Commercial Real estate News
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Commercial Real Estate News
Fisher Brothers, a New York-based fourth-generation real estate company that owns, manages and operates unique spaces across the country, has rebranded their Wynwood luxury rental Wynhouse Miami to Joule House as the building prepares to welcome residencents in Spring 2025.
Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has revealed a transformative new mixed-use development in the heart of Coconut Grove. The iconic Oppenheim Architecture-designed plans invite the community in and complement the natural environment of the Grove and enhance walkability.
Related Group (Related), Rockpoint, and Two Roads Development have closed on $424 million in financing for the construction of Rivage Residences Bal Harbour (Rivage). The loan was provided by TYKO Capital, a multi-billion-dollar commercial real estate investment management platform led by Adi Chugh.
Witkoff Group and PPG Development have closed on $273 million in construction financing for Shell Bay, a private 150-acre, Mediterranean inspired Miami enclave featuring forthcoming Auberge-branded residences and a hotel, as well as the region’s first private golf club in decades.
Merrimac Ventures, a renowned South Florida real estate investment and development firm, has announced the launch of sales for Bungalow East, an exclusive luxury condominium set to rise in Fort Lauderdale Beach. The 14-story boutique development will house just 34 residences, each designed with refined elegance and offering extensive amenities in one of the area’s most walkable and desirable beachside communities.
Clearline Real Estate has secured $94.5 million in construction loans to advance the development of Excel Miami, a 24-story multifamily tower situated at 1550 NE Miami Place in the Arts & Entertainment District.
Opening on November 18, 2024, Casa Gianna will debut as a fresh Italian dining experience at the newly launched Gale Miami Hotel & Residences in Downtown Miami. Developed in collaboration with the global hospitality brand Zouk Group, Casa Gianna aims to offer an inviting and authentic culinary experience, transitioning seamlessly from a morning café into a lively evening dining spot.
The highly anticipated Nora District in West Palm Beach marked a significant milestone with the groundbreaking of The Nora Hotel, a new 201-key boutique hotel developed by BD Hotels, in collaboration with Sean MacPherson, NDT Development, Place Projects, and Wheelock Street Capital.
Altman, a prominent developer in multifamily and industrial real estate, has opened its latest project Altis Grand Kendall, 342 upscale apartment homes to Miami's Kendall neighborhood. This addition brings a sophisticated living environment tailored to modern renters, combining sleek interiors with a robust range of high-end amenities.
As Miami’s real estate landscape continues to evolve, a need for ownership flexibility is driving a new wave of luxury residence developments. Miami has become a premier destination for travelers and part-time residents due to its favorable climate, vibrant cultural scene, continued economic growth opportunities, and international accessibility.
Sawyer’s Walk, the largest mixed-use development in the historic community of Overtown, recently opened its retail section, marked by the launch of a 50,000-square-foot Target store. Over the next several months, additional major retailers are set to open, including Burlington, Five Below, Aldi supermarket, and Ross Dress for Less.
In the heart of Surfside, one of Miami's most coveted coastal communities, Surf Row Residences is introducing a new standard of upscale living. Developed by LD&D, a Miami-based real estate investment, development, and design firm, in collaboration with ONE Capital and IGEQ, this exclusive collection of 25 custom condominiums blends luxury and tranquility just a block from the beach.
South Florida-based developers Related Group (Related), Tate Capital and Rok Acquisitions, in collaboration with hospitality leader Marriott International, have revealed plans for The St. Regis Resort and Residences, Bahia Mar Fort Lauderdale.
Michael Liebowitz has been appointed as the new Chairman and Chief Executive Officer of Douglas Elliman Inc., following the retirement of Howard M. Lorber. The announcement was made by the real estate brokerage firm, which praised Lorber for his strategic vision and years of dedication in making Douglas Elliman the premier real estate firm in the country.
Six Michelin-starred Chef Michael White, creator and founding chef of Marea, one of New York City’s most esteemed restaurants, is set to open MIKA, his first standalone restaurant in Florida. Located in Miami’s Coral Gables, the restaurant’s menu will feature his classic Riviera style.
