FA Commercial Advisors, the Commercial Division at Fortune International Realty is pleased to announce that we have been appointed exclusive advisor for the marketing and sale of Brickell Heights Ground Retail. High-class retail space next to SOULCYCLE studio & the biggest EQUINOX in Florida. Brickell Heights the highly-anticipated condo project being built on the edge of Brickell City Centre is now 100% SOLD OUT! Brickell Heights residents will enjoy exclusive amenities in the 35,000-square foot, 3 story Equinox fitness center, SoulCycle, urban garden, two entertainment rooms for private events, screening room, business center, kid' s club, and much more. Floor-to-ceiling windows provide stunning views of Biscayne Bay and the city.
Space Available 8,015 SFRental Rate Yr $90 /SF/YrSpaces 1Building Size 710,000 SFProperty Sub-type Retail (Other)Status Active
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The largest single change year-over-year in terms of market drivers has been the opening of the Brickell City Centre mall, a 500,000 SF + high-end retail destination anchored by a Cinemex movie theater and a Saks Fifth Avenue department store. The center, which opened for previews in November 2016, is the largest single shopping location in greater downtown and represents its first regional mall.
Lot Size: 30,000 SF / 0.69 AcresBuilding Size: 11,815 SFZoning: T6-24-OHeight Restriction: 24 StoriesYear Built (Existing): 1968, 1977 & 2010HVAC: Wall A/CConstruction: CBSRoof: Flat/ Built Up TarFolio: 01-0207-000-1050; 1060; 1070; 1080
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Stephen Owens, who led Swire Properties’ development of Brickell Key and Brickell City Centre, will retire as president in 2017.Owens, who has been with the U.S real estate arm of Hong Kong-based Swire Pacific for 40 years, will stay on until the first phase of Brickell City Centre is completed in January 2017. Then he will become a senior advisor and Kieran Bowers will become president of Swire Properties."For the past 40 years, Stephen has provided invaluable leadership and has been instrumental to the company’s investment and growth in the U.S.," said Guy Bradley, chief executive of Swire Properties. "We thank Stephen for his contribution to the group and to Swire Properties. His key role in the development of Brickell Key and now Brickell City Centre, our new mixed-used project in Miami, is testament to his expertise and skill as the leader of our U.S. operations.”Swire Properties launched in Miami in 1979 and made the offices, hotels and residences on Brickell Key its signature project. Now it’s topped that in size with the $1.05 billion, 5.4 million-square-foot Brickell City Centre, which includes condos, a hotel, retail, offices and entertainment in a project that should reshape the fabric of the neighborhood.Having joined Swire Properties in 1976 and becoming president in 1985, Owens was there for all of it.“We have been operating in Miami for over 30 years, and we remain committed to our long-term development in the city,” Bradley said. "We are very excited about embarking on a new chapter with the imminent opening of Brickell City Centre, and are delighted that we can continue to benefit from Stephen‘s wealth of knowledge and experience as he continues to serve the company in an advisory capacity. “Bowers has been with Swire Pacific since 1998 and is currently the general manager of Cityplaza in Hong Kong, a 3.27 million-square-foot project with a mall, office towers and a hotel.
Bowers will take over as the company's responsibility shifts to overseeing the mall at Brickell City Centre. The project still has rights for more development, including One Brickell City Centre, an 80-story tower.
Apple will launch its largest store in Florida at the upcoming Brickell City Centre, sources told The Real Deal.
The Apple store will be among about 70 stores and restaurants at the open-air shopping center set to open this fall, including luxury boutiques Valentino and Chopard.
Swire Properties, Whitman Family Development and Simon Property Group are co-developing the 500,000-square-foot center that will feature a “climate ribbon.” The 1,000-foot-long twisted strip of steel and glass is meant to block rain and focus breezes through the retail areas, replacing air conditioning.
An Apple spokesperson said the company “hasn’t made any announcements about a store at that location,” and a Swire spokesperson declined to comment regarding Apple.
Apple already operates several stores in South Florida, including on Lincoln Road in Miami Beach, at Aventura Mall, Dadeland Mall and the Falls.
