#ellimanfl

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Related Group’s proposed Class-A office development on Miami Beach’s Terminal Island cleared the City’s Planning Board & now heads to the Design Review Board. One Island Park, designed by Arquitectonica, will include two 5-story office buildings with a rooftop café. Class A office space in Miami Beach is in scarce supply & with financial services & tech firms migrating here, Related President J.P. Perez says interest is high. Related has owned the 3.71-acre parcel on the southeastern tip of Terminal Island since 2013. The site is approved for cargo terminal operations which was its previous use. Initially, Related proposed a 25-story, 300-ft tall residential tower & then a taller, slimmer tower at 34 stories, 457 feet but following strong objections from the US Coast Guard, Related changed gears & in May last year proposed 2 small office towers “when the world was changing” due to COVID, Perez said. There was significant migration down to South Florida. There’s a lot of companies moving. CEOs, Chairmen buying houses, relocating their families, & they have nowhere to office in Miami Beach. There hasn’t been new product built in Miami Beach for at least 10 years, so there’s no supply. This would be meeting that new demand. The project will be good for the City of Miami Beach as it seeks to diversify its tax base away from a heavy emphasis on the tourism industry which has been hit hard by COVID & other events in recent years. The Planning Board approved a Certificate of Use Permit (CUP) required for developments over 50,000 sq. ft. One Island Park will contain approximately 161,671 sq. ft. of office space. Earlier this month, City Commissioners approved a height increase for the site from 40 to 75 feet, an increase the developer said was necessary to provide the 14-ft tall ceilings required by users of high-end office space. Renderings: Arquitectonica * * * #elliman #ellimancommercial #ellimanfl #commercialbroker #commercialrealestate #miamibeach #office #officedesign #miamibeachoffice #officegoals #officelife #officeinspiration #officestyle #officespace #officeinteriors #floridacommercialrealestate #floridacommercialmarketplace #floridacommercialgroup (at Miami Beach, Florida) https://www.instagram.com/p/CK1STTlJqno/?igshid=pld8ttdgatwz

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Arlo Wynwood Now Under Construction, Will Include 217 Hotel Rooms & ‘Hidden’ Music Venue. Arlo Wynwood has broken ground. It is the first hotel to break ground in Wynwood, according to Juan Andres Nava, a managing director at broker Metro 1. Nava posted news of the groundbreaking on social media and said that Metro 1 brokered the sale of the property. Arlo Wynwood will include 217 pod hotel rooms and ground floor restaurants and bars, all surrounding an interior courtyard. When complete, the building will also serve as an urban event venue, along with an 8,000 square foot “hidden” music venue. Public art will be displayed in the front of the building through an an open space on the 3rd level of the front façade. It will also serve as a public stage for events and yoga practice. The construction permit lists $29.6 millions in hard construction costs, with Plaza Construction the contractor. Only a site work permit has been approved by the city, for now. NBWW is the architect. * * * #elliman #ellimancommercial #ellimanfl #ellimanagents #commercialbroker #commercialrealestate #commercialconstruction #multifamily #multifamilyinvesting #multifamilyrealestate #multifamilyhousing #miami #miamibeach #wynwood #wynwoodmiami #crenews #douglasellimancoralgables #listingspecialist #listingbroker (at Coral Gables, Florida) https://www.instagram.com/p/CJ_RkxkJl5l/?igshid=mzj31k6hpwii

[moyssidis]

Major home office love 💕 very feminine and I love the lots of light coming into the room. Need an extra room for a home office? We have a residential agent that can help you find the house of your dreams. Contact me for more information. * * * #elliman #ellimancommercial #ellimanfl #ellimanagents#commercialbroker #commercialrealestate #homeoffice #homeofficedecor #homeofficedesign #homeofficeideas #homeofficegoals #homeofficelife #homeofficeinspiration #officestyle #officespace #officedesign #officeinteriors #floridacommercialrealestate #floridacommercialmarketplace #floridacommercialgroup (at Coral Gables, Florida) https://www.instagram.com/p/CJ8aRqSJk91/?igshid=16foussca71kp

[moyssidis]

Kushner Cos. Updates Miami OZ Project As Jared & Ivanka Eye City. The first Kushner Cos. projects in Miami, one of which is in an opportunity zone near the waterfront, will break ground next year after the coronavirus pandemic put the projects on hold, according to Kushner President Laurent Morali. The company plans to start work first, probably in Q1 2021, on 127 Northwest 27th St./129 Northwest 26th St., a development w/150 market-rate apartments & a small amount of commercial space in the Wynwood district. After that, Kushner Cos. will break ground on the 1st of 3 planned market-rate apartment towers at 1900/2000 Biscayne Blvd., though the exact date hasn't been set yet. The latter project is in a triangular-shaped opportunity zone extending north to south not far from the waterfront, but not including the waterfront. 1 of 89 opportunity zones in metro Miami-Fort Lauderdale, the zone's median household income is about $51,700 per year, with 28% of its residents below the poverty line. For investors, it could take a decade to know whether the benefits of a particular OZ deal will pan out. Complicating those bets is that the OZ program might change under the incoming Biden administration. The president-elect's reform plan includes more robust reporting requirements on the impact of OZs, new restrictions on what projects can receive tax benefits, & incentives to involve local community organizations in OZ-based projects. In the meantime, the question for any multifamily developer in metro Miami is how much demand there will be for new product. Until the pandemic hit, demand seemed fairly robust: over 8,500 units were delivered to the market in 2019, while a net of more than 9,300 units were absorbed that same year, according to CBRE data. Where many major U.S. markets have experienced significant rent drops, Miami’s multifamily rents have remained fairly stable, adding that CBRE’s Econometrics Advisors predicts that apartment rents & vacancy rates in #Miami will outperform the U.S. average over the next couple of years. * * * #elliman #ellimancommercial #ellimanfl #ellimanagents #multifamily #multifamilyinvestor #multifamilydevelopment #listingspecialist (at Miami, Florida) https://www.instagram.com/p/CJR1iQCJ5mO/?igshid=114vqbdsgqphe

