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Old July 8th, 2006, 09:19 AM   #161
hello345
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When is paramount beach suposed to start connstruction?

thanks in advance
-hello345
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Old July 14th, 2006, 04:48 PM   #162
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Here's another Sun Post article. This one on the takeover by the developers of the Aqualina of the small hotel/condo next door.

(talk about living in the shadow of another building)


http://www.miamisunpost.com/secondstoryfrontpage.htm

Quote:
Trumped Building
As Investor Seeks Demolition, Unit Owners Fight to Save Building

“The contractors see it as a joke, that you could fix that building.”—Jules Trump, developer of Acqualina

Some Playa Varadero condo owners, like Leo Macias, said they felt they were being pressured by to sell. File photos by Mitchell Zachs/MagicalPhotos.com



By Randy Abraham

At the July 6 Sunny Isles Beach City Commission meeting, unit owners scrambling to repair damages to La Playa Varadero condo-hotel at 17749 Collins Ave. squared off against Jules Trump, developer of the adjacent Acqualina complex and the Williams Island community in Aventura, who wants the building demolished as unsafe.

Trump (no relation to Donald Trump) two years ago bought out a majority of unit owners. Today he owns 55 to 60 of the 101 residential units in the complex, he told the SunPost after the meeting. The Playa Varadero board, which Trump now controls as a majority owner, has already requested a demolition permit from the city. City Attorney Hans Ottinot said the city told Trump’s representatives that it would not issue a permit as there could be appeals from other unit owners.

La Playa Varadero unit owners opposed to demolition said they plan to appeal any demolition permit issuance to the county’s Unsafe Structures Board.

City officials couldn’t take action on the matter, said Mayor Norman Edelcup, because of procedure.

“It was mainly to let the different sides air their frustrations, and for the City Commission to strongly suggest to city management to do whatever it takes to bring the issue to its conclusion,” Edelcup said. “The city can’t take action; the building official is the only one that can declare a building unsafe.”

However, Edelcup did opine that La Playa Varadero should be razed. “The city has to allow the process to be exhausted; that’s my frustration,” he said. “The city and its residents have become victims of two warring factions that are holding the city hostage in a money game.”

Among other disputed issues is the magnitude of needed repairs. If repairs required to bring a building that has been declared unsafe up to code represent more than half the building’s value, the building must be demolished, according to county building code. Trump said the buildings were built inexpensively in the 1950s, do not meet current codes, and could not be repaired economically. He added that parts of the La Playa’s roof blew off and damaged a balcony at the Acqualina. He scoffed at unit owners’ claims that the buildings could be fixed inexpensively. “The contractors see it as a joke, that you could fix that building,” he said.

Attorney Rebecca Henderson, representing unit owners opposed to demolition, said those owners’ attempts to make repairs have been stymied by Trump’s board members, who she said have stalled on performing needed maintenance and post-hurricane repairs. She said engineers hired by the unit owners stated the building could be fixed for less than 50 percent of its value. “We appreciate the city’s strong stance. If we had the opportunity we could get this building back to shape,” she said.

Moshe Weitz, of the Weitz Group, hired by the unit owners to do an inspection, described damages to the buildings as “minor” and said the buildings could be repaired for about 16 percent of their value. He added that the commercial condo unit that houses Grandma’s Restaurant could be fixed for about five to 10 percent of its value.

John D’Arpino, owner of the commercial unit featuring the restaurant, said Trump and his representatives used “intimidation and rock-bottom prices” to buy up the units. Since then, the complex of five residential buildings has begun to deteriorate. “This property did not look like this two years ago,” he said. “After the hurricane, the board did nothing to repair the property and did not even put tarp on the roof. If you let this one developer do this, there will be a bandwagon of developers coming in and buying up units.”

He said he repaired the roof of the restaurant building last June, and was thankful work was completed before hurricanes Katrina and Wilma struck. “It took forever, and I had to threaten to sue the association,” said D’Arpino.

He added, “The unit owners are more than willing to fix the buildings, but that’s not in Jules Trump’s vision.”

Raisa Fooksman, who runs Grandma’s Restaurant, said she has lost a lot of business, when she was first shut down on March 31 and then on June 30.

However, La Playa unit owner and board member Alex Fusco said the buildings’ condition poses a safety hazard and countered, “These conditions were not caused by the present board.” He said unit owners holding out for more money is causing the dispute, since the condo units are not primary residences but vacation or weekend getaways. “This is not their home. This is strictly a dollars-and-cents issue,” said Fusco, who added that the buildings ought to come down before the next hurricane strikes the area.

Two buildings in the complex were closed after Hurricane Wilma, but part of the Playa Varadero had already been evacuated prior to the storm, said Building Official Clayton Parker, because of problems uncovered when the complex underwent its 40-year building recertification.

