Miami Condo Market and Lifestyle Updates
Trendy Mixed-Use Project Coming to Edgewater in November

Trendy Mixed-Use Project Coming to Edgewater in November

by Sep Niakan | May 27, 2015

Richard Meruelo, a developer for Rebuild Miami-Edgewater, is working on a new mixed-use project in Edgewater that he believes is mere months away from beginning construction.

The project will have a hotel, retail, residential, and restaurant component, which some believe will bring some life to this slower area in Miami.

Meruelo and his company bought the 7.35-acre plot on the corner of Northeast Second Avenue and Northeast 17th street for $64 million. The plot is zoned for a maximum of 3 million square-feet.

Part of this project will be a Vib (pronounced Vibe) hotel, which is a brand owned by Best Western. The Vib hotel will be 10 floors tall, and will house 200 rooms. Construction is expected to begin in November 2015.

“The site where we are developing Vib is an eclectic neighborhood full of art studios, hip restaurants, and independent shops and is home to Miami’s famous festival, Art Basel, “Meruelo said, “Our family has been involved in developing and investing in Miami for many years and we view this project as an example of our continued commitment to investing in our communities. This project will add to the vibrancy of the Arts and Entertainment District and be a boost to the local economy.”

 

Source: thenextmiami.com

Photo credit: Vib Hotel concept - thenextmiami.com

Recent posts

Real Estate News

Luxury Miami Condo Report: Dec 2017 and 2017 Annual Report

by Sep Niakan | January 21, 2018

Miami Luxury Condo Market Summary City and Neighborhood Luxury Condo Reports              Miami Beach Luxury Condo Report                        ...

Real Estate News

Monthly Pre-Construction Update - December 2017

by Sep Niakan | January 17, 2018

Taking a cue from the New Year and new beginnings, we saw the condo pre-construction market make three ground breakings this December. After months of silence, there was finally some hustle from developers at Resorts World Miami. Ritz-Carlton...

Lifestyle

Cheers to a New Year and New Beginnings…

by Sep Niakan | January 05, 2018

Welcome to the other side of the New Year! The side that’s made up of fresh energy, brand new ideas and a whole 365 days of infinite possibilities.   A lot of people consider January to be the month when the festive season and all its...

Lifestyle

Events for a Joyful January in Miami

by Sep Niakan | December 31, 2017

The Holiday season may be over, but the festivities don’t have to stop if you’re in Miami. Take a pick of your favorite music, art, fitness or film festival below and let the merriment continue into January 2018.   Miami Cruise...