In our American show, leading galleries from North America, Latin America, Europe, Asia and Africa show significant work from the masters of Modern and contemporary art, as well the new generation of emerging stars.
Paintings, sculptures, installations, photographs, films, and editioned works of the highest quality are on display in the main exhibition hall. Ambitious large-scale artworks, films and performances become part of the city's outdoor landscape at nearby Collins Park and SoundScape Park.
Read More at the site https://www.artbasel.com/miami-beach
Robert Finvarb, whose development company has two hotels about to open on Miami Beach, discusses the superheated hotel scene in Miami.
With two hotel construction projects coming in for a landing, developer Robert Finvarb was sounding confident during an interview earlier this month.
Construction of both properties — the Hyatt South Beach and AC Hotel Miami Beach, both set to open in April — was running on schedule, no easy task in a market flooded with renovation and new building projects in recent years.
“I pride myself on that,” said Finvarb, a Miami Beach native. “This is all we do.”
After graduating from law school and working for nine years as an attorney, including for South Florida developers, Finvarb founded real estate investment and development company Robert Finvarb Companies, where he is president and CEO.
In an interview at the company’s Courtyard by Marriott South Beach at 1530 Washington Ave., Finvarb talked about the popularity of the area for investors, the advantages of being a local surrounded by outside developers and the challenges of landing a project (not to mention two) on time.
Q. What led you to start your business here in 2002?
A. Just the familiarity of the area, and actually my dad and I collaborated on this project with my brother. It was an emerging area of South Beach. This Washington Avenue corridor was dark, dingy, dirty. And as we’ve seen in many other markets that we’ve developed, it became an economic engine for this little part of South Beach because it legitimizes it.
And one thing that developers have is a herd mentality of following those that pioneer certain areas. Look at Wynwood, look at Design District. And I’m not going to put this on par with what the Goldmans did in Wynwood or what Craig Robins did in Design District, but this was our little opportunity to gentrify this area. We’ve done the same thing in D.C., we’ve done the same thing in other markets where they’ve been urban emerging markets and we’ve put Marriott hotels in areas that people did not associate as a destination for business or leisure travel.
Q. And how have you seen, down here especially, development opportunities change since you started?
A. Dramatically. Actually, most of the projects that I started with on my own were outside of South Florida. So our company did the [Courtyard by Marriott] project over by Fort Lauderdale airport. Then we went to Northern Virginia, D.C., Arizona, New York. Then I came back. ...
It’s crazy, I’ve been through three cycles and we’ve been in business for 12 years. So we came in and I was able to grow my business quite aggressively because the capital markets were extremely active and didn’t really limit my ability as a new developer or as a neophyte in the market from procuring financing. And then my legal background saved me in a sense that I was conservatively leveraged on all these deals so we were able to go through the downturn without ever missing a beat. And we actually were able to capitalize on a couple of opportunities during the downturn. We picked up the [Courtyard by Marriott] hotel in Coconut Grove and we picked up a second one outside of Chicago in a suburban market. Basically that was an alternative strategy during the downturn because construction financing for new projects was nonexistent.
Over the last three and half years, we got back into the market from a construction and development perspective and either developed or are in the process of developing two hotels in New York and three down here, including [Residence Inn by Marriott in] Sunny Isles. [A fourth, the Springhill Suites by Marriott — Miami Airport East, opened about five year ago.]
Q. Have you found that the opportunities available to you are reduced because there’s a lot of competition?
A. Huge. Right now, I mean, in my mind, I’m not really pursuing any new opportunities down here. I think the market is at a level that’s unsustainable from a cost perspective for a new project. Between construction, the cost and acquisition of land — you’re basically competing with condo developers, and they can pay more than a hotel developer can.
I don’t feel that, for the product type that we are accustomed to developing, that it’s a sustainable model. We’re long-term holders, we don’t sell. So we have to be in at a price point that allows us to survive for a long period of time.
And inevitably in the hotel space, there’s ups and downs. The market basically moves in tandem with GDP. So right now ’15 is expected to be strong, ’16’s strong. Let’s see then what happens with a presidential election, oil prices, international travel. There’s so many variables that play into it.
Q. What are the hottest areas for developers now?
A. In South Florida, South Beach remains a crown jewel. There are barriers to entry, obviously, both naturally and imposed by local zoning regulations in terms of the preservation of the Art Deco District and historic buildings. Those aren’t going to change. What scares me is downtown, Brickell I think is getting overbuilt to levels that are not sustainable because you’re not able to drive rate in our business as aggressively on the west side of the [MacArthur] Causeway as you are here on the beach.