Trump said it would take less strength than Wilma’s to cause further damage. “It’s not going to take a major hurricane to have pieces of that building flying. There’s a very real danger to life and property if the building were to remain standing,” Trump said.

Jad Shor, condo association president of the adjacent Pinnacle, said he felt the La Playa was a derelict building four or five years ago.

Afterward, Trump described the building as an “utter wreck” when he began buying units. He denied the claim that he low-balled unit owners to buy them out. “We made pretty good offers to the owners, up to the $200,000s.”

Attorney Jeff Berlowitz, representing LPLA Partners, the entity that acquired the units for Trump, noted that unit owners opposed to Trump’s plans and hoping to challenge the elected board have twice lost in court. “The city needs to look at liability issues; the city could be deemed liable if they don’t issue a demolition permit,” he said.

Once a building is declared unsafe, property owners have 30 days to either apply for permits to make repairs, demolish the building, or file an appeal with the county’s Unsafe Structures Board. After hearing an appeal, the board must rule within three days; if it upholds building official Parker’s decision, the building then must be either repaired or demolished.

Parker told city officials of several other damaged or abandoned properties, including the Seashore Club at 18975 Collins Ave., the Blue Grass Club at 18325 Collins, the Miami Beach Club at 19051 Collins, the abandoned International House of Pancakes at 300 Sunny Isles Beach Blvd. and the Colonial Bank building at 290 Sunny Isles Beach Blvd.

Edelcup said Parker’s efforts to identify problem properties were a good start in the city’s efforts against deteriorating buildings. “Unsafe structures need to get fixed up or torn down. We’re going to go after every one,” he said.

Comments? E-mail letters@miamisunpost.com.
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Old July 14th, 2006, 11:03 PM   #163
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The Jade twins, Da Vinci, Solis ... who would have thought that podunk Sunny Isles Beach is getting the most distinctive designs in the metro ?
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Old July 15th, 2006, 02:25 AM   #164
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^ don't forget paramount beach, i think its a great design! when is it supposed to start constrcution>?
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Old July 15th, 2006, 02:34 AM   #165
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Quote:
Originally Posted by hello345
^ don't forget paramount beach, i think its a great design! when is it supposed to start constrcution>?
In an Ocean Drive interview of a couple of months ago, the CEO of Prodigy said 'launch this summer'.
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Old July 15th, 2006, 02:38 AM   #166
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^ cool
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Old July 15th, 2006, 03:18 AM   #167
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Quote:
Originally Posted by Dale
In an Ocean Drive interview of a couple of months ago, the CEO of Prodigy said 'launch this summer'.
DALE , my friend , Please don't count on this tower starting this summer.
This group building the Paramount on the Bay, Paramount on the Beach, and Paramount Park, is having problems selling their units. They barely sold most of their units in Paramount on the Bay, I amazed they started building the tower there., and for Paramount on the beach, its slow sales, I say a late Fall, 2006, after the Hurricane season is almost over, a December start for sure.
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Old July 15th, 2006, 03:24 AM   #168
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Chuck, I thought that by 'launch' they meant starting to sell units. Are you saying that they've been selling units and that it's been slow ?

In any case, I'm fine with this Fall. That's not far off !
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Old July 15th, 2006, 03:27 AM   #169
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it'll probably get cancelled in that case...
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Old July 15th, 2006, 03:44 AM   #170
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Quote:
Originally Posted by Dale
Chuck, I thought that by 'launch' they meant starting to sell units. Are you saying that they've been selling units and that it's been slow ?

In any case, I'm fine with this Fall. That's not far off !
Right DALE and HELLO , they have been advertising about all 3 huge projects, and YES , sales are slow, even at the Paramount on the Bay, I'm very supprised they started building there. Have you been by there, the Bayfornt is a broken sea wall with trash and garbage in the water with whole lot of dirty looking seaweed .

If they start construction on the Paramount on the beach before the end of this Year , I will be supprise !!!

The slowing down of the BOOM is strating Big Time !!!

Its the rising Interest rates and Gasoline prices are going to kill many nore projects soon.
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Old July 15th, 2006, 06:01 AM   #171
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Chuck ! You've been the GOOD NEWS GUY !!! Don't join the dark side just yet !!!
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Old July 15th, 2006, 07:01 AM   #172
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Quote:
Originally Posted by Dale
In an Ocean Drive interview of a couple of months ago, the CEO of Prodigy said 'launch this summer'.
Yeah...okay. This is the same guy that "sold" the Lynx downtown, and the same guy that couldn't sell out the Beach House in Bal Harbour and had to have Turnberry come in and bail him out. Not sure that there is much credibilty in the "launch this summer" comment.
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Old July 15th, 2006, 07:07 AM   #173
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Are you sure it's the same guy ?

