A Bright Spot For The U.S. Solar Industry Is In The ‘Sunshine State’

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Frank Cestero is in a sweet spot. The Puerto Rican gets to enjoy the warm, tropical weather of Palm Beach County in the US state of Florida, while the small company he works for is booming thanks to robust growth in the global renewable energy sector.

Cestero is the chief financial officer (CFO) of SolarTech Universal, headquartered in the coastal city of Riviera Beach. Founded in 2012, SolarTech‘s panels are made using advanced robotics and solar cell technology designed by the company’s European partner, Meyer Burger, a Swiss firm operating in Germany and Singapore.

Its cutting-edge equipment allows the green energy company to focus on the premium end of the market. That seems to be working out. SolarTech will be adding a second production line by the end of the year, creating an expected 70 new jobs in the process.

“Demand is robust,” said Cestero. “We’re very bullish over the next 24 months.”

Favorable Business Climate

Governments and businesses have increasingly set their sights on harnessing the power of the sun to meet their energy needs. Furthermore, government policy changes in response to climate change have created incentives and mandates at the local, state and national levels.

Technological improvements, meanwhile, have slashed solar power production costs, making it more accessible to commercial and residential customers. Demand for clean power has also been on the rise over the past several years, with consumers seeing the benefits of shifting to clean sources of energy and decentralized power distribution.

Against this backdrop, companies big and small are optimistic about the future. Market players like CED Greentech, a large US solar panel distributor and SolarTech customer, have increased their investments over the past couple of months.

“The market is pretty dynamic,” said Tristan Tedford, a CED Greentech account manager setting up shop in Pompano Beach, a city just north of Fort Lauderdale. “Module prices have dropped and you have an emerging electric vehicle market coming.”

The Trump Tariffs

The industry’s growth and increasing strategic significance, coupled with complaints from American solar manufacturers about unfair trade competition, were all a part of the reason why US President Donald Trump zeroed in on solar panels, among other products, for tariffs in early 2018.

“The tariff narrowed the price gap between the Chinese product and US product and by highlighting the US product, it has increased awareness of US-made products among end-users and middle-market buyers,” Cestero said.

He claims that by the end of this year SolarTech will be the only domestic manufacturer of exclusively US-made panels, with over 70 percent of its inputs sourced domestically. This is significant because it gives a niche player like SolarTech access to the lucrative public sector, as state and local governments strive to meet CO2-reduction targets by increasing public investment in green energy.

Industry Backlash

But some in the US solar industry have aggressively pushed back against Trump‘s tariffs. One example is SunPower, which is majority-owned by French oil giant Total. The San Jose-based company threatened to curtail its new capital investments and slash jobs if it didn’t receive an exemption from Trump‘s tariffs.

The company builds most of its solar products in Mexico and the Philippines and has argued that the millions of dollars it would pay in import duties threatened its growth plans. After months of lobbying the Trump administration, SunPower received an exemption from the tariffs, boosting the firm’s stock price.

A Solar Slowdown?

The latest industry figures value the US solar sector at $28 billion (€24.13 billion). The industry employs more than 250,000 Americans, with about 40 percent of those working in installation and 20 percent in manufacturing. Five years ago, the sector was installing 3,000 megawatts of solar capacity annually. In 2017, the market grew by as much as 10,000 megawatts.

But experts fear this kind of growth will soon be a thing of the past. Dan Whitten, a spokesman for the US Solar Energy Industries Association, said that since January, more than $2.5 billion in solar projects have been canceled and roughly 9,000 American jobs have either been lost or have not been created as a result of the tariffs.

“If demand drops because products are artificially made too expensive for consumers, nobody wins. It’s unlikely that US manufacturing will expand enough to satisfy burgeoning demand,” Whitten told DW. “While we support new US manufacturing, companies are still going to have a hard time competing with products from overseas in the years ahead.”

Made In Jacksonville

China‘s decision to cut back installed solar capacity this year by reducing subsidies has severely affected the global market for solar panels. While surging capacity had left the country struggling to build sufficient national electrical infrastructure, cuts have forced Chinese panel makers to find new buyers overseas.

