Theater lease heads for Miami Beach commission OK

MiamiTodayNews.com (Real Estate) 9/14 8:22P Monica Correa

The Collins Park cultural center and theater is to seal a lease with Miami New Drama in October, after the city com­mission and Planning Board unanimously passed a term sheet agreement for a lease in June. After non-for-profit present­ing and...

Shrinking apartment inventory sends rents soaring

MiamiTodayNews.com (Real Estate) 8/31 5:22P Abraham Galvan

The multi-family apartment rental market is currently facing a shortage in Miami-Dade, with less than a month’s worth of inventory, according to local residential real estate experts.   There’s about a month of inventory in rentals, which are...

Action on vast Wynwood project deferred for changes

MiamiTodayNews.com (Real Estate) 8/24 5:03P John Charles Robbins

The developer of one of the largest mixed-use residential and office projects to rise in Wynwood has deferred a city review and promises to work with City of Miami staff to help improve the overall project. The developer aims to tweak the plan...

Vital Dade County Courthouse repairs won’t be done until 2023

MiamiTodayNews.com (Real Estate) 8/17 5:06P Gabriela Henriquez Stoikow

At least a dozen companies are interested in repairing the basement of the now-evacuated Dade County Courthouse as part of county maintenance. The estimated value of the repair is almost $4 million and work is expected to be substantially...

Miami board OKs Merrick Towers

MiamiTodayNews.com (Real Estate) 8/10 5:18P John Charles Robbins

A developer plans to construct two companion 20-story buildings and a parking garage to contain residential units, office space and commercial-retail uses near Coral Gables and invokes the name of Gables founder George Merrick. The property is at...

Twin 60-story Edgewater towers on Biscayne Bay win OK

MiamiTodayNews.com (Real Estate) 8/3 5:15P John Charles Robbins

The Melo Group plans a pair of 60-story towers for Edgewater and the promise of a major portion of the growing public baywalk. Aria Reserve is proposed for a more than three-acre site on Biscayne Bay at 700 NE 24th St. The owner is listed as 24...

Complex public-private Miami administration building deal stumbles

MiamiTodayNews.com (Real Estate) 7/27 5:18P John Charles Robbins

A complex public-private partnership is apparently falling apart between the City of Miami and a developer that won a bid to build a multi-million-dollar project on the Miami River. Because the city is considering other options for construction...

Miami-Dade office vacancies highest in 8 years

MiamiTodayNews.com (Real Estate) 7/20 5:39P Lauren Lamb

Florida’s economy is fourth-best in the nation in bouncing back from the plunge during the pandemic, but Miami-Dade’s office vacancy rates are also the highest they have been in eight years, at 16.9%. Even though vacancy has grown, so have newly...

Pleas derail higher maximum cost for affordable homes

MiamiTodayNews.com (Real Estate) 7/13 5:09P Gabriela Henriquez Stoikow

“If we are not raising the minimum wage, if we are not raising our income, low-income families can’t afford a house for that price,” resident Christine Olivo told last week’s county commission meeting, when an effort to raise the maximum sales...

Downtown Development Authority big on events, not development

MiamiTodayNews.com (Real Estate) 6/29 3:15P Laura Lamb

The Downtown Development Authority say downtown Miami has been quiet too long. As the pandemic is receding, many plans are in place to see downtown become alive again. The fun, the authority says, begins on a revamping Flagler Street. Marta...

County cuts $4 billion West Dade development deal with developer Terra

MiamiTodayNews.com (Real Estate) 6/22 5:18P Jesse Scheckner

Miami-Dade and developer Terra have agreed to early terms of a project near Dolphin Station that is expected to yield the county more than $4 billion over a century. Commissioners June 15 approved a 97-year contract with the Miami firm for...

State Attorney moving to river in what could be $108 million lease

MiamiTodayNews.com (Real Estate) 6/15 5:18P Jesse Scheckner

Leaky bathrooms, malfunctioning air conditioning, faulty elevators, and a flooded parking garage. Those are some things that staff at State Attorney Katherine Fernandez Rundle’s office will say goodbye to in about six months, when they move into...