Greybrook Realty Partners, from Toronto, has invested $32.2 million to fund the acquisition of 400 Biscayne Boulevard, which they will develop in partnership with Property Markets Group, PMG. The developers plan to build 690 residential units which will be targeted at millennials and students of Miami-Dade College, with an additional 20,000 SF of commercial space.
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Judge Dismisses Lawsuit Against Miami-Dade County Challenging Land Sale To Miami Beckham United
Miami-Dade Circuit Court Judge Rodolfo Ruiz has dismissed a lawsuit against Miami-Dade County, challenging the future use of Overtown land sold to Beckham and partners on the basis of its acquisition.
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Park-Line West Palm Beach Designed By Stantec
Stantec Releases New Renderings of Park-Line Miami and Park-Line West Palm Beach
Park-Line Miami and Park-Line West Palm Beach have released new renderings of their future lobbies designed by Stantec. Both Park-Line branded residential projects are located next to the All Aboard Florida Brightline Train Stations, helping further connect the South Florida city centers and allowing residents to seamlessly travel between Miami, Fort Lauderdale and West Palm Beach.
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PROFILE Exclusive: Energizing Miami's New Arts + Entertainment District With The Skyline Changing CANVAS
PROFILEmiami had the exclusive opportunity to sit down with Ron Gottesmann and Nir Shoshani, founders of NR Investments and the masterminds behind CANVAS as well as Miami's new, burgeoning Arts + Entertainment District.
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G&G Business Development Announces Aston Martin Residences to Break Ground October 18
Aston Martin Residences at 300 Biscayne Boulevard Way, under development by G&G Business Development, has announced that they will break ground on October 18, 2017. The news follows last month's announcement that G&G Business Development had filed a Notice of Commencement with Miami-Dade County.
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Okan Group Proposes The Sterling, A Mixed-Use, Behar Font-Designed Downtown Hotel Tower
Turkish developer Okan Group has proposed a 73-story hotel project inspired by a tulip in Downtown Miami. The project is being dubbed The Sterling (although renderings show Okan Tower) and is located at 555 N. Miami Avenue.
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PAMM to Open Cucuyo, A Revolutionary 3D-Printed Waterfront Cafe
The Perez Art Museum Miami will open Miami's first 3D-printed cafe named Cucuyo, a waterfront fusion of art and culinary experience. The cocoon shaped café weighs a mere 700 lbs and was designed by South Florida’s Berenblum Busch Architects (BBA) and manufactured by Amsterdam-based MX3D, using innovative 3D printing technology and stainless steel.
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Melo Group Gears Up to Break Ground On Art Plaza In The Arts + Entertainment District
Melo Group is gearing up to break ground on Art Plaza in the Arts + Entertainment District. They have cleared the way after demolishing several apartment buildings on the site adjacent to CANVAS and Square Station at 58 NE 14th Street. The project will feature 2 twin towers which will each rise 36-stories and feature 667 residential units.
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Construction Update: Melo Group Officially Tops Off Downtown's Square Station in Under 1 Year
Melo Group has officially topped off their Downtown residential rental project, Square Station, less than 1 year after breaking ground. Located at 47 Northeast 14th Street, Square Station features 2 twin towers which feature 710 units and 913 parking spaces. Square Station located directly next to the Metromover Station in the Arts and Entertainment District. Rental prices expected to range from $1,600 per month for 1-bedroom units to $2,500 per month for three-bedroom units.
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David Beckham and Partners Make Downpayment to Miami-Dade To Complete Overtown Stadium Assemblage
David Beckham and his partners have made a $450,000 downpayment to Miami-Dade ahead of their September 10th deadline as they move to complete the purchase of the final 3 acres of their 9 acre assemblage in Overtown to bring Miami their future MLS stadium and inaugural franchise. Beckham and his partners are looking to finalize the purchase of the final 3 acres of land currently owned by Miami-Dade via the Water and Sewer Department adjacent to the 6 acres already owned by Beckham. Beckham will not ask for local subsidies to either build or operate the stadium. They also have said they plan to pay full property tax on the land as well as the venue. On December 4, 2015 Beckham and his partners announced that they had executed sales contracts on a nine-acre property in Overtown which was formerly a Miami-Dade Water and Sewer truck depot. Beckham was originally given the option to purchase an MLS franchise when he signed with the L.A. Galaxy in 2007.
Last month we reported that Bruce Matheson had filed a lawsuit against Miami-Dade County, challenging the future use of the land on the basis of its acquisition. Matheson's suit aims to stop the $9 million sale of 3 acres which was sold based on the state of Florida's Economic-Development Law as a no-bid sale and was never offered to other buyers. Matheson has historically been opposed to sport and recreation in Miami, putting the future of the Miami Open in limbo by blocking an expansion to the stadium on Key Biscayne. Miami city officials allege that Matheson's goals seem to be to drive professional sports out of Miami. County commissioners originally approved the sale on June 6 (2017) and Beckham received league approval to officially launch Miami's franchise in August (2017). A hearing is scheduled for October 2017.
