xxxxxx-CA-xx Plaintiff, JURY TRIAL DEMANDED vs. SUNSET ENTERPRISE LTD, BCC FOOD HALL LLC d/b/a/ LUNA PARK, and ROBERTO COSTA, Defendants. ______________________________________/ COMPLAINT Plaintiff Lion Adv, Inc., by and through its attorneys, sues Defendants Sunset Enterprise Ltd, BCC Food Hall LLC d/b/a/ Luna Park, and Roberto Costa, for breach of contract, unjust enrichment, and alter ego, and alleges: PARTIES 1. Plaintiff Lion Adv, Inc. (“Lion”) is a Florida For-Profit Corporation with its principal place of business in Miami-Dade County, Florida. Mirko Scarcella (“Scarcella”) is the owner and president of Lion. He is an entrepreneur, author, and renowned personality in the social media world. 2. Defendant Sunset Enterprise Ltd (“Sunset”) is a United Kingdom Limited Liability Company with its principal place of business in London, England. Sunset does extensive business in Florida and has attorneys in Florida to handle its legal matters. 3. Defendant BCC Food Hall LLC (“BCC”) is a Florida Limited Liability Company with its principal place of business in Miami-Dade County, Florida. BCC operates a food hall at Brickell City Centre under the name Luna Park. 1 4. Defendant Roberto Costa (“Costa”) is the owner of BCC. Costa also owns eleven other restaurants around the world. RELEVANT NON-PARTY WITNESSES 5. Walter Gumina (“Mr. Gumina”) is an employee or agent of BCC. 6. Muhammad Asif (“Mr. Asif”) is the CFO of G-Life Corp., another Costa company.
    [Show full text]
  • Miami Dade College and the Engaging Power of the Arts Eduardo J
    © Journal of Higher Education Outreach and Engagement, Volume 17, Number 3, p. 69, (2013) Copyright © 2013 by the University of Georgia. All rights reserved. ISSN 1534-6104 Miami Dade College and the Engaging Power of the Arts Eduardo J. Padrón Abstract In this essay, the president of Miami Dade College describes the anchoring role that the institution plays in the Miami met- ropolitan region, with a particular emphasis on the many arts and cultural contributions. These efforts, combined with the economic and workforce development endeavors, make Miami Dade College a model anchor institution. he Cuban revolution unfolded throughout the 1950s, cul- minating on January 1, 1959, when Fidel Castro’s forces rolled into Havana and took control of the island nation. TIn the 2 years that followed, more than 200,000 Cubans landed in Miami, beginning a dramatic demographic change for South Florida (United States Census Bureau, 2012). In the ensuing years, additional waves of Cuban, Haitian, and other immigrants from Central and South America forever changed the landscape of South Florida. Another event occurred in 1959, in Miami, that would prove essential in providing a pathway to economic and social integra- tion for this enormous influx of new residents. The State of Florida gave formal approval to launch a new junior college in Miami. Classes opened in 1960 with 1,428 students. By 1967, Dade Junior College had become the largest institution of higher education in the state of Florida, enrolling more than 23,000 students. It was also the fastest growing junior college in the nation. It enrolled more freshmen than the University of Florida, Florida State University, and the University of South Florida combined.
