Todd Michael Glaser has broken the record on North May Road for most expensive non-waterfront single-family home purchased to date. NBA star Tim Hardaway Jr. closed on the newly developed 6015 North Bay Road for $9.15 million. Nelson Gonzalez of Berkshire Hathaway HomeServices EWM Realty represented the seller in the transaction.
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Shoma Group Acquires 2.5 Acre Transit-Oriented Site in Coral Gables To Develop Shoma One Mixed-Use Multifamily
Miami-based developer Shoma Group has announced its latest acquisition, a 2.5-acre site at 3650 Bird Road, currently home to Deel Volvo, near Coral Gables for $34 million. It will be the site of Shoma One, a mixed-use project with a 391-unit apartment community and a Shoma Bazaar food hall. The development is expected to cost $220 million to build.
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Lotus House Woman's Shelter Reveals Children's Village In Miami's Overtown Neighborhood
Sixteen years after its founding, the nation’s largest women’s shelter is embarking on an ambitious expansion plan that will extend its reach deeper into the Miami community to better serve children and youth. Lotus House, a nonprofit shelter in Miami’s historic Overtown district, is growing its suite of supportive services with the creation of a “Children’s Village”.
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Merrick Manor Sells Out Commercial Spaces With Sales Of Prime Ground-Floor Retail Suite
Merrick Manor continues to generate strong interest from investors seeking Class A commercial real estate in Coral Gables. The luxury mixed-use building developed by the Henry Torres-led Astor Companies, has sold out the commercial spaces following the $5.44 million sale of several retail condominiums, including two units occupied by popular fitness studio Sweat 440.
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ALTARA Properties Reveals Casa Azzura Luxury Townhomes In Coconut Grove
ALTARA Properties has revealed Casa Azzura Coconut Grove, a luxury tropical modern townhome development designed by renowned Venezuelan-architect Mario Bocaranda in Miami’s hot West Grove section of Coconut Grove. The new construction residences are available for purchase and are on track for completion in early 2022.
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Okan Tower Unveils Loft Penthouse Collection As Development Nears Groundbreaking In Downtown Miami
Okan Tower, which is set to become one of the tallest towers in Downtown Miami, has unveiled its exclusive Loft Penthouse Collection. Rising 902’ in the air, the 70-story project’s highly-anticipated Loft Penthouse Collection consists of 14 impressive residences soaring above downtown Miami at the building’s peak.
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Turnberry Development In Partnership With Carlos Rosso Launch One Park Tower By Turnberry at SoLé Mia
Turnberry Development in partnership with Carlos Rosso has announced the launch of ONE Park Tower by Turnberry at SoLé Mia, a luxury condominium reimagined for the next generation. Set within the 184-acre master-planned community of SoLé Mia in North Miami, the 32-story tower will deliver 303 bespoke residences overlooking Crystal Lagoon™
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The Ritz-Carlton Residences, Estero Bay Announces $150 Million In Sales Within 14 Days
Coming to one of Southwest Florida’s last available stretches of waterfront within 500 acres of lush lands are The Ritz-Carlton Residences, Estero Bay, which has achieved $150 million in sales within 14 days since launching the first tower, comprised of 112 condominiums. The property is being developed by the visionary London Bay Development Group.
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West Palm Beach Condo Development Alba Palm Beach Locks Down $82 Million Construction Loan
Private real estate lender Trez Capital funded an $82 million loan to build Alba Palm Beach, a luxurious waterfront condominium project that will soon rise in West Palm Beach, Florida. The new development is located directly on the west bank of the Intracoastal Waterway in the emerging Northwood neighborhood.
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Florida East Coast Realty Sells Brickell Waterfront Development Site For Record $363 Million In Mega-Deal
Florida East Coast Realty has sold a 2.5 acre prime waterfront development site in Brickell in a mega-deal for a record $363 million. The transaction breaks the previous record set when the former Miami Herald site in Downtown Miami sold for $236 million. The buyer paid roughly $145 million per acre, $3,340 PSF dirt value, for the site which is located at 1201 Brickell Bay Drive.
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