A 37,252-square-foot development site known as Block E at 1550 NE Miami Place in the heart of the Arts and Entertainment District has traded for $19.75 million. The site is located within the boundaries of the opportunity zone and is zoned T6-24a O which allows the developer to build up to seven times the property land square footage and up to 500 units per acre.
Read MoreHyatt and Gencom Propose Arquitectonica-Designed Mixed-Use Redevelopment To Activate Downtown Miami Riverfront
Hyatt has teamed up with Miami-based luxury hospitality and residential developer Gencom, with the goal of redeveloping Downtown Miami’s iconic Hyatt Regency Miami, improving access in and out of the urban core, and activating a key piece of Miami’s riverfront. The Hyatt and Gencom venture is proposing a privately funded redevelopment that will comprise a reimagined upscale Hyatt Regency hotel.
Read MoreOkan 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.
Read MoreB&B Italia Is Distilling The best of Italian Living in Miami’s Downtown
Nobody does luxury quite like Italy. From unmatched gastronomy, to revered art and design, the Italian peninsula offers a sense of style unlike anywhere else in the world. This focus on form and beauty has long defined Italian design, whether it be in automobiles, fashion, interior design or home furnishings. Italian design always stands out, with countless attempts to emulate the Mediterranean region’s understated, yet exquisitely refined aesthetic.
Read MoreNaftali Group Acquires Miami Worldcenter Development Site For $41 Million, Plans Two Supertall Residential Towers
The New York-based developer Naftali Group has acquired a development site at 1016 NE 2nd Ave. in Miami Worldcenter for $41 million and is planning two supertall residential towers. The site was acquired in partnership with Cara Real Estate Management. The seller was Akara Partners who acquired the site for $18.8 million in July 2020.
Read MoreMiami Worldcenter Completes Major Milestones Including 50K SF of Retail And 43-Story Bezel Tower
Miami Worldcenter has announced the completion of Block H, adding to the retail and parking components at the 27-acre project as active vertical development continues on the $4 billion mixed-use development in the heart of Downtown Miami. Block H is composed of 50,000 square feet of prime street-level and rooftop retail space.
Read MoreMaster Brokers Forum Listing: Check Out This Trendy Tri-Level Penthouse Overlooking Biscayne Bay In Ten Museum Park
Master Brokers Forum member Scott Klein presents this exquisite tri-level, custom-built lower penthouse with breathtaking picturesque bay, city and ocean views, and the finest details throughout. This 4 bedroom/5.5 bath residence has 4,879 SF 1,749 SF exterior, with soaring 20-foot ceilings and expansive walls of glass.
Read MoreAt The Heart Of It All. Downtown Miami's Metamorphosis Into Global Hub Accelerates
Today, Miami’s Downtown neighborhood may be one of the world’s great cosmopolitan centers, but even just a few years ago, the area was a ghost town by nightfall. According to Sonia Figueroa, Senior VP at Related Group, “Offices would close, and a mass exodus would begin, with thousands commuting to residential areas like Coral Gables or Brickell.
Read MoreCasa Bella By B&B Italia Already 20% Reserved As Related Group And Alta Developers Officially Launch Sales
Related Group and Alta Developers have officially launched sales at Casa Bella by B&B Italia. The project was launched roughly a month ago through predominantly a whisper campaign and has already achieved 20% sold with reservations of $80 million.
Read MoreMiami Sees Second Highest Priced Crypto Sale As Marquis Residences Condo Sells For $7.2 Million
The Downtown Miami market is on fire amidst a number of building launches and splashy sales. Now the City of Miami has seen its first crypto sale of the year as Unit 5306 in Marquis Residences has sold for $7.2 million in Ethereum that was transferred to USD Coin, a digital stablecoin that is pegged to the United States dollar.
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