Downtown Miami

Downtown Miami Langford Hotel Sold For $37M

Langford Hotel in Downtown Miami

The 12 story Langford Hotel located at 121 SE 1st Street in Downtown Miami has been sold for $37 million, according to The Real Deal.

The hotel, built in 1925 was sold by Stambul and purchased by Hotusa Hotels. Stambul purchased the building in 2013 for $2.7 million and spent two years renovating the structure.

Stambul purchased a building a 200 East Flagler for $19.75 million in July 2018 and purchased the old U.S. Post Office and Courthouse Building for $11 million in June 2014.

400 Biscayne Secures $161.5M Construction Loan

400 Biscayne Site

400 Biscayne Site

400 Biscayne has secured a $161.5 million construction loan for the 49 story tower in Downtown Miami, according to The Miami Herald.

Developed by Property Markets Group and Greybrook Realty Partners, 400 Biscayne had the groundbreaking in June.

400 Biscayne will have 646 rental apartments and 51,000 square feet of commercial space.

43 Story Luma Miami Worldcenter Going Vertical

Luma Miami Worldcenter

Luma Miami Worldcenter

At the end of last month, the 43 story Luma Miami Worldcenter had its foundation pour and is in the process of going vertical. Last month two cranes were installed on the site.

Luma Miami Worldcenter is the third tower in 27 acre Miami Worldcenter site to go vertical. Caoba Miami Worldcenter was completed early this year and Paramount Miami Worldcenter was recently completed.

With 434 apartment units, Luma Miami Worldcenter is being developed by ZOM Living and Moinian Group and designed by Stantec.

TBT - Miami Worldcenter To Break Ground This Quarter

Miami Worldcenter Site Towards Downtown

Miami Worldcenter Site Towards Downtown

TBT (August 10, 2015) - 4 years ago the Paramount Miami Worldcenter Site was getting prepared for foundation work. The 60 story building would start to go vertical November 2016 and eventually be completed in July 2019.

Miami Worldcenter in expected to break ground on the site this quarter, according to The Next Miami. 

After expecting to break ground at the end of 2014, Miami Worldcenter has been delayed, but demolition crews have already started tearing down some buildings to get the site ready. 

Construction is expected to take 36-38 months with the first phase to include The Mall at Miami Worldcenter, Paramount Condo Tower and a ZOM rental tower. 

TBT - A Closer Look At Sou Fujimoto's Palm Court In The Design District

Palm Court Under Construction In The Design District

Palm Court Under Construction In The Design District

TBT (August 19, 2014) - Palm Court was still under construction in the transforming Design District before eventually opening in December 2014. The Design District eventually expanded to include Paradise Plaza, which opened in May 2018.

Since we last looked at the Design District expansion, the area has progressed rapidly, especially Palm Court.

Part of the new development in the Design District is the addition of the Paseo Ponti walkway which will connect all the retail and restaurants between 38th St. to 42nd St. At the southern most tip of the Paseo Ponti walkway is the Palm Court. 

Palm Court will be a mixed used retail area that is highlighted by a two floor glass structure designed by Japanese architect Sou Fujimoto. The blue glass structure was inspired by waterfalls and Miami's rain. The glass fins will go from the rooftop all the way down to the courtyard floor and is visually stunning to look at. 

Along the the glass "waterfall," the centerpiece of Palm Court will be Buckminster Fuller's 24 foot "Fly's Eye Dome." The glass dome will sit atop a round opening that will lead people to the underground parking below all the retail shops.

On the second level of Palm Court will be a 5,000 square foot event space designed by Aranda/Lasch that will have folding hardwood doors to create an indoor/outdoor environment. 

Palm Court is expected to be completed by the end of 2014/early 2015.

176 Foot Ferris Wheel Approved For Miami's Bayfront Park

Bayside Ferris Wheel

A 176 foot ferris wheel has been approved by the Miami Planning and Zoning Board to be located Bayfront Park.

The ferris wheel would be near SkyRise Miami and feature LED lights on the outside of the wheel. It would also have 42 enclosed pods for a ride that would take 15 minutes.

A 650 foot ferris wheel that would cost $350 million was also proposed back in December 2014.

The plan is the have the ferris wheel operating before the Super Bowl February 2020.

Crane Installed At 43 Story Luma Miami Worldcenter

Luma Miami Worldcenter

Luma Miami Worldcenter

After starting construction in May, a crane has been installed at the 43 story tower site Luma Miami Worldcenter.

Luma Miami Worldcenter is being developed by ZOM Living and Moinian Group and designed by Stantec.

The rental building will have 434 units.

Luma is located next to Caoba, which was completed in January and across from the recently completed Paramount Miami Worldcenter.