Arlo Wynwood has become the first hotel in Wynwood to break ground. The project is expected to cost $29.6 million and construction will be overseen by Plaza Construction. When complete the hotel will feature 217 pod-style hotel rooms and rise 9-stories with 141,758 square feet of total development.
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Mondrian South Beach Celebrates Reopening Revealing $20 Million Renovation And Baia Beach Club
The Mondrian South Beach has reopened, revealing its $20 million renovation and Baia Beach Club. The 220-room hotel, which is located at 1100 West Ave. in Miami Beach, recently completed a complete renovation including lobby, pool area, gym, spa, restaurant, event space, common areas and guest rooms. The renovation was designed by Peter Oleck and Danny Cubes of OS Design Group.
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Miami Worldcenter Gears Up To Break Ground On Two-Story Mixed-Use Building
Miami Worldcenter Associates are gearing up to break ground on a two story mixed-use building around a pedestrian promenade in Miami Worldcenter after city records show that the developers filed for a construction permit on December 1st. Miami Worldcenter plans to have one level of retail on the ground floor and one level of office space on the second floor, totaling 41,164 sq.ft. between the two stories.
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Urbanica Closes on Two New Lots In Edgewater For Hotel Development Project
Urbanica has recently acquired two new properties located in Edgewater as part of a land assembly that they started two years ago. The two purchased properties are next to each other and located at 237 NE 32 ST and 229 NE 32 ST, the closing price was $1.57M and $1.7M respectively.
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AMS Hospitality Led By Allen Morris Company And Stormont Hospitality Group Partners With Black Salmon To Launch $300 Million Joint Venture
AMS Hospitality, a joint venture between The Allen Morris Company and the Atlanta-based Stormont Hospitality Group, has teamed up with the Miami-based Black Salmon Capital to launch a $300 million initiative to acquire hospitality assets across the United States within the next 18 months.
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Royal Palm Companies Acquires 1.53-Acre Future Site of Legacy Hotel & Residences In Miami Worldcenter For $33.9 Million
Miami Worldcenter Associates, the master developer behind Miami Worldcenter, the $4 billion, 27-acre mixed-use development under construction in the heart of Downtown Miami, has sold a 1.53-acre parcel to Royal Palm Companies (RPC). The transaction includes 66,656 square feet of developable land that was sold for $33.9 million.
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Italian Luxury Brand Bulgari Reveals Bulgari Hotel Miami Beach At The Site Of The Seagull Hotel
Italian luxury brand Bulgari and Blue Horizon Group, led by Nabil Kobeissi, have revealed Bulgari Hotel Miami Beach. The hotel will be the brand’s first hotel in Miami and 11th location worldwide. The developer will renovate and restore the existing 7-story Seagull Hotel, located at 100 21st St., adjacent to The Setai Hotel & Residences and W South Beach.
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CocoWalk Announces New Fashion-Focused Retailers Ahead of Fall Reopening In Coconut Grove
CocoWalk, one of the most highly anticipated mixed-use projects in Miami, has announced new clothing concepts to join their lineup. The open-air lifestyle center is bringing new tenants and energy to the Coconut Grove neighborhood. It is slated to begin its phased reopening later in the Fall along with new fashion-focused tenants. CocoWalk features 150,000 sq.ft. of prime retail and dining space that is currently 80% leased. New brands include Free People Movement, Europann and Late Night Gypsy.
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Fontainebleau Miami Beach Reveals New Renderings Of NBWW-Designed Addition
The Fontainebleau Miami Beach has revealed its proposed Nichols Brosch Wurst Wolfe-designed expansion across the street at 4360 Collins Ave, which is currently a surface parking lot. The buildings would be connected via a 90’-long pedestrian sky bridge that would cross West 44th Street.
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Fontainebleau Miami Beach Exits Special Servicing On $975 Million CMBS Loan
Jeffrey Soffer’s Fontainebleau Miami Beach has exited special servicing on its $975 million commercial mortgage-backed security loan (CMBS). When issued in November 2019, the loan was the largest CMBS hotel loan in South Florida. The loan entered special servicing on March 30 amid the onset of the COVID-19 pandemic and following a modification request.
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