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Macy's Redevelopment Site Investment Opportunity
Macy’s Redevelopment Site Investment Opportunity JOINT VENTURE OR 100% SALE FLAGLER STREET & MIAMI AVENUE, DOWNTOWN MIAMI CLAUDE PEPPER FEDERAL BUILDING TABLE OF CONTENTS EXECUTIVE SUMMARY 3 PROPERTY DESCRIPTION 13 CENTRAL BUSINESS DISTRICT OVERVIEW 24 MARKET OVERVIEW 42 ZONING AND DEVELOPMENT 57 DEVELOPMENT SCENARIO 64 FINANCIAL OVERVIEW 68 LEASE ABSTRACT 71 FOR MORE INFORMATION, CONTACT: PRIMARY CONTACT: ADDITIONAL CONTACT: JOHN F. BELL MARIANO PEREZ Managing Director Senior Associate [email protected] [email protected] Direct: 305.808.7820 Direct: 305.808.7314 Cell: 305.798.7438 Cell: 305.542.2700 100 SE 2ND STREET, SUITE 3100 MIAMI, FLORIDA 33131 305.961.2223 www.transwestern.com/miami NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITION, WITHOUT NOTICE, AND TO ANY LISTING CONDITIONS, IMPOSED BY THE OWNER. EXECUTIVE SUMMARY MACY’S SITE MIAMI, FLORIDA EXECUTIVE SUMMARY Downtown Miami CBD Redevelopment Opportunity - JV or 100% Sale Residential/Office/Hotel /Retail Development Allowed POTENTIAL FOR UNIT SALES IN EXCESS OF $985 MILLION The Macy’s Site represents 1.79 acres of prime development MACY’S PROJECT land situated on two parcels located at the Main and Main Price Unpriced center of Downtown Miami, the intersection of Flagler Street 22 E. Flagler St. 332,920 SF and Miami Avenue. Macy’s currently has a store on the site, Size encompassing 522,965 square feet of commercial space at 8 W. Flagler St. 189,945 SF 8 West Flagler Street (“West Building”) and 22 East Flagler Total Project 522,865 SF Street (“Store Building”) that are collectively referred to as the 22 E. -
Miami Office Space Can Be Found by Those Who Search February 7, 2017 By: Carla Vianna
Miami Office Space Can Be Found by Those Who Search February 7, 2017 By: Carla Vianna Businesses searching for space in Miami's urban core have more options than they might think. While vacancy rates are down across the board, significant chunks of space are available in several Class A buildings in downtown and the Brickell Avenue financial district. "There are more alternatives available for those companies that take the time to appropriately investigate the market," said Chris Lovell, a senior managing director with Savills Studley in Miami. Leasing space on an upper floor with a view may be difficult since only six buildings on Brickell have a full floor above the 20th story available for lease. For tenants that can live without the view, there is plenty of open space to choose from. Four downtown Class A buildings have at least 75,000 square feet of contiguous space available, one Class A building on Brickell has a 65,000- square-foot block — "and we don't have tenants of that size standing in line to the claim the space," Lovell said. Savills Studley has found many of the large available blocks are in older downtown buildings. "You're always going to have buildings that are going to have certain pockets available," said Tere Blanca, founder of Miami-based Blanca Commercial Real Estate Inc. She said the market is responding well to the new Miami Central project, which is under construction with 60 percent of its office component pre- leased. The mixed-use development will serve as Brightline's downtown train station and will add 286,000 square feet of office space in two buildings. -
501 First Miami
