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	<title>Miami Real Estate Source</title>
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	<link>http://miamirealestatesource.com</link>
	<description>Luxury Lifestyle</description>
	<lastBuildDate>Tue, 13 Mar 2012 19:00:07 +0000</lastBuildDate>
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		<title>$25GB MORTGAGE SETTLEMENT WITH BANKS REACHED</title>
		<link>http://miamirealestatesource.com/25gb-mortgage-settlement-with-banks-reached/</link>
		<comments>http://miamirealestatesource.com/25gb-mortgage-settlement-with-banks-reached/#comments</comments>
		<pubDate>Tue, 13 Mar 2012 18:56:17 +0000</pubDate>
		<dc:creator>miamiresource</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://miamirealestatesource.com/?p=6871</guid>
		<description><![CDATA[              The deal between the federal government and 49 states and Bank of America, Wells Fargo, JPMorgan Chase, Citigroup and Ally Financial. (Oklahoma, which negotiated a separate deal with the banks, is not participating in the agreement) Banks will pay roughly $20 billion to help borrowers avoid foreclosure. Most of that will go toward reducing [...]]]></description>
			<content:encoded><![CDATA[<h1><span style="color: #555555;">              </span></h1>
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<li><a href="http://i.usatoday.net/money/_photos/2012/03/12/25B-mortgage-deal-with-banks-is-official-0P14QVOF-x-large.jpg"><img src="http://i.usatoday.net/money/_photos/2012/03/12/25B-mortgage-deal-with-banks-is-official-0P14QVOF-x.jpg" alt="A home for sale in Yardley, Pa." width="245" height="184" border="0" /></a></li>
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<p>The deal between the federal government and 49 states and <a title="More news, photos about Bank of America" href="http://content.usatoday.com/topics/topic/Organizations/Companies/Banking,+Financial,+Insurance,+Law/Bank+of+America">Bank of America</a>, <a title="More news, photos about Wells Fargo" href="http://content.usatoday.com/topics/topic/Organizations/Companies/Banking,+Financial,+Insurance,+Law/Wells+Fargo">Wells Fargo</a>, <a title="More news, photos about JPMorgan Chase" href="http://content.usatoday.com/topics/topic/Organizations/Companies/Banking,+Financial,+Insurance,+Law/JPMorgan+Chase">JPMorgan Chase</a>, Citigroup and <a title="More news, photos about Ally Financial" href="http://content.usatoday.com/topics/topic/Ally+Financial">Ally Financial</a>.</p>
<p>(Oklahoma, which negotiated a separate deal with the banks, is not participating in the agreement)</p>
<p>Banks will pay roughly $20 billion to help borrowers avoid foreclosure. Most of that will go toward reducing loans for about 1 million of the 11 million U.S. households that owe more on their mortgages than their homes are worth.</p>
<p>The banks will also pay $5 billion in cash to the federal and state governments. About a third of that money will go into a fund to be used for sending $2,000 checks to about 750,000 Americans who were improperly foreclosed upon from 2008 through 2011.</p>
<p>Bank of America has the largest financial obligation under the settlement, at $11.8 billion.</p>
<p>The banks will have to complete 75% of their loan-relief requirements within two years and 100% within three years.</p>
<p>The banks didn&#8217;t admit wrongdoing as part of the settlement. Federal and state law enforcement authorities could still pursue criminal action against them, the government says. In addition, individuals who believe they were wronged can still sue the banks in civil lawsuits.</p>
<p>The settlement, reached after nearly a year and a half of contentious negotiations, requires the approval of a federal judge in Washington, D.C. It is the largest settlement involving a single industry since the $206 billion multistate tobacco deal in 1998.</p>