In March, Florida‘s largest utility NextEra Energy agreed to buy 7 million solar panels from China‘s leading solar maker JinkoSolar Holding. Alongside that agreement, JinkoSolar is building its first US solar panel factory in Jacksonville — Florida‘s most populous city.

Once the factory reaches full production after November, JinkoSolar expects it to churn out more than 1 million panels a year for the US market.

While JinkoSolar‘s new plant will boost overall US production, modern solar panel factories are increasingly automated, and profits will likely flow offshore.

Still, city officials in Jacksonville see the new Chinese investment as a major win for local businesses, particularly in services and logistics. The adjacent port expects to handle cargo shipments of raw materials and solar panel components needed for the new plant’s operations.

“In addition to creating 250 new jobs, we expect that JinkoSolar will expand its economic impact in the Jacksonville area as the demand for solar panels in the US grows,” said Tia Ford, a city spokeswoman.

 

Source: DW

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Giant Battery, Solar Panels To Power Apartment & Retail Complex At Coconut Grove Metrorail Station

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A developer is planning to rebuild the Coconut Grove Metrorail station into a self-powered apartment and retail complex.

Grove Central will include a 330-unit apartment tower, along with retail space, parking and a bus station, according to the Miami Herald. Total cost is expected to be $200 million.

Solar panels are planned to cover the buildings, producing two megawatts of power. Underneath, massive batteries that are the size of six shipping containers will store 20-megawatts per hour of electricity.

Air condition for the building would come from a geothermal system using cold water pumped from underground. Groundwater and rainwater will also be used to provide cooling mist and for landscape irrigation.

Enough power could be generated and stored to make the building self-powered, while also powering Metrorail as it departs the station, planners say. The solar array and battery is known as an urban microgrid, and is the first of its kind in Florida.

A waste-to-energy plant that would convert sewage into power, compost and water is also in negotiations.

The developers are awaiting final approval from county transportation officials, with completion expected in 2021. Five other Metrorail stations, as well as 10.7-acres of land next to Miami Central Station by the airport, are now in planning or negotiations for similar sustainable projects.

Terra Group and Grass River Property are the developers of Grove Central, with Touzet Studio the architect. The solar project is also a pilot program for Florida Power & Light.

 

Source: The Next Miami

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Miami’s Three ‘Hottest’ Neighborhoods

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Those looking for new digs in South Florida would be wise to check out one of these areas.

Here’s where luxury home buyers are parking their money.

Coconut Grove

Coconut Grove is on the tip of many Miami real estate experts’ tongues, all of whom cite a sort of rebirth in an already prestigious area.

“The city is doing a lot to revamp the area in terms of parks and restaurants, and it has more of a community feel,” says Chad Carroll of the Carroll Group at Douglas Elliman.

One reason for that is an influx of office space, which has helped make the “live-work-play” lifestyle a possibility in Coconut Grove, says Karen Elmir, president of the Elmir Group with Cervera Real Estate. New stores have also come in, and CocoWalk announced in the spring that it would be adding an open-air plaza as well as new stores and restaurants to the long-established shopping and dining center. Plus, there are plenty of new places to call home.

“There are many new high-end buildings with top-of-the-line amenities,” says Ms. Elmir, who specializes in sales in the area and has shown homes there to celebrities like models Elle Macpherson and Hannah Jeter and basketball player Hassan Whiteside.

Ms. Elmir says prices have gone up in recent years, citing sales at the Bjarke Ingels–designed Grove at Grand Bay. In 2012, she was selling residences at about $800 a square foot. Now, they’re more like $1,100 to $1,200 per square foot, she says.

“It’s one of the hottest areas in all of Miami,” says Daniel de la Vega, president of ONE Sotheby’s International Realty.

He is handling sales at the not-yet-opened Fairchild Coconut Grove, where 26 luxury condominiums range from $1.4 million to $4.6 million.

East Edgewater

East Edgewater is also making waves.

“It’s minutes away from the new Design District,” Ms. Elmir says. “It’s minutes away from Miami Beach.”

Not that one would necessarily want to leave. The area is home to several new retail options—think high-end shops and gourmet restaurant—and has sweeping views of Biscayne Bay.

“Beyond emerging, it’s developing,” says Beth Butler, president of Florida Compass. “There’s been more retail and residential action.…It’s a hot neighborhood.”

