News
VIRGIN TRAINS (BRIGHTLINE) SECURES FUNDING IT NEEDED FOR MIAMI-ORLANDO HIGH SPEED RAIL CONSTRUCTION AFTER INVESTORS ‘WOWED’
Brightline – which is now known as Virgin Trains – has raised the funding it needs to build a high speed rail line from Miami to Orlando from investors. In the past three weeks, 67 investors have lined up to buy the $1.75B in tax free bonds that had been approved by...
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REVEALED: 49-STORY TOWER PLANNED AT 400 BISCAYNE
PMG and Greybrook have submitted plans to build a 49-story tower at 400 Biscayne Boulevard, across from Bayside Marketplace. The new proposal is one block away from the recently completed X Miami tower, which was said to already be nearly full, just months after...
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MIA GETS NEW FLIGHTS FROM ROYAL AIR MAROC & NORWEGIAN, WITH PASSENGER TRAFFIC UP 6% THIS YEAR
Miami International Airport added two new flights in the past week, including one to a continent that was previously unserved. Royal Air Maroc launched the first ever flights from Miami to Casablanca on April 3. The service will initially operate three times weekly,...
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Tampa, Miami, Orlando Make Florida the Heart of US Retail Rent Growth
Florida is the center of retail rent growth in the United States, a sign the tourist-centric state may be benefiting from visitors amid the changing landscape of stores and restaurants. Tampa Bay, Miami-Dade County and Orlando rank among the top six regions in the...
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BRAZILIAN BILLIONAIRE BREAKS GROUND ON 57 OCEAN CONDO TOWER, WHERE UNITS COST UP TO $31 MILLION
Construction is now underway on the 57 Ocean condo tower in Miami Beach, after a groundbreaking ceremony held April 4. A $3 million sales gallery was also inaugurated at the event. Prices start at $1.5 million, and range up to $31 million for a penthouse. Unit sizes...
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NEW RENDERINGS OF BECKHAM’S INTER MIAMI STADIUM, AFTER SOFTBANK ANNOUNCES OFFICE FOR $5B FUND HERE
Inter Miami CF released a video today that showed new renderings of a stadium proposed at Miami Freedom Park. In the new video, a roof appears to shield most fans from sun and rain while leaving the field under open air, in a concept similar to that at Hard Rock...
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MSC TO BUILD PORTMIAMI’S BIGGEST EVER CRUISE TERMINAL, WITH DESIGN INSPIRED BY ITALIAN YACHTS
PortMiami, which is already the top cruise port in the world, will be getting its biggest ever cruise terminal from MSC Cruises. The new terminal will be 350,000 square feet, more than double the size of Royal Caribbean’s newly completed 170,000 square feet “Crown of...
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PHOTOS: PROTECTIVE FILM REMOVED AT PARAMOUNT MIAMI WORLDCENTER TO REVEAL GLASS
Parmount Miami Worldcenter is getting closer to being ready for move ins. The 60-story, 700-foot tower is being designed by Elkus Manfredi Architects of Boston, along with local firm ODP Architects. Developers said in January that 85 percent of units had been sold....
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PHOTOS OF NEWLY RENAMED VIRGIN MIAMICENTRAL, WHERE FOOD HALL WILL SOON OPEN
These photos show the MiamiCentral rail, office, retail and residential hub in downtown Miami, where rebranding with the Virgin name is now complete. CentralFare food hall will open on the second level of the development within weeks, starting with Rosetta Bakery (not...
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OVERWHELMING’ DEMAND FOR APARTMENTS AT SOLEMIA, WITH VIEWS OF MASSIVE MAN-MADE LAGOON
SoleMia is said to have been breaking apartment leasing records in Miami – in part thanks to a massive man-made lagoon built at the development. Since opening seven weeks ago, 82 out of 200 units have been leased. Leasing agents say they feel overwhelmed by the volume...
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RENDERINGS OF BIGGEST PROJECT EVER IN CORAL GABLES, NOW RISING
Construction is underway on the the largest project ever built in Coral Gables, valued at $600 million. The Plaza Coral Gables (formerly called Mediterranean Village) will include 2.1 million square feet of space, spanning seven acres and three city blocks. It will...
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PHOTOS: GROUND FLOOR OF PARAMOUNT MIAMI WORLDCENTER, INCLUDING RETAIL SPACE LINING PROMENADE
Here’s what the ground floor of Paramount Miami Worldcenter looks like as of this week. The space will be lined with retail, as seen in the below renderings of the promenade being built. Completion of Paramount is on track for May 2019. Source: the Next...
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