ROVR Development, led by Oscar Rodriguez and Ricardo Vadia, is gearing up to break ground on Grand Station Tower at 40 NW 3rd Street in Downtown Miami after first applying for construction permits in March 2018. Grand Station will rise 31-stories, 322’, and will feature 300 apartment residences and 5,000 SF of retail.
Read MoreThe Perkins + Will-Designed Kenect Miami Revealed At Miami Worldcenter
The Chicago-based Akara Partners has revealed their plans for Kenect Miami at Miami Worldcenter. The Perkins + Will and Stantec-designed tower will feature two towers, one rising 39-stories, 410’, and a second rising 79-stories, 810’.
Read MoreThe Choeff Levy Fischman-Designed 224 Bal Bay Drive Breaks Records In Bal Harbour With $24 Million Sale
224 Bal Bay Drive has closed for $24 million after being listed on February 8, 2019 for $24.95 million with Dina Goldentayer of Douglas Elliman. The home was on the market less than 5 months before closing to an undisclosed buyer represented by Sandra Debuire of Coldwell Banker.
Read MoreLil Pump Drops $4.6 Million On LF Development's 1510 Bay Drive On Miami Beach
Rapper Lil Pump has dropped $4.89 million on LF Development’s project at 1510 Bay Dr. Miami Beach, FL which was completed in April and listed with Luis Dominguez and Karl Hueck of Douglas Elliman.
Read MoreMagic City Innovation District Set To Transform Little Haiti After Receiving Final Approval
Magic City Innovation District (MCID), a 17.7-acre Innovation District in Miami’s Little Haiti and Little River neighborhoods, has received a unanimous final approval from the Miami City Commission. MCID spans 6 city blocks and intends to redevelop the Little Haiti and Little River neighborhoods to create a walkable, campus-like neighborhood where individuals from all demographic backgrounds can enjoy a high-quality live, work, play lifestyle. With an emphasis on technology, sustainability, health and wellness and art and entertainment, MCID will contribute to the economic vitality of the area and enhance the appeal of the community.
Renovations and construction commenced in August 2018 on 17 of MCID’s 21 commercial buildings. The project's first phase of commercial development features 200,000 SF of leasable space spread through several modernized warehouses. Designs for the commercial spaces, which range from 300 to 14,000 SF, are spearheaded by a variety of local design firms, including McKENZIE and ELM Architects. MCID anticipates being ready to receive office, retail and other commercial tenants as early as September 2018. Metro 1 is overseeing lleasing efforts for the 17 spaces, geared toward creative-style tenants that align and shape MCID’s atmosphere and further promote foot and auto traffic throughout the neighborhood. The developers will also contribute $31 million to the Little Haiti Revitalization Trust which will be overseen by the city
When complete, the Magic City Innovation District Will feature 3.8 acres of public civic space, 2.18 acres of landscaped pedestrian promenade dubbed the Promenade du Grand Bois, 2,630 residential units, 1,987,686 SF of office, 101,669 SF of expo space, 432 hotel rooms, 344,538 SF of retail, and 6,081 parking spaces. The first 4 tenants to commit to MCID were revealed in Sprinf 2019 including Diana Lowenstein Gallery, Manmar Entertainment (marketing), Ecovie (recycling start-up), and COOL Creative (advertising).
One Thousand Museum Residences By Zaha Hadid Announces Major Milestone As The Ultra-Luxury Tower Receives TCO
The time Miami has been waiting for has arrived. Developers Louis Birdman, Gilberto Bomeny, Gregg Covin and Kevin Venger, have announced that One Thousand Museum Residences by Zaha Hadid Architects has obtained its temporary certificate of occupancy (TCO) indicating the building is now ready for occupancy and closings can commence immediately.
Read MoreAston Martin Residences & Coastal Construction Set For Massive 1,400 Truck 30-Hour Concrete Pour
Construction at Aston Martin Residences is about to shift into the next gear as G&G Business Developments and Coastal Construction are set for a massive concrete pour. The 30-hour pour will require more than 1,400 concrete trucks as construction teams will pour the foundation for the highly-anticipated Aston Martin Residences in Downtown Miami.
Read MoreNewgard Development & Crescent Heights Propose Natiivo Tower In Downtown Miami "Powered By AirBNB"
Harvey Hernandez’s Newgard Development’s NGD Homesharing and Russell Galbut’s Crescent Heights have proposed Natiivo, a 48-story tower planned in Downtown Miami next to Miami WorldCenter. The project, which is designed by Arquitectonica with interiors by Urban Robot, will be “powered by AirBNB” and will feature units specially designed to operate short term rentals.
Read MoreMetronomic Officially Acquires Properties For Phase 1 of Grand Plaza, Coconut Grove's New $74 Million Sustainable Development
Miami-based sustainable real estate developer Metronomic has acquired an assemblage of properties in Coconut Grove to commence development of their “Grand Plaza” mixed-use project. The four-parcel portfolio along Grand Avenue consists of 0.77 acres and was purchased for $6.3 million ($186.67/psf).
Read MorePordes Residential Oversees The Successful Sell-Out Of Peninsula Palm Beach and 101 Bay Harbor
Pordes Residential has recently overseen the sell out two South Florida developments, Peninsula Palm Beach and 101 Bay Harbor, marking the firm’s continued success in South Florida. Peninsula on the Intracoastal is a luxury, waterfront community of 40 luxury condominiums and 30 townhomes, located in Palm Beach County.
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