She says the condo market is especially strong. The neighborhood has single-family homes lining the side streets, as well. New residential developments include Aria on the Bay, in which Grammy Award–winning producer Timbaland bought a home. A three-story penthouse is for sale for just under $13 million.

There’s also the Biscayne Beach Residences, where Ms. Elmir is showing a $10.5 million penthouse. Paraiso, a project from Related Cos., is bringing 1,400 new condos in four towers, as well as retail options, to service the new spike in population. A new beach club and restaurant are part of the mix.

Downtown Miami

Walkability is one of the main draws of Downtown Miami, according to Jill Eber of the Miami Beach–based real estate team The Jills.

“Everything is superclose,” Jill Eber says. “It’s like a city within a city.…It’s like a little New York there.” That includes the American Airlines Arena, home to the Miami Heat basketball team, cultural centers, and plenty of shops and restaurants.

Ms. Eber says the number of baby carriages in the neighborhood has increased in recent years.

The Brightline train is now connecting passengers from downtown to West Palm Beach and Fort Lauderdale, and developers are looking to the area as another “live-work-play” location.

“Downtown shares its southern border with Brickell,” Ms. Eber says. “The whole area is seeing a lot of interest. Before, it was just a bunch of parking lots.”

The Phillip and Patricia Frost Museum of Science, which opened in 2017, and the Perez Art Museum Miami, which features modern work, are highlights of the area.

“A renewed sense of community has spurred new events and projects,” Ms. Butler says. “One new project is Canvas, a 37-story tower offering 513 fully finished apartments.”

 

Source: Mansion Global

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3,100 SF Of Meticulously Designed Grandeur The Gables Club

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This glorious 3BR/3.5 BA residence located at 60 Edgewater Drive in Coral Gables is elegance and ease personified.

From the stately lobby, private elevator foyer, 10’ ceilings and two spacious terraces with awe-inspiring Bay and skyline views, to countless bespoke elements including designer moldings and cooks island, no detail has been overlooked. Elegant finishes, executed in granite, marble and the finest Brazilian Ipe abound. The eat-in brunch/breakfast nook plus the grand master suite and its luxurious marble bath and dressing closet complete an incomparable lifestyle. Love entertaining? It’s effortless here with the configured prep-kitchen coupled with two distinct living room conversation areas and sit-down dining for 12 or more.

 

 

If it’s this grand now, what magic would your own personal imprint create? 

Call Andrew Kruss at 305-496-2950 to set up a showing!

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70-Story Okan Tower Files For Construction Permit

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Okan Tower is one step closer to beginning construction.

On September 1, contractors filed a dry run permit to begin building a 70-story tower, city records show.

Next week, a phased Class II foundation permit will be filed, along with a master building permit, a consultant working for the developer said.

The filing last week included:

  • 500 sheets for review by city officials
  • $457,707.60 upfront permit fee
  • $163,466,625 total cost of construction
  • 318,090 square feet of hotel, with 294 rooms on 19 floors
  • 512,080 square feet of condo, with 398 rooms on 33 floors
  • 66,920 square feet of office, on 4 floors
  • 37,005 square feet of retail on 1 floor
  • 934,095 total square feet to be built

The hotel will be known as the Hilton Bayfront.

Okan representatives previously told The Next Miami that the tower will top of at 890 feet.

 

Source: The Next Miami

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Miami Chamber CEO Has Unusual Concern: Too Much Building

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The CEO of the Greater Miami Chamber of Commerce has a worry that many civic leaders in smaller and less prosperous areas would like to share: development is plunging ahead at breakneck speeds.

“There’s been so much commercial development in Miami and Dade County, that’s one reason why we made the top 20 list for Amazon,” Alfred Sanchez tells Globe.St. com.

He was referring to Miami earlier this year being named in the final 20 cities for Amazon’s new second headquarters in North America, what they’ve dubbed HQ2. The online giant started out with more than 320 locations and whittled it down dramatically.

“What I really worry about is that development is happening so quickly with such a large volume of stuff that’s going to happen that we get ahead of planned development,” Sanchez says.

Traffic is Growing Issue

One particular concern: congested traffic.

“That’s our number one issue, so that when you live here, you’re not stuck in traffic all day long in the downtown area,” Sanchez says.

