Related Urban, 13th Floor, Merrimac gamble on $10B downtown Miami project bid

Only one of three all-star development teams is bidding on the opportunity to build a $10 billion mixed-use complex in partnership with Miami-Dade County, The Real Deal has learned. This month, a joint venture between Related Urban, 13th Floor Investments and Merrimac Ventures submitted its proposal to develop MetroCenter. It’s an ambitious reimagining of government-owned…

13th Floor, Barings Receive $125M Construction Loan for Phase II of Miami Transit-Oriented Multifamily Development

South Florida-based developer 13th Floor Investments, in partnership with Barings, has received a $125 million construction loan for the second phase of Link at Douglas, a transit-oriented multifamily development in Miami. A syndicate of Santander Bank and TD Bank provided the loan. Known as Cadence, the project marks the third multifamily building at Link at Douglas…

13th Floor, Barings nab $125M construction loan for Miami apartment project

13th Floor Investments and Barings secured $125 million in financing for a Miami multifamily project that’s under construction. A syndicate of Santander Bank and TD Bank provided the loan for Cadence, a planned 35-story tower with 432 mixed-income apartments at 3100 Douglas Road. It’s part of Link at Douglas, a 7-acre mixed-use project adjacent to the Douglas Road…

Developers Break Ground on Phase Two of Miami’s ‘Link at Douglas’ with $125 Million Construction Loan

Construction has begun on CADENCE, the third residential tower at Link at Douglas, a transit-oriented development located at the intersection of Coral Gables and Coconut Grove in Miami. Developed by 13th Floor Investments in partnership with Barings, the 35-story tower will deliver 432 market-rate apartments, with 12.5 percent of the units designated as workforce housing.

CIM Group, Partners Open $6B Miami Worldcenter Development

Los Angeles-based investment firm CIM Group and its development partners have officially opened Miami Worldcenter, a $6 billion mixed-use development in downtown Miami. CIM Group partnered on the project with Miami Worldcenter Associates, a development entity founded by Art Falcone and Nitin Motwani. The development spans 27 acres across 10 city blocks…

MiMo development, phase two of Adela at MiMo Bay, wins OK on second try

A developer planning to start the second phase of a residential development in Miami’s MiMo neighborhood, next door to Legion Park, is moving ahead after a second try before the city’s Urban Development Review Board. Plans for phase two of Adela at MiMo Bay, at 645 NE 64th St., stalled before the board in April. The board made a motion to recommend approval of the project…

First Miami International Airport terminal expansion since 2007 on runway

The first terminal expansion at Miami International Airport since 2007 got a green light last week from county commissioners, who voted unanimously without discussion for the $600.6 million construction contract with a joint venture to design and build an expansion of the South Terminal in just over four years. The deal with Lemartec-NV2A JV will extend the South Terminal eastward…

Miami International Airport to Get New Concourse in 2029

Miami International Airport (MIA) is getting a new concourse for the first time since 2007. The addition marks a $600 million investment in Miami’s travel infrastructure, reflecting the increased demand for flight in the area. It’s also a critical part of the larger, $9 billion Future-Ready Modernization in Action plan. This multi-faceted initiative refers to various projects that intend…

Mast Capital, BH ramp up buyout of Coconut Grove condominium

Mast Capital and BH Group are teaming up to take over an older condominium building in Coconut Grove. An affiliate of Coconut Grove-based Mast, led by Camilo Miguel Jr., is under contract to purchase roughly a dozen units at Bayshore Park, a three-story condominium at 2545 South Bayshore Drive, sources familiar with the deals confirmed to The Real Deal.

Vertical Construction Set to Commence Soon on Oasis Hallandale East Tower

Vertical construction is scheduled to begin imminently on the East Tower of Oasis Hallandale, a 10-acre mixed-use development located in the heart of Hallandale Beach. The milestone comes as the project moves into its final phases, with the West Tower fully topped out and on track for completion by the end of 2025. The East Tower is anticipated to deliver in 2027….

‘The Arbors at Leisure’ Proposed for 28400 S Dixie Highway in Homestead

Homestead-based I & A Holding Group LLC has proposed a two-phase housing development that would replace a warehouse in Miami-Dade County. The Arbors at Leisure would feature two eight-story buildings, offering a total of 229 units. Of those homes, 25 percent (57) would be designated as workforce housing, which is defined as affordable housing for households…

$300 Million Refinancing Package Secured For Renovation Of The Ritz-Carlton Key Biscayne

A partnership led by Gencom, a global hospitality and real estate investment firm, has closed on a $300 million debt facility to refinance existing obligations and fund a comprehensive renovation at The Ritz-Carlton Key Biscayne, Miami. The financing was arranged by a consortium led by Blackstone Real Estate Debt Strategies. Located at 455 Grand Bay Drive, the 13-story…

Simi Capital pumps up South Florida industrial portfolio with $31M Medley acquisition

Simi Capital added a fifth property to its South Florida industrial portfolio, paying $31 million for a Medley warehouse. Based in New York and Bay Harbor Islands, Simi acquired an 80,000-square-foot facility at 8505 Northwest 74th Street, a press release states. The buyer is led by Andrew Skydell and Jacob Diamond. The deal breaks down to $387 a square foot or $2.9 million per acre…

$111 Million Construction Loan Secured For 26-Story Multifamily Tower ‘THE PERRIN’ At 244 SW 9th Street In Brickell

The Empira Group has secured $111.25 million in construction financing for THE PERRIN, a 310-unit Class A multifamily development planned for 244 Southwest 9th Street in Miami’s Brickell neighborhood. The loan was provided by Goldman Sachs, with the financing arranged by Daniel Matz, Senior Managing Director at Newmark….

Empira scores $111M construction loan for 310-unit apartment tower in Brickell

Empira Group scored a $111.3 million construction loan for a 310-unit apartment tower in Miami’s Brickell, The Real Deal has learned. The financing comes as construction loans and refinancings continue to flow in South Florida, despite higher interest rates and other economic headwinds. Empira, a Swiss firm that entered the Miami market three years ago…

Developer Proposes Eight-Story Apartment for Miami’s Goulds Neighborhood

K2 Capital Group hopes to get approval for a housing development in Miami-Dade’s Goulds neighborhood. Plans call for an eight-story building featuring 206 apartments. The venture, designed by Bellon Architecture, includes a two-story, 243-spot parking deck and a swimming pool, among other communal amenities. Mariano Karner and Esteban Koffsmon.

K2 Capital proposes 206-unit apartment project in Goulds

Developers Mariano Karner and Esteban Koffsmon propose a 206-unit apartment project in Goulds, amid a continuing development flurry in south Miami-Dade County. Karner and Koffsmon, through their K2 Capital Group, want to build an eight-story building with a two-level parking deck with 243 spaces at 21220 and 21350 Southwest 115th Road and 21143 and 21281 Southwest 117th Ave…

Beacon Hill plans 112-unit Live Local Act project in Princeton

Beacon Hill Property Group will start construction of a 112-unit Live Local Act complex in Princeton, marking one of the first Miami-Dade County projects under the state’s workforce housing law to advance. The Coral Gables-based firm plans the project to be entirely workforce housing, to include two three-story buildings and 145 surface parking spaces on the 2.7-acre site…

Amara Wynwood Receives TCO, Welcomes Residents To New Multifamily Development At 45 NE 27th Street In Miami

A Temporary Certificate of Occupancy (TCO) has been issued for Amara Wynwood, an eight-story mixed-use development located at 45 NE 27th Street in Miami’s Wynwood neighborhood. The project, a joint venture between PGIM Real Estate and Fifield Companies, officially received its TCO on May 9, 2025, and has begun welcoming residents.

Construction Starts on ‘Metro Station 1’ at 2691 E 11th Avenue in Hialeah

Coral Gables-based MG Developer has started construction on a multi-family development in Hialeah. Metro Station 1 will comprise 55 “thoughtfully designed” units, with floorplans spanning from studio to two-bedroom residences. According to the South Florida Business Journal, the development will measure eight stories, occupying a 11,627-square-foot site.

WeWork Opens Downtown Miami Location, First New Location in City Since 2019

WeWork’s pet-friendly flex office at Southeast Financial Center features several communal work areas. WeWork has opened a 45,000-square-foot coworking space at Pontegadea’s 1.2 million-square-foot Southeast Financial Center in Miami. This is the company’s first new location in the city since 2019. Back then, WeWork committed to 89,300 square feet…

Miami board approves 328-unit Live Local Act tower Sense 22 in Edgewater

A developer scored approval for a 328-unit Live Local Act project in Miami’s Edgewater, amid a flurry of proposals under the state’s affordable and workforce housing law. Gonzalo Espinosa, through an affiliate, plans the 36-story Sense 22 apartment tower on a 0.7-acre assemblage at 114, 124, 128 and 138 Northeast 22nd Street, according to an application filed early this month.

Braman Motors Proposes Multi-Phase Mixed-Use Campus With Twin 60-Story Towers in Edgewater

Braman Motors is moving forward with plans to redevelop and expand its Edgewater campus under the Braman Miami Campus Special Area Plan (SAP), initially enacted in 2022. The project, designed by Arquitectonica and Wolfberg Alvarez, recently secured approval with conditions from the City of Miami’s Urban Development Review Board on April 23, and is scheduled…

Master Construction Permit Approved For 389-Unit Midtown Miami Building Midtown 7

Miami’s Building Department has approved a master construction permit for Midtown 7. The approval was issued on May 20. The permit was first applied for in July 2023. Coastal Construction is listed as the contractor on the permit. The building was submitted for UDRB review in September 2022, and a utilities deal was completed in October 2022.

5,700 Unit Little River Development To Be ‘First Fully Integrated Smart Home City In Florida’

The upcoming Little River District is set to become the first fully integrated smart home city in Florida, according to an announcement by a technology company. SKYX Platforms Corp said it would be supplying smart home tech for the development. Each unit will be equipped with the smart home technology, along with free internet, the announcement said.

Photo: Dirt Moving At Development With 803 Units Near Brickell City Centre

Work is getting underway on a massive development near Brickell City Centre. Two towers with a combined 803 units are being built on the property: One Twenty Brickell Residences, which will have 266 condos, and Sentral Brickell, which will have 537 multifamily residential units. The towers will rise 37 and 41 stories, and share a podium. Developer PMG recently secured…

Photos: Newly Completed 428-Unit Downtown Miami Apartment Tower ’Modera Riverside’

Photos show the new 36-story Modera Riverside in downtown Miami. According to a press release issued at the beginning of the month, the first move-ins were anticipated to take place in May. Modera Riverside includes 428 apartments and 4,266 square feet of ground-floor retail. There’s also around 505 parking spaces. The property boasts a Walk Score of 93, and a Transit Score of 100.

Developer Dante Fraiegari of Terra Solo Group proposes 57 townhouses in West Kendall

A developer proposes 57 townhouses in West Kendall, amid a flurry of applications for projects on sites in suburban Miami-Dade County. The West Kendall Townhomes project is proposed for the 4.6-acre site on the northeast corner of Southwest 88th Street and Southwest 167th Avenue in unincorporated Miami-Dade County, according to an application submitted…

‘Real pain’ in the South Florida condo market while home prices hold steady

Condo sales fell sharply across South Florida in April even as median prices held steady thanks to newer and more expensive units. The number of existing single family homes that sold last month also fell from the pace a year ago, according to monthly data from the Miami Association of Realtors. However, home prices increases have outpaced more volatility in condo prices.

Best of Miami: Committed residents fight to keep history alive

Miami-Dade is known for its postcard destinations and summer-like weather year around. However, hidden in plain sight are years of history and alongside are individuals fighting to keep the community’s intricate story alive. Daniel Ciraldo, former executive director of the Miami Design Preservation League, highlighted Carolina Isabela as among the best in preserving…

The U Turns 100; A Century of Higher Ed in Coral Gables

George Merrick’s idea for the City of Coral Gables started long before – perhaps even decades before – the city’s incorporation in 1925. In the years leading up to that seminal event, Merrick was constantly honing his concepts for the “City Beautiful” – a vision that always included a university that would educate and elevate the community. Merrick wanted a university…

Melissa Tapanes Llahues Installed as President of the Builders Association of South Florida

Melissa Tapanes Llahues has made her mark not only in the legal profession but also in the greater Miami community. A respected zoning and land use attorney and civic leader, she became a named partner at Bercow, Radell, Fernandez, Larkin & Tapanes, PLLC in 2020, where she represents major landowners, developers, institutional clients, and small business owners in securing…

Lease roundup: Lululemon and Shake Shack coming to Dania Pointe, Ocean Bank moves a Miami-Dade branch

Ocean Bank moved one of its Miami-Dade County offices. The bank leased 4,200 square feet at 7700 West Flagler Street at the Midway Crossings shopping center in unincorporated Miami-Dade, according to the tenant’s spokesperson. The bank moved about a mile east from its previous space at 8700 West Flagler Street, also in an unincorporated area of the county.

Related nabs $231M construction loan for Pininfarina condo project in Fort Lauderdale

Related Group secured a $230.8 million construction loan for Andare Residences, a Pininfarina-designed luxury condo project in Fort Lauderdale. Coconut Grove-based Related, led by Jorge Pérez and his sons, Jon Paul and Nick Pérez, recently broke ground on the 163-unit, 46-story tower planned for the site at 521 East Las Olas Boulevard, next to Icon Las Olas.

Prime delivery: EQT pays $55M for two Broward industrial facilities

EQT Real Estate picked up a pair of Broward industrial sites, including an Amazon distribution center, for a combined $55.3 million. In Deerfield Beach, Radnor, Pennsylvania-based EQT, led by Per Franzén, dropped $37.9 million for a 158,000-square-foot facility completed in 1985, records and real estate database Vizzda show. The building, which Amazon leases…

General Contractor Selected for Complete Renovation of 5th Avenue Delray in Delray Beach

Dominion Builders has been selected to lead the complete interior and exterior renovation of 5th Avenue Delray, a five-story, 125,000-square-foot luxury rental property located at 151 NE 5th Avenue in Delray Beach, Florida. The building, originally completed in 2011, comprises 47 upscale apartment units and five commercial spaces.

Woodfield, Flagler Realty score $81M construction loan for 358-unit apartment project in West Palm

Woodfield Development and Flagler Realty & Development scored an $80.6 million construction loan for a 358-unit mixed-use multifamily project in West Palm Beach. The developers plan the eight-story apartment building with 19,000 square feet of retail space on a 6.5-acre vacant site at 8111 South Dixie Highway, according to Woodfield’s December news release announcing…

Wellington green-lights zoning changes for Mark Bellissimo’s mixed-use Marketplace project

Developer Mark Bellissimo won approval for zoning changes that will allow him and his partners to build a boutique hotel, offices, condos, retail and restaurant space just across the street from his planned gated community, the Wellington. The mixed-use project, dubbed “the Marketplace” is said to be inspired by Palm Beach’s Worth Avenue and Greenwich…

3 tips to lower your commercial real estate insurance costs

Commercial real estate property insurance costs are on the rise. The average monthly cost of real estate investment insurance for a building in the United States reached $2,726 in 2023, up from $1,558 in 2013, according to the Deloitte Center for Financial Services. And premiums are only set to increase. Deloitte projects the average monthly insurance cost for a commercial building…

Strong Operational Performance in 1st Quarter Apartment REITs Earnings Calls

With U.S. apartment supply having peaked for this cycle and demand remaining resilient nationwide, both performance and investment activity experienced strong gains in 1st quarter 2025. Both Coastal and Sun Belt-focused REITs reported that 1st quarter financial and operational performance exceeded expectations, with persistent strong demand alongside favorable wage growth.

