Category Archives: Developers

Developers are profiled

Hines Once Dominated the Miami Skyline

Houston-based Hines has developed world class projects in twelve countries and four continents. The firm’s project portfolio boggles the mind in its use and design versatility. For 19 years two buildings dominated the Miami skyline. Both were built by Hines:

Images: Wachovia Tower (left) and Bank of America Tower (right)

  1. The Wachovia Tower (764 ft. in height), formerly the Southeast Bank Center and the First Union building.
  2. The Bank of America Tower (625 ft. in height), formerly the Centrust tower.

These two buildings were the lone icons in the Miami skyline for so long that it seemed that no others would ever eclipse them. In 2003, NY-based Millenium Partners MDA, finally did it with the Four Seasons Brickell.

Hines has built other less notable developments locally and has decreased Miami development activity. Still, the Wachovia and BOA Towers stand as leviathans in the skyline. They remain the most photographed buildings in Downtown. The Wachovia and BOA towers are synonymous with Miami, and ironically, the city owes a Houston-based firm for that.

Here is a directory of Hines developments all over the world

Hines in the news:

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Craig Robbins (Dacra): Revolutionary Development

Native Miamian developer Craig Robbins has been around the block. In South Beach, the influence of his development firm, Dacra, bounces all over the place. While Jorge Perez slams his influence down at the southern tip of the island, Dacra has brought life to the heart of the island community. Dacra is attributed with having ignited the spark of Lincoln Road at a time when the funky strip was underground and unstable. Today, bustling Lincoln Road is the main East/West economic artery in South Beach. The north side of Espanola Way is another major trace that Dacra has imprinted upon South Beach.

Image: Depiction of Lincoln Road in the late 1950’s

In South Beach Dacra’s projects and renovations include:

  • Lincoln Lane
  • 741 Lincoln Road
  • 600 Lincoln Road
  • The Marlin Hotel
  • The Netherland Hotel
  • Miralda Facade (Washington Avenue)
  • North side of Espanola Way

From Dacra’s pioneering efforts in South Beach, the firm moved to create a modern urban island community on Allison Island: Aqua. The Aqua development is revolutionary in that it is contained within and has transformed an entire island in Miami Beach. The project spans 8.5 acres, involves 10 renown architects, and 46 island homes. Aqua is a clear manifestation of the firm’s boundless ambition and vision for Miami.

Holding true to Craig Robbins’ forward-thinking Modus Operandi, he has set his sights on the next frontier of Miami’s emerging urbanism, the Design District. The 18 block district is situated at the north edge of the urban core. There, again, historic structures are at the center of his development activities. Many of the District’s buildings were erected in the 1920’s and 30’s and were neglected for decades. Since Robbins has applied his attention to the area, it has become a center of gravity for Miami’s deepening cultural scene. Dacra has lured 50 showrooms and 40 design and architecture firms. Recently, the firm announced a $220 million expansion of the district. The plans include groundbreaking designs for numerous buildings throughout the neighborhood.

Images: Allison Island in the 1920’s (top) and Aqua on Allison Island today (bottom)

In the same way Craig Robbins’ activities propelled South Beach into its current glamorous position, his rumblings in the northern periphery of the core are stretching Miami’s urban boundaries to areas once thought off limits. Dacra is less a development firm and more a revolutionary urbanization movement. Craig Robbins stands at the head of this surge, and as is the case with all legendary developers, his imprint will alter the cityscape for generations to come.

Image: Aqua at night

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Extell Development Near Completion on First Miami Project

New York-based Extell Development has a broad and impressive portfolio of office, residential, and hotel towers mostly in Manhattan and Boston. Their latest venture represents their first foray into the Miami market: Avenue Brickell.

Avenue has gone up rapidly, with no negative publicity, and the project, despite it being light on glass and heavy on concrete, is looking sweet.

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Related International

Jorge Perez of the Related Group is a giant in Florida. In Tampa, his firm is being relied on to complete the Trump Tower, which ironically Trump pulled out of. In Palm Beach he’s building another Trump-brand tower. He has major projects in Georgia and elsewhere in the U.S., but now, his firm plans to aggressively transcend the U.S. market with Related International.

Related International is planning projects in Mexico, Costa Rica, Panama, Colombia, Argentina, and Uruguay. In Mexico, Related already has $1 billion worth of development in the pipeline. Mr. Perez’s expansion is that of Miami’s as well. His techniques and resources were formed, for the most part, in the Magic City, and his foray into international markets is Miami’s as well.

