MG Developer, led by Alirio Torrealba, in partnership with Prosper Group, led by Jay Roberts, acquired a development site for a mixed-use project on North Bay Village for $30.9 million. The acquisition includes two waterfront parcels totaling 42,750 square feet located at 1681 & 1725 Kennedy Causeway.
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Adam Neumann Launches First Condo Project at Miami Worldcenter
Adam Neumann, co-founder of Flow, has announced the launch of his first condominium development project in Downtown Miami, marking Flow's expansion into the ownership market. The project, named Flow House, will be located in Miami Worldcenter and will include 466 units spread across 40 stories. Slated for delivery in 2025, Flow House will offer luxury living with a range of amenities, including coworking spaces, a fitness center, poolside restaurant, and spa.
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Douglas Elliman Launches Sales at Ocean Glass Residences
Ocean Glass Residences, an exclusive community of 28 luxury townhomes, recently launched sales with Douglas Elliman Real Estate. Located at 10101 South Ocean Drive on Hutchinson Island, the development offers residents a unique combination of waterfront living and modern sustainability features.
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BH Group, PEBB Enterprises and Related Group Acquired Mixed-Use Shopping Center Development Site For $48.5 Million In Fort Lauderdale
BH Group, PEBB Enterprises and Related Group have closed the $48.5 million acquisition of a waterfront mixed-use shopping center with fully entitled development rights in Fort Lauderdale. The joint venture plans a transformative mixed-use project with brand-new residences, retail and restaurant space.
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Continuum Company Expands North Bay Village Assemblage With Acquisition of Waterfront Property and Marina
Continuum Company has expanded their North Bay Village assemblage with the acquisition of Shuckers Waterfront Bar & Grill and Best Western On The Bay Inn & Marina in North Bay Village. An acquisition and pre-construction development loan was secured for $67.5 million from Longline Financial.
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Shoma Group Unveils New Mixed Use Project Shoma 88
Shoma Group, a prominent Miami-based developer, has introduced Shoma 88, a mixed-use development poised to redefine the living experience in Kendall. This project signals a significant stride for Shoma Group, highlighting their dedication to providing housing options that blend affordability with luxury living experiences.
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Royal Palm Companies Secure $86 Million Financing for Tuscany Village
In a significant stride towards expanding quality residential options in Orlando, Royal Palm Companies led by Dan Kodsi and the Mattoni Group proudly announce the securing of an $86 million construction financing loan and the launch of Tuscany Village, a sprawling 420-unit multifamily complex set to enhance the Sanford area.
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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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(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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