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.
G&G Business Developments has announced the sale of the first penthouse property at the Aston Martin Residences in Miami, increasing the total sales at the building to almost 45%. A buyer from the United States completed the purchase on a 9,680 SF ocean facing penthouse property located on the 58th floor of the luxury residences.
One of the crown-jewel, tri-level penthouses at the luxurious Ten Museum Park by Oppenheim Architecture + Design, one of Downtown Miami’s most prestigious buildings and the first built in Park West in 2007, has hit the market for $5.6 million.
The Forbes Company and Taubman Centers, Inc. have tabbed The Comras Company to help lead retail leasing at Miami Worldcenter. The Miami-based commercial brokerage will represent over 300,000 SF of retail leasing including restaurant and entertainment space at the 27-acre, $2 billion mixed use mega-project which is currently under construction.
BH 18 Investments, LLC. has submitted plans for Krystal Tower at the former Logik site next to MiamiCentral Station to the Urban Development Review Board. The tower would be built on the podium which was previously abandoned over a decade ago and is designed by Studio Baigorria.
The Golden State Warriors’ NBA superstar Kevin Durant’s one-time Miami pad where he shared neighbors such as Dwayne Wade and other NBA stars in 2015 has hit the market for $3,600,000. The penthouse is located high atop Downtown Miami’s 900 Biscayne and was sold by Durant in 2015 before renting at a record breaking $18,000 per month, the highest rental in Downtown Miami at the time.
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.
One Thousand Museum by Zaha Hadid Architects, soon-to-be one of the most high-end residential towers in Miami, hosted a VIP preview of One Thousand Museum Residences’ culinary concept which will be exclusively available to residents in the tower’s Sky Lounge.
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.
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.
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.
One Thousand Museum has announced Museum Beach, an exclusive private beach club for residents in South Beach’s South of Fifth neighborhood. The offering is yet another five-star amenity available to residents at the ultra-luxury condo tower designed by Zaha Hadid in Downtown Miami’s Park West neighborhood.
The penthouse featured in the film blockbuster film “War Dogs,” starring Jonah Hill and Miles Teller can be yours for $4.49 million. Perched atop Marina Blue, located at 888 Biscayne Boulevard in Downtown Miami’s Park West neighborhood, the penthouse spans 4,498 SF spread over 2-stories.
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.
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.
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.
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
In anticipation of Formula 1’s first ever Formula 1 Miami Grand Prix, Zaha Hadid’s One Thousand Museum teamed up with Aston Martin Red Bull Racing to welcome the sport to Miami in style with a one-of-a-kind stunt.
The already under-construction River Landing Shops & Restaurants, being developed by River Landing Development including the Coral Gables-based UrbanX Group and Coralee Penabad along with H&R REIT, and Matthews Southwest, have revealed a waterfront “Restaurant Row,” further engaging the Miami River.
PMG, S2 Development, and Greybrook Realty Partners will build Miami’s tallest tower at 300 Biscayne, which will also feature Miami’s first Waldorf Astoria Hotel & Residences. The 1,049’ tower is being designed by Sieger Suarez and is expected to have a sell-out over $1 billion.
Crescent Heights is nearing a final agreement to bring a 60-story mixed-use project to 1370 NE 2nd Ave. The proposal is expected to bring 1,100 residential units split between condos and rentals, 100,000 SF of office space and 1,100 parking spaces.
Miami voters have approved a new hotel to be built on city-owned land on Watson Island as part of a redevelopment of Jungle Island. 59% of voters said yes in support of waiving competitive bidding on the property to extend Jungle Island's lease to 2099 and approve the owners of Jungle Island to have the right to build a 13-story, 300 room hotel.
CAOBA Miami Worldcenter has revealed new renderings and launched a website in anticipation of the buildings upcoming completion. CAOBA’s market-rate rental apartments range in size from 500 SF studios to 1,300 SF 3-bedroom floor plans.
PMG is converting 64 units of the newly opened luxury apartment tower X Miami in Downtown Miami into a hotel component, to be known as The Guild Hotel. The Guild Hotel will occupy 4 floors of the 32-story building and guests will have access to the same amenities shared by X Miami residents.
Netherlands-based citizenM, the pioneer of affordable luxury hotels, has announced plans to open a 348-key hotel within Miami Worldcenter, one of the largest private mixed-use developments underway in the United States, occupying 27 acres in the heart of the Downtown Miami.
Robert Wennett has submitted a Special Area Plan to build a mixed-use complex, Miami Produce Center, in Allapattah designed by none other then the starchitect Bjarke Ingels. The project is proposed on 8.54 acres located at Northwest 21st and 22nd Streets, and between Northwest 13th and 12th Avenues.
PARAMOUNT Miami Worldcenter has officially topped out in Downtown Miami as the tower is now an icon on the Miami skyline. Development and construction teams celebrated the banner moment by raising 50 flags from around the world atop the Miami Skyline in celebration of the more than 550 construction workers who helped achieve the milestone.
PMG and Greybrook Realty Partners have filed an application for a demolition permit to begin work on 400 Biscayne. The developers will demolish the 27,984 SF First United Methodist Church and BG Group has been listed as the demolition contractor.