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Hong Kong in Miami (Swire Properties Ltd.)

What do Hong Kong and Miami have in common? Well, for one, they are nearly on the same latitude. The city’s both deal with massive tropical storms, except call them by different names (hurricane and typhoons). Both metropolises are a hub for hundreds of multinational corporations, but Hong Kong is still leaps and bounds ahead of Miami. Aside from these basic similarities, the Magic City has a little bit of Hong Kong in it: Swire Properties Ltd. This international conglomerate is a big part of Hong Kong’s vertical evolution. The firm is one of the largest developers in the Chinese island-metropolis. They are the builders of Taikoo Shing, a 61 tower development. Swire also developed the monolithic multi-phase Pacific Place project, which includes four towers with three hotels (Shangri-La Hotel, Conrad Hotel, and J.W. Marriot – all with a presence in Miami: SLH in Island Gardens). Pacific Place also includes a high end shopping mall. Also in Hong Kong, the firm is the master mind behind the highly successful City Plaza project.

Their Far East projects are not confined to Hong Kong. They are building Taikoo Hui Cultural Plaza in Guangzhou (formerly Canton), north of Hong Kong. The impressively designed three tower project looks more like a new United Nations than a cultural plaza. The three towers are connected by a major hub in the center that includes a convention center, shopping mall, commercial spaces, along with a major transit interchange. The building’s main lobby is a massive glass-encased cube. Swire has built and is building dozens more major projects in Hong Kong and throughout the region.

  • Image Source: Emporis – Taikoo Hui Cultural Plaza in Guangzhou

The multi-faceted international conglomerate has the ability to build more than just “big”. Now, consider their involvement in Miami’s urban market. Swire has all but claimed Brickell Key (Claughton Island) as their own Miami outpost. As of late, Swire is responsible for all three Tequesta towers, the Courts, Courvoisier Courts, the Mandarin Oriental, the Carbonell, and their latest development, Asia (pun intended). As a result, Brickell Key has evolved into a highly unique urban island community. Swire Properties has played the role of catalyst.

What is amazing about Swire is that their projects go vertical consistently, quickly, with minimal buzz, and the result is always an excellent development. Strikingly, since the 1970’s, Swire has focused its North American real estate activity solely on Miami. From their site:

Swire Properties Inc., the USA real estate operation of Swire Pacific, has been active in the development of investment and trading properties in Florida since the 1970s. Its primary focus is on Brickell Key in downtown Miami, where a number of commercial and residential properties have been developed.

Could there be something in Miami that reminds Swire of Hong Kong? There is, and you can rest assured that it isn’t the weather. Miami’s abuzz with economic activity and Swire’s latest Miami developments have been their most ambitious to date. The Far East firm has a proven track record of success on Brickell Key. Its efforts have largely remained within the quaint man made island, but there have been mini-forays into other nearby markets: South Beach’s Floridian and Jade Brickell. A mini-foray however is nothing compared to what this quiet giant could really accomplish.

Swire’s activity on Brickell Key could be a microcosm of what might happen in mainland Miami should the firm delve heavily into it. Let’s just say that Swire is running out of space on Brickell Key, and the mainland looms temptingly close. Should Swire move more aggressively into the Miami urban market, there will be no doubt of its ability to execute and in grand style. The resulting development could bring Miami closer to Hong Kong than previously thought.

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Developer Profile: Jacobo Cababie (CABI Corp.)

Jacobo Cababie is originally from Mexico City. His family founded GICSA–Mexico’s largest development firm. According to the Sun Post, he came to Miami in 2000 and started CABI Corp. Development. Cababie is a relative newcomer in the Miami development scene but has made some serious strides with high-quality projects in Aventura and Sunny Isles. His Turnberry projects have done quite well and cemented his reputation as a quality oriented builder. Since Cababie’s presence in Miami is an extension of his Mexico City/GICSA roots, it is important to briefly consider what GICSA has done in Mexico City and how his CABI Miami developments differ and/or compare.

GICSA’s Mexico City projects are not nearly as tall as CABI’s Miami projects. The tallest, according to Emporis, is Torre Reforma El Angel at 31 floors (430ft.) and the other GICSA towers are on average about 20 floors. The Mexico City projects are still modern looking with plenty of glass–a pattern one sees with CABI’s Turnberry projects. Still, when looking at the Mexico GICSA projects, there are little comparisons to draw. It seems that other than delving into Miami’s real estate market for profit, Mr. Cababie has also come into Miami to take his projects to impressive new heights.

