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Rachelle Hirt's Blog

By Rachelle Hirt | Agent in Miami Beach, FL
  • CitiCentre Breaks Ground!

    Posted Under: Shopping & Local Amenities in Miami Beach, In My Neighborhood in Miami Beach  |  June 28, 2012 7:58 AM  |  476 views  |  No comments


    Hong Kong-based developer Swire Properties broke ground today on its massive Brickell CitiCentre project in downtown Miami, in what could be the beginning of substantive westward expansion across South Miami Avenue. The nine-acre, $1.05 billion project is planned to include two office buildings, two residential towers, a hotel, a wellness center, service apartments and 520,000 square feet of retail and entertainment space.

    “The most important thing out of the many important things with this project is that they have moved progress toward the west,” Miami Mayor Tomas Regalado told The Real Deal. “Miami Avenue was just an imaginary line that developers wouldn’t cross to the west, and what this is doing to West Brickell is making it explode as a potential center for real estate and construction.”

    In recent years, some developers have begun crossing the “imaginary line.”

    Canada-based Ivanhoe Cambridge’s Mary Brickell Village has become a bustling retail center, and Jorge Perez’ Related Group already has 92 percent of units under reservation for its planned Millecento Residences just a few blocks south on South Miami Avenue.

    “[Swire] is going to start construction right now, and this will send a message,” Regalado said. “I promise you that all of this area, in the next two years, is going to be changed.”

    The project’s first phase is slated for completion in the first quarter of 2014.

    But while CitiCentre represents a shift westward, it’s also a significant sign from the East.

    Wednesday’s groundbreaking included a traditional Chinese blessing, a ceremonial beginning to what the city hopes could be increased growth in investment from Asia (which began with Genting’s high-profile purchase of the Miami Herald’s headquarters on Biscayne Bay).

    “We hope it’s transformational,” Swire Properties CEO Martin Cubbon said. “We’ve done lots of projects like this in Hong Kong and China, and we feel very confident about this city.”

    The distance between East Asia and Miami continues to represent something of a roadblock for investment, he said, but Miami is starting to be perceived as a potential investment target in Asia.

    “It’s a long way from Asia, but I think [the perception] is changing,” he said. “When people who know us in Asia see what we’ve done, they’ll take note. People from Beijing and Hong Kong will like Miami — so I think you will see the beginnings of more investment. How much there will be will depend on the opportunity.”

    Written By Alexander Britell/The Real Deal

  • Mega Mall Coming To Brickell

    Posted Under: Shopping & Local Amenities in Miami Beach, Market Conditions in Miami Beach  |  May 20, 2011 1:11 PM  |  2,036 views  |  1 comment
    A massive new mega mall planned for downtown Miami has local shoppers ready to spend and local politicians seeing dollar signs.

    The massive Brickell CitiCentre consisting of more than five towers will rise from the land bordered by Brickell on the East, Southwest 1st Ave. to the west and between Southwest 8th and Southwest 6th St.

    The complex will be bigger than the Dolphin Mall’s 1.4 million square feet of retail space, bigger that Sawgrass Mills Mall — in fact about double the size of Sawgrass — at 4 million square feet.

    ”This is the biggest private works project in the U.S. this year

    , this is the biggest private works project in America,” said Miami City Commissioner Marc Sarnoff. “It’s going to bring Miami into the epicenter of retail shopping and that includes Coral Gables and even Aventura.”

    The project will create 1,700 construction jobs every year for the four years it will take to complete construction. When it’s finished there will be 3,800 permanent full time jobs here.

    And taxes will bring some $15 million to the city and county.

    The City Centre will house not only retail shopping but office space, apartments or condos, and a hotel.

    “I think that would be great. I don’t thank we have enough along Brickell,” said shopper Caline Assilan.

    Restaurant operator Alex Pilat is hiring now, and sees a need for more workers and dollars signs. He just opened his sandwich shop right across from the site of the planned mega mall.

    “It’s going to be excellent,” said Pilat. “It’s going to bring more people to Brickell and give people here more choices.”

    “This is the biggest thing to happen in Miami in about 12 years,” Sarnoff said.

  • THIS PLACE COULD RIVAL RODEO DRIVE!

    Posted Under: Shopping & Local Amenities in Bal Harbour  |  March 13, 2011 1:18 PM  |  1,126 views  |  No comments
    Just this past week I took a client to the Shops At Bal Harbour, his only complaint, "It's really nice but not a lot of shops." Well it seems the owners of the mall agree, they are proposing a massive expansion that would include a movie theater and dozens of additional stores to choose from. If this proposal passes this mall would rival Rodeo Drive, but that's just my opinion. Read on for further details ~ Rachelle Hirt

    Bal Harbour Shops proposes expansion

    Bal Harbour Shops

    The owners of the upscale Bal Habour Shops are considering a significant expansion of their property, with plans for a movie theater, 50 new designer retail shops and another department store, among others. "We have hundreds of luxury merchants that want to come to Bal Harbour," Whitman said. "Unfortunately we don't have enough space. If we don't expand they're going to go somewhere else: Aventura, South Beach, Merrick Park or Lincoln Road. Then they become stronger and we become weaker." It would be the first major expansion of the Shops complex, which is 46 years old. The plans are preliminary at this stage. [Miami Herald]

  • H&M and Miami Beach a match made in Heaven!

    Posted Under: General Area in Miami Beach, Shopping & Local Amenities in Miami Beach, In My Neighborhood in Miami Beach  |  February 25, 2011 8:58 AM  |  1,613 views  |  1 comment
    I know I am not the only one who has wondered why H&M hasn't yet opened in Miami Beach. Well, wonder no more, H&M is opening on Lincoln Road. All I have to say it's about time!

    For all of your up to the date real estate new the Rachelle Hirt Group at 305-491-6458.

    H&M to open Miami Beach store

    February 25, 2011 10:30AM

    Swedish retailer H&M will be opening its first Miami-area store in 2012 with a 20,000-square-foot location in the former home of the New World Symphony on Lincoln Road in Miami Beach, according to Lyle Stern of the Koniver Stern Group. The Miami Beach location will have two levels of retail space. H&M opened its first South Florida location in November at Palm Beach Gardens' Gardens Mall. [Sun Sentinel]

  • Downtown Miami - More reasons why this is the place to buy!

    Posted Under: Entertainment & Nightlife in Downtown Miami, Shopping & Local Amenities in Downtown Miami, In My Neighborhood in Downtown Miami  |  January 14, 2011 12:00 PM  |  1,221 views  |  No comments

    Three tenants sign on for vacant Macy's space in Downtown Miami

    January 13, 2011 04:30PM

    Three new tenants -- a jazz and blues club, a wine store and a Cuban coffee shop with outdoor space -- are lined up to fill portions of the former Macy's space in Downtown Miami. Barlington Group is attempting to lease a total of 20,000 square feet of space in Macy's west building on Flagler Street and Miami Avenue. Macy's still operates a store in its eastern building there. Kana Cuban Coffee, which is beginning a national expansion push, has taken 2,500 square feet in the vacated, west building. Avenue D, a new club by the owner of Brickell's Transit Lounge, will occupy 10,000 square feet, and that same club owner will also operate Kork Wine & Spirits in the basement. The remaining 7,500 square feet of space will go to a comfort food restaurant, said Bill Fuller, a managing partner at Barlington. [SFBJ]

 
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