Monthly Archives: January 2008
A New Gym and Three Clowns
The other morning, I stumbled upon the Jose Marti Gymnasium construction site and thought it was a great public amenity for the neighborhood. With this in mind I stopped my car, rolled down the window, and began snapping some shots. Before I could finish, some where in the distance I heard shouts. It seemed to be coming from above me because no one was on the street. I rolled down the window further and heard… Continue reading
Filed under BoB Articles
Collins Avenue Development Activity Expanding
Image: Formerly Fairwind Seafood Bar and Grill
On May 17, last year, I wrote a post on the Collins Avenue Shopping District’s relatively rapid emergence and unique attributes. I ended the post by stating:
“The shopping district currently ends at 10th street, but there is room for it to expand northward. Collins, between 10th and 15th streets represents an underutilized segment of the storied avenue.”
Since then, the area north of 10th street on Collins has begun to transform as the anticipated northward expansion of new retail and hotel activity takes place. Structures are getting bought, restored, or demolished to make way for new businesses.
South Beach as a neighborhood and international brand has continuously redefined itself. It’s in these subtle changes, the motifs within the theme, that you see the redefinition taking place, so that every time a New Yorker or Londoner visits SoBe they feel like the experience has improved. This adaptability, along with the endowments nature has granted the island, is the key to its continued success.
Let’s see what this expansion looks like on the ground: Continue reading
Filed under BoB Articles, Miami Beach: SoFi, Miami Beach: South Beach
Jacobo Cababie Dies of a Massive Heart Attack
Today, the profile I wrote on CABI principal Jacobo Cababie (developer of Everglades on the Bay, Turnberry projects, the Capital at Brickell) was the most popular read on my site. Considering I had written it months ago and didn’t have … Continue reading
Filed under BoB Articles
Foram Group Bullish on Miami’s Class A Office Market
Condo Boom Stimulating Class A Office Development
Loretta Cockrum, President of the Foram Group (builders of the Brickell Financial Center) has said that the condo market boom has impacted the demand for Class A office space. Most agree that the condo boom, with all of its problems, does have one major positive aspect: the improvement of Miami’s demographics. For Miami, the status quo means mostly low income. Although not likely to quickly change, the incoming occupancy waves in and around the urban core will bring up income levels so that they are more compatible with declining home prices. This demographic improvement, according to Loretta, has and will continue to result in significant high quality commercial development.
Local Small Business Owners Uninterested in Green
Regarding the “Green” or LEED aspects of the Brickell Financial Center, Loretta stated that local small business owners have been mostly indifferent to… Continue reading
Filed under BoB Articles, Commercial Developments
Jorge Perez’s $1 Billion ‘Opportunity Fund’
Cash is King
At Friday’s ULI Conference Related Group principal Jorge Perez announced plans for a $1 billion “opportunity” fund for the purpose of bailing out troubled buyers and expanding assets. Mr. Perez emphasized the scarcity of prime land and claims that the next upswing, whenever that may be, will involve significantly higher acquisition prices–prices that will make today’s per square foot values seem minimal in comparison. In a market where cash is king, he aims to demonstrate that his crown shines the brightest… Continue reading
Filed under BoB Articles
Update on the Empire World Towers
Ladies and Gentlemen check this out–and don’t forget to click the video feature. [Via the Daily Business Review]
Filed under News
Not Closed
First off, for those who have commented, emailed me (I have to catch up on those), or posted info on their blogs or sites, I can’t adequately describe my appreciation, and I’m sorry about my sudden heavy-hearted departure from the … Continue reading
Filed under BoB Articles
