Rendering of Resorts World Miami
1. Little mention of Resorts World Miami in Genting's latest corporate report [The Next Miami]
2. Two amendments on ballot expand Florida property tax exemptions [Palm Beach Post]
3. Broward deputies implicated in real estate row [Daily Business Review]
4. The home renovation that never ends [WSJ]
- Sean Stewart-Muniz
When buying a new bay boat it might be helpful for a manufacturer to make most of your choices for you. This bay boat is available only one way from the factory, pre-packaged with a 150 horsepower outboard, electronics, Power Pole and trailer.
The savings the builder gets from presenting the boat as a package are passed onto the consumer. The value pricing is no reflection on the quality or features in this boat, which include bow storage, an all new console design, powder-coated leaner post with rod holders, rear jump seats and a large live baitwell. Another unique feature is all of the storage compartments are roto-molded plastic that's virtually indestructible and the resilient surface protects your gear from damage.
Skeeter Boats
One Skeeter St, Kilgore, TX 75662
903-984-0541
www.skeeterboats.com
Skeeter SX210 Bay Specifications
LOA: 21 feet 6 inches
Beam: 8 feet 2 inches
Draft: 10 inches
MSRP: $39,995 with Yamaha 150 SHO
Aloft South Beach and Jason Halpern
New York-based JMH Development and Mitchell Hochberg have just sold the Aloft South Beach to Rockpoint Group for $105 million, or $446,809 per room.
Aloft South Beach, developed by Jason Halpern's JMH Development, Madden Real Estate Ventures and Starwood Hotels & Resorts, opened in June 2015. Hochberg is the principal of Madden Real Estate Ventures.
The eight-story hotel, at 2360 Collins Avenue, has 235 rooms and features a Stephen Starr restaurant, Continental Miami.
Halpern told The Real Deal Friday that the hotel market in Miami has become overheated, while the costs of land and construction have risen. “There is too much supply,” he said. “I think long term, the supply will perform well once the [Miami Beach] Convention Center is completed.”
In the meantime, he is on the lookout for other opportunities. “I run a boutique development firm, and part of what also drove me to sell is that in the two markets I am focused on, New York and Miami, there are going to be some real opportunities…. It will free up our time and create liquidity to execute new deals.”
Built on the site of the historic 1954 Ankara Motel, the Aloft South Beach was built to preserve its Art Deco architecture, incorporating classic brick walls in the “historic wing,” refurbished Ankara Motel signage and the original pool shape. The hotel's lobby features a series of black-and-white images of 1970s beach scenes and near the entrance, a large-scale aerial view photograph of models in vintage swimsuits.
Halpern, together with partner RCG, whose principal is Michael Boxer, bought the Aloft site in June 2005 for $12.85 million, with plans for a residential project. “When the recession hit we allowed the project to sit, and we went back and got approvals for what you now see, and started construction 15 months ago,” Halpern told TRD last year.
Aloft South Beach was the first South Florida project for JMH, which is developing Three Hundred Collins, a 19-residence luxury condominium in the South of Fifth neighborhood of Miami Beach.
After founding JMH Development in 2000, Halpern primarily focused on development projects in New York, before he turned his attention to South Florida. He was among the pioneers in Williamsburg, developing 184 Kent Avenue, a 337-unit rental building that was completed in 2010.
Rockpoint Group is a private equity firm with offices in Dallas, San Francisco and Boston. Some of its recent deals include the $113.5 million purchase of Mary Brickell Village and a $30 million purchase of a retail building on Miami Beach's Lincoln Road.
Renderings of the Paramount Miami Worldcenter project
1. Paramount Miami Worldcenter nearly ready for foundation pour [The Next Miami]
2. West Palm Beach reporting some of Florida's highest office rents [GlobeSt]
3. Levan and BBX overturn SEC's victory on appeal [SFBJ]
4. Starbucks says its new stores in low-income areas are profitable [Bloomberg]
- Sean Stewart-Muniz
Rendering of DOA and Arjun Waney
Arjun Waney, the London-based restaurateur and owner of Zuma and Coya, is launching a new Latin-Asian concept, DÔA, in South Beach.
DÔA, Waney and his investors' first venture in Miami Beach, will open in November at 2000 Collins Avenue, across from the Setai Miami Beach. The 5,200-square-foot space was formerly occupied by Barezzito and One Lounge.
Geared to be a casual, affordable fusion of Asian and Peruvian cuisine, DÔA will have indoor and outdoor space with a terrace facing the Setai, Arman Naqi, vice president and director of development for DÔA, told The Real Deal. It will remain open until 5:00 a.m., seven days a week, offering dinner, weekend brunch and late-night dining.
