Real Estate
What's next for Washington Ave? We interview mayor Dan Gelber to discuss Ocean Drive. And the new Bayshore park looks like reality.
Sponsors
Bayshore Park coming closer to reality
Looks like the old par 3 golf course may be getting a facelift
By: Re:Miami Beach Susan Askew
It's been more than 11 years in the making but the nearly 19.5-acre park planned for the former Par 3 municipal golf course on Prairie Avenue is finally in the permitting stage. Now known as Bayshore Park, the project cleared
its final hurdle this past week with Design Review Board (DRB) approval.
Plans call for a natural, passive public park with sustainability and resiliency features including a large central lake which will act as a neighborhood watershed in large storm events designed to improve water quality before being discharged into Indian Creek. Barry Miller of Savino & Miller Design Studio said he hoped the park would serve as a “resiliency model for neighborhood planning on the Beach.” The park is located in the Central Bayshore neighborhood and is surrounded by single family and multi-family
residences, Miami Beach Senior High School and the Hebrew Academy, the City of Miami Beach Public Works Yards, and the Scott Rakow Youth Center.
This is the second DRB approval… the first was in September 2017 but the City did not obtain the necessary permits within 18 months due to the lengthy approval process required by the Miami-Dade County Division of Environmental Resources Management (DERM). Following an environmental assessment in which chemical contaminants from pesticides and fertilizers were found as a result of the site's historic use as a golf course, DERM made recommendations for containing the area in the short-term. The environmental agency also
needed to approve remediation efforts for the long-term which include using the soil excavated from the lake area as a “blanket” to cap contaminated soil.
Also included in the plans for the park: open playing fields, an amphitheater terrace down to the lake, six tennis courts and tennis facility, a dog park, pathways, an ADA children's playground, vita course, butterfly
garden, and parking for approximately 90 cars. The park is being funded through the General Obligation Bonds approved by voters in November 2018.
According to the GO Bond project dashboard, the park is expected to be completed by the end of 2022. It is slated to cost $15.7 million.
Completion of the park was part of City Manager Jimmy Morales' employment agreement finalized in March last year. Among his performance goals was finishing the community park within four years. Details of the plan and presentation before the DRB can be found here.
How can we beat Climate Change?
Are we ready?
Homeownership is a long-term investment, with the typical mortgage lasting between 15 and 30 years;
however, most home buyers don't consider the potential impact of climate change on their most important
investment.
The reality is climate change could have a serious impact on how the real estate industry approaches
property values and assesses risk.
Although climate change is a global phenomenon, its impact will not be the same across the globe.
For instance, while some regions might have to contend with increased flooding, others might experience
extreme heat waves or cold snaps.
Therefore, the effect of climate change will vary based on:
1. The type of potential climate-related hazard
2. The vulnerability of a location to that particular type of hazard
3. How the location can adapt to that type of hazard (i.e. emergency readiness)
To understand how climate change will impact major cities across the United States, we gathered and
analyzed available public data from Notre Dame Global Adaptation Initiative (ND-GAIN).
This dataset includes risk and readiness scores for extreme climate events (e.g., cold, heat, flood, drought,
and sea-level rise) for over 270 U.S. cities, as well as the probability of a climate-related disaster occurring
in 2040.
We looked at the 100 most populated cities reported in the dataset and developed a ranking system to
identify which cities will be most affected by climate change. We then created an impact metric to look at
how each city will be impacted by specific climate change-related disasters.
Key Findings
· The cities that are most vulnerable to climate change hazards are also the least prepared for them
· Coastal cities have higher risk scores relative to inland cities, meaning they are more vulnerable to
climate change-related hazards
· Extreme heat is more likely to impact cities in Florida and the Midwest because they're at higher risk of
heat waves and are more vulnerable to relative humidity
· Floods are more likely to impact cities in California and Texas because they are near large river basins
· Eastern and southern coastal cities are more likely to be affected by sea-level rise compared to western
coastal cities
· Somewhat counter-intuitively, extreme cold is more likely to negatively impact cities in warmer states like
Texas and California because they lack the requisite infrastructure
Terminology
Below are the general terminologies used in our study
· Probability of an extreme climate event: For each city, an extreme climate event in 2040 is determined
relative to that city's historical average between 1950-1999. The threshold for an extreme event is set high
by ND-GAIN, making it reasonably difficult to experience such an event.
· Risk: A city's vulnerability to climate change. The risk score incorporates exposure, sensitivity and adaptive
capacity based on the type of hazard.
· Readiness: A city's overall preparedness for a climate-related event. Readiness score is a function of
economic, government, and social readiness and does not change based on the type of hazard (i.e., readiness
score remains the same for each climate event).
We first present results regarding overall risk and readiness scores. We then examine each climate event
separately and provide rankings based on the overall impact climate change will have on major U.S. cities.
City Risk vs. Readiness
Overall risk and readiness scores measure
how well cities perform on all of the
indicators, irrespective of the type of
environmental hazard.
