Commercial Real estate News

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Commercial Real Estate News
Ytech has revealed plans for 'Seven Broadway,' a luxurious residential tower set to rise in Miami's vibrant Brickell neighborhood. Designed by the renowned architecture firm Kohn Pedersen Fox (KPF), this ambitious project is slated for a prime location at 75 and 41 Southwest 15th Road.
Fort Lauderdale is witnessing an extraordinary transformation with the launch of the sales gallery for the St. Regis Resort & Residences, Bahia Mar, an ambitious $2 billion development that promises to redefine luxury living in South Florida.
In a groundbreaking collaboration that blends world-class art with luxury real estate, five exclusive works by internationally acclaimed photographer David Yarrow will take center stage at the newly unveiled sales gallery for The Avenue—Naples’ most anticipated mixed-use development.
The St. Regis Bal Harbour Resort has introduced its first dedicated steakhouse, BH Prime, marking a significant addition to the resort’s dining portfolio. The new restaurant replaces the former BH Burger Bar, transforming the space into a refined, dinner-focused venue that caters to both hotel guests and local patrons. With a design rooted in warm wood, leather, and subtle contemporary touches, BH Prime offers a sophisticated yet approachable atmosphere in line with the resort’s Forbes Five-Star and AAA Five Diamond status.
Leading real estate developers Related Group and Merrimac Ventures, alongside hospitality leader Hilton (NYSE: HLT), have closed on $160 million in construction financing from Bank OZK for Waldorf Astoria Residences Pompano Beach (The Residences).
The Melo Group has acquired 2.83 acres of premium land from Swire Properties at 700-799 Brickell Avenue, strategically located next to Brickell City Centre, Miami’s premier shopping and culinary destination.
FAENA Residences Miami is set to launch sales later this month starting at $1.3 million and has revealed new renderings highlighting the ultra-luxury plans for the groundbreaking residential project aimed at redefining riverfront living in the city. FAENA Residences Miami not only marks a significant milestone for the Faena brand but also catalyzes the transformation of the Miami Riverfront.
After nearly two decades of planning and development, Miami Worldcenter is set to host its official Grand Opening this week as the $6 billion, 27-acre mega-development continues Downtown Miami’s transformation into a vibrant, walkable destination where Miami lives, shops, dines, and plays.
Pura Vida Miami, South Florida’s premier all-day cafe and wellness brand, has opened its first flagship location in the heart of the historic Coconut Grove neighborhood. Marking a major milestone for the Miami-born brand, the expansive 6,000-square-foot space at 3000 Grand Avenue is now Pura Vida Miami’s largest outpost yet.
Poised between the cosmopolitan grace of Miami and the natural beauty of the Atlantic, The Ritz-Carlton Key Biscayne, Miami, is embarking on a new chapter. Nearly 25 years since Gencom co-developed the asset, the iconic resort has begun a transformational improvement plan totaling over $100 million, ushering in a new era of coastal luxury.
Celestial Fund, under the leadership of Founder and CEO Eugene Rutenberg, has closed on a $35 million bespoke debt package, structured for the recapitalization and refinancing of an exceptional three-property Spec Home portfolio, developed by Cicardo Development — a premier merchant builder based in South Florida.
Prosper Group and Forte Development have unveiled plans for an ambitious 80-story mixed-use tower designed by ODP Architects at 1040 South Miami Avenue. This striking development, set to rise 945 feet above the skyline, will blend residential, hotel, and retail spaces into a dynamic urban hub.
Rosso Development, Standard International and Midtown Development have revealed a first look at Sushi Garage’s upcoming outpost at the highly anticipated The Standard Residences, Midtown Miami. Created by the acclaimed Juvia Group, founded by Jonas and Alexandra Millán, Sushi Garage brings a modern twist to traditional Japanese cuisine in an elevated, neighborhood-style setting.
Continuum Company, a real estate development firm with offices in NYC and Miami, has closed on a $25 million pre-development loan for the Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida.
National developer PMG has secured $413 million in construction financing for One Twenty Brickell Residences, a dual-tower luxury mixed-use condominium and rental development rising in the heart of Brickell. The loan covers financing for the condominium, multifamily, commercial, and parking components of the property.
National developer PMG and LNDMRK Development are launching Twenty Sixth & 2nd Wynwood Residences, an eight-story, 233-residence luxury condo building that will rise as the first luxury condo residences with deeded office suites partnered with Airbnb.*
PROFILEmiami had the exclusive opportunity to join Isaac Toledano, Founder of BH Group, to learn how he has built his development firm into a thriving enterprise in the highly competitive South Florida market.
Ronny Finvarb’s Finvarb Group has secured a $19 million construction loan for a 12-unit residential mixed-use project at 1790 Alton Road in Miami Beach. The financing, provided by Amerant Bank, will support a five-story building which will also feature two restaurants on the first two floors.
Terra and Turnberry, two of South Florida’s leading real estate development firms, have secured $392 million in construction financing that will help advance the development of Grand Hyatt Miami Beach, an 800-room, 17-story property adjacent to the Miami Beach Convention Center.
Terra and Fortune International Group, two of South Florida’s most active luxury residential development firms, have formed a partnership to acquire the former Silver Sands Beach Resort property in Key Biscayne, Florida for $205 million.
As demand for premium rental housing among the active-adult community grows in South Florida, 13th Floor Homes, the homebuilding division of 13th Floor Investments, has completed its newest build-for-rent community in Delray Beach, Florida.
Chef Raheem Sealey, known for his influential roles at KYU and Drinking Pig, in partnership with Forward Hospitality Group, have successfully opened Shiso—an Asian Smokehouse that uniquely fuses Caribbean influences, Japanese precision, and wood-fired BBQ techniques.
The Miami-Dade County Commission has granted final approval for SG Holdings’ Little River District, a transformative $3 billion, mixed-use development that will redefine the urban landscape of Miami’s underserved Little River and Little Haiti neighborhoods.
Proper Hospitality, Rosso Development and Midtown Development announce the launch of Midtown Park Residences by Proper, a transformative luxury residential tower set within a $2 billion mixed-use development, poised to reimagine nearly 5 acres in the heart of Midtown Miami.
Meet our panelists! On April 10, 2025 PROFILEmiami is set to host our third annual ‘State of the Market’ event exploring Commercial and Residential real estate markets in Miami at the luxurious Modern Stones Showroom in Doral featuring a distinguished group of panelists who are some of the most active developers in South Florida.
National developer PMG, Michael Simkins’ Lion Development Group, and Marc Roberts Companies have secured $215 million in construction financing for 38 West Eleventh Residences Miami, a 44-story, 659-residence condominium in Miami’s Park West neighborhood.
DAMAC International’s initial foray in the U.S., The Delmore, a 12-story, ultra-luxury boutique oceanfront condominium, has reached a new stage of its construction process with the imminent commencement of the deep-soil mixing (DSM) process.
Following its overwhelming success in New York City and Milan, Casa Cipriani, the latest private club experience founded by the four-generation international hospitality family, is expanding its vision to Miami Beach. Casa Cipriani Miami will be developed by Miami-based 13th Floor Investments and New York- based Midtown Equities.
Miami-based real estate development firms Constellation Group, The Boschetti Group and Vietmar have closed on a $42.3 million construction loan for Ella Miami Beach, a 10-story boutique condominium in the heart of Miami’s North Beach neighborhood.
Proper Hotels has revealed a first look at their $100 million renovation of the iconic oceanfront hotel, The Shelborne, on Miami Beach’s iconic Collins Avenue. The Shelborne by Proper is set to open in May, welcoming guests once again to the historic Miami Beach landmark.