I'm have no idea why the original Ten Museum Park thread has been closed? In any event, here we go again, a friendly open forum where we can all express our opinions about this special skyscraper. :banana:
http://www.bsbh.com/ten-museum-park/Ten-Museum-Park-Lofts-for-sale.JPG

I would like to see someone take that design even taller and stretch it out for as tall as the design will remain stable.

How very interesting! You and Mike Cannon might be the masters of convoluted nonsense.
Here's some facts about Ten Museum Park:
1. After a year of pre-sales prior to construction, two and a half years during construction (still not complete), and five months since the building received its Technical Certificate of Occupancy and began closings, ONLY 130 units
have closed. Still 70 remain available due to WALKAWAYS AND CANCELLATIONS BY SPECULATORS almost four years since sales initiated. Why would anyone claim this is a successful project???
2. Two dozen more are currently on the MLS for resale. Knock the total of potential owner/occupants down to 105, or 57%. Now, use your imagination, how many of those are sitting empty or rented out?
3. Contact Shelly, who now runs Ten Museum Realty, has stated that he himself sold to at least 75 investor/speculators. Guess what the ultimate outcome will be for them.
4. The 70 still for sale units are cancellations. That is a 35% cancel rate. Something to be proud of??
%. Developer Greg colbin has not seen a penny of profit (which lies in the last 30% of units). Do you think he thinks this building is a success.
5. Prices for this building are currently $350-$400 a sq. ft. They will drop to $300 a foot within a year.

Regarding the imposter posts...(have ANOTHER gulp of Kool Aid);
1. The S. Florida Business Journal will have two articles written by Ed Duggan this coming Friday with my quotes. One is a rental story, the other on an assisted living facility to be built in Wellington.
2. Next Tuesday I will "face off" with Michael Cannon as the keynote for the RealShare/RealMedia conference at the Biltmore in Coral Gables.
3. Next Wednesday, the CNBC program Business Nation has a feature on the Miami condo market with a lengthy interview conducted by Diana Olick. Clips from the Platinum auction will also be included.
4. Look for front page cover stories featuring our data and my quotes in the Miami Herald and the Sun-Sentinel the weekend of November 10-11.
5. I've previously mentioned the speaking engagements in NY, Boston, and San Francisco upcoming in January. Other articles will appear in the Mortgage Bankers Association magazine, Sarasota Herald Tribune, Charlotte Business Journal, etc, etc.
What's your schedule of expert presentations, quotes, TV interviews, etc look like Roark? I thought so. You should Thank God for the skyscraper website, eh?
Now, look in the mirror, and ask yourself this...just WHO is the imposter?
Wash it all down with another gulp of Kool Aid.

Enough time spent here. I'll keep my open from time to time on you very wise armchair and cocktail party real estate experts.

^^

:ohno: If 88% of the units have closed to date(FACT), would you not agree that RE EXPERT is the "impostor"? :bash: I think so. Before bashing people, RE EXPERT might want to double check what he believes to be fact vs fiction.

One thing for sure it that Ten Museum Park is considered a success by Gregg Covin.
Now, more than 70% of the buiding is closed. All the commercial space has been sold.

It was mentioned that "RE Expert" an imposter because he insinuated and suggested that he was Jack McCabe. In one post even signing JM at the end.

It would be shocking if the guy posting as RE Expert was Jack McCabe.
JM is a man in his late 50's, the posts from RE Expert aren't consistent with the maturity or experience of a typical person that age.
It would be shocking if Jack McCabe doesn't even know that name of the Ten Museum Park developer (it's Gregg Covin, not "greg Colbin" as RE Expert posted).
It would also be shocking if JM calls Shelly Abromowitz in the sales center to form the premises of his research for Ten Museum Park.

^^

:ohno: If 88% of the units have closed to date(FACT), would you not agree that RE EXPERT is the "impostor"? :bash: I think so. Before bashing people, RE EXPERT might want to double check what he believes to be fact vs fiction.

Where did you hear 88%? Miamicondoinvestments reported 56% as of last week. You can buy a unit there BELOW the preconstruction 2004 price and bulk buyers are in talks to buy the remaining inventory from the developer.

Where did you hear 88%? Miamicondoinvestments reported 56% as of last week. You can buy a unit there BELOW the preconstruction 2004 price and bulk buyers are in talks to buy the remaining inventory from the developer.

If you seek incorrect data rely on the info you see on Miamicondoinvestments.

I am in TMP 4-5 days/week and have a good idea what is going on. Tomorrow I will be there with a group of French "bulk" investors. And yes, there are deals below the 2004 prices. I can get these for you in almost EVERY building that has yet to close.

Hey Bryan, what deals can u get in TMP now at a high floor w good open bay views in term of price per sqftoot ?

If you seek incorrect data rely on the info you see on Miamicondoinvestments.

I am in TMP 4-5 days/week and have a good idea what is going on. Tomorrow I will be there with a group of French "bulk" investors. And yes, there are deals below the 2004 prices. I can get these for you in almost EVERY building that has yet to close.

Data from that website comes straight from public records so I don't know how unreliable it can be. There is a 2-3 week delay, but it would seem odd that public closings went from 56% to 88% after being so very slow since June. Are you getting your info from the sales center people?

How much of a discount are your French bulk buyers looking for? 50%?

Data from that website comes straight from public records so I don't know how unreliable it can be. There is a 2-3 week delay, but it would seem odd that public closings went from 56% to 88% after being so very slow since June. Are you getting your info from the sales center people?

How much of a discount are your French bulk buyers looking for? 50%?

I was fortunate when I started in Miami real estate to work with Lyle Chariff a broker that has lived his entire life in Miami Beach/Miami area. He opened many doors for me including top architects, developers, city commissioners, etc. Let me just say that through these relationships, I am privy to great information which I would argue is more accurate than what you can find on a web site or magazine where inaccuracies are commonplace. You can’t always believe what you read, for example according to the South Florida Business Journal, I am the developer of Star Lofts! LOL

If the data from that site comes straight from the public records, there must be more than a 2-3 week delay. I have a way we can find out for sure. Tomorrow I have a closing for unit 2402 at Ten Museum Park (http://www.bsbh.com/ten-museum-park/). This WILL close tomorrow. Lets see how long it takes to show up.

Regarding Bulk Investors, I’ve sat with a number of groups from as far as Singapore, and Shanghai. These groups are virtually impossible to make a deal with because their expectations and that of developers are too far apart to bridge. Either they want to buy 25% below market value (how do you assess value in market where little is moving?) or they want a 20% yearly ROI (not possible when the rental of condos will cover Tax + Maintenance + a little bit more). I have a copy of the bulk package for the Flamingo that makes no sense. These are difficult deals to put together!!!

Just ask the closing attorney for the building and he/she should know exactly.

How many units is the Flamingo trying to dump? The entire north tower?

Flamingo... Yes...