“This is how Arjun Waney envisioned it, as a neighborhood eatery, targeting anybody and everybody, and still maintaining the Coya and Zuma ambiance and quality of food, but at a lower price point and with great value,” Naqi said.
The restaurant is expected to be the concept's flagship, with future locations planned for Washington D.C., Atlanta, Chicago and Boston, he said.
Waney told TRD last year that Miami's diversity of cultures and appeal to Latin Americans has led him to launch a slew of new restaurants here. “We think very highly of Miami,” he said.
In addition to Waney, DÔA's investors include Tunu Puri and Ferit Sahenk, chairman of the Dogus Group, the largest conglomerate in Turkey - the same investment group as in Zuma and Coya, Naqi said.
Renderings of DOA's interiors
Lyle Stern, principal of Koniver Stern Group, brokered the lease, representing the restaurant owners. Madison Capital just bought the building last week, and Stern said he negotiated the lease earlier this year with the former owner of the building, Parc Place Development, LLC.
“Once the concept crystalized, it took six months to find the right location and the right deal,” he told TRD. Waney and Puri chose the site based on its proximity to all the hotels along Collins Avenue, including the Setai Miami Beach, W South Beach, SLS South Beach and the Delano South Beach, as well as to the Miami Beach Convention Center, Stern said.
The 160-seat restaurant will feature an open kitchen, a central island bar, DJ booth, lounge area and maki counter, in space designed by Richard Saunders of London-based Sagrada Studio. The menu will consist of shared raw, steamed and robata grilled signature dishes showcasing Nikkei, Chifa and Peruvian cuisine. Among the offerings: ceviches, makis, skewers, steamed buns, dim sum and hot pots.
Waney's next venture in Miami is La Petite Maison, opening at 1300 Brickell Bay Drive. Miami will be the first U.S. location for the French Provençal restaurant, which is expected to open by the end of year.
Mar-a-Lago and Donald Trump
1. Trump reveals Mar-a-Lago finances as part of PBIA battle [Palm Beach Post]
2. Zika mosquito sites in Miami Beach identified [Miami Herald]
3. One buyer closed on 13 units at Brickell City Centre in a single day [The Next Miami]
4. Lawyers begin preparing for Zika-related workers' compensation claims [Miami New Times]
- Sean Stewart-Muniz
Visit the new FS outdoors show Oct.8 & 9.
For the 24th year, Florida Sportsman Magazine will host the Florida Sportsman Expo at the Florida State Fairgrounds in Tampa, October 8th and 9th. At the show you'll find the popular series of informational seminars on how to improve your fishing and hunting, including top-notch technical, hands-on instruction on inshore and offshore fishing, plus you'll find new seminars and seminar speakers covering the most popular trends in the Florida outdoors.
As always, the FS EXPO will be a great place to meet and speak with some of the celebrities and personalities of the Florida fishing and hunting world, such as George Gozdz, host of the Reel Time with Florida Sportsman TV show and bowfishing sensation Cheyenne Lee.
You'll also get the opportunity to meet some of the makers of outdoor gear and equipment, both large companies like Daiwa and smaller, Florida-based companies like D.O.A. lures. Ask your questions and find out what's new to their product lineup.
Previous attendees to the Florida Sportsman Expo will find many changes, as well as exciting additions to the show:
New to the Florida Sportsman Expo will be a seminar stage for Ladies in the Outdoors, featuring top names from around the state, including: Brittney Novalsky; Capt. Alissa Vinoski; World Record Holder and Diver, Cheyenne Lee; Female Bowfishing sensation, Brooke Thomas; Chasten Whitfield; Pam Wirth; Christina Weber; Meli Brock; Sydney Sewell and more.
Back on the list of activities is the popular “Riggin' it Right Academy” presented by SeaTow with room for up to 60 anglers at a time while Florida Sportsman staff give hands-on instruction on properly rigging baits and lures. For those interested in Fly Fishing, free fly casting and fly-tying instruction will be presented on a stocked pond.
Celebrities and guides, such as Reel Time's Capt. George Gozdz and Florida Sportsman's Rick Ryals from Best Boat, will take the stage to offer tips on trophy fish and game. Enjoy seminars from Capt. Chris O'Neill, Capt. Sergio Atanes, Larry “Fishman” Finch, Trophy Taker Outdoors' Lee Cepero and Pete Petriw, D.O.A's, Capt. Mark Nichols and more great speakers.
You'll also find at the FS EXPO:
- Concealed Carry Permits for $39.95 in advance and $49.95 at the door. Register in advance at TampaCarry.com
- The DEMA “Be a Diver” pool will be at the show. Attendees may try out SCUBA diving with certified instructors. Participants must bring their own swim suits, but dressing rooms, towels and all the newest diving equipment (including wetsuits and fins) are provided. Guests can try out diving for Free.
