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Comprised of four buildings and a parking lot facing Harding Avenue, this property is an excellent investment opportunity and an ideal plot of land to develop a high-end hotel just in front of the new Four Season.

Listed for $27 Million, 9040 Collins Ave, is centrally located just across the Beach of Surfside, the land has access to Harding Avenue from Collins Avenue. It is situated directly across from the upcoming new development The Surf Club Four Seasons Hotel & Private Residences, and just a few blocks from the Bal Harbour Shops.

Fabio Faerman of FA Commercial/Fortune International Realty is the exclusive listing agent for this rare and desirable property location on the highly sought-after Collins Ave – directly across from the Atlantic Ocean. “Surfside Beach is a rapidly growing neighborhood with several notable new hotels and luxury condominiums in development which make this listing an amazing opportunity to invest in this South Florida area” said Fabio Faerman.

The offer consists in 4 buildings (9016, 9042 & 9040-9048 Collins Ave) plus a parking lot facing Harding Ave that sits on a 43,100 SF lot. It includes 45 living units, 250 feet frontage on Collins Ave, and 50 feet frontage on Harding Ave. Zoned for condos or hotel development.

Through re-development on the existing property, there is potential to build a proposed project of 108 hotel rooms | 79 residential units. This would be a flagship property with true investment opportunity.

Now in Surfside, several projects are currently under construction and developers are seeking more available property on Collins Avenue, resulting in a surge of market activity in the area. The St. Regis Bal Harbour complex has been the anchor catalyst attracting developers to this area. Now The surf Club: Four Seasons Hotel & Private Residences, Marriot: The Residence Inn Surfside, Fendi Chateau and many others are under construction.

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Former Casa Santino Restaurant sells last remaining property for $1.2M

Casa Santino and social club of 1940’s – 1950’s was frequented by iconic celebrities including Frank Sinatra, Jimmy Durante, Tony Bennett, Dean Martin, Lucille Ball and others

10905 Biscayne Boulevard, the former site of Casa Santino Restaurant, sold for $1.2M.  Fabio Faerman and Jonathan Molano of FA Commercial Advisors / Fortune International Realty represented the seller in this transaction. This iconic property was sold in an all-cash deal.

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Fran Sinatra was one of the many celebrities that used to hangout at Casa Santino

Biscayne corridor is the place in Miami where historic meets hip. Where the worlds of art, culture, cuisine and entertainment collide. It’s the heart of the city. The Biscayne Corridor is now experiencing a cultural and commercial renaissance, attracting the attention of retailers, developers, restauranteurs and the artistic community worldwide.

“The retail corridor in Miami Shores and North Miami Drive is somewhat of a ‘hidden’ investment gem – in just 8 months’ time I have seen price-per-square-foot profits nearly double,” says Molano. The area for commercial deals is rapidly growing and brimming with tremendous development potential. Just last April, Molano and Faerman represented both the seller and the buyer at 11601 Biscayne, which closed at $65 psf.  FA Commercial currently has 3.5 acres on the market at 11201 Biscayne Boulevard as well as other off-market opportunities.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Miami and the entire South Florida’s commercial real estate market with deals like this. Recently, Mr. Faerman proudly assisted on the closing of many deals such as 4322 Hollywood Blvd., a former Blockbuster property. 16,676 SF residential lands located in Elm Street & N Surf Rd in Hollywood, FL. La Cantina #20 refined Mexican fare in a glitzy space with outdoor patio & authentic curios at the heart of Brickell; and Mizzen Plaza a strip mall strategically located in between Coconut Grove and US1.

About FA Commercial Advisors

FA Commercial Advisors provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. With an extensive international network of real estate professionals throughout the world, we offer local market knowledge on a global level.

About Fortune International Realty Commercial Division

The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. This division has the purpose of coordinating and providing services to Fortune International Realty clients as well as residential and commercial associates interested in pursuing commercial real estate transactions.

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“Flagler Street shall reclaim its proud and distinctive heritage as the City of Miami’s iconic main street…A vibrant, walkable and historic shopping district.”

‐Vision of Flagler Street Task Force

Flagler Street beatification project started on November 2015, new investments and developments continue to fill this historic street. One Flagler stands right in the heart of Downtown Miami as Icon, a MiMo masterpiece, a key piece on the undergoing downtown’s renaissance.

