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Posts Tagged ‘Brickell City Centre’

According to historian Henry Howe, Miami means “mother” in the Ottawa language and this was the word that designated one of the original Indian tribes who lived in the Miami valley. They would go up and down the river on their canoes, and this is also how the first white settlers arrived in Miami, around 1800, coming from the Ohio River to the upper portion of Florida. The Miami River hosts a few historic landmarks of Miami, such as Lummus Park, created in 1909, which entered the U.S. National Register of Historic Place in 2006 and Garcia’s, a fishing place and a restaurant which opened 35 years ago.

Miami River Greenway

Miami River Greenway

I recently attended a river tour, organized by the Miami Association of Realtors, which clearly showed how the Miami River area has been cleaned-up and revitalized over the past few years and, welcoming new residential projects, restaurants and waterfront walking pathways, which have have turned it into one of the most dynamic neighborhoods of Miami. It crosses various neighborhoods such as Brickell, Downtown, Little Havana, Allapattah and Overtown. A $89 million project cleaned-up the contaminated river water a few years ago. The Greenway, a public walking and bicycle trail, created in 2001, is still expanding along the historic Miami river. It offers waterfront landscaping and exercise opportunities, information kiosks, lighting, benches and outdoor art installations for residents and tourists. It goes along new residential towers, older and newer restaurants such as the to-be-seen-at Seasalt and Pepper as well as local marine businesses ( seawall designers, commercial fishing companies… etc ). On the upper side of the river, the Miami Mega Yacht Club will provide with 16 boat slips and a clubhouse and add another venue to the Epic Hotel and Marina to keep mega yachts. The medical and civic center, where the University of Miami medical school and hospital as well as where the Miami Richard E. Gerstein Justice building stand, are located east of the Miami River.

River Landing, the mixed-use project that will offer a mix of 445 residential homes, and 500,000 sf of retail, hopes to attract some of the 40,000 people who go to work daily to the medical and civic center. A few big box scale retailers have already signed-up such as LA Fitness. Also, the river is just a few blocks away from the Miami Marlins Park stadium and Little Havana. Going South of this area lies Snug Harbor, close to Point Park, where a low-density neighborhood showcases historical homes. I was told that one of them just sold for $1.5 millions.

Miami River marine business

Miami River marine business

Further South, in Brickell, Brickell City Centre, the $1 billion project developed by Hong-Kong based Swire Properties, is under construction and offers to purchase apartment/condos facing the river ( for some of them ). Also, a few new residential building have been announced such as 444 Brickell and Edge on Brickell. The Miami River commission just approved the construction of Sushi Samba and Duck & Waffle restaurants to be designed in a unique glass an wood design overlooking the river. Green spaces, business opportunities and life are indeed booming by the Miami River.

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Brickell City Centre

There are so many urban development projects currently going on in Miami that it’s almost impossible to be perfectly updated on each one of them. Large mixed-use developments are being built in various areas, from Doral to Downtown Miami and Bal Harbour, The Miami Design District and Miami Beach. Miami will become one of the most vibrant shopping destinations of the world, a sort of New York   ( Manhattan ), Dubai or Shanghai by the ocean with a sparkling Latino twist. Its identity is clearly evolving from a vacation destination to a more sophisticated and confident international metropolis. Brickell City Centre, developed by Hong-Kong-based Swire properties, is a $1.05 billion/11-acre project, which is currently under construction. It includes 700 Brickell and various blocks just West of Brickell, between SW 7th and SW 8th Streets. Its design should really change the way part of the Brickell area looks, with its see-through roof connecting the various sections of the development, from retail and restaurants to residential, from residential to office spaces. The Whitman Family Development, which owns and manages The Bal Harbour Shops, has signed an agreement with Swire Properties to manage the retail component of the project and recently announced that Saks Fifth Avenue will open a 107,000 sf anchor store there. The first residential tower, Reach, which is planned to be completed at the end of 2015, is said to have sold 70 % of its residences. The second residential building will start selling by the end of the year.

Miami WorldCenter, another major development, which will start construction during the first semester of 2015, in Downtown Miami, West of Biscayne Boulevard and Bayside Marketplace and just East of the future All Aboard Florida or Miami Central train station. The 10-block development will feature residential units, thousands of parking spaces and 765,000 sf of retail, including Macy’s and Bloomingdale’s. Miami WorldCenter is now launching Paramount, its first residential tower.

Expansion of The Miami Design District

Expansion of The Miami Design District

The Miami Design District is being expanded and has been going through major construction over the past two years, especially West of NE 2nd Avenue, between 38th and 40th streets. Miami-based developer Craig Robins will increase its retail space by approximately 30%, offering additional art, dining and luxury shopping experiences with boutiques such as Hermes, Louis Vuitton, Bulgari, Celine, Prada, Cartier and more as well as a few art galeries and furniture showrooms. Also, residential towers such as Baltus House and a large parking are being built. The Miami Design District aims at becoming the point of convergence of art, entertainment and luxury shopping in Miami.

Therefore, wherever you go around these neighborhoods, the value of office, retail and residential real estate is going-up. Its population of residents and businessmen/business women is expanding too.

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