PMG and Greybrook Realty Partners have locked down a $161.5 million construction loan for the development of 400 Biscayne. The financing was provided by Centennial Bank and Square Mile Capital, the same group that provided the loan for PMG’s neighboring and completed project X Miami.
OKO Group, the US-based development company founded by international real estate and hotel magnate Vladislav Doronin, and Cain International, a privately held real estate investment firm, have revealed plans for 830 Brickell, the first new office tower to launch in Miami in nearly a decade.
Global design and engineering firm Stantec has completed the interior design of the new 43-story residential tower, Muze at Met in downtown Miami. Developed by ZOM Living and managed by ZRS Management, the 391-unit luxury high-rise is part of the Metropolitan Miami mixed-use complex located at 340 SE 3rd Street.
A 24-story Brickell hotel project being developed by Robert Finvarb, which will feature both an AC Hotel By Marriott and the Element By Westin, has received its construction permits and financing. The development, which was designed by Arquitectonica, will feature a 264 key hotel component split between the 2 brands, 23,000 SF of retail, a rooftop lounge and 60 parking spaces.
Lionheart Capital, a Miami-based real estate development firm, has reached the home stretch of construction after receiving TCO approval for The Ritz-Carlton Residences, Miami Beach. Since launching sales, the project has become the largest residential adaptive reuse project in South Florida, the first full-scale architectural project in the U.S. by master Italian architect, Piero Lissoni.
The Miami Dolphins have broken ground on their new, best in class training complex that will be located in one of the former parking lots at Hard Rock Stadium. The project is expected to cost $135 million to build. The 217,200 SF facility will feature multiple outdoor fields, a 92,200 SF indoor field, state-of-the-art weight room…
Kushner Companies has applied for a construction permit as they gear up to move ahead with the development of their 2000 Biscayne site in Edgewater, the first site they plan to develop as part of their $550 million, 3-phase project.
PARAMOUNT Miami Worldcenter has received its TCO as the $500 million, 60-story tower is powering towards completion with closings expected to commence in the coming weeks. The residential tower features 569-units which start at $885,000.
ROVR Development, led by Oscar Rodriguez and Ricardo Vadia, is gearing up to break ground on Grand Station Tower at 40 NW 3rd Street in Downtown Miami after first applying for construction permits in March 2018. Grand Station will rise 31-stories, 322’, and will feature 300 apartment residences and 5,000 SF of retail.
The time Miami has been waiting for has arrived. Developers Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger, have announced that One Thousand Museum Residences by Zaha Hadid Architects has obtained its temporary certificate of occupancy (TCO) indicating the building is now ready for occupancy and closings can commence immediately.
Grove Bay Investment Group LLC. has submitted plans to the city for the redevelopment and restoration of Coconut Grove’s historic Pan Am Airways base. Construction on the project is already underway on the parking garage portion of the development.
Construction at Aston Martin Residences is about to shift into the next gear as G&G Business Developments and Coastal Construction are set for a massive concrete pour. The 30-hour pour will require more than 1,400 concrete trucks as construction teams will pour the foundation for the highly-anticipated Aston Martin Residences in Downtown Miami.
The Aventura-based Rieber Developments has announced that they have closed on a $36 million construction loan for Ivory 214. The loan was provided by the Miami-based BridgeInvest and was formally granted to the property’s development LLC, Shalev Development Group.
Turkish developer Okan Group has released the first interior renderings of the Behar Font & Partners-designed Okan Tower in Downtown Miami. The tower is expected to break ground later this year and will rise 70-stories when complete, over 890’.
Edgewater’s newest luxury high-rise to grace the Miami skyline is reaching new heights. Vertical construction of Two Roads Development’s Elysee condominium, a 57-story waterfront glass tower designed by Arquitectonica rising along Biscayne Bay in Downtown Miami’s Edgewater neighborhood, has surpassed the halfway mark.
Publix has received a construction permit to begin work on their newest supermarket location at Three MiamiCentral, just one block from MiamiCentral Station. Publix will buildout their 27,935 SF location in the ground floor retail space of the recently completed building which also features 90,000 SF of Class A office space and parking.
Miami-based Coral Rock Development Group and Arena Capital Holdings have broken ground on Pura Vida Hialeah, a nine-acre mixed-use project set to be the first of its kind in Hialeah in more than 20 years. When complete, the project will transform the area’s aging retail and residential offerings with the first new sleek contemporary designed vertical towers.
13th Floor Investments and Adler Group have broken ground on one of Miami’s most anticipated transit oriented development, Link at Douglas. The development team is beginning site work this month and vertical construction of the development’s first phase is expected to begin this summer (2019).
Following the announcement that Four Seasons Hotel and Private Residences Fort Lauderdale is more than 50% sold, Miami-based development company Fort Partners celebrated the success and progress of the luxury development at an exclusive luncheon announcing their selection of Florida-based construction company Coastal Construction as the general contractor for the project.
CIM Group and One Real Estate Investments has locked down construction financing for Wynwood Square as the project gears up to break ground. The loan is for $71.2 million and was provided by Sumitomo Mitsui Banking Corporation.
Luma at Miami Worldcenter has locked down a $143 million construction loan as the developers gear up to break ground on the 43-story tower. The loan was provided by Moinian Capital Partners with a 60% equity piece valued at $23.7 million.
Multiplan Real Estate Asset Management has broken ground on 57 Ocean, an ultra-high-end, 18-story boutique condominium on Millionaire’s Row in Miami Beach. Designed by Bernardo Fort-Brescia of Arquitectonica with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean is already being singled-out by high-end buyers worldwide.
13th Floor Investments and Adler Group have announced that the firms have completed construction of Motion at Dadeland, a transit-oriented, 294-unit luxury rental community that is adjacent to the Dadeland North Metrorail Station in South Miami, FL.
New renderings have been revealed of Plaza Coral Gables, the largest project to ever be built in Coral Gables, valued at over $600 million. Construction on the project, which was formerly proposed as Mediterranean Village by developer Ralph Sanchez, is currently underway after Phase 1 broke ground in Summer 2018.
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.