Category Archives: CBD: Financial District

Vintage Urbanism in the CBD

Image: Flagler First

The vicinity around the intersection of Flagler Street and N.E. 1st street and 1st Ave has good examples of vintage or restored urbanism.

Images: Flagler First

  • The first example, Flagler First, is the most notable and expansive in the area. It involves the restoration for the historic First National Bank. It is being developed by Sergio Rok. The project is striking in that it looks like a more traditional representation of urbanism with brick walls and intricately etched columns. It lends a sense of dynamism to Miami’s mostly new construction-oriented skyline.

Images: Capital Lofts at the Security Building

  • The Capital Lofts (Do not mistake it for Capital on Brickell) at the historic Security Building, being restored by the Arbel Group, is the second example of vintage urbanism in the area. A short walk from Flagler First, Capital Lofts, again is a more traditional representation of urbanism. Unlike Flagler First, which lacks a standout crown, Capital’s crown will rise as an architectural beacon in the neighborhood. Its restoration is the most conspicuous advancement of the site’s renovation. Capital is more slender and tall than Flagler First and is not situated on a corner, so it’s not as noticeable and the city views aren’t as desirable.

Images: 1st and 1st Jewelry Center

  • Across from Capital Lofts is a unique retail development that has not amounted to anything but is still a fine example of restored urbanism. It is the Jewelry Center at 1st and 1st. Here again, when looking at the building, one gets a sense of being somewhere else. The facades etched concrete, archways, high entrances, and decorative balconies gives it that storied look. It’s not clear what will happen with the site. Currently, some of the exterior areas are popular as bathrooms and bedroom for the homeless.

Image: Carrion Building

  • Across the intersection, lays the last example of a restoration that has lent character to area, the Carrion building. It was restored by Carrion Mfg., a local successful jewelry manufacturing business, and it is now their main office. It also has retail at the ground level with an unrelated jewelry store and a pizzeria.

The Financial District has several historic structures (Congress building, Ingraham building, Dade Commonwealth building, and Dupont Building, to name a few) that could use a revamp. Not all of them would be good to harbor residential, but some could be for office condos, or mixed use. The core cannot continue to progress with the area’s oldest structures remaining in a derelict state. Dynamism in new construction design is great but there is something special about having past architectural styles intermingle with new ones. Just as the restoration of Art Deco in Miami Beach helped propel economic development, the same can be done in Flagler Street to boost retail activity with restorations, for example, at the Macy’s and Lerner buildings.

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Scrapped: Lynx

Image: Site of the canceled Lynx project

Although it’s old news, every time I pass by this property I think of what could have been. Chad Oppenheim would have been proud. The CBD would have been bolstered. Instead, we have a parking lot. Damn shame.

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Ian Schrager in Downtown Miami

Image: St. Martins Lane Hotel, London (exterior)

South Beach is familiar with the Ian Schrager effect: having elaborately thought-out forward-thinking luxury hotels (Delano and Shore Club) that add to the Beach’s mystique. One cannot appreciate Schrager-inspired creativity until you, not just enter, but stay in one of the hotels he founded. Although the Delano and Shore Club are no longer associated with Ian, the resonance of his style, organization, and hospitality philosophy remain. If South Beach is familiar with the Schrager effect, then NYC is the epicenter of it. In the Big Apple Schrager founded (currently owned by the Morgans Hotel Group):

Schrager also founded the St. Martin Lane Hotel and Sanderson Hotel in London, and the Mondrian Hotel in West Hollywood. He is currently beginning to involve himself in residential development under the Ian Schrager Company.

Image: Hudson Hotel, NYC

That being said, in late 2005, Schrager and a parter acquired three Riande Continental hotels: Orlando, Miami Beach, and Downtown Miami. The third of these is of the most interest. The Downtown Riande sits in the heart of the CBD at N.E. 2nd street and Biscayne Blvd. It’s across the street from Everglades on the Bay and two blocks from both 50 Biscayne and the site for the proposed Empire World Towers.

Image: Mondrian Hotel bar, West Hollywood

It has been rumored, but not substantiated, that he may sell all the Riandes. Since late 2005, Schrager has not made any moves, but with the exception of One Miami, none of the Biscayne Blvd buildings have fully occupied. The boom’s transition is still taking shape. It makes more sense for many reasons (construction noise, Biscayne Boulevard improvements, etc.) for Schrager to wait to make a move.

