Fort Lauderdale-based Merrimac is now joined by Miami-based high-end apartment developer The Estate Companies. The 340-unit project, at 4 North Federal Highway, has been renamed Soleste Cityline, as in Estate Cos.’ Soleste brand of multifamily developments throughout South Florida, according to a press release. The project was originally called Trion at Dania Beach.
Merrimac sold 2.5 acres of land for the planned community on Wednesday to an affiliate of Merrimac and The Estate Cos. for $8 million. Merrimac bought the land in 2017 for $5 million.
The new Soleste community will feature studios to three-bedroom units, with 600 square feet to 1,200 square feet. It will also feature a pool deck, fitness center, outdoor grilling stations, clubroom and private event space. Estate Companies will develop the residential segment and Merrimac will retain the full, nearly 12,800-square-foot retail portion of the project. The developers plan to break ground in the fourth quarter.
The village council voted last month for a development agreement with an entity managed by Barrington Brothers LLC, a local multifamily developer with projects in the Upper Eastside and Little Havana. As part of the agreement, Barrington, led by Arthur and Ken Barrington, will be able to build an eight-story structure with an option for two bonus stories.Read more
Eighteen developers have expressed interest in building Class A office space on three municipal parking lots in Miami Beach adjacent to Lincoln Road between Alton Road and Meridian Avenue. The City put out a Request for Letters of Interest (RFLI) in November to test the waters as it seeks ways to diversify .Read more
The construction permit was filed. According to the filing, a total of 41,164 square feet of general commercial will be built over two stories.Read more
After three years of discussion, the owners of the iconic International Inn at one of the gateways to Miami Beach have reached agreement with the City to voluntarily designate the property historic in exchange for the right to build an 80-ft tall addition to the hotel. City Commissioners approved the agreement after deferring it for six months due to concerns about the hotel’s operations.Read more
Its Ziff estate in Manalapan or the Il Palmetto, Palm Beach? Formerly listed for $195 million, then $165 million and now asking $115 million this 15,7 acre 33-room mansion with 1,200 feet of frontage on the Atlantic Ocean is seeking its new owner.Read more