- National Archery in the Schools Program (NASP®) style Tournament for school age students
- Free kids' Fishing Derby with the FWC
- Indoor Mobile Archery Range and Inflatable BB Gun Range
Guns will also be available to buy, sell, or trade. Attendees can learn how to effectively throw a cast net or fish from a kayak or spend time with manufacturers like Shimano, Fin-Nor, Daiwa, Temple Fork, Quantum, and others and learn what new products and features to expect in 2017 on the New Manufacturer's stage. The Florida Fish & Wildlife Conservation Commission (FWC) will display exhibits of interest to boaters and hunters as well as the Florida Sportsman Grand Slam Tank, a 500-gallon mobile saltwater aquarium. Kids will be kept busy and can win free prizes with the FWC's “Fish ID” contest.
Tickets at the Florida State Fairgrounds box office are $8 for adults. Kids 12 and under with a parent are free. Show hours run 10 a.m. to 5 p.m. on Saturday, Oct. 8th and 10 a.m. to 4 p.m. on Sunday, Oct. 9th. For a discount coupon and more details visit www.FloridaSportsman.com/Expo.
For questions about the show or queries from exhibitors, call Dawn Cepero at (863) 512-5190.
A look at a previous Florida Sportsman Expo, in Fort Pierce.
Rendering of the Apeiron at the Jockey Club
1. Check out new rendering of Apeiron at the Jockey Club in North Miami [The Next Miami]
2. No letup in downtown Miami population surge [Miami Herald]
3. Flo Rida's producer lists Hialeah house for $1.6M [GossipExtra]
4. Mall owners go on defensive to rescue Aéropostale [Wall Street Journal]
- Sean Stewart-Muniz
Rendering of Carlyle and InSite's Fort Lauderdale Beach hotel
1. New hotel proposed on Fort Lauderdale beach [SFBJ]
2. Brand new homes in Palm Beach bring big bucks [Palm Beach Daily News]
3. Industrial builder McCraney Property Co. sees a big future in e-commerce [DBR]
4. Mayors say state told them to keep Zika mosquito sites secret [Miami Herald]
- Katherine Kallergis
The Donald Trump statue atop a billboard in Miami along I-95
Miami police arrested a suspect in the theft of a statue of a naked Donald Trump from the roof of a building in Miami's Wynwood neighborhood.
Police charged Pedro Rodriguez, 36, with grand theft and burglary.
A public information officer for the Miami police department told television station WTVJ that the statue had been returned to its owner. No details on the condition of the statue were available.
The statue originally appeared in Miami atop a billboard promoting the III Points festival in Wynwood last week, courtesy of art collective INDECLINE, which has planted naked Trump sculptures in major U.S. cities.
INDECLINE exhibited the Trump statue in Miami at the behest of developer Moishe Mana, who regularly criticizes Trump on his personal Facebook page.
Not long after its appearance atop the billboard, the statue was moved to a Mana-owned property because police said it would distract drivers on I-95. [WTVJ] - Mike Seemuth
From Luxury Listings NYC: A private island that comes complete with its own humongous stone castle is on the market for $39 million. [more]
Next time you head outdoors, take a look around you: many of the fish and wildlife species you see, as well as their habitats, are healthy because of hunters and anglers. Additionally, from boat ramps to shooting ranges, artificial reefs to educational programs, Florida's more than 7 million hunters and anglers fund and support access to fish and wildlife resources for everyone to enjoy.
Celebrate National Hunting and Fishing Day with the Florida Fish and Wildlife Conservation Commission (FWC) Saturday, September 24th, by getting outdoors and appreciating the contributions to conservation and wildlife that hunters and anglers make daily.
“Through the federal Wildlife and Sport Fish Restoration Program, millions of dollars a year from license, hunting, fishing and boating purchases are returned to Florida to support conservation of and access to Florida's natural resources,” said FWC Chairman Brian Yablonski. “National Hunting and Fishing Day is a great way to celebrate what started as a seed of sustainability planted a hundred years ago by early conservationists such as Theodore Roosevelt. That seed of sustainability has turned into the greatest conservation success story of all time.”
Whether you participate in outdoor activities or not, you too can contribute today by purchasing a hunting or fishing license.
Nearly 100 percent of the money spent on licenses goes to the FWC to connect kids with the outdoors, support science-based management, and expand access to shooting sports and fishing opportunities.
Purchase your license today by visiting GoOutdoorsFlorida.com, by calling 888-FISH-FLORIDA or 888-HUNT-FLORIDA or by visiting your local tax collector or bait and tackle shop.
