News

Two major sales have occurred in January, 2021 , giving this year one brisk jump start!! First major office tower will be the purchase by The Related Company Phillips Point office towers in West Palm Beach for $282 million.

Super Yacht Marina facilities, 24-Hour valet and self-parking option. Charging stations for electric cars, Bicycle and private storage spaces. Digital connection to concierge and all building amenities from every residence. Pet-Friendly.

In the largest sale, a company called Dome Realty dropped $35 million for 11.3 acres at 1174-1185 Hillsboro Mile, which is zoned for multifamily and could house up to 168 units, the Business Journal reported.

5801 S Dixie Hwy, South Miami, FL 33143, USA. The project is a four minute walk from the South Miami Metrorail Station. It will include an eight story building. The student housing development will have a total of 99 units with 326 beds. Each unit will be equipped with a private living room and kitchen.

255 NE 1st St, Miami, FL 33132. Israel’s Mishorim has submitted plans to build Mishorim Towers in downtown Miami in July 2019....Mishorim Towers is proposed to include...

Mixed use project is coming to replace it. Actually this is a former DEA Miami office and warehouse that the Rubell family bought years ago.

Church going mixed use! 1219 and 1239 Northeast Fourth Avenue, Fort Lauderdale, FL.

Miami-based Integra, led by developer Victor Ballestas, recently secured approval from Monroe County for the 280-unit development on Stock Island near Key West. Ballestas said the project could break ground by the end of the year or in the first quarter of next year, and be delivered in the middle of 2022.

The GoodTime hotel coming in 2021! 601-685 block of Washington Avenue , SOBE. Esme in Espanola way coming 2021! 1438 Washington Ave, Miami Beach, FL 33139

Jean Nouvel, the Pritzker Prize-winning architect, considered Miami’s climate and took steps to reduce the carbon footprint of the building when he designed Monad Terrace, his first project in Miami’s South Beach.

Miami-based Massa Investment Group, led by Mathieu Massa, bought the 25,589-square-foot building for $508 per foot.

Villa Valencia brings together world-class services, cutting-edge technology, sophisticated design and a passion for nature in one limited collection of stately sky homes. Entertainment space with billiards and golf simulator

A landowner Miami’s Overtown neighborhood seeks city approval to turn a former chemical site into a multifamily or mixed-use development.

Golf course developments are on the rise! GL Homes is bidding on the Boca municipal 190-acre golf course for $65.75 million !GL Homes, based in Sunrise and led by Misha Ezratti, received approval in 2018 from Palm Beach County to build more than 550 homes on the site.

Amazon will pay the county $22.1 million for the site, which will allow the e-commerce company to build a new distribution center near the Homestead Air Reserve Base, the Herald reported.

Miami Beach City Commissioner Ricky Arriola has withdrawn his sponsorship of a proposed zoning change that would have allowed AIMCO, the real estate investment trust that owns the Flamingo Point multi-family community on Bay Road, to build a new 300-foot luxury tower on a narrow piece of land on the north side of the property. The current height limit there is 140 feet.

The units come with two to four bedrooms and are priced from $2.6 million to $5.6 million. Construction is completed, and the tower is 75 percent sold. Delray Beach-based developer The Kolter Group is the builder.

Big multifamily and land deals are happening in Broward County!

Related Group changes its plans! No more 34-story luxury condo towers on the island!

Paramount Miami Worldcenter on sale and over 100k feet retail coming 2021!! 851 NE 1st Ave, Miami, FL 33132

NR received the green light for the affordable housing-Canvas and Filling Station Lofts and next door builder is going affordable housing. The 29-story Uni tower held a groundbreaking ceremony in August, but actual construction is expected to begin this year.

The developers of Eighteen Sunset, approved as a luxury residential building with retail and restaurant space in Miami Beach’s Sunset Harbour, are now proposing Class A office space as the primary use instead. Located at one of the entrances to the neighborhood in the 1700 blocks of Purdy Avenue and Bay Road, the project was approved in 2018 for 12 residential units, parking, and ground floor commercial space.

A super majority of Miami Beach’s electorate approved the Wolfsonian-FIU’s plans to expand its Washington avenue building! The Wolfsonian-Florida International University is proposing a renovation and 25,000 sq. ft. expansion of its existing museum on Washington Avenue in Miami Beach. In order to do that, it will have to ask voters to allow an increase in Floor Area Ratio (FAR or density)-approved!!

