January 14, 2015
Top 10 real estate scenes in movies: VIDEOS
November 22, 2010
Q: Will there be a “Season” this year?
February 03, 2010
Truth About Foreign Buyers
October 23, 2009
Latest News On Miami Beach's High End Real Estate Market
August 25, 2003
Jeri Jenkins Named One of the Power Women of Real Estate
Bal Harbour Shops Expansion Refined, Detailed in New Renderings
July 03, 2015

Bal Harbour Shops has released new renderings of the mall's planned expansion, which would include a land swap with the Village of Bal Harbour that still has to be approved by voters, a new mall entrance, more generous public amenities, new boutiques, expansions to both existing department stores, and the addition of a Barneys New York. The Village Hall is no longer being relocated, but the Church by the Sea's land is still part of the deal (update below). Overall, the renderings give a much more detailed look at Bernard Zyscovich's design for the project, and make earlier renderings look like barn-sized shoeboxes covered in mountains of greenery.

UPDATE: Although current plans submitted show Village Hall remaining, negotiations for its replacement in a new location are still ongoing.


READ MORE HERE: http://miami.curbed.com/archives/2015/06/16/bal-harbour-shops-expansion-new-renderings.php

Tuesday, June 16, 2015,
Sean McCaughan  

Barry Sternlicht picks up Miami Beach land for $17M 
A rendering for a home that could occupy 2374 North Bay Road (credit: Kobi Karp Architecture & Interior Design), and the vacant lot prior to construction  

Starwood Capital CEO plans to build a home on site

A waterfront lot on North Bay Road just sold for $17 million to an affiliate of Starwood Capital Group, an investment company with about $42 billion in assets under its control.

The property, at 2374 North Bay Road, was purchased by a company titled BSS Miami in a deed filed in Miami-Dade County records on Friday. That company also filed a notice of commencement to build a single-family home on the 0.7-acre lot, which was signed by Barry Sternlicht, chairman and CEO of Starwood.

Barry Sternlicht, CEO of Starwood Capital (credit: Marc Becker)

The lot was sold by Bart Reines, head of the Bart Reines Construction company. Reines’ company was named on the commencement as the home’s contractor. He has built a number of homes on Miami Beach, the Sunset Islands and La Gorce Island, according to the company’s website.

Reines purchased the property for $10.2 million in 2014 — nearly $9 million more than it last traded for in 1999 — but he still walked away with a hefty profit from the sale this year.

He also apparently kept the contract to a build a home on the site, which the South Florida Business Journal reported had been under construction ever since Reines first purchased the land.

Kobi Karp, a well-known architect in South Florida, has a rendering for a mansion at the North Bay Road lot on his firm’s website. Kobi Karp Architecture is also named as a contractor for the site in a May 2014 building permit.

Sternlicht was part of a joint venture with developer Richard LeFrak that recently completed the 1 Hotel & Homes on Miami Beach. The 426-room hotel opened in March, and more than 100 of the development’s 156 condos have been sold.

June 15, 2015 03:45PM 
By Sean Stewart-Muniz
Honoring the top .1% of all Coldwell Banker Residential Real Estate Associates in Florida.
Honoring the top .1% of all Coldwell Banker Sales Associates Worldwide.
Filmed for TLC's Documentary "Million Dollar Agents."
"Power Women of Real Estate."