Data from that website comes straight from public records so I don't know how unreliable it can be. Very unreliable. As a matter of fact, a closing that took place on October 31, 2006 was recorded in Feb. 2007.
There is a 2-3 week delay, but it would seem odd that public closings went from 56% to 88% after being so very slow since June. Are you getting your info from the sales center people?
The 65% number came straight for the guy doing the closings. That was a couple of weeks ago.

How many units is the Flamingo trying to dump? The entire north tower?
Dump is has an interesting conotation!
There are 614 apartments in the North Tower, 200 are under hard contract.
414 are for sale.
For perspective (and since this is the Ten Museum Park thread) Flamingo South Beach has sold more units in the last 6 months than Ten Museum Park has.
Flamingo South Beach has 1,688 units (over 8 TMP's) over 700 have sold, and the remaining are 98% rented. The Sales Director receives about 5 solicitations per week from bottom fishing "bulk buyers" and excited real estate agents who think they have bulk buyer when it is really a journalist or a bank seeking out market data. To date no Flamingo apartments have been sold to a bulk buyer.
Bryan is correct in saying that bulk deals are very hard to put together.

To date no Flamingo apartments have been sold to a bulk buyer.
Bryan is correct in saying that bulk deals are very hard to put together.

In order to move on to the center tower, the North tower has to go. Although the Flamingo has been selling, the rate of sales is not brisk enough to satisfy the developer hence their offering of a Bulk Package.

The South Beach market is fairing much better that Brickell/Downtown/Midtown .

In order to move on to the center tower, the North tower has to go. Although the Flamingo has been selling, the rate of sales is not brisk enough to satisfy the developer hence their offering of a Bulk Package.
The South Beach market is fairing much better that Brickell/Downtown/Midtown .
In other words, the apartments are for sale.
Not much new there.
Since the begining of the sales 18 months ago, the apartments are for sale, you can buy them one at a time, 12 at time or all of them at once.
I think that most people associate bulk buying with vulture funds and deep discounts. Although the Flamingo sales team would love to sell in quantity, deep discounts are not being offered.
Not only is South Beach fairing better than other markets, it has been for the last 15 years.

Some interesting reviews by some of the first residents of Ten Museum Park:

http://www.miamiurbanlife.com/group/tenmuseumpark/forum/topic/show?id=1256554%3ATopic%3A2141


:ohno:

^^Quote from the Ten Museum blog mentioned above:
"Actually, I was the first person to move into the building and that was June 28th. At the time, there was no lobby, no pools, they had to hire a valet so that the parking garage could be opened. But I park my own car and give the keys to the valet. Actually, the first 9 floors were closed off due to construction. Things have progressed very slowly, but little progress has been made in the last month or so. I was told the gym would be completed by the end of November. That seems unrealistic with the space not having been built out or even started. We did get a reprieve on our fees until the spa and gym open. No estimate was given as to their real opening date. When things get moving again, I will let you know."

Well at least they have a reprieve on the maint fees and I like the idea of parking your own car!

Have they completed the gym and all common areas yet?

According to mls, there are 79 vacant units (out of 200 units) for sale or rent. Doesn't the developer still have some units for sale as well?

Have they completed the gym and all common areas yet?

According to mls, there are 79 vacant units (out of 200 units) for sale or rent. Doesn't the developer still have some units for sale as well?

This is the latest update from owners on the construction progress:

Ten Museum Park Reviews (http://www.miamiurbanlife.com/group/tenmuseumpark/forum/topic/show?groupUrl=tenmuseumpark&id=1256554%3ATopic%3A2141&groupId=1256554%3AGroup%3A15&page=2)

Looks like it's moving forward, but most of the amenities are not yet completed.

I was in Miami last week and took a stroll around 10 MP. ENJOY!!!

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0272.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0271.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0276.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0278.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0282-1.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0280-1.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0283.jpg



http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0284.jpg


http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0292.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0290.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0295.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0293.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0298.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0297.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0277.jpg

That looks sad. Its been open for almost a year and looks like an abandoned 30 year old building. No wonder they keep sending units to auction. Has the building turned over from the developer to the homeowners association yet?

I kind of feel bad for those who bought into that building.

Are those rust and stains?! The building's brand-new, how is that possible?!

I vsited the building in Feb. and that is exactly what I saw. The pool deck railings were also all rusted...too bad i really liked this building.

That's absolutely shocking. Obviously, there's zero maintenance of the building and as a result it already looks like a dump up close.

Very sad and unacceptable. Have the developers simply vanished or gone bankrupt?

wow! thats seriously just sad. And wtf is up with that patch of grass in front of the building?

Maybe the name should be changed to "Tin" Museum Park based on the shoddy work there. The damn thing already looks like it's 30 years old and it's obvious from those pics they went VERY cheap on a lot of materials.

This sucks. That was my favorite new building but I had no idea until now what a disaster it really is. Who in their right mind would buy into that mess?

wow... 10 museum looks shitty

The BP station looks like it is in better shape than Ten Museum.

The BP station looks like it is in better shape than Ten Museum.

It could not have happened to a better project.

Does anyone know if the owners are complaining?

Im really shocked to see these pics. Wow. Makes one wonder how much a unit in 10MP will be going for in about 2 years!!

This might be one of the true "bargain buildings" to buy into when everything U/C residential is completed.

Im really shocked to see these pics. Wow. Makes one wonder how much a unit in 10MP will be going for in about 2 years!!

This might be one of the true "bargain buildings" to buy into when everything U/C residential is completed.

I could see the logic of that but some of those photos really made the work there look shoddy. I mean actual structural elements such as bulging concrete and cheap looking fixtures rather than just weeds, stains, and trash.

Just makes you wonder about the overall quality of the building and how flawed it may really be. Could be a bargain down the road as you said but I'd be VERY leery as a buyer. If they cut too many corners it's going to be a constant headache repairing the place.

I feel very sorry for those that are there now. Can you imagine how they must feel seeing it look like this so soon after opening?

Does anyone know if the owners are complaining?

Can't imagine they wouldn't. I'd be livid.

I just sent an e-mail to the Herald's Dade news department regarding the situation (along with a link to this thread). This crap really should be investigated...along with the hope that attention to it might help those poor folks living there alleviate this mess.

Who were the developers of TMP anyway? This is criminal.

If I were to spend that amount of money on a condo I would be irate to the point I might be arrested. This absolutely, positively unacceptable.

Covin Comanies is the developer and the architect is Chad Oppenheim.

Can't imagine they wouldn't. I'd be livid.

I just sent an e-mail to the Herald's Dade news department regarding the situation (along with a link to this thread). This crap really should be investigated...along with the hope that attention to it might help those poor folks living there alleviate this mess.

Who were the developers of TMP anyway? This is criminal.

Hey Spellbound,

I have about 10 more photos that are just as interesting. I can post them as if you want to see them. While I was walking around the building, I was being watched by security. I did not feel they liked me taking pictures. I tried to take a few shots of the lobby but did not dare to enter. As I was taking pictures of the trash outside, at about 8am, they sent someone out to start cleaning it up. I did get a look inside.. I have never seen a lobby paneled in pine wood. It looked strange for Miami.