Flagler-Street

Here the facts of Flagler Streetscape. For more details on Flagler’s project you can click here

  • Project boundary ‐ SW 1st Ave (County Courthouse)‐Biscayne Blvd
  • Construction will completed in 13 phases Construction
  • Start/finish location ‐ West to East
  • Start date for Construction –Monday ‐ November 30th
  • Total construction time frame –2 years + (Nov. 2015‐ 2017)
  • Total reconstruction of right‐of‐way –wider sidewalks + upgraded utilities + paver blocks + railroad rail (entire length of Project)
  • Pedestrian access will be provided to all businesses during each individual business “open hours”
  • Construction days/hours –Mon. –Fri: 7:00 AM to 12:00AM (Midnight) + Sat. 8:00AM‐6:00PM

Contact us today, time is running out! and get your One Flagler’s deal today.

Own a piece of an Icon!

Email: commercial@fir.com

Flagler-Beautification

 

Hollywood-Land

Fabio Faerman of FA Commercial/Fortune International Realty (FIR) has brokered the sale of 16,676 SF residential lands located in Elm Street & N Surf Rd in Hollywood, FL at a price of $3,300,000 million. The fields, which are only separated by a street from the ocean, sold in an all-cash deal. Fabio Faerman represented the seller, who hold the property for more than 40 years.

These land lots are located in the Hollywood Beach Area of Broward County, Florida; in a mostly reserved land except for a few lots; the lots are surrounded by green, protected areas and are located in the corner across Hollywood Beach. “Since the lots are in a reserved area and only a few are available for sale and constructions, these properties represented a unique and exclusive deal for both, the buyer and the seller” Faerman said. The 16,676 SF are raw lots. The buyer plans to develop the property for future residential townhouses. In the same seller portfolio there are still available for sale 2 oceanfront lots of 6,400 SF. Lots are strategically located in N Surf Rd.

Hollywood, a classic Florida beachtown that’s enchanted visitors since the 1920s. Hollywood Beach features a one-of-a-kind oceanfront along the Atlantic Ocean. The easy ocean access and village-like feel make this a great destination for locals and turist. Numerous highly-rated restaurants, small inns and hotels right on the Broadwalk add a yesteryear charm. Hollywood Beach is among the first in Florida to be designated Blue Wave Beaches, a distinction that places them among the nations cleanest, safest and most user-friendly beaches.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Hollywood and the entire South Florida’s commercial real estate market with deals like this. Recently, Mr. Faerman proudly assisted on the closing of 4322 Hollywood Blvd., a former Blockbuster property. Currently, we have 2 new vacant commercial land listed for sale in Van Buren – Hollywood, FL. Additionally, Mr. Faerman and his team have worked on bring international business to South Florida such as Cipriani, a luxury restaurant owned by the sons of famed restaurateur Giuseppe Cipriani. Coya Restaurant already renowned in London and Dubai, Coya is an authentic yet modern Peruvian restaurant. La Cantina # 20 refined Mexican fare in a glitzy space with outdoor patio & authentic curios at the heart of Brickell. Mizzen Plaza a strip mall strategically located in between Coconut Grove and US1, the strip mall is next to Coconut grove metrorail station.

About FA Commercial Advisors
FA Commercial Advisors provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. With an extensive international network of real estate professionals throughout the world, we offer local market knowledge on a global level.
About Fortune International Realty Commercial Division
The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. This division has the purpose of coordinating and providing services to Fortune International Realty clients as well as residential and commercial associates interested in pursuing commercial real estate transactions.

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Heater

Fabio Faerman represented the landlord in the signing of a Multi-Year lease for ‘Eat Greek’ new location in Brickell Avenue.

Fabio Faerman of Fortune International Realty / FA Commercial represented the landlord in this lease transaction.  

The space area is located next to La Provence in 1060 Brickell Avenue. This deal was signed for a 10 years lease plus 1/5 year option. Mr. Faerman led this second generation lease transaction from conception to execution, representing a total value of $2 Million.

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Eat Greek is an authentic, affordable Greek restaurant. This casual restaurant opened its first spot in South Beach then an expansive sibling in Edgewater, and now in the heart of Brickell Avenue. Decked out with murals of ancient gods, a vertical herb garden and a real Greek atmosphere gracious, friendly and hospitable. The varied menu hits all of the Hellenic highlights, from hummus, baba ghanoush, souvlaki and gyros to lamb chops and branzino.

