After purchasing the CocoWalk shopping center for $87.5 million last year, Federal Realty Investment Trust has now begun a two-year renovation project. The initial phase includes refurbishing the façade of the west wing, where GAP and Chili's are located along with the addition of a new elevator and stairway. The second phase, scheduled to start in January, will see the demolition of the center pavilion (Fat Tuesday, Starbucks) and east wing (Maui Nix, Duffy's) to make way for the construction of a new 5-story building named One Cocowalk which will feature ground floor retail and 4 stories of Class-A office space.
The Phillip and Patricia Frost Museum of Science is now open! Science lovers finally have access to this state-of-the-art facility, which opened Monday May 8th after overcoming many budget problems and delays.
Among the museum's most impressive features are its 250-seat 8K-3D planetarium, one of only 13 in the world, along with a 500,000 gallon Gulf Stream aquarium which features an oculus visitors can peer into.
Single day tickets for Miami-Dade residents cost $23.80 for adults, $17 for ages 3-11 and Free for kids 2 and under. Annual membership is also available.
Visit the Frost Science Museum's Website
Brickell finally has a movie theater, and it is high-end. CMX Cinemas, a subsidiary of Mexico-based Cinemex Theaters, has opened its first location in the United States on the third floor of Brickell City Centre. CMX features two bar and dining areas, and 10 viewing rooms with recliner leather seats and call buttons to order upscale food and beverage. The cinema is also high tech, with all-laser theaters and Meyer Sound Lab and Dolby Atmos sound systems.
Tickets will start at $21, with 3-D movies costing between $23 and $25.
Click here to visit the CMX Website.
2016 is over and the numbers are in! It's time to see how our real estate market performed this past year, particularly when it comes to single-family homes. We will also look at how the market has changed over the past 5 years, in terms property values, number of sales, amount of distressed sales and more. Let's dive right in!
Many of you may have probably heard of the Underline project, a proposed plan to transform a 10-mile stretch of the path that runs underneath the Metrorail into a linear park with biking paths, pedestrian trails and park amenities.
For those of you who would like to learn more about it, the preliminary design proposals for the Underline will be presented at a public meeting in Southside Elementary (Coral Way & SW 1st Ave) next Thursday, January 19th at 6pm. Registration begins at 5:30 pm.
Alternatively you can register here: https://www.eventbrite.com/e/public-meeting-the-underline-brickell-backyard-phase-i-design-proposals-tickets-30440340879
Here are the top real estate news and local stories of the week, gathered from around the web.
How are home prices trending in The Roads, Shenandoah and Silver Bluff? How long are homes staying on the market? How do current market conditions compare to last year? These and more questions answered in our Q3 2016 Real Estate Market Report.
Our September real estate market update for The Roads, Shenandoah and Silver Bluff is here. We'll take a look at last month's sales in the three neighborhoods to see how the sales prices, price per square foot and days on market compare year-over-year.
Here are the top real estate news and local stories of the week, gathered from around he web.
Here are this week's top local and real estate stories gathered from around the web.
Ivan Ramirez and Ron Sadaka are Realtors born and raised in Miami.