Miami Condo Market and Lifestyle Updates
Jorge Perez Wants S. Miami Avenue Transformed into a Pedestrian Mall

Jorge Perez Wants S. Miami Avenue Transformed into a Pedestrian Mall

by Sep Niakan | July 09, 2013

Jorge Perez

Are you a fan of the Lincoln Road Mall? If so, then developer Jorge Perez’ idea to turn part of South Miami Avenue into a similar structure may be to your liking. Already overseeing the construction of a condo-hotel project on South Miami Ave., Perez is currently in talks to complement his new project with a pedestrian mall.

Discussions are underway for a test program that would see the area along Miami Ave from Eight Street to Thirteenth Street closed on the weekends, though no serious feedback has been received from the city at this time. Perez is already attempting to incentivize a pedestrian-friendly atmosphere by promoting the idea of people parking at the newly constructed 3,000-capacity parking lot recently placed at Brickell CityCentre. The developer has also expressed interest in purchasing the Capital at Brickell site but is considering that he may already have enough land for the project.

Partnering with Sam Nazarian, the L.A.-based nightclub entrepreneur, Perez is developing the $300 million SLS Brickell condo-hotel with an eye towards wealth foreign buyers, who are predicted to purchase the lion’s share of the $500+ per-square-foot condos. Hotel rates are expected to settle at the near-$300 nightly rate. In addition to the bevy of luxury condos and hotel suites, the structure will include 15,000 feet of meeting space, two pools, a spa, and restaurants operated by chefs Jose Andres and Michael Schwartz. 

 

The planned SLS Brickell condo hotel project will have a Katsuya restaurant Brickell CityCentre will share hte Pedestrian Mall

 

Recent posts

Lifestyle

Car-free in Miami: How to Give Up Your Car for Lyft and Uber . . . and Love it.

by Sep Niakan | November 29, 2016

This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...

Real Estate News

How Miami Condo Sales Will Benefit from New FHA Lending Rules

by Sep Niakan | November 24, 2016

Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...

Real Estate News

Reflecting on BrickellHouse Robotic Parking Garage Failure

by Sep Niakan | November 22, 2016

It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...

Real Estate News

What’s behind Downtown’s Latest Population Explosion?

by Sep Niakan | October 31, 2016

From a humble 9-to-5 district to after-dark playground for the it-crowd, Downtown Miami has had quite a turnaround in the past decade or so. According to the latest Miami Downtown Development Authority report, there are now 88,540 residents in...