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1614-21 Various Miami Beach ; NEW MIAMI ,.. LANDMARK ..„. •7': The New Miami Guide to South Florida Real Estale/June 1991 , I.. . ...i . . I, ., ..-- • , ,-.. ..., . - c.- \ I•4 / •4 .-*,,,:. 'it*** . I„, 4 • t• I Am! _ , ., • ....,.. . . .t ./ ,.:3 ..r , . • 2 D , : ._ ___ - , ,— fi . t ,. . .1 . '.''. • . ' ••:', . ., • 1 . A city whose future . .., , • . hangs on its history • . .., . -,:y.-... . -. --. i.,, r, 6 -I." ' • t .,.. . •,t ..'420.• • .;'?';‘ .. , '1 il' ; 'Alf A '.'''• - .. . f ' '41,Y 4.' 7146100. .4'•'f"... ,..: n, i•% ' i ..-•4...• 14 i c 1.„.• : .1 . 4;4* '..•••:, .1/4 .` ' t • . '. 4.,•.‘„:•....,;' .'1'.:;', Alt*. ,,:.• ‘V‘ ' •.-•i . • - - lir , , de/ ,,,,,,, ,,,„.:-,,, ... ,7if: •- , .• .. , .,... ..,-..."A„ . .,ze . . .., QPi , '' P'•-.4.:f.,1•:.' $ , - -• , '''', . 1_, ,‘ •••:•1 ,- '-\tic-. I:"•:':t :. ;',1 • -..:-.. ., - , ,;'"fl.' • ::'' V.k-,'• '• %•1 ' I ..,. , e 1 .4_ , , ,,Afq 4•5t. s'.," i .4' . — ., Z. - 1,. ' •:N. I. W.) , 1 ' ' .' t , _ ., ... ‘,.. 41, It • i-.• • ••• . 4, . .; :I. • '' 11• ti , ' It! .1 .s 0 ' ..., I , , , -r..! 1, • 1 ,„./ . , ,.,. • .,....... II • - \ ..: ?„, •s., .• ';;,.e - - • , ., t .1.-.. ' ''''''• -, i. , • 122. __._-- ,./.. F ____ .2 / • %1-'9-e-lifiel"17$- .."'• ..f • • • . ,•_.*1 '- Li ,:. - Ifl • az•,. •-• i " •• amositii:- - -,.• • we. ^1-, i . -:— -- I •" al". .. • ,....r..., ..".,• • 'k!',.. 114\ . I ...............,. ....-4.-2,„ _ ..... ..0.r.42..i,-!6".....,`,61144-.104 t**42., %, 1 •• , . - . .4. • . . • • ,-4..,,,,,-.1 '4 •'", • l',A.T .7:,f,F,C40r.- ,., ,„z • , , I. • , , , : ' .„. • •,,,,, ,,,,,P.t.',1.4.. K.,'''', .,,, ,,,,,,, ts- .," ,..• - , . "•. ' . . 1' . '' •'''. •'•.'" ,'•*,''.41.4*Ikt;,"..': Irifkii;'t. • teitleiH •,,4fr l'"at' ''`,^, , 1°'-:- • ' ', ",,,, . . ' . '''''' q••:-.1,.-7; ,• t-`,* ...1•,; . .„. ..,..4,444,1,v.,.. ..:. . ).1,*., ....f ..s.".t.••.,..• ' ., I • AREA REPORT • I Miami Beach 1 WHILE PLANS FOR A BIG NEW HOTEL PROJECT DRAG ON, THE REVIVAL OF SOUTH BEACH PROVES HIP IS HOT by CHRISTOPHER BOYD Photos by CHRIS HETZER I ustafew short years ago,i hami Beach was one of South Florida's most rr,qibled cities.Its tax base was eroding faster It 1 the sand along its famed ocean front. A sx%.• :ung population of recently arrived immigra Ls had spawned a majorcrime wave,while 1, •ch ofits remaining ' population was aging in .''erty. Then,to the surprise L nearly everyone,a 4. 11110 major turnaround rook 'old in the South Beach neighborhoods rl:..t had suffered the t�$ most. Forces of redevelopmt and historic pres- ervation began transforming ab.l. caned crack house hotels into carefully refurbished partment houses. Artists, fashion photographers .t i youthful proles- er—4 ' sionals adopted the area as their • %cn,and with diz- ;,� eying speed,a full-tilt comebac6 ,%'as under way. i ''4,. Today,despite a real estate rect..--,ion that has sucked 1 1 some of the gusto tion) the r,• ival, South Beach I. I 9 ".z r remains a major economic engin,: that is pulling the ' ,., t;4;11 ; rest of the aging seaside resort a vn into the tilture. 1 c As that happens,urban planners., ,� evelopets and local — '© "A°=Ma 1\4.2 .' .r,zi 4 s_q 6 , interest groups are players in a coi petition for control . —• of the city's future. AIM -,• The transfbrmation of South ,.ach has created a '4 challenge to some long-standint ssumptions about ' r1 what is needed to save the lies-.u. The traditional ' r: ., '. ;: • 0 , 4' formula rests on redevelopment. !'roponents of that _ approach envision the construct ion of huge new Z -- ti ' resort hotels in blighted areas.,\l.uty of them see the � ;aa3 T=: expanded Miami Beach Convention Center as the \ -- impetus Icy that change. y • But a growing cadre of South It;uhdevelopers and _ \..