Related Group has revealed The Gallery On The River, a 12-story affordable and workforce housing project which they have recently proposed for Miami’s Overtown neighborhood. The proposal, which was designed by SR Architects, has been submitted to the Urban Development Review Board (UDRB) for review on September 18.
Shoma Group has recently broken ground on Ten30 condo in Miami Beach with interior design by Saladino Design Studios. Ten30 is located at 1030 15th Street in Miami Beach. When complete the project will rise 4-story, with 70,354 SF of total development and will feature 43 units and a 6,000 SF rooftop deck with a rosé-colored pool, lounge and outdoor yoga area.
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.
Harvey Hernandez’s Newgard Development’s NGD Homesharing and Russell Galbut’s Crescent Heights have revealed new renderings of the Arquitectonica-designed Natiivo, a 50-story tower planned in Downtown Miami next to Miami WorldCenter.
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.
Vandalo Wynwood, a new graffiti-inspired lounge/restaurant designed to test limitations, break boundaries, and create something new, has opened in Wynwood. The restaurant offers cuisine inspired by ethnic street food, elevated to the finest gastronomy. Vandalo Wynwood is a statement on its own, its a place where you're encouraged to be who you are and leave the ordinary behind.
Plans have been filed for a new tropical, modern residence on Hibiscus Island after Moishe Mana recently sold the lot, complete with a historic home, located at 420 South Hibiscus. The home is designed by DOMO Architecture + Design and will be elevated above ground to combat rising seawaters and flooding.
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.
Avison Young’s Florida Capital Markets Group has overseen the closing of a $46 million sale of a prime-located portfolio to an affiliate of PMG, who recently completed co-living concept X Miami on Biscayne Boulevard in Downtown Miami and is currently developing X Las Olas in Fort Lauderdale.
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…
Melo Group has revealed their newly proposed, Arquitectonica-designed Island Bay project in Edgewater where the developers have recently filed plans with the city. The project features 782 residential units spread between two 60-story, 648’, twin towers on Biscayne Bay.
Galium Capital, a Miami-based private equity firm and its joint-venture partner, Owens Realty Capital, have acquired Fountain Square II, a curvilinear four-story office building in Tampa for $29.4 million. The joint-venture paid about $220 per square foot for the Fountain Square II office building in the Westshore area of Tampa.
Gazit Horizons, a subsidiary of Gazit Globe, has revealed Brickell Gateway, their newly proposed 650,000 SF mixed-use tower which will be built next to Brickell City Center. Located at 90 SW 8th Street, Brickell Gateway will rise up to 48-stories and is expected to offer retail and office space as well as a hotel and residential component. A demolition permit for the existing structure has not been filed with the city.
After the famous Epicure Gourmet Market & Café on Miami Beach’s Alton Road closed its doors after Hurricane Irma, the owner of the market & café, Jason Starkman, is now redeveloping the Lincoln Road space and has listed the 31,000 SF property with Brian Carter, Filippo Incorvaia and Ross Padfield of Douglas Elliman.
Estates Investment Group has proposed a Class A apartment building in Overtown which will be built in partnership with the Overtown and Park West Community Redevelopment Agency. The property, which is located at 218 NW 8th St., will be built on 1.23 acres of CRA owned land.
Terra, a South Florida-based residential and commercial development firm, has closed on $91 million in financing for its newest multifamily community, Pines Garden at City Center in Pembroke Pines. The firm secured the loan through an affiliate of Mack Real Estate Group.
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.
A $77.4 million funding package for a major James Corner Field Operations-designed revamp of Miami Beach’s Lincoln Road has been approved by Miami Beach city commissioners. The funding will come from city taxpayers in addition to a $16 million Special Assessment charged to property owners in the immediate Lincoln Road district.
Unit 2607 at Continuum South Beach has sold for a record setting highest price per square foot paid for a 2 bedroom unit. Dina Goldentayer of Douglas Elliman represented the seller, Never Again Ventures, LLC in the $4.2 million transaction which sold to a buyer from Connecticut for $2,400 per foot.
Internationally-renowned Italian design studio Pininfarina has received the Red Dot Award for Design Concept of 2019 with their Pininfarina Bus Shelter for the City of Miami Beach. Seeking to enhance the transit experience and improve the quality of existing architecture and functionality, the City of Miami Beach proposed to adopt a new bus shelter design for city commuters.
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.
Terranova Corporation has revealed a new hotel design by Arquitectonica which has been proposed on Coral Gables’ Miracle Mile. The design was influenced by Mediterranean architecture and the historic Biltmore Hotel. The hotel will offer 120 hotel rooms and 36,778 SF of ground floor retail which will also feature restaurant space.
Russell Galbut and David Martin have revealed the chosen design for Miami Beach’s new pedestrian bridge at 5th Street which will serve as the gateway to South Beach. The winning design is by French artist Daniel Buren and features a colorful tube of transparent glass panels offering views of Biscayne Bay.
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 Chicago-based Akara Partners has revealed their plans for Kenect Miami at Miami Worldcenter. The Perkins + Will and Stantec-designed tower will feature two towers, one rising 39-stories, 410’, and a second rising 79-stories, 810’.
224 Bal Bay Drive has closed for $24 million after being listed on February 8, 2019 for $24.95 million with Dina Goldentayer of Douglas Elliman. The home was on the market less than 5 months before closing to an undisclosed buyer represented by Sandra Debuire of Coldwell Banker.
Holliday Fenoglio Fowler, L.P. (HFF) has announced that it has arranged $550 million in financing for the expansion of the iconic Bal Harbour Shops, a 463,114 SF, open-air, fully leased global, luxury shopping destination anchored by Saks Fifth Avenue and Neiman Marcus along Miami Beach in Bal Harbour, Florida. The loan is one of the largest construction loans ever to close in Miami.