How Trade Shifts Impact Port Real Estate

Two days after threatening to impose a flat 50 percent tariff on imports from the European Union, President Donald Trump on Sunday announced he would postpone the tariff’s implementation until July 9—marking the latest twist in a trade policy saga whose effects have already begun to ripple through the supply chain. Pier 300 in the Port of Los Angeles. Import volume…

Cardone Capital launches 10X Miami River Bitcoin Fund

Cardone Capital, a real estate investment firm with over $5 billion in assets under management, launched the 10X Miami River Bitcoin Fund, a dual-asset fund consisting of a 346-unit multifamily commercial property located on the Miami River in Miami, Florida, and $15 million of Bitcoin. In an interview with Cointelegraph, Cardone Capital founder and CEO Grant Cardone…

National Housing Affordability Update: A Five-Year Review

Key Takeaways Housing affordability is improving as the national rent-to-income (RTI) ratio nears pre-pandemic levels due to steady median household income growth, but it remains an issue, especially for lower-income households. The pandemic reshaped housing affordability, but current economic uncertainty poses new challenges to the dire situation.

2025 J.P. Morgan multifamily market update for real estate investors

The outlook for multifamily real estate remains largely positive throughout 2025, even amid ongoing interest rate uncertainty. Moody’s projects asking rents will grow 2.7% this year nationally, while vacancy rates reach 6%. But real estate is a local game. Our commercial real estate professionals share multifamily trends and opportunities in top apartment markets across the country.

Terra proposes 724-unit Live Local Act project on portion of South Dade Government Center

Terra proposes a 724-unit Live Local Act project on land at South Dade Government Center that it leased from the county through a no-bid deal. The Coconut Grove-based firm wants to build a two-phase project on a 12-acre site at 10710, 10750 and 10800 Southwest 211th Street in Cutler Bay, according to an application filed to the county early this month. The first phase would consist…

Groundbreaking Held for 3-Story Rental Development at 9300 Collins Avenue in Surfside

Construction has officially begun on a new multifamily residential development at 9300 Collins Avenue in Surfside, Florida. Located one block west of the Atlantic Ocean and within walking distance of Bal Harbour Shops and Surfside’s downtown corridor, the three-story project will introduce a luxury rental product to a market traditionally dominated by for-sale condominiums…

Miami Worldcenter developers list retail for sale, seek over $300M

Miami Worldcenter Associates listed the retail component of the mixed-use downtown Miami development for sale, The Real Deal has learned. The developer, a joint venture led by Art Falcone, Nitin Motwani and CIM Group, is seeking offers in the $300 million-plus range for the 273,000-square-foot retail portion, according to sources and a copy of the offering memorandum.

Developer proposes 192-unit apartment project with workforce rentals in Naranja

A developer proposes a 192-unit apartment project with workforce rentals in Naranja. Entities tied to Coinco Investment filed an application to develop three four-story buildings on the southeast corner of U.S. 1 and Southwest 232nd Street in unincorporated Miami-Dade County, according to a filing submitted early this month. 12499 Holdings and 232 Holdings…

Developer proposes 42-unit condo project with workforce units in Kendall

A developer proposes a 42-unit condo project with workforce units in Kendall, amid a flurry of proposals for below-market rate housing in South Florida. An entity tied to Bob Liu of Capital Partners Management and Miami-based LiuCon Development wants to build a six-story building at 8445 Southwest 94th Street in unincorporated Miami-Dade County, according to an application…

First Glass Installed At 950-Foot Cipriani Residences In Brickell

Brickell’s under-construction Cipriani Residences has had its first glass installed. Cipriani Residences will have 397 luxury condos when it opens. The Cipriani tower is planned to top off at 80 stories. It will reach a near-supertall height of 940 feet above ground, and 950 feet feet above sea level, which is taller than any existing building in Brickell. Mast Capital is the developer.

650-Foot Copper-Clad Edgewater Tower Is Four Weeks Ahead Of Schedule

The foundation pour earlier this month for the 650-foot Villa Miami tower in Edgewater was actually four weeks ahead of schedule, the developers of the project said this week. The 14-hour pour on May 9 involved more than 3,400 cubic yards of concrete and 2,095 tons of steel to form the tower’s foundation. A total of 43 concrete trucks, operating in a coordinated rotation…

New Renderings Of Mandarin Oriental Brickell, Where $1B In Condos Now Pre-Sold

Developer Swire Properties has released new renderings of the Mandarin Oriental residential and hotel towers it is planning in Brickell. The developer also announced that sales have officially surpassed the $1b mark, with the South Tower now 50% sold. The existing 326-key Mandarin Oriental hotel is planned to close at the end of next week, in order to begin demolition.

Canero completes Coconut Grove condo buyout

Jose Canero’s Canero Group paid $17.3 million to acquire all the units in a Coconut Grove condo building. Property records show Canero affiliate WNG Miami acquired Chateau Grove, a 25-unit development at 3265 Virginia Street in Miami. The two-story building, built in 1963 on a 0.9-acre lot, is zoned T4-L, according to the property appraiser and information…

New Details On $520M Brickell Waterfront Development Site Sale

Aimco released additional information this month on its planned sale of a prime bayfront development assemblage in Brickell, in a quarterly report to investors. In December, developer Oak Row Equities and Mariposa Real Estate entered into an agreement to purchase the properties for $520m, with plans for a major development. The buyers placed an initial non-refundable…

“Gut punch”: Construction discovery delays Bulgari’s first U.S. hotel project in Miami Beach

An unforeseen construction defect will significantly delay the planned Bulgari hotel project in Miami Beach. On Tuesday, the Miami Beach Historic Preservation Board approved modifications to the planned redevelopment of the Seagull Hotel at 100 21st Street that entails tearing down most of the historic 145-room building to put in a new foundation.

Codina Partners Obtains $38.8M Construction Loan for Downtown Doral Retail Expansion

Codina Partners has obtained a $38.8 million construction loan for the third phase of Downtown Doral’s retail expansion. Ocean Bank provided the loan. Downtown Doral is a 250-acre mixed-use district in South Florida, and the third phase will add nearly 25,000 square feet of retail space along 87th Avenue, with 932 dedicated garage parking spaces for retail visitors.

Codina lands $39M loan to build 25K sf of retail at Downtown Doral

After nabbing a $38.8 million construction loan, Codina Partners is gearing up to build the last retail piece at Downtown Doral. Miami-based Ocean Bank provided the financing to an affiliate of Coral Gables-based Codina that is developing 25,000 square feet of retail and 932 parking spaces on Northwest 87th Avenue between Northwest 52nd Street and Northwest 53rd Street…

Site Work Permit Issued for 38-Story ‘2900 Terrace’ at 401 NE 29th Street in Edgewater

A site work permit has been issued for 2900 Terrace in Miami’s Edgewater neighborhood. The city’s Building Department approved the application on May 18. Coastal Construction is listed as the contractor, with Ortus Engineering as the permit runner. The permit follows an earlier tree permit issued on April 30. A master construction permit for vertical development remains under…

Plans Submitted To Miami’s Urban Development Review Board For Dual-Tower Project At 3801–3883 Biscayne Boulevard

Kolter Group is advancing plans for a new residential development at 3801–3883 Biscayne Boulevard, near the boundary of the Edgewater neighborhood and the Miami Design District. The developer recently submitted plans to Miami’s Urban Development Review Board (UDRB) for two 20-story, nearly 2940-foot-tall towers that will span nearly a full city block…

Plans Submitted for 381-Foot-Tall Sense 22 at 114 NE 22nd Street in Edgewater

Plans have been submitted to Miami’s Urban Development Review Board (UDRB) for Sense 22, a 36-story residential tower proposed for 114–138 NE 22nd Street on the edge of the Edgewater and Omni districts. The project is being developed by New Sense, LLC, an affiliate of Argentina-based HA Emprendimientos, with design by Anillo Toledo Lopez Architecture….

New Concourse K Approved For Miami Airport, Opening 2029

Miami-Dade has approved the construction of a new concourse at Miami International Airport, and construction will begin shortly. A groundbreaking ceremony will take place this summer. Completion is scheduled for spring 2029. Commissioners voted today to select a $600m design-build offer from contractor Lemartec-NV2A JV, with Perez & Perez Architects the lead architect.

Demolition Permit Issued At One Brickell City Centre Site

A total demolition permit for a building at the One Brickell City Centre site has been issued. The demolition permit was issued on May 14 and is now listed as active. It was approved in April. The One Brickell City Centre site is the Brickell Avenue gateway property to the existing Brickell City Centre development. Two office buildings were on the site. Demolition of the first building…

67-Story Jem Miami Worldcenter Tower Preparing For Foundation Pour

A foundation pour is moving closer at the 67-story JEM Private Residences site, new photos by mia_on_the_bay show. The JEM tower is planned to rise about 700 feet at Miami Worldcenter. It will include 786 residential units, of which 259 will be condos. Condo owners will have a separate entrance from the remainder of the residential units. Groundbreaking for JEM took place…

343-Unit Downtown Miami Condo Tower ‘District 225’ Nearing Completion

A photo shows a 39-story condo tower as it nears completion in downtown Miami. The building is named District 225. A parking garage is not being built, and it appears that there also aren’t balconies. Groundbreaking took place in July 2022, with top off in March 2024. The development will include 343 condo units, and owners will be able to rent their units on a short-term basis.

Freedom Tower reopening now planned for fall

Eyeing an official reopening in the fall, Miami Dade College’s Freedom Tower is putting together one-of-a-kind art installations in celebration of its centennial. In preparation, the college has collected over 300 oral history archives telling the story of the national historic landmark, said María Carla Chicuén, the executive director of cultural affairs at Miami Dade College.

Glass cube Waldorf Astoria tower rising skyward in downtown Miami

A stack of glass cubes is rising in the heart of downtown Miami. Builders of Waldorf Astoria Hotel & Residences Miami are making major strides in the creation of this unique skyscraper, according to a representative of the development partnership with PMG. In an email to Miami Today this week, PMG offered details of the status of the sweeping mixed-use residential tower…

Gary Ressler: Real estate executive puts energy into downtown Miami upgrades

Since getting introduced to and involved with the Miami Downtown Development Authority (Miami DDA) in 2001, Gary Ressler has been working tirelessly to continuously improve the quality of life of residents while fostering the growth of local businesses throughout downtown Miami. As chair of the quality-of-life committee, Mr. Ressler has ensured that the downtown…

Venetian Causeway restoration hits more delays

Completion of restoration of the Venetian Causeway stretching from downtown’s Omni area to Miami Beach has been delayed again by multiple factors and is now targeted for beyond 2032, a contract change up for county approval this week reveals. As county commissioners vote on Amendment 14 with EAC Consulting Inc. to design plans for the replacement of 11 historic bridges…

Miami Riverbridge mega-project to start with two towers

Detailed planning and design continues moving forward for what is being called a transitional mixed-use residential project on the bank of the Miami River, just west of Biscayne Bay. Miami’s Gencom reports progress to fine-tune the sweeping plans for Miami Riverbridge, which will take the place of the James L. Knight Center and Hyatt Regency hotel on the Miami River.

Gencom, Fortune land $300M refi for Key Biscayne Grand Bay project

Karim Alibhai’s Gencom and Edgardo DeFortuna’s Fortune International Group are teaming up to combine two Key Biscayne waterfront sites, consisting of a Ritz-Carlton hotel and a private beach club. The partnership, led by Miami-based Gencom, secured a $300 million loan from New York-based Blackstone to refinance existing debt, fund a $100 million renovation currently…

Doral Celebrates Grand Opening Of 78-Acre Central Park, A Historic Milestone For The City

The City of Doral held the grand opening ceremony of a new hub that officials described as a historical milestone. 7News cameras on Saturday captured the moment officials cut the red ribbon marking the official opening of Doral Central Park. The ribbon-cutting was followed by an energetic parade that ushered guests into what officials said is the…

Census: Miami’s Population Surges More Than 10 Percent Since 2020

Between 2020 and July 1, 2024, Miami experienced a significant population surge, according to the latest estimates from the U.S. Census Bureau. The South Florida city’s population was 487,014 residents in 2024, which is a 10.1 percent increase from 2020 Census figures. In the same time frame, Atlanta saw a 4.3 percent rise in population, while Raleigh experienced an uptick…

Hot stuff: Envision Cold enters Florida by picking up West Little River freezer facilities for $47M

Envision Cold made its first Florida commercial real estate play, paying $47.2 million for a freezer facility complex in West Little River. An affiliate of Atlanta-based Envision Cold, led by Eric Diaz, Stephen Draper, and Austin Solem, acquired three cold storage warehouses spanning 187,122 square feet at 2950 Northwest 75th Street in unincorporated Miami-Dade County…

Developers Propose 29-Story ‘Aurea’ for 1321 NW 9th Avenue in Miami

Two developers have filed plans for Aurea, a 29-story residential tower near Miami’s Health District. If approved, the venture would measure 29 stories, requiring close to 400,000 square feet of new construction. It would occupy a vacant site. There would be 332 apartments at Aurea; residences would begin on the seventh floor, with unit sizes ranging from 400 to 920…

‘Crystalline Towers Floating 20 Stories Above Biscayne Bay’ Proposed

Miami’s Planning Department has received an application to build two residential towers adjacent to the Design District and Edgewater. The development includes two 20-story towers, and a combined: 164 residential units two lodging units 8,874 square feet of retail 374 parking spaces The design fully meets the Miami 21 zoning code, and no waivers are being requested.