\*4 . community activists place the , ,v's hopes for the - ` - -- future on the buildings()fits pas: hey argue that the ''"""`xY� f — mile-square Art Deco Historic strict is becoming The resurgence of South Beach's nightlife, Miami Brach's premier attractio' .Ind that areas that sparked by the renovation of places surround it will benefit,just as',Arts of New Orleans like the Waldorf Towers, prospered from the rejuvenation ,1 that city's Vieux has injected new life Quartier. into the area. "For a long time,the city later 11 the preservation movement as a tirrce opposed to 1 ,gross,"says Nancy Liebman,president of the Miami resign Preservation League,a newly powerlitl force city politics."The NEW MIAMI 61 MIAMI SURFSID: BEACH ,� a r� , , ,As ' Single Family Homes,42nd St.-87th St. I z wilim ,m March 89-90 March 90.91 ,f Sold 265 187 s*- NORMANDY Highest NI: $1,800,000 $1,400,000 r ISLES 1 Av.$ $224,481 $219,356 1`S�g�. S/sq.ft. $86.20 $87.30 • Noma° ` .1 LA CI t GORGE I. Illi Condos along Collins Avenue t ' March 89-90 March 90-91 tI Sold 979 936 t Highest Prii $560,181 $450,000 t t � - Av.$ $125,199 $87,361 °; $/sq.ft. $87.15 $85.35 r r c0 J 1 Qa I Qc r Single Fa. .1y Homes,Dade Blvd.-42nd St. • • March 89-90 March 90-91 tr Sold 84 58 $ 11111.t HighestPnre $930,000 $2,000,000 r Av.$ $282,039 $362,710 • w $/sq.ft. $94.03 $118.61 r a r • : il r ontainebleau 17,1 Single F.. iy Homes on the Islands SUNSET ISMarch 89-90 March 90-9r Sold 78 57 �� Highest Pr $1,000,000 $2,100,000 r J �a ass Av.$ $397,992 $478,100 i a Museum S/sq• •ft. $132 $170.12 BELLE / 17th St_ r 1 r / I , ILincoln Road Mall i .fl Multi-hi. iy(3 or more units) d Deco • o District .'arch 89-90 March 9U-91 r I. STAR L ao r Sold 12 243 r4%46 �' Highest$ $5,200,000 $1,515,000 r H r Av.$ $388,401 $336,981 5th St. • $/sq.ft $49.27 $45.67 all Apartmew Rental Rates es; ' . South $Range Avg.Rate . , Point Park Efficient:, $250-$650 $359.25 1•bedroor $325-$800 $494.00 t FISHER I. 2-bedroat 5400-51,200 $65695 `'")/ a3-bedroor 5650-51,500 $1,093.75 z _ ` h.Cli . 1 Mile `�'is Compiled by Jeffrey L.Newman 62 AREA REPORT continued new hotel rooms,the city should promote the restoration of a resource that already .- city tilt that the way to bring b.� k the city exists." was by expanding the convent..•it center. For the moment,the deep problems plagu- They never dreamed that the ru; town Art ing the nation's lending institutions have Deco hotels would be the major ..traction. made the development ofa new hotel mot. ;;;.:.:7.--- --‘ - t But,face it,for most of America Art Deco "The entire hotel development business is , is what people think about when icy think in what amounts to a depression,"says M. r 4 about Miami Beach." Chase Burritt, an analyst with Kenneth a �►, _--..- 1 ITt At issue is a conflict between micro and Leventhal&Co.in Coral Gables."There is 'l f macroplanning.Lastyear,theMarriott(:crrp. no way anyone is going to build a hotel - ''`/ proposed a huge redevelopmen plan for without having a tremendous amount of 1 South Pointe,the neighborhoixi I he city's equity to invest,and hardly anyone is willing t `y southern tip. It would have im (led two to take that kind of risk." ' 1,500-room hotelsandacollection i afsmaller, But Burritt agreed that a big hotel, orili _.:.t* resort buildings. Neighborhoi id forces several very large ones,will be needed. Essex House flaunts its Art Deco architecture. mounted a bitter protest again, the pro- posal,arguing its massive scale ss Inappro- priate. INSTANT ESCAPE TO PEACE AND QUIET! Though Marriott appears to ,ye aban doned the plan for financial r. ons, the showdown could prove to be a t4 •tplate for future debates. City planners e !time to n believe that a new oceanfront hi, d with at o least I,500 rooms is crucial to the:access of 1 the convention center.Since it wo utld prob- ably displace at least some of iii •\rt Deco hotels that now line the bead a future International Yacht Harbor has everything that you . proposal will almost surely spas, . a bitter desire... LOCATION ... SERVICE ... VALUE. political battle Hotel talk � ''. '-, - =` 4. ��- til 1r _ "There is no question that there will be a �' -.oft.