Mast Capital has purchased The Quay, a 73,000 SF, mixed-use shopping center in Fort Lauderdale for $43 million. The property, which is currently 100% leased, includes major tenants such as the Boatyard restaurant, United States Postal Services, and Chipotle.Read More
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.Read More
A partnership between Todd Michael Glaser, Jarrett and Sean Posner, Fred Carlton and Charlie Ratner have proposed a 15-acre mixed use project known as West of West District in South Beach. The project is designed by DOMO Architecture + Design and is located between Bay Road and Alton Road and 13th Street and 16th Street on Miami Beach.Read More
The FAA has approved the Touzet Studio-designed Grove Central, an innovative $200 million mixed-use project that will use solar panels to produce its own electricity. Grove Central is located at the Coconut Grove Metrorail station and is being developed by Terra Group and Grass River Property.Read More
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.Read More
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.Read More
Habitat Group, a full-service asset management and development company, is launching sales at the second tower of their latest project, Smart Brickell, a mixed-use retail, condo and hotel development sitting on 1.23 acres along SW 9th Street.Read More
West Coconut Grove, one of the hottest neighborhoods for development in Miami that has seen a massive transformation over the past 3 years, will be getting a massive new mixed-use project on the Grand Avenue corridor. Metronomic is under contract to purchase a 12 property assemblage at 3280-3461 Grand Avenue for $25 million with a closing date set in mid-February 2019. Metronomic, led by Ricky Trinidad, has proposed a $74 million, 297,000 SF mixed-use development that would feature luxury apartments, affordable housing, retail, office space, community parks, public parking and a 44-key hotel. Trinidad hopes receive FAA approval to build a rooftop helipad. The project is designed by Pablo Burgos of Burgos Lanza & Associates and Carl Levin of CLAD Architects.
The project would be built in multiple phases with the first being Metronomic Place, which will feature a boutique office building and the hotel component at 3280 Grand Avenue. Metronomic expects to break ground on Metronomic Place before the end of 2018 after locking down a $6.8 million construction loan financed by Fuse Funding. Metronomic Place will rise 5-stories and will feature the 44-key hotel, 5,000 SF of Class A Office Space, 3,200 SF of ground floor retail. Phase 2 would begin in March after the closing and would include the build-out of the rest of the project to be completed within 2 years. Phase 2 will include 38 furnished micro units, 82 luxury apartments rentals and 40 affordable housing units along with a public area for farmers markets and stage for live performances.
Bel-Invest’s Zyscovich Architects-designed Wynwood Quarter project has been revealed as the developer has submitted plans for the first building for review by the Wynwood Design Review Committee.Read More
There is a new mixed-use hotel coming to Wynwood as 111 Wynwood LLC, an entity led by Eduardo Vargas and Andres Hogg, has filed plans to bring a 72-key hotel to the trendy neighborhood right near Wynwood Walls.Read More