Downtown has none of the mystique South Beach possesses, but Ian Schrager can help change that with one of his signature hotels in the heart of it. We’ll have to keep an eye on the Downtown Riande, for if Schrager tranforms the site, then it will add an intriguing dimension to the Downtown storyline.

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BoB Prediction: Macy’s Downtown will Get Revamped

Image: Macy’s in downtown Cincinnati

Federated Department Stores, the nations largest operator of department stores, as recently as December of 2006 was threatening to pull its massive Macy’s out of Downtown Miami. The DDA and City officials intervened and the move has been halted for now. As Transit Miami had pointed out in late last December, the threat to pull out made no sense, because after a long period of neglect, Downtown is finally seeing a major surge in construction activity and infrastructure improvements. Now, in a move to further solidify its position in the Miami retail market, FDS is investing in its Lincoln Road Macy’s. It seems FDS made all the noise about leaving Downtown to get concessions from the City of Miami–at a time when the City is seeing a boost in tax revenue. The concessions seem to have been provided to FDS, quietly, since no more fuss has been made about the issue.

So, in consideration of the current news out of South Beach, I see it fit to make a prediction: FDS will revamp its Downtown Miami Macy’s store (the largest it has in S. FLA) within the next three years and will make it their flagship Miami store–similar to Macy’s on 34th street in Manhattan, Union Square in San Francisco, and Marshall Fields on State Street in Chicago. This revamp will follow the completion of the nearby Wind, Mint, Ivy, Epic (Dupont towers), Metropolitan Miami towers, and Icon Brickell towers–among others. The over sized and old department store is due a revamp as it is, and FDS cannot expect for the urban store to enjoy profitability in its current overall physical state. It is ideally positioned to capitalize off of Downtown’s rapid development and FDS is sure to plan for it–as they did in Cincinnati. To further speculate, it could be that FDS put pressure on the City for concessions back in December of 06′ to lay the groundwork for a large investment in the Downtown location down the road. The CBD’s existing and incoming residents will benefit most if BoB’s prediction is right.

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Museum Park Plans Questioned

According to Riptide 2.0 (The Miami New Times blog), Museum Park plans (Miami Art Museum and Museum of Science and Planetarium)are getting complicated by diverging viewpoints. At Wednesday’s public meeting in the PAC, a group called Neighborhoods United claimed that the plan did not include enough open park space. This was reiterated by several people in the crowd, including a group called Citizens Against Everything Bad. Some concern was based in part on an initiative that was voted on by City residents in 1974 that would ensure green space at Bicentennial Park.

These folks are thinking about an initiative that took place 34 years ago. 34 years ago the level of massive construction in Miami would have been unimaginable. Much has changed since then and basing their arguments on a 1974 vote seems like an archaic way of going about dealing with the current state of development affairs and planning for the future. This is not to say that past initiatives should be disregarded, but 34 years is a long time. In looking at Copper Robertson’s plans, there seems to be plenty of green space incorporated.

It is not a matter of discrediting the legitimate concerns of Neighbors United, but frankly, what is more important, more open space or larger world class centers of culture and learning? Apparently, these folks feel that the actual structures need to be scaled down in order to accommodate more green space. This would come at a high cost: a decrease in space for exhibitions, fewer lessons to be taught to our children, less art to be admired, etc. The emphasis needs to be on fostering culture and knowledge not having more space to have picnics and walk dogs. Certainly the plan should be balanced but more important are the museums themselves not the green space outside.

The City of Miami has several under utilized urban parks that need funds to improve their use. It would be a good idea to put pressure on the City to use added tax revenues for a more effective public parks master plan than it is to stress more green space in the proposed Museum Park. Bringing up these issues is constructive, but one must factor in the compromises that would have to be made in order to accommodate their requests. In doing so, most will see that the cost of facility reduction outweighs the benefits of more green space.

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Filed under BoB Articles, CBD: Financial District, CBD: Jewelry District, CBD: Overtown, CBD: Parkwest, Culture, News, Parks

I Don’t Want Cupcakes, but leave the Boulevard’s Royal Palms Alone!

