“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
Here at SFBTN headquarters, we used to our roll our eyes every time a national broadcaster or journalist used “South Beach” when talking about all of Greater Miami. However, we have since come to accept and appreciate how international fascination with that funky little neighborhood south of Dade Boulevard helps keep our entire region in the spotlight. South Beach continues to evolve as a global destination for tourism, entertainment, dining, culture, shopping, and large-scale events, as evidenced by the return of the incredible South Beach Wine and Food Festival this weekend. In that spirit, we offer some delicious real estate news bites to sample, in this SoBe edition of South Florida By The Numbers.
105: Number of rooms in the first Hyatt Centric-branded hotel, set to open at 1600 Collins Avenue in April. Geared toward the growing Millennial market, Hyatt Centric is described as a full service lifestyle brand, offering a unique and modern take on its location, as well as a simple and easy guest experience. [The Real Deal]
$19.9 million: New listing price for the “Temple House”, a landmark South Beach property located at 1415 Euclid Avenue. A former synagogue that is considered the largest single-family home in South Beach, the landmark Art Deco property has been the site of a One Direction video, a Kardashian party, and events held by Jennifer Lopez, Jay-Z and other celebrities. The current owner bought the property in March 2003 for $1.125 million. [The Real Deal]
22,500: Square footage of Urban Box Self Storage, scheduled to break ground in June. Once completed, the facility will be located at 633 Alton Road, just off the exit ramp from the MacArthur Causeway. Due to its unique location at the gateway to South Beach, the facility won’t have a “typical boxy and boring self-storage design”, and will fit in with its stylish neighbors. [South Florida Business Journal]
$50 million: Price for four-floor penthouse at the Continuum South Beach 2, one of several new Miami Beach penthouses at or around that remarkable price point. While the Ian Bruce Eichner-owned apartment was built in 2002, its price tag reflects an optional $5 million restoration by noted Miami interior designer Steven G. [Forbes]
39,623: Square footage of a Whole Foods supermarket (in addition to a Wells Fargo branch, a 148-seat café, and 300 parking spaces) proposed by developer Crescent Heights at 1901 Alton Road. The four-story complex has drawn concern from the Miami Beach Planning Board over its size, design, and the traffic that it would generate. [The Next Miami]
This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.