<p>But consumer advocates have said far too few people will benefit. The deal applies only to privately held mortgages and not to those owned by mortgage giants <a title="More news, photos about Fannie Mae" href="http://content.usatoday.com/topics/topic/Organizations/Companies/Banking,+Financial,+Insurance,+Law/Fannie+Mae">Fannie Mae</a> and <a title="More news, photos about Freddie Mac" href="http://content.usatoday.com/topics/topic/Organizations/Companies/Banking,+Financial,+Insurance,+Law/Freddie+Mac">Freddie Mac</a>. Banks own about half of all U.S. mortgages, or about 30 million loans; Fannie and Freddie own the other half.</p>
<p>The banks will be required to make foreclosure their last resort. They won&#8217;t be allowed to foreclose on a homeowner who is being considered for a loan modification.</p>
<p>The new standards are aimed at preventing recent abuses by banks such as lost paperwork and so-called robo-signing — the practice of employees signing papers they hadn&#8217;t read or using fake signatures to speed foreclosures.</p>
<div>
<table width="600" border="0" cellspacing="1" cellpadding="2">
<tbody>
<tr>
<td colspan="6">Forty-nine states and the District of Columbia will receive more than $2.5 billion under a settlement among the states, the federal government and five banks<sup>1</sup> over abusive foreclosure practices. The rest of the $25 billion will be paid to borrowers and to the federal government. Oklahoma is not included because it reached a separate agreement with the banks. Amounts, in millions:</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Alaska</td>
<td>
<div align="center">$3.30</div>
</td>
<td>Kentucky</td>
<td>
<div align="center">$19.2</div>
</td>
<td>New York</td>
<td>
<div align="center">$107.6</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Alabama</td>
<td>
<div align="center">$25.3</div>
</td>
<td>Louisiana</td>
<td>
<div align="center">$21.7</div>
</td>
<td>Ohio</td>
<td>
<div align="center">$92.80</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Arkansas</td>
<td>
<div align="center">$12.80</div>
</td>
<td>Massachusetts</td>
<td>
<div align="center">$44.5</div>
</td>
<td>Oregon</td>
<td>
<div align="center">$29.3</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Arizona</td>
<td>
<div align="center">$97.80</div>
</td>
<td>Maryland</td>
<td>
<div align="center">$59.7</div>
</td>
<td>Pennsylvania</td>
<td>
<div align="center">$66.5</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>California</td>
<td>
<div align="center">$410.60</div>
</td>
<td>Maine</td>
<td>
<div align="center">$6.90</div>
</td>
<td>Rhode Island</td>
<td>
<div align="center">$8.5</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Colorado</td>
<td>
<div align="center">$50.20</div>
</td>
<td>Michigan</td>
<td>
<div align="center">$97.2</div>
</td>
<td>S. Carolina</td>
<td>
<div align="center">$31.3</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Connecticut</td>
<td>
<div align="center">$26.1</div>
</td>
<td>Minnesota</td>
<td>
<div align="center">$41.5</div>
</td>
<td>South Dakota</td>
<td>
<div align="center">$2.9</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>D.C.</td>
<td>
<div align="center">$4.40</div>
</td>
<td>Missouri</td>
<td>
<div align="center">$39.6</div>
</td>
<td>Tennessee</td>
<td>
<div align="center">$41.2</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Delaware</td>
<td>
<div align="center">$7.90</div>
</td>
<td>Mississippi</td>
<td>
<div align="center">$13.6</div>
</td>
<td>Texas</td>
<td>
<div align="center">$134.60</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Florida</td>
<td>
<div align="center">$334.10</div>
</td>
<td>Montana</td>
<td>
<div align="center">$4.9</div>
</td>
<td>Utah</td>
<td>
<div align="center">$21.90</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Georgia</td>
<td>
<div align="center">$99.40</div>
</td>
<td>North Carolina</td>
<td>
<div align="center">$60.9</div>
</td>
<td>Virginia</td>
<td>
<div align="center">$66.5</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Hawaii</td>
<td>
<div align="center">$7.90</div>
</td>
<td>North Dakota</td>
<td>
<div align="center">$1.9</div>
</td>
<td>Vermont</td>
<td>