Ideally, we would want to observe a positive
correlation between these measures: If a
city is highly vulnerable, being prepared
would help the city adapt to a climate-related
hazard. Unfortunately, we found a significant
negative correlation of -0.29 between risk
and readiness scores, meaning as risk scores
increased, readiness scores decreased.
In other words, the cities that are most
vulnerable are also the ones that will be
the least prepared for a climate-related disaster.
We identified cities with the biggest difference between risk rating and readiness: This metric helps us
identify which cities are more vulnerable and less ready to adapt to climate-related events. When we
rank the cities based on difference scores, Santa Ana again ranked as the top, followed by Hialeah,
Anaheim, Miami, and Newark.
We also compared coastal cities and inland cities in terms of their risk and readiness scores. On average,
coastal cities have statistically higher risk scores (49.4) than inland cities (40), meaning that coastal cities
are more vulnerable to climate change. However, coastal and inland cities did not differ in their
readiness scores.
This means coastal cities are more vulnerable and sensitive to climate change-related events than inland
cities, but they show similar levels of preparedness.
Note: High risk does not mean that a climate change event will happen in these cities; rather, these results
suggest that if any of them experience an extreme climate event, they will likely be impacted worse than
others. To measure the overall impact of climate change, we incorporated ND-GAIN's probability metric
to assess the likelihood of a climate disaster occurring.
Defining Our “High-Impact” Metric
For each extreme climate event, we developed a Climate Change Impact Metric to rank cities (i.e., “highest impact”).
We first ranked the 100 most populated cities on the three previously introduced metrics: probability of the
extreme event, risk, and readiness. We then weighted the “probability of the extreme event” .6 and “risk score”
and “readiness score” .2 each and added those measures together to calculate our Climate Change Impact Metric.
The probability of the extreme event is weighted more because we wanted to prioritize the possibility of the hazard
occurring in a particular location. Vulnerability to and preparedness for disasters are important metrics, but the
probability of an extreme event should take precedence when assessing the overall impact of climate change to
a particular city.
Higher scores on this metric indicate higher impact (e.g., a score of 100 would mean the highest ranking on
probability, the highest ranking on risk, the lowest raking on readiness).
Here are the results, where a higher score indicates the greater impact of a particular hazardous weather event
on a city.
395 BRIDGE.!!
The new traffic headache coming to the beach.
WE FINALLY DID IT!
A look at the new convention center hotel.
What's next for NoBe?
Matis Cohen talks about the future of NoBe.
Landmark turns 50.
Byron Carlyle is turning 50, and we love it!!
Art Basel is staying on the beach.
5 more years and millions for the beach.
North Beach face lift is coming.
North Beach life will soon get much nicer.
SLS getting Eco-friendly
Read what the SLS south beach is doing to become eco-friendly.
An artful library both in its content and its design
Oceana Bal Harbour, the 240-unit artful luxury condominium tower in Miami, with homes priced from $3 to $30 million, has an museum-worthy art program and boasts a jaw dropping art library designed by revered Mexican-born artist Jorge Mendez Blake, where he also exhibits his mastery works. The library’s intimate book collection was specially-selected by Blake for the residents of Oceana Bal Harbour around poetry, literature and art
Miami Beach Convention Center & Hotel
It's the new project that will bring more conventions and controversy
to Miami Beach. Voters said "No" the first time around for the Miami Beach Convention center hotel, what will happened on the second vote is unknown. What we do know is that another developer is going to get richer and Miami Beach is going to get more traffic, its a fact. You cant expect to build a hotel on a street thats already known to have horrible traffic and not build controversy. Is it worth dealing with more traffic to bring more conventions to Miami Beach and increase revenue for the city?, we think it is. Every major city has an amazing state of the art convention center, look at Orlando and Las Vegas, Orlando has one of the most beautiful Convention center in the US, if we can steal some of the Orlando conventions and bring them to Miami Beach, I say Lets Do It. Yes, people are benefiting from this project(shocker) but hey, that's life in Miami Beach.
North Beach Terrace Project
It's coming to North Beach, the new project by Claro Group.
Project got the green light at Junes commission meeting, with a big support by some commissioners and the mayor. Let's see how it goes with the Preservation group. Those rat infected, condemned buildings on Ocean Terrace in North Beach will be a headache of the past, the new project by Claro Group will give North Beach the facelift it deserves. Call it begging, pleaing, making friends with the right people or smiling and shaking hands as much as possible, Sandor Scher and his people pulled it off.
Read full article in November issue
Before
After
After
Read full article in November issue
The World’s FIRST residential Art Studio
An evolution of turning fine art from a novelty to a home necessity: In conceptualizing the world’s first residential art studio at The Ritz-Carlton Residences, Miami Beach, Tatiana Blanco, an international multi-media artist and sculptor, worked with celebrated Italian architect Piero Lissoni to design the one-of-a-kind space where residents can unwind through sculpture, painting, ceramics, beadwork, structured art classes and more. The art studio encourages residents to utilize the space as a retreat to explore creativity, personal wellness and nurture the mind – proving that art can be as therapeutic (and accessible) as a fitness center workout or a relaxing afternoon at the residence pool.
Best Pools on the beach.
Checkout some of the best pools in town, ready for Spring..