I was wondering if they are letting the building go until Marquise is finished. There may be a lot of construction dirt and dust coming over from Marquise.

It is not so much that it looks dirty, it is the cheap materials. Those door pulls look like they belong in an medical office in Little Havana. Same goes with the railings and missing light fixtures that illuminate the steps. :bash:

^^Agreed. Some things are easily fixed but those bulging concrete walls and the obvious use of very cheap materials and fixtures makes you wonder what really went on here.

900...please feel free to post more pics of the situation (they're most appreciated and you're a damn fine photographer, btw). I'm trying to spur interest with the Herald and/or New Times in investigating this situation and am providing a link to this thread so they can see the visual evidence.

Certainly there are bigger issues out there but being that this building sits in such a visible, prime location and represents part of the "new" Miami this is a real embarrassment for the city and obviously intolerable for the people who invested so much money to live there.

It also begs the question of how many are actually living there (by appearances and the amount of neglect it appears to be not many) but regardless something has got to be done.

Thanks again for bringing this to everyone's attention.

I would like to know if they even built it exactly as Oppenheim designed it.

I could see the logic of that but some of those photos really made the work there look shoddy. Of course it does, that was the intention of the photographer and the poster.
You can take some selective photos to make any building look good or bad.

It really isn't so outrageous if you know what is going on.
For instance, many of those photos were taken of the front of the building.
The front of the building is a commercial space where a restaurant will go. The rusty railing and the door pulls are TEMPORARY, it is necessary for the building to get a Temporary Certificate of Occupancy.
Again, for those of you in a frenzy who have never actually stepped foot on the property, the picture with the cheap door pulls is NOT the main entry to the building.
The front is still under construction...it is the area where the city is still planting trees and still landscaping. Until only a couple of weeks ago, construction equipment was driving on that patch of grass in the front. That is out of the developers control and in the hands of the City of Miami (of course, you wouldn't know that by the pictures). Common sense dictates that it won't remain that way for long.
90% of the units have closed, 100% of the commerical and office space has closed.
Of the 12 people I know in the buiding, they are all very happy with the way that it turned out, with the exception of the Spa being late.

To answer the question, "Who would live there?" People with money enough to choose where they want to live. One of the latest residents is Miami Heat player Marcus Banks.

If I had the money, I'd buy unit #1402 listed at $739K, I'm sure that it will be worth much more than $367 per square foot in two years. Whether it is or isn't, I'll be living quite well.
Here is a look from an unfinished bedroom...nice big balcony too.
http://i113.photobucket.com/albums/n215/restainer/loftbalcony.jpg
The security people and the concierge are very friendly and polite...if you are authorized, they will take your picture and enter you into the system. Then you can fo to the floor that you are authorized to visit and walk in and see the finishes. They are great....Sub Zero, Meile, Bosch, etc. Floor to ceiling glass, gigantic balconies, spa style showers and wide open layouts.
http://i113.photobucket.com/albums/n215/restainer/Shower.jpg
Let's all take a deep breath, put the petition down, hang up the phone from Help Me Howard and take a little tour for yourself. You will see it is an incredible building that won't be falling over anytime soon. Reeeeelaxxxxx......

Nice sales pitch but the front of the building is still an eyesore and the amount of neglect is patently obvious.

Sorry, but if I'm a prospective buyer and see stains, bulging concrete, missing fixtures, rusting railings, weeds, trash, etc. I'm going to have very real questions about the viability of the development team and their committment to the project...regardless of how "temporary" some things may be.

If I'm someone who has already invested hundreds of thousands of dollars to live there I'd be absolutely livid.

It's embarrassing, period. Frankly, I'm glad somebody here exposed it rather than play the old "don't pay any attention to the man behind the curtain" routine ala Wizard of Oz.

Nice sales pitch but the front of the building is still an eyesore and the amount of neglect is patently obvious.
Sorry, but if I'm a prospective buyer and see stains, bulging concrete, missing fixtures, rusting railings, weeds, trash, etc. I'm going to have very real questions about the viability of the development team and their committment to the project...regardless of how "temporary" some things may be.
If I'm someone who has already invested hundreds of thousands of dollars to live there I'd be absolutely livid.
It's embarrassing, period. Frankly, I'm glad somebody here exposed it rather than play the old "don't pay any attention to the man behind the curtain" routine ala Wizard of Oz.
It's not a sales pitch, it is the simple truth.
No doubt that if YOU were a potential buyer you would be upset. You are entitled to your own opinion.

Obviously, there's zero maintenance of the building and as a result it already looks like a dump up close. Your quote isn't stating an opinion...it is a statment of fact.
Obviously?!? Zero!?!?

Many people that look at the photos (maybe even the photographer himself) may not realize that Biscayne Boulevard was under construction within a couple of yards from where those pictures were taken very recently, and they may not realize that it is still under construction. Barricades have only just been removed.
I'd have to believe that even the Miami Herald would be fair enough to realize that.
At any rate, you are more than welcome to remain uptight about this and call the developer "criminal". That is up to you...not fair, but you don't have to be. It's really much ado about nothing.

Good luck with everything...I'll start checking in with the Herald to see if this gets elevated to Dateline NBC.

No idea if the Herald or New Times would be interested. If they're not it's of no concern to me anyway...if they are perhaps some people might be concerned for whatever reason. Either way, I just feel bad for those who invested all that money to live there and think a spotlight might help in getting the place looking the way it SHOULD for their sake. In my experience it's not normal for a new, "prestige" building that is presumably open and accepting residents to have an appearance like that, but maybe the standards have changed.

You're right that pictures may not tell the whole story. I'll be in downtown Miami next Wednesday and a visit to TMP is now on the "to do" list.

By the way, I seriously doubt anybody here (at least the regulars) isn't fully aware of Biscayne Boulevard construction. That is fine in explaining a certain amount of dust and debris but it doesn't account for TMP looking shoddy and neglected while even more recent projects such as Marina and 900 look excellent.

About the photos I shot of 10MP. I went there with the intent to see this great building I have heard so much about. The photos are just a simple walk around the building. It is a small building so its easy to photograph. I just snapped some shots of what is out there. I have no agenda. I will say, that I do think the building can be fixed up rather quickly but I saw NO sign of any improvements in the works.

About the photos I shot of 10MP. I went there with the intent to see this great building I have heard so much about. The photos are just a simple walk around the building. It is a small building so its easy to photograph. I just snapped some shots of what is out there. I have no agenda. I will say, that I do think the building can be fixed up rather quickly but I saw NO sign of any improvements in the works.

The photos are appreciated, 900.

Certainly can't imagine any "agenda" involved. TMP is going to be your immediate neighbor, after all, and you certainly have every right to be concerned about its appearance. Hopefully the situation is addressed VERY soon.

