Miami-based real estate development firm Ytech has commenced demolition of the existing structure at 1428 Brickell Avenue, the future location of luxury high-rise condominium The Residences at 1428 Brickell. Ytech has owned the now-vacant property since January 2017, which previously housed 100,000 square feet of office space.
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GENCOM RETAKES MAJORITY OWNERSHIP IN RITZ-CARLTON KEY BISCAYNE RESORT IN MIAMI
Affiliates of Gencom, an international owner, developer and manager of hospitality and residential properties, has retaken majority ownership in the 291-key Ritz-Carlton Key Biscayne. The transaction was financed by Citigroup and affiliates of KSL Capital Partners, LLC for an undisclosed amount.
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THE CONCOURS CLUB TOPS OUT EVENT CAMPUS AT THE MEMBER-ONLY LUXURY MOTORSPORT RESORT
The Concours Club, the exclusive, members-only motorsport and luxury lifestyle resort within the Miami-Opa Locka Executive Airport, and Coastal Construction, have topped out the highly anticipated Event Campus at The Concours Club. The Event Campus adds another venue to the Club’s array of existing settings and is ideal for private events, corporate team-building, vehicle unveilings, etc.
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Clara Homes Closes On $7.7 Million Residential Site in Miami's Wynwood Neighborhood And Reveals Kobi Karp Designed Renderings
Clara Homes, a Miami-based real estate development firm founded by James Curnin, has closed on a $7.7 million residential development site in Miami’s trendy Wynwood neighborhood. Located at 2601 NW 6th Avenue, the 17,000-square foot site is planned to become a 154-residence luxury rental building designed by architect Kobi Karp.
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MG Developer Locks Down $11.5 Million Land Acquisition Loan And Reveals Plans For "The George" Luxury Townhomes
MG Developer, a leading real estate development firm led by Alirio Torrealba, has successfully closed a $10 million loan for the acquisition of prime land in Coral Gables. This strategic move is a testament to the visionary work of MG Developer which marks a significant milestone, as it sets the stage for the development of 13 more exclusive ultra-luxury townhomes.
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Whitman Family Development Reveals Mixed-Use Luxury / Workforce Housing Development Within Bal Harbour Shops Complex
Whitman Family Development, the family-owned company that pioneered the concept of an open-air retail destination with the creation of Bal Harbour Shops, has submitted plans for a mixed-use development that will further enhance the 18-acre property with the addition of attainable and market-rate residences and a boutique hotel in the heart of the commercial district of the Village of Bal Harbour, Florida.
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Terra and Grass River Property Complete Grove Central Transit Oriented Mixed-Use At Gateway to Coconut Grove
Terra and Grass River Property, two of the deepest-rooted development firms in Miami’s Coconut Grove neighborhood, have completed construction of a new mixed-use multimodal complex that exemplifies smart development in South Florida. Grove Central, located at the intersection of US-1 and SW 27th Avenue, includes a 23-story residential tower with 402 multifamily, workforce and co-living units.
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CMC Group Locks Down $239 Million Construction Loan for Vita at Grove Isle in Coconut Grove
CMG Group, led by Ugo Colombo, has locked down a $239 million construction loan for Vita at Grove Isle, an ultra-luxe boutique condominium under construction on the exclusive private island of Grove Isle situated just offshore of Miami’s Coconut Grove neighborhood. The financing was provided by Bank OZK to fund the ongoing development of the seven-story condominium.
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MOTEK Opens Largest Location To Date In Brickell City Centre
MOTEK, the acclaimed Israeli Mediterranean-inspired bistro, has continued its expansion with the opening of a new location at Brickell City Centre. Known for its vibrant flavors and genuine interpretation of traditional Mediterranean-inspired cuisine, MOTEK’s largest expansion extends its reach within one of the city's premier culinary destinations.
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THE FIFTH MIAMI BEACH Locks Down $47.3 Million In Construction Financing From Cain International
International recognized real estate development firms, Sumaida + Khurana and Bizzi+Bilgili, a partnership between Bizzi & Partners with Serdar Bilgili, have locked down a $47.3 million construction loan for THE FIFTH MIAMI BEACH, a five-story Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza in Miami Beach’s South of Fifth neighborhood.
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