<div align="center">$2.6</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Iowa</td>
<td>
<div align="center">$14.70</div>
</td>
<td>Nebraska</td>
<td>
<div align="center">$8.4</div>
</td>
<td>Washington</td>
<td>
<div align="center">$54.2</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td height="22">Idaho</td>
<td height="22">
<div align="center">$13.30</div>
</td>
<td height="22">N. Hampshire</td>
<td height="22">
<div align="center">$9.6</div>
</td>
<td height="22">Wisconsin</td>
<td height="22">
<div align="center">$30.2</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Illinois</td>
<td>
<div align="center">$105.80</div>
</td>
<td>New Jersey</td>
<td>
<div align="center">$72.1</div>
</td>
<td>West Virginia</td>
<td>
<div align="center">$5.7</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Indiana</td>
<td>
<div align="center">$43.80</div>
</td>
<td>New Mexico</td>
<td>
<div align="center">$11.2</div>
</td>
<td>Wyoming</td>
<td>
<div align="center">$2.6</div>
</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td>Kansas</td>
<td>
<div align="center">$13.80</div>
</td>
<td>Nevada</td>
<td>
<div align="center">$57.4</div>
</td>
<td></td>
<td></td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td colspan="7">1 = Ally Financial, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo</td>
</tr>
<tr>
<td colspan="6"><img src="/_common/_images/ipr/grey.gif" alt="" width="100%" height="1" /></td>
</tr>
<tr>
<td colspan="7">Sources: Court filings, nationalmortgagesettlement.com</td>
</tr>
<tr>
<td colspan="6"></td>
</tr>
</tbody>
</table>
</div>
<p>&nbsp;</p>
<p>&nbsp;</p>
</div>
]]></content:encoded>
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		<title>MIA AirportLINK scheduled to open next month</title>
		<link>http://miamirealestatesource.com/mia-airportlink-scheduled-to-open-next-month/</link>
		<comments>http://miamirealestatesource.com/mia-airportlink-scheduled-to-open-next-month/#comments</comments>
		<pubDate>Mon, 27 Feb 2012 19:56:49 +0000</pubDate>
		<dc:creator>miamiresource</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[mass transit miami]]></category>
		<category><![CDATA[miami airport link]]></category>
		<category><![CDATA[miami intermodal center]]></category>
		<category><![CDATA[miami public transportation]]></category>
		<category><![CDATA[miami subway]]></category>
		<category><![CDATA[MIC]]></category>

		<guid isPermaLink="false">http://miamirealestatesource.com/?p=6828</guid>
		<description><![CDATA[Scheduled to open in March, the AirportLink is considered the centerpiece of the People&#8217;s Transportation Plan (PTP) , approved by Miami-Dade voters in 2002. . The AirportLink will provide a fast, reliable Metrorail connection to MIA for the millions of residents, visitors and employees who travel to and from MIA every year. With this project, [...]]]></description>
			<content:encoded><![CDATA[<p>Scheduled to open in March, the AirportLink is considered the centerpiece of the People&#8217;s Transportation Plan (PTP) , approved by Miami-Dade voters in 2002. . The AirportLink will provide a fast, reliable Metrorail connection to MIA for the millions of residents, visitors and employees who travel to and from MIA every year. With this project, Miami-Dade County joins the ranks of major metropolitan areas around the world with rapid transit connections to their airports.  This new extension is one of the final steps in the Miami Intermodal Center which will serve as a &#8220;Grand Central&#8221; for the greater Miami Metropolitan Area linking passengers with rental cars, busses, Tri rail and Metro Rail.  The center has a projected opening in the fall of 2013.</p>
<div id="attachment_6830" class="wp-caption alignright" style="width: 310px"><a href="http://miamirealestatesource.com/wp-content/uploads/miami-intermodal-center1.jpg"><img class="size-medium wp-image-6830" title="miami intermodal center" src="http://miamirealestatesource.com/wp-content/uploads/miami-intermodal-center1-300x141.jpg" alt="" width="300" height="141" /></a><p class="wp-caption-text">Miami Intermodal Center (MIC)</p></div>
