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Posts Tagged ‘Miami Worldcenter’

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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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