The Miami-based Related Group, along with partner Alex Karakhanian at LNDMRK, have acquired 18,000 sq. ft. land parcel encompassing three adjoining sites in Miami’s Edgewater neighborhood. Located at 519, 525, and 535 NE 29th Street, the land overlooks Biscayne Bay and provides easy access to MacArthur Bridge, connecting Edgewater to Miami Beach, and to I-195, leading north to Fort Lauderdale and Palm Beach. Related and LNDMRK paid $12 million for the largely undeveloped site.
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Historic "Woodsong" Home In Coconut Grove Designed By Legendary Architect Alfred Browning Parker Sells For $4.2 Million
The famed “Woodsong” home at 3003 Seminole Street in Miami’s hot Coconut Grove neighborhood has sold for $4.2 million. Featuring a stunning tropical modern design, surrounded by lush vegetation and a fresh-water pond, this home is truly one-of-a-kind. The buyer Pamela Day, developer and founder of Crimson Holdings, now owns a one-of-a-kind home that was built, and lived-in, by one of Miami's most iconic architects, Alfred Browning Parker.
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Robert Rivani's Black Lion Investment Group Acquires SLS Brickell Restaurant Space For $10 Million
Black Lion Investment Group, the Miami-based real estate and hospitality developer led by Robert Rivani, has added yet another trophy property with the acquisition of the trophy restaurant space at SLS Brickell for $10,000,000. The restaurant space is approximately 13,500 SF of indoor / outdoor space and was previously Bazaar Mar by Chef Jose Andres which closed in 2019. The sellers were members of the Qatar’s ruling royal Al Thanis family.
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Newly Completed Fort Lauderdale Waterfront Spec Home Sells For Las Olas Isle Record $14.75 Million
South Florida’s residential real estate market is still on the rise and setting records. 6 Pelican Drive, a newly completed waterfront spec home in Fort Lauderdale, just sold for an all-time record-high sales price of $14,752,480 for a home on a canal in the Las Olas Isle Neighborhood. The contemporary home in Seven Isles offers 6 bedrooms and 5 bathrooms spread over 10,350 SF with a rare 120' of Intracoastal waterfront views.
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PORT 32 Marinas Acquires Lighthouse Point Marina
PORT 32 Marinas, LLC has acquired Lighthouse Point Marina, which is situated on the Intracoastal Waterway just minutes from the Hillsboro Inlet. Located at 2831 Marina Circle, Lighthouse Point, FL, the marina is one of the area’s most coveted destinations in the heart of the “Yachting Capital of the World.” PORT 32 is a leading owner, operator, developer, and acquirer of a growing collection of marina assets in nine premier markets across both coasts of Florida.
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Courtesy of Inflight Solutions LLC
The Continuum Company Acquires North Bay Village Development Site For $35 Million
New York based development firm The Continuum Company has closed on the purchase of 1755 Kennedy Causeway, a 1.34-acre site in Miami’s exclusive North Bay Village. Samuel Heskiel, CEO and Co-Founder at Beachfront Realty was the land broker for this deal, which was purchased by the firm for $35,000,000. The firm plans to come to market with their second ever Continuum-branded project in South Florida Q4 of 2023.
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New Construction Palm Island Spec-Mansion Sells For $32 Million Setting Record As Most Expensive Sale Ever On Palm Island
A recently completed tropical modern spec-mansion on Miami Beach’s exclusive Palm Island has sold for a record $32 million, ringing in as the most expensive sale ever on the island. The buyer was represented by David Pullman with The Waterfront Team at ONE Sotheby's International Realty, while the seller was represented by Lourdes Alatriste with Douglas Elliman.
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Rilea Group Acquires Final Parcels To Complete Assemblage for Mohawk Wynwood
Rilea Group has closed on an expansion of its assemblage for its rental project Mohawk at Wynwood for $5.7 million, represented by Alfredo Riascos of Gridline Properties. The seller was represented by Alfonso Jaramillo of Fortune. The purchase brings Mohawk’s site to 78K square feet, which sits adjacent to its short-term luxury rental property, The Rider Wynwood.
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Apocalypse Manufacturing And SoFlo Customs Acquires Pompano Beach Manufacturing Facility for $10.7 Million
South Florida-based Apocalypse Manufacturing and South Florida Custom Jeeps (SoFlo Customs), known for their one-of-a-kind custom-made jeeps led by founder Joseph Ghattas, has closed on a $10.7 million acquisition of a new manufacturing facility to build and fabricate custom trucks. The 41,520-square-foot state-of-the-art facility was developed in late 2022 and is located at 2151 Hammondville Road in Pompano Beach, Florida.
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Residence At The Bristol In West Palm Beach Trades For Record $21 Million, Double Its 2019 Purchase Price
A residence at The Bristol in West Palm Beach has just closed for $21 million, double what it previously traded for in 2019 and the highest price ever paid for a single unit at the coveted residential building. Per public record, Samantha Curry with Douglas Elliman, who has sold close to $400 million at The Bristol, represented the seller. Steve Hall with Compass represented the buyer.
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