Scott Sherman still remembers when landlords could get top dollar asking rents for retail and restaurant spaces on Lincoln Road, the outdoor pedestrian mall in Miami Beach. “Eight years ago, rents got ridiculous,” Sherman, who leads Miami-based Torose Equities, told The Real Deal. “They went from $150 to $300-plus a foot. Restaurants fled, national brands downsized and the street lost its energy.” Sherman, who was among the landlords steering the Lincoln Road Business Improvement District in the 2010s, returned to[...]
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Bercow Radell Fernandez Larkin & Tapanes is honored to announce that three of our attorneys have been shortlisted as finalists for the Chambers and Partners Diversity & Inclusion Awards. For over a decade, the Chambers Diversity & Inclusion Awards: North America have showcased the best in diversity & inclusion, pro bono, corporate social responsibility and environmental work from firms and in-house teams across the continent. Now in its eleventh year, the annual awards bring together the legal community across the[...]
Read MoreA shopping center near the Hialeah Tri-Rail/Metro Transfer Station could be redeveloped into a 10-story multifamily tower. The City Council will consider the small-scale land use amendment and a variance request for the 0.62-acre site at 1067 E. 25th St. on May 10. It would change from “commercial” to “transit-oriented development district” to take advantage of the public transit station one block to the east. This would continue the trend of redeveloping the largely commercial and industrial sites around Hialeah's[...]
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Developer JDS has released a photo of a scale model of their Major supertall tower planned on Brickell Avenue. The 82-story, 1,049-foot project also continues to move through the approval process with Miami-Dade planners. On April 14, Miami-Dade planners released comments to the initial design, with a request for: Wider sidewalks More landscaping Pedestrian access prioritized over driveway access Electric vehicle charging stations and bicycle parking Shade trees instead of palm trees proposed at ground level Major is planned to[...]
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At the entrance to South Beach, vertical construction now appears to be underway at the Five Park tower, which is set to become the tallest ever in Miami Beach. A tower crane was installed in recent months for the 44-story tower, which will rise 546 feet. Five Park will become an “iconic landmark,” developers have said. It will have 280 residential units. According to Mayor Dan Gelber, the adjacent 3-acre public park that was built by developers as part of[...]
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Miami Beach commissioners voted last week to move forward with several mixed-use developments to replace surface parking lots serving Lincoln Road in South Beach. One of the development teams also revealed more details of the project they plan to build, to be called The Gardens at Lincoln Lane. The Gardens at Lincoln Lane will be developed by a joint venture between Starwood Capital Group, Integra Investments and The Comras Company, under an entity called Lincoln Road Property Owner L.P. The[...]
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