- 1"...- ' ' + , w major new hotel within walking,�istance of _ .,,„ :,.;-,,,l," the convention center,"says Bru.-c Singer, • ----,7 -"" •.' I president of the Miami Beach (' II,4.4'.-1 ,.1.•;? �''- .umber of _ �; ,, Commerce. "We are now at a is. :at where • . i,.4, st : r we will need a great deal of ca it ration to r ,� 11 balance all ot•the interest groups this city. itirf 3c's ., a . a,.. :*-s w� ` 1believe that ifsomclxxiycomes, •nrcwith P. fi � ��. plans for a 1,500-room hotel a, .aid that - ± o'• .4: '�,': ::,-1.____„.'.,.r:r y 3 they needed to tear down a kw i ,tese I Art /'t. ."' i T `'Y – a� 4 Deco) buildings,that a oxnnpru, ac couldIC ... � �r„�_.,.- ., be reached." /; .. .. - --•_- .. y But some preservationists think other- \ 09 r wise. They say that the restoran as of the - t/ * 4 older hotels could create a sufficicut number ��� raik —_ of rooms,and that the city ougi to focus >�a . . ._ -.. its attention on creating a resen'a •n system • 5 minutes to the Atlantic that could allow convention t tracts to • 15 minutes to the Bay book hotel rooms through a con: .agency. Already,some of the old hoe near the • 15 minutes to Miami International Airport convention center have been rest...-ed. Last • We understand services and provide it! year,Malvern Group of Florida o. -tared the • Round the clock docking assistance Ritz Hotel on Collins Avenue. I •vier Vila, Malvern's general manager, say- 'he 120- • Texaco Star port room Ritz could be the first link i.,a web of ,f II . I hotels catering to the conventii :rade. I "There already are 2,000 h. rooms surrounding the convention ccVila 300 Alton Road,Miami Beach,Florida 33139 says. "A lot of these older hots, ,auld be 673-6000 538-1780 (Fax) turned around.Instead of prom(, ig 2,000 Se habla espanol. Ask about our New Miami special. NEW MIAMI 63 AREA PORT continua i "I • most: the convention center can ', !I '', • i make r without another hotel, but it will 1 ` never l:Ilicvc its potential it one isn't built," • ( , „/ -\. he says \s tar as the restoration of old hotels II ° 1 !�S 4t.-;, = goes, I'•urritt says:"1 love the preservation- 7 l. W.S., °` y, fists,btu they're not hotel people.The exist- 1` + 04A ' . .... (....\,, -. N ing Ar. ►eco hotels will never till the current y - ,-°r I ',l 1 need • .onvention-quality space." -. :!J li I __ N„ single significant hotel has been • • i 1,: iI / ' 11 J ti erecta. in Miami Beach in more than 20 1 ►; 1119 u •s• e. `` , .._ y years. ,meet the apparent need for better > lodgin , owners of the city's best-known :" `? . resorts .1re spending millions of dollars on ` " renoyai ions.The Doral and Fountainebleau ',e1-411 '� ' .+; it" �^ have I, ,th undertaken major renovations. • 2 Ili- =. Ir The -I .;-rtxnl Castle Hotel and Resort, •r z'� •'t -S`ice;1` '. �F� closce .fist year for safety code violations, _.,),- , N : reopc. .1 this spring and will begin a year- ? '' -• ,Ito" "'r''N�}�� , long ovation of its rooms and public $ f, �y '�1 ; spaces us tall.The Castle is also negotiating :" _ , �Y., - to atiii Ite with Marriott. • l' t ' 9 "-1'L convention center has a lot to do V r ,'::,*"'' y " with l expenditures hotels are making on • t Nae‘k reno�. _tins," says Bill Ripple, the Castle's r-`lI1 gencr.l manager. "We see a real need for 1 top-y1 IIry space." 