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Robert DeNiro, Chef Nobu and Meir Teper Bring Back the Eden Roc to Miami Beach

15 Dec 2014, 4:25 am

By Balazs Szekely, Associate Editor

Nobu Hotel at Eden Roc Miami Beach opens its gates to the public in the second half of next year according to a recent announcement released by Nobu Hotels and Eden Roc Miami Beach. Academy award-winner Robert DeNiro, Hollywood producer Meir Teper  and Chef Nobu Matsuhisa are the owners and brand visionaries behind the project that’s main objective is to revitalize and re-launch the Eden Roc name and property.

The 210-room Miami Beach oceanfront property is the second U.S. hotel under the Nobu Hospitality brand and just like the Nobu Hotel at Caesars Palace Las Vegas, it will operate along the same guidelines as any Nobu restaurant: a balance of luxury, fun, craft and theater – the initiators claim. The complex will feature a hotel within a hotel concept encompassing the largest Nobu Restaurant and Bar Lounge in the world, 20,000 square feet of spa and fitness facilities, over 70,000 square feet of completely revamped meeting and event space as well as two luxurious pools.  Apart from the state-of-the-art restaurant, the property will feature an additional new beach front restaurant concept, new banquet and catering menus and unique in-room dining offerings.

The Rockwell Group’s David Rockwell is in charge of interior design. He intends to use a blend of lush natural materials and contemporary style incorporating a few visual touches inspired by both the beach location and Japanes culture, while also preserving the classic Eden Roc’s Morris Lapidus ethos.

Photo credits: Nobu Hospitality



Miami Worldcenter Developers Outline Construction Timeline for Phase One

8 Dec 2014, 6:05 am

By Balazs Szekely, Associate Editor

Miami Worldcenter developers have outlined an initial construction timeline for the first phase shortly after the City of Miami unanimously approved the zoning package and development agreement. Spread over 27 acres in downtown Miami, it is one of the largest private real estate developments currently underway in the nation.

The project is a collaboration between Miami Worldcenter Associates and a team of leading development, design and engineering firms. Miami Worldcenter Associates is led by principals Art Falcone and Nitin Motwani and serves as the master developer. The first phase of the 10-block mega mixed use project is designated for residential towers, retail spaces, an expo center and a hotel.

The residential section will contain around 1,000 housing units including luxury residences, boutique condominiums as well as market-rate apartments. The first residential tower to break ground in the second quarter of 2015 will be the 466-unit PARAMOUNT Miami Worldcenter condominium that launched sales this November. Additionally, the Forbes Company and Taubman will deliver a 765,000 square-foot shopping mall anchored by Bloomingdale’s and Macy’s plus complementary dining and entertainment options. The hotel planned in the first stage is a 1,800-room JW Marriott Marquis – both that and the expo center featuring 600,000 square-feet of meeting and event space is to be developed by Miami-based MDM Group.

Phase I is expected to account for $2 billion in new investment within downtown Miami. With plans for construction preparation in progress, physical site work is expected to get underway in the first quarter, with vertical construction slated to begin in mid-2015.

Photo credits: Miami Worldcenter Associates



The Alhambra in Coral Gables Signs New Tenant

3 Dec 2014, 4:52 pm

By Balazs Szekely, Associate Editor

It was reported last week that Pipeline Workspaces, a national high-design shared office space concept inked a lease for 14,000 square feet at 95 Merrick Way, part of The Alhambra property. Now, according to a recent written announcement, the adjacent Alhambra office tower is also soon to welcome a new tenant, Fiduciary Trust International of the South. CBRE represented the landlord in the transaction and agents Alison Pages, Hank Klein and Alexander Cahlin of Blanca Commercial Real Estate spoke for Fiduciary Trust.

Fiduciary Trust International of the South is a division of Franklin Templeton Investments. The company leased 12,500 square feet at 2 Alhambra Plaza where it will relocate from its current location at 200 Biscayne Boulevard to accommodate its growth. The firm will move from the Central Business District location in mid-2015.

