Auberge Placed On Hold Until At Least 2018

Related Group is delaying Auberge until at least August 2018, according to The Real Deal.

The developer is offering to extend leases in the building on the site until at least that date, the website is reporting. The deals do not include a development clause allowing for six months notice, meaning the tenants can remain until at least that date.

Construction had been scheduled to begin by the end of 2017.

Update: Related President Carlos Rosso told the Herald that he isn’t sure yet how long it will be delayed

 

 

 

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Anonymous
4 years ago

Its healthy for all the projects already in course….finish them , occupy , and then wait to start new projects in 2 or 3 years…

Anonymous
4 years ago

Slow sales. Finally people are wise to Related.

Anonymous
4 years ago

Hopefully these foriegn investors are finally getting word of the product related puts out and looking elsewhere.

Anonymous
4 years ago

Related is responsible for a majority of the Miami Skyline, you should be happy how much work they create. Miami is becoming a Metropolis because of them and other developers. At the end of the day it is a business.

Anonymous
4 years ago

This is clearly a Related employee writing, bet anything its Mr. Carlos Rosso responding to each comment lol

Anonymous
4 years ago

Be happy with the crap related is throwing up? Are you serious? Related is ruining the Miami skyline with such mediocre bullsh!t.

Anonymous
4 years ago

At the end of the day RELATED is messing up our city skyline because its “business” all they do are cheap buildings. Just like their new SLS Brickell which will look horrible like Brickell Heights and SLS Lux. Crapy finishes and buildings

Anonymous
4 years ago

Pretty smart… We should go into an economic slowdown soon which should correct and lead to the next boom in 2018. It’s healthy and it happens

Anonymous
4 years ago

I hear they will break ground 2018 in the month of Neverrary

La Mala
4 years ago

La cosa esta mala… lol

Anonymous
4 years ago

Good don’t even build that ugly building.

Anonymous
4 years ago

Good move from Related…they bought at a great price and now can rent all the spaces for 2 years and wait patienly with a cashflowing asset.
great positioning.

Anonymous
4 years ago

MDC ..PADRON ..THIS IS WHAT YOU GONA GET FROM JORGE PEREZ …WHAT EVERY ONE GETS ….NAAAAAAADA !! WISE UP OLD MAN ..WISE UP!!

Anonymous
4 years ago

Not surprised – this project won’t happen

Anonymous
4 years ago

Project On hold until next cycle.. everyone knew it.

Anonymous
4 years ago

A kaboom the condo boom is over, luckily rentals are doing well.

Anonymous
4 years ago

Cycle not over. But wouldn’t mind a break from Related.

Anonymous
4 years ago

This is living proof that Related has messed up the project and because of them all projects are suffering. Its nice to see that this project will not happen and they won’t sell a unit.

Anonymous
4 years ago

You’re an idiot…