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REAL ESTATE

The return of the cranes: Miami-Dade construction projects on the horizon in 2013

 

Construction starts in Miami-Dade County posted strong gains in 2012 after a deep six-year slide. With a host of projects on the horizon, the local construction outlook for 2013 is cautiously optimistic.

Deja vu all over again

Residential projects under construction:

Project Address Units Floors
Bellini At Williams Island 4100 Island Blvd., Aventura 70 24
1100 Millecento Residences1100 South Miami Ave., Miami 382 42
BrickellHouse1300 Brickell Bay Drive, Miami 374 46
MyBrickell30 SE Sixth St., Miami 192 28
Oceana Key Biscayne350 Ocean Drive, 154 15
Residences at Miami Beach Edition2901 Collins Ave. 26 11
Chateau Beach17451 Collins Ave. 84 35
Mansions At Acqualina17749 Collins Ave. 79 46
Regalia19505 Collins Ave. 39 43

Residential projects gearing up:

Project Address Units Floors
Saxony 3399 Collins Ave. 67 19
Porsche Design Tower 18555 Collins Ave. 132 57
ICON Bay 450 NE 28th St. 300 40
Palau at Sunset Harbour 1201 20th St. 50 5
Grove at Grand Bay2669 S. Bayshore Dr. 97 9620
4701 North Meridian 4701 N. Meridian Ave., MB 145*10
Unique 17141 Collins Ave. 6244
Jade Signature 16901 Collins Ave. 19255
One Ocean 2 Ocean Drive, MB 507
400 Sunny Isles 400 Sunny Isles Blvd. 23020
321 Ocean Drive 321 Ocean Drive.; N/A 9
Village At Island Estates 5000 Island Estates Drive 148 8
Peloro Miami Beach 6610 Indian Creek Drive 115 7
Marina Palms Yacht Club and Residences 17301 Biscayne Blvd. NMB 468 24
Echo Aventura 3250 NE 188th St. Aventura 190 11
Harbor Park 9901 E. Bay Harbor Dr. 20 9
Edgewater Apartments Condo 9821 E. Bay Harbor Dr. 41 9
Club At Bay Harbor 1025 92nd St. 42 8
Ivory 9261 E. Bay Harbor Dr. 41 8
Merrick Manor 4133 LeJeune Road, Coral Gables 180 10

Commercial projects under way (unless noted):

Project Address
Brickell CityCentre 701 S. Miami Ave and surrounding area
1400 Biscayne** 1400 Biscayne Blvd.
Miami Design District From NE 38th Street to NE 42nd Street and west of NE 2nd Ave
Dadeland Mall 7535 N Kendall Dr.

* Approximately 130 condos and 15 single-family homes

** Scheduled to break ground in mid-2013

Source: Condo Vultures/Miami Herald


mbrannigan@MiamiHerald.com

The cranes are coming back to Miami.

The battered construction industry is going higher in the new year after showing strong signs of life in 2012. Will Miami feel more like Manhattan in a few years? It just might.

So far, there has been more talk than action, fewer shovels in the ground than grand announcements. Even so, construction is underway on a dozen new condominiums in Miami-Dade County — something that seemed beyond the realm of possibility not so long ago.

Commercial building is picking up, too, particularly in Miami’s hot new urban core.

The construction sector, which posted 62 consecutive months of job losses in Miami-Dade as of November 2012, is expected to finally begin adding jobs in 2013.

By far the centerpiece project to date is Brickell CityCentre, a $1.05 billion shopping and mixed-use project that broke ground in June 2012 and will span three blocks just west of Brickell Avenue to the south of the Miami River.

The 5-million-square-foot mega-project by developer Swire Properties will include a department store, luxury shops, restaurants, a hotel, office towers and condominiums. It is expected to be connected with bridges and covered walkways and to cement downtown Miami’s emerging image as a trendy place to work, live and play.

In Brickell alone, three new condominium projects already are under construction: Jorge Perez’s Related Group is building Millecento, a 42-story tower with 382 units, and MyBrickell, a smaller project with 28 stories and 192 units shoehorned onto a 0.4-acre site. Newgard Development Group is building BrickellHouse, a 46-story, 374-unit project.

More building, much more, is coming.

“We’re going to see a lot of cranes popping up in the first and second quarter, and a year from now, we’re going to see cranes all over the skyline,” said Tom Murphy Jr., chairman and CEO of Coastal Construction, a large Miami builder that is involved in various projects, from hotels to condominiums. “I believe we as a community — South Florida, especially Miami — will build more in the next 10 years than we did in the last 15.”

Among a long roster of projects, Coastal was tapped by developer DACRA for a major renovation project in the Design District, which in 2012 marked the arrival of luxury fashion retailers such as Cartier, Hermes, Louis Vuitton, Celine, Christian Dior and Prada, adding a new dimension to an area already known for home furnishings and restaurants.

DACRA president and CEO Craig Robins has a broader plan to bring in 40 to 50 luxury brands to the Design District by 2014. The area will have a pedestrian promenade, rooftop gardens and public plazas, in keeping with Miami’s emerging urban scene.

The focus on commercial development in Miami’s urban core, is all about providing more services to cater to the new residents who want everything within walking distance.

Spanish developer Espacio USA will break ground in 2013 on the first phase of a $412 million mixed-use project at 1400 Biscayne Boulevard. Starting with one 103,000-square foot office tower, the project will eventually include retail shops and residential units.

“It’s becoming much more of a New York lifestyle, and we’ll continue to see that,” said Ron Shuffield, president of Esslinger-Wooten-Maxwell Realtors in Coral Gables.

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