Downtown Miami Holiday Inn Purchased For $65M

November 23, 2015 in Arquitectonica, Downtown Miami, Real Estate, World Trade Center

The Holiday Inn located at 340 Biscayne Boulevard in Downtown Miami has sold for $65 million, according to The Miami Herald.

The buyer is Brazilian developer Gilberto Bomeny, who plans on building a 77 story building at a height of 953 feet. The building will include 400 residential units, 240 hotel rooms, 270,000 square feet of retail and 246,000 square feet of office space.

The World Trade Center of the Americas was first proposed earlier this year with Arquitectonica as the architect.

Dade-Commonwealth Building In Downtown Miami Sold For $9.2M

November 23, 2015 in Downtown Miami, Miami, Real Estate

The 90 year old Miami-Dade Commonwealth Building located at 139 NE 1st Street in Downtown Miami has been sold for $9.2 million, according to SFBJ.

The 43,265 square foot building was purchased by Immocorp Capital and Wynwood Fund from Titan Development Partners. An original 32 ton stainless steel vault still remains in the building.

The new buyers plan on restoring the property.

Monarc At Met 3 Construction Photos

November 09, 2015 in Condo, Construction, Downtown Miami, Miami, Monarc at Met 3, Suffolk Construction, ZOM Living

When we last looked at Monarc at Met 3 the building had just topped out at 32 stories. The crane has been removed and painting of the exterior nearly complete.

Previous construction photos can be seen here.

Centro Construction Update With Photos

October 28, 2015 in Centro, Condo, Construction, Downtown Miami, Golden Dusk Photography, Miami, Newgard, Plaza Construction, Sieger Suarez Architects

Centro Miami has topped out since we last looked at the condo tower in June. The exterior of the building has started to get painted white and windows are being installed.

City Of Miami Wants To Sell Miami Riverside Center

August 18, 2015 in Downtown Miami, Golden Dusk Photography, Miami, Miami Riverside Center, Real Estate

The City of Miami is working with CBRE to sell its administrative headquarters located next to the Miami River and I-95, according to the Miami Herald. The building sits on 2 acres of land and is over 320,000 square feet which has potential for a "megaproject scale" as Curbed Miami describes.

Earlier this year, a 2.24 acre lot just North of the Miami Riverside Center site sold for $21 million by FP&L to Miami Bridge Lot Ventures. On the other side of the river is the Miami River project by Chetrit Group, which will be a megaproject with hotels, offices, retail and residential units that recently started demolition on the site.

Any deal on the Miami Riverside Center for a land swap to build a new administrative center would require voter referendum.

A Look At the Met Square Site

August 14, 2015 in Miami, MDM Group, Golden Dusk Photography, Downtown Miami, Condo, Construction, Met Square, ZOM Living, Muze at Met Square

In Downtown Miami, the Met Square site has finally started construction after battling archaeologists over the discovery of an ancient Tequesta village.

The building, which will have a movie theatre and restaurant is being developed by MDM Development Group while the 42 story 391 residential units named Avant, is being developed by ZOM. ZOM is also developing Monarc at Met 3 across the street.

Renderings and plans for the archaeological site can be seen here at Curbed Miami.

Boulevard Shops To Undergo Renovation

August 13, 2015 in Arts & Entertainment, Downtown Miami, Genting Group, Miami, Resorts World Miami

The Boulevard Shops at 1401 Biscayne Boulevard is about the begin a renovation, according to The Next Miami.

The 20,000 square foot building is owned by Genting and is part of Resorts World Miami. The renovation will cost $2.5 million and BDI Construction is the contractor.

Genting recently completed the demolition of The Miami Herald building just East of the building.