Already have your license? Another way to support conservation is through the Wildlife and Sport Fish Restoration Programs. Every time you purchase equipment for hunting, fishing and boating, the industries that make that equipment contribute funding for fish and wildlife conservation at the state level including here in Florida. Since the 1930s, over $354 million has been provided to Florida for conservation efforts through Wildlife and Sport Fish Restoration Program grants. So when you buy gear for your next hunting or fishing trip, take pride in knowing you are playing a part in conservation through these purchases.
“In addition to providing funding through purchases, hunters and anglers can contribute physically to the resources they enjoy,” Yablonski said. “You can be an essential partner in wildlife management by providing the FWC and other agencies with important information on what is happening in the woods and on the waters of Florida.”
You can also contribute by joining a sportsmen's group or conservation organization dedicated to on-the-ground projects that benefit fish and wildlife – everything from cleanup days on public lands to wildlife habitat enhancement projects.
Reconnect with family, friends and nature today by enjoying all that Florida's outdoors have to offer.
Night view of Brickell from the Brickell Key Bridge (Credit: EdoDodo)
1. Developers back voluntary housing revision over mandatory plan [Daily Business Review]
2. Senators say EB-5 Visas should be fixed - or deep-sixed [Wall Street Journal]
3. GL Homes' 3,900-unit project west of Acreage clears early hurdle [Palm Beach Post]
4. First phase of West Palm's waterfront art parks starts Tuesday [Palm Beach Post]
- Sean Stewart-Muniz
Chris Bosh (Credit: Keith Allison)
1. Miami Heat star Chris Bosh sued by interior designer [TMZ]
2. Three big development applications filed in Palm Beach County [SFBJ]
3. Miami's refurbished stadium will be decked out in street art [New York Times]
4. Single-family rentals on the rise in South Florida [Sun Sentinel]
- Sean Stewart-Muniz
Over a year ago, Biscayne National Park officials approved a plan that will place over 10,000 acres of prime fishing areas off limits to recreational fishermen, despite strong opposition from anglers and the state, and a total lack of scientific backing.
Fortunately, Florida's Congressional delegation has been working to rectify this poorly-conceived plan, but we're running out of time. Please take a moment to sign a petition urging Congress to stop the Biscayne marine reserve before the clock runs out at the end of the year.
Championed by Reps. Ileana Ros-Lehtinen, Carlos Curbelo and Mario Diaz-Balart, a bill passed the U.S. House of Representatives that would ensure the State of Florida has a say in these decisions before the federal government closes down fishing in state waters.
In the Senate, a bill sponsored by Senators Bill Nelson and Marco Rubio would prevent fishing closures in Biscayne National Park that are not developed in coordination with the state and are not based on sound fisheries management principles.
While we've seen significant legislative progress, unless a bill gets signed into law before the end of the year, all these efforts will be in vain and we'll have to start over from scratch when the next session of Congress starts in 2017. We can't let that happen.
Please take a moment to add your name to this petition and make sure our Florida delegation knows that they need to act now to stop the Biscayne marine reserve – please share this petition with family, friends, colleagues and supporters today!
Shahab Karmely, Jay Parker and Mayi De La Vega
With just weeks to go before The Real Deal's biggest ever South Florida Real Estate Forum & Showcase, we're rolling out the latest round of industry heavyweights to join our expert panels.
Jay Parker, CEO of Douglas Elliman's Florida Division; Miami and New York developer Shahab Karmely, CEO of KAR Properties; and Mayi De La Vega, CEO and founder of One Sotheby's International Realty, have recently confirmed as panelists for our October 20 event at Wynwood's Soho Studios.
The trio join an already all-star cast of real estate players who will come together to dish on the latest market trends, share their outlook for the future and explain how they're preparing for a post-peak Miami. They will be joined by Sam Nazarian (SBE), Edgardo Defortuna (Fortune International Group), Donna Abood (Avison Young), Keith Menin (Menin Hospitality), Inigo Ardid (Key International), Gil Dezer (Dezer Development), Jill Hertzberg (Coldwell Banker) and Andres Asion (Miami Real Estate Group).
Clockwise from left: Sam Nazarian, Jill Hertzberg, Keith Menin, Inigo Ardid, Edgardo Defortuna, Gil Dezer, Donna Abood and Andres Asion
Here's the schedule of events:
11:30 a.m. “Developers get creative: Financing deals as lenders tighten the purse strings amid global market uncertainty”
1 p.m. “Commercial overdrive: Examining the flurry of activity across SoFla's retail, hospitality and office markets”
2:30 p.m. “Post-peak planning: Analyzing the future of South Florida's residential market”
4 p.m. Q&A (TBA)
Click here to buy your ticket for a can't-miss day of networking, learning and dealmaking. For more information on becoming a sponsor, email Forum@TheRealDeal.com.
