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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. -
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. -
Met 1 Miami Brochure
m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t r o p o l i t a nm e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t r o p o l i t a n m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t r o p o l i t a nm e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t r o p o l i t a n m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t r o p o l i t a nm e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t ropolitan miami m e t r o p o l i t a n heads up, downtown! the renaissance of miami’s oldest neighborhood is on the move. -
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. -
Community Relations Plan
Miami International Airport Community Relations Plan Preface .............................................................................................................. 1 Overview of the CRP ......................................................................................... 2 NCP Background ............................................................................................... 3 National Contingency Plan .............................................................................................................. 3 Government Oversight.................................................................................................................... 4 Site Description and History ............................................................................. 5 Site Description .............................................................................................................................. 5 Site History .................................................................................................................................... 5 Goals of the CRP ............................................................................................... 8 Community Relations Activities........................................................................ 9 Appendix A – Site Map .................................................................................... 10 Appendix B – Contact List............................................................................... 11 Federal Officials .......................................................................................................................... -
Miami DDA Area Offices
NE 28th St NE 27th Te NW 28th St NE 27th St NW 27th St NE 26th Te No. Class Name Address Year RBA 1 A 10 Museum Park 1040 Biscayne Blvd 2007 24,000 \ NW 26th St NE 26th St 2 A 900 Biscayne Bay 900 Biscayne Blvd 2008 95,000 3 A Marina Blue 888 Biscayne Blvd 2008 750,000 4 B NAP of the Americas 50 NE 9th ST 2001 750,000 NW 25th St NE 25th St 5 A 2 MiamiCentral 601 NW 1st Ave 2018 190,000 NE 24th St 6 A 3 MiamiCentral 161 NW 6th ST 2018 95,000 NW 24th St NW 24th St NE 24th St 7 B The Citadel 49 NW 5th ST 1950 50,000 8 B Courthouse Center 40 NW 3rd ST 2009 40,300 NW 23rd St NW 23rd St 9 B 36 NE 2nd ST 36 NE 2nd ST 1925 205,172 10 B Chase Bank Building 150 SE 2nd Ave 1966 125,388 NE 23rd St NE 22nd Te 11 B Bayside Office Center 141 NE 3rd Ave 1923 57,093 12 B 261 Office Lofts 261 NE 1st ST 1982 34,741 NE 22nd St 13 B New World Tower 100 N Biscayne Blvd 1966 285,000 NW 22nd St Ave 2nd NE 14 C Capital Building 117 NE 1st Ave 1926 85,000 15 C Congress Building 111 NE 2nd Ave 1922 242,294 NE 21st St Dade Commonwealth 16 B Building 139 NE 1st ST 1927 43,265 17 B One Bayfront Plaza 100 S Biscayne Blvd 1959 312,896 BISCAYNE BOULEVARD BISCAYNE Flagler Federal NE 20th St 18 B Building 101-111 NE 1st ST 1961 64,470 N MIAMI AVE MIAMI N NW Miami Ct Miami NW NW 1st Ave 1st NW NW 2nd Ave 2nd NW NE 19th Te NW 1st Ct 1st NW NW 20th St Pl 1st NW 19 B Historic Post Office 100 NE 1st Ave 1912 37,600 20 B Metromall Building 1 Ne 1st ST 1926 156,000 NE 19th St 21 C 219-223 E Flagler ST 219-223 E Flagler ST 1984 42,000 22 B A.I. -
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 -
Brickell Flatiron Neighborhood Guide Red
BRICKELL NEIGHBORHOOD GUIDE A N I N S I D E R S G U I D E TO THE BEST OF BRICKELL, DOWNTOWN MIAMI'S MOST VIBRANT NEIGHBORHOOD T.305-400-7400 www.brickellflatiron.com 1001 SOUTH MIAMI AVENUE, MIAMI, FLORIDA 33130 Content 01-07 Dining & Cocktails 08-10 Services 11-12 Retail 13-15 Health & Beauty 16-17 Parks & Culture 18-19 Hotels 2 0 - 2 1 Neighborhood Map BRICKELL FLATIRON NEIGHBORHOOD GUIDE DINING & COCKTAILS D I N I N G & C O C K TA I L S TOASTED TAMARINA With fresh bagels made right in front of you, Toasted delivers A restaurant specializing in coastal Italian cuisine, an excellent breakfast every day of the week. featuring a Crudo Bar & an al fresco Champagne Bar. 83 SW 8TH STREET, 600 BRICKELL AVENUE, MIAMI, FL 33130 MIAMI, FL 33131 (305) 400-6996 (305) 770-6223 C O Y A MARION Enjoy true Peruvian food with a contemporary twist while Marion offers traditional Mediterranean fare and products sipping on pisco cocktails or a selection from Coya's of the highest quality paired with superb service. comprehensive rum & tequila bar. 1111 SW 1ST AVENUE, 999 BRICKELL AVENUE, MIAMI, FL 33130 MIAMI, FL 33131 (786) 717-7512 (305) 415-9990 1 D I N I N G & C O C K TA I L S A R E A 3 1 E L T U C A N Area 31 in the buzzing Epic Hotel + Residences has a El Tucan is a modern-day "dinner and a show" cabaret nice Brickell view, plus they’ve just revamped their whole featuring luxe libations as well as Caribbean and South outdoor dining space. -
