CAPITAL PROJECTS - CITY CENTER PROJECTSLOEWS HOTEL
On September 20, 1996, the City of Miami Beach’s Redevelopment Agency (RDA) successfully negotiated a Development Agreement with Miami Beach Redevelopment, Inc. (MBRI), a subsidiary of Loews Hotels, to build the first new convention-quality hotel in Miami Beach in over thirty years. The 800 room Loews Miami Beach Hotel opened its doors on December 23, 1998.
Loews has already far exceeded the profit projection prepared by Tishman Hotel Corporation, the RDA’s project consultant. Since the Loews opened, the RDA has received rent revenues in excess of $3.3 million. The hotel has generated a significant increase in the City’s resort tax, convention development tax, and utility tax proceeds. The Loews was critical in area revitalization efforts, generating over 900 new jobs. The hotel has also served as a catalyst for other new hotel projects in the area. Over $700 million in private and institutional investment in 2950 hotel rooms has transformed Collins Avenue into one of the most prestigious resort hotel corridors in the world.
Since its opening, the Loews project has received numerous awards including the Florida Redevelopment Association’s Outstanding Rehabilitation, Renovation or Reuse Building Project and Management Programs and Creative Partnership and the National Economic Development Partnership Award from Council of Urban Economic Development.
New 140,000 sq. ft. mixed-use project with 100,000 sq. ft. of Class A office space with 30,000 sq. ft. of retail/production studio space. Designed by Nichols Brosch Sandoval, the award-winning architects of the Loews Miami Beach Hotel.ROYAL PALM CROWNE PLAZA RESORT
In conjunction with incentives created for the Loews Hotel project, the City secured the site of the former Royal Palm and Shorecrest Hotels to provide another convention quality hotel as well as to support the first African-American owned convention hotel. As a result, R. Donohue Peebles and Donohue Development Company has crafted an elegant convention hotel to open in late 2001.
THE COLONY THEATERThe 465-seat Art Deco Colony Theater is a former movie house that anchors the western end of Lincoln Road and is listed on the National Register of Historic Places. Originally built in 1934 by Paramount Pictures, this Art Deco theater is the most heavily used, medium sized theater in Miami-Dade County. The Colony Theater Restoration Project will not only restore the theater's original Lincoln Road façades, but will also transform the theater.LINCOLN ROAD
Lincoln Road is a 12 block commercial district that stretches from the Atlantic Ocean to Biscayne Bay. It is one of the hottest shopping streets in the country with a retail rebirth generated by an extensive $20 million overhaul involving streetscape, landscape, and other aesthetic improvements. Retail names include: Banana Republic, Gap, Pottery Barn, Williams-Sonoma, Jewelry Exchange, Mayor’s Jewelers, Swatch, Victoria's Secret, bebe and Sunglass Hut’s.
ANCHOR SHOPS & PARKING GARAGE
The Anchor Shops and Parking Garage (Anchor Place), located at 16th Street between Collins and Washington Avenue, was built to meet the parking and retail needs of the recently opened Loews Miami Beach Hotel and the soon to open Royal Palm Crowne Plaza. The garage has 803 spaces and 20,106 square feet of ancillary retail space fronting Collins Avenue.
Alternative transportation project, which incorporates pedestrian, bicycle and roller travel along the City’s magnificent ocean shore. This paved boardwalk will extend from 21st Street to Lummus Park and will connect to the existing, raised wooden walkway.
COLLINS PARK CULTURAL CENTER
The second focal point of the City Center CRA was the creation of a "cultural campus" or Museum District, which houses the innovative Miami City ballet building, the renovated Bass Museum and the future renovated Miami Beach Regional Library and Collins Park. Each project has been or will be designed by internationally renowned architects: Arata Isosaki (Ballet), Robert Stern (Bass) and the Library (TBA). One feature of this Museum District is the crafting of a gourmet hotel corridor, rehabilitation of Art Deco and MiMo hotels that cater to arts patrons and seasonal visitors. The Electrowave, electric battery powered circulator, will provide service linking the Museum District to Lincoln Road and the Art Deco District.
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