Image of the Boulevard’s Royal Palms taken in 1949 (New York Times)

Several people were handing out cupcakes to drivers and pedestrians in Downtown Miami to protest the city’s plan to replace Biscayne Boulevard’s numerous Royal Palms with Live Oak trees. This has to be the most absurd piece of news I’ve heard in a long while. Are we in tropical Miami or mild Atlanta? Why Live Oaks? Apparently the Live Oaks will offer shade where the Royal Palms do not. What about the several skyscrapers that block out the sun for half of the day? There is no lack of shade just lack of reason. Leave the Royal Palms alone! They beautify the Boulevard, represent Miami’s climate, cost less to maintain, and are not as susceptible to hurricane force winds as the Live Oaks. Finally, these wretched Live Oak canopies will block my view of the skyscrapers from my car’s sunroof. Not cool.

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The Miami Bay/River Promenade: A Dream or Reality?

There has been much speculation concerning the construction of a Bay/ River walkway from the Miami River north to Margaret Pace Park. It was said that funding would come from the half-penny sales tax as well as a government bond. However, little has been published that would indicate that the project has gone past a feasibility study. Miami’s Downtown Transportation Master Plan makes reference to the walkway and extends it to Margaret Pace Park. Developers in the North Bayshore Drive area have told prospective buyers that the walkway would reach the park, but there is no confirmation that the walkway will be built—even less reach Pace Park, which would be the ideal scenario. This is important because the city may cut back funding and possibly reduce the scale of the walkway—in consideration of the looming property tax crisis.

Such a walkway would make the bay front area of the city much friendlier to tourists, residents, and visitors. It would significantly boost the value of the surrounding land and residences. It would benefit all the establishments on it or near it by providing easier access to and from them and stimulate business growth. It would provide an excellent pedestrian link from the Miami River neighborhoods to the bay front neighborhoods, thus creating a more connected urban community. The benefits are several and clear. So, then, what is the status of this project? Is there funding? Where is the money finally coming from? Is the project done being researched? There are many more questions surrounding this exciting proposal.

Pedro Martin’s Terra Group has plans to build a public walkway as part of their 63 story planned tower near the Venetian causeway. Currently, along the Grand and Marriot, there is something of a walkway. Pace Park has a sidewalk along the bay, but it is not a bay walkway. Bicentennial is well positioned to accommodate one—pending the outcome of the Museum Park plans. Bayside, for all intensive purposes, is one. Bayfront Park, already has a semblance of a walkway, although it would have to be modified. South of Bayfront Park stands the Intercontinental Hotel and One Miami projects, which will serve as the junction point between the Miami River and the Bay front area. There are, however, many physical obstacles in the way: the inlet next to the AAA, the I-395, and all the individual buildings and venues (many of which do not have any semblance a walkway). Additionally, there are so many infrastructure lapses and proposed initiatives that many in the city don’t currently care to entertain the idea of a walkway. All of the Miami River projects have been required to incorporate public river walk space into their schemes, thus making it easier to consolidate all the river walkways. However, it is not clear how or who will manage the walkway should it exist.

The bay/river walkway will serve as a sort “cherry on top” of Miami’s urban sundae if you will. It is not necessary but boy would it be a perfect addition. I do, however, not want to understate the potential significant impact such a project would have on the surrounding area. It will serve as a repository for tourists and visitors in downtown. The views of the buildings from the promenade will be some of the best in the city. It will certainly add to Miami’s emerging “world-class” status. The only problem is the lack of information. The DDA’s website has gotten much more user friendly, but does not contain much information on the plan. Miami-Dade’s website doesn’t do much better—it references the project as a bike path. The funding being designated at 1,000,000 seems too low–begging the question of whether this is a seperate similar project or linked to the promenade initiative. On this end, the information is incomplete, and the desire to attain it is serious. BOB will certainly devote quite a bit of time to uncovering the status, potential, cost, and other factors surrounding this vital project.

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Epic Gets Financing

MIAMI-Developers have secured a $280-million construction loan for Epic Residences and Hotel, a 55-story condominium and hotel project at 300 Biscayne Way. Construction began in July on the project, which is a joint venture between affiliates of Ugo Columbo, Lionstone Development and Ponte Gadea Group.

