Commercial Real estate News
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Commercial Real Estate News
Access Real Estate and Witkoff have opened The Belgrove Resort & Spa, Autograph Collection in West Palm Beach as part of Marriott International. Opening on December 18, The Belgrove Resort & Spa is located along Lake Mangonia just 10 minutes from the heart of Palm Beach.
Chef Michael White, recognized for six Michelin stars and a James Beard Award, among other prestigious accolades, has opened his first standalone Florida restaurant – MIKA – on Thursday, Dec. 12. Celebrating the bounty of the Mediterranean Riviera, White draws inspiration from the coasts of Italy, France and beyond.
Miami-based developers Rilea Group and Ciprés have negotiated the $1.19 million sale of a 702-square-foot retail space on the ground floor level of the joint venture’s newest development, The Rider Residences, a 12-story, 146-unit luxury condominium set to rise at 94 NE 29th Street at the crossroads of Miami’s Midtown and Wynwood neighborhoods.
Ennismore, the fast-growing lifestyle and leisure hospitality company, and Cain International (‘Cain’), have revealed the first look of Delano Miami Beach to mark the countdown to its reopening in late 2025 after a complete renovation. This first look at the revisited Delano Miami Beach comes as the partnership recently celebrated the opening of Delano Dubai.
Regus, a global leader in flexible office spaces, has secured a long-term lease for the entirety of 429 Lenox, a 45,789-square-foot Class A boutique office building in Miami Beach’s South of Fifth neighborhood. This marks Regus’ largest footprint in the area, reflecting the growing demand for coworking spaces in South Florida.
One Thousand Group, the visionary development team behind some of Miami’s most iconic projects including One Thousand Museum, has announced the successful acquisition and financing of a prime 1.6-acre site in East Edgewater for its newest venture, Tower 36.
Miami Beach’s vibrant dining scene is getting a fresh addition with the opening of KISS, a chic cocktail and tapas bar from the team behind the celebrated Japanese restaurant Kissaki. Officially opened last week in South of Fifth, the venue combines innovative cocktails with globally inspired small plates, offering a unique experience that bridges creative mixology and culinary artistry.
Grupo RosaNegra, the acclaimed Mexican hospitality group celebrated for its blend of elevated Latin American cuisine and high-energy dining experiences, has announced the opening of its first U.S. location in Miami’s Brickell district. The new RosaNegra restaurant is situated in the Dua Miami, Autograph Collection Hotel, formerly the SLS Brickell, and will officially open its doors on December 4, 2024. The space is owned by Robert Rivani, President of Black Lion.
Eighteen Sunset, a highly anticipated mixed-use boutique development in Miami Beach’s Sunset Harbour neighborhood, has achieved full occupancy for its premium office spaces. The 17,708 square feet of Class A+ office space has been fully leased, highlighting the surging demand for luxury work environments in Miami Beach.
OKO Group, the international development firm founded by international investor and real estate developer Vlad Doronin, and Tao Group Hospitality, led by Co-CEOs Noah Tepperberg and Jason Strauss, have announced a joint venture to introduce Miami Members Hospitality.
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.