1 Mc 'while,other hotel owners who were caugl, `V real estate troubles are seeking to Louis Canales has been instrumental in developing the South Beach social scene sell t. MIAMI BEACH OCEANFRONT SITE - THOMSON -ZONED FOR 77 UNITS OR 130 HOTEL ROOMS ( MXE / HPD) 0 M E LOT SIZE: 36, 350 SQ. FT. LOCATION: 1555 COLLINS AVENUE • a IN 0 • • •�KELt filNANCIAt DIS n.,„ t .- i``` R. Y • � •,.*-4•".i^ -JL4 iii I Js 77: II ti16 7'6.. ' K Srr --. r 1I+-"1'1 7 1.,j. . -3l ,, - y ^(s ice' �- lk ii K- .. :r- ! - _ - t.-- --,. ar.', i Professional E-6 li a,-6; _I. . =�,f. ._ 7. film processing ci - •- • ... 71 .t k” ��i — " •r + �i ' ,1yy t T _ The Webster SEAN DRIVE """' ' �} �� Miami Beach,FL 33139 1220 Collins Ave.,Suite 130 "� �� =' ;.1 nl :'r�' - ; ,,."4 +05-531-1985,FAX-531-7201 V . `• " b1 15TH STR -.."---. Monday thru Friday i1 ,,wr.,. .., I _ 9AM to 6PM SUBJECT PROPERTY 111 ,~ �" Extended seasonal hours Color and Black&White I'' - services available I:, - Coconut Grove Realty corp. German and French spoken .ii; OFFERED EXCLUSIVELY BY E>1.bli5Htd in 1925 ;,i EDMOND BOUTONNET 3121 COMMODORE PLAZA, til` SUAT GULEC COCONUT GROVE, FL 33133, USA DEVELOPMENT& INTERNATIONAL 1-305-448-4123 cal INVESTMENT SALES Fax: 1-305-448-8663 ... . 10 64 JUNE 1991 — II, 1 t "1 am a victim of an inclement tit 'cial In order to cope, some developers arc businesses taking hold that cater to the new ) market," says developer Tibor Hull. %ho shifting fi>cus. Saul Gross, president of people who are coming here." has lost of string of major office,apa• tent Streamline Properties, renovated 10 Deco Washington Avenue has undergone a and hotel projects in the past two •.>rs. District apartment houses during the '80s, substantial commercial turnover in the last Hollo owns—and has put up for sai. -the but now focuses on retail space.The corn- several years. Now, city-backed economic 350-room Eden Rex, at 47th Srrc. and pang recently renovated and leased 25,000 development groups arc trying to transplant Collins Avenue. square feet of stores on Washington Avenue some of the momentum to Lincoln Road "Ironically, the Eden Roc had it best between 11th and 12th streets and pur- Mall,the long and largely desolate expanse operating year in a decade this sc. •ni," chased an additional 20,000 square feet of ofconcrete promenade between Alton Road Hollo says."1 think its a good prope and space on the avenue between 9th and 10th and Washington Avenue. there's room to expand it to 1,000 t .ins. streets. Last fall,the Lincoln Road Development But I'm not a hotelier,and right now .an'r "We see a huge upside in retail," Gross Corp.merged with the city's most successful atibrd the expansion myself" says."The expansion of the restaurant busi- agency,the Miami Beach Development Corp. ness in this area has been a big plus. Now, The combined group is trying to devise a The redevelopment trend beginning to sec a variety of other plan for the mall, which is pocked with Though the hotel debate looms as tht , most controversial question,the retie' pop- . merit trends of the 1980s will almos• '--.