Can anybody explain the grass in front of the building, cutting the sidewalk in half, destroying much of the pedestrian activity if not just disturbing its potential

By the way, I seriously doubt anybody here (at least the regulars) isn't fully aware of Biscayne Boulevard construction. That is fine in explaining a certain amount of dust and debris but it doesn't account for TMP looking shoddy and neglected while even more recent projects such as Marina and 900 look excellent.
Spellbound, there are some people, including the 900 (whom I don't think has any other agenda to show what he thought was shoddy work on Ten Museum).
Most here know that there is work on Biscayne, most DON'T know that two weeks ago for the topping off ceremony at Marquis that there were still barricades all around TMP. It seems that they started sidewalk work toward the south and worked their way North. (Now does it make sense that the southern most projects look better than the northernmost?) It is tough to be "fully aware" unless you have been on the property, and that is why I shared that information.
Some of the photographs were taken where the pavers met the building, where equipment probably knocked up against the wall/stairs etc.

My point is that people shouldn't get their drawers in a knot because of a few select photographs taken in an area that isn't the entrance, that has door pulls that are not near the entrance and will be replaced when the street is finished and the restaurant moves in.
As I read some of the posts on this thread, some people have jumped to conclusions that the developer is a criminal or that the fixtures are cheap.
They have even gone so far as to send a link to the Miami Herald. All this without knowing the full story or even visiting the site.

I'm glad to hear that you are going to visit the things that you are posting about. You should coordinate with Sereny or a Realtor for a tour of the place, I'm sure you will drop the charges that you made against the developer.

Anyone know what restaurant will occupy the space at Ten?

If you think TMP looks bad, take a closer look at NeoVertika.

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0284.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0292.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0293.jpg

I don't think structural defaults like above have anything to do with a restaurant perhaps moving in. The cracking you see above is what looks like a minor issue now, but turns into a big special assessment in about 5 years for the association. Luckily, the building should still be under warranty so the developer and contractor are still on the hook.

Can anybody explain the grass in front of the building, cutting the sidewalk in half, destroying much of the pedestrian activity if not just disturbing its potential
I don't know for sure, but it likely has something to do with the property line, and the right of way.
The sidewalk is extremely deep and wide right there because of the way that Biscayne Blvd curves around and under I-395.
The distance between Biscayne's curb and the width of the pavers is uniform in front of all the buildings along that stretch. Because the boulevard curves to the east (even after the recent shift) there is a little patch of grass.
The distance between the grass and the steps leading up to the commercial space is still much wider than Ocean Drive's sidewalk on the West side, and the space from the grass patch to the curb of Biscayne is also wider than the sidewalk between the curb of Ocean Drive and the steps of any of the hotels on the west side.
My guess is that when the trees are planted and the Bobcats leave the area, the grass will grow and then someone will plunk a table chairs and an umbrella there!
You'd have to be there to understand it fully. Google Earth or Maps isn't updated to demonstrate.
Brother Spellbound will visiting the area sometime soon, I'm sure we will have a good report afterward.

I don't think structural defaults like above have anything to do with a restaurant perhaps moving in. The cracking you see above is what looks like a minor issue now, but turns into a big special assessment in about 5 years for the association. Luckily, the building should still be under warranty so the developer and contractor are still on the hook.
Wow... "structural defalults"? I come here for information about condominiums and skyscrapers, I'm by no means an engineer. Thankfully you can determine these things from a digital photograph. Thanks for the information SoBe99.
Foolishly, I"ve been relying on the 3rd generation builder's reputation and the engineers that worked on this project, and the engineers that work for the City Building Department.
Your insight might be saving me a bundle!
How big is the assessment for the association going to be in 5 years?
Wait....you've confused me...
big special assessment in about 5 years for the association. Luckily, the building should still be under warrantyWhich one is it? Big assessment for the association, or it will be under warranty?
Thanks in advance for your help.

We'll simply have to agree to disagree on this, Roark. Suffice it to say we see the situation very differently and won't be changing each other's opinion. That's fine.

One thing I would ask, however is that you please don't take statements out of context. I never called any individual a criminal---I called the situation itself "criminal," in the same way someone might see a pile of trash on the street and comment "that's just criminal."

I'm sure you understand the difference.

here is part 2 of my walk around my nextdoor neighbor.

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0273.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0299.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0274.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0301.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0275.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0279.jpg

the entrance side of the building
http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0286.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0289.jpg


http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0291.jpg

It does look pretty bad, but I have to wonder if perhaps a good power washing wouldn't clean up the building a little. After all, it is an all-white building sitting between two massive construction sites. Although, a bath wouldn't solve those structural cracks... Hopefully somebody has enough in their pockets to pay for the maintenance.

That's absolutely shocking. Obviously, there's zero maintenance of the building and as a result it already looks like a dump up close.
Very sad and unacceptable. Have the developers simply vanished or gone bankrupt?

The quote above is YOUR quote...unabridged.
SHOCKING! OBVIOUSLY!! ZERO MAINTENANCE!
Agree to disagree? Yeah...okay...
I'm not ABSOLUTELY SHOCKED...but you can be.

For those of you that didn't know, in 900's most recent post...the FIRST SIX photographs were roped off until about a week ago. The City of Miami was doing a sidewalk and road improvement project. Who knows, it may have been the day after they took the fence down...you can still see that teh City has left construction pilons and several brick pavers loose.
Not the responsibity of the developer, and even if the developer wanted to clean up the area, he probably didn't have the time to do it.

Not any fault of 900, he just came to town and took pictures not understanding that the place had just been opened up after being closed for months. No crime, how could he possibly know that?
I do take exception for the overreaction and jumping to conclusions with suggestions that somehow the developer does shoddy and cheap work.

Spellbound, before the letter writting campaign to the Miami Herald, and before the shouts of "Shocking" and "Obviously, zero maintenance" shouldn't you see for yourself?

Here is your "criminal" quote...did you really say this without EVER stepping onto the property? What a shame. Let me know when you are there, I'll introduce you to some of the "poor folks" that are living there.
I just sent an e-mail to the Herald's Dade news department regarding the situation (along with a link to this thread). This crap really should be investigated...along with the hope that attention to it might help those poor folks living there alleviate this mess.
Who were the developers of TMP anyway? This is criminal.

Wow. Genuine apoplexy. Whatever, pollyanna.

Regardless, aside from all the bluster I simply see something that is not acceptable, imo, and stand by every single word I have posted in this thread. TMP is OPEN...people LIVE there...and it's incumbent on the developers to reward their investment with a better appearance and maintenance than what is currently going on there.

If that's some kind of "agenda" then I'm only too happy to attach my name to it.

Wow. Genuine apoplexy.
Whatever, pollyanna.
Oh boy....now he's name calling...nice.

At least the hysteria has been tempered. Much ado about nothing...

Also, this supposed "letter writing campaign" consists of two e-mails that took me a grand total of about 90 seconds to compose.

Methinks you're getting a tad melodramatic.

Oh boy....now he's name calling...nice.

At least the hysteria has been tempered. Much ado about nothing...

Obviously, I'm not the only person here troubled by the appearance. Virtually everyone that has chimed in had the same sentiments.