He cites promising new commercial developments moving the area forward such as the Chinatown project in North Miami. It was recently in the news as requests were made for proposals from architectural firms.

The Chinatown Cultural Arts & Innovation District is to be comprised of 16 blocks of commercially zoned land along Northwest Seventh Avenue between 119th and 135th streets. The area is to be complete with parks, green space, bike lanes and rooftop gardens, along with pagodas, canals and an entrance inspired by the Ming Dynasty.

Many Major Projects Planned

Another promising project he mentioned: Developer Moishe Mana recently secured a $20.13 million construction loan to build Mana Wynwood Americas-Asia Trade Center & International Financial Center. Mana plans to build a center which will feature 10 million SF of commercial space as a trade hub to encourage and facilitate trade between China, Asia, Latin America, North America and the Caribbean. The project will be built in multiple phases with phase 1 including the development of 8.5 acres of Wynwood with 4.68 million SF of Class A office space, showrooms, retail, hotels and other development.

As for infrastructure keeping up with development, Sanchez cites work by the New World Center committee originally formed by the chamber in 1976. Their goal is to “have a catalytic influence on downtown projects in respect of the public and private sectors.”

An area the chamber is looking at as a priority is traffic.

“You need a master plan and the chamber plays a big part in it. We’re trying to develop transit solutions,” Sanchez says.

 

Source: GlobeSt.

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Newest Addition To Miami’s Skyline Has Unusual Basket-Weave Facade Design

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Construction of Solitair Brickell, a 50-story apartment building, has been completed, adding a new high-rise with an unusual façade to Miami’s skyline.

Global architecture and design firm Stantec created the angular, basket-weave design of Solitair Brickell’s exterior. According to Stantec, the design of the building’s zigzag, serrated balconies was inspired by the texture of the Medjool date palm tree, which many South Florida property owners have included in their landscaping.

Interior marble walls in the building’s lobby incorporate wood elements and concrete panels. The tenth-floor Great Room at Solitair Brickell has similar wood finishes with floor-to-ceiling millwork shelving for décor items and artwork. The Resident Entertainment Lounge across from the Great Room has a communal kitchen and dining area where white brick walls are paired with dark cabinets and counter tops.

Developed by ZOM Living, Solitair Brickell has 438 units including studios, one- and two-bedroom apartments, and two-bedroom penthouse suites. An amenity deck on the 50th floor features a rooftop swimming pool and cabanas, a billiard lounge, wet bar and sectional sofas, plus a business center with conference rooms and catering facilities. Tenants also share a gym, outdoor yoga space, and a spa and sauna room.

Solitair Brickell has 6,200 square feet of ground-floor retail space and 463 parking spaces. Monthly rent starts at $2,193 for available apartments at Solitair Brickell, according to ApartmentList.com.

The new 50-story building is located at 86 Southwest Eighth Street across from the Brickell City Centre shopping, dining and entertainment complex.

 

Source: The Real Deal

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Bjarke Ingels Group (BIG) Weaves Green Roofs Into A Mixed-Use Development On Stilts In Miami

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Bjarke Ingels Group has unveiled designs for a massive mixed-use development that is elevated into the air on thin stilts.

Located in the central Miami neighborhood of Allapattah, an industrial, working-class district mainly comprised of produce suppliers, the major complex will serve as a new landmark destination in the city.

Dubbed Miami Produce, the project will activate the site with urban farming, restaurants, storefronts, co-working offices, co-living apartments and educational programming.

Click here to view inhabitat‘s rendering slideshow of BIG’s Miami Produce project

 

Source: inhabitat

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Three Big Real Estate Deals To Be Decided By Voters

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Miami residents will soon vote on three major deals to redevelop city-owned property:

Miami Riverside Center

Lancelot Miami River, an affiliate of Adler Group, wants to demolish and replace the city’s Riverside Center administrative building.

If the deal is approved, four new towers could be built.

Two would be 50 to 60 story condo towers, one of which will be luxury and the other mid-range. A third will be a 30-story rental tower, and the fourth would be a replacement administrative building for the city, valued at $140 million.

Voting is scheduled for November.

