The Real Deal Miami

Posts Tagged ‘city of miami’

  • New design hasn’t yet advanced Berkowitz museum

    Design includes two six-story buildings with about 36,000 sf of gallery space
    July 19, 2015 02:00PM
    Bruce Berkowitz

    Bruce Berkowitz

    Fairholme Capital hedge fund manager Bruce Berkowitz is still struggling to build an art museum in Miami as the city government sends mixed signals about the planned project.

    “Either I’m doing something wrong, or the process is broken,” Berkowitz said.

    Among other frustrations, Berkowitz said, after complying with one city agency’s request to cut foliage and secure vacant buildings at the development site, another city agency accused him of breaking municipal rules.

    The proposed museum at Biscayne Boulevard and 26 Street and would serve as a showcase for two large-scale works of art that Berkowitz bought: Aten Reign by James Turrell and Passage of Time by Richard Serra. [more]

  • Related donates Icon Bay park in Edgewater to city of Miami

    Icon Bay Park will be next to 42-story, 301-unit Icon Bay tower
    May 06, 2015 03:00PM
    Rendering of Icon Bay in Edgewater

    Rendering of Icon Bay in Edgewater

    The Related Group donated a park to the city of Miami, adjacent to the 42-story, 301-unit Icon Bay development.

    Icon Bay Park, at 455 Northeast 28th Street, will be designed by ArquitectonicaGEO, and will include water fountains, and exotic and native plants, according to Icon Bay’s website. City of Miami commissioners accepted the deed on April 23, a publication reported.

    The owner, PRH NE 28th Street LLC, reportedly agreed to cover all costs associated with the property transfer, including the survey, environmental report, title insurance and closing costs, according to Miami Today. PRH, which stands for Perez Ross Holdings, will maintain the park, which will eventually be connected to a planned public walkway called the Biscayne Line. [more]

  • City of Miami trying to annex 1,600 acres

    11K residents living in area, and tax base of $1.3B in 2013
    January 23, 2015 11:15AM
    Miami River

    Miami River

    This week, the city of Miami began a lengthy process of trying to annex about 1,600 acres near the Miami River and Miami International Airport — including valuable neighborhoods that are home to about 100 international corporations such as Burger King and Toyota. [more]

  • Tensions sky-high over SkyRise funding

    Mayor, developer knocking heads over request for public money
    October 23, 2014 12:45PM

    Rendering of 1 SkyRise MiamiThe soaring $430 million SkyRise Miami tower hasn’t started construction yet, but it’s already generating considerable controversy over public subsidies for private companies.

    Plans call for the building to rise 1,000 feet in the sky with a canopy shielding an amphitheater on Biscayne Bay, according to the projections of developer Jeff Berkowitz. Initially, Miami Mayor Tomás Regalado was on board with the project. But according to an article in the Miami Herald, tensions between the developer and the mayor boiled over after Berkowitz decided to seek millions in public funding. [more]

  • Miami’s lawsuits against Bank of America, Citigroup tossed

    City claimed lenders targeted minorities, caused tax base to plunge
    July 11, 2014 09:45AM

    Gavel-new315-304A federal judge tossed lawsuits filed by the City of Miami against Bank of America and Citigroup over alleged predatory lending practices.

    The city claimed the banks essentially caused a foreclosure crisis by targeting minorities and led to its tax base plunging. But Judge William Dimitrouleas ruled Wednesday that Miami did not have grounds to sue Citigroup for economic losses. The judge made a similar determination Tuesday in the Bank of America case. [more]

  • CBRE study gives Miami green thumbs up

    City now ranks ninth in US for green commercial real estate
    June 26, 2014 05:15PM

    From left: LEED Silver certification, LEED Platinum-certified Adventura Optima Plaza

    Miami might have been slow to embrace more sustainable and energy-efficient building standards, but according to a new study, the city has raised the bar for green commercial real estate. [more]

  • Marina operator blasts City of Miami for lease default

    Melwani family attorney says officials abused power to oust them from Rickenbacker
    April 28, 2014 12:45PM
    Rickenbacker Marina

    Rickenbacker Marina

    The operator of Rickenbacker Marina blasted the City of Miami for allegedly scheming to get rid of the boat storage company in advance of a large redevelopment of the marina. [more]

  • Marina sues City of Miami over lease

    Operator claims it is being forced out of longtime Virginia Key location
    April 16, 2014 03:45PM
    Rickenbacker Marina

    Rickenbacker Marina

    Rickenbacker Marina is in heated litigation with the City of Miami over the boat storage company’s lease for its longtime location on Virginia Key. [more]

  • Miami sues major banks over predatory lending

    City claims Fair Housing Act violated in federal lawsuit
    December 20, 2013 12:00PM

    gavThe City of Miami believes three of the biggest banks in the world violated the Federal Fair Housing Act.

    A federal lawsuit has been filed by the city against Bank of America, Citigroup and Wells Fargo over alleged predatory lending, the Miami Herald reported. The city claims it has lost substantial property tax revenue from foreclosures filed by the banks. The lawsuit accuses each bank of regularly giving loans to minority borrowers in the city under different terms than white borrowers over the last decade. [more]

  • filmwebA New York venture is in negotiations with the City of Miami to design a production studio north of downtown Miami.

    The board of the city’s Omni Community Redevelopment Agency chose a bid from EUE/Screen Gems for the $10 million studio facility in the Omni area north of downtown, Miami Herald reported. City officials want a building at 50 NW 14th Street to be rehabilitated into the “Miami Entertainment Complex.” The goal is to increase the volume of television shows and movies that are shot in Miami. [more]