    [Show full text]
  • Miami Condos Most at Risk Sea Level Rise
    MIAMI CONDOS MIAMI CONDOS MOST AT RISK www.emiami.condos SEA LEVEL RISE RED ZONE 2’ 3’ 4’ Miami Beach Miami Beach Miami Beach Venetian Isle Apartments - Venetian Isle Apartments - Venetian Isle Apartments - Island Terrace Condominium - Island Terrace Condominium - Island Terrace Condominium - Costa Brava Condominium - -Costa Brava Condominium - -Costa Brava Condominium - Alton Park Condo - Alton Park Condo - Alton Park Condo - Mirador 1000 Condo - Mirador 1000 Condo - Mirador 1000 Condo - Floridian Condominiums - Floridian Condominiums - Floridian Condominiums - South Beach Bayside Condominium - South Beach Bayside Condominium - South Beach Bayside Condominium - Portugal Tower Condominium - Portugal Tower Condominium - Portugal Tower Condominium - La Tour Condominium - La Tour Condominium - La Tour Condominium - Sunset Beach Condominiums - Sunset Beach Condominiums - Sunset Beach Condominiums - Tower 41 Condominium - Tower 41 Condominium - Tower 41 Condominium - Eden Roc Miami Beach - Eden Roc Miami Beach - Eden Roc Miami Beach - Mimosa Condominium - Mimosa Condominium - Mimosa Condominium - Carriage Club Condominium - Carriage Club Condominium - Carriage Club Condominium - Marlborough House - Marlborough House - Marlborough House - Grandview - Grandview - Grandview - Monte Carlo Miami Beach - Monte Carlo Miami Beach - Monte Carlo Miami Beach - Sherry Frontenac - Sherry Frontenac - Sherry Frontenac - Carillon - Carillon - Carillon - Ritz Carlton Bal Harbour - Ritz Carlton Bal Harbour - Ritz Carlton Bal Harbour - Harbor House - Harbor House
    [Show full text]
  • Brickell Flatiron Brochure ENGLISH.Pdf
    Patricio Javier Orloff, P.A. Cervera Real Estate Miami: 305.726.8155 Buenos Aires: 11.5129.6649 [email protected] www.flatironbrickellmiami.com ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. BRICKELL FLATIRON ENVISIONING A LANDMARK Refreshing the Miami Skyline Presenting a new paradigm in luxurious living. Downtown Miami’s hottest neighborhood celebrates a property that represents a true architectural icon. Brickell Flatiron is an urban oasis developed by Ugo Colombo's CMC Group and designed by Luis RevueltaRI Revuelta Architecture International: the tower of soaring glass is defined by its sweeping exposures, which punctuate its romantic renaissance- revival interiors. Artist's Rendering Artist's Rendering BRICKELL FLATIRON BRICKELL FLATIRON BRICKELL A Lively Composition of Commerce and Culture. As Miami’s Financial District, Brickell remains a sophisticated and culturally significant community packed with creative types and tastemakers of every stripe. BRICKELL FLATIRON LOCATION A Walk-around Neighborhood BRICKELL FLATIRON Located in the heart of Downtown Miami, Brickell Flatiron is ideally situated within walking distance of Mary Brickell Village and Brickell City Centre — offering residents unparalleled access to a wide array of fashionable conveniences — with picturesque sidewalk cafés, fine dining, shopping, markets, outdoor and cultural activities along the way. BRICKELL FLATIRON Artist's Rendering BRICKELL FLATIRON A More Playful Line Brickell Flatiron’s innovative architectural design introduces flowing curvilinear forms to accommodate spacious floor plans.
    [Show full text]
  • Curriculum Vitae
    Curriculum Vitae JEFF CHOOPANI AIA HIGHER EDUCATION Institutional: Florida International Bachelor of Architectural Technology 1988 (Civil Engineering Minor) West Stark Community College Ft Smith, Arkansas Associate in Arts 1979 Certifications: Post-Disaster Safety Assessment Evaluator Training 2009 Members: (AIA) American Institute of Architects (ASTM) American Society for Testing and Materials (BOMA) Building Owners and Managers Association EXPERIENCE QUALIFICATIONS. Knowledgeable and experienced within all aspects of Exterior Wall (Structural and Conventional Panel Systems, Stick Systems, Doors, Windows, Storefronts and Masonry Systems. With over 20 years of experience in providing Exterior Wall Testing Laboratory services inspections. I have 12 years of experience in waterproofing systems (above and below grade); concrete restoration and exterior field applied insulated finishes systems (convention or panel systems). PROFESSIONAL Miami Curtain Wall Consultants, Corp Current Principal, Senior Consultant, Founding Member Client Representative: Produce specifications for the exterior (i.e., Curtain walls, window walls, cladding, masonry, masonry/ stone composite walls) for project construction documents. Provide a full range of Quality Control Procedures on significant buildings. Organized and coordinated the quality control procedures utilized on building systems for manufacturing, delivery, final erection and testing. Witnessed construction of full scale project mock-ups and issued test reports. Provided remedial solutions to problems during testing that where later implemented in buildings already under construction. Reviewed architectural and shop drawings for inadequacies in the areas of water penetration, condensation, vapor penetration, anti-terrorism, and structural performance during design development and construction document phase of projects. Supervised inspections conducted daily in the field and shop. Observed and recorded day to day operations between architects, engineers and contractors.