PRESENTS PIONEERS, TRENDSETTERS, CREATIVE MINDS, FREE THINKERS, INNOVATORS – THEY ALL HAVE ONE THING IN COMMON – THEY KNOW WHAT IT MEANS TO BE FIRST. WELCOME TO 501 FIRST. DISCOVER DOWNTOWN MIAMI MUSEUM PARK Breathtaking views of the Biscayne Bay and the glittering Miami skyline around, it is a gorgeous undulating green expanse of 30 acres. The park is home to the Phillip and Patricia Frost Museum of Science and its waterfront treasure - Perez Art Museum Miami. FTX ARENA (Home of the Miami Heat) The 20,000-seat FTX Arena, home to the NBA Miami Heat, is nestled on the majestic Biscayne Bay. Besides its sports accommodation, American Airlines Arena hosts worldclass concerts and shows, from Adele to Jennifer Lopez. ADRIENNE ARSHT CENTER The Adrienne Arsht Center, designed by world-renowned architect Cesar Pelli, is one of the most important performing arts venues, with two major single-purpose halls created to present the finest in classical and popular entertainment, from ‘Hamilton’ to ‘Don Quixote’. MIAMI WORLDCENTER Miami Worldcenter is stated to be a magnetic destination for tourists and business visitors in the heart of Downtown. This is the biggest mixed-use development in the U.S. after New York’s Hudson Yards. N N E E 1 2 n MIAMI s t d INTERNATIONAL WYNWOOD A A v 13 To the Beaches v e AIRPORT e NE 13th St 395 Omni MacArthur YOU’RE ONLY Park Causeway Gibson Park N W 1 1 s MINUTES AWAY t NW 4th Ave A 2 v e NE 11th St FROM EVERYWHERE NE 10th St B Museum YOU WANT TO BE. -
Front Desk Concierge Book Table of Contents
FRONT DESK CONCIERGE BOOK TABLE OF CONTENTS I II III HISTORY MUSEUMS DESTINATION 1.1 Miami Beach 2.1 Bass Museum of Art ENTERTAINMENT 1.2 Founding Fathers 2.2 The Wolfsonian 3.1 Miami Metro Zoo 1.3 The Leslie Hotels 2.3 World Erotic Art Museum (WEAM) 3.2 Miami Children’s Museum 1.4 The Nassau Suite Hotel 2.4 Pérez Art Museum Miami (PAMM) 3.3 Jungle Island 1.5 The Shepley Hotel 2.5 Miami Science Museum 3.4 Rapids Water Park 2.6 Vizcaya Museum & Gardens 3.5 Miami Sea Aquarium 2.7 Frost Art Museum 3.6 Lion Country Safari 2.8 Museum of Contemporary Art (MOCA) 3.7 Seminole Tribe of Florida 2.9 Lowe Art Museum 3.8 Monkey Jungle 2.10 Flagler Museum 3.9 Venetian Pool 3.10 Everglades Alligator Farm TABLE OF CONTENTS IV V VI VII VIII IX SHOPPING MALLS MOVIE THEATERS PERFORMING CASINO & GAMING SPORTS ACTIVITIES SPORTING EVENTS 4.1 The Shops at Fifth & Alton 5.1 Regal South Beach VENUES 7.1 Magic City Casino 8.1 Tennis 4.2 Lincoln Road Mall 5.2 Miami Beach Cinematheque (Indep.) 7.2 Seminole Hard Rock Casino 8.2 Lap/Swimming Pool 6.1 New World Symphony 9.1 Sunlife Stadium 5.3 O Cinema Miami Beach (Indep.) 7.3 Gulfstream Park Casino 8.3 Basketball 4.3 Bal Harbour Shops 9.2 American Airlines Arena 6.2 The Fillmore Miami Beach 7.4 Hialeah Park Race Track 8.4 Golf 9.3 Marlins Park 6.3 Adrienne Arscht Center 8.5 Biking 9.4 Ice Hockey 6.4 American Airlines Arena 8.6 Rowing 9.5 Crandon Park Tennis Center 6.5 Gusman Center 8.7 Sailing 6.6 Broward Center 8.8 Kayaking 6.7 Hard Rock Live 8.9 Paddleboarding 6.8 BB&T Center 8.10 Snorkeling 8.11 Scuba Diving 8.12 -
SEOPW Redevelopment Plan
NOVEMBER 2004 by Dover Kohl & Partners FINAL UPDATE MAY 2009 by the City of Miami Planning Department (Ver. 2.0) i Table of Contents for the Southeast Overtown/Park West Community Redevelopment Plan November 2004 Final Updated May 2009 Section ONE Introduction Page 2 • This Document 2 • Topics Frequently Asked from Neighborhood Stakeholders 2 • Historical Context Page 3 • 21st Century Context Page 5 • The Potential: A Livable City 5 • History of the CRA Page 6 • Revised Boundaries 6 • Revisions from the Original CRA Redevelopment Plan Page 7 • Findings of Necessity Page 9 • New Legal Description Section TWO Goals and Guiding Principles Page 11 • Redevelopment Goals #1 Preserving Historic Buildings & Community Heritage #2 Expanding the Tax Base using Smart Growth Principles #3 Housing: Infill, Diversity, & Retaining Affordability #4 Creating Jobs within the Community #5 Promotion & Marketing of the Community #6 Improving the Quality of Life for Residents Page 13 • Guiding Principles 1. The community as a whole has to be livable. Land uses and transportation systems must be coordinated with each other. 