The loan, which was provided by Banco Santander Central Hispano SA and Mellon United National Bank, closed Nov. 10. Locally based Bilzin Sumberg attorneys Jim Shindell, Suzanne Amaducci, Robert Siegel and Lori Schumacher represented the developers in the negotiation and structuring of the loan. Israel Alfonso, of Baker & McKenzie LLP, represented Ponte Gadea. A White & Case LLP team led by John Murphy represented the lenders.

“This project had several suitors. The lender was chosen because of the close relationship it has with Ponte Gadea,” Shindell tells GlobeSt.com.

The architect on the project is Luis Revuelta, of Revuelta Vega Leon. The project will contain both condominiums and hotel rooms. The hotel will occupy 15 of the floors and contain 414 rooms. It will be managed by San Francisco-based Kimpton Hotels & Restaurants.

There will also be 342 one-, two- and three-bedroom condominiums ranging in size from 1,040 sf to 7,840 sf. The units are priced from the $500,000s. The project will contain a rooftop upper penthouse with entertainment rooms and a private terrace atop the tower. “There wasn’t any difficulty obtaining the loan,” Shindell says. “There was a presales requirement for the construction loan but it was lighter than other condominium projects due to the hotel component.”

Among building amenities are a 12,000-sf spa and fitness center, restaurants and lounges overlooking the Miami River and Biscayne Bay, a private boat dock, business center and two pools. Residents of the condominiums will be able to purchase amenities on an a la carte basis.

source: http://www.globest.com/news/782_782/miami/150625-1.html

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New Miami Skyline: Height/Density Distribution Charts

The Charts below are designed to track both the distribution of density and height of Miami’s proposed, under-construction, and recently topped off high-rise developments among three urban neighborhoods: Brickell Village, the Central Business District, and Uptown. Chart A, below, includes 97 of the newest and tallest projects in Brickell Village, Uptown, and the Central business District (CBD).

Chart A

Top 97 New Tallest

B. Village (red)

42 (43%)

CBD (yellow)

29 (30%)

Uptown (blue)

26 (27%)

Chart A indicates that Brickell is seeing the most development taking place. 43% of the newest high profile projects are in that neighborhood. Importantly, the Central Business District is not far ahead of Uptown. Only 3% percentage points separate the two. Let us take a look at chart B, below, which only factors in the tallest 20 new buildings.

Chart B

Tallest 20

B. Village (red)

8 (40%)

CBD (yellow)

9 (45%)

Uptown (blue)

3 (15%)

Chart B indicates that most of the top twenty tallest towers are being built in the CBD–9 in all. Brickell Village is not far behind with 8 projects in the top twenty. When it comes to the tallest of Miami’s new buildings, Uptown is far behind with only 3 in the top twenty. However, as recently as 3 years earlier, Uptown was barely a concept and would not have even been part of the discussion. Moving on to Chart C, below, which covers the tallest buildings after the top twenty up until about 102 on the list of new high density high rise developments, indicates some interesting patterns for Uptown.

Chart C

Tallest 20 – 102

B. Village (red)

36 (44%)

CBD (yellow)

20 (24%)

Uptown (blue)

26 (32%)

As you can see above, Brickell Village has the most developments with 44%, but Uptown is a surprising second with 32%. The Central Business District is last among the three urban neighborhoods. A decade ago, this would have been thought next to impossible. The Miami skyline has come a long way.

Importantly, the data indicates that although Brickell Village leads all three in development activity, it is by no means one sided. In fact, the new developments seem to be fairly evenly spread out–a pattern that has come to full fruition in places like New York City, Hong Kong Island, and Chicago. Miami, still has a long way to go, but is evolving in a rapid yet balanced manner that will render incredible results in the very near future. The Miami skyline, as it is turning out, will be quite wide or long (depending on how one views it), stretching from the most southern reaches of Brickell Avenue to the I-195 (Julia Tuttle Causeway). Based upon the anticipated new developments, there will be no obvious gaps in the skyline, at least from the Biscayne Bay vantage point. Currently, there are significant gaps as the skyline evolves.

