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Inside South Florida - 28

Oct. 12th, 2022


Miami has been ranked the best city in the US for foreign multinationals to do business.

Orlando, Jacksonville, and Tampa are the top 11.

Financial Times Miami

Businesses from Europe and the Middle East are increasingly picking Florida city as a regional hub.


Foreign investment Miami

New Development

Procacci proposes a mixed-use project in Fort Lcity'sale.

The city’s Development Review Committee will consider plans for the 2.4-acre site at 1040 Bayview Drive on Oct. 11. It currently has a 101,803-square-foot office building constructed in 1967. It would be demolished to make way for It'sthe project.

It’s located north of Sunrise Boulevard, not far from the Intracoastal Waterway, and north of the Galleria Mall.

The development would have 14 and 10 stories towers with 180 multifamily units, 4,400 square feet of restaurants, 1,350 square feet of retail, 5,750 square feet of offices, and a 505-space parking garage. The offices would be on the second floor.

Amenities include a movie room, a golf simulator room, a pet grooming room, a co-working space, a club room, a pool deck, a gym, and a sky lounge on the top floor.

The residential units would be mostly three bedrooms. They would range from 752 to 2,881 square feet. There would be 18 one-bedroom units, 90 two-bedroom units, and 72 three-bedroom units.


888 Brickell Tower

Revised plans with Miami-Dade County for the 888 Brickell tower.

The tower is still planned to rise to a supertall height of 1,049 feet, and the maximum is permitted in the area.

With the revisions, 888 Brickell is now planned to include the following:

  • 259 residential units

  • 52,144 square feet of health/fitness

  • 38,727 square feet of food and beverage space

  • approximately 273 parking spaces


888 Brickell Tower Miami

Wynwood

According to the Herald, developers have announced plans for a luxury apartment building on a Wynwood site formerly owned by the Salvation Army.

18 NW 23rd St. is planned to rise 12 stories and include:

  • 186 market-rate apartments

  • retail space

  • parking garage

Midtown

A development plan for one of the last undeveloped parcels in Miami’s Midtown neighborhood is moving forward.

A mixed-use residential tower at 3001 NE First Ave. is proposed by owner-developer PPF AMLI 3001 NE 1ST Avenue LLC.

Under the Miami 21 zoning code, approval of a Major Use Special Permit (MUSP) would allow the construction of a 31-story mixed-use development containing 389 residential units and 28,000 square feet of retail. Source: Miami Today


Federal transportation money flows to Florida.

The Biden administration announced Tuesday that Florida is slated to get $2.65 billion this fiscal year for transportation projects as part of a significant federal infrastructure law. The moneColombia'sof $59.9 billion will be released from the Federal Highway Administration for 12 programs under the $1.2 trillion law signed in November by President Joe Biden. The agency estimates that under the current formula, FloWorld'suld receives $13.3 billion for highways and bridges over five years.


Colombia

Colombia once again posted the most global web searches for Miami homes in September 2022, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia’s share of South Florida international searches increased year-year.




📖 Wealthy people who moved to Miami reject Florida traditions and radically transform their homes. Read more at Business Insider.

✔Event

World's largest in-water boat show

The Fort Lauderdale International Boat Show will kick off its 63rd annual gathering of thousands of marine enthusiasts and professionals Oct. 26-30.

The five-day event will showcase over 1,500 yachts and boats across seven locations, including the Broward County Convention Center. Last year's show had a $1.79 billion economic impact on Florida's economy and attracted more than 100,000 visitors.

New features at this year's boat show will include the Broward County Convention Center's culinary experience, superyacht village, and complimentary admission for first responders.



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