Miami-Dade County’s leased space was on par with that of the second quarter, but compared to the same period last year, 1 million square feet less space was leased. Broward County saw record high asking rents in manufacturing and flex space. Palm Beach County saw record highs in flex space and warehouse asking rents.

Prestigia offered to pay $1.2 million to acquire a 1.89-acre parking lot at 2717 Van Buren Street from the city of Hollywood. The planned development would have two four-story apartment buildings with a total of 63 units and two three-story townhouse buildings with a total of 15 units. The development also would include 111 parking places and a pool, according to a 108-page development proposal that Prestigia submitted to the city.

Construction is completed and buyers have already started closing on their residences! 54-stories and 154 units are awaiting new owners. The luxury condo tower has been in the works for at least five years, and had an estimated sellout of nearly $1 billion, according to documents filed with the New York Attorney General’s Real Estate Finance Bureau in 2015 for the project’s registration in New York.

Riverhouse 555 is created by New York-based architect Carlos Zapata. Design featuring two striking glass-and-steel buildings that resemble cargo ships weighed down by stacks of containers . The development team sought permission to extend the parking component along the project’s frontage and cover it with an artistic or glass treatment and reduce parking requirements by 30 percent, among other waivers. C

Calderon’s TCG Allapattah 14 LLC, an affiliate of Neology Life Development Group, paid $3.6 million for an assemblage at 1470 Northwest 36th Street. P26 LLC, led by Geoffrey Peckham, sold the parcels, which are in an Opportunity Zone.

Come tour 6 designer models and new Westlake Adventure Park complete with lagoon pool, tower slide, BMX pump park, on-site concessions and much more! Also visit 9,000 square foot state-of-the-art sales center with interactive display, a café, children's playroom and interior design center. Brand new single family homes start at $330,000 and go over $500,000, from 1900 sq ft 1-2 stories up to 6 bedrooms!

The building is being designed with a street art installation that flows vertically through the building, representatives of the developer said. The artwork is “uniquely accessible, visible, touchable to be experienced by anyone at any time of the day and night,” an attorney for the developer wrote.The developer says they are designing the building with the pedestrian experience in mind. An angular canopy to provide sun and rain relief is part of the proposal, along with the artwork.

Dixie hwy between 16th avenue north and 17th avenue north, Lake WorthOne developer , two rental brand new projects , one -Lake Worth.Affiliated is in the midst of the construction of the 230 units , called MID.

Fisher Island developer Heinrich Von Hanau just got approved zoning changes to allow for a 57-unit, 10-story condominium building at 6 Fisher Island Drive and 12 single-family homes at 68 Fisher Island Drive. The new projects would bring the total number of residences on the island to 871 . Fisher Island is allowed a maximum of 1,400 residential units.

The 2323 Apartments project will be eight stories and include smaller micro unit apartments. The project will have commercial and office uses on the ground floor, and 116 residences.Parking for up to 129 vehicles will be on the second and third floors.Indoor and outdoor amenities are planned, including a swimming pool above the parking levels.This project plans 47 micro apartments ranging from 385 to 388 square feet. Architect Ivo Fernandez of Modis Architects

The developers said they are considering building live-work units in Allapattah, and plan to have co-working space in the lobby. The existing building is currently leased to retail tenants. GlobalPro Ventures acquired the property in October for $1.9 million, records show.The site is zoned T6-8, which means that they can build up to eight stories high with about 70 to 80 units.

Member only unique 2000 paid residents in gated island golf and marina community. Super safe and secured location with its own landing field , 11+ restaurants ( 24/7 service) , school ( from preK to 8th grade), 36 holes golf, 175 slip marina, art league with different classes , medical center, spa and gym, wiht everything for your pet!

78 Southwest Seventh Street and 98 Southeast Seventh Street , Miami The combined $163 million purchase breaks down to $80.3 million for Two Brickell City Centre and $82.7 million for Three Brickell City Centre. Each building has about 130,000 square feet, which means they sold for roughly $630 per square foot.

It’s a collaborative approach too; developers Terra and Bizzi & Partners Development and their creative team sharing a passion for the city and a belief in the transformative power of good design. For Renzo Piano, Pritzker Prize-winning architect who lives and breathes his art, there’s a serenity to be found in the tension between sky and earth. A serenity that Eighty Seven Park captures so eloquently.