Owned by USAA Real Estate Company, the largest owner of Class A office space in Coral Gables, The Alhambra is a 14-story Class A office tower interconnected with the Hyatt Hotel located in the heart of the city. The addition of the two new tenants, its occupancy has reached 85 percent, up from 52 percent only 18 months ago. Beacon Health Strategies occupied 17,217 square feet at The Alhambra earlier this year. It has been the largest new lease so far this year in Coral Gables.

Photo credits: Google Maps



Pipeline Workspaces Adds New Location in Coral Gables

24 Nov 2014, 6:49 pm

By Balazs Szekely, Associate Editor

The City of Coral Gables will soon welcome a shared office workspace by Pipeline Workspaces. It will occupy the entire 14,000 square-foot third floor of the seven-story office complex at 95 Merrick Way and will offer private offices starting at $600 per month.

Pipeline Workspaces is a national shared workspace concept designed with entrepreneurs, start-ups, lawyers and international business executives in mind. It offers a flexible assortment of private offices, dedicated desks, flexible space, and virtual offices, café, event space, lounge, technology-enhanced conference rooms on a membership-based platform.

Pipeline Gables is the third Pipeline Workspaces location in the U.S. The first one opened nearly two years ago in Miami’s Brickell Financial District and a 22,000 square-foot location is also scheduled to open in Philadelphia this December. The Coral Gables asset will offer tenants a unique mediation center as well as entrepreneurial shared spaces and private offices. Open work areas will rent at $200 per month and private offices start at $600 per month. Conference rooms will be available for companies to hold off-site team retreats and the membership grants access to all Pipeline locations plus a social lounge with free hot drinks. Workers can choose from on-site parking spaces and additional public parking surrounding the property.

Owned by USAA, the office building located at 95 Merrick Way will display a Pipeline Gables signage on top. It is steps away from Coral Gables’ Restaurant Row on Giralda Avenue and in close proximity of the Miracle Mile shopping and dining corridor.

Image source: Google Maps



Pebblebrook Hotel Trust Grabs The Westin Colonnade Coral Gables

14 Nov 2014, 8:45 pm

By Balazs Szekely, Associate Editor

The Westin Colonnade Coral Gables, a 157-room upper-upscale full-service hotel on Miami’s Miracle Mile, was recently acquired for $59.4 million by Pebblebrook Hotel Trust, the company announced.

The company acquired a fee simple condominium interest in The Westin Colonnade. The acquisition marks Pebblebrook’s second investment in Miami and marks the 32nd property in its global portfolio. Built in 1989 and converted into a Westin in 2007, hotel operated at 80 percent occupancy the past year with an average daily rate of $198 and a $159 RevPAR. The new ownership is planning to commence of a comprehensive $7- to $9-million renovation in the second half of 2015.

Located in the heart of the Coral Gables’ commercial district, just south of downtown Miami, the hotel is adjacent to Merrick Park, Miami Marlins Park, the University of Miami, Coral Gables Museum and several retail and leisure destinations. It is also within close proximity to Miami International Airport, Coconut Grove, the University of Miami, South Beach and Brickell Avenue.

The Westin Colonnade’s amenities include an outdoor heated pool with an expansive deck, a fitness studio, valet parking and 23,000 square feet of meeting space that includes a 9,000 square-foot neoclassical marble-tile Rotunda for weddings and other events. The 4,460 rentable square foot restaurant space on the first floor is currently leased to SUSHISAMBA.

The hotel will continue to be operated by Davidson Hotels and Resorts, a hotel management company that provides management, development/renovation, acquisition, consulting and accounting to industry leaders such as Marriott, Hilton, Hyatt and Starwood Family.

Photo credits: Westin Hotels & Resorts

 

Pebblebrook Hotel Trust Acquires The Westin Colonnade Coral Gables in Miami, Florida







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