The Chicago-based Magellan Development Group has sold the Midtown Five multifamily asset that they developed in Midtown Miami for $154.35 million, roughly $358,875 per unit. The buyer was an entity tied to the New York-based Sterling Equities.
Read More
Blackstone Group Signs Long-Term Lease At MiamiCentral For South Florida Expansion
Blackstone Group has signed a long-term lease at 2 MiamiCentral in Downtown Miami as the investment group moves forward with their South Florida expansion which was announced in October 2020. Blackstone will occupy 41,000 square feet over two floors in the recently completed 2 MiamiCentral where the group plans to have over 200 employees who will be focused on tech.
Read More
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.
Read More
ARTE by Antonio Citterio Breaks Record With $33 Million Triplex Penthouse Cash Sale In Surfside
ARTE, a new oceanfront luxury condominium developed by Alex Sapir and Giovanni Fasciano, have announced the record-breaking sale of its triplex penthouse for $33 million. The all-cash transaction is Miami Beach’s third most expensive penthouse sale in the last seven years, and represents the highest price per square foot ever recorded in the city’s exclusive Surfside neighborhood.
Read More
SeaGlass Jupiter Island Celebrates Groundbreaking
Fontainebleau Development, LLC, and Perko Development Partners as the local co-development partner, celebrated the groundbreaking of a new oceanfront condominium, SeaGlass Jupiter Island. The condo will feature 21 luxurious residences with unobstructed ocean views and is expected to be completed in fall 2022. Attendees of the ceremony included: Jeffrey Soffer, Fontainebleau Development chairman and CEO
Read More
Fortune International Group Announces $6.6 Million Sale In Herzog & De Meuron-Designed Jade Signature
Fortune International Group has announced the $6.6 million sale of a move-in ready residence, No. 4901, in the developer’s award-winning Jade Signature condominium tower in Sunny Isles Beach. The transaction represents the sale of the last remaining residence outside of Jade Signature’s “The Collection,” a portfolio consisting of the tower’s most luxurious offerings.
Read More
East End Capital Receives Approval For Kobi Karp-Designed Co-Living Project, FOYER Wynwood
East End Capital, led by Jonathan Yormak, received approval from Miami’s Planning & Zoning Department for FOYER Wynwood on December 1. FOYER Wynwood is a co-living, mixed-use project at 2400 North Miami Ave. which is now pending a construction permit and demolition permit for remaining structures on the site.
Read More
Tricera Capital, LNDMRK and Related Group Break Ground On The Dorsey In Wynwood
The Related Group, Alex Karakhanian’s LNDMRK Development, and Scott Sherman’s Tricera Capital have broken ground on The Dorsey in Wynwood. The Dorsey is a mixed-use project which will rise 12-stories and will feature 306 apartment units; 35,000 SF of retail; 70,000 SF of office and 476 parking spaces.
Read More
Brightline And Disney Announce Plans To Build A Train Station In Walt Disney World Connecting To Orlando International Airport And Miami
Brightline has recently announced a plan to build a new train station at Walt Disney World in Orlando, connecting directly to Orlando International Airport and Miami. Brightline, who currently operates trains between Miami and West Palm Beach, has been seeking expansion to Orlando since launching in 2018.
Read More
Wynwood's Newest Class-A Kobi Karp-Designed Office Building, The Gateway, Tops Off
The Gateway has just topped off in Wynwood by R&B Realty Group. The project is a Class-A office building in Wynwood’s emerging neighborhood and new office market. The Gateway will feature 195,000 sq.ft. of leasable office space, private rooftop terrace and 25,900 sq.ft. of retail space on the ground floor.
Read More