•lv r> continue to occupy the city's age .. ,„> N. smaller ways during the '90s. ` During the past five years, a gr., t ing °e° number of investors have purchase. and retitrbished the small seasonal hotels tl dot the Deco District. Most have her: ,m- a verted into apartment houses, (viler. ,lits LL can exceed S1,000 a month. "Inthis area,Idon'tsee aslowdown says 03 Tim Voda, regional manager for Ch ;ken 03 Properties,a Chicago-based partnershi •that 4) owns 40 buildings with 389 ap rtme: rs in 0 South Beach."I think South Beach is••.ces- M sion proof.With each building that is .no- Z • vated,the quality of the neighb orhot ilia- O proves and its appeal grows." d • Voda says Chrisken's Chicago os'' Q • Robert Christophe and Jack Kenned o gan investing in Miami Beach in late •) 7 O_ after seeing parallels between the Art )eco district and parts of Chicago that wer. un- . dergoing gentrification. a w co "We're getting a lot of people hetwe '122 and 35 moving in,"Voda says."Man'. ork a in downtown Miami,but still more ha, .obs • in the new businesses popping up t t the w Beach. As the popularity of the an in- oc 0 creases, I think we'll soon be seeing ,ver Z rental projects and more condominiur t>n- a U-> versions." v • O • Since Chrisken relies on develoi -lent • o money raised through limited partner' tips, c \'oda says it has had ready cash to expa: d its holdings and proceed with restoration ForLU other redevelopers, things haven't g.. c as m smoothly. ars "This place isn't going like a bat out 'tell Z because the economy is so bad," say- use ce Fernandez,a South Beach real estate' •ker Q and investor."Five years ago,you Cu 1J-/V)'— in't i getconstruction loans here because the nks ac;_.ii, ddn't like the kook of the area. Nc uu CENTURYce . ing loans to build anything a n where." V Nrw t' 1 fit I AREA REPORT continued Ings and converted their interiors to studio own stylistic movement. space for more than 100 artists. The art "There's definitely a trend taking hold vacant storefronts. Alternatives ran.: c from center buildings have become a focal point here,"Alves says."We arc all looking at each 1 replacing the mall's early'60slandsc_;ling to for related businesses,which include a book others' works, and discussing techniques. reopening it to traffic. store, a movie theater, several restaurants I'm seeing people coming to agreement on and a variety of galleries and art supply a use of color and texture that is very South outlets. Florida." Artists and photographer: "We have been responsible for the open- Lincoln Road also is home to the Miami "The coming 18 months will be the story of ingofover45 related businesses in this area," City Ballet,the New World Symphony and Lincoln Road Mall," says Denis l:uss, the says Margarita McClemente, one of the the Colony Theater,a city-owned perform- MBDC's director. "One of our in.yin jobs center's administrators. "The artists are ing arts center. will be deciding what to do to return he mall gradually changing the arca." The MBDC's Russ says that in South to health." Carlos Alves, a tile designer who rents Beach, private redevelopment efforts have • Yet the mall is showing signs col healing studio space from the art center,says Lincoln been in the vanguard of change.He says his itself.On its western end,the Soul! Florida Road has begun drawing artists from around publicly chartered corporation looks tothem Art Center has purchased three are lat c build- the world and shows signs of spawning its for directions. "It's very important for the city to support the private initiatives that have taken place," Russ says. "We should be there to support those who arc turning the Beach around." ESP O T L Tourism and the rapid expansion of the fashion photography business have been a • major force behind the South Beach revival. YAlong Ocean Drive, the reminders of the way things were are fading.Only a few hotels The "Spanish .illa„'e,” located in the heart of the remain that cater to the aged, while most Art Deco distric between Collins and Drexel Avenue.,. have now been redecorated and sport side- walk cafes or restaurants. Young Designers,Vintage Clothing Preservationists, however, lament some ,f" l S and.hccessories aspects of the Ocean Drive phenomenon. 