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From left to right: Commissioner “Chip”
Withers, Vice Mayor Bill Kerdyk, Mayor Don
Slesnick, City Manager David Brown and Ponce
Circle Developers Managing Partner Ralph Sanchez at
the Old Spanish Village groundbreaking. Photo by Gort
Productions |
Groundwork has gone too long without any announcements of
new projects, but at last: a hard hats and shovels photo.
Recently, Ponce Circle Developers (a joint venture of
Sanchez Group Inc. and Mas Group), along with Coral Gables city
officials, hosted a launch celebration for Old Spanish
Village, the largest mixed-use development currently under
way in downtown Coral Gables. Old Spanish Village will feature a
combination of luxury townhomes and condominiums, with retail
and offices to follow on the 7.2-acre site.
The festivities
centered on the restored art and architecture building
constructed by Coral Gables founder George Merrick in
1926, which is now the Old Spanish Village Sales Gallery. There
was also a Spanish-themed tent complete with guitarist and
flamenco dancers.
Spectrum
Introducing an
occasional series highlighting the range of prices you’ll pay to
put a roof over your head in
Miami-Dade
County,
where the asking prices in the current buyers’ market are shown.
These prices could drop an undetermined percent, depending on
such factors as location, realistic starting price and the
anxiety level of the sellers.
First on the
list: A 1,404-square-foot condo, unit 409, in
Belle
Plaza,
at
20 Island Ave. on the Venetian Causeway in Miami Beach is priced
at $475,000 (or $339 per square foot).
The
full-service building, a 15-story mid-rise overlooking Biscayne
Bay, was built in 1962 and offers a large heated pool and spa,
valet, doorman, tennis, parking and boat dock. The two-bedroom,
two-bath corner unit has views of the water, canal and Lincoln
Road, and features high ceilings, huge closets and an open
balcony. Marjory Dressler of Majestic Properties,
based in the
Lincoln Road
office, at
1682 Jefferson
Ave., is
the listing agent.
Farther north
is an oceanfront condo on the market for $3.6 million. Lanai
No. 304 is one of two in Turnberry Ocean Colony’s new
high-rise at 16051 Collins Ave. in Sunny Isles Beach. No
elevator ride is needed to reach this 3,500-square-foot (under
air) unit with a 2,000-square-foot private terrace. Plus, it has
a private entry from the lobby level and direct access to the
pool and beach. The four-bedroom, six-and-a-half-bath unit
features 15-foot ceilings and floor-to-ceiling glass walls
looking out to the ocean. Other niceties include a den, laundry
and a large storage room with dehumidifier. The luxury tower has
all the usual amenities — pool, health club, spa, valet,
concierge, etc. The lanai also rents for $12,000 per month.
Alexandra C. Rutten at Turnberry International Realty
in Aventura has the listing.
When the price
is right
With the real
estate market deep in doom and gloom, Miami Mayor Manny Diaz
is forging ahead with his goal of building $1 billion in
affordable housing projects in the city by 2010.
This week, the
mayor, City Commissioner Joe Sanchez, CODEC Inc. President
Guarione Diaz and other guests ceremonially dug in for the
groundbreaking of the $12.5 million La Palma Apartments,
an affordable senior rental building slated to rise at 1040 S.W.
First
St., in
the heart of Little Havana. La Palma Apartments will feature 90
one-bedroom, one-bathroom units, as well as an additional unit
for an on-site manager. The project is being funded mostly by an
$11 million grant from the
U.S.
Department of Housing & Urban Development.
The city is providing $485,191 in HOME funding and $255,808 from
the Affordable Housing Trust Fund. Miami-Dade County is
providing $1 million for the project.
Two weeks
prior, the mayor and assorted VIPs wielded scissors for the
official ribbon-cutting of a three-bedroom, two-bathroom home at
1533 N.W. 58th Terrace in Liberty City. The home is one of
several being developed by Miami Dream Homes Investment
Group, Inc. on parcels conveyed by the city’s Department of
Community Development, which are designated for affordable
housing development for low- and moderate-income families.
The event
marked the official kickoff of the Soul Lives in the city’s
“Experience the Soul” campaign, an effort spearheaded by the
Liberty City Community Revitalization Trust and the
Carrie Meek Foundation to bring residents back to live,
work, play and learn in the city of Miami’s “District 5”
communities.
Web site of the
week
A new Web-based
service, VizzVox (www.vizzvox.com), allows owners (or their real
estate agents) to sell their homes through self-created
commercial ads in which they make the pitches using their own
voices. For a fraction of the cost of making a high-definition
video or using 360-degree panoramic photos, VizzVox offers a
package that includes domain name registration for the property,
hosting of the commercial on the Web site for a year, and the
use of the Web-based software to create the presentation. After
uploading digital photographs and video clips to the site, you
can take the microphone and talk about the selling points of the
home and the neighborhood. VizzVox does the technical stuff and
puts it all together.
Buzz
Integra Realty
Resources, Miami,
a major independently owned South Florida appraisal and
consulting firm, just got bigger with the merger of appraisal
practice Hemingway & Gunter Commercial Group, LLC. Real
estate guru Michael Y. Cannon has been named executive
director and Mark A. Cannon continues as director for the
residential division. William R. Hemingway and Greg R.
Gunter are now co-managing directors of Integra’s office.
Its specialty practice includes real estate market analysis and
consulting for public and private entities, valuation of unique
and complex properties, ownership interests, dispute resolution
and litigation support advisory services.
Kudos to…
Alicia Cervera
Lamadrid,
top real estate broker and president of Miami-based sales and
marketing firm
RCRS,
on receiving the Best Entrepreneur in the Service
Business Award (up to 2,500 employees category) at the
2007 Stevie Awards for Women in Business held at
Caesars
Palace
in Las
Vegas
earlier this month. She was one of 43 outstanding women
recognized at the fourth annual awards presentation, which
honors exemplary women entrepreneurs and executives worldwide.
Coming Up:
The Preview
Gala for the 21st Annual Festival of the Trees takes place
Thursday, Nov. 29, from
6
to 9
p.m. at
One
Brickell Square,
801 Brickell Ave., Miami.
On display: 16
original, multidimensional holiday trees created by top local
design professionals. The gala preview raises funds to benefit
Florida International University’s School of Architecture
Interior. It includes drinks, music and a lavish buffet with
roasted suckling pigs. Tickets are $40 in advance and $50 at the
door.
The Festival of
the Trees exhibition continues through Dec. 27. The exhibit is
free and open to the public seven days a week from 8 a.m. to 7
p.m. Call Janine King at FIU for more information at
305-348-3181 or log in to www.festivalofthetrees.net.
Please send news items on Miami-Dade real estate to
hhill@miamisunpost.com.
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