Colombian developer Carlos Ortiz is gearing up to break ground on his planned rental apartment building, Metro Edgewater, which will be located in Edgewater’s Paraiso District. The project recently received FAA approval and is expect to break ground in January 2021 pending the issuance of building permits.
Read More
MG Developer Locks Down $16.5 Million In Equity Financing To Complete Coral Gables Luxury Townhome Projects
MG Developer, led by CEO Alirio Torrealba, has locked down $16.15 million in equity financing to complete two luxury townhome projects in Coral Gables, Biltmore Row and Althea Row. The projects are currently under construction after broking ground in February 2020.
Read More
Terra Group's Proposal To Develop Bjarke Ingels-Designed Tower At 300 Alton Road Denied By Voters
Just days after we reported on Terra Group proposed 385’ Bjarke Ingels-designed tower at 300 Alton Road in Miami Beach’s South of Fifth neighborhood, voters have denied the sale of air rights necessary to develop the project.
Read More
Fontainebleau Miami Beach Reveals New Renderings Of NBWW-Designed Addition
The Fontainebleau Miami Beach has revealed its proposed Nichols Brosch Wurst Wolfe-designed expansion across the street at 4360 Collins Ave, which is currently a surface parking lot. The buildings would be connected via a 90’-long pedestrian sky bridge that would cross West 44th Street.
Read More
Crescent Heights Announces Lease Signed For National Organic Supermarket At Nema In Edgewater
Crescent Heights has announced that a national organic supermarket chain has signed a lease for the ground floor retail space of Nema, which is planned to be developed at 2900 Biscayne Blvd. The name of the grocer chain is yet to be revealed but the location will be its first in the Miami area.
Read More
Check Out The Bjarke Ingels-Designed Tower Terra Group Has Proposed For South of Fifth
Terra Group’s proposal to develop a 385’ Bjarke Ingels-designed tower in Miami Beach’s South of Fifth neighborhood is headed to vote. The tower would rise 30-stories and would feature 60 residential units in addition to 45,000 square feet of commercial space.
Read More
Bell Partners Acquires Boca Raton Multifamily Communities For $94.25 Million
The Greensboro, NC-based Bell Partners has acquired two apartment communities in Boca Raton, The Lumin at Boca Raton and Cade Boca Raton, for $94.25 million. The Lumin at Boca Raton and Cade Boca Raton are located within the Park at Broken Sound, at 5500 Broken Sound Blvd. and 950 NW Broken South Parkway respectively.
Read More
EverWest Real Estate Investors Acquires Hialeah Industrial Property In Off-Market Deal For $13.1 Million
The Denver-based real estate investment firm EverWest Real Estate Investors has acquired an 160,000 square foot industrial property in Hialeah, FL in an off-market deal. The property, which is located at 1101 E. 33rd St., an infill location in the heart of Miami’s Hialeah industrial submarket, was acquired for $13.1 million, or $82 per-square-foot.
Read More
City of North Miami Beach Calls For Revote After Granting Dezer Development Approval To Redevelop The Intracoastal Mall
Just one week after Dezer Development won approval from the North Miami Beach City Commission to redevelop the Intracoastal Mall into a mixed-use project named Uptown Harbour, the Commission has called for a revote without a scheduled date.
Read More
American Landmark Acquires 624-Unit Multifamily Portfolio From RADCO For $100.5 Million
American Landmark has acquired the recently renovated Radius Winter Park and Ashford at Feather Sound communities in Casselberry and Clearwater, FL from the Atlanta-based RADCO Companies. The 624-unit portfolio traded for $100.5 million and the transaction was overseen by CBRE.
Read More