440 Espanola Way•672-9692 They say some of the new bars arc so noisy Handcrafted Clything and Accessories GAUCHO TAKE 422 Espanola Way•538-2144 — Kiehl akin Care •Jewelry• Unique Gifts YOUR IliiM*1" 7 415 Es:)anola Way•673-3523 IES1'7 Jewelry for tho Body,Mind and Spirit BIJOUX I,0 u WOLF O`F SHOT • 421 Espanola Way•538-0931 .. Go with the pros. SOI n-1(IC Contemporary and Designer Shoes Specialists for 15 years 438 Espanola Way•674-8699 in the restaurant and beverage industry. . Artist's Jev elry,Clothing,Objects STARK • LIQUOR LICENSING. :nd Creativity Inducers HAGENBRING • ZONING/LOCATIONS -•1414 Espanola Way•531-7472 STUDIO • LEASE ONS flflNO NEGOTIATIONS Vintcc:e Interiors&Upholstering.Specializing in Art CIflPPINr Decc ;nd'50sFurniture with aTropical Flair • COMPLETE LEGAL 432 E-nanola Way•532-0507 LAW OFFICES OF 1,4►NGS OF STEe4. LUBIN & POLISAR, P.A. 930 WASHINGTON AVENUE i ( Jssic Harley-Davidsons .\ MIAMI,BEACH,FLORIDA 33139 Accessori, s,Apparel and Service (305) 531-8400 281 :spanola Way• 672-4294 66 JUNE 1991 • that they discourage occupancy i the hotels • tld above them.And they are saddened by the _. ch j decline of a string of Art Deco hotels that es, J include the Tides,the Victor and the Carlyle. :m Last year,Royale Group lost the hotels in a • . th foreclosure suit, and New West Corp., a liquidating corporation connected with the •ni Federal Deposit Insurance Corr .is consid- . ,d ering how to sell them. $ . • ii- Iofmany in thnew orFreos,och.1 nEnglish ANCIIOR ELECTRIC, INC. is as often in German or French a�-in English th or Spanish. And often the talk is among ELECTRICAL SERVICE ve fashion models or photographers,who gos- • is sip about one another or discuss the logistics . • ni of a shoot. We offer the most qualified, courteous and well-equipped . "The film and fashion indust has had a r1 tremendously positive impact of t he South electricians in South Florida. • Beach economy,"Russ says."It's benefited • n't hotels,spurred the rehabilitation of residen- • tial property and fueled the prof ferauon of • Commercial industrial and residential !te restaurants." a Robert Reboso,an assistant ci;v manager al. who tracks the film and fashion business,says • Computer cabling !1c that 653 photography permits were issued :Is during the first three months oft his year,as rst compared to 154 permits durine the period • 24-hour, 7-day emergency service lc- last year. — "This has becoming the second largest ne grossing business in Miami Beach after the • Office renovations •n. hospitals," Reboso says. "It is I•elping the sv economy tremendously,and we cally have to do very little to keep these pe le happy, • • Parking lot and area lighting maintenance repair except make provisions for the :t to park their vehicles when they go on 'cation." • • The residential market 665-6941 While the Deco District has captured much of the city's attention in the past few years, Fax: 665-9232 neighborhoods to the north and .outh have languished.South Pointe,the di :rict south State Licensed 000294 ofSixth Street,has been the subjr t of major Insured redevelopment plans for the pas. 20 years. i' Few have come to fruition. South Pointe • Serving South Florida for over 25 years Tower,the pink,22-story skyscraper at the southern tip of the island,is all that rose from a plan to build four condominium high-rises and a hotel.Though the first tower sold out, • the project itself is mired in ••.tnkruptcy • r proceedings. . "'\ Cobb Partnership is planninj, the only _ /"20C' OVCJ tC? • other major project in the arca. I'he city is condemning three blocks of IanI north of • ' 1440 KENNEDY CAUSEWAY N O F T H BAY VILLAGE First Street for a residential project that ` I Newly renovated office spaces are now