Shipping Avenue Apartments by Mast Capital would have 254 apartments and 825 square feet of retail . The site was approved for 20 stories. Avalon Bay purchased a stake in Mast Capital for the approved plot of land in 2019 .

Most recent home to O Cinema -from 2014, this iconic building might make way to a new development.Seven-story building with 114 micro-size residential units is the offer on the table to replace current legendary theater. The public-private partnership proposal comes from Menin Hospitality and KGTC, which is led by Matis Cohen, Marisa Galbut, Jared Galbut and Keith Menin is on the table at this time...

Shoma Homes is working on 4 developments at the same time! We have also written about the future developement instead of the Volvo dealership in the nearest future. Pura Vida coming to Hialeah!

On the sands of Iconic Millionaire’s Row, Miami’s most beautiful and exclusive stretch of beachfront, sits 57 Ocean—a distinctive building housing just 71 residences that sparkles among its peers. Award-winning architectural firm Arquitectonica has partnered with world-class designers to create a residence that is in complete harmony with its surroundings.

Crescent Heights has submitted plat documents to Miami-Dade County to allow for the redevelopment of the 2900 and 3000 block of Biscayne Boulevard.

Doronin’s OKO Group, through a land trust, closed on 6.7 acres south of the New River and Las Olas Boulevard, an area that has attracted a group of developers, property records show.

1740 to 1760 South Young Circle, Hollywood Publicly held Regency Shopping Centers sold the 3.25-acre Young Circle Shopping Center on the east side of Hollywood’s Young Circle for $4.8 million per acre. Fort Lauderdale firm plans to build a major mixed-use development.

$100 million in sales and closing! 83 Full floor, half floor and duplex residences! Half-floor starts at $5,800,000 and full floor penthouses from $20,700,000! The exoskeleton design of One Thousand Museum was officially debuted last August to high expectations and generated even higher reviews. Some parts of it were created and shipped from Dubai.

Sole Mia 4-billion development moving forward!Shoreline two rental towers with lagoon have been completed and are being rented out currently. 184-acre development will take 10-15 years to finalize. At this time the development has two cleared lots, one for the Villa Sole and University of Miami Health Systems and will build the facility comprising of 225,000 square feet is to span 10 acres. The university is reserving 100,000 square feet should it choose to expand. Treatments from ambulatory care, Bascom Palmer Eye Institute, gastrointestinal services – think cardiology, neurology, urology – and the Sylvester Comprehensive Cancer Center are planned.

Year Built: Third quarter of 2022 South Florida developer and President of Terra, David Martin, and fourth generation Cipriani brothers, Ignazio and Maggio, Co-Founders of the Mr. C brand, have officially broken ground !

2000 Ocean is the result of a careful collaboration between the renowned architects of Taller de Enrique Norten (TEN) Arquitectos, landscape architects from Sasaki, and the Italian interior designers of Minotti and minotticucine, who raise the level of luxury throughout the property. Collectively, their mission was to realize the vision of New York-based real estate developer KAR Properties, thereby setting a new standard for oceanfront living, designed to enhance the lives of its residents.

David Martin -Terra president -offered paying $50 million for the air rights to redevelop the property at 300-344 Alton Road, a price that would be subject to two independent appraisals commissioned by the city.

At the Douglas Road Metrorail station, work is now underway on a $600 million transit oriented development – one of the biggest ever in Miami.

This luxury building of 342 units with 43 stories is open and accepting residents and guests. Related fresh development with condos and resort short term rentals is offering two year paid maintenance. One night as of tonight is being offered for $278.

CMC Group’s newly completed Brickell Flatiron condominium in Downtown Miami’s Brickell Financial District has successfully closed on four upper penthouse residences totaling $31.6 million in finalized sales over the last 90 days. The 64-story tower, built by CMC Group founder and veteran Miami developer Ugo Colombo, was delivered in November 2019, and over 90% of its contracts have already been closed.

New Element hotel offered by Lon Tabachnik on the dry piece of land that has been sitting for a minute.

First of all- if Michael and Gil get their way, Jorge Perez and Edgardo Defortuna will choke on their saliva. This project, even if reduced in size , will change the face of this parking lot on the pictures forever. Earlier this year Dezers finalized the buy of the 3909 Northeast 163rd Street office building in the corner of the plaza. It took them years and legal battles to acquire this piece for $15 million from ASA college.Michael and his wife Neomi paid $63,500,000 for the 26,3 acre property in December 2013.

