Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, have revealed preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami.
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Level 6 by Amal Rooftop Lounge and Restaurant Opens In Coconut Grove
Influenced by the world’s swankiest rooftop bars from London to Dubai to Brooklyn to Beirut, Level 6 by Amal has opened in Coconut Grove. Level 6 is a spectacular 4,000-square-foot rooftop lounge and restaurant perched on the sixth floor above the critically acclaimed Amal restaurant with epic views of the sailboats dotting Biscayne Bay, canopies of trees lining Bayshore Drive and the world-famous Miami skyline.
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Terranova Reveals Arquitectonica-Designed Carbon-Neutral Mixed-Use Building On Miracle Mile In Coral Gables
Terranova Corporation, led by Stephen Bittel, has revealed plans for 93 Miracle Mile, the first carbon-neutral building in Florida on Miracle Mile in Coral Gables. The Arquitectonica-designed mixed-use commercial building will use electricity-generating photovoltaic glass and will be the first built under the new Miracle Mile Overlay zoning code.
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Ronny Finvarb and Joseph Chetrit Acquire Macy's Property Near Miami Beach's Lincoln Road For $15.5 Million
Bay Harbor Islands-based Finvarb Group, led by developer and hotelier Ronny Finvarb, in partnership with Joseph Chetrit, have acquired the Macy’s property off of Lincoln Road in Miami Beach for $15.5 million, $152 PSF. The iconic building, which is located at 1675 Meridian Ave., was developed in 1953 and is one of the oldest retail buildings in Miami Beach.
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Credit: Breakwater Hospitality Group.
Breakwater Hospitality Group’s Rivertail Debuts New Summer Menus in Fort Lauderdale
Situated along the New River in Downtown Fort Lauderdale, Breakwater Hospitality Group’s Rivertail has unveiled its new brunch and dinner menus, expanding its seafood-driven selection of creative and bold flavors that have earned the restaurant its reputation as one of the best in town. Under the direction of five-time James Beard-nominated Jose Mendin, Chef Partner at Rivertail, the eatery draws inspiration from international cuisines.
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Pulso Capital Acquires Stellar At Palm Aire Build-For-Rent Townhome Community For $21.5 Million
Pulso Capital has acquired Stellar at Palm Aire, a new build-for-rent community consisting of 39 townhomes located in the center of the Palm Aire Country Club in Pompano Beach, Fl., for $21.5 million, or $551,282 per unit. The sale and financing were overseen by Berkadia. Effective rent in South Florida rose 25.2% year over year, according to Berkadia Research, driven by an influx of new residents and corporate migrations over the last 12 months.
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ZOM Living Opens The First completed Section Of Ludlam Trail Linear Park And Phase 1 Of MiLine Miami Apartments
ZOM Living in a joint venture partnership with Mattoni Group, Scout Capital and AEW Capital Management, have announced the completion of the first phase of the transformative development MiLine Miami. Phase one includes the delivery of 338 luxury, mid-rise apartments, 4,600 SF of restaurant/ brewery space, and 1,300 linear feet of the Ludlam Trail for residents and the public to enjoy outdoor recreational activities such as walking, biking and hiking.
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Black Salmon, Lineaire Group and Bridge Investment Group Top Off Wynwood Haus
Black Salmon, a national commercial real estate investment and development firm based in Miami; Lineaire Group, a Miami-based real estate investment and development firm focused on urban infill projects; and Bridge Investment Group, a leading, national real estate investment and property management firm, have topped off Wynwood Haus at 20 stories.
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Neology Life Development Group Locks Down $57.5 Million Construction Loan For 'Fourteen Residences Allapattah'
Lissette Calderon’s Neology Life Development Group has locked down $57.5 million in construction financing for Fourteen Residences Allapattah, a two tower, 237-unit apartment community located in Miami, Florida. Senior Managing Director Charles Foschini, Managing Director Chris Apone and Senior Analyst Shannon Wilson of Berkadia Miami secured the financing on behalf of Neology Life Development Group.
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Lynd Living Locks Down $22.75 Million In Financing For Miami Worldcenter Site Acquisition
Lynd Living has acquired Block 23 at Miami Worldcenter for $30 million, financed by a $22.75 million acquisition land loan. Block 23 is located between NW 9th and NW 10th Street on North Miami Avenue and is one of the last remaining land sites within Miami Worldcenter, the 2nd largest master planned community in the country, behind New York City’s Hudson Yards. The transaction closed on August 26th.
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