Miami Freedom Park

A partnership that includes David Beckham and Jorge Mas want to develop the Melreese golf course into a project valued at up to $1 billion.

The project could include a stadium, retail, hotel, office and parking garages.

Voting is scheduled for November.

Jungle Island Hotel

A 13-story, 300-room hotel is proposed at Jungle Island by owner ESJ Capital.

Voting is scheduled for the August 28 primary election.

Source: The Next Miami

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Tulip-Shaped Tower Proposed For Miami Would Be State’s Tallest Skyscraper

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In downtown Miami, where commuters dash to make trains, college students study for degrees and accused criminals are brought to justice, a developer from Istanbul is gearing up to break ground on a 70-story, 890-foot tower that will stake a claim as the state’s highest skyscraper.

Billionaire businessman Bekir Okan envisions a mixed-use high-rise whose residents and visitors can swim in a pool on the 70th floor, relax in a Turkish bath, and stay overnight in a Hilton-branded hotel. Located at 555 North Miami Ave., west of Biscayne Boulevard and northwest of Miami-Dade College, the project carries a $300 million price tag — fully financed by Okan himself, his company says.

The project is designed to contain 153 residential condo units, 236 condo-hotel units, a 294-room full service hotel and 90,000 square feet of office and meeting room space. The entire 66th floor will be devoted to a restaurant.

In a nod to Miami’s reputation as a place for experimental architectural design, the building’s silhouette will take the shape of a tulip, the national flower of Turkey. The proposed structure would rise slightly north of the main federal courthouse — which takes the shape of a cruise ship.

“We are going to be the tallest in Miami,” said architect Robert Behar, whose firm, Behar Font & Partners, designed the building. “We are going to be among the tallest south of New York. In Miami for certain.”

The building would slightly edge out the recently opened 868-foot Panorama Tower on Brickell Avenue in Miami, which eclipsed the nearby Four Seasons Tower, which stands at 789 feet.

Behar, who said he has grandparents who immigrated from Turkey to the U.S. in 1910, said he wanted to create a design that would reflect his client’s cultural roots.

“I started looking for a traditional symbolic reference I could incorporate into the building without being so literal,” Behar said. “The tulip was the most powerful graphic I could use … leaving a lasting impression on the skyline.”

As with Fort Lauderdale and West Palm Beach, the new Brightline commuter rail service entered the conversation as a partial inspiration for planting a project of this size in Miami’s downtown, once known as a moribund area plagued by false starts and failed projects. The site of the now demolished Miami Arena, original home of the Miami Heat and Florida Panthers, is a short walking distance from the Okan Tower construction site.

“To be able to get to Orlando and Tampa from here is fantastic,” Behar said of Brightline’s future expansion plans. “I didn’t think it was going to happen in my lifetime.”

Kasim Badak, who heads Okan’s business operations in the U.S., said Okan’s interest in developing a project grew as he periodically visited Miami over the last 20 years. His youngest son attended the University of Miami.

“He loves Miami and the diversity of the people,” Badak said.

Okan was out of the country and unavailable for comment for this article. But Badak said Okan has decades of experience operating businesses in Turkey and two Central Asian states — Turkmenistan and Kazakhstan. The tower is his first U.S. real estate project. He founded his Okan Group of companies in 1972 and operates a university bearing his name in Istanbul. Three years ago, he opened a campus in Dania Beach that caters to business students.

During Okan’s visits to Miami, Badak said, he took stock of the city’s surging growth and “wanted to be part of the investment community in South Florida.”

“He told me to look for land in downtown Miami,” Badak recalled, “and last year, the company paid more than $18 million for a development site near Central Baptist Church. He said he is going to do a magnificent building. He wants it to be one of the trademarks of the city of Miami. Last week, the company was in the process of selecting a general contractor and negotiating a franchise agreement with Hilton.”

Okan wants to break ground in the late fall of this year and aims to complete the project in 2022. Badak said “close to 25 people” have put down deposits on units. The company operates a sales gallery on North Miami Avenue as well as one in Istanbul. In May, the company introduced the project at a launch party that drew more than 1,000 people at the Perez Art Museum Miami.

“Miami is a good place,” Badak said. “People come from South America and Europe, Africa and the Far East. There is a great potential here for everybody.”

 

Source: SunSentinel

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