As the redevelopment of CocoWalk continues, the joint venture behind the project, comprised of Federal Realty Investment Trust (NYSE: FRT), Grass River Property and Comras Company, has announced that it has signed its anchor tenant, co-working company Spaces, to occupy 42,883 SF at the new Class A office building One CocoWalk.
The Miami-based Coral Rock Development Group and Arena Capital Holdings announced the plans for Pura Vida Hialeah , a premier mixed-use project set to be the first kind in Hialeah. Pura Vida, meaning “Pure Life,” is the first major mixed-use development in the area in more than 20 years.
Miami Worldcenter, the 27-acre, $4 billion development in Downtown Miami, is preparing to welcome its first residents after 15 years of land acquisitions, planning and construction. The 444-unit, transit-oriented CAOBA rental tower has received the green light to welcome tenants and with the launch of leasing has become the first building to deliver within the master-planned Miami Worldcenter project.
Leading national developer, The Related Group, and Block Capital Group today announced the top-off of the Wynwood neighborhood’s newest residential project, The Bradley, located at 51 Northwest 26th Street. The Bradley will offer 175 studio-, one-, and two-bedroom units which range from 480 SF to 1,000 SF and over 32,000 SF of commercial space.
The New York-based Seritage Growth Properties has begun construction on the first phase of Esplanade at Aventura, the 215,000 SF ground-up development featuring experiential retail, unique entertainment and fine dining in a luxurious open-air high-street retail setting on the 12.3 acre site of the former Sears store at Aventura Mall.
Property Markets Group, Greybrook Realty Partners and S2 Development have locked down a $33 million pre-construction loan which will be financed by the Miami-based BridgeInvest. The financing will be used to obtain final permits and approvals as well as market the property and launch sales of the residential luxury condominium component.
Kaido, an Asian and Japanese-inspired cocktail lounge, is now open in Miami Design District’s Paradis Plaza. Kiado is a collaboration between Miami-star Chef Brad Kilgore and Mixologist Nico de Soto, where they have transformed the second-floor lounge into an intimate Tokyo-inspired bar with indoor and outdoor terrace lounges overlooking Paradise Plaza.
Ellish Builders has launches sales at Little Harbor Estates in Deerfield Beach, a collection of six luxury waterfront single-family homes. Tinka Ellington of Douglas Elliman is heading sales for custom homes which range from $2.9 million to about $3.5 million.
Avison Young’s Florida Capital Markets Group has negotiated the $33 million sale of a ±71-acre trophy development site on behalf of Florida Power & Light (FPL) at 6525 SW 152 St., positioned at the 67 Ave. and 148 St. intersection, in Miami-Dade County’s Palmetto Bay, Florida.
One of the most historic estates in Coconut Grove and the former winter retreat of 1920’s actor Rudolph Valentino, has sold off market for $4,500,000. The Moorish Compound, which is located on a rock bluff overlooking the prestigious South Bayshore Drive, was originally built in 1910 and is made up of a main house with three separate cottages on a 25,000 SF lot.
Vaster Capital, a Miami-based direct, private lender specializing in customizing bridge loan products for domestic and foreign real estate investors, has announced a new partnership with national real estate development firm The Related Group, led by Jorge Perez.
PARAMOUNT Miami Worldcenter has revealed their exclusive collection of four, two-story urban villas, the most unique residences offered at the massive 27-acre complex, which has been compared to New York’s Hudson Yards as one of the country’s most visionary and largest mixed-use developments.
Douglas Elliman, the third largest residential real estate company nationwide, has continued their expansion across South Florida with the opening of its first Coral Gables office location. The 4,040 SF office will be located on the first floor at Facundo Bacardi’s 1515 Sunset Drive, designed by Leo A. Daly, and will house approximately 75 agents and will be led by Managing Broker Maggie Buck.