Brickell, a premiere Live, Work, Play destination in south of Florida it’s a rapidly-growing area just south of downtown that is central to the city’s banking culture—and, increasingly, Miami’s culture at large. Brickell personifies the new Miami: it is rich, multicultural, and intensive, having become an “overnight neighborhood” of gleaming skyscrapers whose designs and coloration reflect the coral blue waters of Biscayne Bay.

Fabio Faerman and his team at FA Commercial are thrilled to contribute to the progress of Brickell and the entire South Florida’s commercial real estate market with deals like this. Recently, Mr. Faerman proudly assisted on the closing of many deals such as Cipriani, a luxury restaurant owned by the sons of famed restaurateur Giuseppe Cipriani. Coya Restaurant already renowned in London and Dubai, Coya is an authentic yet modern Peruvian restaurant. La Cantina # 20 refined Mexican fare in a glitzy space with outdoor patio & authentic curios at the heart of Brickell. Mizzen Plaza a strip mall strategically located in between Coconut Grove and US1, the strip mall is next to Coconut grove metrorail station.

***

About FA Commercial Advisors
FA Commercial Advisors provides a complete range of commercial real estate brokerage services – including owner and tenant leasing, acquisition and sales, marketing and consulting – to owners, investors and lessees of all property types. With an extensiveinternational network of real estate professionals throughout the world, we offer local market knowledge on a global level.
About Fortune International Realty Commercial Division
The Commercial Division was created to offer specific advice and service to sophisticated clients, searching for a deep understanding of real estate businesses. This division has the purpose of coordinating and providing services to Fortune International Realty clients as well as residential and commercial associates interested in pursuing commercial real estate transactions.

Contact Information:
Fabio Faerman • CCIM • MBA • Broker Assoc.
Cell/WhatsApp +1.786.262.9966 • Office 305.400.6395
commercial@fir.com • www.facommercial.com

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ISG World announces partnership with top Chinese real estate brokerage – The Miami Herald

China’s Millionaires Are Leaving China – Yahoo News

SoFla ranks seventh for global investment – The Real Deal

Studnicky Makes Key Developer Predictions – GlobeSt

TRD insider interview: Ryan Serhant on why he loves Miami VIDEO – The Real Deal

Inside Faena’s Hotel And Arts Center, Opening Soon In Miami Beach (Photos) – The Next Miami

Top 5 biggest condo projects approved in Miami this past year – The Real Deal

Gary Nader’s Plan For Condo, Hotel Towers And Museum On Biscayne Boulevard – The Next Miami

Miami Beach moves ahead with convention center renovation – The Real Deal

Chetrit’s Miami River Project Gets FAA Approval – The Next Miami

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20 Million And counting

By the end of 2013, Florida had passed New York as the third most populous state. By the middle of 2014, according to the U.S. Census, Florida’s population reached 19.9 million. The University of Florida’s Bureau of Economic and Business Research’s estimate is slightly lower – BEBR figures the population reached 19.81 million this April.

By either reckoning, Florida will have more than 20 million residents by the end of the year. Start with births, subtract deaths, add new arrivals from the U.S. and abroad, and Florida is gaining about 781 people per day – the equivalent of adding a city bigger than Orlando every year. In a quarter-century, the state’s population will hit 26.1 million, UF projects.

Some context: Florida is still growing, but not quite like used to. Recent decades saw the state add 3 million people per decade. Nor is Florida’s growth on par with growth in Texas, which is adding nearly 1,200 people a day.

Every Year, 285,000 New Floridians

Each year for the next five, Florida is expected to add about 285,000 people to its population. That increase will be spread across the state, of course, but seen collectively it amounts to adding a city bigger than Orlando each year.

20-M

Orlando City Soccer Club behaves like a real business

Mark R. Howard | 8/27/2015

With all due respect to the U.S. women’s World Cup soccer team and its world championship run, my favorite sports story this summer was a soccer story from Florida.

The Orlando City Soccer Club is the creation of Phil Rawlins, a businessman from the U.K. who settled in Orlando, and a Brazilian businessman, Flavio Augusto da Silva. Beginning in 2010, they operated the team successfully in the (lower level) North American Soccer League while seeking a Major League Soccer franchise, which they got in 2013. Orlando City signed a well-known Brazilian midfielder named Kaká to provide some start power and began MLS play in March, using the Citrus Bowl as its temporary home field.