If it's a temporary situation that will soon be addressed, great. I just happen to think people that have made that kind of investment and are ALREADY living there shouldn't be dealing with an appearance like that. Things like missing fixtures and bulging, cracked concrete have got zero to do with Biscayne Boulevard construction or anything else. It's neglect and not having the job done properly.

As for "name calling" perhaps if you didn't feel the need for snide little asides and misquoting what I have said I wouldn't respond in kind.

In any regard I trust we can disagree civilly. You are clearly not going to change my opinion and the reverse is equally true. Neither of us has all the facts. I'm simply trying to do something (in a VERY small way) that would hopefully get this situation addressed sooner rather than later. Is that really so awful?

Wow... "structural defalults"? I come here for information about condominiums and skyscrapers, I'm by no means an engineer. Thankfully you can determine these things from a digital photograph. Thanks for the information SoBe99.
Foolishly, I"ve been relying on the 3rd generation builder's reputation and the engineers that worked on this project, and the engineers that work for the City Building Department.
Your insight might be saving me a bundle!
How big is the assessment for the association going to be in 5 years?
Wait....you've confused me...
Which one is it? Big assessment for the association, or it will be under warranty?
Thanks in advance for your help.

I can see cracks just like everyone else.

I love your attempt at humor and sarcasm though. Have you found a new job yet after the failure of the Flamingo conversion? Concierge at 10 Museum? :lol:

that was cold Sobe

I'll give him one thing...........he sure is passionate about 10 Museum Park.

Maybe its because he has been telling everyone since its inception that investing your money there would provide you an early retirement.

^^

maybe an early heart attack...:lol:

i have to agree with spellbound.

I myself just moved into a recently compelted building, infact, the construction crew is still here doing finishing touches. While some things may not be completed there is certainly no areas that seem like they have been exposed to the elements for 10 years without maintenance like those areas in TMP. They might very well fix them but that still begs the question why would a new, presumably high end building have extensive rust on railings and on other areas in the first place? The materials as spellbound said look pretty bad and while architectually the building is beautifuly designed, it is evident its builders didnt execute their job with the same level of craftmanship. Same can be said with Neo Vertika. When i was lookign for a condo i went to see neo vertika and was appalled at how poorly that building was built. There is an old saying that says you get what you pay for and if i dished out the money that many did on TMP i would expect the building to not only look first rate but built first rate as well. Its like receiving a brand new mercedes with rusted doorhandles. wouldnt you be pissed?

I can see cracks just like everyone else.
Cracks? You called them "structural defaults". Then you predicted " but turns into a big special assessment in about 5 years for the association". Are you sure that the information you posted is true?
Have you found a new job yet after the failure of the Flamingo conversion? :lol: I thought you were my biggest fan!! You seem to post more about me personally than you do about skyscrapers. And when you post about either, you don't know what the hell you are talking about.
Structural defaults....really?

Things like missing fixtures and bulging, cracked concrete have got zero to do with Biscayne Boulevard construction or anything else.
This is my whole point. It DOES have something to do with Biscayne/Sidewalk paver construction.
If everyone that sees these pictures understood that with a couple of exceptions the PHOTOS were taken in an area of a building that had recently been barricaded. Why would you try to replace a lightbulb where a Bobcat was about to run you over. Why would you paint where a stone mason is going to knock into the wall the next day?

Just go to the property today, and it will make more sense to you.

My defense of Ten Museum is definitely in the minority of the people posting here...I'm not out to win a popularity contest.
I defended 50 Biscayne when 99% of the posters looked a rendering (similar to a PHOTO) and went hysterical and said it shouldn't be built.
I defended the Riverfront Project when 99% of the posters thought that it was a gated community the would isolate people.

After a lunch with Norman Brahman, I was at the Marquis topping off ceremony March 26th...the whole front of TMP was a ripped up mess. fences from the street tot he stairs of TMP.
I'm telling you...if 900Biscayne was there a week earlier, he couldn't have even taken those photos. You can still see the barricades and cones...

To construe, surmise, or extrapolate that the developer might be "bankrupt or left town" or that the whole building has "structural defaults" based on photographs is not appropriate and shameful.

I'll give him one thing...........he sure is passionate about 10 Museum Park. Well...passioinate about skyscrapers. That explains why this site is so addictive.
Maybe its because he has been telling everyone since its inception that investing your money there would provide you an early retirement. No, dead wrong.
First, I'd never say anything like that.
Secondly, there is no way that that one apartment or building would provide the kind of early retirement that anyone of my peers would consider satisfactory!

This is my whole point. It DOES have something to do with Biscayne/Sidewalk paver construction.
If everyone that sees these pictures understood that with a couple of exceptions the PHOTOS were taken in an area of a building that had recently been barricaded. Why would you try to replace a lightbulb where a Bobcat was about to run you over. Why would you paint where a stone mason is going to knock into the wall the next day?

Just go to the property today, and it will make more sense to you.

My defense of Ten Museum is definitely in the minority of the people posting here...I'm not out to win a popularity contest.
I defended 50 Biscayne when 99% of the posters looked a rendering (similar to a PHOTO) and went hysterical and said it shouldn't be built.
I defended the Riverfront Project when 99% of the posters thought that it was a gated community the would isolate people.

After a lunch with Norman Brahman, I was at the Marquis topping off ceremony March 26th...the whole front of TMP was a ripped up mess. fences from the street tot he stairs of TMP.
I'm telling you...if 900Biscayne was there a week earlier, he couldn't have even taken those photos. You can still see the barricades and cones...

To construe, surmise, or extrapolate that the developer might be "bankrupt or left town" or that the whole building has "structural defaults" based on photographs is not appropriate and shameful.

My question is what does installing extremely cheap looking door pulls that are 11 steps higher than the ground have to do with paver construction or barricaded streets?

Just go to the property today, and it will make more sense to you.


I'll be doing that a week from today. That's even better than doing it right now, I would think, since the Biscayne work in front of TMP is largely done and the developers will have a week to improve the unsightly appearance. That would be great to see.

I myself just moved into a recently compelted building, infact, the construction crew is still here doing finishing touches. While some things may not be completed there is certainly no areas that seem like they have been exposed to the elements for 10 years without maintenance like those areas in TMP.

I'm sure there's exceptions but in my experience I've never seen ANY new high-end building have the appearance of TMP and while the Biscayne Boulevard construction would certainly explain a certain level of dust and debris I have yet to read anything here that adequately explains how it is responsible for cracked concrete and various other items that seem clearly a result of nothing more than neglect and shoddy work.

I expect those problems will be addressed (as they must)...but with residents already living there it is ridiculous that it exists at all.


There is an old saying that says you get what you pay for and if i dished out the money that many did on TMP i would expect the building to not only look first rate but built first rate as well. Its like receiving a brand new mercedes with rusted doorhandles. wouldnt you be pissed?

Yes. Who wouldn't?

I'll be doing that a week from today. That's even better than doing it right now, I would think, since the Biscayne work in front of TMP is largely done and the developers will have a week to improve the unsightly appearance. That would be great to see.


