Redevelopment Plans Will Add 10 Stories to a 90 Year-Old Building in Downtown Miami
by Sep Niakan | December 29, 2015
One investment group has decided to convert a 90 year-old buliding in downtown Miami into a hotel by adding ten floors on top of it.
Dream Downtown, LLC paid $9.2 million for the Dade-Commonwealth building, which was built back in 1925, located at 139 Northeast First Street.
The investment group, which includes one French investor, intends to revitalize the building in a year and a half. Plans for the redevelopment have not yet been released, but they are expected to be given out soon.
The building itself was constructed back in 1925. Originally it had 17 floors, but the year following its construction, a hurricane blew off ten stories. To add to the complications of the redevelopment, the Dade-Commonwealth Building has not passed Dade’s 40-year recertification.
Photo credit: thenextmiami.com
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...
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...
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...
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...