Live Local Tower With 328 Residential Units Proposed In Edgewater

Miami’s Planning Department has received an application to build a Live Local tower in Edgewater, next to Wynwood. The development name is Sense 22. The project is: A Live Local development In a designated Transit Oriented Development area In an Opportunity Zone In the Omni Redevelopment Area Sense 22 is proposed to rise 36 stories and include: 328 residential units…

Unnamed Company Is Proposing To Replace The Metromover

An unnamed company is proposing to replace Miami’s Metromover with another transit option, according to Miami Herald reporter Doug Hanks. Miami-Dade commissioner Raquel Regalado said last week that she met with company representatives and likes the idea. Will it be more trains? “Sound like it,” Hanks wrote on social media. Metromover was originally built in 1986…

800-Room Grand Hyatt Hotel Breaks Ground in Miami Beach

After years of planning, construction is officially underway on the Grand Hyatt Miami Beach, a long-anticipated hotel development adjacent to the Miami Beach Convention Center. The project broke ground on the morning of Friday, May 16, 2025, just weeks after the development team secured a $392 million construction loan from TYKO Capital. The hotel is scheduled for completion…

Site Work Permit Approved for 20-Story Tower 91 in Miami’s Design District

Miami’s Building Department has approved a site work permit for Tower 91, also known as Cassi, a 20-story mixed-use development set to rise at 91–93 NE 36th Street in the city’s Design District. The permit clears the way for initial groundwork to begin on the site, located just west of Biscayne Boulevard. The project is being developed by Design District Associates and Prinz Corner LLC…

Foundation Work Completed at Villa Miami, a 650-Foot Residential Tower Rising in Edgewater

Construction has reached a major milestone at Villa Miami, a 56-story waterfront residential tower underway at 710 Northeast 29th Street in Miami’s Edgewater neighborhood. Designed by ODP Architecture & Design with DeSimone Consulting Engineers as the structural engineer, and developed by Terra and One Thousand Group in collaboration with Major Food Group…

192-Unit ‘Summer Breeze’ Proposed for Unincorporated Miami-Dade County

Two developers hope to move forward with a residential venture in Miami-Dade County that would offer workforce housing. The venture, known as Summer Breeze, would offer 192 units in three four-story buildings, with floorplans spanning studio to three-bedroom apartments. Seventy-six homes would be designated as workforce housing, reserved for those earning…

Site Work Permit Approved For Tower 91 Property

Miami’s Building Department has approved a site work permit for the Tower 91 development property, allowing work there to begin. The development has been referred to as both Tower 91 and Cassi. The Building Department is still reviewing a master construction permit and phased vertical permit for Tower 91/Cassi. Design District Associates and Prinz Corner LLC…

Groundbreaking Ceremony Tomorrow For 800-Room Grand Hyatt Hotel

After years of planning, Miami Beach’s giant convention center hotel is finally breaking ground. The groundbreaking ceremony is planned on Friday morning, just weeks after developers secured $392 million in construction financing from TYKO Capital to build the project. The Grand Hyatt is planned to rise 17 stories and include: 800 rooms (including 52 suites) amenities including…

Closure Pours Completed For Two Of Six Signature Bridge Arches in Downtown Miami

Contractors have completed closure pours for two of the arches planned for the Signature Bridge in downtown Miami, according to an FDOT stakeholder presentation released yesterday. A total of six arches are planned. The remaining four arches are in varying states of construction. FDOT says the project budget remains at $840 million, with completion still on track…

New Condos Above E11even, Space Mean You Never Have to Leave the Club

Calling all club rats: You can soon live above two of Miami’s most iconic clubs, should you feel the need to spend more time on the dance floor. This is not an ecstasy-fueled dream. Two E11even-branded 65-story, fully furnished residential towers developed by E11even Partners and PMG are coming to downtown Miami’s Park West neighborhood. The towers will leave residents steps…

PMG again looks to attract crypto condo buyers

PMG is jumping back into the cryptocurrency buyer pool via a collaboration with Shift4, a payment processing company. Miami-based PMG is offering the option to buyers across all of its Florida condo projects, including Waldorf Astoria Residences in Miami and St. Petersburg; E11even Club Residences Beyond; 38 West Eleventh Residences Miami; One Twenty Brickell Residences…

Lease roundup: Quest Workspaces, Florida agencies ink space in Doral

A flex office provider, Florida state agencies and a pipes company are among tenants that leased at Doral Center. Co-working provider Quest Workspaces now leases 38,100 square feet, after expanding its existing space by 14,600 square feet at the office complex on the southwest corner of Northwest 36th Street and Northwest 87th Avenue in Doral, according to a news release…

Second Phase of ‘Nine Hollywood’ Proposed for 1831 Jackson Street in Hollywood

Hallandale Beach-based Gadamis Property LLC wants to proceed with the second phase of Nine Hollywood. The first phase finished construction last year, where it comprises 226 units. The second phase of Nine Hollywood requires close to 205,000 square feet of new construction, measuring 13 stories and featuring 198 apartments. The studio to three-bedroom residences…

EDENS Buys Davie Retail Center for $51M

MacArthur Park is another retail property in EDENS’ portfolio. Image courtesy of CBRE Investment Management EDENS has expanded its South Florida holdings with the acquisition of Weston Road Shopping Center, a 108,623-square-foot, open-air shopping center in Davie, Fla. The property changed hands for some $51.3 million or about $483 per square foot, Commercial Observer…

Giuseppe Iadisernia scores $112M construction loan for second Hallandale Beach condo tower

Developer Giuseppe Iadisernia scored a $112 million construction loan for the east tower of his planned Oasis Hallandale condo development, bringing his total financing for the project to $197 million. New York City-based S3 Capital, led by Robert Schwartz and Joshua Crane, is providing the financing for the tower planned for 1000 East Hallandale Beach…

Construction Tops Off on Society Las Olas Phase II in Downtown Fort Lauderdale

Construction has officially topped off on the second phase of Society Las Olas, a 42-story residential tower at 140 Southwest 2nd Street in Downtown Fort Lauderdale. Developed by Property Markets Group (PMG) in partnership with Toronto-based Greybrook Realty Partners, the 450-foot-tall project marks a major milestone for what is set to become the city’s largest multi-residential…

46-Story Andare Residences Breaks Ground at 521 East Las Olas Boulevard in Fort Lauderdale

The Related Group has officially broken ground on Andare Residences by Pininfarina, a 46-story luxury condominium tower set to rise at 521 East Las Olas Boulevard in Fort Lauderdale. Marking the first high-rise condominium on Las Olas Boulevard in nearly two decades, the project is set to become a prominent addition to the city’s skyline. Rising to over 540 feet, the tower…

Broward County’s Tallest Residential Building Has Broken Ground

Construction is now underway on the tallest residential structure ever built in Broward County. Developer Related Group and Italian design house Pininfarina celebrated the groundbreaking on May 15. The 47-story Andare Residences Design by Pininfarina in Fort Lauderdale is planned to reach a height of over 540 feet above Las Olas Boulevard. It will include 163 residential units…

Portman proposes 397-unit apartment project in Pompano Beach

Portman Holdings proposes a 397-unit apartment project in Pompano Beach that would replace an existing office building. The application comes as developers increasingly are replacing aging office buildings with new projects. Atlanta-based Portman wants to build the apartments on a 3.2-acre site at 2400 East Atlantic Boulevard, according to an application included…

Even in ritzy Palm Beach, aging condos struggle under pressure of new laws and rising insurance

For the first time in more than 20 years, a new oceanfront condo project is proposed for the island of Palm Beach. Vlad Doronin’s OKO Group and Cain International presented plans for an ultra-luxury, three-building, 49-unit complex during the Palm Beach Town Council’s Development Review meeting on Wednesday. The proposal offers a sleek reimagination of 4.9 acres…

Riviera Beach extends deadline for bids to buy public land near waterfront

Developers interested in buying Rivieria Beach public land near the waterfront will have another month to make an offer. Riviera Beach council members, sitting as the board of directors of the city’s Community Redevelopment Agency, extended the deadline for offers to acquire and redevelop 2.2 acres of land at 1851 Broadway to June 19. The previous deadline ended May 14.

Why Tariff Turmoil Doesn’t Shake Up Fitch’s View on REITs

Macroeconomic headwinds and increasing international trade upheaval have not had an immediate impact on REITs. Nonetheless, management teams have noticed that tenants’ leasing decisions have slowed while they determine the impact of tariffs on their underlying businesses. The most immediate effect on REITs will be related to financing costs and capital access.

Self-Storage Demand Has Turned

After 18 months of occupancy and move-in rate declines combined with tough comps from the post-COVID peak, there’s a new tone coming out of the self storage REITs this quarter—and it’s not just cautious optimism. Across Public Storage, Extra Space, and CubeSmart, the message was clear: demand has turned, and fundamentals are stabilizing faster than expected.

Florida lawmakers amend condo-hotel law — again

Florida lawmakers amended a state law that governs the delicate balance of power between unit owners and investors at condo-hotel complexes. The change, made during the ongoing legislative session, marks the second consecutive year that legislators try to tackle the controversy that’s shrouding many of the state’s condo-hotels. The mixed-use developments consist…

Apartment Transactions Nationally Ease in 2025’s 1st Quarter

U.S. apartment transactions eased during the first three months of 2025, following historical trends. However, on a year-over-year basis, apartment sales (total dollar volume, number of properties, number of units and price per unit) were up. There were some notable sales during 1st quarter, with five apartment communities trading for more than $180 million.

$100 Million Renovation Plan Unveiled For The Ritz-Carlton Key Biscayne

A $100 million renovation plan has been unveiled for The Ritz-Carlton Key Biscayne, Miami, marking the first full-scale redevelopment of the resort since its debut in 2001. Gencom, which co-developed the original property nearly 25 years ago, spearheads the effort to modernize the 13-story, 420-key hotel. Completion is anticipated by December 2025…

Gencom Begins $100M Overhaul of Ritz-Carlton Key Biscayne Resort

Locally based Gencom has begun the $100 million overhaul of The Ritz-Carlton Key Biscayne, Miami resort. The 13-story, 275,000-square-foot hotel is located on a 17-acre site at 455 Grand Bay Drive on Key Biscayne, a barrier island situated south of Miami. Originally built in 2001, the property offers 420 guestrooms and 600 feet of direct beach access.

Two Projects with Affordable Housing Proposed for Broward and Miami-Dade Counties

Florida YIMBY has learned of two residential projects that will offer affordable housing in Broward and Miami-Dade counties. Here’s what we know. Keystone Holdings Group has proposed a high-rise residential tower in Miami. Measuring 18 stories above grade, Keystone Midway would offer 477 one-bedroom and two-bedroom apartments, with at least 40 percent (190) designated…

Site Work Permit Issued For Luxury 38-Story Edgewater Tower 2900 Terrace

Miami’s Building Department issued a site work permit yesterday for the 2900 Terrace property in Edgewater. The permit was issued to contractor Coastal Construction. It is the second construction permit issued for the development site. A tree permit was issued on April 30. Meanwhile, a master construction permit for a new tower continues to move through the approval process.

Panattoni seizes Flagler Station offices in deed in lieu, pays $21M for nearby building

Bridge Investment Group relinquished a Miami-Dade County office building in a deed in lieu of foreclosure and sold a nearby property for $20.8 million. The deals came as both buildings are struggling with high vacancies. Panattoni Development acquired both the half-vacant Building 1100 at 10451 Northwest 117th Avenue and Building 1300 at 9675 Northwest 117th Avenue…

Demolition Commencement Notice Filed At 90-Story Dolce&Gabbana Brickell Supertall Site

A Notice of Commencement has been filed for a Brickell Avenue property where a supertall is planned. A Developer is planning the 90-story, 1,049-foot Dolce&Gabbana Tower on the property. The NCO was recorded on April 29. It lists BG Group as the demolition contractor. The new 90-story Dolce&Gabbana tower completed administrative zoning review last year…

Miami Office Prices Remain Elevated as Development Levels Off

The Columbus Center is a 14-story Class A office building at 1 Alhambra Plaza in Coral Gables, Fla. Image courtesy of CommercialEdge Miami’s office sector started off the year with strong key metrics, according to the latest CommercialEdge data. While high vacancy rates have spread across most U.S. markets in recent years, the Magic City recorded the lowest figure among…

Historic Board Unanimously Approves 516-Foot Tower Across from Downtown Miami Brightline Station

The proposed First & Fifth tower has been granted unanimous approval by Miami’s Historic & Environmental Preservation Board. News of the approval was announced by Oak Row Equities, which is developing the project. The development includes partial demolition, alterations, an addition, and site improvements to a designated historic resource, the Salvation Army Citadel.

Construction Permits Filed For New Whole Foods In South Beach

A large new Whole Foods Market in South Beach has entered construction permitting over the past few weeks. The new store will be located on property currently occupied by a Wells Fargo Bank at 1901 Alton Road. There will be a Wells Fargo branch in the new building. Building Department records show that a total demolition permit, tree permit, foundation permit…

FAA Approves 411-Foot La Mare Hotel & Residences Structure In Brickell

The FAA granted approval for a new top of roof reconstruction in Brickell at the former One Broadway building. One Broadway is being converted into the La Mare Hotel & Residences. The rebuild includes modifying roof parapets with a modern design. The request submitted to the FAA was for new layout of rooftop obstruction lights. The FAA approval letter was issued yesterday.

Related Urban seeks extension of a ground lease for Live Local project in Miami-Dade

Related Urban is seeking more years on a ground lease to develop a Live Local Act mixed-income multifamily and office complex on a Miami-Dade County public housing site. The deal could generate $97.4 million over a century for the county, according to Miami-Dade officials. On Tuesday, the Miami-Dade County Commission’s housing committee will consider…

Keystone proposes 477-unit Live Local Act project in Fontainebleau

Keystone Holdings Group proposes a 477-unit Live Local Act project in the Fontainebleau neighborhood. The Miami-based firm wants to build the 18-story Keystone Midway on its 2-acre lot at 190 Northwest 79th Avenue in unincorporated Miami-Dade County, according to an application filed to the county early this month. The project will consist of one- and two-bedroom apartments.

Caution flags waving for bankers facing tariffs unknowns

As conversations revolving around tariffs continue to develop, the banking community is expected to become more cautious when it comes to lending. “Banks are going to be impacted basically from the risk in the economy,” said Dr. Manuel Lasaga, a clinical professor in the Department of Finance at Florida International University’s College of Business and president…

Plans for 337 MiMo area residences sidetracked

A developer is ready for the second phase of a mixed-use residential development in Miami’s MiMo neighborhood, next door to Legion Park. But the city’s Urban Development Review Board was unable to advance the application after an exhaustive review of the new site plan for phase two of Adela at MiMo Bay, at 645 NE 64th St. The project calls for six stories, up to 337 dwellings…

Miami Beach plans to lure Israeli and Jewish-owned firms

Miami Beach has voted to seek out and lure Israeli and Jewish-owned companies to the city. Commissioners in April voted unanimously to direct the city administration to develop an initiative via the city’s Economic Development Department to attract Israeli and Jewish-owned companies. “This is an item I’m incredibly proud to bring and excited about,” said Commissioner Joseph…

Olympic sailing training center to stay on in Grove

The US Sailing Center Miami, the nation’s only Olympic sailing training site, will continue to operate at Kennedy Park in Coconut Grove through 2037, preserving public access to Biscayne Bay for local and competitive sailors. During their May 8 meeting, Miami city commissioners voted unanimously to exhaust all possible lease renewals, extending the center’s lease…

FAA Permits Filed for 820-Foot-Tall Skyscraper at 19051 Collins Avenue in Sunny Isles Beach

YIMBY has spotted five recent Federal Aviation Administration (FAA) permit filings submitted on May 2, 2025, for a potential high-rise development at 19051 Collins Avenue in Sunny Isles Beach. The filings indicate a tower reaching 820 feet above ground, or approximately 828 feet above mean sea level, suggesting what could become the tallest oceanfront residential…

Exterior Work Nears Completion at NoMad Residences Wynwood in Miami

Exterior work is progressing toward completion at NoMad Residences Wynwood, a nine-story condominium development underway at 2700 Northwest 2nd Avenue in Miami’s Wynwood Arts District. Recent construction activity reveals the near-final appearance of the building’s façade, marking a major milestone for the project, which introduces the first residential…

Construction Financing Sign Installed At 61-Story Brickell Gateway Site

A construction financing sign was installed in the past few days at the Brickell Gateway project site. Developers Atlantic Pacific and Gazit Horizons are planning a 61-story, 761-foot tower on the property, which is in sight of Brickell City Centre. Plans for the development have been moving through planning approval and construction permitting with Miami-Dade County…

Foundation Pour Completed For Copper-Clad Villa Miami Tower In Edgewater

A foundation pour was completed in Edgewater over the weekend for the Villa Miami tower, according to an Instagram post by C&C Concrete Pumping. Site work for Villa Miami began in September. Groundbreaking took place in December, with the first crane installed by April. Villa is planned as an ultra-luxury, cooper-clad tower that will top off at 650 feet.

