Nearly 25 years since launching in the heart of Downtown Miami, preeminent law Firm Bilzin Sumberg is doubling down on its Florida growth strategy with a major office lease that will preserve the firm’s position as one of the major tenants at the 1450 Brickell office tower. The Firm has renewed its lease for nearly 84,000 square feet of space at the Class A building, representing one of the largest law firm footprints in Miami’s urban core.
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INK Entertainment Group To Open Trendy Italian Hotspot 'Sofia' In Miami Design District
INK Entertainment, the restaurant group behind Byblos and Amal, are set to open Sofia in Miami Design District this Fall 2022. The highly-adored Toronto transplant will unveil in Miami as part of the hospitality group’s rapid expansion plans throughout the U.S., officially opening its doors in the very heart of the city’s central arts, culture, and shopping district this Fall.
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IDEA Architects-Designed Tal Aventura Receives Conditional Use Approval
Tal Aventura, a highly anticipated boutique residential building located waterside in the heart of Aventura, has received conditional use approval to progress with a 26-story, 86-residence tower. Developers 2151 Development Group and 2020 Acquisitions have tapped Miami-based IDEA Architects to design the luxury, family-focused condominium, with the majority of residences ranging from 2,500 to 3,500 square feet plus expansive lanai.
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MG Developer and Baron Property Group Secure $148 Million Construction Loan From Post Road Group For Metro Parc
MG Developer and Baron Property Group, in partnership with Township Capital, have secured a $148 million construction loan from Post Road Group for Metro Parc, a 10-story, two-tower apartment rental property located at 955 East 25th Street and 980 East 26th Street in Hialeah, Florida. Metro Parc is a 2.5-acre residential mixed-use development that will rise 10-stories and deliver 559 rental apartments ranging from 500 to 800 square feet.
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Robert Rivani's Black Lion Acquires Restaurant Space at Zaha Hadid's One Thousand Museum For $6.4 Million
Black Lion, led by real estate investor Robert Rivani who specializes in ownership of flagship restaurant properties, has acquired the ground floor restaurant space at the iconic One Thousand Museum by Zaha Hadid for $6.4 million. Rivani’s off-market purchase marks Black Lion’s first deal in the Downtown area, adding to a portfolio of trophy retail properties spanning from Wynwood and Brickell down to Miami Beach.
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SCAROFA Properties Breaks Ground On Luxury Residential Townhome Community In Pinecrest
SCAROFA Properties, a third-generation family business, has begun construction on Pine Park Villas, a luxury townhome enclave in the Village of Pinecrest featuring a limited collection of 18 residences. The private community is the unique vision of Stephane Rosarion, principal of Miami-based SCAROFA Properties, which is developing the $32 million project.
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Thomas P. Murphy Jr. accepting ULI award accompanied by Mike Murphy, Tom C. Murphy, Sean Murphy, John Murphy, Patrick Erin Murphy, Blake Murphy, John Murphy Jr., Ken Fabel, and Jason Anderson
Thomas P. Murphy, Jr. and the Murphy Family Receive Prestigious ULI Lifetime Achievement Award
In recognition for their decades of work building transformative, large-scale projects that have helped reshape the South Florida skyline, The Urban Land Institute Southeast Florida/Caribbean is presenting Thomas P. Murphy, Jr. and the Murphy Family with the prestigious 2022 Lifetime Achievement Award. The Lifetime Achievement Award honors the top leaders and visionaries whose lifetime of work has significantly shaped communities and changed the industry.
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The Allen Morris Company, Xenel International and Principal Real Estate Investors Close On $57.2 Million Construction Loan For Osceola County Multifamily Development
The Allen Morris Company, Xenel International U.S.A. and Principal Real Estate Investors have closed on a $57.2 million construction loan for The Maxwell at Xentury City, a 311-unit multifamily development located in Osceola County. The loan is being provided by Regions Bank. The Maxwell at Xentury City broke ground in September and has a completion date set for the second quarter of 2024.
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Miami Condo Developer Changing The Game
Miami is a mecca for global consumers seeking year-round sunshine, nightlife, and culture, framed by endless sophistication. From stunning scenery and pristine beaches, the Magic City is a feast for the senses. While developers and hospitality visionaries are playing a prominent role making Miami the most photogenic and desirable city to live, work and play, an evolutionary approach to condo ownership is changing the real estate game, led by Harvey Hernandez, founder and CEO of Miami’s Newgard Development Group.
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FARM-TO-TABLE RESTAURANT & MARKET NARBONA OPENS AT COCOWALK
CocoWalk has announced the highly anticipated opening of Narbona Restaurant & Farm Market, a family-owned, epicurean specialty market and restaurant originating in Uruguay in 1909. The concept combines organic ingredients from its farms for a unique farm-to-table culinary experience and retail section where customers can purchase their farm-raised products to enjoy at home.
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