Ritz-Carlton Club To Convert Seville Hotel

Plans have been recently announced to convert the Seville Hotel into a new Ritz-Carlton Club and Residences. The new development will consist of three oceanfront residential towers featuring 44 fractional ownership Club residences, as well as 94 whole ownership Residences.

The Miami Beach location is through a joint partnership with Miami-based developer Lionstone Development and real estate developer and brokerage Fortune International.

Prices will be announced next year. Residence real estate reservations are scheduled for release in early 2006, with fractional ownership reservations following in mid-2006.

The Private Residence Club promises to deliver something no other home can offer, five-star service from the world’s premier hospitality company.

The Ritz-Carlton takes customer service VERY seriusly. In the early 90’s, I worked at the Ritz-Carlton in Marina Del Ray, CA. Everyday, at a pre-shift meeting, we had to recite this credo to our co-workers:

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source: miamibeach411.com

Affordable Zip Codes in South Florida

Willard Shepard of NBC 6 is airing a special report on “Real Estate Reality”. The segment focuses on current market conditions and how a family with a middle-class income can go about buying a home.

NBC 6 and Keys Realty examined all the properties for sale in South Florida, and used ZIP codes to find affordable homes in established neighborhoods.

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source: miamibeach411.com

Soon We’ll Be Shopping at Midtown Miami Shops

Hooray! Midtown Miami has announced the main retail anchors that will service their Midtown Miami Shops. The big-box retailers that are slated to open include Target, Linens’N Things, Circuit City, PetSmart and West Elm store, an affordable home furnishings concept by Pottery Barn.

Home Depot and Wall Mart were in negotiations to take up a main portion of the complex, but both projects have been canceled.

The Shops at Midtown Miami will also include a selection of specialty stores and restaurants when it opens in the fall.

The shopping center will be a 645,000-square-foot retail development, minutes from downtown Miami.

This will make life for people in Miami, Miami Beach, Brickell and Key Biscayne much easier. Currently, we have to go to Aventura or Kendall to shop. But after Midtown opens, a shopping mall will be just minutes away.

Gus Moore is the founder of Miami Beach 411 and the author of 101 Attractions in Miami. If you like this posting, why not link to the blog or bookmark it as one of your favorites?

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source: miamibeach411.com

LoopNet Surpasses 2.5 Million Members

As of Nov. 25, LoopNet counted more than 2.5 million people as members. The popular site has also been attracting plenty of unique visitors in recent months. In late November, ComScore Media Matrix reported that LoopNet drew an average of 915,000 unique visitors per month during the first 11 months of 2007. LoopNet has grown its registered membership base by more than 50% during each of the past two years. The San Francisco-based company is the largest online commercial real estate marketplace for properties located in the U.S. and Canada.

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source: nreionline.com

Site Selection Software Doubles for Marketing

On Dec. 12, Nashville-based Sagittarius Brands adopted geoVue location optimization software to help pinpoint future restaurant sites. Sagittarius owns Captain D’s Seafood Kitchen and Del Taco, the nation’s second largest Mexican fast-food chain. Woburn, Mass.-based geoVue provides state-of-the-art modeling and site selection solutions to retailers, restaurants and other real estate-based businesses. “geoVue gives us the kind of sophisticated market planning capabilities that we need to plan real estate penetration in both new and maturing markets,” says Ron Petty, president of development at Sagittarius.

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source: nreionline.com