At Brickell City Centre, other tenants announced in January include:Apparel: Armani Collezioni, BDBA, Crocus, Intermix, Koko & Palenki, LIVE!, Orlebar Brown, Rhythm of Grace, REISS, SportsAction, Sundek, 120% Lino, In-Sight
Fashion and personal accessories: Addict, Audemars Piguet, Caudalie, Designer Eyes, Font, Italia Independent, Kendra Scott, Kreations, Leetal Kalmanson, Nars, Pandora, Richard Mille, Westime
Dining: American Harvest, Big Easy Winebar & Grill, Calissons du Roy René, DAVIDsTEA, Dr Smood, Häagen-Dazs, Luke’s Lobster, Santa Fe, Taco Chic
Arts and services: AT&T, Bojanini Art Gallery, Brickell Nail Bar, Musart, Sean Donaldson HairIn November, the developers announced they had signed Acqua di Parma, IRO, Stuart Weitzman, Coach and Porsche Design, as well as Michele Lopriore, Mirto, Adolfo Dominguez, Capritouch, Santa Maria Novella, Diptyque and Nest Casa.
Those tenants will join eateries at Brickell City Centre such as Pubbelly Sushi, Pasión del Cielo, Quinto La Huella and Sugar; and retailers that include Giuseppe Zanotti Design, La Perla, Bally; European brands Ted Baker, Agent Provocateur, 100 % Capri, Addict, Vilebrequin, APM Monaco, Cole Haan, lululemon, Illesteva, Harmont & Blaine and OndadeMar; as well as designer boutiques Valentino and Chopard.
Luxury stores will be located on the first floor, with premium and contemporary retailers on the second and third floors. The shopping component, anchored by a three-floor Saks Fifth Avenue, will include street-level access to an underground two-story garage.
When completed this year, Brickell City Centre will have two condominium towers, two Class A office buildings, and its EAST, Miami Hotel. The development is valued at $1.05 billion.
Moishe Mana hopes to lure a slew of innovative companies and trade groups to his 30-acre campus in the Wynwood neighborhood with a major rezoning proposal he filed with the city of Miami.
Only months after a new zoning code was approved for Wynwood, the New York-based developer is asking for a “special area plan” for his property that would increase its possible density further. Buildings could rise up to 24 stories along Interstate 95 and the total square footage, including parking decks, would be around 9 million square feet, said Bernard Zyscovich, whose Zyscovich Architects is the master planner for the project.
For comparison, the first phase of the Brickell City Centre project now under construction totals 5.4 million square feet, but on a much tighter site of seven acres.
Mana Wynwood runs from Northwest 22nd Street to Northwest 24th Street between Interstate 95 and Northwest 2nd Ave. This former free trade zone is in the middle of a neighborhood that’s been transformed from a manufacturing hub to a destination for art, restaurants and shopping. Mana has added entertainment to the mix by converting a warehouse into a convention center.
That’s only the beginning of his plans.
“The intent and goal of the plan is to develop a unique area on the southern end of Wynwood with cultural infrastructure with an area of trade on western edge, to facilitate increase trade between South America and Asia,” Zyscovich said. “The eastern edges would fulfill the Moishe Mana vision of the cultural component into the Wynwood area in the form of art and culture mixed with significant job creation, trade and other flexible uses.”
Mana saw that it’s difficult for Latin American people in the trade business to connect to SUPPLIERS in China because they’re so far apart, so he believes Mana Wynwood could create an environment for them to interact, Zyscovich said.
Zyscovich said Mana Wynwood would create a campus environment in a creative setting, making it one of the few places in Miami that could land a cutting edge company like Google.
Just steps away from upcoming Brickell City Centre, Miami’s newest and most extravagant shopping and lifestyle destination, SLS LUX offers residents ultimate access in an oasis of exclusive privileges. Sophisticated designer interiors, original works of art by contemporary masters, private rooftop pool terraces, celebrity chef restaurants, and limousine service to a chic private beach club are among the many features, amenities, and services designed to indulge the most discriminating clientele.
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Brickell City Centre is a landmark $1.05 billion, 5.4 million square feet, mixed-use development in downtown Miami from Swire Properties, one of South Florida’s leading international developers of real estate known for its $1 billion master-planned development of Brickell Key.
The project’s first phase includes a luxury shopping center, two residential towers, a hotel with serviced apartments, a wellness center and a Class A office building. The project is LEED®-registered for Neighborhood Development – currently one of the largest in the U.S. Sustainability elements include the exclusive CLIMATE RIBBON™, an elevated trellis composed of steel, fabric and a continuous surface of glass that will connect all components of the development and create a comfortable microclimate for shoppers.