Plans Filed For North Bay Village’s Tallest Building Ever

A developer is proposing the tallest building ever in North Bay Village. According to a filing with the FAA, the building is planned to reach a height of 523 feet above ground, or 533 feet above sea level. The developer is listed as Harbor Island Development Company. The company includes executives from Related Group as its managers. Related and New York developer Macklowe…

Abandoned Industrial Sites Could Get A Second Chance Amid Shifting Manufacturing Demand

Billions of dollars in planned factory projects have been canceled or paused in the last six months, a development with the potential to pour cold water all over visions of new economic hubs in some of the country’s lower-profile corners. But a new wave of projects in industries like pharma, tech and automotive are ready to refill the pipeline, keeping demand…

FAA Filings Suggest Two 523-Foot Towers Planned For 8000 East Drive In North Bay Village

YIMBY has spotted new Federal Aviation Administration (FAA) permit filings submitted on May 8, 2025, indicating early-stage planning for two high-rise structures at 8000 East Drive in North Bay Village. The site occupies the northernmost point of Harbor Island. Currently, it houses the now-shuttered Biscayne Sea Club, a 1955-built co-op community consisting of two three-story…

New Tenants and Openings Advance Miami Worldcenter’s Retail and Dining Core

Miami Worldcenter’s expansive 27-acre development continues to evolve as several retail, dining, and lifestyle tenants recently opened their doors, adding to the growing mix of commercial offerings within the $6 billion mixed-use master plan in Downtown Miami. Located across ten city blocks, the pedestrian-oriented development is led by Miami Worldcenter Associates—headed…

Atlantic Pacific proposes 375-unit affordable, workforce housing project in Miami’s Overtown

Atlantic Pacific Companies proposes a 375-unit project with affordable and workforce apartments in Miami. The Boca Raton-based development firm wants to build an eight-story building with 10,000 square feet of ground-floor commercial space and a 421-space garage on a portion of the site at 800 Northwest Fifth Avenue in the Overtown/Park West area…

Robert Rivani’s Black Lion bids adieu to Brickell, sells two commercial units for $38M

Robert Rivani’s Black Lion exited the Brickell submarket after selling a pair of commercial condos leased to fine dining restaurants for a combined $38.2 million. Black Lion affiliates sold an 8,000-square-foot commercial unit with a 3,000-square-foot patio on the first floor of the SLS Lux Brickell condominium at 805 South Miami Avenue, and a 9,000-square-foot ground-floor space…

‘Tropical Crossings’ Proposed for South Dixie Highway and Southwest 250th Street in Princeton

Miami-based developer Pinnacle Housing has filed plans for the second phase of its affordable housing community in the region. The project comes on the heels of its predecessor, Tropical Pointe, a 215-unit development next door. Tropical Crossings will measure eight stories above grade, offering 110 studios and one-bedroom homes. The units would span about 500 to 680…

The Perigon Completes First Hydrostatic Concrete Slab Pour at 5333 Collins Avenue In Miami Beach

The Perigon, a 17-story ultra-luxury condominium tower rising on a two-acre beachfront parcel at 5333 Collins Avenue in Miami Beach’s Mid-Beach neighborhood, has reached a significant construction milestone with the completion of its first hydrostatic concrete slab pour. The operation involved approximately nine continuous hours of pouring, using 520 cubic yards of concrete…

Construction to Start on ‘NoMi Square’ This Summer at 13855 NW 17th Avenue in Miami

Nearly three years after securing approval for NoMi Square, Integra Investments is one step closer to breaking ground, thanks to a $65 million construction loan. Construction is expected to start on the seven-story venture this summer, where it’s estimated to take two years. Upon completion, NoMi Square will measure seven stories above grade and comprise 342 units…

$600M MIA Terminal Expansion Scheduled For County Vote

A contract for an expansion of MIA’s South Terminal is on the agenda next week for Miami-Dade commissioners. The South Terminal expansion received two design-build price proposals, according to a memo. The two evaluated price proposals were from Lemartec-NV2A ($532M) and Weitz-MCM JV ($743M). Officials are recommending commissioners accept the lower…

German developers launch condo sales for Cloud One Hotel & Residences Wynwood

A German partnership is moving ahead with plans for The Cloud One Hotel & Residences Wynwood, a mixed-use project with condominium and hotel components. Sebastian Lüdke of ALP.X Group, Motel One and Ralf Büschl of the Büschl Group plan to launch condo sales this month, the developers told The Real Deal. They tapped Douglas Elliman to lead sales.

Site Work Permit For Santander Tower on Brickell Avenue Enters Review

A site work permit for Brickell’s Santander Tower property entered review last week. Plans for the permit were accepted on April 28, with review beginning shortly after. A total demolition permit has already been issued and that work is underway. There is also a master construction permit for the new tower in review, and a phased vertical permit pending the start of review.

Wynwood Apartment Complex Amara Wynwood with 210 Units Nearly Complete

Hundreds of new residents are about to begin moving into Wynwood, as an apartment complex is now nearly complete. Amara Wynwood, formerly known as Wynwood station, will have 210 apartments. The 8-story building also will include 11,000 square feet of retail. There are apartments now listed as available for lease on the development website with a move-in date of May 15.

How can a product be imported tariff-free to Miami without entering the U.S.? Welcome to the FTZ

Among the warehouses that bump up against the Everglades, west of the Florida Turnpike in Miami-Dade County, is a door. And on that door is a sign. On that sign, between two Department of Homeland Security logos in red capital letters, is the word “warning.” Walk through this door and a visitor is leaving the United States — as far as international trade is concerned.

Miami Multifamily Real Estate Report – Q1 2025

Market Snapshot for Miami Multifamily Real Estate We’ve compiled key statistics (vacancy rates, absorption rates, and rental rates) and property transactions for Miami multifamily real estate in this report. The Miami multifamily report is updated quarterly by our commercial real estate professionals. We also want to cover the bigger picture and provide some information about…

Alo Yoga stretches onto Lincoln Road, plans store and private health club

Alo Yoga is looking to activate a dead corner on Lincoln Road and Collins Avenue with a new store and private health club. The Miami Beach Historic Preservation Board is scheduled to vote on Tuesday on Beverly Hills-based Alo Yoga’s planned renovation of a former Walgreens pharmacy on the ground-floor of the Decoplage condominium at 100 Lincoln Road.

Namaste: Miami Beach board approves Alo Yoga’s planned store and health club

The Miami Beach Historic Preservation Board found clarity and balance with Alo Yoga’s plans for a new store and private health club on a dead retail corner at Collins Avenue and Lincoln Road. At a Tuesday hearing, the board voted 5-0 to approve Beverly Hills-based Alo Yoga’s revamping of a shuttered Walgreens pharmacy on the ground-floor of the Decoplage condominium…

Practical Density Expectations in Miami Area 5-Story Multifamily Builds

A recurring question in multifamily development involves the viability of 5-story projects. While zoning under the Live Local Act may allow for greater height and density, in practice, many sites face economic height constraints. That is, although taller buildings may be permitted, the marginal cost of construction per unit rises significantly with each additional story—often outpacing…

Lease roundup: Maple & Ash, Earls Kitchen + Bar open at Miami Worldcenter

Two restaurants, including a Chicago-based steakhouse, are among new tenants at the Miami Worldcenter mixed-use complex. Maple & Ash opened a 22,000-square-foot flagship steakhouse on two stories at 699 Northeast First Avenue in downtown Miami, according to a Miami Worldcenter news release. Earls Kitchen + Bar opened in 8,400 square feet at 150 Northeast Eighth Street.

D.R. Horton proposes 190 townhouses, 57 single-family homes in south Miami-Dade

D.R. Horton proposes a 247-unit residential development in south Miami-Dade County. The Arlington, Texas-based homebuilder plans 190 townhomes and 57 single-family homes on the southwest corner of Southwest 344th Street and 193rd Avenue in unincorporated Miami-Dade County, according to an application filed early this month. The 26.2-acre assemblage consists…

Edens pays $51M for Davie shopping center with a big box vacancy

Edens picked up a Davie shopping center with a recent big box vacancy. An affiliate of Columbia, South Carolina-based Edens, led by CEO Jodie McLean, paid $51.2 million for Weston Road Shopping Center at 4410-4484 Weston Road, records and real estate database Vizzda show. This month, the shopping center lost its major tenant when Office Depot moved out of the 108,623 sf…

Mixed-Use Transit-Oriented University Station in Hollywood Completed

A mixed-use development has been completed in Hollywood where a new commuter rail station is planned along the Brightline tracks. Developer Housing Trust Group held a grand opening last week for the $100M project, known as University Station. It is located at the site where a future commuter rail station is planned by Broward County, with access to Miami and Fort Lauderdale.

Starlife Group Launches Vertical Construction for 13-Story Mixed-Use Development in Hollywood

Starlife Group has launched vertical construction on 21 Hollywood, a 13-story mixed-use development located in Hollywood. Designed by Miami-based architect Kobi Karp, the project will feature 200 apartments and 10,000 square feet of ground floor retail space. Starlife Builders, a subsidiary of Starlife Group, serves as 21 Hollywood’s general contractor.

Louis Birdman and partners win approval for mixed-use development with 618 apartments in Hollywood

Developer Louis Birdman and partners advanced plans to build 618 apartments in Hollywood, as part of a mixed-use development on a city-owned brownfield property just west of I- 95. The Hollywood City Commission voted Wednesday to rezone the site from “government use” (GU) to “planned development” (PD) and approve a master plan for the mixed-use development…

Developer Proposes Final Phase of ‘Shalimar at Plantation’ at 8490 Cleary Blvd

Since October 2021, Florida YIMBY has closely followed developments regarding Shalimar at Plantation, a luxury rental community in its namesake city. Now, we’re here to share updates about the community’s third and final phase: Shalimar North, the accompaniment to Shalimar West and Shalimar East. Of the three phases, Shalimar North would offer the smallest units.

Carolina Club Golf Course Could Be Redeveloped into Mixed-use Venture at 3011 Rock Island Road in Margate

Boca Raton-based Rosemurgy Properties has filed plans to redevelop the defunct Carolina Club Golf Course in Broward County into a large-scale mixed-use project. The 150-acre site would undergo a major transformation if approved by city officials. The development plan includes 377 townhomes and a six-story apartment building with 507 units, along with 57,500 sf…

42-Story, 563-Unit Tower Society Las Olas Phase 2 Tops Off In Fort Lauderdale

Society Las Olas Phase 2 has topped off. The two combined phases of Society Las Olas will include a total of around 1,200 units. The first tower, which includes 639 units, was completed in 2020 and sold in 2021. It has since been renamed Flow Fort Lauderdale. The second tower is planned to add another 563 units. According to PMG’s website, the building height…

Developer plans nine-story hotel near downtown Fort Lauderdale

A Connecticut-based developer plans to build a nine-story hotel just east of downtown Fort Lauderdale and operate it under the Canopy by Hilton brand. New Castle Hotels & Resorts won city approval Tuesday for the 172-room hotel one block east of Federal Highway and two blocks north of East Las Olas Boulevard. New Castle paid $8.5 million in 2023 to acquire…

Realterm buys industrial outdoor storage in Pompano Beach for $25M

A logistics real estate company bought an industrial outdoor storage site in Pompano Beach for $25 million. Annapolis, Maryland-based Realterm purchased the property at 3120 Northwest 16th Terrace, according to the buyer’s news release. Entities led by Scott Daiagi sold the two-lot site, records show. Roberto Susi and Jose Sasson-Lerner of Axiom Capital Advisors represented…

Phase One of Parks at Delray Completes Construction at 2100 South Congress Avenue in Delray Beach

Construction has wrapped up on Phase One of Parks at Delray, a sprawling mixed-use development located at 2100 South Congress Avenue in Delray Beach, Florida. General contractor ANF played an integral role in delivering this initial phase, comprising 420 luxury rental units within the expansive 43-acre community. Developed by 13th Floor Investments and Key International…

Rockpoint JV sells West Palm office tower for $45M – 26% discount from purchase price four years ago

Bradford Allen Investment Advisors bought the One Clearlake office tower in West Palm Beach for $45 million, marking a nearly 26 percent discount from its previous sale price four years ago. Boston-based Rockpoint and its partners sold the 18-story building at 250 South Australian Avenue, according to records and real estate database Vizzda.

Riviera Beach approves 25-story mixed-use condo project

Forest Development’s Peter Baytarian can move forward with plans to build a pair of 25-story mixed-use condo towers in Riviera Beach. The Riviera Beach City Council Wednesday evening unanimously approved a pair of resolutions tied to the project, called Oculina, to be built at 3700 Broadway. Designed by Palm Beach Gardens-based Insite Studio, the Oculina project will be…

Live Local developers eye outcome of civil lawsuits and latest bill

Florida lawmakers recently strengthened the Live Local Act’s state control over municipalities, aiming to crack down on cities and counties that try to block applications filed under the workforce housing law. The amendments, unanimously approved by the House and Senate, which now await Gov. Ron DeSantis’ signature, are geared toward encouraging more Live Local Act projects.

Video: Ethan Chernofsky of Placer.ai Discusses RTO vs WFH Trends

In the world of commercial real estate, the pandemic has catalyzed significant shifts in the way workplaces function, and how businesses and employees perceive the office environment. As the host of America’s Commercial Real Estate Show pointed out, the pandemic has precipitated the widespread adoption of hybrid work models, leading to changes in office building traffic…

ULI Special Report: Optimism and Uncertainty

Both uncertainty about the economy and predictions of relatively strong performances for most commercial real estate asset classes permeated the second day of the Urban Land Institute’s 2025 Spring Meeting. At the same time, present sector fundamentals and economic indicators did little to assuage larger concerns for panelists around the yet-to-be-seen impacts of tariffs…

PolitiFact FL: Did Canadian tourism to Florida decline amid Trump’s 51st state comments?

