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Archive for the 'Neighborhood News' Category
Beaux Arts Festival Is This Weekend
The 59 Annual Beaux Arts Festival of Art is this Saturday on Sunday at the Lowe Art Museum on the University of Miami campus.
This event counts towards on of the New Year’s Resolutions For South Floridians.
New Year’s Weekend 2010
In case you are planning to party the entire New Year’s weekend, you may want to consider taking in The Coconut Grove Art Stroll on January 2, 2010 from 7-11 p.m. It promises to be fun but not too high key if you are still recovering from the 31st.
Miami Office Space – Huge Inventories Are Around The Corner
Just when we start making a dent in the huge inventories of residential condo units in downtown Miami, we are about to be flooded by commercial office space. Several projects are coming on line next year, resulting in approximately 2 million square feet of office space. Under good economic circumstances, the normal absorption rate of office space is around 250,000 square feet. Needless to say, tenants are going to have a favorable advantage for negotiating leases for a very long time.
Miami Real Estate – Marina Blue Condominium
Port of Miami
This is one of the many beautiful views from the 516-unit Marina Blue Condominium on Biscayne Boulevard. This brand new building sits directly across the street from the Port of Miami, Miami Arena, and site of the future Miami Art Museum. It is walking distance to Bayfront Park, Bayside Marketplace and the Adrienne Arsht Center for the Perfoming Arts. Convenient to South Beach (see it the the background to the left), Miami International Airport (15-20 minutes), and Brickell. Easy access to public transportation.
There are currently 39 units listed on the MLS ranging in price from $299,00o for a 950 square foot, one bedroom one-and-a-half bath unit up to $3.3 million for a 4,198 square foot three bedroom three-and-a-half bath unit on the 57 floor.
Pinecrest Farmer’s Market Is Full of Color
The Pinecrest Farmer’s Market at Pinecrest Gardens has been open every Sunday since December and I finally got by this weekend. It is open every Sunday from 9-2 p.m. through April, and I plan on being a regular. In addition to the fresh fruit and vegetables that are grown locally, there are food vendors with everything from conch to tropical ice cream, herb and vegetable plants for the home gardener, spices, and green products to clean your home or make it more energy efficient. My favorite part was the burst of color all around me. I know where I will be shopping for my produce for the next several months.
Icon Brickell To Be Turned Over To Lenders
Icon Brickell, the three-tower 1800-unit complex with views of the Miami River and gorgeous grounds is being turned over to the developer’s lenders in a friendly foreclosure. Only two of the three towers have been built.
Miami Beach Real Estate – North Shore Makes National Register of Historic Places
Miami Beach’s North Shore District boundaries are 73 street to the south, 87 street to the north, the Atlantic Ocean, and Crespi Boulevard to the west. This funky area of Miami Beach has long been in the shadows of South Beach and did not enjoy much improvement during the building boom. That is actually good news because it means many of the area’s Miami Modern, or MiMo, buildings were saved from the wrecking ball.
Now that North Shore is on the National Register of Historic Places, city officials hope that interest in the area will increase and that the MiMo buildings will be rehabilitated and restored.
What is your favorite MiMo building in Miami Beach?
South Beach Real Estate – Continuum Condo Market Update
This gorgeous oceanfront development on 12 acres is a true vacation destination, even if you live here year round! The Continuum, in Miami Beach’s South of Fifth neighborhood, currently consists of two condo towers and several lofts. The North Tower is 50 S Pointe Drive and the South Tower is 100 S Pointe drive.
The market information as of today for 2 bedroom units in each of the two towers is as follows:
- The average price per square foot for 2 bedrooms sold this year in 50 S Pointe is $ 716. At 100 S Pointe the average is $652.
- 36 2-bedroom units currently for sale in Continuum (both towers)
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17 in 50 S Pointe (2008)
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19 in 100 S Pointe (2002)
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4 are townhomes/lofts
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Highest list price is $3.299 million for a townhouse
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Lowest list price is $1,150,000 for unit 1901 at 100 S Pointe
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9 2-bedroom units have sold this year in 50 S Pointe. Highest sales price was for Loft-1. It sold for $1,700,000, $732 per square foot, on 9/29. The lowest sale was unit 805. It sold on Sept. 25 for $900,000 or $452 per square foot. Highest per square foot price $838 for unit 1404. Lowest price per square foot was unit 805 at $452. There are currently no pending sales in 50 S Pointe.
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10 2-bedroom units have sold this year in 100 S Pointe. Highest price was unit 804 at $2,325,000 or $1014 per square foot. Lowest was unit 605 at $940,000 or $502 per square foot. Those are also the highest and lowest prices on a square foot basis. There are two pending sales. One is listed at $1034 per square foot the other at $931.
Coconut Grove Art Stroll
I know Art Basel isn’t quite over, but if you want to see local art, join in the Coconut Grove Art Stroll tomorrow night from 7-11 pm.
Miami Beach South of Fifth Condos – Direct Ocean Views!
There are currently 23 one to 3 bedroom units on the market in the South of Fifth area of Miami Beach. This is a great area of Miami Beach to be near every thing without being too close to the night clubs and heavy tourist area. Your neighbors include Joe’s Stone Crab, The Big Pink, Nemos, Prime 112, Nikki Beach, Smith and Wollensky, DeVitos, Opa, and many more restaurants. The shopping along 5th street, including the new Publix, make leaving your car at home easy. Plus you have miles of beach for walking, jogging, or just soaking up the sun, and great parks nearby.
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