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.
Adler Developments’ Nexus Riverside is coming to the Miami River after having been approved by Miami city commissioners. The developers plan to break ground in Q4 of 2020 and will bring 4 towers set o be completed in 5-7 years.
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.
Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, has announced that South Florida luxury real estate leader EWM Realty International has joined its network operating as Berkshire Hathaway HomeServices EWM Realty. The 55-year-old, full-service brokerage is led by CEO Ron Shuffield, one of South Florida’s most respected operators in the business.
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.
The Aventura-based Rieber Developments, led by Bernardo Rieber, has revealed plans for 12|12 Aventura, a mixed-used project with offices for medical professionals, a luxury senior living component and vibrant dining and shopping
Harvey Hernandez’s Newgard Development’s NGD Homesharing and Russell Galbut’s Crescent Heights have proposed Natiivo, a 48-story tower planned in Downtown Miami next to Miami WorldCenter. The project, which is designed by Arquitectonica with interiors by Urban Robot, will be “powered by AirBNB” and will feature units specially designed to operate short term rentals.
Aston Martin Residences, the ultra-luxury condo tower under development in Downtown Miami, teamed up with the Miami HEAT to host “Legend’s Court,” commemorating their premium corporate partnership. NBA legends of the court, Kelly Olynyk and Glen Rice, were on the American Airlines Arena floor to conduct a coaching clinic extravaganza with an All-Star real estate team of Miami’s elite brokers.
Miami-based sustainable real estate developer Metronomic has acquired an assemblage of properties in Coconut Grove to commence development of their “Grand Plaza” mixed-use project. The four-parcel portfolio along Grand Avenue consists of 0.77 acres and was purchased for $6.3 million ($186.67/psf).
Pordes Residential has recently overseen the sell out two South Florida developments, Peninsula Palm Beach and 101 Bay Harbor, marking the firm’s continued success in South Florida. Peninsula on the Intracoastal is a luxury, waterfront community of 40 luxury condominiums and 30 townhomes, located in Palm Beach County.
Related Group has revealed a first look at the Arquitectonica-designed One Island Park on Miami Beach’s Terminal Island. The developer is moving ahead with the approval process to bring 90 ultra-luxury condominiums via a zoning change in addition to a 50,000 SF city fleet maintenance and sanitation facility at no cost to tax payers.
An extremely unique property that was built by Florida’s second registered woman architect, Marion Manley, has sold for $1,000,000. The sale was represented by Alex Enriquez & Alex Pinero of Douglas Elliman who had listed the home for $1,165,000 and the buyer was represented by Sabriane Brandao of Global Luxury Realty.
Villa Valencia has launched sales in “The City Beautiful,” bringing a new residential address that blends private luxury with a true downtown lifestyle. The project is being developed by Location Ventures, the Miami-based real estate investment firm with a portfolio of residential and mixed-used projects throughout South Florida.
Alta Developers and the Facundo and Amalia Bacardi Foundation have been awarded approval by city commissioners to change the zoning needed to move ahead with South Miami Town Square, located at 5850 SW 73rd Street and 7331 SW 59 ave.
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.
A mid-century waterfront home on Miami Beach’s famed Flamingo Drive, owned and completely redesigned by renowned French architect and interior designer Jean-Louis Deniot, has sold for $7.5 million. The sale represents a record as the highest price-per-square-foot paid for a single-family residence on the Flamingo Drive enclave.
Avra Jain is planning to break ground on the Carlos Zapata and O’Donnell Dannwolf and Partners-designed 555 River House in January 2020. Located on the Miami River, River House will be a mixed-use development with 39 luxury condos, a 175-key hotel, 120,000 SF of office space and 36,650 SF of commercial space.
The advancement of plans to build a stadium for Miami’s newest professional sports team, Inter Miami FC, is not going well amid pushback over the referendum to allow major developers to redevelop Melreese Golf Course into an office pack with a soccer stadium.
A waterfront home in Delray Beach has hit the market offering a Ferrari spider worth $350,000 and $1.6 million custom boat by Midnight Express included in the purchase price offered at $13 million. The home’s furnishings and art work worth $2.5 million are included in the sale as well.
MultiplanREAM has revealed 10 Sky Residences which are being added to 57 Ocean as the developer is reconfiguring the building’s design to make way for bigger, more expensive units. The shift is to address the high demand from East Coast buyers, bringing the unit count to 71 units, and comes about a month after the project broke ground.
LA CLARA, West Palm Beach’s new luxury 25-story residential building by internationally award-wining Canadian real estate developer Great Gulf has broken ground. Stantec is the architect of record, working in partnership with design architect Hariri Pontarini Architects, for the waterfront development located at 1515 South Flagler Drive in West Palm Beach, Florida.
YOO Residences at Metropica, scheduled for completion this summer, and the first residential offering within the $1.5 billion, 65-acre master planned Metropica, will join THIRDHOME, an exclusive network of global luxury residences.
Galium Capital announced today the listing of a 35+ single-family home portfolio across South Florida for $10 million. The stabilized portfolio features homes which are located across several Lennar communities in cities such as Doral, Homestead, Coconut Creek, Stuart, Miami and Hialeah.