11-09-08 - Market’s Collapse Echoes in a Manhattan Tower [The elevators work fine, the views are great, the offices have been refurbished and no one is complaining about rats. In so many ways, the green-tinted, 41-story office tower overlooking Bryant Park seems a desirable address. Many firms that signed leases at 1095 Avenue of the Americas say they no longer can afford the spaces, or do not need them as a result of layoffs.
So why are tenants who rushed to rent space a year ago in the building, at 1095 Avenue of the Americas, rushing to break their leases now?]
FLORIDA MARKET: BALLYHOO AND BARGAINS: "Prices have been flat for several years and the market is awash with real estate. As a result, many sellers are willing to accept considerably less than their asking prices, according to market analysts. The best deals are on about 5,000 high-rise condominium units - primarily in Miami, but scattered around the beaches of both coasts - that have been sitting vacant for several years. And since there are so many expanding projects, developers are quite competitive and more than willing to negotiate; many will immediately offer to pay closing costs and travel expenses." April 28, 1987, The New York Times [The date is correct: 1987.]
October 2006 -- Tampa
-- The Venu,
a 50-story downtown condo skyscraper planned with
construction to begin in 2007. The developer and architect
have put together an exceptional video
of the project. Click
here for more Tampa developments (Element, SkyPoint,
Plaza at Channelside, TWELVE, Royal, Boulevard, Marina
Tower at New Port Tampa).
August 2006 -- Miami-Dade
-- Downtown Doral plans
announced...to include several high-rises, the first will
be the Cardinal, a 16-story 205-unit condominium overlooking
the Doral Golf Resort & Spa’s Great White and Blue
Monster golf courses.
Everglades on the Bay - a new downtown Miami urban-living skyscraper project consisting of 870 affordable lofts and condos while promoting the styling and boldness of the construction of Brickell and Miami Beach. The two 49-story towers are green, of course, and located directly on Biscayne Boulevard replacing the 17-story Everglades Hotel built in 1926.
Trump Tower Tampa - Trump Tower Tampa news links - Sept 07: still a go; working on finances, and Donald Trump's participation. This is the formally unnamed 52-story mixed-use luxury condominium project at the vacant 1.5 acre Ashley and Whiting highrise site along the Hillsborough River. Trump Tower Tampa information page.
50 Biscayne - at 54-stories will be one of Miami's tallest buildings. The Related Group's plans call for 523 condo units ranging in price from $200K to $800K.
Metropolitan Miami - urban living at the core of downtown Miami. This is a mixed-use project with three residential towers. The first of the towers to be built, Met 1, will be 40-stories with loft-style and traditional condo-style units. Met 3 will be considerable taller than Met 1 and Met 2. MDM Development Group expects to invest $600 million in the project and anticipate completion in 2007.