CABI’s Miami developments are all two phase projects. The twin tower Turnberry Ocean Colony project (37 floors), although impressive in scope and luxury is not exactly eye catching in its design. The project blends in well with the surrounding landscape, has plenty of glass, and two stand out crowns, but again, there is no real attention grabbing architectural feature. The 22 floor Parc at Turnberry twin tower project is smaller in scale but retains a similar design to its Ocean Colony counterpart. CABI’s Turnberry Village project is a sprawling and attractive development but certainly not impressive in its design nor height. Still, these projects set the bar high for Mr. Cababie in Miami. He founded his local reputation off of them and they have provided a solid foundation for more expansive and high profile developments in and around Downtown Miami.

In the CBD, CABI Corp. finally put forward a serious, massive, well-designed high twin tower high rise development with Everglades on the Bay. The Fullerton-Diaz designed Everglades on the Bay towers are cosmopolitan looking and vibrant. The location of the project is superb and iconic. EOB will become an integral part of Miami’s skyline because of it. EOB has set a new and exciting precedent for CABI in Downtown Miami. The projects height exceeds all of GICSA’s Mexico developments. The lower base level of the project will have a large retail component that will contribute much needed new retail space to the CBD.

Still, as exciting as the EOB project is, it pales in comparison to CABI’s latest development; The Capital at Brickell. This refreshingly designed Chrysler Building-like twin tower development come from the drawing boards of Fullerton-Diaz. It seems Cababie was impressed with their Everglades on the Bay work. The Capital towers will be Cababie’s tallest to date at 56 and 52 floors (649ft & 607ft respectively). It is apparent that Jacobo Cababies developments are becoming increasingly tall and striking. His acquisitions have been varied from Aventura and Sunny Isles to the CBD and Brickell Village interior. Importantly, his profound reputation in Mexico City has probably carried with it a piece of the country’s market share. He has claimed that Miami is indeed quite the popular place in Mexico City. There is no doubt that CABI has sold significant bundles of units to Mexican buyers. His efforts not only beautify the skyline but enrich the city’s cultural fold with his foreign, mostly Mexican buyers. This is not to say that his buyers are exclusively Mexican, but given his success there, buyers are likely to follow him here. His reputation, at this point, has broad appeal. There will be much more to report of Jacobo Cababie’s Miami development activities in the near future.

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Developer Profile: Jorge Perez (the Related Group)

Jorge Perez is the quintessential hotshot developer. He’s not just educated in Urban Planning and Development, but in fact, graduated Suma Cum Laude and attained his Masters degree in the discipline. It should be rather clear to most that Mr. Perez is the foremost developer in Florida and arguably one of the most preeminent in the country. According to the Related Group’s official website, his firm is the largest Hispanic-owned business in the United States with a current portfolio of over $10.7 billion. The Jorge Perez effect, which has so drastically altered the Sunny Isles, South Beach, and Miami cityscape, was first set into motion in the late 1970’s with affordable housing projects throughout the county.

He was born in Argentina to Cuban exile parents. His family subsequently moved to Colombia—where they had successful business interests. His ambitions led him to C.W. Post College and then the University of Michigan at Ann Arbor. In this case, it seems clear that his studious efforts proved extremely useful in helping him maneuver in a tightly contested and pressure-ridden field. His track record indicates a steady increase in quality and project scopes—from affordable housing to redefining luxury multi-family housing.

In considering his high profile projects, it is impossible to dismiss certain claims that are made about the man. Some consider him to be the “Trump of the Tropics”, the “Bill Gates” or “Steven Spielberg of Development”. What’s next for this exceptional developer? The “Messiah of luxury housing”? Whatever title he is given by observers, admirers, and in some cases, critics, his portfolio speaks volumes. The man’s actions have redefined South Florida, one neighborhood at a time. When all is said and done (whenever that may be) all will look back on Miami’s developmental history and view Jorge Perez, in a similar light to developer legends such as John Collins, Carl Fisher, George Merrick, and Glenn Curtiss.

Jorge Perez fostered and facilitated the building boom in Sunny Isles with his Ocean’s I, II, III, and IV projects. Still, he is redefining the small yet filthy rich municipality. There are those nostalgic buffs who may consider his Sunny Isles projects to have been historically corrosive—having diminished the charming and affordable seaside family vacation town. Objectively speaking, there is some element of truth to this, since Mr. Perez certainly did not help preserve the older quaint Sunny Isles, but as is expected with such a visionary, Mr. Perez’ attention is fixed on the future. As of late, he has endeavored to partner up with the Dezers in Sunny Isles with the three-phase Trump Towers project—a sign of the classic “if you can’t beat em’ join em’” cliché.

