Developer PMG, led by Kevin Maloney and Ryan Shear, is pleased to announce the acquisition of 400 Biscayne Boulevard for $55 million from the First United Methodist Church of Miami, Inc (FUMC). The project is the third property that Greybrook Realty and PMG have partnered on in South Florida. 400 Biscayne will fall under PMG’s X Social Communities portfolio.
Read MoreDowntown Miami's Planned YOTEL Will Launch As Residential-Hotel Hybrid Concept YOTELPAD Miami
YOTEL, which was approved in July by Miami's Planning & Zoning Department, will launch as the first East Coast location of their new YOTELPAD concept. Located at 227 NE 2nd Street, the YOTELPAD will be a 29 story tower designed by Stantec, will include both 208 residential units and 250 micro-sized hotel units.
Read MoreMiami Worldcenter Releases New Renderings As Developers Seek To Modify Block D
Just days after PROFILEmiami reported that Miami Worldcenter Associates have closed on a $43 million construction loan for the retail component of the $2 billion Miami Worldcenter mixed-use mega-project in the Park West neighborhood of Downtown Miami, the developers have applied for permission to modify their design for Block D.
Read MoreMiami Worldcenter Locks Down $43 Million Construction Loan For Retail Component
Miami Worldcenter Associates led by Art Falcone and Nitin Motwani have just closed on a $43 million construction loan for the retail component of the $2 billion Miami Worldcenter mixed-use mega-project in the Park West neighborhood of Downtown Miami.
Read MoreCentral Fare Food Hall Coming To MiamiCentral Announces Delayed Opening Until Spring 2018
New renderings have been released of Central Fare, the new food hall coming to MiamiCentral in Downtown Miami. Central Fare had originally planned to open in the Fall of 2017, a date which has since been delayed until the Spring of 2018 as MiamiCentral powers towards completion.
Read MoreFlorida East Coast Realty On Track To Begin Construction On KPF-Designed Supertall One Bayfront Plaza In Early 2019
Miami is set to get its first supertall in the fast emerging Downtown neighborhood, as Tibor Hollo's Florida East Coast Realty is gearing up to begin construction on the 1,049', 92-story, Kohn Pedersen Fox (KPF)-designed One Bayfront Plaza in 2019. Demolition of an existing office building on the current site is scheduled for the first half of 2019.
Read MoreConstruction Update: PARAMOUNT Miami Worldcenter Reaches Milestone Halfway Point At 30-Stories
PARAMOUNT Miami Worldcenter has reached a construction milestone halfway mark after completing the 30th floor of the glass tower’s rise. When completed, the tower will rise 60-stories and on course for its top off in summer 2018 with completion anticipated for Q1 2019.
Read MoreReady For Art Basel? Check-Out The New Downtown Site For CONTEXT Art Miami And Art Miami
Art Miami has released a new drone video of their 250,000 SF installation for Art Basel which will house the popular Art Miami and CONTEXT Aft Miami shows. The location at One Herald Plaza, the current Genting property and former Miami Herald site,
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Melo Group Reveals Miami Plaza & Art Plaza In Fast Rising Arts + Entertainment District
Melo Group, one of Miami's leading real estate developers, has fully committed to the quickly transforming Arts + Entertainment District, formally Omni District, in Downtown Miami. After delivering Melody Tower in 2016, their Square Station development, which is nearing completion,
Read MoreThe Broadway Malyan-Designed Cruise Ship Terminal For Royal Caribbean's Symphony of The Seas Is Taking Form In PortMiami
Royal Caribbean's new state-of-the-art cruise ship terminal for Symphony of the Seas, the world's largest cruise ship, is rising fast in PortMiami. Framing of the 170,000 SF, Broadway Malyan-design is already complete and the project is expected to be completed and operating by November 2018.
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