available. Cobb says will include as many as 350 low- if I" Features •Beautiful waterviews rise condominiums and rental apartments. •Convenient location close to fine restaurants and shopping "There has been a tremendous lag timeinclude: • Free parking resulting from complications in the condem- •Security}• •Easy access to 195 and downtown. nation procedure," says Tom Brinkley, an •A pleasant working environment for your company. officer in the Cobb Partnership. "'[here has s¢ For more information please contact: also been a continuing debate o:• what the h _ , KeresAsset John P Meyenber_4.cPMx neighborhood should become -a resort . _ _ ' Managemeotlne. (305)861-7800 Realtors 100 N.Biscayne Blvd.,Miami,FI 33132 continueri page 69 -\ i NEW MIAMI 67 AREA REPORT continroedfrom page 67 Miami Beach Deco District destination or a residential con• unity. However,we are looking forward r raking control of the land and getting the project started.Hopetidly,we'll beunder w. within two years." rMiami Beach's other troubled .i •.r is its • • • • • • l so-called North Shore.Many ofthe cd and BIKINIS FLORIST impoverished who arc being displ., .1 from the revival of the Art Deco I)r et are ! _ moving north, filling declining as Intent �•' t e,,:p,.y — --� t, houses south of7lstStreet.The err,. .-eently 1 � l �'•-, ;.:11 "mild" created a North Beach Devclopme • Corp. . . r;i - -- ., P •l �, , a'• -Is patterned after the MBDC in Sour Reach. ': '� I , "We're hoping that we can make.1 differi. 1 ell �., A\' e. •. ence in the revitalization of parts„ •he city ,,_ I� _ north of 63rd Street with the nei xncy," a h Ilk. : � says assistant city manager Rogel It may 1 II R i a`tt ,✓ • r II not be as easy to do as it was in the i Deco �,.- I1' OPEN R. • District, but we think we can shy results c. with a little pump-priming." , r The remaining residential p,, ms of '' ... -- Miami Beach are divided among 'fiddle_ CHOCOLATE FLOWERS&FLOWERS - - income,��aterfront estate and high .e con 119-5th Street•674-1906 1633 Jefferson Avenue•534-1633 dominium housing. "The real value in Miami Beach on the waterfront," says Tom Powers, v- y presi- HOTEL • TRAVEL S E RV I C E•S dent of Goodkin Research in Lu icrdale- r by-the-Sea. "Because of the high cost of g •_ ." land,there few opportunities for at eloper •. -- r - 1 _ o F on Miami Beach. About all you r do is ,r . £^ �� "" - . . build high-rises,and a lot of tunes, .it's not ' • fJ'V L'.n7k• 'J.- °•` !! flli 10 t practical." o J � 1 Pacific•lnternationalEquities is, :ofthe R` • 6.6. it 'F. , ill 11111, , ~ few builders of high rises working: Miami r"'' ,. Sf ,f� .'�. Beach today.It recently complete '.a Rive 1 _-� - t . ,9 Gauche, a 83-unit condominium ower at• t ^ to . g .) 1 58th Street and Collins Avenue. ' ,w,it is _ �t�•T nt = , I x ' ,, ill/. QUALITY INN LE CONCIERGE TRAVEL 435 21st Street•532-2100 731 Washington Avenue•531.8687 Gi/ a RESTAURANT RESTAURANT :r., SI//•t i o • r 7 : o r {1 L el • °r a, w q `1/ I 1111 ./ .§.; ,/e• rd(.5 • ,-, „mi,r,.. R' _ k ��� Ir• �rrS : 'n:I4 ` 'T • `� r _ ,T p ' ' ,rl. `r"" 111 _:3at•_1�®;• }' "a R .:1 9 ;? ` • A yi;,.' �j 4 -i(C, 41 lit 111 l M411'.6I 1t it Nancy Leihman's Miami Design Pr, •rvation rbc - `f fie .. '..i :`*dam ` 1� COYOTE BAR&GRILL :-_, THE PALACE BAR&GRILL •ek - League has focused on saving P "CO.l54 Ocean Drive•538-6955 1,:% ?z:it i-,`,:'i' 1200 Ocean Drive•531-9077 m, i - ' N.1 AREA REPORT continued pursued getting financing for Sunset Har- bor,or another project we have planned for puttingthe finishing touches on L Excellence, the site of the Lombardi Hotel on Collins." Buckminster Fuller: .1 137-unit luxury high-rise at 5757 Collins Economic uncertainties have also hit sales Ave.,and is