Yeah and maybe they can slap on some of these bad boys to those doors.

http://www.marvin.com/images/Products/Architectural%20Hardware/StoneRiver/Door/handles_Rect_TLO_Pull_70_200.jpg

If they don't get too banged up by the paver work that is.

10mp is starting to look a little better. Taken earlier this week.

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0750.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0749.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0758.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0740.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0741.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0742.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0743.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0744.jpg

TMP pretty clearly is having "issues." The streetscape work in front of it seems to be finished--and looks great--but once you reach the building itself it appears not much has changed, and that "For Lease" banner right above the entrance is about as cheap and desperate looking as it gets.

The other projects adjoining it have done a marvelous job of making themselves look attractive and inviting but TMP (even though it remains great architecture from a distance) just gets more forlorn the closer you get to the front door. It looks like the entrance to the Kalamazoo Civic Center, frankly. Anybody have the real scoop on what's going on with those guys financially? This is too nice a structure to keep looking the way it does.

Is that the main entrance to the residential part of the building? If so, it looks really, really desolate.

^^ No, I believe that is where the entrance to the "Boutique" Hotel is suppose to be. It doesn't look like that is moving along.

TMP pretty clearly is having "issues."
Anybody have the real scoop on what's going on with those guys financially? The commercial space was sold and isn't owned by Covin, the current owner of the commerical space has put up the sign.
At breakfast with the developer a couple of weeks ago, he said he has closed just about everything at 10 Museum and has closed on a development in Vegas and is looking to develop another project locally. That is about as real a scoop as it gets! Didn't ask him about how he was doing financially...none of my business, and my Mother would consider that impolite!

Contrary to the hallucinations of some that post here, I haven't sold any apartments in the building (or any residential real estate in downtown since late 2004/early 2005), but it is hard to understand the leap of logic that there are problems with TMP. What is the "clearly having "issues"" comment based on?
Spell, you post it as it is a matter of fact, are you sure that it isn't just your opinion?

What is the "clearly having "issues"" comment based on?
Spell, you post it as it is a matter of fact, are you sure that it isn't just your opinion?

It's based on the fact that by the looks of things not much has changed appearance-wise in front these past few months. I see the same forlorn look (except now with the addition of a huge vinyl "For Lease" sign). The road and sidewalk work can't be used to excuse it any longer. The other buildings around it look marvelous.

"Issues" doesn't necessarily mean financial problems. Perhaps they are just neglectful. Either way, the building just doesn't look as it should, imo.

The commercial space was sold and isn't owned by Covin, the current owner of the commerical space has put up the sign.
At breakfast with the developer a couple of weeks ago, he said he has closed just about everything at 10 Museum and has closed on a development in Vegas and is looking to develop another project locally. That is about as real a scoop as it gets! Didn't ask him about how he was doing financially...none of my business, and my Mother would consider that impolite!

Contrary to the hallucinations of some that post here, I haven't sold any apartments in the building (or any residential real estate in downtown since late 2004/early 2005), but it is hard to understand the leap of logic that there are problems with TMP. What is the "clearly having "issues"" comment based on?
Spell, you post it as it is a matter of fact, are you sure that it isn't just your opinion?

The Developer, Covin, probably owns at least 31 units at 10 Museum Park. Search the Miami-Dade property records today. 31 Units are registered and owned by 1040 BISC ASSOC. A search over at the Florida division of corporations lists the 1040 BISC ASSOC as active. The manager and registered agent of 1040 BISC ASSOC is Gregg Covin - the developer.

Also interesting, 16 additional units are owned by AVRA M JAIN. Not sure if Jain was a partner in the development of 10 Museum, but Jain is in real estate investing.

So that is almost 25% of the building tied up with the developer and one investor.

Many other units are also owned by LLCs for multiple units.

Still waiting on the Clinique La Prairie spa. The space has been ready for build out for well over a year.

Whats the story on the Michael Capponi bar and lounge with all those promised VIP hookups in south beach?

The Developer, Covin, probably owns at least 31 units at 10 Museum Park. Search the Miami-Dade property records today. 31 Units are registered and owned by 1040 BISC ASSOC.
Admittedly, I haven't used that page as a resource for over 5 years because the information on www.miami-dade.gov isn't usually updated fast enough to be reliable. I just checked it today on your suggestion though, just to see if the site has gotten better. Take a look at all the closings in 900 Biscayne. Not one single closing. Our fellow poster closed on May 30th, 2008 but it still isn't recorded on that website. I don't think that he is a liar.
You'll also notice that Ivy at Riverfront doesn't have a single closing (even though I personally know of 10, the first being June 13), that website doesn't even have the proper address recorded on the website.
One day, that website might be useful to count the number of closings in a new building, however, for a myriad of reasons, closing statements aren't delivered to the county as the units are closed. As for County Staff's priority of tasks, it may not be tops on their to do list. Bottom line: that is a worthless resource to find out when and how many units are closed in a building, and Gregg likely doesn't own 31 units and didn't the day that he told me he didn't. I don't think he is a liar.
A search over at the Florida division of corporations lists the 1040 BISC ASSOC as active. The manager and registered agent of 1040 BISC ASSOC is Gregg Covin - the developer. Yep....standard operating procedure. He likely won't disolve that for quite some time.
Also interesting, 16 additional units are owned by AVRA M JAIN. Not sure if Jain was a partner in the development of 10 Museum, but Jain is in real estate investing.Don't think so, but she has a reputation for being a great real estate investor and a supportive arts patron. I'm told that she bought many units at the opening and has rented them out. Wonder what those will be worth in 20 years...
Many other units are also owned by LLCs for multiple units.And why wouldn't they be? Real estate investors sure wouldn't want to put a rental unit in their personal name; owning in a corporate structure effectively limits your liability. Whats the story on the Michael Capponi bar and lounge with all those promised VIP hookups in south beach? Who knows,SoBe99, but you must get those weekly phone calls and mailed invitations to all the parties, why wouldn't the residents of TMP?

Why not just call him up for us and ask? If you had breakfast with the guy, then you probably know him really well and he knows you, right? Most developers are really candid and open about what they are trying to sell. A simple "how many units are left" and "what date is the spa going to be built" would be nice.

Lots of those units are listed for sale by 10 Museum Park Realty Inc - a company owned by the developer. There are other units listed for sale by Broker Museum Park Realty LLC - not owned by the developer - but, the units descriptions say "developer owned units".

Seeing lots of LLCs and owners of multiple units means lots of renters in the building. Never a good thing.

Did you know Bangbros is filming their porn movies in 10 Museum now? They must no longer shoot at the Flamingo.

Why not just call him up for us and ask?
Ask what? I don't have any questions on this issue.
Spellbound asked for "the real scoop" and he got it. He doesn't own 31 units.
Originally Posted by SoBe99
The Developer, Covin, probably owns at least 31 units at 10 Museum Park. Search the Miami-Dade property records today. 31 Units are registered and owned by 1040 BISC ASSOC.
That website is not a credible source to determine who owns what in real time. Granted, that is the information displayed on the page, it is just not timely or accurate...it is bad information. People have closed in 900 Biscayne or Ivy and those sales aren't recorded there...does that mean they don't own their property? Of course not.

