Omni Biscayne Bay Miami Real Estate Blog

Genting Group Sets Up Offices in Miami

September 16th, 2013

Resorts World Miami developers, Genting Group, have set up work spaces at Omni Offices. The developers purchased the property in 2011, where it was previously a shopping mall. The seller reportedly spent $43M in renovations.

Genting will allegedly occupy just 30,000 S.F. of the 200,000 S.F. property, and is also seeking tenants to lease the remaining space. The building is located right next to the former Miami Herald headquarters, where a portion of Resorts World Miami will be developed.

This news is significant, mainly because it becomes the largest submarket occupancy in 2013. Resorts World Miami and Resorts World Bimini will establish its headquarters at Omni Offices, which is located at 1501 Biscayne Boulevard, where approximately 150 employees will be working to foster the company’s plans in Miami. Other tenants include the Miami International University of Art & Design, IBI Merchant Network, the U.S. State Department, and the U.S. Diplomatic Security and Passport Agency.

Continental Real Estate Companies will reportedly man the marketing and leasing operations for the vacant office spaces.

Along with Genting’s new offices and plans for a mega development in Miami, there are currently billions being spent on the expansion of commercial and residential real estate in the area, including the Perez Art Museum Miami, new pre-construction condos and more.

Contact Miami Realtor Sydney Server for more information.

Sources: The Real Deal
Photo Credit: Globest
Agency Info: Global Payments Online
Daneil Fletcher for
Brokerage By: Florida Capital Realty

Paraiso Bay Luxury Living in Biscayne Bay

September 12th, 2013

Paraiso Bay will feature spectacular views of Biscayne Bay, private elevators for each residence, 8 ft. terraces and more.

Contact Miami Realtor Sydney Server for more information.

Property Name: Paraiso Bay
Address:  600 NE 31 St. Miami, Fl 33137
Type: condo
Units: 700
Number of Floors: 55 (3 Towers)

Developer: The Related Group

Photo Credit: Ivan Parada
Daneil Fletcher for
Brokerage By: Florida Capital Realty


Biscayne Bay Could Be Home to Floating Community

September 9th, 2013

Biscayne Bay is being eyed as the top pick for developing a floating island, according to The Real Deal. Plans are being made by Dutch Developers, Dutch Docklands, which has built several floating communities internationally. Other locations that are being considered include Kendall, Miami Beach, Keys, New York City, Cincinnati, as well as New Jersey, as per Miami Today. The company has already opened a U.S. based office in Miami, and is looking to expand throughout the nation.

Dutch Docklands is seeking 500 to 1000 acres on the water, where a floating island housing residences, schools, hotels, a golf course, retail and more would be developed. In addition, the company has an approved and current patent for building these types of communities. The project has an estimated budget of $200M.

One of Dutch Dockland’s principals, Koen Olthuis, has extensive experience building structures that are resistant to floods. Paul van de Camp is also a company exec, and is an established hotelier and real estate developer. One of the key highlights include that the island would be flood resistant despite being built on the water.

The chairman of the Dutch Chamber of Commerce in Miami has stated that this type of development would translate into high-end real estate in Miami. The president of the company is currently negotiating with Miami-Dade’s Mayor for leasing water, and hopes to come to contract soon.

Contact Miami Realtor Sydney Server for more information.

Sources: The Real Deal, Miami Today
Photo Credit: The Real Deal
Daneil Fletcher for
Brokerage By: Florida Capital Realty

Perez’s New Plans for Midtown

August 29th, 2013

Jorge Perez is predominantly known for his savvy developments in Brickell and Downtown Miami, however The Real Deal has reported that plans are now in place to build condos and a hotel in Midtown. The source is an executive of The Related Group, Perez’s firm.

The planned condominium will be called Hyde Midtown, which will comprise of 400 units and a hotel. It will be stationed between Midtown 2 and Midtown 4 according to South Florida Business Journal.

In the Design District, Baltus House is also being developed by The Related Group, where the units will be exclusively furnished by luxury designer Baltus. It was reported in July 2013, that Baltus House was almost 50% sold out, with competitive prices starting at approximately $250K. Get in touch with Sydney Server for more details by calling 305-562-7363.

The Design District of Miami and Midtown cater to a high-end crowd, however Perez believes he’s prepared to build properties exclusive to the theme in these areas.

Of the numerous preconstruction projects planned for Miami, The Related Group is responsible for hundreds of new condo units in the works at the moment. Some include SLS Hotel and Residences, Marea, Baltus House, Beachwalk, One Ocean and more.

The theme of The Related Group is “Redefining cities and skylines”.

Contact Miami Realtor Sydney Server for more information.

Sources: The Real Deal , SFBJ
Photo Credit: SFBJ
Daneil Fletcher for
Brokerage By: Florida Capital Realty