Commercial Real estate News
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Commercial Real Estate News
Pura Vida, the Miami-based wellness and lifestyle brand, has opened its newest location on Miami’s ultra-exclusive Fisher Island. As the only outside operator on the island, Fisher Island residents and members will no have access to Pura Vida’s health-conscious cuisine.
Miami's prestigious Waterford Business District (WBD) continues to solidify its position as a premier corporate destination with the recent signing of a significant lease by global business services company Assurant. The lease, encompassing an impressive 78,000 square feet, marks the largest office transaction in Miami so far this year, further enhancing the district's reputation as a hub for top-tier businesses.
Lafayette Steakhouse, the latest addition to Miami's vibrant dining scene, is set to open its doors this Friday, promising an unparalleled culinary experience in the bustling Brickell district. Spearheaded by Mr. Hospitality Miami, the owners of Queen Miami Beach and Marion, Lafayette combines the allure of speakeasy culture with European elegance, offering discerning diners a sophisticated retreat amidst the city's dynamic energy.
Mercedes-Benz Places in Miami, the inaugural North American branded residential project, has unveiled its first look inside, marking a significant milestone in luxury living in Brickell. Developed by JDS Development Group in partnership with Mercedes-Benz, this mixed-use development merges modern living spaces with innovative mobility concepts, setting new standards for urban living.
In a significant stride towards expanding quality residential options in Orlando, Royal Palm Companies led by Dan Kodsi and the Mattoni Group proudly announce the securing of an $86 million construction financing loan and the launch of Tuscany Village, a sprawling 420-unit multifamily complex set to enhance the Sanford area.
Palm Beach-based spec home developer Todd Michael Glaser has sold a commercial building in Palm Beach for $3.9 million. Located at 175 Bradley Pl., just four blocks north of The Royal Poinciana Plaza on Palm Beach Island, the 2,145 SF building was acquired by plastic surgeon Dr. Norman & Mia Rowe.
Miami-based real estate investor and Crunch Fitness founder Doug Levine has sold three prime Wynwood retail and office buildings to Eric Benaim, the principal of Benaim X Partners, for $23.5 million. Situated at 2324-2328 North Miami Avenue, 38 Northwest 24th Street, the three buildings total 25,855 SF.
Gale Miami Hotel & Residences and renowned chef Erhan Ozkaya have partnered to bring three new dining concepts to the hotel-condo tower which is nearing completion on Downtown Miami’s Biscayne Boulevard.
WoodHouse, the visionary development company, has announced the highly-anticipated reopening of The Moore in the Miami Design District, marking the beginning of a new chapter for this iconic landmark. Stepping into its next century, The Moore emerges as a vibrant lifestyle and cultural destination, featuring a private members club, boutique hotel, executive offices, gallery space, and the exciting addition of Elastika, a modern-American restaurant set to open its doors to the public this weekend.
Oak Row Equities, a vertically-integrated private equity and real estate development company with over $1.6 billion of development in South Florida, have broken ground on 2600 Biscayne Boulevard, a transformative Class AAA multifamily and office tower in the rapidly-maturing Edgewater neighborhood of Miami.
Model, fashion & jewelry designer Isabela Grutman is set to unveil her highly anticipated flagship store, ISA GRUTMAN, nestled within Miami Design District's Paradise Plaza. The store, slated to open its doors to the public in the first week of May, promises a serene retreat for jewelry enthusiasts seeking refined elegance.
On April 11, 2024, PROFILEmiami hosted PROFILEconnect: A Night at the Museum, the inaugural annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. PROFILEmiami teamed up with ONEsir, Constellation Group, MG Developer, Banesco and Contempo Space to host a sophisticated afternoon.
Miami-based real estate development firm Mast Capital in partnership with AvalonBay Communities, a publicly traded real estate investment trust that invests in multifamily developments, has delivered Avalon Merrick Park. Situated at 3811 Shipping Ave. in the upscale Coral Gables area, the residential community has 254 luxury rental units.
President of Black Lion, Robert Rivani, the real estate and hospitality visionary who has invested over $250 million into Miami real estate in the past few years, is venturing into the commercial office sector with his largest and most ambitious acquisition to date, the $62.5 million purchase of ‘The Lincoln’ in Miami Beach.
Padel enthusiasts and design aficionados alike have a new destination to explore from Reserve, a leading U.S. padel lifestyle brand. Building upon the success of its acclaimed Miami Seaplane Base and NYC Hudson Yards clubs, Reserve has launched a new members-only club in Miami’s Design District, the epicenter of the city's vibrant arts, culture, and shopping scene.
