New Miami Real Estate Blog

Design District’s Progress & Crime Challenges

September 11th, 2013

The Design District is undergoing a multimillion dollar overhaul to include luxury retail, residences and commerce. One setback that may challenge this progress however is crime, as reported by Miami New Times.

In recent months, some of the top names to make the lists of must-see shopping destinations have been the target of robberies, assaults, burglaries and theft. These names include Harry’s Pizzeria and Luis Vuitton. Shoppers have also been the target for assaults and mugging.

This news however, has not deterred the City of Miami and developers like Craig Robbins from pressing forward. The City recently approved plans for a $312M development including condos, shopping and parking.

Robbins specified in a statement that luxury malls and attractions typically lure thieves. In addition, the crime rates are comparatively less than other stately areas throughout South Florida. The police department also agrees with these statements. To circumvent concerns, Craig Robbins’ DACRA has hired year-round security in the district, with an estimated budget of $1M.

The Design District has a storied history, first being founded by a pineapple plantation owner T.V. Moore, where his real estate portfolio was diversified with a movie theater, galleries and warehouses. The district was originally called Buena Vista. In the 80’s however, the design firms moved out of the district, leaving the properties vacant and rundown.

Craig Robbins, who’s had extensive experience renovating dilapidated structures in South Beach eyed this area, and has since made his vision reality, with more developments to come.

Stay tuned for all the latest developments in Miami Design District by subscribing below.

Contact Miami Realtor Sydney Server for more information.

Sources: Huffington Post, Miami New Times
Photo Credit: Boston
Daneil Fletcher for
Brokerage By: Florida Capital Realty

$301.5M Secured For DACRA Design District Project

August 12th, 2013

The South Florida Business Journal has reported that Craig Robbins’ DACRA, has managed to secure $301.5M from HSBC Bank and BREDS II Loan Holdings.

What’s significant about this funding is that it’s the largest loan secured by a private lender for construction purposes – since the Great Recession. This massive funding according to Robbins, represents only a small scale of the overall development costs. To support added expenditures, a large part of the project will be financed by equity.

Major retailers such as Christian Dior, Prada and Luis Vuitton have all signed advanced leasing contracts for luxury shopping spaces planned. Seasoned Miami investors know that retailers typically sign commercial contracts for the long term period, in order to secure a recognizable location with loyal customers.

The project according to the same news report, will entail 100 residences and a hotel with 53 rooms. DACRA’s construction will feature more than 1.1M S.F and it will be designed by Elizabeth Plater-Zyberk.

Other projects scheduled by the company include a luxury condo development in the district, with 489 units. This project is significant as the Miami Design District is mainly known for commercial properties. Read the full story here.

For existing condos for sale in Miami Design District, contact Sydney Server at 305-562-7363.

Contact Miami Realtor Sydney Server for more information.

Sources: The Real Deal, Daily Business Review
Photo Credit: DACRA
Daneil Fletcher for
Brokerage by Florida Capital Realty


Baltus House Condos For Sale In The Design District

August 2nd, 2013

Miami’s Design District has been predominantly known for its retail and commerce sector. Now, developers are set to build several luxury residential condos, one of which is Baltus House.

The Real Deal has reported that more than 50% of all units has been reserved for purchase within a one-month time frame. Baltus House is expected to break ground this September, 2013. In addition, the condo earned its namesake through Related Group’s savvy collaboration with Baltus Collection. Luxury, Spanish themed interiors and furnishing will be handled by the company. Artwork from developer’s Jorge Perez’s personal collection will also hang in the lobby.

Baltus House’s residents will be within close proximity to Design District’s luxury shopping row, from Louis Vuitton to Cartier, Prada to Hermes and more. See the Sydney Server Real Estate Lifestyle guide for other places to shop in NEW MIAMI.

Sydney Server Real Estate features Baltus House’s  Brochure, Floor Plans and Price List.

More Miami Design District News

Miami’s Planning, Zoning & Appeals Board has recently approved 489 new units along Northeast 38th and 42nd streets. Craig Robbins’ vision is steadily coming to fruition.

Baltus House now taking reservations starting at 10% Down. Contact Sydney Server for more information 305-562-7363

Property Name: Baltus House
Address: 4250 Biscayne Boulevard, Miami, FL, 33137
Type: condo
Units: 167
Number of Floors: 15
Unit Types: Studio – 3BR

Developer: Related Group

Contact Miami Realtor Sydney Server for more information.

Sources: The Real Deal
Photo Credit: Deiner Properties
Daneil Fletcher for
Brokerage by Florida Capital Realty

Miami Design District Gets Zoning Approval to Expand

July 19th, 2013

Miami’s Planning, Zoning & Appeals Board has approved an expansion plan for the Design District.

That means residential real estate, commercial buildings, and parking spaces are set to increase exponentially following development. The concept has been envisioned by Craig Robins and his firm, DACRA.

Design District is currently known for high-end retail and office buildings, and the new plan would convert it into a vibrant destination to live, work and play. It entails developing twelve parcels, one of which includes a 20-story condo along Biscayne Boulevard, according to the Associated Press. The VP of DACRA has also reported that these plans will not affect residents in the vicinity, and one of the biggest missions is to make the district more pedestrian-friendly.

During the meeting, residents expressed both advocacy and opposition to the project. However, one of the speakers reminded them that Craig Robins was instrumental for the overhaul of South Beach Miami a few years ago.

The approval summary includes:

  • Building upon Northeast 38th and 42nd streets on 21 acres of land
  • Developing luxury shops, cafes, and numerous green spaces
  • Development of a luxury hotel
  • The project’s budget is estimated to be $312M
  • Commercial space will be 1.3M SF
  • 489 Residential units will be constructed
  • Parking will be expanded from 1,181 to 3,752 SF

Search Sydney Server Real Estate for the Best of Miami real estate.

Contact Miami Realtor Sydney Server for more information.

Sources: Associated Press
Photo Credit: NBC Miami
Daneil Fletcher for
Brokerage by Florida Capital Realty