As the largest private-sector project currently under construction in Miami, Brickell City Centre is scheduled to begin vertical construction in 2013 with first phase completion scheduled for third quarter of 2015. A second phase of construction will begin in the first quarter of 2016.
43-story tower designed by internationally acclaimed Arquitectonica
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Located at 1300 South Miami Avenue in Brickell. It will have retail at the ground level featuring 3 on-site restaurants - including world-renowned Katsuya by Stark, Bazaar by Jose Andres, and a restaurant by MichaelSchwartz of Michael’s Genuine.
Imagine your life living with all these sophisticated amenities and with a central location, walking distance to all the important office buildings in Brickell, restaurants, shops, Mary Brickell Village and the upcoming Brickell City Centre.
SLS Residences will be 1-bedroom, 2-bedroom and 3-bedroom units. Penthouse units will feature 12 foot ceilings (floor plans being designed)
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Industry experts say Miami’s hotel market could be reaching its peak in 2016 as revenues and occupancy rates begin to level out.
Last year was solid for the individual hotels that make up Miami’s leisure industry: more than 44 million travelers passed through the Miami International Airport, a bevy of new hotel developments opened their doors and room rates saw steady gains compared to 2014.
Occupancy rates hovered around 78 percent, mostly flat from the previous year, and hotel owners’ average revenue per room grew to nearly $153 — about a 6 percent jump, according to year-end data from STR.
“On one hand there’s a story about what’s going on at the property level, and then there’s a separate story about how buyers and sellers and lenders are acting right now and how the transaction market has been,” Max Comess of brokerage HFF said. “The stories have been a little disconnected.”
Comess said turmoil in global markets has started to put a damper on activity from certain investment groups and lenders as their strategies become more cautious. Plunging stock markets hurt real estate investment trusts in particular, he said, whose share prices “fell precipitously” compared to the highs seen earlier in 2015. One example of that early-year bravado was the $278 million sale of the former James Royal Palm in South Beach to the Chesapeake Lodging Trust.
That closing came in February, which also saw the $230 million sale of the Miami Beach EDITION to the Abu Dhabi Investment Authority “The REITs for the most part have exited the market,” Comess said. “They were really driving South Beach, downtown Miami; a lot of the resort markets throughout the state.”
Another factor playing into the market right now is a strong U.S. dollar shrinking the appetite of foreign travelers and investors, he said.
Less purchasing power for tourists abroad roughly equates to fewer hotel rooms booked. South American countries in particular are facing harrowing economic conditions, which Comess said is troubling because Miami is such a hub for that continent.
However, Comess said these trouble spots don’t mean Miami’s hotel sector is in bad health. If anything, it’s “bouncing off the top” as it starts aging into its golden years. Wendy Kallergis, president and CEO of the Greater Miami and the Beaches Hotel Association, would agree.
“It’s going to even out because we had so much growth in 2015,” she said. Hotels this year got a slow start, she said, at least partially because the northern states enjoyed warmer holidays than usual. But she expects business to return to normal during the spring, especially with big-ticket events like the annual Ultra Music Festival bringing in travelers.
She also said occupancy leveling out is a byproduct of more hotels opening their doors as opposed to a decrease in demand. Miami Beach alone saw the opening of the Edition, Faena Hotel, Nautilus, Aloft, Hyatt Centric, Hampton Inn Miami South Beach and 1 Hotel South beach, altogether bringing just under 2,000 rooms online in a single year. That trend will likely continue as the EAST Hotel at Brickell City Centre, Langford Miami in the downtown area and the Surfside Residence Inn all open this year.
And while the market maturing usually means a return to stability, the year will not be without its trials, experts say. “We expect this year to be challenging. The Miami Beach Convention Center is closed; several hotels are already reporting that this is leading to a loss of business,” Paul Weimer, vice president of brokerage CBRE’s hotel division, said .
[The convention center is not fully closed as events like Art Basel will still take place there, but it is taking no new reservations while renovations are underway.] “The dollar has remained strong, making it more expensive for international travelers. Many of our feeder markets continue to experience economic issues… I think we will be very lucky if RevPar ends unchanged year over year.”