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.
Simon's 2.3 million SF Sawgrass Mills, the largest outlet mall in the United States, is undergoing a major renovation as the Simon’s tries to boost brick-and-mortar shopping versus customers tendency to shop online.
Douglas Elliman has celebrated the grand opening of its first office in Coral Gables hosted by Jay Phillip Parker, CEO of Douglas Elliman Florida brokerage, Gus Rubio, COO of Douglas Elliman Florida brokerage and Maggie Buck, Managing Broker of Douglas Elliman’s Coral Gables office.
Metro 1 Commercial has listed a rare development site in Wynwood's South East Quadrant Portfolio for $16.4 million. Metro 1’s president/CEO Tony Cho and Vice President, Andres Nava have been retained to market the corner to corner assemblage that is composed of three separate parcels totaling 29,786 SF of buildings sitting on 39,600 SF of Land.
The third penthouse at The Ritz-Carlton Residences, Sunny Isles Beach, which is slated to be completed at the end of this summer/beginning of fall, is now under contract for $19,750,000. The price equates to nearly $2,600 SF at the unfinished residence (PH49/#4903), which is one of four penthouse units in the 52-story building being developed by Fortune International Group and Chateau Group.
Avison Young’s Florida Capital Markets Group has been exclusively selected by a family trust ownership group to sell 99 Riverside, the last remaining development opportunity along the Miami River in Miami’s famed Brickell submarket.
Publix has received a construction permit to begin work on their newest supermarket location at Three MiamiCentral, just one block from MiamiCentral Station. Publix will buildout their 27,935 SF location in the ground floor retail space of the recently completed building which also features 90,000 SF of Class A office space and parking.
A rare ±3.04-acre development opportunity spanning a full city block at 1700 Biscayne Blvd. in Miami’s prestigious Edgewater area has hit the market. Avison Young’s Florida Capital Markets Group has been exclusively selected to market and sell the property which is uniquely located in an Opportunity Zone.
Miami-based Coral Rock Development Group and Arena Capital Holdings have broken ground on Pura Vida Hialeah, a nine-acre mixed-use project set to be the first of its kind in Hialeah in more than 20 years. When complete, the project will transform the area’s aging retail and residential offerings with the first new sleek contemporary designed vertical towers.
Nearly two years after the South Miami voted against the redevelopment of Sunset Place, the city has now approved the proposal after a special commission meeting where the South Miami City Commission voted unanimously to approve ordinances that allow will give the go-ahead to the developers to revitalize the aging mall.
Douglas Elliman released their Q1 2019 Market Reports in South Florida.The South Florida Market reports showed price trends generally edging higher, although sales slipped and inventory slightly increased this quarter. The markets included Miami Beach and Barrier Islands,Fort Lauderdale , Boca Raton, Highland Beach, Delray Beach, Wellington, Palm Beach, Jupiter, and Palm Beach Gardens.
South Florida’s award-winning architectural and branding firm, ArquitectonicaGEO, has been appointed to spearhead a multi-million dollar renovation project for the grounds of Continuum on South Beach, starting in May and anticipated to last between 18 and 24 months.
Two Roads Development has unveiled the brand new Jean-Louis Deniot-designed sales gallery for the under-construction Elysee Miami condominium in Edgewater. The waterfront sales gallery, located directly on Biscayne Bay at the developer’s neighboring luxury high-rise Biscayne Beach, gives buyers and brokers a taste of what luxury living will look like in the heart of the Miami at Elysee.
Terra has launched leasing at its newest luxury rental development, Pines Garden at City Center, ahead of opening to residents this month. The 387-unit residential community is part of Pines City Center, a 47-acre master-planned village rising within the city of Pembroke Pines.
13th Floor Investments and Adler Group have broken ground on one of Miami’s most anticipated transit oriented development, Link at Douglas. The development team is beginning site work this month and vertical construction of the development’s first phase is expected to begin this summer (2019).
MSC Cruises has revealed a new supersized Arquitectonica-designed cruise ship terminal coming to PortMiami. The terminal will be the largest in PortMiami at 350,000 SF, nearly double Royal Caribbean’s 170,000 SF Crown of Miami Terminal.
Following the announcement that Four Seasons Hotel and Private Residences Fort Lauderdale is more than 50% sold, Miami-based development company Fort Partners celebrated the success and progress of the luxury development at an exclusive luncheon announcing their selection of Florida-based construction company Coastal Construction as the general contractor for the project.
Amrit Ocean Resort & Residences, located on Palm Beach County’s Singer Island, has launched their well-being penthouse collection offering 11 oceanfront residences. Already Happiness Penthouse 2 and Happiness Penthouse 3 have sold for $3.375 million and $3.795 million respectively.
CIM Group and One Real Estate Investments has locked down construction financing for Wynwood Square as the project gears up to break ground. The loan is for $71.2 million and was provided by Sumitomo Mitsui Banking Corporation.
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.
Avra Jain, developer and Founder of The Vagabond Group, has sold her Venetian Island home for $7.5 million to California buyer, Mark Moses, CEO and Founder of CEO Coaching International. The property was completed in March 2019, it was been fully renovated with impeccable designs by Nandez D&D and features state-of-the-art smart home appliances.
Arte by Antonio Citterio has announced its highly anticipated launch of sales in Miami’s exclusive Surfside neighborhood. Arte, which features 16 ultra-luxury residences located on an acre of pristine beachfront, rises 12-stories and is the most prestigious offering to debut in the world-class destination and is the first project in the United States by Italian master architect Antonio Citterio.
Multiplan Real Estate Asset Management has broken ground on 57 Ocean, an ultra-high-end, 18-story boutique condominium on Millionaire’s Row in Miami Beach. Designed by Bernardo Fort-Brescia of Arquitectonica with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean is already being singled-out by high-end buyers worldwide.
The legendary Home of Diamonds, De Beers, has opened a new South Florida showroom at the Bal Harbour Shops. The new showroom marks De Beers’ third U.S. store location. The new store, full of airiness and light, will showcase wondrous pieces by De Beers, with 600 SF of space devoted to the legendary Home of Diamonds.
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.
Fort Lauderdale is home to some of the United State’s finest waterfront estates and 709 Idlewyld Drive raises the bar when it comes to luxury living. Located in Fort Lauderdale's prestigious Idlewyld neighborhood, the immaculate home offers an idyllic setting, panoramic views of the Intracoastal Waterway and easy ocean access by yacht.
13th Floor Investments and Adler Group have announced that the firms have completed construction of Motion at Dadeland, a transit-oriented, 294-unit luxury rental community that is adjacent to the Dadeland North Metrorail Station in South Miami, FL.