Similarly, Jorge transformed South Point or Portofino or South of Fifth or SoFi or whatever the heck you choose to call the relatively small neighborhood south of Fifth Street in South Beach. His Portofino Tower, Murano, Murano Grande, Icon, Yacht Club, and Apogee developments have all but monopolized the area’s identity. In other words, his building designs and amenities have drawn a specific type of buyer—a certain affluent and typically wealthy one. These buyers have become the fabric of the neighborhood’s demography; helping turn what was once a backwater into one of the more exlcusive and valuable neighborhoods in the city. His SoFi buildings have become the skyline for the area. And all of it boils back down to Jorge himself; his intentions, his planning, and his ability to execute his developments. One man’s actions can define a city or at least a neighborhood as in the case of Sunny Isles and South Point. Importantly, Jorge Perez has been intuitive enough to take full advantage of a neighborhood’s potential by building big, in bundles, and with architectural consistency. Most of his South Point developments have been designed by Sieger Suarez. The reasoning behind this could be as simple as their designs sell, or it could be that through an urban development standpoint it fostered uniformity without them seeming to be replications of one another (for that, Sieger Suarez gets credit). If he hired a different firm for each building in the same neighborhood then the result might be a messy mélange of buildings, the result of which would hinder the neighborhood’s aesthetic identity. On the other hand, there are those that would disagree with the aforementioned notion claiming that such exclusive architectural involvement would create a homogeneous urbanism.

Importantly, and most excitingly, his latest efforts have been focused on the urban core of Miami. This is where Mr. Perez’ true legacy may be defined. After all, the entire metropolitan area revolves in orbit around the urban core. Through an urban development standpoint, the CBD or urban core is the most important area to develop in. In consideration of Miami’s emerging status as a truly urbanized city, Jorge’s major downtown efforts are of immense importance. In fact, his downtown projects are his most ambitious to date. Interestingly, these projects have been confined to Brickell Village and the CBD. He has not ventured north of the I-395 into Uptown. In fact, he has not even ventured into Parkwest. In Brickell, he has three massive multi-phase projects: 500 Brickell, Icon Brickell, and the Plaza. In the CBD, he has his Loft I, II, and III developments along with the two phase One Miami development. It is worthy to note that although there is a significant amount of new development in the CBD, One Miami and the Loft I were among the first to be topped off. That can only mean one thing: Jorge Perez had his eye on the ball first. 50 Biscayne will soon follow suit as the building is almost topped off.

It will be exciting to see how he will differentiate his urban core projects from his nearby competitors. Unlike South Point, where he had almost no competition, and Sunny Isles, where the beachfront town rested on the fringes of the urban sphere of influence, downtown is saturated with new development and much of it is being built by billionaire developers with massive ambitions and capital resources. The reality is, however, that Miami and the surrounding areas are Jorge’s turf and has been for quite some time. He has helped define it and will have a competitive edge because of this fact. His operation is entrenched, his connections are vast, and his reputation is paramount. His name will be appreciated and considered revered by posterity. He is known for his innovative partnerships, for example, his joint ventures with Phillipe Starck for Icon South Beach and Viceroy in Icon Brickell. And now, he is venturing to develop in NYC, Las Vegas, and Atlanta, among other places. His reach is no longer limited to Miami’s sub-tropical sphere, but Miami is still his nursery, and will be the recipient of his greatest projects.

Post Script: Mr. Perez has been the recipient of numerous awards. According to the Related Website: “Builder of the Year, from Multifamily Executive; Ernst & Young’s Entrepreneur of the Year; the Hispanic Achievement & Business Entrepreneurship Award from Hispanic Magazine; Champion of the Community Spirit Award from The Wellness Community; Citizen of the Year from The Miami Beach Chamber of Commerce; Sand In My Shoes Award from the Greater Miami Chamber of Commerce for his commitment to the South Florida community, and Developer of the Year from several other associations and publications. Most recently, Mr. Pérez was awarded the Icon in Real Estate Award of Excellence at MIPIM in Cannes, France; the only American developer ever to have been honored with such a prestigious award.” He is married and has four children