Construction of 830 Brickell, the Class A+ office tower that elevated Miami’s position as a destination for some of the world’s largest finance, technology, and professional services firms, has officially been completed after receiving its full Temporary Certificate of Occupancy (TCO) from the City of Miami.
Founded by Gianluca Vacchi and his partners Chris Paciello, Michael Stern, and Rafi Gibly, Sunset Padel is Miami Beach’s first members-only indoor padel club, set to redefine the city’s padel landscape for sports aficionados.
MG Developer, led by Alirio Torrealba, in partnership with Prosper Group, led by Jay Roberts, acquired a development site for a mixed-use project on North Bay Village for $30.9 million. The acquisition includes two waterfront parcels totaling 42,750 square feet located at 1681 & 1725 Kennedy Causeway.
Rosso Development, Standard International and Midtown Development are thrilled to unveil that fan favorite Sushi Garage, from the acclaimed Juvia Group, has signed on to open at the highly anticipated The Standard Residences, Midtown Miami.
PROFILEmiami brings an exclusive look inside Renzo Rosso’s home away from home—Pelican Hotel's exclusive Penthouse One, also known as the Owner’s Suite. As the founder of Diesel and President of OTB Group, Renzo Rosso is no stranger to transforming the ordinary into extraordinary.
Ocean Glass Residences, an exclusive community of 28 luxury townhomes, recently launched sales with Douglas Elliman Real Estate. Located at 10101 South Ocean Drive on Hutchinson Island, the development offers residents a unique combination of waterfront living and modern sustainability features.
Internationally renowned artist Romero Britto now owns the 58,000-square-foot compound where the BRITTO® Palace is located in Miami, making it the official new headquarters of the BRITTO Group in the United States, which has business globally in fine art, consumer goods, retail, brand licensing, amongst others.
Regency Development Group has broken ground on the Signature Collection, the first of three luxury buildings in the La Maré Brand Collection, a high-end residential development in Bay Harbor Islands, Florida. Comprising nine waterfront residences ranging from 2,200 to 4,300 square feet, the Signature Collection marks the initial phase of this premium project.
Witkoff, in collaboration with Access Industries, and Pyramid Global Hospitality, has signed an agreement with Marriott International to open The Belgrove, Autograph Collection in Palm Beach complete with a renovation of the Dutchman’s Pipe golf course.
After an extensive summer renovation, Marion, the well-known Miami dining and nightlife venue operated by Mr. Hospitality Miami, has reopened in Brickell. The restaurant now features a new design and an updated menu that blends Asian and Mediterranean influences. The reopening marks a significant milestone for Marion, which has been a part of Miami's dining scene since 2015.
The boutique condominium development Solina Bay Harbor has broken ground after reaching a 50% sales milestone within six months. Located at 1055 93rd Street in Bay Harbor Islands, the project is set to offer a collection of high-end residences with a completion date projected for Q4 2025.
Construction has officially begun on Rivage Bal Harbour, a new ultra-luxury condominium project located in one of South Florida’s most exclusive communities. The project is a collaboration between Related Group, Rockpoint, and Two Roads Development, with architecture by the renowned firm Skidmore, Owings & Merrill (SOM) and interiors designed by Rottet Studio.
Blackline is a cutting-edge real estate sales platform designed to streamline new development sales through technology. Founded by industry veteran Tim Ng who has over 16 years of experience, the platform has already facilitated the sale of 80,000 units in Canada and is now expanding into Miami. Blackline offers tools like interactive floorplans, inventory management, and custom reporting, helping developers and sales teams work more efficiently and make data-driven decisions.
Iconic Luxury Hotels (ILH), renowned for its prestigious portfolio of historic and luxurious accommodations, will unveil its first U.S. property, the Palm House Hotel, set to open in Palm Beach this November. This marks ILH's entry into the American hospitality market, expanding its celebrated collection that includes the famed Excelsior Venice, Cliveden House, and Mayfair Townhouse.
Related Group, along with partners Teddy Sagi, BH Group and Wanxiang America RE Group, have officially broke ground on the Residences at Six Fisher Island, the highly anticipated residential tower set to rise within the country’s most exclusive community, Fisher Island.