David Martin -Terra president -offered paying $50 million for the air rights to redevelop the property at 300-344 Alton Road, a price that would be subject to two independent appraisals commissioned by the city. The existing building, which houses the restaurant Monty’s Sunset, would be demolished.
n its place, Martin would construct a building of up to 225 feet in height with 60 residential units, plus 45,000 square feet of commercial space, including retail and office. The site would also feature parking and two acres of open green space. The developer would also contribute $35 million to improvements to the marina facility that address resiliency and sea level rise . The city entered into a lease in 1983 to operate and maintain the Miami Beach Marina and property until 2022. Now, Martin is proposing a 99-year lease with a minimum annual rent of $1 million, to be adjusted for inflation, plus an increase in the share of per-gallon gasoline and diesel fuel that is sold.
The developer is hoping to make it on the Nov. 23 ballot. To do that, the questions would have to be submitted to Miami-Dade County’s Supervisor of Elections by July 31.
Somethings tells me it will get approved!
78 Southwest Seventh Street and 98 Southeast Seventh Street , Miami The combined $163 million purchase breaks down to $80.3 million for Two Brickell City Centre and $82.7 million for Three Brickell City Centre. Each building has about 130,000 square feet, which means they sold for roughly $630 per square foot.Read more
The combined $163 million purchase breaks down to $80.3 million for Two Brickell City Centre and $82.7 million for Three Brickell City Centre. Each building has about 130,000 square feet, which means they sold for roughly $630 per square foot. The buildings are nearly 100 percent occupied and that Swire plans to use the cash for future developments.Read more
It’s a collaborative approach too; developers Terra and Bizzi & Partners Development and their creative team sharing a passion for the city and a belief in the transformative power of good design. For Renzo Piano, Pritzker Prize-winning architect who lives and breathes his art, there’s a serenity to be found in the tension between sky and earth. A serenity that Eighty Seven Park captures so eloquently.Read more
Most recent home to O Cinema -from 2014, this iconic building might make way to a new development.Seven-story building with 114 micro-size residential units is the offer on the table to replace current legendary theater. The public-private partnership proposal comes from Menin Hospitality and KGTC, which is led by Matis Cohen, Marisa Galbut, Jared Galbut and Keith Menin is on the table at this time...Read more