Q. Do you think there are pockets that are still kind of hidden gems, undiscovered?
A. I’m very curious to see what happens in Wynwood and Design District. From the retail perspective, restaurants, it’s not a hidden pocket. It’s unproven from the hotel side. Will Wynwood one day become SoHo? Or will it just remain sort of a weekend destination, but not necessarily the kind of place you want to sleep, spend the night? So those are questions that we continue to ask ourselves. And the thing with hotels is: Being a pioneer is extremely risky. You could hemorrhage money with a hotel. If you build it and they don’t come, you’re screwed.
We have a hotel by the medical district, it’s a Marriott Springhill Suites. It does relatively well, but from a rate perspective, it’s dramatically lower to the point where by today’s dollar, it’s an unsustainable business model. So that’s why I’m hesitant to develop something on the west side. Because there’s no differentiating point between what you’re paying for construction on Miami Beach and the west side of the causeway. But your rates are dramatically different.
Q. What’s in your sights moving forward?
A. We’ve got a full plate. We’re not publicly traded, we’re not institutionally backed. It’s all private equity. [We’re] patient, so we’ve got plenty on our plate and if we develop and just continue to hold and operate and manage and extract value out of these assets, we’re fine waiting for the next opportunity. But we’re not going to chase an opportunity just to be active.
Q. What advantages do you think being a longtime local developer give you here?
A. I’ve seen it. When I go into markets like D.C. or Arizona, there’s just knowledge that you’re trying to gain from experts and locals that is still going to be second- or third-hand. Whereas here, I’ve lived it. I know where my wife and I want to go for dinner on a Saturday night that’s edgy versus more established and exciting, where we want friends of ours that are visiting to be staying. I don’t need a feasibility study to tell me how an opportunity is going to perform down here.
Q. So you’ve got these two hotels getting ready to open right around the same time. Why did you want to do those two things so close to each other, and how much sleep are you getting?
A. Not a lot of sleep, but I feel that the window of opportunity to develop the product type that I’m accustomed to developing, that three-and-a-half to four-star product, was closing. So we decided to dive in with both feet and assembled two fantastic teams and actually bolstered our team in house.
Q. I don’t think there’s a Hyatt in Miami Beach, right? And AC by Marriott?
A. First Hyatt in Miami Beach and the first ground-up AC by Marriott in the United States. So they’re pioneering.
Q. And how did you land those deals?
A. This is all I do, so I knew that Hyatt’s one of the leading brands in the world. Not having a presence in one of the most dynamic destinations screamed opportunity to me. It’s actually my first non-Marriott branded hotel, so when we presented them with the opportunity, they were extremely excited combined with our track record for executing developments. And I think it’ll play extremely well with the market, with the surrounding area. The Loews, it really complements the hotel product within that 16th and 17th and Collins corridor, which really is the most established hotel corridor in Miami Beach.
A. As far as the AC’s concerned, I’ve had a relationship with Marriott for 12 years. My family, we’re Hispanic, so it’s a brand that originated in Spain. And Marriott sort of involved me with its acquisition of the brand at a very, very early stage because I am bilingual, I’m a great ambassador from the developer side for the product. And the product obviously doesn’t play batter in any market than Miami because of the Latin and European influence.
Q. You’re right on deadline with both of them — how hard is that to do here?
A. Very. Especially now with so many construction projects on the condo side going on. The condo developers are extremely anxious to get completed and delivered. Nobody wants to get caught without a chair when the music stops. ... They’re heavily incentivizing subcontractors and their contractors to finish on time. So there’s a tremendous strain on resources. For me, I exhaled once the windows were on our buildings, frankly speaking.
Q. You mentioned knowing where you want your friends to stay and where you and your wife want to have dinner, so I’m curious: What’s the go-to dinner place these days?
A. The Edition: Matador Room and the Market. The Edition, in my opinion, from a five-star perspective, hit it out of the park. I don’t think anybody touches them now in the market.
Local mobile products giant Brightstar Corp. is getting even bigger.
Following a spate of recent acquisitions, the company announced Friday it had bought up Canadian consultancy WirelessWorks for an undisclosed sum. In a statement, Brightstar called WirelessWorks a solutions provider for mobile network operators and device manufacturers.
Company CEO Jaymin Patel said in the statement that the acquisition will allow Brightstar to expand its presence in Canada. The Miami company already offers device protection solutions in that country.
Brightstar was one of the fastest growing technology companies in South Florida last year, nearly doubling its global employee count to 9,000 through both organic growth and acquisitions. The company went from revenues of $7.2 billion to $10 billion, with 500 employees in South Florida
The firm has acquired widely, picking up other companies in Europe, Japan, the United States and India. The companies acquired were involved in the mobile distribution, service and accessories business lines.
Bonsai is a Japanese word that means “planted in a container.” Bonsai gardening is a horticultural art form that involves growing small plants into tiny trees. The gardener’s objective is to coax a plant into the shape and appearance of a tree with branches and leaves. Gardeners use a variety of growing techniques to direct this beautiful and innovative growth. Bonsai gardening is popular among people of all ages, and it is easily performed in the comfort of one’s home during any season of the year.