Canadians have long spent wintertime in Florida, trading in frigid temperatures for the Sunshine State’s sunny beaches and spending money on restaurants and hotels that cater to Canadian tourists. But President Donald Trump’s rhetoric and actions targeting Canada has given some Canadians pause about spending money in the U.S. Trump has repeatedly said Canada should…

After Recent Policymaking Meeting, Atlanta Fed President Discusses FOMC Decision

The Federal Open Market Committee (FOMC) voted unanimously Wednesday to hold interest rates steady amid uncertainty over trade policy, as well as economic concerns that have been observed but have yet to appear in data. Atlanta Fed president Raphael Bostic supported the decision, citing the potential continuation of the current period of uncertainty.

Glory Days Ahead for Multifamily Owners in 2025

Like many other real estate assets that underwrote exceptionally well in 2021–2023, multifamily sits near the top. The tailwinds were significant: low interest rates, a mass shift to remote work, cap rates that dropped 10–20%, banks that were bullish on commercial real estate, and no tariffs. There was so much momentum that developers could absorb rapidly increasing…

Video: Fountain Residential CEO Brent Little on the Student Housing Sector Today

In a recent episode of America’s Commercial Real Estate Show, the host welcomed Brent Little, the President and CEO of Fountain Residential, to delve into the multifaceted world of student housing. Fountain Residential has been operating exclusively in the student housing sector for nearly a quarter of a century, developing over 50 projects across the United States…

Prosper Group, Forte Development File Pre-Application For 80-Story Mixed-Use Tower At 1040 South Miami Avenue In Brickell

Prosper Group and Forte Development have submitted a pre-application for an 80-story mixed-use tower at 1040 South Miami Avenue in Miami’s Brickell neighborhood. The proposal, filed under Miami-Dade County’s Rapid Transit Zone (RTZ) program, outlines plans for a 945-foot-tall structure comprising residential, hotel, and retail components. The site, previously…

One Twenty Brickell Residences Breaks Ground at 120 SW 8th Street in Miami

Prosper Group and Forte Development have submitted a pre-application for an 80-story mixed-use tower at 1040 South Miami Avenue in Miami’s Brickell neighborhood. The proposal, filed under Miami-Dade County’s Rapid Transit Zone (RTZ) program, outlines plans for a 945-foot-tall structure comprising residential, hotel, and retail components. The site, previously earmarked…

Pre-Application Filed For 80-Story Brickell Tower at 1040 S Miami Avenue

A pre-application was filed with Miami-Dade this morning for a new development in Brickell. The proposal is to develop under Miami-Dade’s Rapid Transit zoning plan, bypassing City of Miami planning approval. The new building is planned to be built at 1040 S. Miami Ave, on the property where a Virgin Hotel was once planned. The Project will be approximately 80 stories in height…

Prosper, Forte submit plans for 80-story mixed-use Brickell condo tower

Jay Roberts’ Prosper Group is teaming up with Forte Development on a proposed 80-story mixed-use condo tower in Miami’s Brickell, The Real Deal has learned. The developers submitted a pre-application under Miami-Dade County’s rapid transit zoning for the site at 1040 South Miami Avenue. RTZ can provide developers with additional density. The site is about a block away…

Construction Permit Filed For Midtown Miami’s Tallest Building

A construction permit application has been submitted to Miami’s Building Department for the Jean-Georges Miami Tropic Residences building. The building permit application was submitted on May 2 and is not yet in process. It lists Moss & Associates as the contractor. The tower is planned to rise 48 stories, or 606 feet above ground, according to a filing with Miami’s Urban…

Renderings Submitted For 948-Foot Tower In Brickell

The first batch of renderings have been revealed for a near-supertall tower proposed in Brickell. A pre-application for the development was filed with Miami-Dade yesterday, with renderings and additional details submitted shortly after. The pre-application filing lists the following proposed uses in the new building: 259 residential units 100 hotel units 48 hotel condo units 1,885…

Will Roman Jones conquer Miami River’s dining scene?

Sporting four gold skull-shaped rings on his right hand, Roman Jones points to a vacant lot across the water from Kiki’s on the River, his Mediterranean restaurant that caters to a jet-setting crowd on the outskirts of downtown Miami. “I’m going to call it Pirata,” Jones said. “It’s going to be a more affordable place for locals where you can show up in flip-flops, shorts and a baseball cap.”

Construction Permit Filed For Elle Residences In Edgewater

A construction permit application was submitted to Miami’s Building Department for the Elle Residences site. Elle Residences was first announced in May 2024. The permit application was filed on April 7 and is not yet in process. A contractor is not yet attached. The permit lists 180 units and 4,015 square feet of retail in 25 stories. Units will be delivered fully finished and…

Miami-Dade County Transportation Planning Organization; waterborne transit efforts flow on

The Miami-Dade County Transportation Planning Organization is in the final stage of development of its study for the feasibility of a waterborne transit network, following an initial report first published last October. According to a representative of the Department of Transportation and Public Works, the planning organization is finalizing a secondary study regarding…

Miami planning new public park near loanDepot Park

A new public park may soon take shape next to the Marlins’ stadium in Miami’s District Three, which has the fewest parks in the city, offering nearby residents and visitors a place to unwind outdoors. The Miami City Commission is weighing two zoning changes today (5/8) to facilitate the park’s creation. The .72-acre site at 1653 NW Fifth St. and 1628 and 1644 NW Sixth St…

Carnival Sets Sail for New Miami HQ

Calling Miami “the cruise capital of the world,” Carnival Corp. is setting course for a new Miami-Dade County home in the 250-acre Waterfront Business District, where it will build a multi-building global headquarters on a 15-acre site for about 2,000 North American team members by 2028. Carnival cruise ship Carnival Glory. Image courtesy of Carnival Corp. Carnival…

Carnival Corp. Announces New Miami HQ With Thousands Of Employees

Carnival Corporation announced plans today for a giant new global headquarters office in Miami. Hundreds of new high paying jobs will be added in Miami-Dade as part of the plan. Employees currently dispersed throughout other locations and regions will be moved to Miami as part of the plan, in addition to employees working in Carnival’s existing Doral offices.

Cruise giant Carnival will build a new HQ in Miami

Miami will continue to be the cruise capital of the world when Carnival Corporate moves away from Doral in a few years. The cruise operator isn’t moving far. It announced Monday it will build several buildings to serve as its new headquarters just south of Miami International Airport, in the Waterford Business District. The new campus will bring more workers, too.

Willow Bridge Unveils Luxury Apartments in Doral

Willow Bridge Property Co. has opened Leksa at CityPlace, a 391-unit luxury multifamily community located at 8401 NW 34th Terrace in the Miami suburb of Doral, Fla. According to Yardi Matrix, Leska at CityPlace was completed in 2024. The same source shows that the property is subject to a $103 million construction loan provided by Santander Bank.

South Florida industrial rents remain high in first quarter, despite demand slowdown

South Florida industrial landlords experienced less tenant demand in the first quarter, but asking rents remained high across Miami-Dade, Broward and Palm Beach counties, a recent report shows. As the year progresses, warehouse owners will likely curtail rent increases, as some landlords are already lowering their asking rents to maintain leasing momentum, the CBRE report states.

Russell Galbut: Miami developer developing his ownership-based Crescent Seas cruise line

With over 35 years of experience in the real estate sector, Russell Galbut is the managing principal and co-founder of Crescent Height and the founder of GFO Investments. Mr. Galbut has established Crescent Heights as a “best in class” developer with a proven track record in new construction and renovations. The company has been active in more than 15 major metropolitan…

820-Foot Building Proposed In Sunny Isles

A proposal has been filed for a potential new tallest building in Sunny Isles. If approved, it could become the tallest oceanfront building in the U.S., at 820 feet above ground and 828 feet above sea level. There are several buildings currently under construction in Sunny Isles at 750 feet above sea level, including the Bentley Residences and St. Regis Residences. The Federal Aviation…

Practical Density Expectations in Miami Area 5-Story Multifamily Builds

A recurring question in multifamily development involves the viability of 5-story projects. While zoning under the Live Local Act may allow for greater height and density, in practice, many sites face economic height constraints. That is, although taller buildings may be permitted, the marginal cost of construction per unit rises significantly with each additional story—often outpacing…

Pre-Application Filed For 375 New Apartments In Overtown

A pre-application was filed with Miami-Dade for 375 apartments at Culmer Place. Culmer Place is eventually planned to include 1,000 units. The first phase, with 239 units, is under construction, and several buildings are planned to be demolished. The newly proposed phase is planned to rise 8 stories, and include: 375 multifamily units, including a mix of affordable and workforce…

Sushi Garage Reveals First Look at Upcoming Restaurant at The Standard Residences in Midtown Miami

Juvia Group’s Sushi Garage is set to debut at The Standard Residences in Midtown Miami, bringing a contemporary interpretation of Japanese cuisine to the emerging residential and commercial district. The announcement comes as the 12-story, 228-unit development approaches completion, with a sellout nearing. The new location is the result of a collaboration…

Adam Neumann’s Flow, Canada Global win approval for 675-unit Aventura mixed-use project

Adam Neumann’s Flow and Canada Global can move forward with a three-tower, mixed-use project next to an existing office complex in Aventura. The Aventura City Commission voted unanimously and without discussion on Tuesday to approve the joint venture’s rezoning of an 8.6-acre site at 20801, 20803 and 20807 Biscayne Boulevard, allowing 70 units per acre instead…

Low single-digit vacancy rates boost South Florida’s retail market in first quarter

South Florida’s retail market is on a winning streak. For three consecutive quarters, the tri-county region experienced an overall vacancy rate of 3.5 percent, a historic low that is below the current national average of 4.2 percent, according to a recent Colliers report. However, a lack of new construction is creating a demand versus supply gap, the first quarter report states.

Benmark Capital Closes $25 Million Pre-Development Loan for Continuum Club & Residences in North Bay Village

Benmark Capital, a vertically integrated real estate private equity and debt investment firm, has announced the closing of a $25 million pre-development loan to Continuum Company for the advancement of Continuum Club & Residences, a planned 32-story luxury condominium development located at 1755 John F. Kennedy Causeway in North Bay Village, Florida. The financing…

El-Ad pays $20M for North Bay Village dev site planned for 22-story resi tower

El-Ad National Properties paid $20 million for a development site in North Bay Village planned for a 22-story residential tower. Boca Raton-based El-Ad, a division of Elad Group, bought the 1-acre property at 7913 West Drive from Aventura-based S2 Development, according to records and real estate database Vizzda. The buyer borrowed $10 million for the purchase…

Raanan Katz’s Miami Sears site planned for 1,050-unit Live Local Act project hits market for over $100M

After supersizing the development potential of a Sears site in Miami, Miami Heat minority owner Raanan Katz’s firm is listing the property for sale with an asking price of over $100 million, The Real Deal has learned. RK Centers wants to sell the 8.1-acre property at 3655 Southwest 22nd Street that’s approved for a 1,050-unit Live Local Act project and 50,000 sf…

‘7200 Collins’ to Offer 222 Luxury Units at 7200 Collins Avenue in Miami Beach

Construction is anticipated to start on a high-rise luxury condominium in this year’s fourth quarter. Located in Miami Beach, 7200 Collins will measure 12 stories above grade and offer 222 units, with homes ranging from 375 to 1,200 square feet each. Floorplans will include studio to two-bedroom layouts; in-unit features include nine-foot-high ceilings, Italian-inspired cabinetry…

Live Local boost: Developer enlarges planned Ojus project to 362 units using state affordable housing law

A development firm boosted the size of its planned apartment project in Ojus to 362 units, partly by seizing on density and height bonuses under the Live Local Act. Boca Raton-based Group P6 wants to develop the 21-story building with 3,600 square feet of retail at 2600 and 2630 Northeast 203rd Street in unincorporated Miami-Dade County, according to a filing…

Photos: Wynwood Plaza Nearing Completion

Photos show the massive Wynwood Plaza campus as it moves closer to opening. Amazon recently announced it was leasing 50,333 square feet of office space in the new development. The 12-story office tower at Wynwood Plaza will include 266,000 square feet of Class AAA space upon completion. The development also includes Wynwood Plaza Residences, with 509 high-end rental…

Scott Robins, Philip Levine list Wynwood shovel-ready dev site for $26M

Scott Robins and Philip Levine are looking to sell a shovel-ready Wynwood development site approved for a mixed-use project. The Miami Beach-based partners are seeking offers starting at $26 million, an offering memorandum shows. Tony Arellano and Devlin Marinoff with Dwntwn Realty Advisors are marketing the site, which is known as Wynwood Easel. Recently, Robins …

FC Barcelona Moving US HQ From New York To Downtown Miami

FC Barcelona announced that it is moving its US headquarters office from New York to downtown Miami. “The city of Miami has become a hub for soccer in the United States and for us it makes sense to establish our commercial operations in one of the key markets for the Club’s business,” said Joan Laporta, president of FC Barcelona. Miami’s Downtown Development Authority…

Homestead officials accuse Nascar race venue of owing $536K in rent

A Nascar racing venue in Homestead allegedly owes the city more than a half-million dollars in rent. Homestead-Miami Speedway has failed to pay the city $536,180 dating back to 2021, according to an April 25 letter from Homestead City Manager Zerry Ihekwaba obtained by The Real Deal. The demand notice was sent to Guillermo Santa Cruz, the speedway’s president.

Condo developers add F1 amenities to sell racing lifestyle

After rounding a corner, I stepped on the gas pedal. This time I managed it without going off the track. The engine revved, sounding just like a Formula 1 race. I was going over 100 miles per hour — the fastest I’ve ever driven. I had, minutes earlier, climbed into the body of an F1 car, my legs straight out in front of me, gripping an unfamiliar steering wheel. But I wasn’t really on a track.

Concrete Block Installation Underway At 427-Unit Apartment Building Near Arsht

Block installation is underway at Excel Miami, a 24-story apartment building under construction near the Arsht Center. Excel will have 427 apartments, with a total of 214,183 rentable square feet. Amenities will include a pool, yoga deck, fitness room, co-working space, screening room, and podcast suites. The Metromover School Board Station is a short distance away.

Condo Building With 222 Units To Begin Construction This Year In North Beach

Sales have launched for 7200 Collins, a new 12-story luxury condominium in North Beach. The development will include 222 condo units, with short-term rentals permitted Pricing starts at $600,000, with units sizes from studios to two-bedrooms (375–1,200 square feet). Amenities for residents will include two pools, a rooftop cinema, and event spaces.

