Commercial Real estate News

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Commercial Real Estate News
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.
Miami- and New York-based real estate developer Baron Property Group (“BPG”) have closed on $206 million in construction financing for Metro Parc North, a new ground-up residential multifamily development in Hialeah, FL.
Allen Morris Company, one of the leading real estate firms in the Southeast U.S., has launched sales at Ziggurat, a mixed-use development that will enhance the heart of Coconut Grove, while ensuring homage to the area’s deep history and heritage.
Construction is progressing swiftly at PMG’s Waldorf Astoria Hotel & Residences Miami, an iconic project poised to redefine the Miami skyline as the city’s first supertall tower. This architectural marvel will stand 100 stories tall and reach heights of 1,049 feet, making it the tallest residential building south of New York City.
Maple Hospitality Group, the visionary team behind acclaimed restaurants Maple & Ash, Eight Bar, Monarch, and Kessaku, has opened the Miami location of its flagship award-winning concept, Maple & Ash, in Downtown Miami’s Miami Worldcenter.
Savanna, a New York-based vertically integrated development firm, has locked down $380 million construction financing for Olara, a residential condo tower in downtown West Palm Beach's on North Flagler along the Intracoastal Waterway.
MIKA by six Michelin-starred chef Michael White has revealed its lavish new interiors by Bishop Design at The Plaza Coral Gables. White's first standalone venture in Miami, in partnership with Alex Pirez and Matt Safchik, MIKA highlights his classic approach to coastal flavors, blending the bounty of Italy, France, and beyond with South Florida’s exceptional seafood and produce.
On February 12, 2025, PROFILEmiami hosted the second annual PROFILE Design Summit Presented by Pedini by Daruso Designs at Flexform Miami. The lush setting of the Flexform furniture showroom in Midtown Miami became a bustling hub and a memorable evening for South Florida's top minds in design and real estate which brought together over 300 industry professionals.
American Landmark Apartments, one of the nation’s top apartment owners and operators, and BH Group, a Miami-based real estate investment firm, celebrated the groundbreaking of The Current at City Center, a 350-unit apartment community located on the site of Southland Mall in the southern Miami-Dade Town of Cutler Bay.
The City of Miami Beach, in partnership with developers Terra, led by David Martin, and GFO Investments, led by Russell Galbut, have broken ground on the colorful pedestrian bridge that will soon welcome millions of visitors who enter Miami Beach along 5 Street.
Aprea, led by Andy Penev, announced today that demolition has begun at the future site of The Avenue, a sprawling mixed-use project planned at the gateway to downtown Naples on prestigious 5th Avenue between 5th and 6th Avenues and 9th and 11th Streets.
NoMad Residences Wynwood, the first-ever residential property for the world-renowned NoMad Hotels brand, is one step closer to redefining Wynwood’s art-driven lifestyle. Envisioned by Related Group and Tricap, the hospitality-infused condominium is now entering the final straight of its development process, with completion slated for late 2025.
Tenants of Miami’s newest office building can begin their workdays commuting by boat, along Biscayne Bay and enjoy spectacular views from the rooftop overlooking the Magic City’s famed sunsets. One Kane, the newest trophy Class A office building to rise in Miami’s Bay Harbor Islands, is offering a series of first-in-market amenities that include reserved dock slips and a boat valet, private office balconies, in office private dining, etc.
Development firm Ytech, led by Yamal Yidios, have received master permit approval for The Residences at 1428 Brickell. This approval marks a significant milestone for Ytech in the greater development of The Residences at 1428 Brickell which has seen strong sales since launching in January 2023.
duPont REGISTRY Group (DRG), the trailblazer in the luxury and exotic automotive ecosystem, has partnered with Fortune International Group, a leader in high-end real estate development that’s created more than 30 stunning buildings, and the iconic Italian design house Pininfarina, with its unique history of designing unforgettable cars.
In the dynamic landscape of luxury real estate and construction, J Angelo’s Design Group is making a notable impact by transforming how properties are visualized, designed, and marketed. Founded in 2021 by two passionate designers, this South Florida-based architectural visualization company brings a fresh and personalized touch to the industry, specializing in 3D renderings for high-end luxury.
David Martin’s development firm Terra and the Meruelo family are moving forward with plans to redevelop the former Deauville Beach Resort site in Miami Beach after receiving a unanimous recommendation from the city’s planning board in yesterday’s meeting.
When it comes to creating transformative real estate projects that combine innovation, luxury, and thoughtful design, real estate developer Alexis Bogomolni of ABH Developer has supplanted himself as one of Miami’s most active developers shaping the future of South Florida living. With 1,500 units currently in the pipeline, from high-end boutique residences like the waterfront AIRE Residences
Focus, a seasoned real estate development and construction firm, and Group Fox, a family-owned property and asset management firm, both headquartered in Chicago, have received administrative site plan approval for their latest project, the 517-unit Brickell Starlite apartment tower. This milestone sets the stage for the development of a 39-story luxury high-rise in the heart of Miami’s Brickell neighborhood.
In a City already renowned for its luxury residential, the Allen Morris Company, one of the most renown real estate firms in the Southeast U.S., has launched the sales of Ponce Park Residences in Coral Gables. Ponce Park Residences is an ultra-luxury mixed-use, one-of-a-kind boutique condominium community featuring 58 two- to five-bedroom residences. Residences will range in size from 1,900 sq ft to 6,500 sq ft for penthouse residences, and will offer oversized 11’ deep balconies.
The highly anticipated 2025 Discover Boating® Miami International Boat Show® is set to return to Miami from February 12 to 16, 2025, bringing the world’s largest collection of boats and marine products to South Florida. As the boating world converges on the Magic City, this iconic event promises to offer both seasoned boating enthusiasts and first-time buyers a glimpse into the latest trends and innovations in the marine industry.
Claridge Homes, a Canadian real estate development firm, has officially launched 3000 Waterside, a luxury waterfront condominium project situated along the Intracoastal Waterway in Fort Lauderdale. After quietly attracting interest during the winter of 2024, the development has already secured $26.75 million in pre-sales, reflecting the demand for high-end waterfront living in the area.
Black Lion Investment Group, led by Robert Rivani, has sold one of their trophy assets in Miami Beach’s highly sought after South of Fifth neighborhood for $28.2 million to Texas-based investor River Oaks Properties, led by its President Adam Frank.