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Multiple national franchise brands plan Florida expansion. Franchises are flourishing in Florida — and 2021 could be an even bigger expansion year for several national entities in the state and region. Mooyah Burgers, Fries & Shakes • Current Florida locations: 4 • Available Units: Up to 30 • Total Potential Jobs: 600 Famous Toastery • Current Florida locations: 0 • Available Units: 10-12 • Total Potential Jobs: 350 Big Blue Swim School • Current Florida locations: 0 • Available units: Up to 20 • Total Potential Jobs: 700 Footprints Floors: • Current Florida locations: 1 • Available units: 22 • Total potential jobs: 22+ Pandemic aside, executives said in recent interviews, all point to the state’s growing population trends as the core reason for coming to town. And not only more people, but people with thicker wallets. * * * #elliman #ellimancommercial #ellimanfl #ellimanagents #commercialbroker #commercialrealestate #floridacommercialmarketplace #floridacommercialrealestate #retailspecialist #franchiseowners #retailplaza #shoppingplaza (at Miami, Florida) https://www.instagram.com/p/CJLvp5TpfP0/?igshid=tm2sbqqdwy91

[moyssidis]

When one door closes, another one opens, even a window! Be persistent and consistent. * * * #elliman #ellimanagents #ellimanfl #ellimancommercial #mondaymotivation #motivationalquotes #motivation #motivational #motivated #quotes #quoteoftheday #quotestoliveby #quotestagram #quotesaboutlife #quotesdaily #quotesoftheday (at Miami, Florida) https://www.instagram.com/p/CIyQeSrJm9l/?igshid=1jll66e587psr

[moyssidis]

Always keep moving forward. Decide. So do it. Decide. Is this the life you want to live? Is this the person you want to love? Is this the best version you can be? Can you be stronger? Kinder, more compassionate? Decide. Breathe in. Breathe out and decide. * * * #elliman #ellimanagents #ellimansfl #ellimanfl #ellimancommercial #listingagent #listingspecialist #commercialbroker #businessbroker #floridacommercialrealestate #floridacommercialmarketplace #floridacommercialgroup #multifamilyspecialist #multifamilyinvesting #multifamilyrealestate #multifamilyinvestor #mixedusedevelopment #mixeduseproject #retailspecialist #retailproperty #industrialrealestate #landacquisition #miami #miamicommercialrealestate #coralgablesrealestate #westpalmbeachrealestate (at Miami, Florida) https://www.instagram.com/p/CIqQvBDpUbp/?igshid=tgruz9ohfowf

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Goldman Sachs May Move Asset Management Unit To Florida Financial powerhouse Goldman Sachs is reportedly considering relocating one of its major divisions to Florida after remote work this year has shown leaders some roles could be moved out of expensive New York City. The move would apply to the investment bank's asset management arm, Bloomberg reports. Executives have been looking at office locations in places north of Miami like Palm Beach County and Fort Lauderdale, as well as talking to local officials and examining the tax benefits of the state. No decision has been made, however, and Goldman could also move the division to another low-cost city like Dallas, according to Bloomberg. “We are executing on the strategy of locating more jobs in high-value locations throughout the U.S., but we have no specific plans to announce at this time,” a spokesman for Goldman Sachs said in a statement to the publication. The company is planning to save $1.3B, in part by moving employees to cheaper places. If it does happen, it would strike a blow to New York City’s status as the financial capital of the world and mean more high earners — whose tax dollars the city budget badly needs right now — would be leaving. Locals have been warning for some time that the city needs to work harder to hold onto cash-rich companies that have helped drive its prosperity, particularly in light of Amazon’s decision last year to halt plans to build a headquarters in the city. It wouldn’t be the first major financial firm to leave for the Sunshine State. Paul Singer’s Elliott Management Corp. is moving its headquarters to West Palm Beach from Manhattan. Carl Icahn signed a lease last year to move Icahn Enterprises out of its New York City and White Plains offices and into a Sunny Isles Beach building. Blackstone Group also announced plans to open an office in Florida earlier this year. * * * #elliman #ellimancommercial #ellimanfl #ellimanagents #commercialbroker #commercialrealestate #commercialproperty #officespace #officedecor #officeinspiration #floridacommercialrealestate #floridacommercialmarketplace #floridacommercialproperties #miami #miamibeach #listingagent #listingspecialist (at Miami, Florida) https://www.instagram.com/p/CIlbp0uJD2X/?igshid=1iyxh22ofjiud