How Will Sea Level Rise Affect Your Home? Miami Is Creating A Tool That Will Show You

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The looming impacts of climate change are increasingly raising questions about the future of Miami‘s real estate, particularly from residents who wonder what will happen to their property as the sea level rises.

Seeing a need for a user-friendly, visual platform where property owners can see what might happen to their land and how they can deal with future problems, Miami is receiving a $100,000 grant to develop a new tool the city hopes will help the average resident understand the risks and options for dealing with rising waters.

The city was awarded the money from Bloomberg Philanthropies’ Mayors Challenge, which grants dollars to cities to solve complex urban problems. In Miami‘s case, city officials want to wrangle various data sets together to create a prototype for an interactive tool that would allow property owners to understand their risks in the coming decades and see what different mitigation strategies might look like.

The city has a lofty goal of integrating data from different sources — sea rise projections, rainfall numbers, tidal measurements, analyzed alongside economic factors and effects of upgraded infrastructure — to construct a platform that can be shared freely with anyone. According to the grant application, Miami‘s administration hopes to build a platform that can be used across the region.

“We have the most assets at risk to storm and sea level rise related flooding than any other metropolitan area in the world,” reads Miami’s grant application. “However, our residents do not havea clear understanding of the risks related to sea level rise, particularly as it relates to their specific property, how they can mitigate those risks over time, and how to stay informed and engaged on city land use, code and infrastructure planning that may also mitigate those risks.”

Jane Gilbert, Miami‘s chief resilience officer, told the Miami Herald the goal is to provide the average person meaningful information in an easy-to-use format.

“The idea is as the city upgrades its infrastructure, it wants to inform residents and to help them think about what they can do and how they can prepare for sea level rise,” Gilbert said.

The private sector has already broached this territory through services that sell information and individualized assessments to property owners, but the city’s ambitions are broader. Gilbert and Michael Sarasti, chief innovation officer, envision a tool that would include projected economic impacts of sea rise, from changing real estate values to disappearing jobs, and a way to visualize the impact of pending legislation.

The $100,000 grant is meant to fund a prototype platform that can serve as the basis for a larger grant application later this year to complete development. For that larger, multimillion-dollar grant, Sarasti said Miami was encouraged to partner with Miami Beach, which received its own $100,000 Bloomberg grant in February for a similar project.

The Beach is working on a prototype that will focus on integrating meteorological and tidal predictions to reduce risks to people and property. Later this year, both cities plan to combine their efforts to vie for more dollars to develop a highly sophisticated program that will aid governments and private citizens in making decisions on how to prepare for sea level rise.

 

Source: Miami Herald

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VIDEO: Miami Developer Looks To The Future With Flying Carport

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Click on the above photo to view a video of just one of the latest high rises to join Miami’s skyline. Paramount Miami Worldcenter is planning a flying ‘sky port’.

 

Source: Deccan Chronicle

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82-Story Mixed-Use Tower Proposed For Downtown Miami

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The owner of a downtown Miami Courtyard Marriott is proposing redeveloping the site into an 82-story mixed-use tower.

A proposal filed with the city of Miami’s Urban Development Review Board reveals AVR Realty Co.’s plans to build a 1.5-million-square-foot residential and hotel high-rise at 200 Southeast Second Avenue. The development would include 637 residential units, 266 hotel rooms, about 9,200 square feet of retail space, 553 parking spaces, and 8,600 square feet of green space. Nichols Brosch Wurst Wolfe & Associates is designing the project.

Rendering of 2nd on 2nd

AVR affiliate Miami Convention Hotel Corp. owns the 1.2-acre property where the 13-story, 231-key Courtyard Miami Downtown/Brickell hotel is located. The building, built in 1975, is adjacent to the Miami Tower at 100 Southeast Second Street, which sold in 2016 for $220 million. The Courtyard site is zoned T6-80-O.

Property records show the AVR affiliate refinanced the Courtyard Marriott in 2015, boosting its financing to $52 million. A year before, AVR hired CBRE to market the property as a redevelopment opportunity, but it was later taken off the market.

According to the UDRB application, the existing hotel would be knocked down. The developer is seeking five waivers, including 10 percent increases in lot coverage, maximum floorplates above the eighth story, substituting commercial loading berths for industrial loading berths, and parking on the second story.

The board will review the development on Wed., April 18. If approved, the project would add to a handful of new towers planned for that area of downtown Miami, which includes the Aston Martin Residences at 300 Biscayne Boulevard Way, Grand Station Partners’30-story project at 40 Northwest Third Street and the YotelPad development at 227 Northeast Second Street.

 

Source: The Real Deal

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Moishe Mana’s Plan For A ‘Curbless,’ Pedestrian-Friendly Flagler Street

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The proposal calls for a much more pedestrian-friendly design. The “curbless” cobblestone street would place car traffic and pedestrians at the same level, separated by bollards and landscaping

On-street parking would be mostly removed in favor of wider sidewalks, with more room for restaurant seating and other amenities.

The presentation was obtained by The Next Miami from Miami’s Downtown Development Authority. Directors voted in February to stop ongoing construction work that had been in planning since at least 2011, in order to consider implementing the new plan.

The new plan would cost an additional $6 million and 36-42 months to build. Funding for the current project comes from the city, county, DDA and stakeholders in the area, but county funding may be at risk if the project is delayed, according to Miami Today.

 

 

 

Source: The Next Miami

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Miami’s Global Reputation As A Global City Growing

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Miami has long been marked as the Gateway to Latin America. But with a revitalized urban core and a hot retail market, Miami is increasingly being seen worldwide as a global city.

Miami hit a tipping point, per se, a couple of years ago and the growth has yet to slow. With nearly 6 million residents and an economic output of more than $300 billion, Greater Miami is one of the largest economic regions in the US and the world. In fact, Miami is comparable to Singapore and Hong Kong, according to a study from the FIU-Miami Creative City Initiative.

“We already look at Miami as a major global gateway city,” Peter Muoio, chief economist at Ten-X, tells Globest.com. “It is a nexus for tourism and investment for Latin America owing to its large Hispanic population with cultural and language ties to the region. It also has major attachments to Europe, assisted by its attractive climate and beaches.”

As the study points out, Miami is the hub of the Southern Florida or So-Flo mega-region, extending to Tampa and Orlando, which houses 15 million people and produces more than $750 billion in economic output. That’s roughly the same as the Netherlands, making it one of the 20 largest national economies in the world.

With a coastal location at the southern tip of the eastern seaboard oriented toward Latin America and the Caribbean, Miami is now one of the 25 most important global cities, the report concludes. With its international airport and port, report authors say Miami is the economic and financial hub of Latin America and increasingly a gateway to Europe and the world.

“Southeast Florida’s three major airports have global connectivity, assisting in its gateway status,” Muoio says. “Interestingly, Miami can benefit from economic success in Latin America as wealth creation increases tourism and investment flows, as well as from turmoil in the region, as it offers a safe harbor.”

 

Source: GlobeSt.

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