Avra Jain is planning to break ground on the Carlos Zapata and O’Donnell Dannwolf and Partners-designed 555 River House in January 2020. Located on the Miami River, River House will be a mixed-use development with 39 luxury condos, a 175-key hotel, 120,000 SF of office space and 36,650 SF of commercial space.
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Sunset Place Redevelopment Proposal Finally Gets Approved By South Miami
Nearly two years after the South Miami voted against the redevelopment of Sunset Place, the city has now approved the proposal after a special commission meeting where the South Miami City Commission voted unanimously to approve ordinances that allow will give the go-ahead to the developers to revitalize the aging mall.
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Bill Thompson, Nadim Ashi, Tom Murphy, Tom C. & Sean Murphy, & Ramzi Achi
Four Seasons Hotel & Private Residences Fort Lauderdale Tabs Coastal Construction As General Contractor
Following the announcement that Four Seasons Hotel and Private Residences Fort Lauderdale is more than 50% sold, Miami-based development company Fort Partners celebrated the success and progress of the luxury development at an exclusive luncheon announcing their selection of Florida-based construction company Coastal Construction as the general contractor for the project.
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Check Out The Newly Revealed Renderings Of The RTKL-Designed Plaza Coral Gables
New renderings have been revealed of Plaza Coral Gables, the largest project to ever be built in Coral Gables, valued at over $600 million. Construction on the project, which was formerly proposed as Mediterranean Village by developer Ralph Sanchez, is currently underway after Phase 1 broke ground in Summer 2018.
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Miami Beach's Historic Seymour Hotel Designed By B. Kingston Hall Has Sold For $2.2 Million
Miami Beach’s historic Seymour Hotel has sold for $2.2 million after being on the market for 5 weeks with a closing in just 30 days. Designed by famed art deco Architect B. Kingston Hall in 1936, the tropical art deco building features 17 rooms, 12,414 SF total, and is in the center of the nation’s only historic district composed entirely of twentieth-century structures.
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YOTELPAD Miami Reaches 50% Sold Six Months After Launching Sales In Downtown Miami
Aria Development Group, a New York and Miami-based real estate investment and development company, along with joint venture partner, AQARAT, one of Kuwait's leading real estate companies, has announced that YOTELPAD Miami is now 50% sold just six months after launching sales in June 2018.
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PMG, Greybrook Realty Partners & S2 Development Lock Down $33 Million Pre-Construction Loan For Waldorf Astoria Hotel & Residences
Property Markets Group, Greybrook Realty Partners and S2 Development have locked down a $33 million pre-construction loan which will be financed by the Miami-based BridgeInvest. The financing will be used to obtain final permits and approvals as well as market the property and launch sales of the residential luxury condominium component.
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Related Group Sells SLS Brickell Hotel For $43 Million
The Related Group has sold the hotel component of SLS Brickell for $43 million to an entity managed by Francois Faber of Fiduciaire Fernand Faber, who has also signed an agreement with SBE for the continued management of the property.
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Metronomic Reveals $74 Million Mixed-Use Transformation of Grand Avenue in West Coconut Grove
West Coconut Grove, one of the hottest neighborhoods for development in Miami that has seen a massive transformation over the past 3 years, will be getting a massive new mixed-use project on the Grand Avenue corridor. Metronomic is under contract to purchase a 12 property assemblage at 3280-3461 Grand Avenue for $25 million with a closing date set in mid-February 2019. Metronomic, led by Ricky Trinidad, has proposed a $74 million, 297,000 SF mixed-use development that would feature luxury apartments, affordable housing, retail, office space, community parks, public parking and a 44-key hotel. Trinidad hopes receive FAA approval to build a rooftop helipad. The project is designed by Pablo Burgos of Burgos Lanza & Associates and Carl Levin of CLAD Architects.
The project would be built in multiple phases with the first being Metronomic Place, which will feature a boutique office building and the hotel component at 3280 Grand Avenue. Metronomic expects to break ground on Metronomic Place before the end of 2018 after locking down a $6.8 million construction loan financed by Fuse Funding. Metronomic Place will rise 5-stories and will feature the 44-key hotel, 5,000 SF of Class A Office Space, 3,200 SF of ground floor retail. Phase 2 would begin in March after the closing and would include the build-out of the rest of the project to be completed within 2 years. Phase 2 will include 38 furnished micro units, 82 luxury apartments rentals and 40 affordable housing units along with a public area for farmers markets and stage for live performances.
Zyscovich Architects-Designed Wynwood Quarter Project Revealed Including Micro-Units
Bel-Invest’s Zyscovich Architects-designed Wynwood Quarter project has been revealed as the developer has submitted plans for the first building for review by the Wynwood Design Review Committee.
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