Spellbound asked for "the real scoop" and he got it. He doesn't own 31 units.


Definitely not. It's only 26. :lol:

..

I just ran a search... it shows 101 deeds recorded in the past 2.5 months at 900 Biscayne
No doubt that there are closings in 900 Biscayne, that isn't the issue, the question is how accurate and up to date is the information on the Miami-Dade.gov website (are you using the website or an alternative?). In other words, 101 are recorded as off July 14th 2008. Are we sure that there aren't 200 closed and only 101 recorded in the County records. I'd bet that the county recording lags the actual as it has for the last 5 years.
Just curious Mileageman...I know that 90 SW 3rd Street #1816 closed on June 24th...can you check and see if you have a record of that in the place where you found the 900 Biscayne closings? edited... BTW I think the units at 10 Museum are a difficult sell... Cool concept but not very practical to have units without interior wallsNo question about that! It's not for me, but having said that, I'd love to be the owner of 2, 26, or 31 units there!

..

There were six closings recorded at the Ivy on 6/24, but I don't see your unit number, are you sure that is the right date? BTW here is the link:
http://www.miami-dadeclerk.com/public-records/default.aspThanks!
Excellent resource...it is still quite a bit behind for the new buildings, but much more accurate than using the property appraiser's site.
For instance I found 41 properties traded by Miami River LLC and there are at least 6 (that I know of for sure) that have closed but haven't been recorded there. I'm sure that they will catch up. Ivy is using 3 different title companies to do their closings and they are knocking out quite a few per week.

Back on TMP...The developer has 9 units available for sale (8 - 2/2.5's and one PH) And I'd still love to be the one to own them!

That website is not a credible source to determine who owns what in real time. Granted, that is the information displayed on the page, it is just not timely or accurate...it is bad information. People have closed in 900 Biscayne or Ivy and those sales aren't recorded there...does that mean they don't own their property? Of course not.

That's not entirely true. From my experience, the miamidade.gov (http://www.miamidade.gov/pa/property_search.asp) website can be delayed when recording new construction or conversion sales (I've seen up to a year!). However, once the initial sale gets recorded, then any subsequent sale after that takes about a month to update. So in the case of Ten Museum Park, any transactions that have occured within the last month may not show, but everything else should be accurate.

That's not entirely true. From my experience, the miamidade.gov (http://www.miamidade.gov/pa/property_search.asp) website can be delayed when recording new construction or conversion sales (I've seen up to a year!). However, once the initial sale gets recorded, then any subsequent sale after that takes about a month to update. So in the case of Ten Museum Park, any transactions that have occured within the last month may not show, but everything else should be accurate. It is hit and miss...an Ivy closing of 6/13/08 isn't recorded (over a month) but one from last Friday is.
There is a reason for that, but the point that I was making remains...using the county records website is good but not always accurate, and should not be used to judge how many units in a building are available or even how many have closed.
A developer may sell and have 20% or more deposit and a hard contract to purchase but it may not be closed. Is it sold or not? It isn't available for anyone to buy, and it hasn't closed and is still on the developers books.
This is the age old question that bankers and developers have been discussing for a very long time.
If you said, I want to buy all your inventory in Ten Museum Park, the developer would likely say, "I only have 9 units left". You might make an offer and buy those 9, but there aren't any more than that available. Has he really closed 191 units out of 200? No, but he only has 9 available and unencumbered for you to buy.
If he had 31 avail and you said, I want to buy all of your inventory, why in God's name would he say no, I only have 9 units left?
This developer develops to sell the units...anyone to think he would lie on this point is either extraordinarily cynical or inexperienced the realm of skyscraper development.
No crime there...this is a great site to learn new things. There is a great phrase in Spanish that goes something like, the Devil doesn't know because he is the Devil, the Devil knows because he is old.

Perhaps he does not want to dump all 31 on the market right now? That would mean 72 units (37%) of the building on the market. Buyers and lenders become wary when so many units are for sale. Especially considering there are also 34 units for rent on the MLS alone.

Here is another interesting thing.....The Commercial Space.

Was it really sold?

1. 10 BISC COMMERCIAL LLC increased their current loan to $12.6 Million on June 6, 2008 according a mortgage filed with the clerk.

2. The address for 10 BISC COMMERCIAL is 2800 Biscayne, Suite 300 - the address of the developer of Ten Museum Park.

3. The managers for 10 BISC COMMERCIAL have been Gregg Covin, although changed on June 6, 2008 to Kevin Venger, who has been partner and chief operator of Gregg Covin Development.

So I guess this question remains, was it really sold?

Perhaps it was not, but maybe the increased mortgage means they are finally getting ready to build out that empty space.

Perhaps he does not want to dump all 31 on the market right now? That would mean 72 units (37%) of the building on the market. Buyers and lenders become wary when so many units are for sale. Especially considering there are also 34 units for rent on the MLS alone. Or maybe they are units that are sold but not closed (see the last post). Perhaps several went under contract the week of June 24th, and just haven't closed yet.
This is an incredible mystery were all we could possibly do is guess...
Here is another interesting thing.....The Commercial Space.
Was it really sold?
1. 10 BISC COMMERCIAL LLC increased their current loan to $12.6 Million on June 6, 2008 according a mortgage filed with the clerk.
2. The address for 10 BISC COMMERCIAL is 2800 Biscayne, Suite 300 - the address of the developer of Ten Museum Park.
3. The managers for 10 BISC COMMERCIAL have been Gregg Covin, although changed on June 6, 2008 to Kevin Venger, who has been partner and chief operator of Gregg Covin Development.
So I guess this question remains, was it really sold?
Perhaps it was not, but maybe the increased mortgage means they are finally getting ready to build out that empty space.
Perhaps the developer had a partner...like maybe a guy from Switzerland or somewhere with Spas...and perhaps....the developer developed TMP paid off his construction loans and then sold the ownership of the commercial space to his partner...who has a registered representative to receive official notices at 2800 Biscayne...and now maybe that owner would like to lease out that space and earn a return on his investment. Perhaps....

Or maybe they are units that are sold but not closed (see the last post). Perhaps several went under contract the week of June 24th, and just haven't closed yet.
This is an incredible mystery were all we could possibly do is guess...

Cool, how many are pending sale? And does he currently control 31 units or no?

Any updates on Ten Museum? Has the area in front been spruced up a bit? How is the spa doing? On my last visit the pool railings were rusting, has this been addressed? I like the building a lot an was wondering on the overall feel and look. I will be down in February and want to know if it is worth looking into again. TIA!

I JUST DO NOT GET THIS!! This building has been finished for years and it still looks like a dump! There is no, and never has been,any attempt to make this building attractive at the street level. I am very disapointed with this building as well as having it as my neighbor.

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_3217.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_3218.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_3219.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_3220.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_3225.jpg

My pictures do not show the true consition of this building. Its in bad need of fresh paint and needs a major exterior cleaning.