<div id="attachment_6829" class="wp-caption alignleft" style="width: 250px"><a href="http://miamirealestatesource.com/wp-content/uploads/metrorail21.jpg"><img class="size-medium wp-image-6829" title="metrorail2" src="http://miamirealestatesource.com/wp-content/uploads/metrorail21-240x300.jpg" alt="" width="240" height="300" /></a><p class="wp-caption-text">Metrorail extension near completion</p></div>
<p>&nbsp;</p>
<p>The greatest benefits are quicker commute times to and from the airport for both residents and visitors and well as a more cohesive public transportation net needed to support future growth.  Other major transportation projects in the works are the Port of Miami Tunnel with a scheduled completed date in early 2014 and a proposed  tri rail link between Ft Lauderdale Airport and Miami</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Miami ranked #1 Top Turnaround City by MSNBC</title>
		<link>http://miamirealestatesource.com/miami-ranked-1-top-turnaround-city-by-msnbc/</link>
		<comments>http://miamirealestatesource.com/miami-ranked-1-top-turnaround-city-by-msnbc/#comments</comments>
		<pubDate>Tue, 21 Feb 2012 21:30:42 +0000</pubDate>
		<dc:creator>miamiresource</dc:creator>
				<category><![CDATA[Real Estate News]]></category>

		<guid isPermaLink="false">http://miamirealestatesource.com/?p=6678</guid>
		<description><![CDATA[According to a recent national study by MSNBC, Miami ranks as the #1 Top Turnaround city. What exactly does this mean? all eyes ore on Florida The list weighs year-over-year data from the fourth quarter of 2011 and the fourth quarter of 2010, such as median price appreciation, median age of inventory, inventory reduction rates [...]]]></description>
			<content:encoded><![CDATA[<p>According to a recent national study by MSNBC, Miami ranks as the #1 Top Turnaround city. What exactly does this mean? all eyes ore on Florida</p>
<p>The list weighs year-over-year data from the fourth quarter of 2011 and the fourth quarter of 2010, such as median price appreciation, median age of inventory, inventory reduction rates and unemployment rates, as measured by the Bureau of Labor Statistics in November 2011 and in Miami:</p>
<p>Miami Year-over-year Median List Price Appreciation: 28.57%<br />
Miami Year-over-year Median Age of Inventory: -30.89%<br />
Miami Year-over-year Inventory: -51.44%<br />
Miami Unemployment Rate (November): 9.4%</p>
<p>It should also be mentioned that 4 of the top 5 cities were also located in Florida. What these ranking tell us is that the cities that were first to hit rock bottom seeing the biggest numbers in foreclosures are also the markets that are now seeing the biggest growth and appreciation.</p>
<p>I can personally tell you the market is booming but there are still deals to be had. If you would like more information, please feel free to contact me.</p>
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		<title>IOS ON THE BAY</title>
		<link>http://miamirealestatesource.com/ios-on-the-bay/</link>
		<comments>http://miamirealestatesource.com/ios-on-the-bay/#comments</comments>
		<pubDate>Wed, 08 Feb 2012 01:17:43 +0000</pubDate>
		<dc:creator>miamiresource</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://miamirealestatesource.com/?p=6424</guid>
		<description><![CDATA[IOS ON THE BAY, a boutique bayfont buildng comprised of less than 40 units each offering unique floorplans and generous outdoor spaces.  Penthouse units are still available with the most unique unit being Penthouse South which is a3 bed,3 ½ Bath, 3,436 sf, S/East Corner unit w/Direct Bay Views. 4000 sq ft rooftop with private pool, private elevator.  Custom [...]]]></description>