Bonsai” may be a Japanese word, but this art form began in China. Hundreds of years ago, Chinese people pursued a special type of gardening that involved growing tiny trees in containers. In the beginning, only the top echelon of Chinese society pursued this form of gardening. Later, as Japanese people borrowed heavily from Chinese culture, bonsai became a popular hobby in Japan. Bonsai eventually moved west into Europe and then into the United States. A bonsai tree was featured in the St. Louis World’s Fair in 1904, which illustrates the rise of bonsai in the West.
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Located within easy reach of Croydon Central, Croydon Station and Main Street, this gorgeous townhouse is a low maintenance lifestyle option that will appeal to all. Light-filled, the ground floor is your living and entertaining hub with a huge open plan lounge/dining area and kitchen which opens to a freshly manicured courtyard garden and deck. Additional benefits here include a European laundry and downstairs powder room. Zoned for comfort and privacy, the three robed bedrooms are located upstairs alongside the bathroom and separate WC. Public transport is on the doorstep not to mention schools, parks and local shops.
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On offer is a stylish, single level townhouse to be purchased off-the-plan.This home will boast a 6-star energy rating with LED lighting and water tanks with pumps to the toilets. Additional features include bamboo floors and quality carpets, European kitchen appliances, gas ducted heating, evaporative cooling, ducted vacuum, alarm system and landscaped gardens.Sure to appeal to first home buyers, downsizers, investors or professional couples, this boutique development has numerous location highlights: Dorset Public Golf Course is at the end of the road and Churinga Shopping Centre, buses and schools are a short walk away. Croydon Main Street, Croydon Central and parklands are also nearby, or take a short drive to Eastland for some serious shopping and entertainment.
A unique collection of 43 waterfront town homes located on the southeast coast of Normandy Shore.
The mid-rise property includes striking modern architecture, contemporary landscaping and fountains, and a comfortable-yet-elegant community noted for spacious layouts, stunning golf-course and water views, and a relaxing atmosphere feel unlike anywhere else in South Florida.
Located in Normandy Shore, an exclusive, waterfront enclave in the neighborhood of North Beach in the City of Miami Beach, just moments from Bal Harbour and South Beach. Dividing the neighborhood are two main streets, Normandy Drive and 71st Street which are lined with small shops, restaurants, and charming mid-century architecture. The thriving commercial district caters to the area’s high-end condominiums and numerous single-family homes with bistros, banks, offices, gas stations, and a long-standing weekend farmers market in the plaza. Outdoor enthusiasts delight in Normandy’s 18-hole golf course, tennis courts, children’s playgrounds, swimming pools, basketball courts, and proximity to the sands of Miami Beach.Residence Features
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New community in the heart of Downtown Doral. Features a mixed use neighborhood, including commercial, retail, and residential components that will feature restaurants, a first class charter school and houses the Doral City Hall.
Model A: 1,796 sq.ft. under A/C
with flexible options to add square footage including a 3rd floor, and customization providing for a range of 2 to 4 bedrooms (see floorplan for layout and 3rd Floor Options)
Model B: 1,998 sq.ft. under A/C
Features
RESIDENCES
Spacious residences with more than 7,600 square feet of livable space, 5,515 interior square feet, 2,100 exterior square feet, feature floor-to-ceiling glass walls framing the dramatic ocean and 360 degrees of unobstructed views. Living spaces are flooded with light and air from sunrise to sunset.
INDOOR/OUTDOOR LIVING
A rectangular glass prism houses the functional requirements -- transparent surfaces connect inside and outside linking the occupants with the surrounding environment.
ATTENTION TO DETAIL
Superb craftsmanship, quality and style define the interiors. Top-of-the-line materials are used to create a symphony of color, texture and fine design throughout the residences. Full-size gourmet kitchens boast European cabinetry and the latest technology in appliances
SPA-LIKE AMBIENCE
Sumptuous master baths, feature soaking tubs and designer fixtures. Attention to detail creates a sophisticated and uncompromising world for those who expect the best.
SERENE SPACE TO REJUVENATE
With unparalleled comfort, the opulent Regalia Spa offers a visionary space to rejuvenate your body and relax your mind. Form, materials and filtered light calm the senses in a secluded, sophisticated space that evokes a Turkish-style hamam. State-of-the-art fitness facilities, couples’ sauna and individual treatment rooms complete the environment. A menu of private spa services, either within the spa or in the privacy of your home, is offered to residents. Regalia’s concierge will assist with arrangements for services tailored to fit your needs.
Take in all the distinguished details that come with living in Midtown Doral’s modern residences.
Residences
Gourmet Kitchens
Master Bathrooms
Smart Features (Some features optional)