Miami Condo Market and Lifestyle Updates
Redevelopment Plans Will Add 10 Stories to a 90 Year-Old Building in Downtown Miami

Redevelopment Plans Will Add 10 Stories to a 90 Year-Old Building in Downtown Miami

by Sep Niakan | December 29, 2015

One investment group has decided to convert a 90 year-old buliding in downtown Miami into a hotel by adding ten floors on top of it.

Dream Downtown, LLC paid $9.2 million for the Dade-Commonwealth building, which was built back in 1925, located at 139 Northeast First Street.

The investment group, which includes one French investor, intends to revitalize the building in a year and a half. Plans for the redevelopment have not yet been released, but they are expected to be given out soon.

The building itself was constructed back in 1925. Originally it had 17 floors, but the year following its construction, a hurricane blew off ten stories. To add to the complications of the redevelopment, the Dade-Commonwealth Building has not passed Dade’s 40-year recertification.




Photo credit:



Recent posts


7 Must-Do Pre-Halloween Events

by Sep Niakan | October 13, 2016

I know Halloween’s around the corner and it’s a given it will be the highlight of everyone’s social calendar. Miami’s Fall calendar is full of exciting events and here’s the low-down on how you can enjoy the run up to...

Real Estate News

With Approved 960-Foot Brickell Market Place, a Headache for Brickell Heights?

by Sep Niakan | September 27, 2016

Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...

Real Estate News

An Edgewater Miami Hotel Joins the Micro-unit “Tiny Homes” Trend

by Sep Niakan | September 26, 2016

Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...

Real Estate News

Skyrise Miami: Future Tourist Destination and Hard Pill to Swallow for Miami Locals

by Sep Niakan | September 23, 2016

The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...