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HFF Secures $550M Loan For Expansion Of Luxury Retail Destination Bal Harbour Shops

HFF Secures $550M Loan For Expansion Of Luxury Retail Destination Bal Harbour Shops

July 9, 2019

Holliday Fenoglio Fowler, L.P. (HFF) has announced that it has arranged $550 million in financing for the expansion of the iconic Bal Harbour Shops, a 463,114 SF, open-air, fully leased global, luxury shopping destination anchored by Saks Fifth Avenue and Neiman Marcus along Miami Beach in Bal Harbour, Florida. The loan is one of the largest construction loans ever to close in Miami.

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In Bal Harbour/ North Beach, Bal Harbour, Bal Harbour/ Surfside, Commercial, Finance & Banking, News, Retail Tags Bal Harbour Shops Expansion, Bal Harbour Shops, Bal Harbour/ Surfside, Bal Harbour, Whitman Family Development, HFF, Holliday Fenoglio Fowler, News, Finance, Financing, Finance & Banking, Construction Loan, Featured, Commercial
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Magic City Innovation District Set To Transform Little Haiti After Receiving Final Approval

July 7, 2019

Magic City Innovation District (MCID), a 17.7-acre Innovation District in Miami’s Little Haiti and Little River neighborhoods, has received a unanimous final approval from the Miami City Commission. MCID spans 6 city blocks and intends to redevelop the Little Haiti and Little River neighborhoods to create a walkable, campus-like neighborhood where individuals from all demographic backgrounds can enjoy a high-quality live, work, play lifestyle. With an emphasis on technology, sustainability, health and wellness and art and entertainment, MCID will contribute to the economic vitality of the area and enhance the appeal of the community.

Renovations and construction commenced in August 2018 on 17 of MCID’s 21 commercial buildings. The project's first phase of commercial development features 200,000 SF of leasable space spread through several modernized warehouses. Designs for the commercial spaces, which range from 300 to 14,000 SF, are spearheaded by a variety of local design firms, including McKENZIE and ELM Architects. MCID anticipates being ready to receive office, retail and other commercial tenants as early as September 2018. Metro 1 is overseeing lleasing efforts for the 17 spaces, geared toward creative-style tenants that align and shape MCID’s atmosphere and further promote foot and auto traffic throughout the neighborhood. The developers will also contribute $31 million to the Little Haiti Revitalization Trust which will be overseen by the city

When complete, the Magic City Innovation District Will feature 3.8 acres of public civic space, 2.18 acres of landscaped pedestrian promenade dubbed the Promenade du Grand Bois, 2,630 residential units, 1,987,686 SF of office, 101,669 SF of expo space, 432 hotel rooms, 344,538 SF of retail, and 6,081 parking spaces. The first 4 tenants to commit to MCID were revealed in Sprinf 2019 including Diana Lowenstein Gallery, Manmar Entertainment (marketing), Ecovie (recycling start-up), and COOL Creative (advertising).

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In Commercial, Construction, Construction News, Construction Update, Design, Little Haiti, Little River, New Construction, News, Office Space, Residential, Retail, Restaurants, Sales Update Tags MCID, Magic City Innovation District, Magic City, Little Haiti, Commercial, Little River, New Construction, Mixed Use, Sales Update, Design Update, Miami City Commission, Featured, Construction, Construction News, Construction Update, News, Office Space, Retail, Residential
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Nexus riverside approved and seT to break grouNd in Q4 2020

July 2, 2019

Adler Developments’ Nexus Riverside is coming to the Miami River after having been approved by Miami city commissioners. The developers plan to break ground in Q4 of 2020 and will bring 4 towers set o be completed in 5-7 years.

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In Downtown, New Construction, Commercial, News Tags Nexus Riverside Central, Downtown, Downtown Miami, New Construction, News
The Arquitectonica-Designed Redevelopment Of Coconut Grove's Historic Pan Am Airways Base Submitted To City

The Arquitectonica-Designed Redevelopment Of Coconut Grove's Historic Pan Am Airways Base Submitted To City

June 30, 2019

Grove Bay Investment Group LLC. has submitted plans to the city for the redevelopment and restoration of Coconut Grove’s historic Pan Am Airways base. Construction on the project is already underway on the parking garage portion of the development.

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In Commercial, Coconut Grove, Construction, Construction News, Construction Update, Design, New Construction, News, Restaurants, Retail, Historic Tags Grove Bay Investment Group LLC, Coconut Grove, News, Historic, Commercial, Retail, Restaurants, Arquitectonica, Pan Am Airways Base, Design, Construction News, Construction, Construction Update, New Construction
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Rieber Developments Closes On $36 Million Construction Loan For Ivory 214

Rieber Developments Closes On $36 Million Construction Loan For Ivory 214

June 26, 2019

The Aventura-based Rieber Developments has announced that they have closed on a $36 million construction loan for Ivory 214. The loan was provided by the Miami-based BridgeInvest and was formally granted to the property’s development LLC, Shalev Development Group.

