Property Markets Group, Greybrook Realty Partners and S2 Development have locked down a $33 million pre-construction loan which will be financed by the Miami-based BridgeInvest. The financing will be used to obtain final permits and approvals as well as market the property and launch sales of the residential luxury condominium component.
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KAR Properties Locks Down $103 Million Construction Loan For 2000 Ocean Designed By Enrique Norten In Hallandale Beach
Shahab Karmely’s KAR Properties has locked down a $103 million construction loan for the now under construction 2000 Ocean in Hallandale Beach. The financing is being provided by Apollo Commercial Real Estate Finance, a New York-based real estate investment trust.
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Jo Palma Tabbed To Design The Basel Miami, Reveals New Renderings Of Proposed 36-Story Tower in Downtown Miami
Sean McCormick, whose family has owned 111 SW 3rd St. in Downtown Miami since 1970, has tabbed Jo Palma to design the new 36-story tower that will replace the existing warehouse on the property. Palma was behind the design for Cayan Tower in Dubai which is currently the tallest twisting tower in the world.
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The Enrique Norten-Designed 2000 Ocean Breaks Ground In Hallandale Beach
KAR Properties has officially broken ground on 2000 Ocean in Hallandale Beach, designed by Enrique Norten of TEN Arquitectos. Suffolk Construction is the contractor on the project where sales launched in November 2017 with pricing starting at $2.6 million. 2000 Ocean is expected to be delivered in 2020.
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Voters Approve David Beckham's $1 Billion Freedom Park By Waiving Competitive Bidding On Election Day
New renderings of David Beckham and Jorge Mas' controversial proposal to build one of the biggest private office and retail parks in the U.S. on city owned land, known as Freedom Park, have been revealed.
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Great Gulf Launches Plans For La Clara, West Palm Beach's Newest Luxury Condo
The Toronto-based developer Great Gulf has launched plans for La Clara, their 25-story luxury condo tower coming to West Palm Beach. La Clara will be located at 1515 South Flagler Drive and will feature 83-residences. Great Gulf, who acquired the site for $24 million in September 2016, expects to break ground in March 2019 and deliver the building in 2021.
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Plans Filed To Bring 72-Key Hotel To 111 Wynwood
There is a new mixed-use hotel coming to Wynwood as 111 Wynwood LLC, an entity led by Eduardo Vargas and Andres Hogg, has filed plans to bring a 72-key hotel to the trendy neighborhood right near Wynwood Walls.
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PMG To Bring Waldorf Astoria Hotel & Residences To 300 Biscayne, Set To Become Miami's Tallest Tower
PMG, S2 Development, and Greybrook Realty Partners will build Miami’s tallest tower at 300 Biscayne, which will also feature Miami’s first Waldorf Astoria Hotel & Residences. The 1,049’ tower is being designed by Sieger Suarez and is expected to have a sell-out over $1 billion.
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Lennar Files Plans For Wynwood Green, A Rental Project Replacing Wynwood Yard
America's largest homebuilding, Lennar (LEN), has submitted plans to build Wynwood Green, a 189-unit rental apartment complex at the site of Wynwood Yard. The project would rise 11-stories on the 1.26 acre site and is designed by Dorsky + Yue.
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Crescent Heights Proposes 60-Story Mixed-Use Project At 1370 NE 2nd Ave. In Downtown Miami
Crescent Heights is nearing a final agreement to bring a 60-story mixed-use project to 1370 NE 2nd Ave. The proposal is expected to bring 1,100 residential units split between condos and rentals, 100,000 SF of office space and 1,100 parking spaces.
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