Max Miami Revitalized as Residential Development after Seven Years
by Sep Niakan | June 23, 2014
The old Max Miami building in Miami's Omni area is changing from a mixed-use project to a residential development.
Max Miami was a 31-story tower proposed back in 2007 that had a variety of uses. It would include offices, retail space, hotel rooms, restaurants, and residential space. However, due to the decline of Miami's real estate market, the developer, Prema LLC, filed for bankruptcy leaving Max Miami to be auctioned off.
The 1.1-acre parcel was purchased by NR Investments, who submitted new plans for 513 residential units with 10,000 square-feet of commercial space in the beginning of June.
Miami's Omni Midtown Community Redevelopment Agency plans on looking over the new proposal on June 18 to determine the best course of action.
NR Investments has the ability to earn a $7 million subsidy over the next 15 years if their plan is approved. The subsidy would be an annual rebate on the taxes collected from the project site for the property. NR needs to put forth $2 million on street and sidewalk improvements by 2017 if they want to receive the possible subsidy.
Photo credit: Max Miami - exmiami.org
by Sep Niakan | November 02, 2017
It’s Thanksgiving month and you’ll have plenty to be grateful for if you’re in Miami. The run up to the holiday season just got more exciting. Catch comedy nights, live concerts, art shows, parades and even a NASCAR championship...
by Sep Niakan | October 29, 2017
From Hurricane Irma’s impact to change of sales teams, we have it all covered in our September Issue of pre-construction news from Miami’s condo market. Read on to know more… Completed Louver House...
by Sep Niakan | October 23, 2017
Love the finer things in life? Swear by your brands? What if you could “live” in one of your favorite brands? In Miami you can do just that. From Fendi to Armani and Porsche, the luxury branded condo trend has hit Miami in a big...