PMG, in partnership with Greybrook Realty Partners, has broken ground on X Las Olas, their new mixed-use, purpose-built rental project on Fort Lauderdale's New River. The multi-phase project will include 1,200 residential units, 30,000 SF of ground floor retail space featuring restaurants and shops, and a public plaza along the riverfront.
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PMG Announces Official Acquisition of 400 Biscayne and Plan For XSC Social Community Residential Tower
Developer PMG, led by Kevin Maloney and Ryan Shear, is pleased to announce the acquisition of 400 Biscayne Boulevard for $55 million from the First United Methodist Church of Miami, Inc (FUMC). The project is the third property that Greybrook Realty and PMG have partnered on in South Florida. 400 Biscayne will fall under PMG’s X Social Communities portfolio.
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Greybrook Realty Partners and PMG Unveil Initial Renderings of 400 Biscayne
Just days after PROFILEmiami reported that the Toronto-based Greybrook Realty Partners had invested $32.2 million to fund the acquisition of 400 Biscayne Boulevard, the developer has released initial renderings for the project.
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Greybrook Realty Partners Invests $32.2 Million To Acquire 400 Biscayne Boulevard
Greybrook Realty Partners, from Toronto, has invested $32.2 million to fund the acquisition of 400 Biscayne Boulevard, which they will develop in partnership with Property Markets Group, PMG. The developers plan to build 690 residential units which will be targeted at millennials and students of Miami-Dade College, with an additional 20,000 SF of commercial space.
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