Sales at Ugo Colombo’s CMC Group’s Brickell Flatiron have reached 87% of its 527 units and the developer has lowered deposits to 30% as it aims to capitalize on recent local and domestic buyer interest and leverage Fannie Mae loans to attract end-users.
57 Ocean, the ultra-high-end oceanfront residential project by Multiplan Real Estate Asset Management on Miami Beach, has revealed new renderings just weeks after opening its state-of-the-art-on-site sales gallery in anticipation of the projects April 4 groundbreaking.
The Shoreline, Solé Mia’s first two residential towers, has revealed a first look at the completed project where move-ins have begun. Jointly designed by Miami-based Arquitectonica and Robert M. Swedroe Architects, the Shoreline consist of two 17-story towers with 397 rental residences with studios, one, two and three-bedroom layouts.
The Fairchild Coconut Grove has topped off with sales surpassing the 75% in one of the hottest neighborhoods in Miami, Coconut Grove. The luxury boutique condo project is being developed by ROVR Development and was designed as a tropical-modern sanctuary by acclaimed local architect Max Strang.
Miami-based real estate development company Metronomic, Inc. has announced an all-female construction team to build the first of its new infill multi-family development designs, La Elaina Apartments in Little Havana. The townhouse-style duplex building will make history by being the first building in Miami built entirely by women.
Construction is rapidly progressing at the Missoni Baia site in Edgewater where the parking garage has reached three quarters of its full height since construction teams completed the sixth floor. The tower first went vertical in September 2018 and broke ground in October 2017.
Monad Terrace, Pritzker Prize-winning architect Jean Nouvel’s first built work in Florida, has officially topped off. Monad Terrace completes Jean Nouvel’s vision for an artfully designed building that responds to the surrounding natural elements.
Bijou Bay Harbor, the luxury boutique condominium developed by Ability by Acierto on Bay Harbor Islands, has topped off at 75’ and is is slated for completion in July 2019. Bijou Bay Harbor broke ground in June 2017 with Coastland Construction as the general contractor for the project.
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.
Ocean Land Investments, led by Jean Francois Roy, has announced that AquaBlu, their new Borges + Associates Architects-designed For Lauderdale condo, is completed and has received its PCO (Partial Certificate of Occupancy). AquaBlu is the largest of the firm’s five Aqua-branded condominiums which include AquaMar, AquaLuna, AquaVita and AquaVue, all of which have also been completed.
Four Seasons Private Residences Fort Lauderdale, the first-ever five-star development in Broward County, has reported that the tower is over 50% sold. Since launching sales last year, Four Seasons Private Residences Fort Lauderdale has attracted buyers from all around the globe with its world-class design, easy connectivity, desirable location, and comprehensive suite of services and amenities.
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.
Construction at Two Roads Development’s Elysee Miami, the 98-unit, 57-story condominium project rising at 788 NE 23rd Street along Biscayne Bay, has reached the 18th floor after breaking ground in December 2017. When completed Elysee will rise 648’ tall and will be one of the tallest condominium towers in Downtown Miami.
Turnberry Ocean Club, currently under construction in Sunny Isles Beach, has revealed new renderings of its ultra-luxe amenities as well as unveiled its new amenity, the in-residence hotel guest suites. Laid out just like a grand hotel suite at Turnberry Isle, residents of Turnberry Ocean Club have access to two complimentary guest suites within the tower that can be reserved in advance.
Closings are now underway at CANVAS, NR Investments’ newly delivered condo in Downtown Miami’s Arts + Entertainment District. The first recorded closing was on January 15 and residents are now moving in. Construction on the 37-story CANVAS began in December 2015 with a February 2016 groundbreaking before topping off in August 2017.
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.
PARAMOUNT Miami Worldcenter has revealed their exclusive collection of four, two-story urban villas, the most unique residences offered at the massive 27-acre complex, which has been compared to New York’s Hudson Yards as one of the country’s most visionary and largest mixed-use developments.
Shahab Karmely’s KAR Properties has locked down a $103 million construction loan for the now under construction 2000 Ocean in Hallandale Beach. The financing is being provided by Apollo Commercial Real Estate Finance, a New York-based real estate investment trust.
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 Estates At Acqualina has completed the foundation pour for the South Tower at the $1.6 billion ultra-luxury condo tower under construction in Sunny Isles Beach. Eddie, Jules and Stephanie Trump along with the broker community, the development’s future residents and local press witnessed one of the biggest residential construction pours in South Florida led by Coastal Construction
The Developers of The Ritz-Carlton Residences, Sunny Isles Beach have celebrated another major milestone as the tower has officially toped off at 52-stories and is slated to be delivered to residents in 2019.
G&G Business Developments has locked down a $200 million construction loan for Aston Martin Residences, now under construction in Downtown Miami. The financing is being funded by Itaú BBA International plc, a London affiliate of the Brazilian bank, and was borrowed by Riverwalk East Development LLC, an affiliate of G&G Business Developments LLC.
Metropica One, the first of eight residential towers to be completed within the Metropica mega-project community, has revealed new renderings of their highly anticipated renderings including the pool, lobby area, gym and private function room. Construction teams topped out the tower at 28-stories in January 2018. Metropica One slated for completion in early 2019.
KAR Properties has officially broken ground on 2000 Ocean in Hallandale Beach, designed by Enrique Norten of TEN Arquitectos. Suffolk Construction is the contractor on the project where sales launched in November 2017 with pricing starting at $2.6 million. 2000 Ocean is expected to be delivered in 2020.
The Trump Group, led by Eddie and Jules Trump, and Coastal Construction have signed an agreement for the construction of the second tower and completion of The Estates at Acqualina, the $1.6 billion residential development in Sunny Isles Beach scheduled to open in late 2020.