$120M Plan Revealed for Underline Path Below Miami Metrorail

 

Plan Proposed for 10 Mile Underline Along US-1

Miami is taking another step to become greener and healthier! James Corner Field Operations, co-designers of Manhattan's High Line, are carrying out the audacious proposed plan estimated to cost $120 million for the 10-mile underline path below the Miami-Dade Metrorail route along US-1. 

The plan was formally presented on Wednesday to Underline supporters. Whereas today the community is lucky to find a paved sidewalk along most stretches of the path, the vision calls for dramatic enhancements that, if executed, will transform the barren route into a recreational Eden, booming with the likes of gardens, dog parks, workout stations, sports courts, a skateboard rink that can be converted into an event space and food kiosks run by solar energy. Miami-Dade Mayor Carlos Jimenez, along with county agencies and the cities of Miami, Coral Gables, and South Miami, are in full support of the project.

A chunk of the cost in fulfilling the 400 page vision is heightened by the 36 roadway intersections, where the plan calls for pedestrian and bike bridges over five of them with at least minor modifications to the rest, adding up to an estimated expense of $20 million. They plan to use the $5 million received in government grants to begin Underline's "Demonstration Phase" next year, starting with a three-quarter mile stretch in Brickell that would feature amenities like picnic areas, a dog park, an outdoor gym, a play area and even a climbing wall.

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

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Miami to House Huge Tech-Arts Hub

Huge Tech-Arts Hub Proposed for Wynwood

Miami is evolving into a more business driven city where more jobs and opportunities will emerge even at technological companies.  The escalating Wynwood arts district in Miami could get much bigger, The Miami Herald reports. The district's largest landowner, moving-company and cultural entrepreneur Moishe Mana, has filed a special zoning application with the city of Miami that would allow him to redevelop 24 acres of mostly vacant land and buildings into a mini-city of large-scale industrial-style buildings designed to lure major creative and tech companies and arts groups to Wynwood.

"It's going to be a very exciting new neighborhood for the city," architect and planner Bernard Zyscovich said Wednesday. "It is really different. It's a hybrid mix of commercial and exhibition spaces, of innovation-oriented shared spaces and arts infrastructure. I think of it as Brooklyn comes to Wynwood." * Sunsentinel & Miami Herald.

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

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$7.5 Billion Spent in Construction in 2015 in South Florida

Construction Reaches $7.5 Billion so Far in 2015 in South Florida

 Miami Real Estate activity continues its steady growing trend as many factors indicate sustained momentum. According to a RealtyTrac report released Wednesday, one Miami zip code actually has the highest ratio of home flips in the country: 33056 in Opa-Locka.Also the demand for rentals has also grown to the point that Miami has become the eight most expensive rental market in U.S. The sector of new construction has neither shown signs of slowing down. Construction spending year to date in South Florida increased by 19 percent, or $1.2 billion, compared the same period a year ago, according to a report released Thursday. The amount of construction contracts awarded this year through September was $7.5 billion in Miami-Dade, Broward and Palm Beach counties. In 2014, it was $6.3 billion.

Despite the year-over-year increase, residential contracts decreased by 67 percent in September, compared to September 2014, according to a report by Dodge Data & Analytics. In September 2014, residential contracts reached $952 billion; in the same month this year, they fell to $312 billion.

Nonresidential spending was up 25 percent month-t0-month, from $178 billion in September 2014 to $222 billion in September 2015, the report said. The huge decrease in residential contracts resulted in a 53 percent drop in month-to-month activity in both residential and commercial. Some South Florida developers have slowed their accumulation of property as land prices and construction cost rise. * The Real Deal

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

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Upgraded MetroMover Station at Brickell City Center

Swire will pay the City $4.6M for the Improved Station

Brickell City Centre is setting a new urban pulse in Miami and is doing so by being singularly innovative and surpassing all standards of excellence. So much so that even the MetroMover Station at Brickell City Center is above the standard size and finishes of the rest of the stations. Swire Properties will pay Miami-Dade County $635,040 for adding a little more wiggle room to the Brickell City Centre Metromover station. On Wednesday, a transit committee of Miami-Dade commissioners unanimously recommended approval of an amendment to a development, maintenance, and easement agreement between the county and Brickell City Centre Project LLC, the Swire entity building the mega mixed-use multi-tower project. Three years ago, the county leased four parcels located adjacent to and under the Metromover system between Southeast Sixth Street and Southeast Eighth Street near Brickell Avenue. The Eighth Street Metromover station is being integrated into Brickell City Centre by adding a new level that will have direct access to a hotel lobby of the $1 billion complex. Swire is covering the $4.6 million in construction costs including station upgrades such as a new elevator, a new escalator, and new stairs on the north side of the station. A Swire spokesperson did not immediately respond to an email seeking comment. Swire agreed to pay the county a one-time guaranteed payment of $1.1 million, $50,000 a monthly installments during construction, and $2,100 in monthly rent when the station reopens for service, according to a memo from Miami-Dade Mayor Carlos Gimenez. The station was closed last August for construction, Miami Today reported. Gimenez’s memo states that Swire required an additional 2,240 square feet not part of the agreement. The county and Swire negotiated a price of $635,040. Swire also has to provide the station with property maintenance during the 96-year-term of the contract. When completed, Brickell City Centre will include two luxury residential towers, two mid-rise office towers, a hotel and a 500,000-square-foot luxury retail shopping center anchored by Saks Fifth Avenue, Cinemex theatre and other leading fashion retailers and luxury brands. According to a Swire press release in September, the Metromover project will also provide access to transit riders going to the office towers. * The Real Deal

Call me now to schedule a complete presentation of any project in Miami. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!

To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com