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Developer Profile: Tibor Hollo

Hungarian-born Tibor Hollo, who arrived to this country in NYC in 1948, is the builder of the first high rise in Brickell, pioneered high density development in the Omni/Venetia area, and is developing what Florida East Coast Realty—his company—considers to be the last great waterfront parcel in Brickell Village. His life is one of adversity and triumph. He studied architecture in France during a time where Europe was on the verge of a conflagration of hate and war. His mother was a Holocaust victim. From these circumstances, Mr. Hollo learned his lessons and developed his business acumen. Mr. Hollo’s legacy is one of setting the stage for future development. In many respects, he has laid the groundwork by which other developers have been able to capitalize. Were it not for Mr. Hollo’s Omni/Venetia efforts, it would be questionable whether the area be seeing its current surge of activity. At this point, he has been developing in Miami for over a half century.

For a long time, the Omni/Venetia area was considered a neighborhood that had not lived up to its potential. As a mall, the Omni failed and the Grand didn’t become the flagship hotel Mr. Hollo had originally intended. The Venetia, in the south fringe of the area, has one of the most prime lots in the city, but for years remained in obscurity. At one point in the 1990’s Mr. Hollo began to lose some of his properties and had to resort to seeking assistance in order to keep his company afloat. Today, with the development of the AAA and the PAC, the entire area has exploded with activity and Mr. Hollo’s vision for the neighborhood north of the I-395 is coming to fruition. Mr. Hollo, however, is not surprised. This was what he envisioned for the area when he began development there over twenty years ago.

His latest developments, Opera Tower and Villa Magna, mark his tallest buildings to date. His major acquisitions have been, for the most part, confined to within the City of Miami proper, although he has done work in Broward and North Miami. The designs of his buildings have, for the most part, been simple. They have basic rectangular shapes like Bay Parc, The Grand, Venetia, and now Villa Magna. Opera Tower has broken the mold with its curvilinear shape. Much of his architectural work has been contracted to the Corradino Group Architects, although  he has worked with NBWW architects as well. Still, much like Mr. Colombo with RVL, Mr. Hollo has remained loyal to CGA.

Tibor Hollo is a pillar in the Miami development scene. When buying a property, there aren’t too many developers one can feel certain is going to get the job done right. Mr. Hollo is one of them. He will go down in Miami history as being one of the city’s most influential developers along with names like Collins, Fisher, Merrick, and Curtis. His efforts have not just been contributory; rather they have been unprecedented resulting in major activity from other developers. Mr. Hollo envisioned a future for Miami, built over 3 billion dollars worth of development, and is now seeing his vision be realized.Currently, his firm has plans to build a 1000 footer (One Bayfront). If he succeeds in doing so, it could be the first ‘supertall’ to ever grace our tropical skyline. Much is owed to Mr. Hollo, and it is pleasing to see that his work is not yet finished. He is grooming his two sons to take over his well established company, Florida East Coast. His vision will be transferred to them and his efforts, long from now, will continue through their work–as Miami becomes the 24 hour city that he had been envisioning since the 1960’s and did so much to help develop.

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Developer Profile: Lev Leviev