In any case, the Bay's going up. Maybe the Beach is next ?
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Old July 15th, 2006, 07:53 PM   #174
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The guy they interviewed is Rodrigo Nino of Prodigy, which controls nearly 3,000 units and $1.5-billion in inventory. Now they do partner with (and presumably bail out) Lynx International.
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Old July 15th, 2006, 08:16 PM   #175
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Quote:
Originally Posted by Dale
The guy they interviewed is Rodrigo Nino of Prodigy, which controls nearly 3,000 units and $1.5-billion in inventory. Now they do partner with (and presumably bail out) Lynx International.
Dale , this guy , Is he the CEO or head president of Prodigy ??? , or just a developer ???
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Old July 15th, 2006, 09:08 PM   #176
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Quote:
Originally Posted by Dale
The guy they interviewed is Rodrigo Nino of Prodigy, which controls nearly 3,000 units and $1.5-billion in inventory. Now they do partner with (and presumably bail out) Lynx International.
Rodrigo Nino is the President and founder of Prodigy International, around two years ago, he was a sales director at Fortune Development, and, as the Sun Post reports the story, "he left with just a laptop".
They did not say whose laptop it was that he left with...
Controlling 3,000 units is some decent marketing spin. Prodigy is a sales and marketing company. Saying that they have the listing on 3,000 units is truthful.

It's my understanding that he has and equity interest in Lynx Development. They were trying to sell AND develop Richard Meier's Beach House. The latest press release is that Turnberry is now the developer, and Prodigy is the sales and marketing firm (has the listing to sell).
The Lynx project downtown was a big Public Relations splash with some catchy renderings, but as I wrote at the time, it wasn't going to happen, and was probably set up to be sold to someone else. That someone else came along, they had a disagreement and now Lynx/Prodigy are battling it out in the courts with that buyer.
It looks like the track record for Lynx is 0-2. As for Prodigy, they are finishing up the Brickell on the River second tower (Fortune sold out the first tower in record time), Solaris (the little Brickell Bay condo), Sole (24 stories in Sunny Isles) a project in Panama City, a Coconut Grove project, and they are spending tons of marketing dollars on the Paramount projects. I think they are doing alright. It'll be interesting to see how many of the $1.5Billion in listings they will sell!! I hope all it!
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Old July 15th, 2006, 09:29 PM   #177
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So ROARK , this hopefully means that Prodigy or Turnberry will build " Paramount on the Beach " by year's end, and Maybe " Paramount Park " Tower in Downtown Miami in about a year and a half from now .
everyone
I hope this is Reality, we just have to keep our fingers crossed and hope all three Paramount Projects get completed .
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Old July 15th, 2006, 10:00 PM   #178
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Paramount Beach, Paramount Bay, and Paramount Park are all developed by Royal Palm Development. They had various marketing firms, notably Majestic and International Sales Group. Now, I think that Royal Palm is sticking with Prodigy on all three.
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Old July 17th, 2006, 05:37 PM   #179
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St. Tropez is now under construction.

http://www.multi-housingnews.com/mul...id=1002800986#

Quote:
J. Milton Breaks Ground On Condo Towers in Up-And-Coming Florida Market

By Matthew Marin, Associate Editor

JULY 06, 2006 -- Sunny Isles Beach, Fla. -- J. Milton & Associates, a Miami-based real estate company, recently broke ground on its latest project, St. Tropez, a trio of condominium towers with 298 units located here, joining other residential projects in the area.

In recent years, Sunny Isles Beach has flourished into an upscale neighborhood with high-rises and premier hotels on both sides of Collins Avenue. Sunny Isles Beach is located on a barrier island in the northeast corner of Miami-Dade County, with the Atlantic Ocean on the east and the Intracoastal Waterway on the west. The city is situated between Miami and Fort Lauderdale.

“St. Tropez addresses the matter of convenience in its location between major area ‘hotspots’ as well as in the development of the new City of Sunny Isles Towne Center intended for the base of its three towers,” Gina Milton, director of marketing and advertising of J. Milton & Associates, told MHN. “This highly-anticipated Towne Center will cater to the social palates of residents and visitors alike with an entourage of upscale retail shops, cafes, business centers and trendy recreational points.”

Inspired by contemporary Italian design, the project is being built at 200 Sunny Isles Blvd., just west of Collins Ave. and east of the Intracoastal Waterway in Sunny Isles Beach. The 234 two and three-bedroom condos, 24 penthouses, 22 custom-designed waterfront suites, and 18 lanai units will have views of the Atlantic Ocean and the Intracoastal. Completion date for St. Tropez is expected in February 2008. The Kobi Karp-designed project is already 70 percent sold.