I JUST DO NOT GET THIS!! This building has been finished for years and it still looks like a dump! There is no, and never has been,any attempt to make this building attractive at the street level. I am very disapointed with this building as well as having it as my neighbor.


You risk being labeled an 'outsider' and a malcontent who 'knows nothing' by documenting this, 900.

In other words, the specific issues you mention are VERY real and were brought up on this very forum two years ago. The excuse at the time was "sidewalk work" being done. Nothing has changed, and it's more than obvious that basic maintenance is an ongoing issue.

You made an investment and have every reason to be pissed-off. I certainly hope you will agitate to have something done about it and that your neighbors will do the same.

You risk being labeled an 'outsider' and a malcontent who 'knows nothing' by documenting this, 900.

In other words, the specific issues you mention are VERY real and were brought up on this very forum two years ago. The excuse at the time was "sidewalk work" being done. Nothing has changed, and it's more than obvious that basic maintenance is an ongoing issue.

You made an investment and have every reason to be pissed-off. I certainly hope you will agitate to have something done about it and that your neighbors will do the same.

i can tell from the pics the building needs a new coat, oh and why paint a building white in a downtown? so stupid.

and yeah it could have some nice landscaping work done for 5gs or less

Thanks for sharing these pictures..there is definitely a big change from the pictures from 2008 that you posted earlier in this thread.
I was in Miami last week and took a stroll around 10 MP. ENJOY!!!

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0272.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0271.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0282-1.jpg

http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0298.jpg

AfterI JUST DO NOT GET THIS!! This building has been finished for years and it still looks like a dump!
http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_3219.jpg
Before
http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_0298.jpg
The sidewalk improvements made a very big difference, before the bricks were still torn up, the trees weren't planted, construction cones and fencing were all over the place, now it is much better on the Ten Museum property. It is a shame that the owner's do not have pride of ownership enough to paint the building though.

There is no, and never has been,any attempt to make this building attractive at the street level. I am very disapointed with this building as well as having it as my neighbor.
http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_3225.jpg
I think the Burle-Marx sidewalks, the new trees, lighting, and grass looks great. Those are obviously big improvements over the 2008 photos.
Much of the outrage in 2008 was geared toward the incomplete construction work, as you can see from your recent picture above, that has been completed.
So, in fact, the has been an attempt and when you look back at your own photos, you will see all the construction cones, barricades, open electrical boxes, scuffed up paint, etc.
http://i25.photobucket.com/albums/c90/900Biscayneguy/IMG_3218.jpg
My pictures do not show the true consition of this building. Its in bad need of fresh paint and needs a major exterior cleaning.
The thing about anger is you want to be sure the and anger is placed appropriately! In this picture above, the outrage seems geared to the gas station, chain link fence, and the unsightly gravel. I'd agree, that does not look nice and could be improved.
But that land is not owned by Ten Museum Park. The anger here should be directed toward those land owners. We all know (all, except for the (know nothing outsider :)) that TMP has a big blank south wall because the building does not have a setback from the lot line.
http://i1221.photobucket.com/albums/dd479/art19udhr/TenMuseum.gif
I mentioned this a couple of years before, it is your choice, you can chose to be angry, or chose to be patient. My bet is that within a few months, that restaurant space will be rented or purchased. When the owner/tenant builds out the space, they will most certainly eliminate the aluminum railing in favor of glass, add higher quality doors, lighting and probably seek the necessary permits and variance for tables in the green space between the streetwalk and the "front porch".

When the owner/tenant builds out the space, they will most certainly eliminate the aluminum railing in favor of glass, add higher quality doors, lighting and probably seek the necessary permits and variance for tables in the green space between the streetwalk and the "front porch".

That would be the hope. Really, that stuff is where I've found fault all along. It just looks really cheap and substandard considering all the great things that have happened around it---and I think TMP is past the point where it would still be considered 'new.'

"The developer of Ten Museum Park, a high-rise condo building in downtown Miami, promised potential buyers luxury amenities, including services by the celebrated Clinique La Prairie spa.

But after moving in, a group of owners claimed the 50-story building didn’t live up to the high-end standards touted by the glossy 2005 marketing campaign. They filed a class-action suit in Miami-Dade Circuit Court in 2010.

After more than two years of litigation, the parties reached an agreement last month, with Circuit Court Judge Spencer Eig approving a settlement. Miami developer Gregg Covin agreed to pay $587,500 to the condo association, according to court documents. The money would be used to improve the common areas of the 200-unit tower, which was supposed to be one of Miami’s most exclusive buildings.

“Initially, we were seeking individual damage for each unit owner for what was delivered versus what was promised,” said attorney Michael Schlesinger, who represented the owners. “But we compromised by agreeing to represent a class of all owners. It was in the best interest of all the owners to have the money go back into the building.”

The association is due to receive the bulk of the funds this week, said Schlesinger, with Schlesinger & Associates in Miami. Nearly $150,000 is earmarked to pay Schlesinger’s fees, according to court documents.

‘Building Is Beautiful’

Covin finished the high rise in 2007 and the units began closing soon after, before the housing market collapsed.

Covin said there is nothing wrong with his project. He said he agreed to the settlement to avoid further costly litigation.

“The building is beautiful and isn’t missing any amenities,” he said. “We would have won in court, but it would have cost a lot of money.”

He blames the lawsuit on a “disgruntled group of people who didn’t get to flip their units” before the housing market crashed and property values plummeted.

Ten Museum Park owner Candace O’Brien said the settlement money won’t be enough to add some of the things promised in the colorful brochures, including private cabanas, therapy pavilions, saunas, plunge pools and attractive landscaping.
Instead, the money would go to pay for basic upgrades, she said.

“We are putting the money to the best use possible, said O’Brien, a full-time Ten Museum Park resident. “We need to have a lobby that is finished and need to make some improvements to the pool deck.”

O’Brien is resigned to living without the quality of the spa and wellness center once hyped by the promotional material.

Armin Mattli, the late founder of Switzerland-based Clinique La Prairie, was part of the development team and brochures said the project would offer “white-glove service” exclusive to “Clinique La Prairie Lifestyle Residences,” according to the lawsuit. They also promised that residents would receive “endless pampering by the expertly trained Clinique La Prairie staff … [and] whether pool-side in the Sky Garden or within the posh environment of the Wellness Center, [each resident] will experience the Swiss passion for perfection.”

Members of the class action lawsuit said the spa they got was nothing like was promised.

Hazel Goldman, a former unit owner and a class action member, said the settlement won’t compensate for the money she believes she lost because of the developer’s alleged broken promises.

Goldman bought her 1,802-square-foot condo for $770,000 in October 2007, according to Miami-Dade property records. She sold the condo for $520,000 in June 2011, according to county records.

She attributed part of the loss to the ailing housing market and part to subpar amenities.

“The market hurt it,” she said. “But it never should have done as poorly as it did. If it had been properly finished, I would have never lost this kind of money. The building is a joke.”

As part of the settlement, Goldman would get up to $2,500 in compensation since she no longer owns a unit in the building."

^^ That is so sad. :(