Photos: Newly Completed Magnus Brickell, With 465 Apartments

Photos show the newly completed Magnus Brickell tower. Magnus Brickell is a 29-story Class A apartment building. It includes 465 residential rental units. Of those, 302 apartments are market rate, 70 apartments are workforce, and 93 units are for lower income tenants. Related Urban Development Group partnered with Miami-Dade on the development.

Miami Design District Rents Surged 67% Last Year

Rents in the Miami Design District grew 67% in 2024, according to Bloomberg, which cited a Cushman & Wakefield analysis. It was the fastest growth of any retail main street area in the Americas included in the Cushman & Wakefield report. Rents are now said to be $500 per square foot a year, which is the highest of any retail streets in the U.S. outside of New York and L.A. included…

Multiple New Retail & Restaurant Openings At Miami Worldcenter

A slate of new restaurant and retailers have just opened at Miami Worldcenter, with a grand opening celebration now just weeks away. Maple & Ash, Earls Kitchen + Bar, Sweet Paris Crêperie, The Spot Barbershop, and Starbucks are among the recent openings. Tenants already open at Worldcenter include: Apple; Sephora; Lululemon; Ray-Ban; Lucid Motors…

Michael Stern, JDS sue over allegedly defamatory website

Developer Michael Stern and JDS Development Group are alleging a John Doe orchestrated a smear campaign to spread false and defamatory information about him and his company, according to a lawsuit filed last week. Stern, CEO of Miami-based JDS, is suing to uncover the identity of the operator of the website JDSpulse.com and affiliated social media accounts.

Lease roundup: FC Barcelona moving HQ to Miami, hospitality guru Marc Falsetto plans restaurant in Fort Lauderdale

Professional soccer club FC Barcelona will move its U.S. headquarters to downtown Miami from New York. FC Barcelona, commonly known as Barça, is looking for both an office and at least 5,000 square feet of retail space, according to a news release from the Miami Downtown Development Authority. The Barcelona-based club received an incentive grant from the Miami DDA…

13th Floor, JSB Capital Group Obtain $67.5M Construction Loan for Multifamily Project in Davie

A joint venture between 13th Floor Investments and JSB Capital Group has obtained a $67.5 million construction loan for Parks at Davie, a 383-unit multifamily project in the north Miami suburb of Davie. Santander Bank provided the loan. Peter Mekras of Aztec Group advised the joint venture on the capitalization, which also included an undisclosed amount of preferred equity…

Foundation Work Progresses on 21 Hollywood at 2100 N. Federal Highway in Hollywood

Construction is advancing at 21 Hollywood, a 14-story mixed-use development currently underway at 2100 N. Federal Highway in Hollywood, Florida. Designed by Miami-based architect Kobi Karp and developed by Starlife Group, the project recently reached a key construction milestone with the completion of the initial series of concrete slab pours for the foundation.

308-Unit Community Proposed for Parking Lot of Mall at 527 SW 145th Terrace in Pembroke Pines

Following a trend of building residential developments in parking lots, Federal Realty Investment Trust has proposed a 308-apartment complex in Pembroke Pines. The venture would occupy 2.7 acres of the Shops at Pembroke Gardens’ parking lot; the developer purchased the mall itself for $180.5 million in 2022. The new development would offer studio, one-bedroom…

Federal Realty proposes 308-unit apartment complex at Shops at Pembroke Gardens

Federal Realty Investment Trust proposes a 308-unit apartment project on a portion of its Shops at Pembroke Gardens. The North Bethesda, Maryland-based firm wants to build the project on a 2.7-acre parking lot at the 40-acre shopping center at 527 Southwest 145th Terrace in Pembroke Pines, according to filings to the city. The Pembroke Pines Planning and Zoning Board…

Home Depot on tap? Retailer pays $20M for 5-acre commercial plaza in Pembroke Park

Home Depot bought a commercial plaza in Pembroke Park for $20 million, adding to its holdings in the Broward County town. The Atlanta-based big box retailer purchased the property at 3101-3129 West Hallandale Beach Boulevard from an entity led by Joseph and Elena Edelman, according to records and real estate database Vizzda. Completed from 1984 to 1990…

Housing Trust Group and Mount Hermon AME Church Complete $43.5M Affordable Senior Community in Fort Lauderdale

Housing Trust Group (HTG), in partnership with Mount Hermon African Methodist Episcopal Church Inc. under the ministry of Rev. Dr. Henry E. Green Jr., has completed Mount Hermon Apartments, a seven-story affordable housing community for seniors aged 62 and older in Fort Lauderdale. Located at 750 NW 4th Street, the $43.5 million development delivers 104 income-restricted…

First Look at Interiors for Sereno Fort Lauderdale, a 14-Story Luxury Condo Project from Integra Investments and Flying Point

Newly released renderings offer a first glimpse at the interiors of Sereno Fort Lauderdale, a 14-story, 76-unit luxury condominium development rising at 2901 NE 9th Court in Fort Lauderdale. Developed by Integra Investments in collaboration with Flying Point, the boutique tower is designed by FSMY Architects + Planners, with interiors by UK-based firm 1508 London…

Second Phase of ‘101 Dania Beach’ Starts Construction at 102 S.W. 1st Street in Dania Beach

For close to three years, Florida YIMBY has been following updates regarding 101 Dania Beach, a multi-family housing development we first covered in October 2022. The 13-story luxury venture is just five weeks away from completion, where it will feature 278 apartments. Now, we’ve learned that developers Apollo Cos. and Liberty Base Investments have started construction…

Embattled senior living tycoon Leo Friedman pays $30M for Delray Beach facility

Controversial senior living tycoon Leo Friedman bought a facility in Delray Beach for $30 million. New York-based Citadel Care Centers, led by founder and CEO Friedman, bought the 472-unit Abbey Delray at 2000 Lowson Boulevard from Dallas-based Lifespace Communities, according to records and real estate database Vizzda. The buyer borrowed $42 million from Metropolitan…

Grover Corlew Lands $48M Refi for Boca Raton Office Campus

Palmetto Central comprises two renovated buildings rising four and five stories. Image courtesy of Grover Corlew Grover Corlew has obtained $47.5 million for the refinancing of Palmetto Central, a two-building, 170,000-square-foot office campus in Boca Raton, Fla. City National Bank of Florida provided the loan. Previous financing included an almost $22 million loan…

Construction Tops Off on The Nora Hotel in West Palm Beach’s Nora District

Construction has topped off on The Nora Hotel, a five-story, 201-key boutique hospitality development underway in the emerging Nora District of West Palm Beach. The project is being developed by BD Hotels and Sean MacPherson, in collaboration with NDT Development, Place Projects, and Wheelock Street Capital. Slated for completion in late 2026, the hotel marks BD Hotels…

Construction Starts on Senior Housing Development at 3765 Georgia Street in West Palm Beach

A multi-phase housing development designed by REG Architects has broken ground in West Palm Beach. The project is called “Roseland Gardens,” and it will replace a public housing community built in the 1940s. The first phase of the two-phase venture will comprise 148 homes divided between two four-story buildings. The buildings themselves will measure 75,000 sf…

Related Ross Announces Equinox-Curated Fitness and Wellness Programming at Shorecrest in West Palm Beach

Related Ross has announced that Shorecrest, a forthcoming 28-story luxury condominium development located at 1901 North Flagler Drive in West Palm Beach, will feature a comprehensive wellness program and amenity package curated in collaboration with Equinox. The partnership integrates the lifestyle brand’s fitness and spa standards into the residential development’s…

Related Ross, partners buy WPTV’s studio and offices in West Palm for $40M

Steve Ross and his partners bought WPTV’s studio and office building in West Palm Beach for $40 million in a sale-leaseback deal. The purchase comes as Ross, downtown West Palm’s biggest commercial landlord, is redeveloping the area with office, apartment and condo towers. Related Ross, Wexford Real Estate Investors and the Ardid family’s Key International…

Coco family office jumps into West Palm Beach with $46M acquisition

Coco Group is stepping into the downtown West Palm Beach commercial market with a $45.7 million purchase. An entity managed by Wesley Diong, CFO for Toronto-based family office Coco Group, acquired Echo, a 100-year-old mixed-use building at 205 Datura Street, records show. The buyer, led by CEO Jenny Coco, paid $637 a square foot for the 71,694-square-foot…

Down for the count? Don King’s Mangonia Park site faces $38M foreclosure

A $38 million foreclosure complaint could knock out Don King’s plan to sell 52 acres in Mangonia Park. On Wednesday, an affiliate of Taylor Made Lending, a Pompano Beach-based hard money lender, sued King and three of his entities in Palm Beach County Circuit Court alleging he defaulted on three separate loans obtained between 2023 and last year, court records show.

Edens Revitalizes Downtown Palm Beach Gardens Development With 13 New Retailers, Capital Improvements

Edens has added a new wave of retailers to join the roster at Downtown Palm Beach Gardens, a 403,000-square-foot open-air retail center in Palm Beach Gardens. Recently opened concepts include Skin Laundry, MeTime Salon, TINA Stephens, ZOE Boutique and Vagabond Kids Apparel. Committed tenants that will open soon include Pura Vida Miami, Crew Factory, Sweathouz…

Construction Starts on ‘Gardens Vista’ at 12450 Central Boulevard in Palm Beach Gardens

Florida YIMBY has an update regarding a multi-family housing development we covered nearly 12 months ago. Our April 2024 report shed light on Gardens Vista, a 221-unit, four-story apartment complex in Palm Beach Gardens. Construction has now started on the venture, with general contractor Straticon aiming for a spring 2027 completion. The homes will occupy a 6.7-acre site…

Riviera Beach seeks developers for waterfront entertainment complex

After plans for a Margaritaville-branded hotel fizzled out, Riviera Beach’s Community Redevelopment Agency is once again seeking bids from developers to build a mixed-use commercial project on publicly owned waterfront land. Riviera Beach officials this week posted the new bid request on Bidnet Direct, an online platform for local government agency contract bids.

The Fed: State and metro employment: First quarter 2025

On April 18, 2025, the Bureau of Labor Statistics released the first quarter data for total nonfarm employees at the state and metro levels. At the state level, Texas led all states, adding 74,100 jobs in the first quarter. California had the largest decline, losing 54,800 jobs. The FRED map above shows the change in employment in each state during the first quarter. If you sum up the individual…

Florida legislative roundup: Here are real estate bills that passed and failed

In broad changes, the Florida Legislature passed bills related to condo safety laws enacted after the deadly Surfside condo collapse, and the state’s workforce housing law, known as the Live Local Act. The bills, both approved just before the legislative session closed late last week, now head to Gov. Ron DeSantis’ desk for final approval. Bills aimed at curbing mismanagement…

Aging Florida Condos Provide Developers With Strategic Opportunities

In the wake of the 2021 Surfside condominium collapse, Florida enacted sweeping changes that affect condominium governance, structural maintenance requirements, and reserve funding obligations. These changes have not only increased the financial burden on many older associations but have also created significant challenges—and opportunities—for developers and investors…

Florida Logs Some of the Biggest Apartment Supply and Demand Nationwide

Florida logged considerable apartment demand in the year-ending 1st quarter 2025, at a pace that overtook sizable new supply volumes. Sun Belt states Texas and Florida have seen massive apartment delivery volumes over the past few years, spurred by sizable in-migration volumes and economic growth. Florida logged delivery of over 80,000 new apartments in the year-ending…

What Is A Bonded Warehouse? Here’s What Shippers Need To Know

Shippers of all stripes have scrambled for the last month as the Trump administration’s blistering tariff regime came into clearer focus, seeking ways to blunt the impact of steep levies imposed on every major trade partner. One solution in particular has emerged, with industrial users hunting for access to a small and dwindling pool of property. The sought-after spaces…

MG Developer Obtains $105M Construction Loan for Multifamily Development in Hialeah

MG Developer has obtained a $105 million construction loan for Metro Parc South, a 347-unit apartment community located at 954 and 934 E. 25th St. in Hialeah, a suburb of Miami. The multifamily project will be part of MG Developer’s 2.3 million-square-foot Metro Center master project that also includes the 10-story Metro Parc tower, the 55-unit Metro Station and the 620-unit…

MG Developer lands $105M construction loan for Hialeah multifamily project

MG Developer will soon break ground on a Hialeah multifamily project after scoring a $105 million construction loan. Scale Lending, a joint venture between Slate Property Group and The Carlyle Group, provided the financing for Metro Parc South, a planned 10-story building with 347 apartments at 954 and 934 East 25th Street, a press release states. Coral Gables-based MG Developer…

Goal! Jorge Mas, David Beckham, Ares score $450M construction loan for soccer stadium

Billionaire Jorge Mas, David Beckham and Ares Management nabbed a $450 million loan for a planned soccer stadium in Miami that is already under construction. It marks the largest construction loan in South Florida so far this year. The partnership developing the $1 billion Miami Freedom Park, a massive mixed-use project anchored by a new 25,000-seat home for Inter Miami…

Pinnacle Opens 215-Unit Affordable Housing Community in South Miami-Dade County

Miami-based Pinnacle has opened Pinnacle at Tropical Pointe, a new 215-unit affordable housing community located at 25155 S.W. 136th Ave. in Princeton, a city in south Miami-Dade County. The property features a mix of one- to four-bedroom apartments spread across six garden-style buildings, with amenities including a swimming pool, fitness center, business center and a playground.

i5 Wynwood Nears Full Lease-Up, Advancing Co-Living Model in Miami’s Urban Core

Leasing activity at i5 Wynwood continues to advance, with the co-living development now reportedly 90% leased less than a year after its market debut. Located at 51 NW 28th Street in the Wynwood Arts District, the nine-story project represents Miami’s first purpose-built co-living community and was developed by Related Group in partnership with W5 Group.

Pérez family’s Related proposes 800-plus-unit Live Local Act project at Jackson Memorial Miami campus

The Pérez family’s Related Group proposes an 842-unit Live Local Act project with a hotel at Jackson Memorial Hospital’s campus in Miami. Coconut Grove-based Related’s affordable housing arm wants to develop a 27-story tower with 460 apartments on a parking lot at 1165 Northwest 11th Street and an adjacent 31-story tower with 382 units replacing a garage and medical…

‘Twenty Sixth & 2nd Wynwood Residences’ Proposed for 201 NW 26th Street in Miami

Property Markets Group (PMG) and LNDMRK Development have announced plans for a unique housing development in Miami. Twenty Sixth & 2nd Wynwood Residences will measure eight stories, offering fully-furnished 233 residences and offices that owners could rent out through Airbnb. Sources share that the studio, junior suites, and one-bedroom units would span about 400 to 760 sf…

In Park West, Two Cranes Planned To Rise Over 500 Feet

Plans for two temporary construction cranes have been submitted to the Federal Aviation Administration. The cranes are proposed for the 38 West Eleventh Residences site, where foundation work is underway. In the filings received by the agency earlier this month, the cranes are both proposed to rise over 500 feet. The first crane is proposed at 550 feet above ground, or 562 feet above sea level.

