Who doesn’t love a good taco place. If you like a good vibe with truly amazing food, then 222 Taco is the place for you. 222 Taco is located in the North Bay Village neighborhood right on the 79thstreet Causeway. When you step inside you walk towards the left to order your food at the registers, you get a buzzer and then go find a table. While you wait for the deliciousness to be prepared, they feed your ears with some of the best music I’ve heard in a restaurant in a while. We went the other day with some friends and we ordered quite a few dishes off the menu. And I have to tell you that their fish tacos were the best I’ve ever had in my life. We had some great margarita and the food was so good that we decided what better place to go to celebrate Cinco de Mayo. We went last night, and it didn’t disappoint. The Djs were playing some great music, the atmosphere was so much fun, and again food and drinks were on point. Read more
Thor Equities is beginning construction on its planned retail and restaurant development Wynwood Walk, after securing construction financing, The Real Deal has learned.
New York-based Thor won approval from the Wynwood Design Review Committee in May for the project at 2800 Northwest Second Avenue, to be built on 2.3 acres the firm owns in the artsy neighborhood. Read more
A company tied to New York-based Knickpoint Ventures just secured $13.75 million in financing for a Class A self-storage facility in Miami’s Upper East Side, property records show.
Florida Community Bank provided the loan to Bel Air Crest LLC. Records show the entity paid $840,000 for the 29,000-square-foot lot at 7865 Northeast 10th Avenue in 2003.
Knickpoint was founded this year by Zain Koita, a former development executive with Related Companies and Matt Sprayregen, formerly with BBH Capital Partners, a private equity fund based in New York. Read more
The organization behind Art Basel agreed to hold the annual art fair from 2019 to 2023 at the Miami Beach Convention Center after the city agreed to install a new elevator and escalator there.
To help local restaurants, the Greater Miami Convention & Visitors Bureau (GMCVB) has extended Miami Spice through October. The dining program, which traditionally runs August 1 through September 30, is designed to give a financial boost to local eateries during Miami’s slowest months for tourism.
Spice public relations rep Larry Carrino says all restaurants currently participating in Miami Spice are invited to participate in October, but no new restaurants will join. About 90 percent or more of those restaurants are expected to extend the program through Halloween. The GMCVB is still reaching out to restaurants, but fewer than five have declined to continue through next month. The program and price points — $23 for lunch or brunch and $39 for dinner — will not change.
There’s a food hall commotion stirring up around the nation, and developers in Miami are joining the movement.
More food halls are opening nationwide as consumers demand more artisan and healthier food options in lively environments, according to the New York Times.
The brokerage firm Cushman & Wakefield conducted a research study showing that the growth of food halls has increased by 700 percent since 2010. Pamela Flora, director of research for Cushman & Wakefield, told the Times she expects the number of food halls to exceed 200 by 2019, which is about double the number of open food halls in 2016.
Already a number of food halls are planned to pop up around Miami. Those in the works include Brickell City Centre’s three-story Italian food hall, La Centrale, a 40,000-square-foot food hall, located at the northeast end of the shops. The retail component, developed with Swire Properties, Simon Property Group and Whitman Family Development, is part of the $1.05 billion, mixed-use development that also includes residential, hotel and office components. La Centrale is set to open in December. Read more
Many Miami establishments are donating funds and supplies to relief efforts — even as they themselves are without power. Here’s a list of places where your dollars and donations can help.
7-Eleven. Various locations. Customers nationwide can join 7-Eleven in its hurricane-relief efforts by adding $1 to in-store purchases or donating online at 7eleven.com/hurricane-relief. All money will be donated to the Red Cross.
Islamorada Beer Company. 2229 Overseas Hwy., Islamorada; 305-440-2162; islamoradabeerco.com. The brewery has set up a GoFundMe page to help raise money for supplies. Cofounder Jose Herrera says he plans to make as many trips with supplies as he can. So far, the campaign has raised nearly $6,000 of its $10,000 goal. He’s also looking for a few Miami breweries to step up and volunteer to become drop locations for people to leave donated supplies. If anyone is interested in helping, email him at firstname.lastname@example.org. Read more
Terra Group and its partners just took out $63.8 million in construction financing for Eighty Seven Park, boosting their mortgage to $155 million.
Property records show Singapore’s United Overseas Bank Limited is providing the financing to 8701 Collins Development LLC. It adds to the previous $91.2 million the developer secured with the Asian bank.
Eighty Seven Park, designed by Renzo Piano, is being developed by Terra in partnership with Bizzi & Partners Development, Great Eagle Holdings and Vector Group subsidiary New Valley. The developers plan to begin vertical construction soon, but did not provide a date. It was set to go vertical more than a year ago as the condo market slowdown was settling in. Read more
Rising to the top is never a bad thing, and in this case, think rooftops. Naturally, the best way to enjoy captivating skyline views is with a cocktail. If you need a reason to grab a drink, here’s a list of Miami’s five best rooftop happy hours.
1. Whisper Cocktail Lounge. The W Miami’s rooftop terrace on the 50th floor, previously known as Club Fifty, has been rebranded as Whisper Cocktail Lounge. A $5 happy hour featuring on-trend frosé is offered Wednesday through Saturday from 6 to 8 p.m. The lounge’s weekly event lineup is what really makes this rooftop rise above the rest. Ladies’ night is every Wednesday from 6 to 8 p.m., when women drink the weekly rotating cocktail for free. Thursdays are dedicated to the ’80s and ’90s during Bounce Back Thursday; the themed happy hour features local DJs spinning the best throwback hits, and guests can relive their youth through childhood games and free passed bites. 485 Brickell Ave., Miami; 305-503-4400; wmiamihotel.com. Read more
The Department of Housing and Urban Development announced Tuesday that it plans to make changes, including raising premiums, to the reverse-mortgage program for senior citizens. The Trump administration believes the program, which allows lenders to take out a mortgage against the value of their home, needs better financial footing, according to The Wall Street Journal.
HUD plans to raise the upfront payment of the loan program from 0.5 percent to 2.0 percent, and will lower the annual payment from 1.25 percent to 0.5 percent. Changes will only be imposed on new borrowers, while existing reverse-mortgage borrowers will be able to keep existing rates. Read more