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Real Estate

Big News Monday August 8, 2022

By
Cashflow In Miami
on
August 8, 2022

6075 NW 105  CT , DORAL .
Better late than never news of $255 million sale of 631 unit  The Landmark South,Doral.


The Landmark South is ideally situated in an affluent residential neighborhood of Doral. Surrounded by high end homes and townhomes, the community is zoned for highly regarded public schools and is walkable to nearby retail. Completed in two phases in 2017 and 2021, The Landmark South comprises three residential towers connected by a shared garage and market-leading community amenities, which include two resort-style swimming pools, two 24-hour fitness centers, a spa with oakwood saunas, and a pet spa. Featuring floor-to-ceiling windows and premium finishes, the spacious apartment homes include one-, two-, and three-bedroom options ranging from 680 to 1,445 square feet.
Monthly rents range from $2,209 to $3,665, according to Apartments.com.

New York-based JSB Capital Group bought the complex at 6075 Northwest 105th Court from an affiliate of AECOM-Canyon Partners.


100 SE 2 ST Downtown Miami

Iconic Miami Tower trades hands!

LaSalle Investment Management has sold the 631,672-square-foot, Class A, Miami Tower to Sumitomo Corp. of the Americas for $220 million.

LaSalle Investment acquired the asset at 100 S.E. 2nd St. in 2010. During its hold, the Chicago-based investor installed a new lighting system as part of an overall renovation. The seller also repositioned and leased the tower to 92% occupancy.

Designed by renowned architect, I.M. Pei, the iconic Miami Tower consists of 37 stories of office space situated above 10 stories of parking, a Metromover station and ground level retail space. Tenants include Carlton Fields, TotalBank, UBS Financial, Genovese Joblove, Ver Ploeg and the GSA.


North side of Southern Boulevard, just west of Lion Country Safari.
927 lots sale at Arden for $190 million!!


Arden spans 1,210 acres on the north side of Southern Boulevard, just west of Lion Country Safari. It was approved for 2,420 homes and 50,000 square feet of commercial space. Multiple developers, including Lennar, have been building in Arden in recent years as master developer Freehold Communities has sold off each neighborhood separately.

In the recent deal, Highland Dunes Associates Properties, an affiliate of Boston-based Freehold, sold about 927 lots to AG EHG II (LEN) Multi State 2 LLC, an affiliate of Angelo Gordon, for $190 million. County records show Miami-based Lennar (NYSE: LEN) has an option to purchase those lots.

In addition, Lennar sold 102 lots it previously owned at Arden to the same Angelo Gordon affiliate for $17.96 million.

Lennar's website for Arden currently lists 502 home lots available, with prices from $480,990 to $940,990.

Amenities in Arden include a farm with fresh produce and flowers, a playground, a picnic park, lakes with water sports, beach volleyball, a clubhouse, and a pool.

Let me know if would like a lot or two at 786-942-0502!

1315 and 1401 S Flagler dr , West Palm Beach has two towers approved!

Palm Beach-based real estate investment firm Frisbie Group and global real estate development firm Hines have officially unveiled South Flagler House, a two-towered 27-story residential development planned to rise at 1315 and 1401 South Flagler Drive in West Palm Beach, Florida. Designed by Robert A.M. Stern Architects (RAMSA) with Pembrooke & Ives leading interior design, it will be the globally renowned architecture firm’s first luxury residential high-rise in Florida; global design firm Stantec will serve as the architect of record.


South Flagler House features two majestic structures jointly rising from a podium lined with stepped gardens and townhouses. RAMSA’s New Classical architecture will masterfully blend with the timeless Mediterranean and Venetian architectural elegance of Palm Beach, while celebrating a prime waterfront location along Florida’s Gold Coast that provides permanent unobstructed views of the water. The property is slated to be an important new landmark unlike anything else in the market and one of the most significant high-rises ever built in West Palm Beach and South Florida.

South Flagler House will feature 91 carefully curated residences offered in three to six-bedroom homes, penthouses and townhouses. Residents will have access to state-of-the-art wellness facilities, waterfront swimming pools and cabanas, private gardens, porte-cochere and a wide array of additional amenities similar to those found at the most exclusive private members clubs around the world.

3 acres of land price was : $41,500,000

Units expected to fetch about $10 million each.

Interested in a residence, let me know now 786-942-0502!

3151-3251 Federal hwy , Pompano Beach

Mixed use coming Pompano Beach!


Developer Art Falcone won a key approval for a seven-story, 285-unit apartment project with ground-floor retail space on Federal Highway in Pompano Beach.

The city commission voted unanimously on to allocate 285 “flex” residential units to the 6.2-acre development site at 3151-3251 Federal Highway. The commission can allocate such units to increase residential development on a site without rezoning it.

Falcone, co-founder and chief investment officer of Boca Raton-based Encore Capital Management, put the development site on Federal Highway under contract about a year and a half ago, and started planning to develop a multifamily project, his attorney Matthew Scott said at the commission meeting. The Chicago-based owner of the site is 1307 South Wabash LLC.

The site has a commercial land use designation and B-3 zoning, which enabled commissioners to allocate 285 “flex” residential units to Falcone’s development site. The commission’s action reduced the citywide number of flex units remaining to be allocated to 290.

Miami-based MSA Architects designed the multifamily development with four seven-story buildings and two four-story buildings. The shorter buildings, a pool and a dog park are on the west side of the site, next to a neighborhood of single-family homes called Crestwood. The site plan also shows two retail structures with a total of 4

,356 square feet on the east side of the site, along Federal Highway.

MSA also redesigned the exterior of the development’s parking garage to resemble the residential façade of the apartment complex, which drew compliments from several commissioners.

401 N Federal hwy, Hollywood

Alta after new multifamily in Hollywood!


Raimundo Onetto’s Alta Developers paid $23 million for a mixed-use site just north of Young Circle in Hollywood.

The Miami-based developer plans a pair of 18-story towers with 452 apartments on 2.4 acres, according to a news release. The property is at 401 North Federal Highway.

Records show seller Hollywood on the Golf is affiliated with Aventura-based real estate lender Conkreta Group.

Construction is expected to start by the end of 2022.

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