2. The neighborhood has to retain access to affordable housing even as the neighborhood becomes more desirable to households with greater means. 3. There must be variety in housing options. ii 4. There must be variety in job options. 5. Walking within the neighborhood must be accessible, safe, and pleasant. 6. Local cultural events, institutions, and businesses are to be promoted. Section TWO 7. The City and County must provide access to small parks and green spaces of an urban (continued) character. 8. Older buildings that embody the area’s cultural past should be restored. -
Section 2.1: Architectural Styles
SECTION 2.1: ARCHITECTURAL STYLES BRIEF HISTORY OF THE CITY OF MIAMI Before the first European settlers set foot in South Florida; the Tequesta people inhabited this land. The Tequesta’s alongside other natives reached the astonishing number of 100,000 in population. Together they developed a complex society of living in communities that were planned and executed by early construction projects. The Tequesta people left behind a heritage in archaeological resources including the Miami Circle, Miami River Rapids, and the North Bank of the Miami River which all add greatly to the remarkable cultural patrimony of Miami. The first permanent European settlers arrived to South Florida in the early 19th century. Two families with Bahamian roots, received land grants from the Spanish Government when they owned Florida. These settlers were joined by Bahamian immigrants looking for employment, the Seminole Indians, and runaway slaves. They ferociously disputed the non-native absorption of Seminole lands in three Seminole Wars (1817-1818, 1835-1842, and 1855-1858). Few United States soldiers stayed after the end of the third and last Seminole War. It wasn’t until 1846 when South Florida was first surveyed the area flourished once the United States implemented the “Homestead Act” in 1862 which granted 160 acres of land to men willing to live on the land for at least five years. Important early residents included William Brickell and Julia Tuttle who brought the early Spanish grants. Together they convinced Henry Flagler to expand his rail line south to Miami. With the railroad, progress came to Miami and the first building boom occurred in 1900s to 1930s. -
Welcome to Kaplan Medical
Welcome to Kaplan Medical 4425 Ponce De Leon, #1612 Coral Gables, FL 33146 Miami Kaplan Center 4425 Ponce De Leon Boulevard Suite 1612 Coral Gables, FL 33146 Hours of Operation Monday-Thursday 9am - 9pm Friday-Sunday 10am - 5pm (305) 441-5323, Ext. 5000 or 5002 2 Our Neighborhood Coral Gables: Coral Gables’ founders imagined both a “City Beautiful” and a “Garden City,” with lush green avenues winding through a residential city, punctuated by civic landmarks and embellished with detailed and playful architectural features. Known as The City Beautiful, Coral Gables stands out as a planned community that blends color, details, and the Mediterranean Revival architectural style. International: From its inception, Coral Gables was designed to be an international City, and is now home to more than 20 consulates and foreign government offices and more than 140 multinational corporations. As early as 1925, City Founder George Merrick predicted Coral Gables would serve as "a gateway to Latin America." To further establish international ties, the City has forged relationships with six Sister Cities: Aix-en Provence, France; Cartagena, Colombia; Granada, Spain; La Antigua, Guatemala; Province of Pisa, Italy; and Quito, Ecuador (emeritus). 