Fans have been raucously enthusiastic. Orlando City sold out its entire offering of season tickets for 2015, and more than 60,000 attended the first MLS game. The team has been at or near the top in average attendance among MLS teams since then. Orlando City has marketed itself and Orlando vigorously as the “soccer capital of the South.”

Good for Orlando City. Good for Orlando.NewStadium

And now the part of the story that made it my favorite.

For better or worse, the owners of sports franchises in America have been able to leverage their teams’ visibility into claims on the public purse. By one accounting, professional football, baseball, basketball and hockey teams around the U.S. have received some $20 billion in subsidies for new facilities since 1990 – despite decades’ worth of studies and consensus among economist that the economic impact of sports stadiums is minimal and a bad deal for taxpayers. Eight Florida pro teams receive various kinds of state subsidies.

The ownership of Orlando City wasn’t shy about seeking public assistance for a permanent home field. It put together a deal with the city of Orlando and Orange County for a $115-million facility with about 20,000 seats. The city and county together went in for about $35 million to purchase and prepare a site.  Meanwhile, the team went begging to the state for $30 million, lining up with the Jacksonville Jaguars, Miami Dolphins and International Speedway Corp. (NASCAR’s owner), which all want taxpayer funds to expand or upgrade their venues.

A funny thing happened on the way to the public trough. The legislature got so caught up in trying to keep poor people from getting federal Medicaid money that it didn’t get around to the law that doled out to the wealthy team owners.

Orlando City could have done what the Jags, the Dolphins and NASCAR will likely do – double down on lobbyists and go back to Tallahassee next year. But it didn’t. The team had already begun to believe the market could support a stadium with 5,000 more seats than it had planned. And rather than wait on state funding, Orlando City decided that it would just build the stadium on its own, without taxpayers’ money.

The team is buying the stadium site and paying the city and county back what they spent for the land and improvements. It will finance its $130-million facility, own it and control all the associated revenue streams – concessions, fees for hosting other events, naming rights, etc. Like a real business.

Orlando City made it clear in announcing its decision that it didn’t have anything against public money and wasn’t trying to be the poster team for a new approach to stadium funding. Its decision was driven by its own needs, it said.

But in behaving like a real business, the team highlights what’s always been true – sports teams can operate with a lot less help from the government than they deserve. Incentives for firms creating jobs that pay well and broaden a community’s economic base are one thing, but why should taxpayers subsidize wealthy owners for whom the teams are basically toys? Some business groups, quick to complain about government “over-reach” and fiscal irresponsibility in some contexts, are silent when it comes to giving taxpayers’’ money to billionaires.

Those who make the argument that a city isn’t somehow validated until it has a professional sports franchise might consider Austin. The fastest-growing big city in America, Austin has focused state and local incentives on the tech industry and now has a tech sector any city in the country would kill for. The lack of a professional sports team doesn’t seem to have hurt either its development or sel-image.

Consider, also Jacksonville, which won’t be a great city until it develops its downtown, regardless how Jaguars perform. Or St. Petersburg, where the presence of the Tampa Bay Rays has been a non-factor in the emergence of a world-class-downtown. And where the city is beginning to realize that the 80 acres where Tropicana Field sits could generate a bigger economic bang as a tech hub than as a baseball field.

Meanwhile, Orlando City isn’t the only soccer franchise that has decided to pay its own way. The Los Angeles Football Club, an MLS expansion team slated to begin play in 2018, also has announced plans for a stadium – 22,000- seats, $250-million – that will be privately financed.

It may be that we’re entering an era in which communities have different notions of quality of life than before – a football or baseball team is a nice asset, but so is an arts community, good schools and a thriving entrepreneurial community. Doesn’t a team need a great city as much as a city needs a team? What does it say about a place if it has to bride a billionaire into staying put?

Orlando City’s decision to invest its own money in a stadium is about the best vote of confidence that the city of Orlando could get. The team may not establish a new template for all-private stadium financing, but they’ve shown that it’s possible. And the fans who come to the new stadium can enjoy the games secure in the knowledge that Orlando City didn’t have to squeeze other taxpayers to put their team on the field.

Originally published on

Florida Trend - The website for Florida business