The Miami-based Related Group, along with partner Alex Karakhanian at LNDMRK, have acquired 18,000 sq. ft. land parcel encompassing three adjoining sites in Miami’s Edgewater neighborhood. Located at 519, 525, and 535 NE 29th Street, the land overlooks Biscayne Bay and provides easy access to MacArthur Bridge, connecting Edgewater to Miami Beach, and to I-195, leading north to Fort Lauderdale and Palm Beach. Related and LNDMRK paid $12 million for the largely undeveloped site.
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Rendering by Binyan Studios
FIRST ON PROFILE: Swire Properties Reveals One Island Drive Including 'The Residences at Mandarin Oriental, Miami' Set To Rise Over 800' On Brickell Key
FIRST ON PROFILE: Swire Properties has revealed the first official details of One Island Drive, an unparalleled residential and hospitality destination set within a secluded island sanctuary moments from Miami’s vibrant urban core. Surrounded by waterfront vistas, One Island Drive will be one of the crowning achievements of Swire Properties’ portfolio of world-class properties and is destined to be a defining landmark on the Miami skyline.
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Demolition Underway At Future Waterfront Site of Olara In West Palm Beach
Demotion has commenced on the future waterfront site of Olara in West Palm Beach, a luxury condominium tower that overlooks the Intracoastal Waterway. Olara is being developed by Savanna, a vertically integrated real estate investment and development firm with offices in New York and West Palm Beach. Set to transform he waterfront of North Flagler at 1919 North Flagler Drive, Olara will deliver premier condominium residences, 80,000 square feet of exclusive amenities.
Read MoreSwire Properties and Related Companies Commence Demolition On Future Site of One Brickell City Centre Supertall Office Tower
Swire Properties Inc. and Related Companies have commenced demolition on the site of the future One Brickell City Centre, an approximately 1,000-foot supertall tower that will be the tallest commercial building in Florida. On Thursday May 4 one of the buildings on the site was partially demolished with Miami Mayor Francis X. Suarez, Henry Bott, the President of Swire Properties and Stephen M. Ross, the Chairman and Founder of Related Companies in attendance.
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Investment Group Led by David Martin Set To Acquire Former-Miami Herald Development Site For $1.225 Billion
SmartCity Miami LLC, an investment group led by Miami-based Terra and it’s CEO David Martin is set to acquire the former-Miami Herald headquarters development site for a record $1.225 billion from Genting Group. The investment group has finalized terms for the acquisition of the 15.5-acre site which features 800’ of direct frontage on Biscayne Bay, the closing is set to take place later this year.
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Genting Group Draws 5 Bids Over $1 Billion For The Former-Miami Herald Waterfront Development Site
Genting Group has received five bids over $1 billion following a marketing period led by Avison Young’s Florida Capital Markets Group for the former Miami Herald site in Downtown Miami, one of the largest and most valuable development sites in the United States. The largest bid values the property at just under $1.5 billion for the rare Omni District waterfront site. The land is a ±15.5-acre development opportunity which was dubbed BayCity Miami.
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Rilea Group Acquires Final Parcels To Complete Assemblage for Mohawk Wynwood
Rilea Group has closed on an expansion of its assemblage for its rental project Mohawk at Wynwood for $5.7 million, represented by Alfredo Riascos of Gridline Properties. The seller was represented by Alfonso Jaramillo of Fortune. The purchase brings Mohawk’s site to 78K square feet, which sits adjacent to its short-term luxury rental property, The Rider Wynwood.
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Mega Mixed-Use Development Wynwood Plaza Locks Down $215 Million Construction Loan
L&L Holding Company, Oak Row Equities and Shorenstein have locked down $215 million in construction financing for Wynwood Plaza, a mega mixed-use development on a 2.85-acre site in Miami’s Wynwood Arts District. Managing Director Scott Wadler and Vice President Michael Basinski of Berkadia South Florida secured the financing on behalf of the developers.
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Sabal Development Acquires Miami Beach Spec Home Site Overlooking La Gorce Country Club Golf Course
The Miami-based Sabal Development has closed on a 12,000+ SF development site which overlooks the La Gorce Country Club golf course for $4.2 million. The property is located at 5440 La Gorce Drive in Miami Beach and will be developed into a Choeff Levy Fischman-designed tropical modern spec home.
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Genting Group Seeking Over $1 Billion For One Of The Largest And Most Valuable Waterfront Development Sites In The U.S.
Genting Group is seeking over $1 billion for its Omni District waterfront land, a ±15.5-acre development opportunity dubbed BayCity Miami at 1431 N Bayshore Drive in Miami. With 800 linear feet of direct Biscayne Bay frontage and highly aggressive zoning, it is considered the most desirable development sites and one of the largest waterfront land assemblages currently available in the U.S.
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