3 Our Neighborhood University of Miami: The University of Miami is located in Coral Gables Shopping: Coral Gables attracts national and regional retailers along with an abundance of boutiques and retail shops. Miracle Mile is the center of a true downtown district. Located across the street from the Kaplan Medical Center in Coral Gables is “The Village of Merrick Park”, a 780,000 square foot retail, residential and office project anchored by Neiman Marcus and Nordstrom, and has more than 100 other select retailers including Tiffany & Co., Burberry, Coach and Gucci. -
National Register of Historic Places Registration Form
NFS Form 10-900 OMB No. 10024-0018 (Oct. 1990) United States Department of the Interior National Park Service National Register of Historic Places Registration Form This form is for use in nominating or requesting determinations for individual properties and districts. See instructions in How to Complete the National Register of Historic Places Registration Form (National Register Bulletin 16A). Complete each item by marking "x" in the appropriate box or by entering the information requested. If an item does not apply to the property being documented, enter "N/A" for "not applicable." For functions, architectural classification, materials, and areas of significance, enter only categories and subcategories from the instructions. Place additional entries and narrative items on continuation sheets (NFS Form 10-900a). Use a typewriter, word processor, or computer, to complete all items. 1. Name of Property historic name Polk Theatre and Office Building other names/site number Polk Theatre/8P0396 2. Location street & number 121 South Florida Avenue n ' an not for publication city or town __ Lakeland n / a D vicinity state Florida code FL county Polk code 105 zip code 338Q1 3. State/Federal Agency Certification As the designated authority under the National Historic Preservation Act, as amended, I hereby certify that this S nomination D request for determination of eligibility meets the documentation standards for registering properties in the National Register of Historic Places and meets the procedural and professional requirements set forth in 36 CFR Part 60. In my opinion, the property Q meets D does not meet the National Register criteria. I recommend that this property be considered significant upD .nationally S statewide D locally. -
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. -
Cmc Group Presents %5,&.(//)/$7,521 %5,&.(//)/$7,521
CMC GROUP PRESENTS %5,&.(//)/$7,521 %5,&.(//)/$7,521 BRICKELL FLATIRON %8,/',1*$/$1'0$5. %8,/',1*$/$1'0$5.%5,&.(//)/$7,521 BUILDING A LANDMARK %8,/',1*$/$1'0$5. /8,625(98(/7$ LUIS O. REVUELTA /8,625(98(/7$ /8,625(98(/7$ 3UHVHQWLQJDQHZ 3UHVHQWLQJDQHZPresenting a new 3UHVHQWLQJDQHZSDUDGLJPLQSDUDGLJPLQ OX[XULRXVOLYLQJparadigm in SDUDGLJPLQOX[XULRXVOLYLQJ 8*2&2/20%2 luxurious living. 8*2&2/20%2 Miami’s hottest neighborhood now has a property that represents UGO COLOMBO 0LDPL·VKRWWHVWQHLJKERUKRRGQRZKDVDSURSHUW\WKDWUHSUHVHQWVD OX[XULRXVOLYLQJ0LDPL·VKRWWHVWQHLJKERUKRRG a trueQRZ architecturalKDVDSURSHUW\WKDWUHSUHVHQWVD icon. Developed by visionary Ugo Colombo and WUXHDUFKLWHFWXUDOLFRQ'HYHORSHGE\YLVLRQDU\8JR&RORPERDQWUXHDUFKLWHFWXUDOLFRQ'HYHORSHGE\YLVLRQDU\8JR&RORPERDQmasterfully designed by Luis Revuelta, this tower ofG soaring glass withG 8*2&2/20%2 PDVWHUIXOO\GHVLJQHGE\/XLV5HYXHOWDWKLVWRZHURIVRDULQJJODVVZLWK PDVWHUIXOO\GHVLJQHGE\/XLV5HYXHOWDWKLVWRZHURIVRDULQJJOsweeping exposures is contrasted by the romanceDVVZLWK of renaissance-revival VZHHSLQJH[SRVXUHVLVFRQWUDVWHGE\WKHURPDQFHRIUHQDLVVDQFHinteriors with a modern edge. UHYLYDO VZHHSLQJH[SRVXUHVLVFRQWUDVWHGE\WKHURPDQFHRIUHQDLVVDQFHLQWHULRUVZLWKDPRGHUQHGJH UHYLYDO 0LDPL·VKRWWHVWQHLJKERUKRRGLQWHULRUVZLWKDPRGHUQHGJHQRZKDVDSURSHUW\WKDWUHSUHVHQWVD WUXHDUFKLWHFWXUDOLFRQ'HYHORSHGE\YLVLRQDU\8JR&RORPERDQG PDVWHUIXOO\GHVLJQHGE\/XLV5HYXHOWDWKLVWRZHURIVRDULQJJODVVZLWK VZHHSLQJH[SRVXUHVLVFRQWUDVWHGE\WKHURPDQFHRIUHQDLVVDQFHUHYLYDO LQWHULRUVZLWKDPRGHUQHGJH 7+(%5,&.(//)/$7,521%8,/',1* THE BRICKELL FLATIRON -