			<content:encoded><![CDATA[<p>IOS ON THE BAY, a boutique bayfont buildng comprised of less than 40 units each offering unique floorplans and generous outdoor spaces.  Penthouse units are still available with the most unique unit being Penthouse South which is a3 bed,3 ½ Bath, 3,436 sf, S/East Corner unit w/Direct Bay Views. 4000 sq ft rooftop with private pool, private elevator.  Custom kitchen has everything you could want or need including  Mia Cucina Cabinetry, Wolf Range,  Meile Dishwasher, Double Sub Zeros and wine chiller.  Listed at 1,450,000 this unit is truly a home in the sky.</p>
<div id="attachment_6513" class="wp-caption alignleft" style="width: 310px"><a href="http://miamirealestatesource.com/wp-content/uploads/a-IOS-6.jpg"><img class="size-medium wp-image-6513 " title="IOS on the Bay PH North" src="http://miamirealestatesource.com/wp-content/uploads/a-IOS-6-300x199.jpg" alt="IOS on the Bay PH North" width="300" height="199" /></a><p class="wp-caption-text">IOS on the Bay PH North</p></div>
<p>Other units are still avaialbe from the mid 300,000&#8242;s and still offer premium kitchens, baths, and unique floorpalns.  The buildng is also FHA and Fannie Mae approved.</p>
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		<title>Apogee Beach redefines Oceanfront Luxury in Hollywood</title>
		<link>http://miamirealestatesource.com/apogee-beach-redefines-oceanfront-luxury-in-hollywood/</link>
		<comments>http://miamirealestatesource.com/apogee-beach-redefines-oceanfront-luxury-in-hollywood/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 21:03:30 +0000</pubDate>
		<dc:creator>miamiresource</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[apogee]]></category>
		<category><![CDATA[apogee hollywood beach]]></category>
		<category><![CDATA[hollywood beach real estate]]></category>
		<category><![CDATA[new construction hollywood beach]]></category>
		<category><![CDATA[oceanfront luxury condos]]></category>

		<guid isPermaLink="false">http://miamirealestatesource.com/?p=6405</guid>
		<description><![CDATA[Hollywood Beach&#8217;s newest neighbor and perhaps the most luxurous is the Apogee Beach.  Scheduled for opening in late 2013, the project is over 50% sold.  Comprised of only 49 spacious units and standind 22 stories against the backdrop of the Atlantic, Apogee is truly an intimate luxury building. Oceanfront Pool at Apogee Hollywood All residences [...]]]></description>
			<content:encoded><![CDATA[<p>Hollywood Beach&#8217;s newest neighbor and perhaps the most luxurous is the Apogee Beach.  Scheduled for opening in late 2013, the project is over 50% sold.  Comprised of only 49 spacious units and standind 22 stories against the backdrop of the Atlantic, Apogee is truly an intimate luxury building.</p>
<div class="mceTemp">
<dl id="attachment_6406" class="wp-caption alignright" style="width: 310px;">
<dt class="wp-caption-dt"><a href="http://miamirealestatesource.com/wp-content/uploads/apogee2.jpg"><img class="size-medium wp-image-6406" title="Apogee Hollywood Beach" src="http://miamirealestatesource.com/wp-content/uploads/apogee2-300x186.jpg" alt="" width="300" height="186" /></a></dt>
<dd class="wp-caption-dd">Oceanfront Pool at Apogee Hollywood</dd>
</dl>
<p>All residences at Apogee Beach have incredible oceanfront views, and offers<br />
generous floorplans. This secured building has resident key-fob controlled<br />
elevators, plus a secured parking garage. Units come with one assigned space,<br />
and complementary valet services for guests and additional cars.</p></div>
<p>Residences are designed for the ultimate in luxury living. Apogee Beach<br />
ceiling heights range from 9&#8242; to 12&#8242;, all windows are floor-to-ceiling glass,<br />
and ocean views are stunning from all rooms. Kitchens are equipped with premium<br />
European cabinetry, granite counter tops and energy-efficient stainless stell<br />
appliances. Bathrooms are equipped with premium European cabinetry, marble<br />
counter tops, full-size vanity mirrors and designer bathroom fixtures.</p>
<p>Designed by Carlos Ott and constructed by Related Group, the project is sure to be the destination in Oceafront Luxury in Hollywood Beach.</p>
<p>For more information, please fee free to contact me at (305) 215-0556 or <a href="mailto:james@jamescarlisle.com">james@jamescarlisle.com</a></p>
