The Wynwood BID has completed a study which reveals that amid fast-rising density, Wynwood-Edgewater is more in need of a train station than Midtown Miami-Design District. The Wynwood-Edgewater area is looking at nearly 65 million square feet of new development according to urban planner Cesar Garcia-Pons.
Wood Partners, Stantec and Kast Construction have officially celebrated the topping off of Midtown 8, their new 28-story, 389,700 SF residential development in Midtown Miami. Located on a two-acre site at 2901 and 2951 NE 1st Avenue in Midtown Miami, the mixed-use development is by the Atlanta-based multifamily developer Wood Partners includes.
Related Group and Dezer Development has completed the sale the hotel portion of the newly completed Hyde Midtown Suites & Residences luxury condo-hotel project in Midtown for $21.8 million. The buyer was Midtown Hotel Investment LLC, which is led by Haim Yehezkel of Elysee Investments
HES Group has secured a $9.5 million loan for Triptych Hotel, in Midtown Miami, adjacent to Miami Design District. The loan was provided by a Panama-based lender 21 Brands S.A. Triptych Hotel was approved earlier this year, after HES Group sold JQ Group shares in the project for undisclosed terms.