Laura Street Trio in Trouble? Updated status of six key Downtown projects

[Houseboat Mike]

^did you mean cornices?

Yup, my bad. I blame the rum I was drinking at the time. 

[tpot]

http://miami.curbed.com/archives/2015/07/07/beaux-arts-bank-turned-hotel-the-langord-to-open-in-sept.php

Just in case you want to see what a restored historic bank looks like......The Langford, downtown Miami opening this September 2015.........

[MusicMan]

What was the cost?

[KenFSU]

http://miami.curbed.com/archives/2015/07/07/beaux-arts-bank-turned-hotel-the-langord-to-open-in-sept.php

Just in case you want to see what a restored historic bank looks like......The Langford, downtown Miami opening this September 2015.........

If you want to really be depressed, looks at Miami's development pipeline and compare it to Jacksonville's:

http://miamidda.com/map/index.html

[Todd_Parker]

http://miami.curbed.com/archives/2015/07/07/beaux-arts-bank-turned-hotel-the-langord-to-open-in-sept.php

Just in case you want to see what a restored historic bank looks like......The Langford, downtown Miami opening this September 2015.........

If you want to really be depressed, looks at Miami's development pipeline and compare it to Jacksonville's:

http://miamidda.com/map/index.html

Just imagine how busy the person who writes those 'Construction Update' stories for Metrojacksonville.com would be if that kind of activity was happening here in Jacksonville. Luckily for him/her, not much is happening here and the projects that are moving forward are progressing at a snail's pace. I would venture to guess the Urban Construction update from June 2015 is not much different from the one on June 2014.

[Captain Zissou]

http://miami.curbed.com/archives/2015/07/07/beaux-arts-bank-turned-hotel-the-langord-to-open-in-sept.php

Just in case you want to see what a restored historic bank looks like......The Langford, downtown Miami opening this September 2015.........

If you want to really be depressed, looks at Miami's development pipeline and compare it to Jacksonville's:

http://miamidda.com/map/index.html

Just the fact that miami's downtown development authority has an active website and maintains a pipeline puts it lightyears ahead of Jax. 

[mtraininjax]

No.  The lot would sit empty.  I'd personally rather see a deteriorating building (unless it genuinely becomes a public safety hazard - and LST *appears* close) than an empty overgrown lot or a fresh black top for more cars.

Yet the shipyards is used for concerts and parking, literally, an empty lot, and the Berkman is used as an eyesore of what not to do as a builder. The lot next to LST has say empty for years too, as have many of the downtown lots. The only thing that seems to save old structures downtown is a fire.

[CityLife]

That Miami website is awesome. As I said in another thread, the Miami DDA and Orlando DDB are light years ahead of the DIA in marketing and development recruitment.

[thelakelander]

No.  The lot would sit empty.  I'd personally rather see a deteriorating building (unless it genuinely becomes a public safety hazard - and LST *appears* close) than an empty overgrown lot or a fresh black top for more cars.

Yet the shipyards is used for concerts and parking, literally, an empty lot, and the Berkman is used as an eyesore of what not to do as a builder. The lot next to LST has say empty for years too, as have many of the downtown lots. The only thing that seems to save old structures downtown is a fire.

The Seminole Club, Suddath, Covington, Dyal Upchurch buildings, etc. all look great. Soon the old Federal Reserve and Bostwick Buildings will look great too! Some of those sat pretty abandoned and distressed for years.

[tpot]

Miami put together a great video promoting downtown......JAX needs to grow with the rest of Florida.......so much potential and great natural assets....Just imagine what JAX would be like if all the money spent on studies were spent on real projects......

https://www.youtube.com/watch?v=rF4Lno1KU94

[simms3]

^^^Nice video.  Atlanta's 2 "downtown" areas produce good promotional vids, too.  I'm sure Uptown Charlotte does, as well as Nashville and Austin and Denver.

I still get miffed when I see "DT Miami is 2nd largest financial hub after NYC".  I mean...come on.  But props to those making impactful improvements to DT Miami!

[tpot]

Miami is the hub of banking for South America, tons of international banks have offices in Brickell, Miami's Financial District...

[simms3]

^^^About 13 million sf of office space in Downtown Miami/Brickell, in total (excluding medical/government)...Miami DDA pegs the number at just under 18 million sf and that wouldn't change any of the below.  A lot of that has to be taken up by large law firms, such as Greenberg Traurig, which is based there, as well as accounting firms, insurance, companies, architects, engineers, etc.  Leaving a portion of that to be occupied by banks and financial services firms.

There is more office space occupied by banks and financial services firms in the CBDs of Chicago, SF, and Boston than there is total office space in or around downtown Miami.  A "bank" in DT Miami might occupy 5K sf and be staffed by 3-10 people, and they might literally provide only traditional banking services or serve as a language intermediary between a Latin client and a larger hub office in another American city or London.  There is no investment banking presence, no private equity or large hedge funds, no sales/trading/clearing desks, etc etc.  But there are probably 200 of these tiny little offices...I guess that makes DT Miami the "2nd largest financial hub after New York".

The whole city of Miami is essentially a savings bank...I mean real estate developed, bought, and sold by Latins is what drives the entire economy down there.  Lol...but that doesn't make Miami a larger banking or financial center than Boston, SF, or Chicago.  Or even Charlotte.  Or frankly even LA or Houston.

Not to knock Miami down to size, but if there's one city that's full of so many blatantly overstated or false claims, it's that one, and I think it can get away with them because it might as well be a different country and the rest of the US isn't really all that focused on business dealings there.

[KenFSU]

Are we assuming that this project is dead?

Just curious.

[downtownbrown]

^nothing in the budget for it.  And nothing in the budget for Shipyards either. Or the Landing.  I'm guessing that sometime this fall the Khan thing will become unlocked one way or the other.  Maybe it's deja vue all over again.