Ugo Colombo’s CMC Group has sold the Brickell Flatiron sales center site at 1101 S Miami Ave. for $6.5 million to Retail Ocean LLC. The deal was overseen by Fabio and Sebastian Faerman of FA Commercial, who represented the buyer, and Chris Suarez of CMC Group, who represented the seller.
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KAR Properties and Fortune International Group Buy Out Remaining Reach and Rise Residences at Brickell City Centre
KAR Properties and Fortune International Group have bought out the remaining 81 unit inventory at Reach and Rise Residences at Brickell City Centre, officially marking the sell out of the residential development. KAR Properties and Fortune International Group will be focusing on selling the recently purchased units with Fortune Development Sales leading these efforts.
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The Transit-Oriented Mixed-Use Development CORE Link at Douglas Launches Leasing
The transit-oriented CORE Link at Douglas, a new 312-unit mixed-use multifamily tower, has launched leasing at the intersection of Coconut Grove and Coral Gables. Slated to open in August at 3060 SW 37th Avenue, CORE will become the first tower to open at Link at Douglas.
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Aria Development Group Reveals Short-Term Rental Condo Tower 501 First In Downtown Miami
Aria Development Group has revealed plans and renderings for 501 First, a short-term rental positioned condo tower proposed in Downtown Miami. A building at 501 NE 1st Ave. that dates back to 1924 and previously served as the YotelPad sales center will be demolished.
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The Estate Companies Locks Down $76 Million Construction Loan For Soleste NoMi Beach In North Miami Beach
The Estate Companies, a subsidiary of Estate Investments Group (EIG), has locked down a $76 million construction loan for Soleste NoMi Beach apartments in North Miami Beach. The financing was provided by Bank OZK was arranged by Brian Gaswirth and Michael DiCosimo of JLL.
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The Kobi Karp-Designed Class-A Office The Gateway At Wynwood Powering Towards Completion
The Gateway at Wynwood, the newest Class-A office building in Wynwood’s emerging neighborhood and new office submarket, is powering towards completion in the second half of 2021 after topping off in December 2020 at 13-stories.
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Ian Bruce Eichner's Continuum Company Closes On Bay Harbor Waterfront Development Site, Plan September Sales Launch
Ian Bruce Eichner, developer of the Continuum South Beach, an iconic luxury condo tower in Miami Beach’s exclusive South of Fifth neighborhood, is back in South Florida with a new project involving two of the last large-scale vacant land parcels remaining in Bay Harbor Islands, Florida.
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The Piero Lissoni-designed Villa Collection at The Ritz-Carlton Residences, Miami Beach Now Over 70% Sold
The Piero Lissoni-designed Villa Collection at The Ritz-Carlton Residences, Miami Beach is now over 70% sold since sales launched on February 1, 2021. The sales represent 10 out of the 15 villas in the Collection with total sales volume over $68,390,000 for 10 the units under contract since sales launched February 1.
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Location Ventures Closes On South Beach Assemblage For $20 Million Where Co-Living Project Urbin Miami Beach Is Planned
The Coral Gables-based Location Ventures, led by Rishi Kapoor, has closed on the Washington Avenue assemblage where they have planned Urbin Retreat Miami Beach for $20 million. The acquisition was financed with at $14 million mortgage.
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Aston Martin Residences Reveals 'The Art Gallery' As Construction Passes 53rd Floor
The Aston Martin Residences Miami is creating a permanent art gallery on the 52nd floor of the 66-story luxury tower, which is due for completion at the end of next year. Construction is currently on the 53rd floor and the development is 70% sold to-date.
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