Tel-Aviv-based Lev Leviev is a man of Jewish decent who was born in the former Soviet satellite of Uzbekistan. He also happens to be an international diamond magnate. In Miami, we don’t know much about him, but now we will. He competes directly with the De Beers diamond cartel—pretty serious. Now you know why he named two of his towers after a diamond shape (Marquis and Marquis West) and alludes to the diamond in his building’s marketing campaign. He is considered to be one of the 500 wealthiest people on Earth. Starting his career as an apprentice in a diamond polishing factory, he ended up owning one, and then started buying diamond mines. There is a growing presence of Russian-speaking Jewish immigrants in Miami. It is quite evident in the Jewelry District in the CBD where they not only own large jewelry wholesale facilities, but also several buildings. For example, the Aminovs, who own 22 NE 1st Street, otherwise known as the International Jewelry Center, which is right next to the Seybold Building. Other families, like the Haimovs and the Rubihovs also have a strong real estate and business presence in the area. What does this have to do with Lev Leviev? He is a legend among the Russian-speaking Jewish community. He has served as the President of the Federation of Jewish Communities of the CIS (FJC), the central organization that represents the fifteen organized Jewish communities of the fifteen independent republics that once made up the Soviet Union. So, in turn, he knows what his fellow compatriots are doing. If you work in or around the Jewelry District in the CBD, you may have noticed the growing presence of Russian-speaking Jews. It is no longer the case that Sunny Isles is their primary market of interest. Surely, Mr. Leviev, along with Shaya Boymelgreen’s land acquisition brilliance, has realized that the City of Miami has a growing familiar buyer’s market worthy of his investment. On a side note, I personally know this one guy named Uriel who is here from Tel-Aviv with his older brother. They both run a jewelry shop. These guys are 22 and 28 respectively, yet they run Celebrity Jewelry, Inc. Makes you wonder how they can come to this country, with little knowledge of the language and culture, yet have the capital to sustain an impressive jewelry business. I don’t know how they do it, but they do. Could the arrival of Lev Leviev on the Miami real estate scene indicate a certain level of synchronization between Tel-Aviv based businessmen and the ones already established in Miami, or does it simply reflect a clear acknowledgement by Africa-Israel Investments that Miami as a real estate market could be a gold mine? Probably both. Certainly, Lev and Shaya were not the first filthy rich developers on the scene. These people tend to know what their counterparts are doing. With Donald Trump, Jim Clark, Mehmet Bayraktar, Tom Jermoluk, Glenn Straub, and so may others investing their millions, the ripple effect will continue to spread, and pending the market turnout, will likely bring more of the country and world’s richest to the fold. Still, the presence of a man of the capitalistic magnitude of Lev Leviev and developmental genius of Shaya Boymelgreen, indicates that something truly special is happening in Miami–something we all know. The fact that his firm has purchased 25 parcels of land throughout Miami and the beaches indicates that they will now play a direct long term role in shaping Miami’s future. It also indicates the long-term entrenchment of the Russian-speaking Jewish community in the city, which ultimately will help create jobs, add to the city’s cultural diversity, and further internationalize the real estate market. Most importantly, Mr. Leviev and his partners are planning on building high. The Marquis stands at 679 feet and is situated next to the I-395 which will be repositioned and depressed and the current overpass turned into park land. That means that the Marquis will be across form Museum Park and next to new park space. Not a bad deal, I guess. 1101 Brickell will rise even higher at 849ft. Soleil, although not as tall as the two aforementioned towers, will be impressive nonetheless and stands to spread development west in an area that needs more westward development to become conclusively viable. LevLeviev and his partners have contracted different architects for their projects; presumably to diversify their portfolio and test which one does the best job. In conclusion, there will be a lot to follow up on with respect to Mr. Leviev’s Miami activities. Surely, I will be right there reporting it.

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Developer Profile: Hyperion

Jim Clark is considered by some to be America’s most effective and successful serial entrepreneur. His worth is estimated at 2 billion dollars. He founded Silicon Graphics, Inc., Netscape Communications Corp., and Healtheon Corp. All have been monumentally successful. He has competed with Bill Gates and is considered a legend in the technology sector. Tom Jermoluk is a former executive at SGI and Excite@Home. He is also considered one of the technology sectors most successful businessmen. Paul Murphy is a local South Florida builder with a wide ranging portfolio of over 22,000 units. These three dynamic men are the brains and driving force behind Hyperion Development. Jim and Tom know how to make millions in the digital realm but does that mean that it will translate into success in the development realm? With the guidance of Paul, and collaborators such as Arquitectonica, it is likely. Their projects, like their careers, are groundbreaking. They exemplify towering futuristic giants. Blue’s design is simple and streamlined. Its location is highly visible and has unsurpassable iconic value. Marina Blue’s location although great is not as iconic but the building’s height and standard setting design will surely make up for it. The crucial point here is that these men represent some of the most talented elements of the capitalistic world. They know how to profit. They know where the future lies. They demonstrated that during the tech revolution of the 80’s and 90’s. So does that mean that they feel that Miami’s future is bright? Surely it must. It is nice for the city to have such high profile and respected investors helping form the city’s greatness. Hyperion, like the Related Group and Terra, among others, is interested in branding itself as a high quality developer. They have plans for additional projects and their marketing team has been at the forefront of the Uptown movement. Keep in mind that the notion of their being an Uptown is relatively new by Miami standards. Their team recognizes the changes that the city will undergo and have taken the liberty to provide the neighborhood with an identity that matches the progress. It is not clear what Hyperion’s legacy will be. They have only worked with Arquitectonica in design work. Only two projects have come up. Time will tell how their vision will unfold. They are now members of Miami’s growing billionaire developers club. They are definitely betting on Miami. These guys rarely lose.

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