On April 11, 2024, PROFILEmiami will host PROFILEconnect: A Night at the Museum, bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. The panels will explore Women in Real Estate and The Next Generation of Real Estate, leading up to our Legends of Miami panel.
Auberge Resorts Collection, an award-winning portfolio of one of-a-kind luxury hotels, resorts and residences, has been appointed by the Miami-based developer Witkoff and Monroe Capital to manage The Shore Club Resort & Residences, Auberge Resorts Collection in Miami Beach.
Paving the way for a new landmark on the Downtown Miami skyline, a crew of 300 workers across three shifts with the help of 1,200 concrete trucks, will pour the foundation for Okan Tower, the highly-anticipated development set to be one of Downtown Miami’s next major mixed-use megaplex.
The fast-growing 27-acre, $6 billion Miami Worldcenter continues to take form in Downtown Miami as it was recently revealed that an Apple Store is coming to the mega-project, in addition to a recently approved mixed-use tower. Apple has leased 15,000 SF of retail space at 725 NE 1st Ave where construction is already underway.
On March 13th PROFILEmiami hosted its first ever PROFILEconnect real estate networking fitness class at Kobi Karp's Wynwood headquarters with Kobi Karp and Nancy Karp. The high-intensity workout was led by celebrity fitness trainer Starr Hawkins, popularly known as @babymommafit, who energized guests to connect, get fit and unwind with their peers.
New York City-based Fisher Brothers, a fourth-generation real estate company that owns, manages and operates unique spaces across the country, has topped off Wynhouse Miami, a mixed-use multifamily development in the heart of Miami’s Wynwood neighborhood.
Take a ride on the wild side at The Rider at Wynwood, Miami-based Rilea Group’s latest high-end condominium located in Miami’s Wynwood district, the city’s most exhilarating neighborhood. Located at 94 NE 29th Street, the 12-story, 146 turnkey-unit boutique building breaks the boundaries of everyday living.
Renowned Portuguese chef Henrique Sá Pessoa, known for his two-Michelin star restaurant Alma, has unveiled his latest culinary endeavor, Sereia, located in Miami's Coconut Grove district. This venture signifies the beginning of a collaboration between Sá Pessoa and Sault Hospitality, a partnership established by Miami hospitality experts Jourdan Binder, Sven Vogtland, and Alan Drummond.
PROFILEmiami Co-Founder Demetri Demascus had the opportunity to sit down with legendary real estate developer and investor Miki Naftali of Naftali Group, to discuss his career and first project in Miami, the recently launched JEM Residences Miami.
Renowned chef Michelle Bernstein and acclaimed restaurateur Jeffrey Chodorow are set to open their first-ever private restaurant at Five Park Miami Beach. The intimate food and beverage concept will be exclusively available to the residents of the landmark tower which is being developed by David Martin (Terra) and Russell Galbut (GFO Investments).
JDS Development Group and Mercedes-Benz have revealed Mercedes-Benz Places in Miami, a 67-story, mixed-use residential project was designed by SHoP Architects where construction is already underway with an expected completion in 2027. Located at 1 Southside Park, Mercedes-Benz Places is set to deliver over 2.5 million square feet of mixed-use development including 791 branded residences.
Banco Santander has filed plans to develop a 40-story, 765’ tall office tower on their two acre property 1401 Brickell Avenue following their application for a total demolition permit for the existing 14-story office building which was delivered in 1973 currently sits on the property.
PROFILEmiami had the opportunity to sit down with legendary real estate developer and investor Miki Naftali of Naftali Group to discuss his career and first project in Miami, the recently launched Jem Residences Miami. Miki Naftali is the Chairman and CEO of Naftali Group which he established in 2011. Miki has acquired, developed, and managed over $15 billion and 31 million SF in real estate assets. PROFILEmiami joined Miki at the Jem Residences Sales Gallery to learn about his career and why he set his sights on Miami to develop his next project.
Nestled amidst the waters of the Florida Keys sits a rare opportunity, a 26 acre Private Island plus an additional waterfront mainland home within Ocean Reef Club. The private island island features a pool home, 12 one-acre developable waterfront lots, a 20-slip marina capable of accommodating a mega-yacht, three separate apartments, dockmaster office, a white sand beach and two tennis courts which convert to a helipad for a 10 minute flight to Miami.
Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing for the development. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan, which was provided in 2021 by Bank OZK. Completed in Summer 2023, Natura Gardens includes 460 garden-style rental apartments across 23-acres in Miami’s West Hialeah neighborhood.