Floor plans range in size from 1,600 to 3,700 square feet. Prices for remaining units—lanais, water suites and penthouses, start at $750,000. Additionally, Sunny Isles Beach is bolstered by exclusivity and privacy on the north and south with landmark communities like Golden Beach and Bal Harbour.
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Old July 24th, 2006, 05:04 PM   #180
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Sunny Isles Value up $1 Billion

In one year, the assessed value of Sunny Isles has increased from $3.9 billion to $4.87 billion according to the Miami Sun Post. The increase in taxable property has added $3 million in revenues to Sunny Isles' budget.
Quote:
Billions and Billions of Dollars
Rising Property Values Give Sunny Isles More Money,
but Revenue Hikes Already ‘Spent’


It was the city manager’s suggestion to provide a five percent across-the-board salary increase to city workers that drew criticism from some elected officials.

By Randy Abraham

The $1 billion note with Sunny Isles Beach Mayor Norman Edelcup’s portrait where a U.S. president normally would appear was an obvious fake, but the $1 billion increase in the assessed value – from $3.9 billion to $4.87 billion – of all taxable property in his city really happened this year, fueled by rising property values and new construction.

That increase will yield an additional $3 million in revenues for the city in the coming year, City Manager John Szerlag said Tuesday during the first of two budget workshops.

That’s the good news. The bad news: The money is already spent on contractual obligations, rising personnel, pension, fuel and other recurring costs, he said.

For the first time in its 10-year history, the city is holding nonbinding budget workshops this month to gather input from elected officials before final decisions are made on the tax rate and budget in the two September hearings, said Edelcup. “This is giving us the opportunity to participate in the budget process in a more preliminary manner, and the commission is pleased to participate,” he said.

Edelcup also praised the draft budget document for being more detailed than previous efforts in past years. “It’s more detailed and more complete … more information, more goals, more narrative,” he added.

Szerlag described the budget document format as a “significant departure” from previous formats and said it was inspired by recommendations and guidelines from the Government Finance Officers Association. Having only been in Sunny Isles for four months, Szerlag said the draft document does not completely conform to GFOA principles, but added that in time the process he is introducing will.

Szerlag described details of his proposed $20 million general budget and defended his recommendations to restructure some departments and suspend some costly initiatives. But it was his suggestion to provide a five percent across-the-board salary increase to city workers that drew criticism from some elected officials.

“Everyone?” asked Commissioner Lewis Thaler. “It’s taking away initiative.”

Vice Mayor Roslyn Brezin concurred, saying she felt that giving all city workers, regardless of performance, the same pay increase would be unfair to staff members that did outstanding jobs. “I’m not happy with that; it isn’t fair.”

Szerlag, who officially began his duties in March after a long stint in Troy, Michigan, municipal government, explained that while he has long been a proponent of a pay-for-performance system based on the merits of individual workers, he doesn’t have the criteria necessary to perform such a review. He said a study begun by The Mercer Group before he was hired was never finished and he wants the consultant firm to complete the study. Without the findings from the study, “How do I justify giving (one worker) a bigger raise than another?” he asked.

Thaler said he realized Szerlag couldn’t be familiar enough with all city employees after being on the job for four months, but said, “That’s what you have department heads for.”

Edelcup said he wants to see a plan for some form of pay-for-performance pay increases based on merit by September. “He has 60 days to do that,” he said.

Edelcup and Thaler also said they want to see at the next budget workshop a detailed profit-and-loss accounting of the city’s parking lot functions. Thaler noted that at its July 20 meeting, the City Commission will consider the purchase of two meter systems to automate revenue collections at city parking lots.

Szerlag also drew praise for his proposal to establish an Engineering Department. Currently, that function is performed by the consulting firm Calvin & Giordano, whose services cost the city up to $200 an hour. Among other functions, he said, a city engineer could also serve as a project manager on the city’s upcoming capital improvement plans.

“It’s something the city definitely needs with all the projects on the drawing board,” Edelcup said. “There’s so much going on and we’re relying too much on outside firms, that it would be advantageous to bring at least some of it in-house.”

Commissioner Dan Iglesias, a professional engineer who said he has sometimes criticized cost estimates from the city engineering consultants, agreed. “It’s nine years overdue, and it could pay for itself by looking at the consultant’s hourly estimates.”

Added Thaler: “It’s the benefit of having someone there working for you and only you full-time.”

Szerlag also recommended transferring park maintenance from the Parks and Recreation Department to Public Works, adding a financial services administrator.

The city of Sunny Isles Beach will hold its second budget workshop 8:30 a.m., tomorrow when officials will discuss the city’s long-term capital improvement plan.

The city’s budget hearings, when the finalized budget and property tax rate for the 2006-07 fiscal year will be approved, are scheduled for 6:30 p.m., Thursday, September 14 and 6:30 p.m., Thursday, September 28.

In addition, the City Commission will hold its regular meeting 7:30 tonight in the Government Center at 18070 Collins Ave., before going on its August recess.
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