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		<title>St. Regis Hotel Brings Luxury Living To Bal Harbour</title>
		<link>http://miamirealestatesource.com/st-regis-hotel-brings-luxury-living-to-bal-harbour/</link>
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		<pubDate>Wed, 25 Jan 2012 20:13:38 +0000</pubDate>
		<dc:creator>miamiresource</dc:creator>
				<category><![CDATA[bal harbour]]></category>
		<category><![CDATA[Real Estate News]]></category>
		<category><![CDATA[bal harbor new hotels]]></category>
		<category><![CDATA[Bal Harbor real estate]]></category>
		<category><![CDATA[miami beach real estate]]></category>
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		<category><![CDATA[st regis bal harbor]]></category>

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		<description><![CDATA[Thursday marked the much anticpated opening of  the newest St Regis hotel and condominiums.  There are 36 Condo-Hotels Residences, 268 Condominiums Residences, 183 Hotels Suites, and 24 St-Regis Club Residences and this propertt marks the 28th St Regis proporty.  With its prime location, rising up from the ground at 9307 Collins Ave, The St. Regis [...]]]></description>
			<content:encoded><![CDATA[<p>Thursday marked the much anticpated opening of  the newest St Regis hotel and condominiums.  There are 36 Condo-Hotels Residences, 268 Condominiums Residences, 183 Hotels Suites, and 24 St-Regis Club Residences and this propertt marks the 28th St Regis proporty.  With its prime location, rising up from the ground at 9307 Collins Ave, The St. Regis Bal Harbour Resort is well on its way to reaching icon status much like the luxury accommodations of its competitors the Delano and W South Beach. The $1 billion development took 6 years of planning, and construction.</p>
<p style="text-align: right;"><a href="http://miamirealestatesource.com/wp-content/uploads/lobby_photo_lg2.jpg"><img class="alignnone size-full wp-image-6398" title="St Regis Lobby" src="http://miamirealestatesource.com/wp-content/uploads/lobby_photo_lg2.jpg" alt="" width="550" height="369" /></a></p>
<p style="text-align: left;"> The resort, designed by firm Yabu Pushelberg, spared no expense in its decadent interior design. Antique mirrors, rare marble facades and breath taking views make this haute hotel a one of a kind property. The St. Regis is also the new home to the first ever restaurant by renowned chef Jean-Georges Vongerichten, J &amp; G Grill. Boasting 243 guest rooms and two fully residential towers, the hotel is set to make its mark on the shopping destination of Bal Harbour, converting Bal Harbour into an international playground in itself.</p>
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		<title>Parking garages emerging as Architectural Stars in South Beach</title>
		<link>http://miamirealestatesource.com/parking-garages-emerging-as-architectural-stars-in-south-beach/</link>
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		<pubDate>Fri, 20 Jan 2012 03:44:25 +0000</pubDate>
		<dc:creator>miamiresource</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[&#160; A rendering of the ultramodern Collins Park garage in Miami Beach, Fla. Rendering: Zaha Hadid Architects Zaha Hadid, the celebrated London-based architect known for her sinuous designs, has created dazzling museums, concert halls and railway stations across the globe. So what has she decided to tackle next? A municipal parking garage in Miami Beach [...]]]></description>
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<td><img src="http://l.yimg.com/cv/ip/re/gr2/collinspark_v2.jpg" alt="" width="500" height="333" /></td>
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<td><small>A rendering of the ultramodern Collins Park garage in Miami Beach, Fla.<br />
Rendering: Zaha Hadid Architects</small></td>
