Club Studio
An enticing collection of shops and dining spots in Downtown Miami continues to take shape with three new national retail and restaurant tenants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership has completed leases with a new high-end fitness concept called Club Studio, popular dining spot Earls Kitchen + Bar, and luxury swimwear brand Luli Fama through Leap.
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As Miami’s bustling Brickell neighborhood evolves into one of the nation’s most desirable urban cores, New York-based developer Chetrit Group has announced a transformative new district designed by Kobi Karp that will reimagine over six acres of the Miami River’s waterfront into a premier destination for art, entertainment, music, and culture.
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Miami-based real estate developer Location Ventures has broken ground on URBIN Miami Beach. The milestone marks construction commencement for the first-to-market, mixed-use brand that unites design-forward residences for short- or long-term rental with co-working spaces, wellness amenities, social activations, and lifestyle-oriented retail, all in one central address.
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Alchemy-ABR Investment Partners, a fully integrated New York based real estate development and investment firm, have closed on a development site at 18 NW 23rd Street in Wynwood for $18 million. The property spans 36,079 SF and the acquisition represents Alchemy's first residential project in Florida. Israel Discount Bank provided financing for Alchemy-ABR Investment Partners to purchase the vacant lot.
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Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, have revealed preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami.
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James Beard Award-winning group Hai Hospitality will bring its acclaimed Uchiko restaurant concept to Miami Beach’s popular Sunset Harbour neighbored. Uchiko will be located in Eighteen Sunset, a mixed-use project being developed by Deco Capital. Hai Hospitality signed a lease for 6,000 square feet of street-level restaurant space and is planning to open in 2024.
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Dacra has locked down a $43.5 million loan to refinance a 112,896-square-foot, mixed-use property located in the Miami Design District. Berkadia Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing on behalf of Dacra, the pioneer of the Miami Design District, owning well over one million square feet.
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Miami-based developer Shoma Group has completed its two-tower, 304-unit multifamily rental community in Hialeah, Shoma Village. They will begin welcoming residents to their brand new apartments on August 1. Leased by KW Property Management & Consulting and managed by Shoma MGMT, the development is 65% rented and expected to be fully leased by the end of summer.
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Boynton Beach City Commission has voted unanimously to approve all agreements between the City, the Boynton Beach CRA and Affiliated Development to advance highly anticipated $80+ million mixed-use, mixed-income workforce housing project, The Pierce. Located west of Federal Highway between Ocean Ave. and Boynton Beach Blvd., The Pierce will offer 16,800 SF of restaurant and commercial space and a minimum of 236 apartment units.
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The Estate Companies (EIG), a leading developer of luxury multi-family projects throughout South Florida, has obtained site plan approval from the City of Pompano Beach for Soleste Pompano Beach, an eight-story, mixed-use community with 253 luxury apartments and 4,000 square feet of commercial space at 208 N. Federal Highway in Pompano Beach.
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