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Blog

February 23, 2022
Wynwood 29 Apartment Project Tops Off

Another big Wynwood apartment project has topped off.
Wynwood 29 actually includes two buildings, one at 12 stories (178 feet) and another at 8 stories, on opposite sides of the street
The combined project will include:

248 apartments

26,651 square feet of retail

372 parking spaces

Related Group and Metro 1 are the developers, Arquitectonica is the architect and Beauchamp Construction is the contractor.
(source: thenextmiami.com, rendering: Beauchamp Construction)

by Riccardo Ravasini
February 22, 2022
Miami Has Now Become “The Most Important City In America”

Miami has become the most important city in America, FT Magazine has declared.
The city is now considered to be a “paradise of freedom,” attracting people from everywhere and of every political persuasion, the magazine wrote.
Many of the new arrivals are now attracted by the open environment in the city, in addition to the usual attractions of low taxes and good climate.
“The Miami Movement,” as mayor Francis Suarez calls it, gained momentum when Covid hit, and has grown so large that it has changed the city in a way …

by Riccardo Ravasini
February 21, 2022
Planet Hollywood returns to NYC with new Times Square location

Since opening its original location on West 57th Street three decades ago, Planet Hollywood’s long-term success rate in its home city has proven spotty. But owner Robert Earl hopes the third time will be the charm.
Earl Enterprises, the restaurant chain’s parent company, has signed a lease for 17,500 square feet across four floors at 140 West 42nd Street; the restaurant will occupy the lowest floors of the building.
Planet Hollywood was a hot ticket in the early 1990s, when the likes of Arnold Schwarzenegger and Sylvester Stallone put a public face …

by Riccardo Ravasini
February 18, 2022
Manhattan Rental Market Report

There were 3,159 New Lease Signings in Manhattan in the month of January -49.5% from the same period last year, dipping below the decade average as listing inventory continued to collapse as prices reached record levels.
The Median Rental Price was $3,550, up +18.3% from the previous year, while the Net Effective Median Rent, the face rent, surged year over year by a record +23.3% to $3,467, the second-highest level reached in a January. This price trend indicator continued to be on par with the two years ago levels, before the pandemic, for the second straight month.
The Average per Square Foot Rent was $74,83, …

by Riccardo Ravasini
January 2, 2022
Downtown Miami gets influx of firms, boosting apartment rental prices

The downtown Miami office market continued to expand over the past year, despite the pandemic, increasing the number of people living close to work and boosting residential rents in the area.
Downtown added 17 new companies that opened offices between fall 2020 and June 2021, and they are expected to bring 1,835 jobs to the city in the next three years. In exchange, the firms are eligible to receive up to $150,000 each from the city over three years depending on the number of people they employ here.
The average rent for all units …

by Riccardo Ravasini
December 30, 2021
City’s tallest warehouse could be coming to Queens

The Goodman Group, an Australian company that owns what’s billed as the largest logistics center in the world is coming to Long Island City, where it could develop the city’s tallest warehouse.
Design sketches in the marketing materials show a building of nearly 700,000 square feet across five above-ground floors. Several of those floors, though, are double-height. So from the street, the building would appear to be as tall as roughly an 11-story office building.
(source: therealdeal.com, picture: Juan Carmy)

by Riccardo Ravasini
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