The Avenue Hotel & Residences Coral Gables, a Parisian-inspired neo-classically designed boutique tower and hotel on San Lorenzo Avenue in Coral Gables, has hit 65% percent in pre-construction sales. Located at 351 San Lorenzo Avenue, The Avenue Coral Gables Hotel & Residences is being developed by Roger Development Group, a Coral Gables-based family-owned, fully integrated real estate development and management company.
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Elysee Investments Acquires Retail Property Across From Former Deauville Development Site For $5.5 Million
Elysee Investments, one of Miami Beach’s largest retail owners, $5.5 million sale of 6644 Collins Ave. in Miami Beach, an 8,700-square-foot corner retail property with four tenants. The one-story, freestanding building is located directly across the street from the famed, 3.8-acre Deauville Hotel site, which features 500 feet of beachfront. The Deauville Hotel site has made headlines for years as the famed hotel fell into an unsalvageable state before controversially being demolished.
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Alex Witkoff of Witkoff Group and Shore Club Private Collection (Photo by Glen Allsop, Rendering via The Boundary)
Witkoff Group and Monroe Capital Close On Record-Breaking Loan For Shore Club Private Collection
Witkoff Group, a Miami-based development and investment firm, and Monroe Capital, a premier asset management firm, have closed on a $430 million construction loan for Shore Club Private Collection, which is on track to be one of the fastest-selling luxury developments in Miami Beach’s history. Financed by J.P. Morgan, the loan is believed to be the largest for a residential construction project in South Florida.
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Nick Kyrgios trying YUPIX Meta-Reality™ at the E11EVEN Residences Beyond Sales Gallery - Image via World Red Eye
Nick Kyrgios Spotted Shopping For Miami Real Estate at E11EVEN Residences Beyond in Downtown Miami's District 11
No Wimbledon, No Problem: Controversial Australian tennis star Nick Kyrgios pulled out of the 2023 Wimbledon last minute due to a wrist injury but seems to be enjoying himself away from the court while he rehabs his wrist. At the 2022 Wimbledon, Kyrgios lost in the finals to Novak Djokovic, who, on Sunday (July 9, 2023), was back in London playing at Wimbledon, where he won an intense match against Herbert Hurkacz to advance to the quarterfinals.
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PMG and Greybrook Lock Down $226 Million Construction Loan For Phase 2 Of Society Las Olas
Leading real estate development firm PMG and private equity firm Greybrook have secured $226 million in construction financing for phase two of Society Las Olas, a 42-story apartment community located in Downtown Fort Lauderdale at 140 SW 2nd St. The loan was provided by Related Fund Management and Lubert-Adler. John Moriarty & Associates is the general contractor of Society Las Olas’ second phase, which is currently completing groundwork and is slated for completion in Q1 2026.
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Rendering via Binyan Studio
Honoring Tradition, Defining the Future: The St. Regis Residences, Miami
The St. Regis New York, founded by the visionary John Jacob Astor IV in 1904, played a pivotal role in the evolution of New York City’s Fifth Avenue. Rising as the tallest structure of its time, this architectural masterpiece not only reshaped Manhattan’s skyline, but also served as a pioneering model for innovation and excellence that revolutionized the hospitality industry.
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Diesel Opens New Location In Miami Design District
Diesel has opened a new store in the heart of Miami’s Design District. Located at located at 81 NE 41st Street, the space reflects the brand’s signature bold attitude and its recent transformation under the Creative Direction of Glenn Martens. This store also introduces a new retail design concept that will serve as the visual vocabulary connecting Diesel’s global store fleet.
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MG Developer Locks Down $67.5 Million Construction Loan For The Village at Coral Gables
MG Developer, led by Alirio Torrealba, announces it has secured a $67.5 million construction loan from Churchill Real Estate to build the highly anticipated Village at Coral Gables development, with groundbreaking expected this July. Located at 535 Santander Avenue, is a 48-residence collection that will pay homage to the aesthetic beauty and lifestyle of Seville, Spain, and continue the legacy of the dreamer and founder of Coral Gables, George Merrick, and his vision for “The City Beautiful.”
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Image via Omar Vega
Reserve to Open World-Class Padel Club at SoLé Mia
Reserve, the leading lifestyle padel brand established by entrepreneur Wayne Boich, in collaboration with SoLé Mia, the 184-acre, master planned North Miami community developed by LeFrak and Turnberry, today announce the anticipated addition of Reserve Padel club to the growing development project, expected to open fall 2024. Serving as the brand’s first permanent location in the world, Reserve Padel at SoLé Mia, will be located at 2251 NE 146th Street.
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Fisher Brothers Reveals Wynhouse Miami, Mixed-Use Multifamily Development in Wynwood
Fisher Brothers, a fourth-generation real estate company that owns, manages and operates unique spaces across the country, today announced the start of construction of Wynhouse Miami, a mixed-use multifamily development in the heart of Miami’s Wynwood neighborhood. Wynhouse Miami will rise eight stories and offer 308 rental residences, approximately 26,000 SF of ground floor retail and paseo space and nearly 25,000 SF of expansive indoor and outdoor amenities.
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