JDS Development Group and Mercedes-Benz have revealed Mercedes-Benz Places in Miami, a 67-story, mixed-use residential project was designed by SHoP Architects where construction is already underway with an expected completion in 2027. Located at 1 Southside Park, Mercedes-Benz Places is set to deliver over 2.5 million square feet of mixed-use development including 791 branded residences.
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Plans Filed For Santander Tower Set To Rise 765' On Brickell Ave
Banco Santander has filed plans to develop a 40-story, 765’ tall office tower on their two acre property 1401 Brickell Avenue following their application for a total demolition permit for the existing 14-story office building which was delivered in 1973 currently sits on the property.
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Demetri Demascus, Co-Founder of PROFILEmiami and Miki Naftali of Jem Residences
PROFILE Exclusive with Developer of Jem Residences Miami Miki Naftali of Naftali Group
PROFILEmiami had the opportunity to sit down with legendary real estate developer and investor Miki Naftali of Naftali Group to discuss his career and first project in Miami, the recently launched Jem Residences Miami. Miki Naftali is the Chairman and CEO of Naftali Group which he established in 2011. Miki has acquired, developed, and managed over $15 billion and 31 million SF in real estate assets. PROFILEmiami joined Miki at the Jem Residences Sales Gallery to learn about his career and why he set his sights on Miami to develop his next project.
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Check Out This Private Island At Ocean Reef Club Asking $75 Million
Nestled amidst the waters of the Florida Keys sits a rare opportunity, a 26 acre Private Island plus an additional waterfront mainland home within Ocean Reef Club. The private island island features a pool home, 12 one-acre developable waterfront lots, a 20-slip marina capable of accommodating a mega-yacht, three separate apartments, dockmaster office, a white sand beach and two tennis courts which convert to a helipad for a 10 minute flight to Miami.
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Terra Closes on $127 Million Refinancing Loan for Natura Gardens Development
Terra and New Valley, the development partners behind Natura Gardens, a new multifamily community in Northwest Miami-Dade County, have secured $127 million in permanent financing for the development. The loan, issued by an affiliate of MF1 Capital, will be used to pay off and refinance an existing $65 million construction loan, which was provided in 2021 by Bank OZK. Completed in Summer 2023, Natura Gardens includes 460 garden-style rental apartments across 23-acres in Miami’s West Hialeah neighborhood.
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CRE Principals…You’re Leaving Money on the Table. A Lot of It.
Smart commercial real estate principals love finding the deal no one else knows about. Yet there’s an obvious deal out there that’s routinely being ignored - something that residential real estate brokers have been taking advantage of for years while CRE entities have been missing out. It’s a stream of impressive profits being left untouched, staring commercial principals in the collective face.
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Nick Jonas and John Varvatos Set to Bring Rooftop Villa One Tequila Gardens To Miami Worldcenter
As Miami continues to evolve as an international destination for culinary innovation and vibrant nightlife, Villa One Tequila, co-founded by celebrities Nick Jonas and menswear designer John Varvatos, is bringing the essence of Mexico’s finest to Miami Worldcenter, the $6 billion mixed-use development activating Miami’s urban core.
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(L-R) Demetri Demascus, Co-Founder PROFILEmiami; Raul Llanes, City National Bank; Michael May, Silverstein Capital; Dan Kodsi, Royal Palm Companies; Katya Demina, Co-Founder PROFILEmiami; Matthew Einheber, Title EQ; Justin Oates, Cain International; Juan Pedro San Martin, Merrimac Ventures
Inside the PROFILE South Florida Capital Markets Summit at E11EVEN Residences Miami
On Wednesday February 7, 2024 PROFILEmiami hosted its inaugural, sold-out South Florida Capital Markets Summit at the E11EVEN Residences Beyond sales gallery in Downtown Miami’s fast growing District 11 and Miami Worldcenter. The exclusive panel featured industry leading developers Dan Kodsi of Royal Palm Companies, Juan Pedro San Martin of Merrimac Ventures and financiers Raul Llanes of City National Bank, Michael May of Silverstein Capital and Justin Oates of Cain International; moderated by Matt Einheber of TitleEQ.
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A nearby lot owned by Michael Simkins with PMG’s E11EVEN Residences Beyond Sales Gallery
Lion Development, PMG and LNDMRK Development Team Up To Purchase Overtown Development Site
Michael Simkins’ Lion Development, Property Markets Group (PMG) and Alex Karakhanian’s LNDMRK have partnered to purchase Overtown’s Block 19 located at 105 NW 11th Terrace for $16.5 million. The 1.5 acre development site will be a Transit Oriented Development (TOD) with a combination of market-rate and workforce housing apartments, along with parking for residents and visitors.
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Meet the Panelists Speaking at The PROFILE South Florida Capital Markets Summit at E11EVEN Residences Miami
On Wednesday February 7, 2024, PROFILEmiami will host its inaugural Capital Markets Summit, bringing together some of the biggest movers and shakers in real estate development in Miami to explore the state of financing and capital markets in the real estate industry. The panel is set to feature industry leaders developer Dan Kodsi of Royal Palm Companies, Dev Motwani of Merrimac Ventures, Raul Llanes of City National Bank, Michael May of Silverstein Capital and Justin Oates of Cain International; moderated by Matt Einheber of TitleEQ.
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