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Filed under BoB Articles, Brickell Village, CBD: Financial District, CBD: Parkwest, Data, Maps and Illustrations, The Big Picture, Uptown: Edgewater, Uptown: Media & Entertainment (PAC) District, Uptown: Midtown Miami

Is the CBD Shifting to Brickell or Uptown? (Continued)

Defining a CBD 

What is a CBD? Central Business District: generally an area of intense commercial development in the center of an urban area. The CBD as defined in a transportation study may differ from the census definition. In the case of Miami, the CBD has always been in the Financial District where the Bank of America and Wachovia buildings reside. Now, with the dramatic influx of residential skyscrapers in the Financial District, the area is becoming less commercial and more residential. Within 3 years, residential and commercial skyscrapers will intermingle in a way that makes it difficult for the observer to employ the definition of a CBD as being mostly commercial. So then, 3 years from now, how will one determine where the CBD lies? Well, in the case of Miami, until a substantial commercial boom takes place, it is where there is the highest concentration of high rise density. Currently, the densest urban area remains the CBD.

However, Brickell Village is quickly coming into its own. Uptown, with several ambitious projects is not too far away from the CBD crown either. The only way to properly forecast where, or even if the CBD is shifting, is by gathering all the available existing and proposed building data and creating visual representations of the forecasted building density.

Above: Brickell Village Bar Graph-each bar represents a building that is either proposed, under-construction, or recently built. Right click to view full image.

Brickell Village’s Density 

Data can be misleading at times, whether it is in this case will soon be determined. I have employed the use of bar graphs that are designed to visually represent new building density in three neighborhoods, which will be the subject of this analysis: Brickell Village, CBD, and Uptown. According to the bar graphs (scroll down to view all), the current CBD seems to be in for an uphill battle, especially versus Brickell Village. BV has more new development taking place. The neighborhood’s newest buildings are going to be averaging the mid-500ft. level in height. There will be 7 buildings at, near, or above 800 feet in height. To put that in perspective, what was once the city’s tallest Wachovia tower is shorter than all of them. Already the city’s current tallest, the Four Seasons, is in Brickell Village.

Density is spreading west from Brickell Avenue towards South Miami Avenue and west along the Miami River. There are impediments to the growth, however. To the south west of Brickell Village is an upscale residential area called The Roads. This area will not be touched by the wave of high density developments, although it is likely to be sandwiched in-between high rises in Brickell Village and mid-rises on SW 3rd Avenue. Still, the area creates a development boundary. Such a boundary does not exist in either the current CBD or Uptown. Brickell Village is seeing some interesting commercial development taking place with projects like Mary Brickell Village but there are no other major retail complex developments worthy of note. The current pattern of growth, despite its impediments, is rapid and aggressive; certainly enough to keep the CBD on notice. Through an urban density standpoint, Brickell Village seems to be on pace to outpace both the CBD and Uptown to the north. So what chance does the CBD have at maintaining its current status when the development is clearly tipping towards the Brickell Village side of the scale? Well, first one must consider events taking place north of the I-395.

Density in Uptown and the M&E 

Below: Uptown density Bar Graph-each bar represents a building that is either proposed, under-construction, or recently built. Right click to view full image.

 

 

 

 

 

In Uptown, the Terra Group has massive plans for the 10 acres bordering the east side of the PAC, and even plans for the actual Herald property and the land next to the Venetia Condo. Add one 700+ tower in 1490 Biscayne and a total of seven 600+ footers in the area; an amount that would outdo the current CBD were it not for the CBD’s current rate of development, and you start to get the picture. However, the Uptown area has a healthy concentration of 500+ footers as well; nine in all. This is without mentioning the New York based Argent Group’s plans to demolish the Omni and possibly build up to seven 600+ towers on the site. The details are sketchy, but the implications are that the Argent Group plans to demolish in order to build big. Certainly, the Argent development combined with Terra’s 10 acre project and the other impressive projects nearby, make for a compelling argument that the CBD has a rival to the north as well. But most importantly, the Uptown area has an excessive amount of vacant land and under utilized land, which make new developments much more practical and cost effective to initiate and push forward. Add access to the PAC, proximity to both the Design District and Midtown Miami and the formula for success is clear. However, the Uptown area would have to see a sustained commercial development pattern outside of Midtown Miami, if it were to realistically vie for the CBD title, but even with the advent of the Terra Group’s City Square, the possibility is too far along the road to ponder.

