Thousands Sign Petitions Against Walmart Development on Endangered Pine Rockland

Categories: Unreal Estate

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Photo via ramrealestate.com
Coral Reef Commons
Leslye Jacobs is a longtime environmental advocate and a once-proud University of Miami Hurricane. But two weeks ago, when she learned that the university had sold a swath of endangered pine rockland forest to a Palm Beach Gardens-based developer that planned to build a Walmart, Jacobs, the director of an education nonprofit, was disgusted. So she started a petition against the development on MoveOn.org.

"I saw the news and right away I was just so angry," Jacobs tells Riptide. "I was feeling physically sick about it."

See also: Walmart Officially Closes on Midtown Property

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Here's What the Miami Riverwalk Development Replacing Finnegan's Will Look Like

Categories: Unreal Estate

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Yesterday came confirmation of the long-simmering rumor that Finnegan's River will be shutting down to make room for yet more condo development. Today comes images of what the planned development, Miami Riverwalk, will look like.

According to exMiami, Riverwalk will consist of four individual 750-foot high tower, with about 1,772 residential units, 360 hotel rooms, over 100,000 square feet of office space and about 180,000 square feet of retail between them. Though, the crown jewel is the actual walkway along the Miami River.

The project is backed by developers Chetrit Group and designed by local architect Kobi Karp.

See also: Finnegan's River in Brickell Closing

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Chris Bosh Put His L.A. Mansion on the Market for $14.5 Million (Photos)

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When Chris Bosh said he and his family are totally happy living in Miami, apparently he really meant it. Bosh's back-up pad, a home he bought in LA's Pacific Palisades back in 2012 for $9.45 million, is back on the market for a hefty $14.5 million.

Bosh, who has one of the biggest real estate portfolios of any NBA player, never actually lived in the property for any major amount of time and rented it for around $45,000-a-month. Actor and rapper Donald Glover, AKA Childish Gambino, had rented the placed out at one point to record an album.

See also: Chris Bosh Owns Two of the Top Three Most Expensive Homes in the NBA

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Report: 90 Percent of Downtown Condo Buyers Are Foreigners

Categories: Unreal Estate

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It's not exactly a secret that Miami's latest unhinged condo boom is being fueled by foreign money, but the exact number of new residential units being bought in downtown by those from abroad is eye-popping.

According to a not-yet-released report from consulting firm Integra Realty Resources for the Miami Downtown Development Authority that was obtained early by the Wall Street Journal, "90 percent of the buyers of new residential units are from abroad."

See also: Miamians Can't Afford to Buy Condos in Miami

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Downtown Miami's Last Remaining Waterfront Lot Sold For $100 Million an Acre

Categories: Unreal Estate

The last undeveloped waterfront lot in downtown Miami just sold for a record-breaking $100 million an acre. Bought by companies controlled by German and Gloria Coto, the son and daughter-in-law of Argentinian grocery magnate Alfredo Coto, the total price was $125 million for the 1.25 acre parcel located at the northern corner where the Miami River meet Biscayne Bay.

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Armani Getting Into Miami Real Estate With 60-Story Sunny Isles Condo

Categories: Unreal Estate

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Soon you'll be able to keep your Armani clothes and apply your Armani Code by Giorgio Armani perfume inside your Armani-designed bathroom all within your own Armani-designed condo located in an Armani-designed building named Residences by Armani/Casa.

Yes, the fashion house is teaming up with developers Dezer Development and Related Group and famed architect C├ęsar Pelli to develop a 60-story, high-rise luxury condo building at 18975 Collins Avenue in Sunny Isles Beach.

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Community of Floating Mansions May Come to a Miami-Dade Lake

Categories: Unreal Estate

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via Dutch Docklands
Most of the land in Miami-Dade is artificially dried out swampland and man-made barrier islands. So it seems like its Dade's destiny to one day be home to the first community of floating mansions in America.

According to the Biscayne Times, Dutch Docklands USA has submitted plans to create Amillarah Private Islands - North Miami Beach, a group of 30 individual artificial private floating islands in Maule Lake. Twenty-nine of those would be home to private luxury residences, the other would be for community amenities.

See also: A Floating City in Biscayne Bay? Dutch Company Hopes to Make It a Reality

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Miamians Can't Afford to Buy Condos in Miami

Categories: Unreal Estate

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In news that isn't particularly new but is worth repeating, the Miami Herald reports that most Miamians can't afford to buy units in of all those fancy condos being built at breakneck speed around town. Most buyers are wealthy people from Europe and Latin America who purchase units as investments or vacation properties (Miami real estate is, after all, the World's hot new currency), and developers, still wary from the last boom-and-bust cycle, require hefty down payments before the buildings even break ground.

See also: Miami Rents Are Wildly Unaffordable for Average Residents

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Walgreens Wants to Turn Ocean Drive Hotel Into a Very Fancy Drug Store

Categories: Unreal Estate

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Walgreens is known for their architecturally interesting stores that dot Miami Beach, but inside those stores look, well, pretty much like a regular Walgreens. For their latest planned expansion on the island, the drugstore chain is hoping to move into an historically protected structure, the Bon Air Hotel at 1060 Ocean Dr., and from the looks of it the inside will be one fancy drug store.

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Riverside Mahi Shrine Auditorium Demolished for New Megaproject

Categories: Unreal Estate

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Photo by Trevor Bach
The temple on the river is gone. The Mahi Shrine Auditorium, for decades the boxy, Miami River-adjacent home of the Mahi Shriners fraternity, was demolished Tuesday to make way for a new $200 million mixed-use commercial project on the site.

The new megasite is slated to include 444 residential units in two 12-story towers and more than a dozen commercial tenants, including Publix, LA Fitness, and Old Navy, exMiami reports.


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