    [Show full text]
  • Greater Downtown Miami Annual Residential Market Study Update
    Greater Downtown Miami Annual Residential Market Study Update Prepared for the Miami Downtown Development Authority (DDA) by Integra Realty Resources (IRR) February 2016 Greater Downtown Miami Annual Residential Market Study Update Prepared for the Miami Downtown Development Authority (DDA) by Integra Realty Resources (IRR) February 2016 For more information, please contact IRR-Miami/Palm Beach The Douglas Centre 2600 Douglas Road, Suite 801 Coral Gables, FL 33134 305-670-0001 [email protected] Contents 2 Key Q1 2016 Conclusions 5 Greater Downtown Miami Market Submarket Map 6 Greater Downtown Miami Condo Pipeline 7 Greater Downtown Miami Market Sizing 8 Greater Downtown Miami Market Condo Delivery and Absorption of Units 10 Current Selling Projects 11 Analysis of Resale 12 Current Resale vs. New Product Pricing $/SF 13 Presale Absorption 14 Currency Exchange and Purchasing Power 16 Submarket Analysis 21 Market Drivers 22 Major Market Comparison 23 Residential Rental Activity 26 Conventional Rental Market Supply 28 Land Prices Trends 30 Occupancy 31 Leverage Analysis 33 Conclusion 34 Condo Development Process Appendix Key Q1 2016 Conclusions Integra Realty Resources – Miami/Palm Beach (IRR-Miami) is pleased to present the following Residential Real Estate Market Study within the Miami Downtown Development Authority’s (Miami DDA) market area, defined as the Greater Downtown Miami market. This report updates IRR-Miami’s findings on the local residential real estate market through January 2016. Findings from this year’s annual study are outlined as follows: • New product preconstruction pricing responded to a slower 2015 selling season. Projects which were 80% or more sold-out by Q1-2015 raised prices on average 5%-15%, and projects which were less than 80% sold out dropped pricing or increased broker incentives, or both, to increase market Millicento share.
    [Show full text]
  • City of Miami Office of Zoning in Compliance with the Miami
    CITY OF MIAMI OFFICE OF ZONING IN COMPLIANCE WITH THE MIAMI NEIGHBORHOOD COMPREHENSIVE PLAN AND MIAMI 21, NOTICE OF APPLICATION AND FINAL DECISION FOR WAIVERS IS ISSUED FOR THE FOLLOWING ITEMS: THE FINAL DECISION OF THE ZONING ADMINISTRATOR MAY BE APPEALED TO THE PLANNING, ZONING AND APPEALS BOARD BY ANY AGGRIEVED PARTY, WITHIN FIFTEEN (15) DAYS OF THE DATE OF THE POSTING OF THE DECISION TO THIS WEBSITE BY FILING A WRITTEN APPEAL AND APPROPRIATE FEE WITH THE OFFICE OF HEARING BOARDS, LOCATED AT 444 SW 2ND AVENUE 3rd Floor, MIAMI, FL 33130. TEL. (305) 416-2030 Final Decision Waiver Transect Date of First App. Referral Final Decision Name Address NET Area Use Addt. Referral cannot be issued Status Number Zone Notice Received Date (Issuance) Date prior to: South/West 2013-0084 4215 Braganza 4215 Braganza Demolition 12/4/2013 11/8/2013 11/22/2013 FG 1/4/2014 1/4/2014 Approved with Conditions Coconut Grove NE Coconut single family 2013-0073 2250 Overbrook 2250 Overbrook 11/1/2013 9/11/2013 n/a MDL 12/1/2013 1/14/2014 Approved w/Conditions. Grove residential 2013-0069 Premier 850 S Miami Av Downtown Multifamily 10/8/2013 6/18/2013 10/1/2013 PS 11/8/2013 Approved w/Conditions. 1/17/2014 Presidente Supermarket No. 2014-2001 1/27/2014 1/23/2014 1/23/2014 FG 2/28/2014 In progress 34 North/East 2013-0088 Coconut Grove Duplex 2930 Catalina St Demolition 12/17/2013 11/14/2013 12/10/2013 PS 1/17/2014 1/23/2014 Approved w/Conditions.
    [Show full text]