Defending Downtown

In defense of the current CBD’s status, for one, the CBD currently has the most density. All future development will only add to an already fairly dense area. Additionally, there are big plans for the Financial District, which for argument’s sake, I’m combining with Parkwest. After all, Parkwest is situated next to the Financial District and is not separated from it by any obvious barrier except the rail road tracks adjacent to the Freedom Tower. Parkwest’s boundaries are blurred at best. In mentioning “big plans” for the CBD,  I mean: the Empire World Towers,  the Lynx development,  and the 3-phase Metropolitan Miami project. These projects are truly monolithic by any urban standards. The proposed EW Towers at 1,124ft are to be the tallest condominium towers in the world. The aforementioned multi-phase projects, excluding Met 1 and 2, average out at approximately 965ft in height.

Other developments such as Epic, One Miami, Everglades on the Bay, and the other Metropolitan towers contribute with two towers each. Importantly, Parkwest has served to supplement the CBD’s density to the North. Parkwest will boast two 700+ and three 600+ footers. An extremely important factor in determining the location of a CBD is identifying where major transit lines meet and people congregate. Having the American Airlines Arena, Bayfront Park, Bayside Marketplace, and Museum Park located in your neighborhood can be considered obvious points of massive social congregation. The Government Center, which is the closest Miami has to a Grand Central Station is located in the CBD, and most of the People-Mover tracks and stations run in and around the CBD. Through a transit standpoint, no other neighborhood can get close to the current CBD. Access to the Port of Miami is found only in the existing CBD, and there is no clear strong pattern of commercial development in Uptown, although a decent amount is taking place in Brickell Village.

Comparing All Three Areas 

However, a decent amount of commercial development is not going to make up for the Financial, Jewelry, Media and Entertainment District, and Courthouse Districts of the current Central Business District’s fold. Furthermore, the current CBD has more park space in Bicentennial (the proposed Museum Park) and Bayfront Park than its counterparts to the north and south. Parkspace is another important social congregation requirement in identifying a CBD’s location.

So maybe, after all, the visual data is misleading and the CBD is not going to shift north or south. Maybe despite there being a potential surpassing of building density in Brickell Village or even Uptown, the CBD simply has too many strategic variables in its favor; transit centrality, major civic centers, government facilities (local, state, and federal) and public parks. It is hard, if not impossible, to depict the social and transit advantages of the current CBD on a building height/density bar graph, but regardless the bar graph illustrates a compelling occurrence: the densification and expansion of the Miami skyline well beyond its current confines.

Below: CBD density Bar Graph-each bar represents a building that is either proposed, under-construction, or recently built. Right click to view full image. Continue reading past bar graph for additional notes.

 

 

 

 

 

 

 

 

 

Understanding the bar graphs:

I have taken a number of buildings, most of which are proposed or under construction, others which have just recently been topped off. This study has been aided by three bar graphs. Each bar graph is named after and represents one of three neighborhoods: CBD/Parkwest, Brickell Village, or Uptown. Each bar within the graph represents a building. The number scale on the left vertical margin of each bar represents height in feet. Therefore if a vertical bar reaches the 750 hash mark then the bar represents a 750ft. tall building in the neighborhood referred to at the graph title.

Side notes:

1. I have excluded most buildings on the Miami River both on the Brickell Village and CBD sides. I have done so because I believe that the riverfront development needs to be analyzed separately. The riverfront represents a different kind of neighborhood from its urban counterparts.

2. Not all buildings have been included in the bar graph. Certainly it was not necessary to display all building representations. For the sake of simplicity I have included each neighborhoods most significant developments. Typically, “most significant” means above 250ft in height; considering the level of development taking place that’s no small umbrella.

 

 

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Filed under BoB Articles, Brickell Village, CBD: Financial District, CBD: Jewelry District, CBD: Overtown, CBD: Parkwest, Data, Maps and Illustrations, The Big Picture, Uptown: Edgewater, Uptown: Media & Entertainment (PAC) District, Uptown: Midtown Miami, Uptown: Wynwood Arts District