Teavana co-founder Andrew Mack has purchased Playa Vista Isle for a massively discounted $42.5 million. The Versailles-inspired estate in Hillsboro Beach made headlines when it hit auction in November after being listed for $139 million in 2014 and raising to $159 million in 205 before being delisted in 2016.
The Melo Group, one of Miami’s most prolific residential developers who have quickly transformed Downtown Miami and its Arts & Entertainment District, have launched pre-leasing for Art Plaza, a transit oriented, community minded 667-unit apartment complex walking distance from the School Board Metro Mover Station.
APEX Capital Realty, led by Miguel Pinto, has just signed the first two tenants at URBAN 75th STREET, an innovative warehouse complex located at 300-320 NE 75th Street in Little River. PIXIE Market, a Los Angeles-based fashion e-commerce company, signed a 5-year lease for 3,500 SF in the 320 building and plans to move in January 2019.
The Related Group has sold the hotel component of SLS Brickell for $43 million to an entity managed by Francois Faber of Fiduciaire Fernand Faber, who has also signed an agreement with SBE for the continued management of the property.
One Thousand Museum has announced Museum Beach, an exclusive private beach club for residents in South Beach’s South of Fifth neighborhood. The offering is yet another five-star amenity available to residents at the ultra-luxury condo tower designed by Zaha Hadid in Downtown Miami’s Park West neighborhood.
Shahab Karmely’s KAR Properties has locked down a $103 million construction loan for the now under construction 2000 Ocean in Hallandale Beach. The financing is being provided by Apollo Commercial Real Estate Finance, a New York-based real estate investment trust.
A new architectural masterpiece on the Venetian Islands with views of Downtown Miami and stunning landscaping by L&ND Design has just hit the market $22,500,000. The home features the last and only city approved rooftop terrace with elevator access, leading to a 2,300 SF outdoor space featuring a summer kitchen, covered dining and outdoor shower.
The Chicago-based Sterling Bay is gearing up to break ground in Wynwood on their Gensler Architects-designed 545Wyn office project. Groundbreaking is set for January 2019. When complete, the development will be the biggest office building to launch in Wynwood rising 10-stories and bringing 298,000 SF of office space along with 26,000 SF of retail to the neighborhood.
Ransom Everglades School has broken ground on their new three-story STEM Center designed by Perkins+Will. The new 45,000 SF building will feature 10 flexible classrooms, fabrication and maker labs, a rooftop outdoor lab, solar technology, a reconfigurable multi-purpose conference and a 200 person auditorium.
The Estates At Acqualina has completed the foundation pour for the South Tower at the $1.6 billion ultra-luxury condo tower under construction in Sunny Isles Beach. Eddie, Jules and Stephanie Trump along with the broker community, the development’s future residents and local press witnessed one of the biggest residential construction pours in South Florida led by Coastal Construction
Just two months after Beverly Hills-based real estate brokerage and lifestyle company, The Agency, launched its operation in South Florida, it has announced the opening of its second and third locations and expanded its new development division, The Agency Development Group (TADG).
Miami Beach commissioners have officially voted in favor of finalizing the proposed deal with Crescent Heights and its co-founder Russell Galbut to redevelop the former South Shore Hospital site on Alton Road in South Beach.
ArquitectonicaGEO, the landscape design arm of architecture powerhouse Arquitectonica, has proposed WynwoodWalks as part of the Wynwood streetscape master plan. The proposal was commissioned by the city and first publicly presented at a community meeting on December 11.
DJ Khaled has officially listed his waterfront Miami mansion, decked out with the music producers own personal designs and a custom sneaker room, for a cool $7.99 million. Khaled spent over $2.5 million remodeling the four-story, 5 bedroom, 6 bath Mediterranean estate to include 14k gold chandeliers with Swarovski crystals,
Eighty Seven Park by Renzo Piano Building Workshop has revealed its penthouse in record breaking fashion. Priced at $68 million, the penthouse is unlike any other property on the market and is 2018’s most expensive home in Miami.
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