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Move Over Wine and Classic Cars, Art is the New ‘IT’ Luxury Investment

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A pair of record-breaking, and very different, portraits helped drive art to the top of the Luxury Investment Index in 2017, beating out perennial front-runners classic cars and investment grade wine along the way, according to  The Wealth Report , produced by  Douglas Elliman | Knight Frank Residential. The year’s top sale went to Leonardo Da Vinci’s  Salvator Mundi , a portrait of Christ that fetched a whopping $450 million at auction from an unnamed Middle Eastern buyer, smashing the previous world record of $179 million set by Picasso’s  Women of Algiers  in 2015. The year’s second biggest catch went to Japanese collector Yusaku Maezawawas, who snapped up Jean-Michel Basquiat’s  Untitled , a skull-like portrait rendered in slashes of color, for $110.5 million.

Paramount at Miami World Center

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PROPERTY DETAILS Miami Worldcenter has an unprecedented collection of retail offerings. The Mall at Miami Worldcenter, our signature destination, will feature 765,000 square feet of best-in-class retail, destination dining, and enticing entertainment. The project will be anchored by a 120,000-square-foot Bloomingdale’s and a 195,000-square-foot Macy’s, all in the most accessible site in the region. Complementing the Mall retail experience is the 7th Street Promenade. It is a pedestrian-only thoroughfare that runs east-west through the southern quadrant of Miami Worldcenter, anchored by the new American Airlines Arena and waterfront on the east. Inspired by the world’s great pedestrian streets, the 7th Street Promenade builds on themes made classic by the 3rd Street Promenade in Santa Monica, the Place de l’Horloge in Avignon, and South Beach’s own Lincoln Road. The energy of the Promenade’s street life will be palpable, with European-style outdoor cafés, bars, restaurants, an

CANVAS Condo at the Arts & Entertainment Distric Miami

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PROPERTY DETAILS Canvas is an exciting 37 story tower featuring 513 residences. The residences range in size from 620 to over 1,110 square feet of indoor space, plus expansive terraces. All residences feature 9 foot glass from floor to ceiling, water views and Miami city views. All residences feature modern kitchens and bathrooms, finished flooring throughout the apartment, delivered ready for your furniture to arrive.  From this enviable location, Canvas residents can enjoy immediate access to the neighboring Adrienne Arsht Center for the Performing Arts, Arts & Science Museums, the Miami World Resort, the Miami Design District and the Wynwood and Midtown area for shopping and entertainment along with a myriad of dining options and boutiques. Within just 10 minutes one can be enjoying the pristine beaches of Miami Beach, all of Brickell’s financial district, and quick access to Miami International Airport.  For More Information Visit:  http://www.malenyshernandez.com

5 Great Miami Museum Month Deals

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  There’s still time to take advantage of Miami Museum Month’s deals and discounts. Here are five options. More for Less
 A fast favorite since its opening, the  Phillip and Patricia Frost Museum of Science  is celebrating Miami Museum Month by giving visitors $5 off Total Experience admission tickets Monday through Thursday until the end of May. These tickets include access to all museum exhibitions, aquarium and your choice of one Frost Planetarium show.  $29 for adults and $20 for children ages 3 to 11, 1101 Biscayne Blvd., Miami, 305.434.9600 Looking Back
 How much do you know about the Magic City’s background? A visit to  HistoryMiami Museum  will enlighten and surprise you with its journey back in time and this month the venue is offering 50 percent off general admission tickets. Bookmark this Saturday for the Hands-on-History: City Murals art activity or check out the new  Miami Rocks: The Miami Pop Festival, May 1968  exhibition, w

American Dream Miami developer under contract to buy site in Little Haiti

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Triple Five Group, the developer of the proposed American Dream Miami mall, is under contract to buy the Archbishop Curley-Notre Dame High School site in Miami, with plans to build apartments, condominiums and retail space, The Real Deal has learned. Robert Gorlow, a Miami Lakes-based consultant for Triple Five, confirmed that the Edmonton, Canada-based company has the 15.56-acre site at 4949 Northeast Second Avenue under contract. He declined to provide a price or an estimated date for closing. Triple Five, owned by the Ghermezian family, owns such malls as the Mall of the America in Bloomington, Minnesota and the West Edmonton Mall in Alberta, Canada. Its proposed $4 billion American Dream Miami project is up for county zoning approval on Thursday. The company, led by Iranian-Canadian developer Eskandar Ghermezian, is planning to apply for Special Area Plan zoning for the Archbishop Curley campus. The size of the buildings and the number of apartments, condos and retail spac

What Exactly Is Miami Getting With The $800M Signature Bridge? A Breakdown

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With FDOT now given the green light to move forward with the Signature Bridge project, here is a look at what exactly is being done. In total, $802 million is being spent – but not all on the bridge itself. The breakdown is: I-395 Reconstruction (FDOT) – $556 million SR 836 Improvements (MDX) – $186 million SR 836 Westbound Connector (FDOT) – $35 million I-95 Pavement Reconstruction (FDOT) – $25 million At the ground level, a 55-acre park known as Heritage Trail will be created. The highway span will be elevated from its current 19 feet to 63 feet at NW 3rd Avenue, allowing more sun to shine down. Traffic flow on the highways, including on the Dolphin Expressway, will be significantly improved with a complete rebuild adding more capacity and better ramps. Highlights include a viaduct that will allow eastbound drivers on the 836 to bypass the Midtown Interchange altogether, while another lane will be added for those connecting to northbound I-95 – a problem area for dec

Brightline Service To Miami Begins May 19

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Update : Tickets are now on sale for trains departing May 19 and onward. Brightline tickets to Miami are on sale this morning  through their website . The official service launch will be May 19. As of this morning, departures from Fort Lauderdale to Miami were are priced at $10 for Smart Service and $15 for Select Service. Introductory fares of $3 and $5 are also being offered. Departures from West Palm Beach to Miami was also available, at a cost of $15 for Smart Service and $25 for Select Service. In the Fall, the 50,000-square-foot CentralFare food hall will open at MiamiCentral with various eateries,  a spokesperson told the Herald . Elsewhere in the project, Einstein’s Bros. Bagels will open this summer, with Parliament cafe and Joe & The Juice in spring and Starbucks in early 2019 the next miami