Asia Capital Real Estate Management (ACRE) and Global City Development, led by Principals Brian Pearl and Diego Procel, celebrated the groundbreaking of MiMo Bay Apartments, a 236-unit mixed-use waterfront community in Miami’s Upper Eastside.
New renderings have been revealed of the Berenblum Busch Architects-designed proposal for the Puerto Rican Chamber of Commerce, to be located in Wynwood. Located at 2900 NW 5th Ave., the project is being developed by Moishe Mana and will feature 43,466 SF of total development.
Aria Development Group, a New York and Miami-based real estate investment and development company, along with joint venture partner, AQARAT, one of Kuwait's leading real estate companies, has announced that YOTELPAD Miami is now 50% sold just six months after launching sales in June 2018.
Avison Young has acquired Front Street Commercial Real Estate Group, marking their 8th Florida office and 59th office in the United States. Front Street Commercial Real Estate Group is a full-service commercial real estate brokerage and property management company based in Gainesville, Florida.
The Miami-based real estate development company Metronomic, Inc. has broken ground on TriniSuites Calle Ocho, an eight-story off-campus student housing building located at 2500 SW 8th Street in Little Havana. TriniSuites Calle Ocho will offer 30 turn key, fully furnished one- and two-bedroom student housing units ranging from 445 SF to 510 SF.
As the redevelopment of CocoWalk continues, the joint venture behind the project, comprised of Federal Realty Investment Trust (NYSE: FRT), Grass River Property and Comras Company, has announced that it has signed its anchor tenant, co-working company Spaces, to occupy 42,883 SF at the new Class A office building One CocoWalk.
The Miami-based Coral Rock Development Group and Arena Capital Holdings announced the plans for Pura Vida Hialeah , a premier mixed-use project set to be the first kind in Hialeah. Pura Vida, meaning “Pure Life,” is the first major mixed-use development in the area in more than 20 years.
Miami Worldcenter, the 27-acre, $4 billion development in Downtown Miami, is preparing to welcome its first residents after 15 years of land acquisitions, planning and construction. The 444-unit, transit-oriented CAOBA rental tower has received the green light to welcome tenants and with the launch of leasing has become the first building to deliver within the master-planned Miami Worldcenter project.
Leading national developer, The Related Group, and Block Capital Group today announced the top-off of the Wynwood neighborhood’s newest residential project, The Bradley, located at 51 Northwest 26th Street. The Bradley will offer 175 studio-, one-, and two-bedroom units which range from 480 SF to 1,000 SF and over 32,000 SF of commercial space.
The New York-based Seritage Growth Properties has begun construction on the first phase of Esplanade at Aventura, the 215,000 SF ground-up development featuring experiential retail, unique entertainment and fine dining in a luxurious open-air high-street retail setting on the 12.3 acre site of the former Sears store at Aventura Mall.
Property Markets Group, Greybrook Realty Partners and S2 Development have locked down a $33 million pre-construction loan which will be financed by the Miami-based BridgeInvest. The financing will be used to obtain final permits and approvals as well as market the property and launch sales of the residential luxury condominium component.
Kaido, an Asian and Japanese-inspired cocktail lounge, is now open in Miami Design District’s Paradis Plaza. Kiado is a collaboration between Miami-star Chef Brad Kilgore and Mixologist Nico de Soto, where they have transformed the second-floor lounge into an intimate Tokyo-inspired bar with indoor and outdoor terrace lounges overlooking Paradise Plaza.
Avison Young’s Florida Capital Markets Group has negotiated the $33 million sale of a ±71-acre trophy development site on behalf of Florida Power & Light (FPL) at 6525 SW 152 St., positioned at the 67 Ave. and 148 St. intersection, in Miami-Dade County’s Palmetto Bay, Florida.
The Melo Group, one of Miami’s most prolific residential developers who have quickly transformed Downtown Miami and its Arts & Entertainment District, have launched pre-leasing for Art Plaza, a transit oriented, community minded 667-unit apartment complex walking distance from the School Board Metro Mover Station.
APEX Capital Realty, led by Miguel Pinto, has just signed the first two tenants at URBAN 75th STREET, an innovative warehouse complex located at 300-320 NE 75th Street in Little River. PIXIE Market, a Los Angeles-based fashion e-commerce company, signed a 5-year lease for 3,500 SF in the 320 building and plans to move in January 2019.
The Related Group has sold the hotel component of SLS Brickell for $43 million to an entity managed by Francois Faber of Fiduciaire Fernand Faber, who has also signed an agreement with SBE for the continued management of the property.
The Chicago-based Sterling Bay is gearing up to break ground in Wynwood on their Gensler Architects-designed 545Wyn office project. Groundbreaking is set for January 2019. When complete, the development will be the biggest office building to launch in Wynwood rising 10-stories and bringing 298,000 SF of office space along with 26,000 SF of retail to the neighborhood.
Ransom Everglades School has broken ground on their new three-story STEM Center designed by Perkins+Will. The new 45,000 SF building will feature 10 flexible classrooms, fabrication and maker labs, a rooftop outdoor lab, solar technology, a reconfigurable multi-purpose conference and a 200 person auditorium.
The Berkowitz Contemporary Foundation has revealed new plans for their proposed Edgewater location at 2626 Biscayne Blvd., replacing a previous Arquitectonica-design with one by Rene Gonzalez Architects.
Just days after Virgin Trains USA announced it had taken a minority stake in Brightline and presented plans to the Securities and Exchange Commission for permission to conduct an initial public offering of stock, Richard Branson has continued his push into South Florida as Virgin Voyages prepares to launch.
Sean McCormick, whose family has owned 111 SW 3rd St. in Downtown Miami since 1970, has tabbed Jo Palma to design the new 36-story tower that will replace the existing warehouse on the property. Palma was behind the design for Cayan Tower in Dubai which is currently the tallest twisting tower in the world.
New renderings of David Beckham and Jorge Mas' controversial proposal to build one of the biggest private office and retail parks in the U.S. on city owned land, known as Freedom Park, have been revealed.
City National Bank of Florida and UBS have inked deals to lease 142,000 SF of office space valued at $75.1 million at Miami Tower, a 47-story, landmark office skyscraper at 100 SE Second St. in Downtown Miami.
Barry Sternlicht’s Starwood Capital Group has proposed a 6-story office building designed by Gensler on Collins Avenue in Miami Beach. The proposal calls for 136,342 SF of Class A Office Space and 8,088 SF of retail as well as 305 parking spots.
BLVD 57 LP, controlled by 13th Floor Investments, has signed a utilities deal with Miami-Dade for 5700 Biscayne Boulevard, the former site of Boulevard 57. Now called Paseo, the utilities deal will bring water and sewer to the property.
SkyRise Miami, the proposed 1,000’ entertainment and observation tower which is poised to become the tallest tower in Florida, is gearing up to break ground in Q2 2019. The entertainment and observation tower is being designed by Arquitectonica and under development by Berkowitz Development Group
The Miami office of global architecture and design firm Perkins+Will has announced the completion of its new Coral Gables studio, showcasing some of the firm’s best-in-class workplace design strategies, including sustainability, biophilia, health and wellness, and integrated technology.