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Demolition
Epic Sales Center
After purchasing the Epic East site in July 2014 for $125 million, demolition has begun on the former Epic Sales Center.
The 1.25 acre site was purchased by Riverwalk East Development, led by Alfredo Coto.
The Next Miami reports plans will be submitted soon for a new condo tower.
Yesterday, we took a look at the inside of Pablo Escobar's Miami Beach mansion at 5860 North Bay Road before it was destroyed. Demolition began on the house where the fountain, garage, laundry room, office and part of an upstairs bedroom were taken down with bulldozers. There was many media and news crews filming the event. There was even a film crew recording a documentary on the house.
Read MoreA pink black tiled house located at 5860 North Bay Road on Miami Beach is set to be demolished on January 19, 2016. The house was once owned by notorious drug kingpin Pablo Escobar who purchased the house on March 21, 1980 for $765,500.
The 7,336 square foot house was built in 1948 and has 4 bedrooms and 6 bathrooms on a lot size of 33,041 square feet. A 2,061 square foot addition was added to the house in 1992.
Read MoreOn Saturday morning at exactly 9:00am, Electra on the Bay in Edgewater came down very quickly in an implosion. The implosion created a loud noise and the building was completely down in about 3 seconds. Dust and smoke filled the sky. All that remained was the pool deck, which can be taken down with bulldozers.
Read MoreElectra on the Bay in Edgewater
On October 24 at 7:30am demolition will begin to demolish the 12 story Electra on the Bay in Edgewater.
Demolition on the other homes and buildings on the block began in September and Electra on the Bay is the last building to be destroyed before construction on a new tower can start.
The land is owned by 700 Edgewater Development who is connected to Russian Oleg Baybakov. They have plans to build a 649 foot tower on the lot.
Demolition is happening in emerging Edgewater district of Miami on the block of NE 26th Street and NE 5th Avenue next to the water. The land is owned by Russian developer Oleg Baybakov who purchased a 58 unit apartment unit for $21.5 million last year. The 12 story apartment is located at 700 NE 26th Street and is in the process of being torn down as seen in the photo below. Baybakov has spent almost $39 million assembling property in this area.
Read MoreA building at 330 Biscayne Boulevard is in the process of being demolished, which The Next Miami was able to get photos of.
The site was purchased by PMG for $80 million and they have plans to announced plans for a condo in early 2016.
Next to the building is a Holiday Inn, which the World Trade Center for Americas was proposed.
