Housing Trust Group (HTG), a developer of market-rate and affordable housing, has completed Flagler Station, a new $33 million affordable apartment community located in downtown West Palm Beach, Florida. It is the first new affordable apartment community to be built in the city’s downtown in 30 years.
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The Wharf Miami Set to Close Making Way For Groundbreaking Of Riverside Wharf On the Miami River
The Wharf Miami will close on Saturday, September 16 to make way for the expansion of the venue at the highly anticipated Riverside Wharf development. The iconic entertainment venue has welcomed millions of guests, hosted hundreds of cultural experiences and events, and became a space where countless cherished memories were made for all who have experienced the venue since its doors opened in November 2017.
Read MoreDisruptive Real Estate Brings Edgewater Vertical Development Site To Sale
Disruptive Real Estate, led by Miami power broker Stefano Santoro, has brought a world-class development site in the heart of Miami’s prime bayside in Edgewater, primed for an ultra-luxury hotel or condo project. The property, located at 702 NE 26th St. is currently asking $6.6 million. Totaling 10,000 SF, the site’s favorable zoning, T6-36a-L allows for a variety of development uses with high density and building height.
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Torose Equities, LNDMRK Development and Terranova Corporation Acquire 255 Alhambra Class-A Office In Coral Gables
A partnership among Miami-based real estate investment firms Torose Equities, Lndmrk Development and Terranova Corporation has acquired 255 Alhambra, an approximately 220,000-square-foot Class A office building in downtown Coral Gables. The acquisition gives the JV access to one of Miami’s most sought-after office submarkets.
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PROFILE Exclusive: 12 Questions With Spec Home Specialist Pascal Nicolai of Sabal Development
PROFILEmiami had the exclusive opportunity to sit down with Pascal Nicolai of Sabal Development, one South Florida’s authorities when it comes to spec homes and custom home development, having built and sold total value of over $146 million in custom homes over the past 2 years. Sabal Development made a name for themselves as a vertically integrated developer and builder with over $130 million in luxury custom-built home sales in 2021.
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Clara Homes Receives Site Approval For Third Rental Building At Clara Bay Harbor
Clara Homes, a Miami-based real estate development firm founded by James Curnin, has received the approval for its third building and site plan at Clara Bay Harbor, a three-building ultra-luxury rental community in Miami's Bay Harbor neighborhood. Located from 10200 to 10290 East Bay Harbor Drive, the project's third and final six-story building will feature 77 expansive apartments as the largest of the three, spanning 1.3 acres.
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Robert Rivani's Black Lion Set To Bring Mexican-Based Entertainment Restaurant RosaNegra's First U.S. Location To SLS Brickell
Real estate investor and President of Black Lion, Robert Rivani, is set to bring the U.S. debut of internationally-recognized entertainment restaurant RosaNegra to Miami’s Brickell Financial District. The Mexico-based Grupo RosaNegra signed a 10-year lease with Rivani to occupy the coveted ground floor space at SLS Brickell. Fabio Faerman and Sebastian Faerman with FA Commercial represented both sides of the transaction. The SLS Brickell location will be RosaNegra’s flagship outpost in the U.S. and its sixth location worldwide.
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Alex Karakhanian Sells MiMo Commercial Building On Biscayne Blvd For $6 Million
Alex Karakhanian of LNDMRK Development has sold a trophy commercial building in Miami’s MiMo District fronting Biscayne Blvd for $6 Million. The adaptive-reuse property was sold completely vacant and without any TDRs or TDDs, which are in contract to be sold to a developer. The building, which is located at 6654 Biscayne Blvd, spans 10,500 SF on a 19,200 SF lot
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Case Study: Inside An $80 Million Recapitalization of a Multifamily In Port Orange, FL
Eyzenberg & Company, a real estate investment bank with offices in Miami, New York and Washington DC, recently arranged a unitranche preferred equity and senior debt package to effectuate the pay off of a general partner buy a foreign limited partner on a mid-lease up multifamily property in Port Orange, FL. PROFILEmiami had the exclusive opportunity explore the process with David Eyzenberg, the founder of Eyzenberg & Co.
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Is Miami's Population Actually Shrinking? Is The City In Trouble? Not So Fast The Numbers Say...
Last week headlines from news outlets such as the The Wall Street Journal, the Miami Herald and The New York Times rang out that Miami was in trouble and the population was shrinking fast. The articles closely followed a debacle at Business Insider after the outlet published an article claiming that in 2021 more people had moved out of Florida than either New York or California; but, Business Insider later had to retract and correct the story after one of their writers had mistakenly flipped around the numbers and published with the article.
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