Just days after we reported on Terra Group proposed 385’ Bjarke Ingels-designed tower at 300 Alton Road in Miami Beach’s South of Fifth neighborhood, voters have denied the sale of air rights necessary to develop the project.
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Fontainebleau Miami Beach Reveals New Renderings Of NBWW-Designed Addition
The Fontainebleau Miami Beach has revealed its proposed Nichols Brosch Wurst Wolfe-designed expansion across the street at 4360 Collins Ave, which is currently a surface parking lot. The buildings would be connected via a 90’-long pedestrian sky bridge that would cross West 44th Street.
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Crescent Heights Announces Lease Signed For National Organic Supermarket At Nema In Edgewater
Crescent Heights has announced that a national organic supermarket chain has signed a lease for the ground floor retail space of Nema, which is planned to be developed at 2900 Biscayne Blvd. The name of the grocer chain is yet to be revealed but the location will be its first in the Miami area.
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Check Out The Bjarke Ingels-Designed Tower Terra Group Has Proposed For South of Fifth
Terra Group’s proposal to develop a 385’ Bjarke Ingels-designed tower in Miami Beach’s South of Fifth neighborhood is headed to vote. The tower would rise 30-stories and would feature 60 residential units in addition to 45,000 square feet of commercial space.
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Bell Partners Acquires Boca Raton Multifamily Communities For $94.25 Million
The Greensboro, NC-based Bell Partners has acquired two apartment communities in Boca Raton, The Lumin at Boca Raton and Cade Boca Raton, for $94.25 million. The Lumin at Boca Raton and Cade Boca Raton are located within the Park at Broken Sound, at 5500 Broken Sound Blvd. and 950 NW Broken South Parkway respectively.
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EverWest Real Estate Investors Acquires Hialeah Industrial Property In Off-Market Deal For $13.1 Million
The Denver-based real estate investment firm EverWest Real Estate Investors has acquired an 160,000 square foot industrial property in Hialeah, FL in an off-market deal. The property, which is located at 1101 E. 33rd St., an infill location in the heart of Miami’s Hialeah industrial submarket, was acquired for $13.1 million, or $82 per-square-foot.
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City of North Miami Beach Calls For Revote After Granting Dezer Development Approval To Redevelop The Intracoastal Mall
Just one week after Dezer Development won approval from the North Miami Beach City Commission to redevelop the Intracoastal Mall into a mixed-use project named Uptown Harbour, the Commission has called for a revote without a scheduled date.
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American Landmark Acquires 624-Unit Multifamily Portfolio From RADCO For $100.5 Million
American Landmark has acquired the recently renovated Radius Winter Park and Ashford at Feather Sound communities in Casselberry and Clearwater, FL from the Atlanta-based RADCO Companies. The 624-unit portfolio traded for $100.5 million and the transaction was overseen by CBRE.
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Jon Paul Pérez Is Named President Of The Related Group As The Next Generation Of The Pérez Family Takes the Helm
Jorge M. Pérez and the Related Group have announced the appointment of Jon Paul Pérez as president of the organization, following more than a year of planning alongside Related’s distinguished leadership team. Following the transition, Jon Paul stands poised to continue Related’s legendary track-record of transforming neighborhoods across all sectors, and ultimately expand the firm’s more than four decades of success.
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Ades Family Foundation Acquires Miami Shores Site To Build A Private, Non-Profit Jewish Day School
The Ades Family Foundation has acquired a 3.9 acre assemblage in an opportunity zone near Miami Shores for $5.3 million. The foundation plans to build a 60,000 square foot private, non-profit, Jewish day school which is anticipated to open in 2023.
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