Javier Betancourt's 2015 Transportation Summit Presentation
Transportation Summit January 22, 2015 MIAMI DDA ⁻ Established in 1965 ⁻ Independent agency of the City ⁻ Overseen by a 15 member board ⁻ Funded by a property surtax (0.047%) ⁻ 2 square miles DISTRICTS: - Arts and Entertainment District - Central Business District - Brickell FOCUS: ⁻ Urban Design & Transportation ⁻ Business Development & Research ⁻ Marketing & Communications ⁻ Enhanced Services ⁻ Advocacy TRANSIT ORIENTED DEVELOPMENT (TODs) What is a TOD? “A project or projects… that is or will be served by existing or planned transit service. These designated areas shall be compact, moderate to high density developments, of mixed-use character, interconnected with other land uses, bicycle and pedestrian friendly, and designed to support frequent transit service operating through, collectively or separately, rail, fixed guideway, streetcar, or bus systems on dedicated facilities or available roadway connections.“ -FL Dept. of Economic Opportunity TOD Guidebook TRANSIT ORIENTED DEVELOPMENT (TODs) Why TOD? Promotes economic development Helps reduce rate of land depletion Reverses sprawling development patterns Reduces auto dependency Provides real choices for people who enjoy urban living Promotes sustainability; saves energy Provides time to be productive or to relax Promotes infrastructure efficiencies TRANSIT ORIENTED DEVELOPMENT (TODs) Miami 21 TOD Incentives 30% parking reduction within ½ mile of TOD, or within ¼ mile of a transit corridor (50% for affordable housing) DOWNTOWN MIAMI - employs 60% of the City’s workforce - $13.4 Billion taxable property value (up 152% since 2000) - generates 40% of Miami’s total tax base - greater economic output than PortMiami, MIA or Disney World - Miami’s economic, civic, and cultural center, and the epicenter of an emerging global city TRANSIT NETWORK METRORAIL • Brickell Station • Govt. -
1401 Brickell Ave. | Miami
1401 Brickell Ave. | Miami Partnership. Performance. ONE OF A KIND REDEVELOPMENT OPPORTUNITY ON BRICKELL AVENUE Avison Young is pleased to exclusively offer for sale 1401 Brickell Avenue, a 188,138 SF office building situated on 2.02 acres of land (also stated elsewhere as 87,958 sf) in Miami’s most prestigious financial district. This class B building in a class A infill development location provides strong in place cash flow for a developer, with great density according to Miami 21 zoning. 1401 Brickell is located on the east side of the street between two of the best-known buildings of the corridor, Four Seasons and Brickell Arch (aka, Espirito Santo Plaza), which positions it well within this Live, Work and Play neighborhood. This area continues to grow and has become the dense, high-rise core of Miami’s banking, investment, and financial sectors, and is filled with luxury condominium and apartment towers, upscale restaurants and entertainment venues. 1401 Brickell has excellent ingress and egress from the north, south and west and is within easy access to I-95, US 1, downtown Miami, and all public transportation. The current zoning at the property is T6-48A-O which allows for much more than the current 188,138 SF of office use, with over 1,000 residential units, up to 80 stories and a total of 1.45 million square feet of development possible. T6-48A-O zoning gives a developer the opportunity to utilize residential, office, hotel and retail uses to a create the project they envision. The property is being marketed with no asking price. -
Building up Brickell the Latest Wave of Development in Downtown’S Financial District — and the Challenges Ahead by Erik Bojnansky
March 13, 2017 Circulation: 35,000 Building up Brickell The latest wave of development in Downtown’s financial district — and the challenges ahead By Erik Bojnansky Back in the 1870s, Brickell was hardly more than a trading post run by the Brickell family. Today, it’s one of Miami-Dade County’s most intensely developed neighborhoods, boasting some of the tallest buildings in Florida. More than 10,000 apartments and condos were built, under construction, or proposed in the 1.2-square-mile Brickell neighborhood in 2016 alone, according to the latest figures from the Miami Downtown Development Authority. In addition to new residences, plenty of new hotels, offices and retail projects have been built or are now underway. While concerns about additional traffic persist, builders and city officials are hoping that more people will take advantage of Metrorail, a light-rail system that provides free alternative transportation from South Brickell to the Omni neighborhood. A tall order The structures that are being built, or are proposed, are of sizable stature. The 789-foot-tall Four Seasons, constructed in 2006 at 1435 Brickell Avenue, is now the tallest building in Florida, though it will soon be usurped by Tibor Hollo’s 830-foot building Panorama, which will in turn be overtaken by another of Hollo’s Florida East Coast Realty buildings, a pair of 1,049-foot-tall towers called — what else? — The Towers. Page 2 Meanwhile, developer Simon Karam recently submitted plans to build a 960-foot-tall building in the area. And Swire Properties, the Hong Kong-based developer of Brickell City Centre, still intends to build a 1,049-foot tall mixed-use tower near its 4.9-million-square-foot complex.