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In Aventura, Commercial, Construction, Construction News, Construction Update, Finance & Banking, Hotels, New Construction, News, N Miami Beach/ Aventura, Mixed Use, Office Space, Retail Tags Rieber Developments, Ivory 24, Aventura, News, Construction News, Construction, Construction Loan, Construction Update, Financing, Finance, Finance & Banking, Shalev Development Group, Winmar, Winmar Construction, Tapestry Collection by Hilton, Aventura Medical District, Cervera Real Estate, New Construction, Bernardo Rieber, 2820 NE 214 St, Hotel, Hotels, Commercial, Office Space, Retail, Mixed Use, Featured
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Rieber Developments Reveals Mixed-Use 12|12 Aventura In The New Aventura Medical District

Rieber Developments Reveals Mixed-Use 12|12 Aventura In The New Aventura Medical District

June 24, 2019

The Aventura-based Rieber Developments, led by Bernardo Rieber, has revealed plans for 12|12 Aventura, a mixed-used project with offices for medical professionals, a luxury senior living component and vibrant dining and shopping

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In Aventura, Commercial, Design, Medical, Mixed Use, New Construction, News, N Miami Beach/ Aventura, Office Space, Retail Tags Rieber Developments, 12|12 Aventura, Aventura, News, New Construction, Arquitectonica, ID & Design International, Bernardo Rieber, Winmar Construction, Cervera Real Estate, Mixed Use, Commercial, Office Space, Retail, Design Update, Design, Medical
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Newgard Development & Crescent Heights Propose Natiivo Tower In Downtown Miami "Powered By AirBNB"

Newgard Development & Crescent Heights Propose Natiivo Tower In Downtown Miami "Powered By AirBNB"

June 20, 2019

Harvey Hernandez’s Newgard Development’s NGD Homesharing and Russell Galbut’s Crescent Heights have proposed Natiivo, a 48-story tower planned in Downtown Miami next to Miami WorldCenter. The project, which is designed by Arquitectonica with interiors by Urban Robot, will be “powered by AirBNB” and will feature units specially designed to operate short term rentals.

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In Downtown, Investment News, Invest, New Construction, News, Residential, Hotels, Commercial Tags Harvey Hernandez, Newgard Development Group, News, Downtown Miami, Downtown, New Construction, Short Term Rentals, AirBNB, Urban Robot Associates, Arquitectonica, Russell Galbut, Crescent Heights, NGD Homesharing, Natiivo, Invest, Investment News, Commercial, Residential, Hotels, Hotel
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3364-3384 Grand Avenue_luxury Metronomic Officially Acquires Properties For Phase 1 of Grand Plaza, Coconut Grove's New $74 Million Sustainable Development

Metronomic Officially Acquires Properties For Phase 1 of Grand Plaza, Coconut Grove's New $74 Million Sustainable Development

June 17, 2019

Miami-based sustainable real estate developer Metronomic has acquired an assemblage of properties in Coconut Grove to commence development of their “Grand Plaza” mixed-use project. The four-parcel portfolio along Grand Avenue consists of 0.77 acres and was purchased for $6.3 million ($186.67/psf).

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In Coconut Grove, Invest, Investment News, New Construction, News, Residential, Sales Update, Sustainable Building, Commercial, Office Space, Retail Tags Metronomic Inc., Metronomic, Grand Plaza, Coconut Grove, Sustainable Building, Sustainability, News, Sales Update, Investment News, Invest, Ricky Trinidad, Burgos Lanza & Associates, New Construction, Residential, Commercial, Mixed Use, Retail, Office Space
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Alta Developers and Bacardi Foundation's South Miami Town Square Approved In South Miami

Alta Developers and Bacardi Foundation's South Miami Town Square Approved In South Miami

June 6, 2019

Alta Developers and the Facundo and Amalia Bacardi Foundation have been awarded approval by city commissioners to change the zoning needed to move ahead with South Miami Town Square, located at 5850 SW 73rd Street and 7331 SW 59 ave.

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In Commercial, New Construction, News, Residential, Retail, South Miami, Design Tags Alta Developers, Bacardi, Facundo Bacardi, Amalia Bacardi, Bacardi Foundation, Facundo and Amalia Bacardi Foundation, South Miami, South Miami Town Square, News, New Construction, Corwil Architects, Mixed Use, Commercial, Residential, Retail, Design, Design Update
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Okan Tower Releases First Interior Renderings With Groundbreaking Planned For Late 2019

Okan Tower Releases First Interior Renderings With Groundbreaking Planned For Late 2019

June 5, 2019

Turkish developer Okan Group has released the first interior renderings of the Behar Font & Partners-designed Okan Tower in Downtown Miami. The tower is expected to break ground later this year and will rise 70-stories when complete, over 890’.

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In Commercial, Construction, Construction News, Construction Update, Downtown, Interiors, Mixed Use, New Construction, News, Residential, Sales Update, Office Space, Hotels Tags News, Okan Tower, Okan Group, Behar Font & Partners, Behar & Font, Construction News, Construction, Construction Update, Mixed Use, Commercial, Residential, Hotels, Hotel, Office Space, Downtown Miami, 555 N. Miami Ave., Sales Update, Interiors, New Construction
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