Miami’s Historic and Environmental Preservation Board has approved a proposal by J Cube Development to renovate an existing, aging building at 4141 North Miami Avenue in the Design District and convert the existing structure into modern retail. The renovations of the 15,901 SF structure will be overseen by architect Allan Shulman and will include 2 levels of retail and a rooftop terrace. Remy Jacobson and J Cube Development purchased the building last year for $10.5 million.
Alta Developers Move Ahead with Quadro Mixed-Use Project Next to Design District
Alta Developers is moving ahead with its Quadro mixed-use project at 3900 Biscayne. They plan to build a 198-unit mixed use apartment building with 28,000 SF of commercial space in close proximity to Design District and Midtown. Alta Developers purchased the site for $18.36 million last year. Leasing for the commercial space is already underway. Revuelta will be the architect and Banco de Crédito e Inversiones of Chile will finance the project. Quadro will be 13 stories and will be delivered in 2018.
Area 41 Secures Financing and Moves Forward
Photo Via Curbed Miami
Design District's Area 41 is moving forward after securing financing with a $24.3 million loan from LA based Canyon Partners. Design District Development Partners project located at 112 NE 41st St. will be a 7 story, 8,082 SF mixed-use commercial development. It includes 10,000 SF of showroom and retail space, 20,000 SF of office space and a rooftop restaurant/ lounge. A rift between developers Benjamin Norton of Design District Development Partners and Asi Cymbal almost ruined the project earlier this year but was settled confidentially. Tenants are yet to be announced and leasing will be handled by Chariff Realty Group. First reported by The Real Deal.