15 Sep 08 Miami World Center Impact on Miami’s Park West and Arts District

Welcome back!

 

I’ve been keeping up with the comments that have left on numerous forums & blogs about the Arts District and Park West.  While the area has been changing rapidly, I do not deem this area “safe” or “desirable”.  Although some bloggers discount the “undesirables” as simply “shady characters that all large cities possess”, the reality is most people do not want to live in such close proximity to this element of society.  In the center of Park West, on NE 2^nd Ave and NE 7^th Street, is Camillus House which serves the homeless of Miami.  Today, in downtown Miami there is only one block separating luxury condominiums such as Marquis, Ten Museum Park, 900 Biscayne and Marina Blue from Camillus House. Until this facility is relocated to another part of the city, I don’t see how the desirability of this area will improve.    My point is that this process is going to take much longer than most people expect or are hoping.   Eventually however, this will happen. There are several major project in the area that will have a significant impact, the most notable of which is Art Falcone’s Miami World Center development.  Check it out.  Miami World Center 

Tags: 900 Biscayne, Marina Blue, Marquis, Miami World Center, Ten Museum Park

24 May 08 Marina Blue: Condo Review

Walk into the three-story lobby, and it is clearly obvious that in just about every way, Marina Blue is superior to its sister building Blue Condo.  From the street, Marina Blue has to be one of the most stunning buildings in Downtown Miami.  On the amenities level, one will find the best pools in the neighborhood.  Located on the southeast and northwest corners, these two large pools experience direct sun throughout the day.  Furthermore, at Marina Blue you will find a large fitness facility, sauna, steam, and hot tubs all facing the bay.  Although the units are smaller than those found at Blue Condo, Marina Blue units make up for the difference with their direct bay views.  There is not a unit at Marina Blue that doesn’t have great views.  Finally, in contract to the 1 space per unit limit at 50 Biscayne, there is the option to purchase additional parking spaces.  I think this is a monumental difference as most people who will own a two or three bed condo will likely have more than one car.

Tags: Marina Blue

16 Feb 08 Marina Blue Granted TCO

On February 9, 2008 Marina Blue was granted a TCO (Temporary Certificate of Occupancy) allowing the Hyperion Development to finally start closing the much anticipated Downtown Miami condominium.  Expect the first closings to take place in March.

Tags: Downtown Miami, Hyperion Development, Marina Blue

17 Jan 08 The 1800 Club Condominium Opens its Doors

2008 Is sure to be an exhilarating year in Miami Real Estate.  With the majority of the new construction condos closing this year, there air is ripe with anticipation.  Renters in particular have much to look forward to with a variety of new luxury options coming to market.  For example, the 1800 Club which recently started its closings, offers an A location with A+ views.  Expect rental rates near $1400 for 1-beds, $2000 for 2-beds, and $2800 for the 2200 sq ft 3-beds.  The 1800 Club sits on Margaret Pace Park, a little know waterfront public park on Biscayne Bay just 4-blocks from the Venetian and 395 Causeways.  Views are spectacular as you can see from this 20th floor photo taken from the 11-line.

Regarding units for sale, expect typical prices of 1-beds to be in the $225 to $300k range (840 or 1095 sq ft), 2-beds in the $310 to $450k range (west/east views), and 3-beds in the $700’s.  I consider the 1800 Club to be in the same league as One Miami, Midtown, Quantum, 50 Biscayne, and Marina Blue to name a few. 

Tags: 1800 Club, 50 Biscayne, Margaret Pace Park, Marina Blue, Miami Real Estate, Midtown, One Miami, Quantum