Developer Of 70-Story Brickell Tower Calle 8 Seeks Clarity On Rental Flexibility

The developer planning Brickell’s 70-story Calle 8 tower has filed a Zoning Verification Request with Miami-Dade. Miami-Dade recently approved the property for a mixed-use development with 464 residential units, a 75,736 square foot performing arts venue, and 28,599 square foot of commercial space. The developer is asking for confirmation from the county that residential…

82-Story Downtown Miami Development Site on Biscayne Blvd Being Marketed

A development site in downtown Miami is being marketed, according to a press release. Hilco Real Estate said it has been retained to market the property. The property is on Biscayne Boulevard, and a Holiday Inn is currently operating there. Renderings show an 82-story tower on the site. A bankruptcy case was filed several months ago by the owner of the hotel…

Downtown Miami hotel planned for 82-story redevelopment hits market

Four months after filing for bankruptcy on his downtown Miami hotel, Brazilian investor Gilberto Bomeny put the storied building planned for a massive redevelopment on the market. Bomeny is open to options for the Holiday Inn Port of Miami-Downtown at 340 Biscayne Blvd, including selling the site, securing a debt or equity investor to refinance the $70 million loan that defaulted…

Report: New York City Lost Billions In Income To Miami

Tens of thousands of New Yorkers with a combined billions in income have moved from New York to the Miami area in recent years, according to a new analysis. The study analyzed IRS and other data, and was first reported on by Bloomberg. Here’s how many moved from New York City to the Miami area between 2018 and 2022, and their combined income…

Top 5 Office Projects Under Construction in Miami

Miami’s office construction activity continued solid performance recorded throughout 2024. During the first three months of the year, the metro’s pipeline consisted of 2.5 million square feet of space across 16 properties, according to CommercialEdge data. This accounted for 3.1 percent of its existing stock, above the national average of 1 percent. The following list consists…

Women’s Cancer Center rising at Baptist Health ~ 155k sf

Construction is visibly underway on the Al and Jane Nahmad Women’s Cancer Center at Baptist Health’s main campus in Kendall, where metal beams and early framing are rising on the southwestern portion of the property. The 155,000-square-foot outpatient facility, which broke ground last fall, is slated for completion by the end of 2026. It will expand the capabilities…

Push aims to get behind-schedule Metromover upgrades on track

A behind-schedule upgrade of the Metromover transit system is seeking ways to get its timetable back on track while it continues to disrupt downtown mobility to let the county finish a long list of upgrades, a spokesman says. In the past four months, the county has been overhauling the hydraulics that let the rubber-tire trains switch guideways, upgrading the power…

Carlos Migoya: Steers Jackson Health System through funding uncertainties

Carlos Migoya has served as president and CEO of Jackson Health System since May 2011, overseeing one of the nation’s largest and most respected public healthcare networks.  Mr. Migoya said Jackson has the distinction of bringing world-class medical care – including the medical school faculty and students from the University of Miami and Florida International University…

Allapattah development agency up to county now

Allapattah is on the cusp of major change after city leaders signed off on the official redevelopment plan for one of Miami’s most historic yet overlooked neighborhoods. On April 24, The Miami City Commission approved the Community Redevelopment Agency (CRA) Plan for Allapattah, paving the way for long-term investment in affordable housing, infrastructure and economic…

PMG Secures $413M Construction Loan for One Twenty Brickell Residences in Miami

PMG has secured a $413 million construction loan for One Twenty Brickell Residences, a two-tower condominium and apartment development located at 120 S.W. 8th St. in Miami’s Brickell Financial District. Christopher Peck, Brian Gaswirth, Nicco Lupo, Nick Lavin, Jimmy Calvo and Paul Adams of JLL arranged the financing through an Ares Real Estate fund…

PMG lands $413M construction loan for Brickell towers, marking largest financing in South Florida so far this year

PMG scored a $413 million construction loan for its planned two-tower development in Brickell, marking the largest financing in South Florida so far this year. Ares Management and Monarch Alternative Capital are teaming up to finance One Twenty Brickell Residences, the complex PMG plans to build at 120 Southwest Eighth Street, according to a press release. It follows just weeks…

MG Developer Secures $105 Million in Construction Financing for Metro Parc South in Hialeah

Miami-based MG Developer has announced the securing of $105 million in construction financing for Metro Parc South, a forthcoming 347-unit transit-oriented multifamily development in Hialeah, Florida. The project is part of the larger Metro Center master plan and will be developed with financing provided by New York-based SCALE Lending, the lending arm of Slate Property Group.

Live Local Act amendment threatens Art Deco, MiMo buildings: Miami Beach officials

Imagine a world where developers would be allowed to bulldoze historic Miami Beach buildings designed by famous architects such as Morris Lapidus, Lawrence Murray Dixon and Henry Hohauser. That’s the alarm Miami Beach elected officials are sounding if changes to Florida’s Live Local Act don’t include protections for historic Art Deco, Miami Modern (MiMo)…

Northlink launches sales for short-term rental-friendly North Miami Beach condos

Northlink Capital is launching sales for a planned short-term rental-friendly condo project in Miami Beach’s North Beach neighborhood. Prices at 7200 Collins, the 12-story, 222-unit building planned at 7200 Collins Avenue start at $600,000, according to a press release. New York City-based Northlink, led by Robert Rosenthal, tapped OneWorld Properties…

Photo: Construction Progress At Brickell’s Una Tower

Construction is continuing at Una Residences in Brickell, which topped off last year. The 47-story, 579 foot tower is one of the tallest in that part of Brickell. It is being designed by Adrian Smith + Gordon Gill architects. Una will include around 135 residential condos. Construction for the project began in the fall of 2020, with contractors working to build the deepest and most expensive…

39-Story Isle of Dreams Planned With Sweeping, ‘Innovative’ Design for North Bay Village

Plans for a 39-story, 450-foot tower called Isle of Dreams have been submitted to Miami-Dade’s Shoreline Review Committee. Isle of Dreams will have an innovative architectural design that “not only creates a landmark entry to the island but also sweeps the building mass away from the waterfront to avoid the “walled off” effect typical of some waterfront developments,” according…

Garage Demolition Nearly Complete At One Bayfront Plaza

Demolition of the retail and garage structure at One Bayfront Plaza appears to be nearing completion. The next phase will be demolishing the 19-story tower that was attached to the garage. Demolition of the nearly 70-year-old structure in the heart of downtown Miami began in 2023. The owner of the property is planning a supertall, landmark 1,049-foot tower on the site, with offices…

Exterior Work Advances on Viceroy Brickell at 77 SE 5th Street in Miami’s Financial District

Exterior work continues to advance on Viceroy Brickell – The Residences, a 45-story residential tower underway at 77 SE 5th Street along the Miami River and Brickell Avenue. The project is being developed by Related Group and GTIS Partners, in partnership with hospitality brand Viceroy Hotels & Resorts. Arquitectónica is serving as the architect, with interiors by Meyer Davis…

41-Story ‘Wynwood Tower’ Proposed for 330 NW 37th Street in Miami

A 41-story tower has been proposed under the Live Local Act for Miami’s Wynwood Norte neighborhood. Wynwood Tower would comprise about 400,000 square feet of new construction, offering 234 residences. There would be studio to two-bedroom apartments, measuring 400 to about 890 square feet, along with a 9,749-square-foot penthouse. Currently, the 0.56-acre site is zoned…

Two New Brickell Towers About To Break Ground, With $413M Loan Secured

Two Brickell towers will break ground shortly, after the developer secured a massive construction loan for them. Groundbreaking is planned this week, with completion expected in 2028. The construction loan amount is $413 Million. The towers will rise 37 and 41 stories, and share a podium. The first tower, known as One Twenty Brickell Residences, will include 266 condos…

24-Story 400-Unit Live Local Development with Micro Units Proposed Near Metrorail

Plans have been submitted to Miami’s Urban Development Review Board for a live local tower in Allapattah. The property is about a five minute walk from both the Santa Clara Metrorail station and from the Rubell Museum. The new tower is planned to rise 24 stories and include: 400 multifamily residential units (including around 40 micro units) 17,800 square feet…

Miami’s Brickell props up South Florida’s office market in first quarter

Class A demand in Miami’s Brickell and West Palm Beach propped up South Florida’s office market in the first quarter. Landlords experienced positive signs, such as rising average asking rents, and vacancy rates ticked down even as the tri-county region experienced a glut of new inventory, a JLL report shows. Some developers are pulling back by either canceling…

Photo: Glass Installed At 65-Story E11EVEN Residences Beyond

The first glass was recently installed at the 65-story E11EVEN Residences Beyond tower in Park West, photos shows. The tower is planned to top off at 699 feet above ground, or 709 feet above sea level. It will include around 558 residential units, 7,119 square feet of bar or lounge space, and 21,611 square feet of retail. Two E11EVEN towers are under construction on the same block…

Miami board approves Braman Motors’ Edgewater auto building, Ex-MLB player’s Live Local Act tower in Wynwood Norte

A Miami board approved Braman Motors’ 11-story automotive building in Edgewater and former professional baseballer Alex Guerrero’s apartment tower in Wynwood Norte. But the board tied on Acre’s proposed multifamily project near Miami’s MiMo Biscayne Boulevard Historic District. At their Wednesday meeting, members of the Miami Urban Development Review Board…

Michael Stern’s JDS scores upzoning approval to build South Beach condo tower

The Miami Beach commission granted Michael Stern’s JDS Development Group and Gianluca Vacchi’s GV Development Group initial approvals on an upzoning for a planned luxury condo tower in South Beach. Commissioners unanimously passed on first reading zoning amendments that will allow the developer to build a taller and slimmer tower on the site at 1250 West Avenue.

First Direct Wallet-to-Wallet Cryptocurrency Real Estate Sale Completed at The Rider Residences in Miami

Miami-based developers Rilea Group and Cipres have announced the completion of the first direct wallet-to-wallet cryptocurrency residential sale at The Rider Residences, a 12-story, 146-unit residential building under construction at 94 NE 29th Street, situated between Midtown Miami and Wynwood. The transaction involved the sale of an east-facing studio spanning 391 sf…

Hialeah affordable housing incentives get initial green light

Developer-driven legislation in Hialeah to reward more density to projects that set aside apartments for low-income residents is likely to win final approval. On Wednesday, the Hialeah City Council unanimously approved on first reading an ordinance that gives developers up to an additional 25 units per acre if they designate 15 percent of a project’s units for tenants who earn up to 60…

‘Grand Hyatt Miami Beach’ to Complement Nearby Convention Center at 17th Street and Convention Center Drive in Miami Beach

With sitework already complete, developers Terra and Turnberry are advancing on a 17-story hotel in Miami Beach. Originally approved in 2018, Grand Hyatt Miami Beach will feature 800 rooms spanning 12 floors. A press release shares that of those rooms, 52 will be luxury guest suites. There will also be four floors with event and ballroom space. Communal amenities will include…

Deep-Soil Mixing Process Set to Begin at The Delmore in Surfside, Miami

Construction continues at The Delmore, where DAMAC International has announced the upcoming commencement of the deep-soil mixing (DSM) process for its 12-story, ultra-luxury oceanfront condominium project at 8777 Collins Avenue in Surfside, Miami. The Delmore represents DAMAC’s initial foray into the U.S. market and is positioned within Miami’s…

Freehold Capital pays $32M for dev site approved for 309 townhouses in south Miami-Dade

Legacy Residential Group and CD Group sold a development site near Florida City for $31.6 million, scrapping their plan for 309 rental townhouses. Boston-based Freehold Capital Management bought the 50-acre land assemblage on the southeast corner of Southwest 344th Street and Southwest 199th Avenue in unincorporated Miami-Dade County, according to records.

$7.6M Sale of Flex Office Building at 6405 NW 36th Street in Miami Brokered

Cushman & Wakefield has brokered the $7.6 million sale of the Avex Building, a 48,881-square-foot, multi-tenant flex office and warehouse building located at 6405 N.W. 36th St. in Miami. Miguel Alcivar, Scott O’Donnell, Greg Miller and Mike Ciadella of Cushman & Wakefield represented the seller, Taha Properties, in the transaction. Joseph Suarez of Trustpoint Realty LLC….

Construction Underway at ENSO, an 8-Story, 85-Unit Multifamily Development in Miami’s The Roads Neighborhood

Construction is officially underway at ENSO, an eight-story boutique multifamily residential development located at 3025 SW 3rd Avenue in Miami’s historic The Roads neighborhood. Developed by Empira Group, the 85-unit project marks a significant addition to the Coral Way corridor, positioned between the urban cores of Brickell and Coral Gables. Designed to blend timeless…

Live Local Tower Planned Near Metrorail With ‘Dramatic’ Nighttime Lighting

Miami’s Urban Development Review Board was scheduled to review a proposal for a new tower called Aurea at a meeting yesterday. The development site is about a seven minute walk from the Culmer Metrorail station. Aurea is planned to rise 29 stories, or 310 feet, and include: 352 residential multifamily units 3,611 square feet of ground floor commercial 291 parking spaces…

Photos: Glass Installed at Domus Brickell Park Development With 171 Units

Photos show the Domus Brickell Park development, which topped off earlier this year. The 12-story development will include 171 fully furnished, short-term friendly units. The building is on track to obtain a temporary certificate of occupancy by the end of 2025, with its hotel and residences on schedule to open in Q1 of 2026. North Development is the developer. …

Photo: Six Cranes On One Downtown Miami Block

There are now six cranes in place on a single block in downtown Miami, where four towers are being built. The four towers under construction on the block include: Okan Tower, planned to reach 70 stories, or 902 feet. It will include a 316-key Hilton hotel, 236 condo units, 163 Sky Residences, and 64,000 square feet of office space Downtown 6, planned to rise 58 stories…

Utilities Deal Completed For Brightline Bridge To Aventura Mall

Brightline’s bridge to Aventura Mall got a boost earlier this month with the completion of a utilities relocation deal with Miami-Dade. The agreement was dates April 9, and is between Miami-Dade’s Water & Sewer Department and an entity owning  a parcel on the east side of Biscayne Boulevard, next to Aventura Mall. Once complete, Brightline passengers will be able to use…

North Miami’s 7th Avenue corridor eyes major revitalization

Since opening in 2020, outdoor entertainment venue The Nomi Village has hosted numerous community events in North Miami. However, according to owners Aston McEwan and Vic Jean Claude, attracting visitors from surrounding municipalities has been difficult. “Updating the area and bringing different things to attract different people into the community — that’s needed…”

Census: Miami Moves up to 6th Place on Biggest Metros List

The metro areas of both Miami and Washington D.C. have leapfrogged metro Atlanta in terms of overall population, bumping Georgia’s capital city back to No. 8 on the list of largest metros in the country, according to Vintage 2024 estimates of population totals and components of change recently published by the U.S. Census Bureau. Last year, the 2022-2023 version…

Lease roundup: Restaurateur Jay Shirodkar plans steakhouse in Flagler Village, CDS Realty lands office tenants in Hollywood

Prominent restaurateur Jay Shirodkar, known for his Naked Taco venues in South Florida, plans a new dining concept in Fort Lauderdale. Shirodkar will open the 9,500-square-foot Jay’s Steakhouse at 441 Northeast Third Avenue in the Flagler Village neighborhood, according to the broker’s news release. Shirodkar is president of Yes Hospitality Group.

