A New York based development company has teamed with a globally-recognized and award-winning architect to bring a stand-out mixed-use office building to the heart of the ever-growing Wynwood Arts District.
RedSky Capital plans to construct an eight-story mixed-use building called Forum at 2700 NW Second Ave. in Wynwood.
The developer’s team presented details July 18 to the city’s Urban Development Review Board, which recommended approval of the project with some suggestions.
RedSky Capital LLC and its affiliate RS JZ 2700 NW2 LLC own the 1.25-acre site north of Northwest 27th Street, south of Northwest 27th Terrace, and west of Northwest Second Avenue.
Forum is designed to include up to 144,781 square feet of offices, about 36,072 square feet of commercial-retail space, parking for 370 vehicles, and significant outdoor amenities and plaza spaces including pedestrian paseos connecting all frontages through the site.
Steve Wernick, an attorney representing RedSky, said the site is long and narrow; it extends more than 495 feet.
The goal in designing the building was to emphasize public space, he said, and give as much attention to the public space as the private spaces.
Forum will be an open and communal gathering space, and “visitors will be drawn into the building,” Mr. Wernick said.
“It unlocks the potential of this part of Wynwood,” he said.
Shari Neissani, senior vice president with RedSky Capital, told the board her company has a reputation of investing in emerging neighborhoods.
In a letter to the city, Mr. Wernick wrote: “With RedSky’s experience in the evolution of neighborhoods in Brooklyn, they have paid special attention to understand the surrounding context of the neighborhood and put together a top-notch design team, spearheaded by Enrique Norten, award-winning architect and principal of TEN Arquitectos. Forum is a testament to RedSky’s commitment to the long-term revitalization of Wynwood. The Project elevates the public realm through the building, while delivering class A office space that will attract creative office tenants looking at Wynwood as Miami’s emerging office district and help support the continued evolution of new retail, F&B, hotel, and residential buildings within the district.”
Since 2013, RedSky has acquired and now owns and operates roughly five acres in Wynwood, with a significant footprint along Northwest Second Avenue.
Wynwood Block is a fully renovated warehouse at 2621 NW Second Ave., and one of the first legacy structures in Wynwood under the NRD-1 Neighborhood Conservation District zoning. Read more here:Miami News Today

According to the Miami Association of Realtors, luxury home sales in Miami posted double-digit gains while existing condominium transactions surged year-over-year in December 2017.

Luxury ($1 million-and-above) existing Miami condo sales jumped 47.6 percent year-over-year, from 42 to 62. Luxury Miami single-family home sales rose 16.7 percent, from 60 to 70. Existing Miami condo sales increased 6.5 percent year-over-year in December, while single-family transactions stayed effectively even (down 0.7 percent).

“Strong pent-up demand for Miami luxury single-family and condominiums fueled December’s strong home sales,” said George Jalil, a Miami broker and the 2018 MIAMI chairman of the board. “Luxury sellers are becoming more realistic with their asking prices, and buyers are coming off the sidelines. Federal tax reform is also starting to have an impact as more Northeastern buyers are opting to purchase in Miami to escape the higher taxes they could face in states like New York and New Jersey.”

Federal tax reform, which was signed into law Dec. 22, 2017, sets a deductions cap for income, sales and property taxes at $10,000. The new cap could lead more residents of states with high property values and state income tax to purchase properties in states such as Florida, which has no state income tax and a pro-business tax structure.

Total Miami Home Sales, Dollar Volume Increase in December

Total existing Miami-Dade County residential sales — which posted a record year in 2013 and near record years in 2014 and 2015 — increased 2.9 percent year-over-year from 2,156 to 2,219.

Miami existing condo sales — which are competing with one of the most robust new construction markets in the country — increased 6.5 percent year-over-year, from 1,084 to 1,154. Single-family home sales decreased 0.7 percent, from 1,072 to 1,065.

Lack of access to mortgage loans continues to inhibit further growth of the existing condominium market. Of the 9,307 condominium buildings in Miami-Dade and Broward counties, only 12 are approved for Federal Housing Administration loans, down from 29 last year, according to Florida Department of Business and Professional Regulation and FHA.

Total sales volume for all properties accounted for $983.5 million last month, up 23.2% from $797.9 million a year ago. Sales don’t include Miami’s multi-billion dollar new construction condo market.    Click Here to Read More on World Property Journal

Outdoor Movie Night at Bay Harbor

As we turn the leaf over into the new year with family and friends, there is so much to enjoy for those living in Bay Harbor Islands in Florida. One of the fun activities is that the Town of Bar Harbor Islands offers a free Outdoor Movie Night to residents every third Saturday of the month.

For this month of Saturday, January 21st, 2017 starting at 7pm come enjoy a night under the stars with your friends and neighbors. Bring your kids to see Finding Dory. For more information visit Town of Bay Harbor Islands website.

Looking for a New Year’s event to go to? There are many options to choose from but let’s start in our own backyard in Surfside, Florida. Starting at 9pm on December 31st, 2016 enjoy a free fireworks display from the public beach of Surfside that is sponsored by the Surfside Tourist Board.

MiamiandBeaches.com describes a few free events to attend through out Miami Beach and Downtown Miami as mentioned below:

If you’re here with your family or a group of friends and you’re looking for a free and entertaining way to celebrate the New Year, Miami’s got you covered with parties downtown in Bayfront Park and in South Beach.

Ring in the New Year with Mr.305 and Florida ambassador himself, Pitbull, at Bayfront Park. Pitbull’s New Year’s Eve Revolution 2016 is from 8 p.m. to 12:30 a.m., and include a dance party, fireworks and a countdown  to midnight with Pitbull as the “The Big Orange” ascends to the top of the adjacent InterContinental Miami hotel.

Looking to celebrate on South Beach? Join the City of Miami Beach New Year’s Eve Celebration, and party on the beach at 9th Street and Ocean Drive. Enjoy free fireworks at midnight.

For more information on other parties, dining options and more click here to read more.