beginning construction on the of luxury waterfront housing along North . Harmonizing Nature, Sterling,a 185-unit condominium at 67th Bay Road and on the exclusive islands in Humanity and Technology Street and Collins Ave. Biscayne Bay. "We're attracting a lot of European and "The beginning of the year was terrible," % May 30,1991 through August 18,1991 Lain American hives- says Carlos Justo,presi- / tors these days,and our dent ofWimbish Realty, product is selling quite , a brokerage that special- well," says Howard izes in luxury housing Shapiro,vice president • sales. "We lost nearly of PacificLucrnational. — ,:; I S12 million in contracts, "The weak U.S. dollar and that was attribut- 1 has helped. We're en- a – able to the Persian Gulf 1.s". r couragcd enough to be • ,i 0 • q war. But now I see the looking tar other sites ` T T 1 markctingcomingback, •, . to build on along the • lr }---iir-- s.'- and the Europeans and ex ean." • -r =aw- -,' . , South Americans are the •• • • • • • But some of the - farce that driving it." • ••••-••– • • • • • • • • • • ' • • •:•:•;• . company's plans are �=-- But Justo says domes- ..__: • ' • • • • • stalled. It had planned ii tic buyers aren't as plen- ;;, . ,' • to break ground soon tiful as they once were, on Sunset Harbor, an and he blames that on the national recession. +Y •. ` : 800 apartment condo 1 5.:".,.•� :"(;'• Y' ' minium complex on Biscayne Bay at Purdy "The market now is very difliculttogauge," '. '� t ,: Avenue. Justo says. "For someone who is prudent • Buckmmster Fuller.18951983.Geodesic Dome 5/8 Spied "The current lending environment is as and has a good eye for value,Miami Beach i Pa v,fnonStudy fa Exnrb,runsand Expos.c 1970 Flexre4n,moaer difficult as it has been in many,many years," remains an exciting and solid market to This exhibition of rarely-seen Shapiro says. "For that reason,we haven't invest in."IN drawings,models,prints and objects by the world-renowned0 WA` 1I! if architect,visionary,scientist,p0' • ''11WI!itti _ philosopher,and inventor of the Located in the-heart of the American Riviera, the Art Deco District Dymaxion car and the Geodes of Miami Beach. Our beautifully restored and maintained art deco Dome,illustrates his lifelong sear:h classic awaits your clients. We feature the Bandanna Cafe for for solutions to the world's problems. (B.L.D.), our popular jazz club, SEMPERS and the COMEDY CELLAR.All major credit cards accepted. ► FOR RECORDED 1 J INFORMATION CALL Rates:Double/Single Occupancy • 673-7533. April 1991-Dec.24,1991 - f Deco Classics-$59-$99 I i II B A S 5 Deco Suites-$125-$150 • Children under 18 free with adult • Refrigerators, irons available IIIe,, Ill I museum of art • Concierge Services/Room Service i 2121 PARK AVENUE, MIAMI BEI•CH • Valet Parking I ion,•f3f,kkKist ii,Collies Arturo Dec.25,1991-April1992 Deco Classics-$99-$135 It ionic, This exhibition has been organized by the Edith C.Btu. art Institute of Bard College The Bass Museum of Adis redo;nized Deco Suites-$175-$195 bythe oSrfuof dnfroa ts eMatert Floridatural throughn and theFe-:ta • 11%tax VIA ', " " 'L '_ sopor funding from the State of lidthrougn the Fie'Ana Department of State.the Florida Arts Council and the Dm��mof • Complimentary Beach Towels Cultural Affairs Major support is provided by the City o".'Iami "`. '= ,� Beach and Friends Ot the Bass Museum.The Museun..Iso • Same day laundry/dry cleaning / i receives funding from the Metropolitan Dade Cour'. ■ 6 Cultural Affairs Council.The Miami Beach Visitors.i-,d • Car rental Convention Authority,the Institute of Museum Services- 'the National Endowmene t for the Arts 860 Ocean Drive,Miami Beach,FL 33139 305-531-7684.1-800-44U-Tell•FAX 305-672-6836 I ' } 70 JUNE 1991