Alan Levan, the former chairman of Florida-based BankAtlantic Bancorp, has been found responsible by a federal jury for intentionally defrauding investors in 2007 right before the bottom fell out of Florida’s housing market. Levan will not face criminal charges, as the judgment came as the result of a civil suit…
A 935-foot skyscraper has been proposed for downtown Miami. It’s dubbed “The World Trade Center of the Americas” (which isn’t a sensitive and awkward choice of names at all), though there will more than trade going on there. The plan calls for a mixed bag of residential units, hotel rooms,…
Thanks mostly to tourists with fat wallets, the retail sector in Miami has reached an all-time high, and retailers are scrambling to get a piece of the action. Retail space vacancy rates have hit 3.8 percent, and the average rent in the third quarter of 2014 was $45.18 per square…
If you happen to have tens of millions of dollars and are on the look out for a new home that was once occupied by a celebrity, we have some good news and some bad news. The bad news first, just to get it out of the way: After a…
In this week’s Miami New Times, we profile 30 of the most interesting characters in town, with portraits of each from photographer Stian Roenning. See the entire Miami New Times People Issue here. The bright pink and green “For Sale” signs are everywhere in Wynwood, the Upper Eastside, Little Haiti,…
In this week’s Miami New Times, we profile 30 of the most interesting characters in town, with portraits of each from photographer Stian Roenning. See the entire Miami New Times People Issue here. Just a few yards from the buzz of Biscayne Boulevard, Avra Jain sits by the pool at…
Perhaps you’re worried about paying your rent, or you’re kind of angry the Subway value meal deal went from $5 to $6, or you’re busy looking up instructions on how to make thrifty DIY holiday gifts for your family right now. Well, boy, do we have some good news for…
Your Amazon packages could start arriving even sooner. The company has signed a lease to open a 335,841-square-foot warehouse and distribution center in Doral. That will bring about 500 news job to the area, and there’s even talk of Amazon opening an actual brick-and-mortar store in the area…
“Once known for its flair of a by-gone era, Mid-Beach on Miami Beach, now coined the ‘Wunder Mile,’ has been getting a major face-lift,” reads a press release. Our first thought was obviously, “Wait, since when has that area ever been known as the Wunder Mile?” A quick Google search…
A sprawling 23,000-square-foot modernist mansion has hit the market in the exclusive enclave of Golden Beach for an eye popping $36 million. The catch: the beachfront home doesn’t even exist yet. Developer Jacob Abramson doesn’t actual even plan to break ground on the eight-bedroom, 12-bathroom manse until the second quarter…
Parts of downtown Miami have become almost unrecognizable since 2000. Few urban cores have remade themselves in the new millennium the way downtown Miami has, yet the area continues to get criticism for being a place that still isn’t quite suited for living full-time. Well, the Downtown Development Agency has…
Pharrell Williams’ life is better than yours. His music career is back and better than ever. His style is fawned over. He’s a judge on one of the biggest shows on television at the moment. But not everything is going well for ol’ Pharrell. He can’t sell his Brickell penthouse…
SoHo Beach House: $460,000. Prime Italian restaurant: $280,000. Blockbuster video: $25,000. It reads like a bill for a raging Art Basel party. In fact, it’s just a few of the fees that local businesses owe the City of Miami Beach. Because of billing mistakes and lax enforcement, however, officials now…
If Bay Harbor Islands, the two-island, 5,000-person town on Biscayne Bay between North Miami and Bal Harbour, is known for anything, it’s MiMo architecture. But at a commission meeting earlier this week, the town moved closer to breaking away from the county’s historic building preservation rules, and some town residents…
The Miami Marine Stadium is coming back. It’s really coming back. After sitting dormant and abandoned for over 20 years, the Miami International Boat Show is expected to announce that they’ll move their 2016 and 2017 editions from Miami Beach to the Virginia Key aquatic stadium. Though renovations haven not…
Sears, the department store that time, fashion trends, and shoppers forgot, is struggling nationwide. Decades of dwindling sales have put the once-great chain’s future in question, but the company has proposed a radical strategy for its location at Aventura Mall that may signal the future of the company. Sears execs…
On October 20, blogger Al Crespo published a story lambasting SkyRise developer Jeff Berkowitz as “duplicitous” and a “hypocrite” for seeking public funds for the massive and controversial building project, which stalled in the county commission yesterday over a proposed $9 million subsidy. Now, Crespo says the developer is hitting…
Months if not years late to the story, the New York Post decided to check in this weekend on development in Edgewater. According to the Post’s take, the area was full of “vagrants” before and is now quickly turning into some family friendly area where actual Miamians will live and…
Divine intervention it is not, but a last minute decision by a city official has thrown a Miami Beach mega development project into sudden disarray. Earlier today, Miami Beach’s special master ruled that the city’s Historical Preservation Board had erred in approving a controversial plan to turn a historic church…
The internet is constantly ranking cities to the point where we wonder if there’s any criteria left to rate cities by. Well, Real Estate firm Redfin has come up with a novel ranking: toilets per capita. As it turns out, Miami has the least amount of residential toilets per capita…
When news broke that County Mayor Carlos Giminez was mulling a plan to give millions in subsidies to the oddly shaped SkyRise observation tower, his administration also noted it wanted to shepherd money to 20th Century Fox’s plan to build a theme park on land near Zoo Miami. But details…
Lincoln Road’s transformation from bohemian strip to a sunny urban outpost for suburban mall chain stores continues. The nonprofit ArtCenter South Florida has sold their outpost at 800 Lincoln Road to developers for a tidy $88 million. See also: ArtCenter/South Florida Is Selling Its Iconic Lincoln Road Gallery Building…
