A JV between Related Group, one of the nation’s most prolific developers, and Merrimac Ventures, a leading South Florida-based real estate investment and development firm, have launched sales of The Crosby Miami Worldcenter. The 31-story tower set within Miami Worldcenter mixed-use development will deliver 450 turn-key residences, free of rental restrictions.
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Related Group and Merrimac Ventures Joint Venture Acquires Miami Worldcenter Development Site For $12 Million
A joint venture between Related Group and Dev Motwani’s Merrimac Ventures has acquired a development lot in Miami Worldcenter for $12 million from Miami Worldcenter Associates. The .6 acre lot is located at 601 North Miami Avenue and 25 Northeast Sixth Street and is currently used as a surface parking lot.
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The Last Development Parcel on The Ultra-Luxury Fisher Island Under Contract to Related Group, Teddy Sagi and BH Group Joint Venture
A joint venture between real estate leaders Related Group, Teddy Sagi and BH Group are under contract on Parcel 7, the last available development parcel in Miami Beach’s historic Fisher Island. The partnership plans to develop an ultra-luxury boutique condominium in what has come to be known as America’s wealthiest zip code.
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Major Food Group To Open Sadelle's In Coconut Grove At Former Tigertail + Mary Retail Condo Which Just Sold For For $5.5 Million
The Related Group and Terra Group joint venture that developed Park Grove in Coconut Grove has sold two retail condos in Park Grove including the former Tigertail + Mary restaurant space. Major Food Group, the restauranteurs behind Carbone and ZZ Sushi Club, will open their Sadelle’s concept at the former Tigertail + Mary space.
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Related Group Launches Casa Bella by B&B Italia At 1400 Biscayne In Downtown Miami
Related Group has launched Casa Bella by B&B Italia at 1400 Biscayne Blvd in Downtown Miami’s Arts & Entertainment District. Casa Bella by B&B Italia will feature 306 units and rise 57 stories. The tower is designed by Arquitectonica and features interiors by Piero Lissoni’s Lissoni & Partners.
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Related Group Locks Down $91.3 Million Construction Loan For Solemar In Pompano Beach
Related Group has locked down a $91.3 million construction loan for Solemar, a luxury oceanfront condo building currently under construction at 1116 N Ocean Blvd. in Pompano Beach. The loan was provided by CIBC Bank USA.
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Related Group Sells New River Yacht Club Multifamily Complex In Fort Lauderdale For $85 Million
The Miami-based Related Group has sold the New River Yacht Club multifamily apartment complex in Fort Lauderdale for $85 million, roughly $341,000 per unit. The buyer is the Harbor City, California-based BJ Verde Properties.
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Related Group Sells Former Headquarters in Downtown Miami For $24.08 Million
Related Group has sold their former headquarters in One Miami after moving to their new headquarters which they recently completed in Coconut Grove. Located at 315 S. Biscayne Blvd. the 34,341 SF office and restaurant building sold for $24.08 million to the Mexico-based Zentrix Industries Limited.
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Take A First Look At Related Group and Barry Sternlicht's 75-Story Baccarat Residences Brickell
Jorge Perez’s Related Group and Barry Sternlicht’s SH Hotels & Resorts have launched Baccarat Residences Brickell, the first project the real estate icons are developing together. Baccarat Residences Brickell continues the legacy of Baccarat Residences New York, which brought in record-breaking sales
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Black Lion Investment Group Acquires Bayfront Amara at Paraiso Property For $12.1 Million From Related Group
The Los Angeles-based Black Lion Investment Group has acquired the trophy waterfront restaurant building Amara at Paraiso, located at 3101 NE 7th Ave., from Related Group. The deal was overseen by Fabio Faerman and Sebastian Faerman of FA Commercial with Fortune International Group,
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