Take a look inside Barstool Sports Founder also known as “Stool Presidente,” Dave Portnoy’s lavish Miami Beach rental while he was in town visiting multiple Miami hot spots just days after announcing his fundraising efforts to help struggling small business owners. Portnoy’s “Barstool Fund” has recently hit $20M in less than one month, helping nearly 100 small business that have struggling due to the COVID-19 pandemic.
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Related Group Files Plans For Redesigned One Island Park By Arquitectonica On Miami Beach's Terminal Island
Related Group has filed redesigned plans to build One Island Park, a proposed Class A office complex on Terminal Island in Miami Beach. The proposal will be reviewing by Miami Beach’s Design Review Board in early February.
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Miami Millionaire's Row $38 Million Penthouse At 57 Ocean Makes Virtual Debut
Multiplan Real Estate Asset Management, the developer behind 57 Ocean on Miami Beach’s Millionaire’s Row, has debuted the building’s new spectacular penthouse in a $180,000 state-of-the-art video that combines reality with the virtual world. DBOX produced the 90-second video that highlights 57 Ocean’s $38 million penthouse.
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Quadrum Global Breaks Ground On The NBWW-Designed Arlo Wynwood Hotel
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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Douglas Elliman Enters Into Jacksonville With Top Producing Agents
Douglas Elliman expanded into Jacksonville’s Ponte Vedra Beach with the addition of the top producing agents of North East Florida, Kim Martin-Fisher and Jennifer Martin Faulkner. Jennifer and Kim has previously worked with Coldwell Banker and sold over $230 million with multiple record-breaking sales since 2019. Both are very knowledgeable of some of the most prestigious neighborhoods in St. Johns and Duval Counties.
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CA Ventures Acquires Student Housing Complex In Boca Raton For $80 Million
The Chicago-based CA Ventures has acquired The University Park student housing complex in Boca Raton for $80 million, roughly $503,000 per unit. The deal was financed with a $52.35 million Fannie Mae mortgage by Grandbridge Real Estate Capital.
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Related Companies To Acquire The Phillips Point Office Complex In West Palm Beach
The New York-based Related Companies, led by Stephen Ross, is under contract to acquire the Phillips Point office complex in West Palm Beach for roughly $282 million. The seller, AEW Capital Management, acquired the property for $245 million in 2015. Related Companies will oversee asset management and leasing.
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Construction On Brightline Rail Connecting Miami To Orlando Passes Halfway Point
Construction on Brightline’s new rail line connecting Miami to Orlando has passed the halfway point. Construction broke ground in April 2019 and is both on schedule and within budget to date. Brightline anticipates that they will be launching service from Miami to Orlando in Q4 2022.
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Magellan Development Group Sells The LEED Certified Midtown Five Multifamily For $154.35 Million
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.
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Zach Vella Buys Waterfront Development Lots On Venetian Islands For Record $15 Million
Celebrity developer Zach Vella has acquired two adjacent waterfront development lots on Miami’s Venetian Islands for his private residence in Miami. Vella paid $15.2 million for 228 and 302 West Dilido Drive, a dirt value of $688 per square foot, which surpasses the Venetian Islands’ record land sale which was previously $6.5 million for 412 West Dilido Drive set in 2016.
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