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<p>Zaha Hadid, the celebrated London-based architect known for her sinuous designs, has created dazzling museums, concert halls and railway stations across the globe. So what has she decided to tackle next? A municipal parking garage in Miami Beach</p>
<p>&#8220;I&#8217;ve always been fascinated by garages,&#8221; Ms. Hadid says. &#8220;I&#8217;ve always liked this idea of bringing the street into a building and making that into an urban space.&#8221;</p>
<p>She has company. Miami Beach has become a magnet for high-end architects intent on rethinking what the often drab, utilitarian parking garage can be. In 2010, Swiss firm Herzog &amp; de Meuron completed a towering, airy parking structure in the heart of South Beach hat has won international acclaim. Seven blocks east, Frank Gehry created, as part of his New World Center concert hall, a steel-mesh garage that is illuminated at night by multicolored LED lights. A few blocks south sits Mexican architect Enrique Norten&#8217;s recently finished garage, featuring a taut, white concrete facade pocked with perforations like a punch card</p>
<p>Next up: Ms. Hadid&#8217;s $12.5 million, city-financed garage in South Beach&#8217;s Collins Park neighborhood; a parking and retail complex by Miami-based firm Arquitectonica in the Sunset Harbour neighborhood; and a planned development near the beach by Dutch architect Rem Koolhaas&#8217;s firm, OMA, that is expected to include a parking garage, possibly topped by a restaurant.</p>
<p>South Beach is also slated for three new automated parking garages designed by ADD Inc Miami that are believed to be the first of their kind in Florida. After drivers drop off their cars in a bay, thin robotic platforms will slide underneath, lift them up and whisk them away to a parking spot.</p>
<p>For drivers, the normally humdrum experience of parking gets a dash of flair. Simon Parra, a part-time resident of the city, refuses to park his black Chevy Suburban anywhere but the Herzog &amp; de Meuron garage at 1111 Lincoln Road. &#8220;It&#8217;s a work of art more than a garage,&#8221; he says. &#8220;Everywhere you look, there&#8217;s a view.&#8221;</p>
<p>He doesn&#8217;t mind paying a premium for the experience. The parking rate at 1111 Lincoln Road, $4 an hour, is more than double the rate at the municipal lot a block away.</p>
<p>Herzog &amp; de Meuron&#8217;s creation, part of a $65 million project, has gone the furthest in revolutionizing traditional notions of a garage. &#8220;Our building is not designed to be a garage,&#8221; says owner and developer Robert Wennett. &#8220;It&#8217;s designed to be a civic space.&#8221;</p>
<p>The structure &#8211; with thin concrete slabs at irregular heights and no exterior walls, leaving vehicles on open display &#8211; is more than a place to stash cars. It features luxury retailers at the street level, a glass box housing a clothing store on the fifth floor and a soaring space with stunning views on the seventh floor that can be rented for events &#8211; all connected by an internal staircase that spirals up like a DNA helix. A few hundred people a day wander in to explore, Wennett says, and the seventh-floor space has hosted weddings, yoga classes and a Lexus commercial.</p>
<p>In some ways, the architectural ferment today harks back to the early 20th century, when garages were beautifully designed by well-known architects, says Shannon Sanders McDonald, author of &#8220;The Parking Garage: Design and Evolution of a Modern Urban Form.&#8221; By the 1970s, though, &#8220;they became cost-driven and functional and ugly,&#8221; she says. Not until the late 1980s and 1990s did architects grapple once again with how to incorporate garages into the urban environment.</p>
<p>Miami Beach was at the forefront then, too. Stocked with architectural gems, including Art Deco and Miami Modern buildings, the city wanted to ensure that its parking structures &#8220;became urban assets rather than urban albatrosses,&#8221; says William Cary, assistant director of the Miami Beach planning department.</p>
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