2020: the New Miami
MIAMI REPORT AN IN-DEPTH ANALYSIS OF SOUTH FLORIDA’S NEW CONDOMINIUM MARKET 2020 NEWTHE MIAMI “MIAMI IS ENTERING A NEW GOLDEN AGE OF GROWTH.” - ISG PRINCIPALS PHOTOGRAPH BY GLEASON WAITE ROMER MIAMI, FL | CIRCA 1950 WEALTH REPORT THE CITIES THAT MATTER TO HNWI’S - GLOBAL SURVEY MOST IMPORTANT NOW AS SEEN IN London 1New York 2 THE WEALTH REPORT REPORT THE WEALTH 3 Singapore Hong Kong A GLOBAL PERSPECTIVE ON PRIME PROPERTY AND WEALTH AND WEALTH ON PRIME PROPERTY PERSPECTIVE A GLOBAL 4 Geneva 5 Shanghai6 7 Dubai Miami THE GLoBAL PERSPECTIVE oN PRIME PRoPERTy AND WEALTH 8 Paris WWW.THEWEALTHREPORT.NET 9 Beijing10 HNWI – High Net Worth Individuals US $30 MIL + NEW CONSTRUCTION PIPELINE AS OF FEBRUARY 2014 BRICKELL TOTAL NEW CONSTRUCTION CONDO UNITS AVAILABLE FOR SALE SINCE JAN. 2012 DeveloperDEVELOPER Units UNITSSold SOLD DEVELOPER UNITSDeveloper UNSOLD Units Unsold 1010 Brickell 50% SOLD 900 BRICKELL 352 UNITS Bond 60% SOLD BRICKELL 323 UNITS Brickell CityCentre I & II 820 UNITS BRICKELL (release date TBD) 50% SOLD *Brickell Heights 358 UNITS BRICKELL Brickell House 100% SOLD 374 UNITS BRICKELL Echo Brickell 70% SOLD 180 UNITS BRICKELL 128 UNITS Le Parc 62% SOLD BRICKELL 390 UNITS Nine at Mary Brickell 55% SOLD BRICKELL 382 UNITS Millecento 100% SOLD BRICKELL 192 UNITS 100% SOLD MyBrickell BRICKELL 450 UNITS SLS Brickell 100% SOLD BRICKELL *Tower 1 only (other tower currently unavailable) 3,949 UNITS TOTAL • 2,367 UNITS SOLD • 1,581 UNSOLD AVG ABSORPTION : 1,900 UNITS ANNUALLY OVER THE LAST 10 YEARS BISCAYNE CORRIDOR DOWNTOWN MIAMI, EDGEWATER, MIDTOWN & DESIGN DISTRICT TOTAL NEW CONSTRUCTION CONDO UNITS AVAILABLE FOR SALE SINCE JAN. -
Annual Report
July 1, 2007–June 30, 2008 AnnuAl RepoRt 1 Contents 3 Board of Trustees 4 Trustee Committees 7 Message from the Director 12 Message from the Co-Chairmen 14 Message from the President 16 Renovation and Expansion 24 Collections 55 Exhibitions 60 Performing Arts, Music, and Film 65 Community Support 116 Education and Public Programs Cover: Banners get right to the point. After more than 131 Staff List three years, visitors can 137 Financial Report once again enjoy part of the permanent collection. 138 Treasurer Right: Tibetan Man’s Robe, Chuba; 17th century; China, Qing dynasty; satin weave T with supplementary weft Prober patterning; silk, gilt-metal . J en thread, and peacock- V E feathered thread; 184 x : ST O T 129 cm; Norman O. Stone O PH and Ella A. Stone Memorial er V O Fund 2007.216. C 2 Board of Trustees Officers Standing Trustees Stephen E. Myers Trustees Emeriti Honorary Trustees Alfred M. Rankin Jr. Virginia N. Barbato Frederick R. Nance Peter B. Lewis Joyce G. Ames President James T. Bartlett Anne Hollis Perkins William R. Robertson Mrs. Noah L. Butkin+ James T. Bartlett James S. Berkman Alfred M. Rankin Jr. Elliott L. Schlang Mrs. Ellen Wade Chinn+ Chair Charles P. Bolton James A. Ratner Michael Sherwin Helen Collis Michael J. Horvitz Chair Sarah S. Cutler Donna S. Reid Eugene Stevens Mrs. John Flower Richard Fearon Dr. Eugene T. W. Sanders Mrs. Robert I. Gale Jr. Sarah S. Cutler Life Trustees Vice President Helen Forbes-Fields David M. Schneider Robert D. Gries Elisabeth H. Alexander Ellen Stirn Mavec Robert W.