Construction has officially topped off on Melo Group’s East Tower of Downtown 5th, the largest multifamily development built in Downtown Miami’s Central Business District. The project is composed of two towers, with the West Tower expected to top-off later this month. The construction has been underway with rapid speed in the middle of a pandemic as the foundation pour was only 9 months ago.
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Metro Edgewater Gearing Up To Break Ground In Edgewater's Paraiso District
Colombian developer Carlos Ortiz is gearing up to break ground on his planned rental apartment building, Metro Edgewater, which will be located in Edgewater’s Paraiso District. The project recently received FAA approval and is expect to break ground in January 2021 pending the issuance of building permits.
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MG Developer Locks Down $16.5 Million In Equity Financing To Complete Coral Gables Luxury Townhome Projects
MG Developer, led by CEO Alirio Torrealba, has locked down $16.15 million in equity financing to complete two luxury townhome projects in Coral Gables, Biltmore Row and Althea Row. The projects are currently under construction after broking ground in February 2020.
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The Development Of Miami's Most Expensive And Deepest Underground Parking Garage Is Underway
Una Residences condominium will soon have Miami’s deepest underground parking garage with construction underway. The garage will reach nearly 50 feet and three stories below sea level and will become the most expensive underground parking garage in Miami costing developers $25 million to build.
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City Of Miami Approves Wynwood Streetscape Mater Plan Designed by ArquitectonicaGEO
City of Miami Commissioners voted unanimously to approve the ArquitectonicaGEO-designed Wynwood Streetscape Master Plan. The approval follows over two years of public hearings and community workshops. The construction will begin immediately and is funded by the Wynwood Business Improvement District (BID) as well as local property owners.
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Aston Martin Residences Awaits The First Aston Martin DBX SUV To Be Delivered To Miami
Aston Martin Residences Miami awaits breathlessly for the first customer DBX destined to deliver in Miami this month. DBX is the the very first Aston Martin SUV founded on principles of adventure, beauty, luxury and dynamics.
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Construction On Missoni Baia Passes Halfway Point Milestone In Edgewater, On Track For 2021 Delivery
Vertical construction on Missoni Baia, a 57-story waterfront glass tower now rising along Biscayne Bay at 777 NE 26th Terrace in Miami’s Edgewater neighborhood, has reached the milestone halfway mark. The building’s general contractor, Civic Construction, has completed the skyscraper’s 28th floor, with about one full level expected to be completed every week going forward until top-off in March 2021.
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Coral Rock Development Group Closes On $53.5 Million In Construction Financing For Pura Vida Hialeah
Miami-based Coral Rock Development Group has announced that they have closed on a $53.5 million participating construction, mini perm loan for the residential portion of Pura Vida Hialeah, a nine-acre mixed-use project that is transforming Hialeah and is set to be the first of its kind in the area in more than 20 years. Principal Real Estate Investors served as the lender.
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Elysee Reports $30 Million In Sales As Tower Nears Completion This Fall In Edgewater
Two Roads Development plans to deliver their Elysee condo tower in the next 60 days so that residents can enjoy their new home in time for winter as the COVID-19 pandemic and a fast-approaching winter season has sparked demand for South Florida property from northeast buyers.
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Urban X Group Celebrates Grand Opening Of River Landing Shops & Residences On The Miami River
Urban X Group and the Toronto-based H&R Real Estate Investment Trust have officially celebrated the grand opening of River Landing Shops & Residences, located at 1400 NW River Drive along the Miami River. The announcement comes on the heels of the projects completion earlier this year where the first phase of retailers were allowed to open in May 2020.
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