KAR Properties has officially broken ground on 2000 Ocean in Hallandale Beach, designed by Enrique Norten of TEN Arquitectos. Suffolk Construction is the contractor on the project where sales launched in November 2017 with pricing starting at $2.6 million. 2000 Ocean is expected to be delivered in 2020.
Miami-based Lennar Corporation announced last week that it will sell its investment and asset management division, Rialto, to private equity firm Stone Point Capital. This move may be part of Lennar’s strategy to focus solely on homebuilding.
New renderings of David Beckham and Jorge Mas' controversial proposal to build one of the biggest private office and retail parks in the U.S. on city owned land, known as Freedom Park, have been revealed.
City National Bank of Florida and UBS have inked deals to lease 142,000 SF of office space valued at $75.1 million at Miami Tower, a 47-story, landmark office skyscraper at 100 SE Second St. in Downtown Miami.
The Toronto-based developer Great Gulf has launched plans for La Clara, their 25-story luxury condo tower coming to West Palm Beach. La Clara will be located at 1515 South Flagler Drive and will feature 83-residences. Great Gulf, who acquired the site for $24 million in September 2016, expects to break ground in March 2019 and deliver the building in 2021.
There are few residences that combine high-styled interior design and an expertly curated art collection all while being located in an iconic tower designed by one of this generations top architects, Bjarke Ingels.
Barry Sternlicht’s Starwood Capital Group has proposed a 6-story office building designed by Gensler on Collins Avenue in Miami Beach. The proposal calls for 136,342 SF of Class A Office Space and 8,088 SF of retail as well as 305 parking spots.
BLVD 57 LP, controlled by 13th Floor Investments, has signed a utilities deal with Miami-Dade for 5700 Biscayne Boulevard, the former site of Boulevard 57. Now called Paseo, the utilities deal will bring water and sewer to the property.
The Trump Group, led by Eddie and Jules Trump, and Coastal Construction have signed an agreement for the construction of the second tower and completion of The Estates at Acqualina, the $1.6 billion residential development in Sunny Isles Beach scheduled to open in late 2020.
SkyRise Miami, the proposed 1,000’ entertainment and observation tower which is poised to become the tallest tower in Florida, is gearing up to break ground in Q2 2019. The entertainment and observation tower is being designed by Arquitectonica and under development by Berkowitz Development Group
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DJ Khaled spent the day in this luxurious mansion in Magic City. Khaled relaxed in a $34.5 million waterfront Miami Beach mansion on Ritzy Hibiscus Island featuring 5 bedrooms, a home theatre and dock fit for a yacht (or a fleet of jet skis).
The Miami office of global architecture and design firm Perkins+Will has announced the completion of its new Coral Gables studio, showcasing some of the firm’s best-in-class workplace design strategies, including sustainability, biophilia, health and wellness, and integrated technology.
Habitat at The Grove, a new project matching urban style with luxury living, has been revealed in the heart of Coconut Grove. The brand-new boutique community features 8 townhomes that are designed to blend urban lifestyle with the tropical beauty of Coconut Grove.
In anticipation of Formula 1’s first ever Formula 1 Miami Grand Prix, Zaha Hadid’s One Thousand Museum teamed up with Aston Martin Red Bull Racing to welcome the sport to Miami in style with a one-of-a-kind stunt.
Park Grove, a 3-building joint venture between Terra Group and Related Group, has celebrated the grand opening of Two and Three Park Grove as One Park Grove pushes skyward. The Park Grove project is transforming the Coconut Grove skyline with architecture by Pritzker Prize winning architects OMA/ Rem Koolhaas.
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.
There is a new mixed-use hotel coming to Wynwood as 111 Wynwood LLC, an entity led by Eduardo Vargas and Andres Hogg, has filed plans to bring a 72-key hotel to the trendy neighborhood right near Wynwood Walls.
ROVR Development has announced that the concrete pour for the first elevated deck at The Fairchild Coconut Grove has been completed. Cement trucks began the process of hauling in a total of 545 cubic yards of concrete for the day long pour which needed approximately 50 cement trucks as the first elevated deck for the project was formed.
Miami-Dade commissioners have voted to award a $14.3 million construction contract to build the Brickell Backyard portion of the Underline. The 1/2 mile project will start at the Miami River and will continue through SW 13th Street under the Metrorail and Metromover, helping to bring green vegetation and park space to the dense, urban Brickell neighborhood.
320 S Hibiscus has sold for 11.6 million after the former owners donated the luxurious property to Mt. Sinai Medical Center. Douglas Elliman agents Eloy Carmenate and Mick Duchon agreed to a very reduced commission to represent the sale and all proceeds and most commissions earned will be donated to the hospital.
Playa Vista Isle, a Neoclassical work of art, is spread out on five acres on one of the highest points of Florida's "Millionaires Mile," and is one of the most expensive real estate listings in the country at $159 million.
The already under-construction River Landing Shops & Restaurants, being developed by River Landing Development including the Coral Gables-based UrbanX Group and Coralee Penabad along with H&R REIT, and Matthews Southwest, have revealed a waterfront “Restaurant Row,” further engaging the Miami River.
University Bridge GP, LLC, a partnership between between Miami-based Global City Development, RER Ventures and Toronto-based Podium Developments that is developing the off-campus 20-story student housing rental tower University Bridge Residences, has closed on a $231 million bond issuance.
OKO Group, the Miami-based development company founded by international real estate magnate and hotelier, Vladislav Doronin, has announced that the foundation work for Missoni Baia is now complete and construction crews have taken the tower vertical.
PMG, S2 Development, and Greybrook Realty Partners will build Miami’s tallest tower at 300 Biscayne, which will also feature Miami’s first Waldorf Astoria Hotel & Residences. The 1,049’ tower is being designed by Sieger Suarez and is expected to have a sell-out over $1 billion.
Residents of San Marco and Biscayne Islands are circulating a petition to move the islands outside of the jurisdiction of the city of Miami and into Miami Beach. The two artificial islands are located on the westernmost side along the Venetian Causeway, between South Beach and Downtown.