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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. -
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. -
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 . -
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. -
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. -
1450 BRICKELL FACTS Large Missile
At the entrance MIAMI · FLORIDA to the Brickell Setting the5415, 5455Highest Standard in Class A Office Buildings Financial District, 1450 Brickell offers Class A corporate headquarters prominence with panoramic water views, commuter convenience and unparalleled infrastructure for business continuity. 1450BRICKELL.COM 5415, 5455 SETTING THE HIGHEST STANDARD 1450 Brickell is a 35-story, 626,750 RSF Class A Office High Rise Tower at the entrance to Brickell Avenue 1450BRICKELL.COM 5415, 5455 CONVENIENT ACCESS AWAY FROM NEAR TOP HOTELS, RESTAURANTS, TRAFFIC CONGESTION OF DRAWBRIDGES RESIDENTIAL, AND RETAIL Brickell Ave. 18 th SW 7 St. Exit 1-B Brickell Key SW 8th St. S. Miami Ave. B I 15 17 Brickell Key SW 7th Ave. Metromover SW 2nd Ave. S. Miami Ave. 16 H SW 11th St. SW 1th Ave. Brickell City Center SW 8th St. 13 Brickell Ave. SW 9th Ave. 12 11 15th Rd. Metromover Shops At Mary Brickell Village 14 C SW 10th St. F G Coral Way 10 Simpson th SW 26 Rd. Park 9 SW 12th St. D S. Miami Ave. 8 S. Miami Ave. SW 15th Rd. 7 S. Miami Ave. th 5415, 5455 SW 12 Ave. 6 C 5 Exit 1-A A 4 Brickell Ave. 3 I Simpson 2 Park Coral Way 1 U.S. 1 Brickell Hammock S. Miami Ave. E Alice C. Wainwright 5415, 5455 5415, 5455 LESS DRIVE TIME... MORE BUSINESS 1. Echo Brickell Residences 9. JW Marriot A. From Brickell Avenue F. From S.W. 15th Road 2. PM Fish & Steak House 10. Nusr-Et Steakhouse going North G. -
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. -
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. -
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.