There are few projects under construction in the United States where an entire live, work, play city complete with community programming, a variety of residential options, schools and diverse retail is coming to life as well as Downtown Doral.
KIPANY Marketing, the firm which handles marketing for The New York Times, Disney, Comcast, Verizon and Sears, is relocating to Fort Lauderdale after 40 years in NY as the exodus of business and wealth from high-tax northern states continues as they gravitate towards Florida’s income tax-free structure.
A new record breaking sale has just closed at 1 Hotel and Homes South Beach as PH-1609 has sold for $11,500,000, or $3,233 SF. The price reflects a new record price per square foot for 1 Hotel and Homes South Beach and is the second highest price per square foot sale in Miami Beach in nearly 3 years.
Megacenter Brickell is gearing up to go vertical as foundation work is nearing completion and the developer has filed with the FAA for crane installation. Megacenter Brickell is being developed by Red Megacentro and is designed by Reinaldo Borges of Borges Architects + Associates.
Mill Creek Residential has revealed new renderings for Modera Biscayne Bay, their new 30-story rental project coming to Edgewater. The developer has filed plans to bring utilities to the property which is located at 411 NE 21st Street at the current Unity On The Bay Church property adjacent to PARAMOUNT Bay.
America's largest homebuilding, Lennar (LEN), has submitted plans to build Wynwood Green, a 189-unit rental apartment complex at the site of Wynwood Yard. The project would rise 11-stories on the 1.26 acre site and is designed by Dorsky + Yue.
Pritzker-Prize winning architect Zaha Hadid’s personal Miami Beach condo located in the W South Beach has finally sold for $5.75 million. The oceanfront residence had originally been listed for $10 million unfurnished and was personally designed by the late Zaha Hadid herself, who is renowned for her innovative and geometrically appealing designs.
ZOM Living's new Stantec-designed Solitair is now open in Brickell after breaking ground in 2015. Solitair is located directly across the street from Brickell City Centre at 86 SW 8th Street. The 50-story tower, which broke ground in 2015, features a design inspired by the Medjool date palm tree.
The drama has now wrapped up in a high-profile legal drama between real estate broker big-wigs Kevin Tomlinson of ONE Sotheby's International Realty vs. The Jills of Coldwell Banker, led by Jill Eber and Jill Hertzberg.
Miami voters have approved a new hotel to be built on city-owned land on Watson Island as part of a redevelopment of Jungle Island. 59% of voters said yes in support of waiving competitive bidding on the property to extend Jungle Island's lease to 2099 and approve the owners of Jungle Island to have the right to build a 13-story, 300 room hotel.
The Eurostars Vintro Hotel, located at 2216 Park Avenue in South Beach has sold in an off market deal for $20 million to Henley USA. The deal equates to roughly $400,000 per key for the 50-room hotel, which was previously owned by Encotel, LLC.
CAOBA Miami Worldcenter has revealed new renderings and launched a website in anticipation of the buildings upcoming completion. CAOBA’s market-rate rental apartments range in size from 500 SF studios to 1,300 SF 3-bedroom floor plans.
Aventura ParkSquare has received its Temporary Certificates of Occupancy (TCO) from Miami-Dade County as the mixed-use projects gears up to open to residents and commercial tenants. Aventura ParkSquare is being developed by Integra Investments and was revealed in 2014 before breaking ground in 2016.
PMG is converting 64 units of the newly opened luxury apartment tower X Miami in Downtown Miami into a hotel component, to be known as The Guild Hotel. The Guild Hotel will occupy 4 floors of the 32-story building and guests will have access to the same amenities shared by X Miami residents.
Miami's Urban Development Review Board (UDRB) has approved the 224-unit Altis at 2100 SW 8th Street in Little Havana. The project will rise 8 stories and will feature 224 apartment rentals, 351 parking spaces and ground floor retail.
Nicky Jam, the Billboard and Latin Grammy award winning reggaetón singer, has officially purchased a home in Miami Beach’s Palm Island for $3.4 million. The sale was represented by Chad Carroll of Douglas Elliman.
Netherlands-based citizenM, the pioneer of affordable luxury hotels, has announced plans to open a 348-key hotel within Miami Worldcenter, one of the largest private mixed-use developments underway in the United States, occupying 27 acres in the heart of the Downtown Miami.
PROFILEmiami, Miami's leading real estate news platform, presented an in-depth exploration into the controversial topic of short term rentals in Miami and South Florida. The sold-out event was attended by local leaders, luminaries, real estate investors, real estate professionals and many who have encountered Miami Beach's infamous short term rental fines.
Metronomic Place, a new mixed-use project coming to 3280 Grand Avenue, has been revealed in Coconut Grove. The project is being designed by local architecture firm CLAD and will feature interiors by One Design Build.
The Residences by Armani/Casa is one step closer to completion as Dezer Development and The Related Group have announced that the tower has topped off at 649' and is now 80% sold. The development team and the tower’s general contractor, Coastal Condominiums, and executive architect, Sieger Suarez Architects, commemorated the topping off.
Two Roads Development has officially secured a $138 Million construction loan for Elysee, their luxury condominium tower rising in Edgewater. The financing was provided by JPMorgan Chase Bank, National Association as construction teams have already taken the tower vertical.
Magic City Innovation District (MCID), a 17.7-acre Innovation District in Miami’s Little Haiti and Little River neighborhoods, has commenced renovations on 17 of its 21 commercial buildings. The project's first phase of commercial development features 200,000 SF of leasable space spread through several modernized warehouses.
The 3-year, $620 million renovation of the Miami Beach Convention Center is powering towards completion. The redesign, which features 500 aluminum fins which are influenced by ocean waves, was designed by Fentress Architects, Arquitectonica and West 8.
Douglas Elliman and JDS Development hosted an in-depth panel discussion on July 26 exploring both developing and selling Monad Terrace as well as reviewing Miami Beach's current real estate market. The panel gave listeners insight from industry titans Jay Parker, CEO of Douglas Elliman Florida and Michael Stern, founder and Managing Partner of JDS Development.
A warehouse located on the corner of North Miami Avenue and 71st St. in Little River has sold for $10.4 million. The sale, which was brokered by Tony Cho's Metro 1, a leading real estate brokerage, management and development firm, includes a 49,000 SF warehouse on 77,000 SF of land.