JDS Development Group, a leading real estate development, construction and acquisition firm, has announced 80% of the residences at Monad Terrace, including all four penthouses, are sold. The most recent closing was of the building's crown jewel, PH-A, for $11.8 million.
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Jay Parker, & Michael Stern
Inside The Miami Beach Market Update Panel Hosted By JDS & Douglas Elliman At Monad Terrace
Douglas Elliman and JDS Development hosted an in-depth panel discussion on July 26 exploring both developing and selling Monad Terrace as well as reviewing Miami Beach's current real estate market. The panel gave listeners insight from industry titans Jay Parker, CEO of Douglas Elliman Florida and Michael Stern, founder and Managing Partner of JDS Development.
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Crescent Heights Strikes Deal With The City Of Miami Beach To Build A 42-Story Tower On Alton Road
According to new reports Crescent Heights has finally struck a deal with the city of Miami Beach to redevelop the former South Shore Hospital site, the three-block lot between Alton and West Avenue from 5th to 7th streets, into a 42-story tower.
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A New Trader Joe's in Miami Beach Breaks Ground, Expected to Open Late 2018
Trader Joe's has broken ground on a new Miami Beach location located at 17th Street and West Avenue. The store is expected to to open in late 2018 and will be Trade Joe's first location on Miami Beach. The storefront will be part of a larger, 5-story project by Turnberry Associates and Elion Partners, which includes 28,000 SF of retail, residences including loft apartments and townhomes as well as 200 parking spaces. The building is being designed by Touzet Studio and Stantec.
Stantec Unveils Southgate Towers Redesign
Stantec has finally completed their Southgate Towers redesign at 900 West Ave on Miami Beach. The bay-front towers were originally built in 1960 before Stantec plowed $40 million into a multi-phase renovation that included renovating the lobby, amenities and units. Southgate Towers will be a rental only building. Leasing began this summer and it was announced that there is already over 90% rented, 495 out of 500 units. Updates include hurricane-proof windows, updated appliances and lighting and modern furnishings. Southgate Towers is located on West Avenue which itself has seen many updates and construction in recent years and allows walking distance access to Starbucks, Whole Foods and The Mondrian South Beach Hotel & Residences.
