Alchemy-ABR Investment Partners, a fully integrated New York based real estate development and investment firm, have closed on a development site at 18 NW 23rd Street in Wynwood for $18 million. The property spans 36,079 SF and the acquisition represents Alchemy's first residential project in Florida. Israel Discount Bank provided financing for Alchemy-ABR Investment Partners to purchase the vacant lot.
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Renowned French Artist Richard Orlinski's Iconic Sculptures Take Over Lincoln Road In Time For Miami Art Week
Miami Beach’s Lincoln Road District, one of the country’s most beloved destinations for al fresco shopping, dining, and entertainment, has supercharged its arts and culture experience by showcasing 12 giant, electrifying sculptures by renowned French artist Richard Orlinski. The open-air activation coming to Lincoln Road this winter will feature iconic pieces from Orlinski’s recent Avenue des Champs Elysée exhibition in Paris.
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Scott Sherman Launches Real Estate Investment Firm Torose Equities
Seasoned real estate veteran Scott Sherman has launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States. Torose will be Sherman’s newest venture after successfully launching Miami-based Tricera Capital in 2017 and growing the company to become a household name and key player in major Florida markets.
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Waterford Corporate Centre Trades For $16.9 Million, To Become New Worldwide HQ For Benitez & Company CPA
The Waterford Corporate Centre, a multi-tenant office property which was renovated in 2019, ha sold for $16.9 million. The property is located at 5835 Blue Lagoon Drive, Miami, FL 33126 and spans 61,194 SF. The Waterford Corporate Centre was 97% leased at the time of sale and the tenant list includes The United States Department of Commerce, The State of Florida Department of Education, Volvo Group North America and World Trade Center Miami.
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Bilzin Sumberg Renews 85K SF Office Lease At 1450 Brickell In Miami's Financial District
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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