Old Sears store is going away. According to the developer, the architecture of R.K. Center takes its inspiration from the mid-century modern era in which the original Searstown was developed, while adding modern flare and materials to create a Fort Lauderdale style to the project. Active ground floor uses are proposed around the entire site to present a pedestrian face to all sides. Both food service and street front retail uses are proposed.

Walmart sold the 4.6-acre site at 3055 North Miami Ave for $131 per square foot to Midtown Opportunities, led by Alex Vadia . The former site of Walmart in Midtown Miami sold for $26.4 million . The war waged by Grant Stern with community activists against the 230,000 sq ft Walmart supercenter got won. Now what? Another rental tower? Alex is already behind Midtown 6 development with Magellan Development Group that is currently renting units out.

Brand new , waterfront, good sized, walk to everything, including the beach, guaranteed fiancing with %30 down. That sums it up. Milton and Associates finalizing its last pieces of land in Sunny Isles Beach. We have wrote in previouse post that the developer owns beachfront land , where Monaco hotel is coming up soon and also slated to build up rental tower in the Art and Entertainment district .

It is unclear if the Covid19 had changed this plans, but we will definitely see this year if the development takes off!

The wonderful location site was acquired for almost $75 million with potential of building 3.2 million mixed use project with towers would have a mix of condos, retail, hotel rooms and office space.The project was called 1420 South Miami Avenue, replacing the former Capital at Brickell proposal for the same site. It was suppose to cost $875 million to build and offer EB5 investment visas. Arquitectonica was designing the towers . Two towers would have risen 75 and 73 stories. One tower would have risen 948 feet, with the second at 919 feet.

$97 million financing was obtained for the construction of the two rental towers and a parking garage. The financing will be used to develop two 17-story, 128-unit residential towers – Las Marinas Apartments – next to an existing 336-unit, 16-story rental tower, Marina del Mar. The proceeds of the loan also cover construction of an 8-story, 860-space structured parking garage and new seawall. The Brunetti Organization, a privately owned real estate investment and development firm got the loan.

Miami World Tower phase one is proposed to rise 52 stories at Worldcenter’s Block E. Tower one will include 560 residential units and 3,136 square feet of commercial space, along with 401 parking spaces. New York’s Lalezarian Properties is the developer. The company purchased the site last year from Miami Worldcenter, and submitted the plans this month. NBWW is the architect.

Lets hope the Covid19 wont mess up the plans!! The tower will rise 32 stories, or 373 feet above ground. It will include 279 residential units.Most likely rental units. A parking garage will include about 300 spaces, which is below what is required by zoning. A waiver for 30% reduction in zoning requirements is being requested.

Three story hotel to replace Monaco motel with new Monaco hotel! The old motel was built in 1952 and was demolished in 2019. Construction will soon begin on a new hotel that will also be called The Monaco. An old Travelodge Monaco on the site had been shuttered since an explosion at the Chateau Residences tower next door.

AMLI new rental apartments in Chuita Bananas former site are up fro pre-lease!Pre-leasing is launched with virtual tours online!!The Chicago-based multifamily giant is completing construction of AMLI Midtown Miami, a 719-unit complex at 3000 Northeast Second Avenue in the middle of Midtown!Monthly asking rents for studio apartments start at $1,850, $2,700 for two-bedrooms and $3,900 for three-bedroom units, according to AMLI’s website. Move-ins could begin in June, though it is unclear if the developer is opening the entire project at once.

1800 units are going to be built in this $600 million residential project. River Parc Master Plan is on a 22-acre property in Little Havana, across from Marlins Park and near the Health District and Downtown. There are currently 800 unis there in three public housing developments – Robert King High, Haley Sofge and Martin Fine Villas.

There is an offer on the table for $115 million for the block. if agreed full application had actually been submitted in October 2019, and last month’s filing was only to clarify the project location. Orlando’s Ponte Health is proposing Vertical Medical City on Biscayne Boulevard, and it would include Miami’s tallest building as one of three towers they are proposing for the site.

In total, four more towers are now planned at Brickell City Centre, including One Brickell City Centre, North Block, the Tobacco Road site, and Associated Photo property.

With the new zoning, the Morgan Group Inc. plans six buildings up to four stories tall, around a lake on this 11 acre site.

Storage and land sale on 163 purchased for over $10m by Bizzy and Partners!

Brazilian billionaire developer Jose Isaac Peres submitted plans for a boutique, luxury condo building on Ocean Drive in South Beach.