Coral Gables History: The Birth of The City Beautiful

According to a report by Bloomberg in April 2024, Coral Gables is the most expensive and sought after neighborhood in the U.S. and the third-most expensive city in the world. In addition to Coral Gables, Florida has seven of the nation’s wealthiest neighborhoods, and, since the pandemic, Florida has become the fastest growing state in the Union. But, ironically, for most of its history…

Florida Man Arrested Decades After 1986 Killing of Beloved North Miami Real Estate Developer Who Was Shot in Office

Florida authorities have made an arrest in the 1986 cold case murder of a successful commercial real estate developer. Jeffrey Taylor, 64, was taken into custody Thursday, April 24, in connection with the killing of 49-year-old Shirley Brant. He is charged with second-degree murder with a firearm. “The resolution of this case reflects our department’s commitment to justice…

Coral Gables History: George Merrick was a Man with a Plan

Twenty-five years into the 20th century, Florida real estate developer George Merrick rode the national wave of optimism following the end of WWI and achieved his long-standing goal of creating a new resort destination in the heart of the American tropics. Coral Gables was on the map. Merrick was not alone among the country’s developers in seeing opportunity in the creation…

Raanan Katz jumps onboard Publix buying spree, pays $16M for Miramar site

Raanan Katz is getting in on the Publix action. His Sunny Isles Beach-based RK Centers paid $16.4 million for a Miramar shopping center anchored by the popular supermarket. An RK affiliate picked up Shoppes at Monarch Lakes at 14303 Miramar Parkway, records and real estate database Vizzda show. The deal breaks down to $247 a square foot for the 66,481-square-foot…

33,827 SF Office Lease Arranged for MSC Cruises in Fort Lauderdale

Cushman & Wakefield has arranged a 33,827-square-foot lease for MSC Cruises USA, the North American arm of the Geneva, Switzerland-based international cruise line, at BayView Corporate Tower in Fort Lauderdale. MSC Cruises USA will expand its office by 15,000 square feet, using the sixth floor of the tower to house its finance, outbound sales, IT and human resource teams.

Miami-Based Developer Proposes 300 Apartments for 7510 West Sunrise Boulevard in Sunrise

Developer Plantation B2 LLC hopes to get approval for an apartment complex that would take shape in the parking lot of Chewy’s headquarters in Sunrise. The Miami-based firm has proposed a six-story, 300-unit apartment building. Homes would span studio to three-bedroom floorplans, and 20 percent of them (60) would be reserved for tenants earning up to 120 percent…

Six-story hotel to replace aging, single-story motel on U.S. 1 in Dania Beach

A developer won city approvals to replace an aging, single-story motel on U.S. Highway 1 in Dania Beach with a six-story, 79-room hotel that would affiliate with an extended-stay hotel chain. The Dania Beach City Commission voted 3-2 last week to approve a site plan for the hotel development, plus two zoning variances related to trees and landscaping, two variations from design…

Morgan picks up waterfront Deerfield Beach dev site four years after initial offer

Morgan Group paid $12 million for a waterfront Deerfield Beach development site, four years after an initial $16 million deal fizzled for the same property. An affiliate of Morgan, a Houston-based multifamily development firm led by Phillip Morgan, acquired four parcels totaling 8.4 acres at 412 to 450 North River Drive, 414 to 480 Northeast First Avenue, 409 North River Avenue…

Butters sells Delray Beach dev site for $20M where buyer plans new HQ

Butters Group sold a development site in Delray Beach for $20 million, where the buyer is building a new headquarters. Hoerbiger Corp. of America, led by CEO Thorsten Kahlert, bought the 14.2-acre property at 9888 West Atlantic Avenue from an affiliate of Coconut Creek-based Butters, led by Malcolm Butters, records and real estate database Vizzda show. The site is within…

West Palm Beach medical office and retail plaza sells for $18M

An entity managed by broker Kenneth J. Mantovani III bought a medical office and retail plaza in West Palm Beach for $18 million. Mantovani purchased the commercial center at 8120, 8132, 8136, 8140, 8144, 8146 and 8170 Okeechobee Boulevard from an entity managed by Richard, Patricia, Grant and Tucker Elliott, according to records. The buyer borrowed $17.6M…

Index scores approval for 323-unit multifamily project with workforce apartments in West Palm Beach

A developer scored approval for a 323-unit multifamily project in West Palm Beach that will include workforce apartments. Index Investment Group, a Jupiter-based firm that was founded in Sweden, plans the 12-story Oasis Tower on a 2.2-acre vacant site at 1415 Centrepark Boulevard, according to West Palm Beach’s commission agenda. On Monday, West Palm…

Can Don King’s 52-acre Palm Beach County site fetch $100M-plus offers?

Don King is stepping back into the real estate ring by listing 52 acres in Palm Beach County’s Mangonia Park where previous attempts to develop the property fizzled out. The former Palm Beach Jai Alai fronton site at 1415 45th Street owned by the iconic boxing promoter recently hit the market without an asking price, The Real Deal has learned.

Marriott to Acquire CitizenM Hotel Brand for $355M

Marriott International has reached an agreement to acquire the brand and related intellectual property of citizenM, a hospitality brand based in the Netherlands. The deal is valued at $355 million. The citizenM brand comprises 36 open hotels spanning 8,544 rooms, with properties located in cities such as Paris, Rome, London, New York City and Miami. There are three more…

How Tariffs Impact Retail Foot Traffic

Retail shopping foot traffic hasn’t just recovered, it’s accelerating, according to recent data for April from pass_by. The ongoing news about import tariffs is a factor, according to the survey firm. Not all agree. Some point to the Easter holiday, the 3.6 percent rise in income tax rebates this spring, and Wall Street chatter that is louder than that heard on Main Street.

Self-Storage: So Far, So Good.

2024 certainly wasn’t a standout year for self storage. Lower home sales led to fewer movers, and fewer movers meant reduced demand for storage space. Now, 2025 has brought its own challenges. Home sales still haven’t returned to their long-term averages, and the combination of tariff uncertainties and looming recession fears is causing businesses to hesitate…

U.S. Apartment Market Sees Strong Leasing Momentum

The U.S. apartment market saw strong momentum in new lease trade-out in the first three months of 2025. The month-over-month change in new lease trade-out ranked consistently around 1.4% in January, Febraury and March. While this time frame historically is a strong one for the U.S. apartment market, early 2025’s momentum was the strongest in at least three years.

Tariffs Add to Q1 Industrial Challenges; All Sectors See Constrained Development

The end of the first quarter of 2025 saw market uncertainty in the face of new U.S. trade and tariff policies combined with an unclear geopolitical outlook, according to Lee & Associates’ 2025 Q1 North America Market Report. The effect of these concerns within the commercial real estate world are most evident in the industrial sector, which is also contending…

Variance Requested For Citadel HQ Brickell Supertall Rooftop Crown

A variance is being requested from Miami-Dade in order to build a supertall rooftop crown at the Citadel HQ tower proposed in Brickell. Plans for the large crown were submitted to county planners in March, in a revision from earlier plans for the tower submitted in October. Miami-Dade’s Rapid Transit Zone Metromover Subzone regulations includes visual corridor requirements…

Revised Plans Filed For Citadel’s Brickell Supertall Tower

Revised plans have been for the supertall office and hotel tower planned by Citadel on the waterfront in Brickell. Plans for the tower were first submitted to Miami-Dade County for site plan review in October 2024, and the revisions were submitted in late March (multiple revisions of development plans are typical during the county review process). The height of the building…

$51.5M Refinancing Arranged for Dadeland Centre Office Buildings in Metro Miami

JLL has arranged $51.5 million for the refinancing of Dadeland Centre I and II, two office buildings within the Dadeland Centre complex in metro Miami. Paul Stasaitis led the JLL team in arranging the 10-year, fixed-rate loan through Goldman Sachs on behalf of the borrowers, The Green Cos. and an entity doing business as Dadeland Centre. Built in 2003 and 2008 by The Green Cos…

$8.6M Sale of Retail Center in Miami’s Little Havana Neighborhood Brokered

Marcus & Millichap has brokered the $8.6 million sale of Village Shoppes, a 26,648-square-foot retail center located in the Little Havana neighborhood of Miami. Situated at 503–533 SW 12th Avenue, the center comprises two parcels with multiple stores, 30 parking spaces and more than 325 feet of retail frontage. The property also allows for 40,000 square feet of future development…

Developer proposes 166-unit Live Local Act tower in Miami’s Little Havana

A developer proposes a 166-unit Live Local Act project in Miami’s Little Havana neighborhood, marking a continuing flurry of project applications under the state’s affordable housing law. An entity led by Khashayar Khazai and Shane Shapiro of Sunny Isles Beach wants to build a 23-story tower with 400 square feet of commercial space on a half-acre site at 521 and 531 SW 7th St…

41-Story Live Local Tower Planned In Wynwood Norte

Miami’s Urban Development Review Board is scheduled to meet today to discuss a proposal to build a 41-story tower in Wynwood Norte. The development is proposed under Florida’s Live Local Act, allowing certain zoning rules to be bypassed by committing a percentage of units to be income restricted. The tower is proposed to include: 234 residential units ground floor retail…

Blackstone boosts South Florida portfolio with $116M multifamily buy

Blackstone is wheeling and dealing in South Florida, picking up a fairly new Miami Lakes multifamily project for $115.9 million, about the same time the global investment firm sold a Hialeah office building. An affiliate of New York-based Blackstone, led by Stephen Schwarzman, acquired Solea at Miami Lakes at 17405 Northwest 94th Court, records and real estate database Vizzda show.

800-Room Miami Beach Grand Hyatt Gets $392M Construction Financing, Completion 2027

Two of Miami’s biggest developers have secured construction financing for the massive Grand Hyatt convention center hotel in Miami Beach. The development team led by David Martin’s Terra and Jackie Soffer’s Turnberry obtained $392 million in construction financing from TYKO Capital. It is the largest standalone hotel loan issued in Miami in over a decade.

Miami Beach moves forward with Meruelos’, Terra’s controversial Deauville project

Tensions ran high during a Miami Beach commission meeting on Wednesday over the Meruelo family and David Martin’s proposed redevelopment of the Deauville Beach Resort. The Meruelo family and Terra plan a 120-unit condo and 150-room hotel project on the 3.8-acre oceanfront site at 6701 Collins Avenue. The project, with two condo buildings and the hotel…

After the office boom: Miami-Dade construction starts drop to nine-year low as projects “just don’t pencil out”

South Florida became a magnet for out-of-state companies in recent years, prompting giddiness over the tri-county region’s office market. Even as headwinds emerged, developers pushed new projects through approvals. But now, many of the planned offices remain concepts on paper. Office construction starts in Miami-Dade County –– an epicenter of recent years’ bonanza…

Photo: Construction Progress On Double Deck Highway

A photo shows construction progress on a double deck highway, part of the Downtown Miami Signature Bridge and highway reconstruction project. Completion of the project is still scheduled for late 2027, with a budget of $840 million, according to the project website. The estimated completion date has remained the same for around two years now…

Miami Office Campus Dadeland I and II Lands $52M Refi

Now 93 percent leased, Dadeland Centre I and II were delivered in phases, in 2003 and 2008. Image courtesy of JLL The Green Cos. has secured a 10-year, fixed-rate loan from Goldman Sachs for Dadeland Centre I and II, two office buildings located in Dadeland, Fla. JLL Capital Markets arranged the $51.5 million in leasehold financing. “The lender keenly focused…”

Total Demolition Permit Approved For One Brickell City Centre Property

A total demolition permit for a building at the One Brickell City Centre site has finally been approved. Approval for the permit was issued this morning. It was first applied for in April 2023. Demolition of another building at the One Brickell City Centre site was approved under a separate permit in 2023. That demolition is now complete, but it was delayed after debris fell…

Empira Breaks Ground On ENSO In The Roads

Switzerland-headquartered investment manager Empira Group celebrated the start of construction for ENSO in The Roads. ENSO will include 85 Class A rental units, in a building designed by Revuelta Architecture. Units will range from one to three bedrooms. Ten of the units will be premium apartments, with private terraces spanning 700 to 1,000 square feet.

233-Unit Luxury Condo Planned In Wynwood, Units Can Be Listed On Airbnb

Plans have been announced for a luxury 8-story condo building in Wynwood. The building will be known as Twenty Sixth & 2nd Wynwood Residences. Twenty Sixth & 2nd Wynwood Residences will be the first luxury condo building with deeded office suites partnered with Airbnb. It will include 233 residential units, which can be hosted along with the office suites…

Joe Carollo won’t face criminal charges for harassing Little Havana developer Bill Fuller

Miami City Commissioner Joe Carollo won’t face jail time for allegedly stalking Little Havana developer Bill Fuller. On Tuesday, the Broward State Attorney’s public corruption unit closed a criminal investigation into allegations that Carollo stalked Fuller, as well as falsely accusing establishments he owns of committing crimes. Investigators also probed accusations…

Coral Gables Centennial: Biltmore helped battle early competitors

The developer of Coral Gables, George Merrick, had grand plans that included keeping an eye on competitors who were developing their own big projects nearby. Two days after the first flurry of advertisements announcing the Miami Shores development, Mr. Merrick announced his great hotel, holding a dinner for 200 dignitaries at the Coral Gables County Club…

Lyle Stern, Kerry Newman propose 400-unit Live Local Act project in Miami’s Allapattah

Commercial real estate brokers Lyle Stern and Kerry Newman propose a 400-unit Live Local Act project in Miami’s Allapattah. Stern and Newman, of Miami Beach-based Vertical Real Estate, propose a 24-story building on a 1.2-acre site at 2186 Northwest 13th Avenue and 1330-1342 Northwest 22nd Street in Miami, according to their filing included in a city board meeting’s…

Vast Braman Motors Edgewater remake to add two 60-story towers

Braman Motors, a long successful and foundational business venture in the City of Miami, is about to expand dramatically with a growth spurt of sweeping proportions that would include two new 60-story residential towers. The Braman company, utilizing special development options in the Miami 21 zoning code, plans to start construction on a phased redevelopment…

Hialeah to consider affordable housing density bonuses

Developers could add more density to mixed-income multifamily projects in Hialeah, if they set aside units for low-income residents. On Wednesday, the Hialeah City Council will hold a first reading vote on an ordinance that would boost development sites, by allowing 100 units per acre instead of the current 70 units per acre. The catch? Developers would have to set aside…

$87.7M Financing Secured For Seagis Miami-Dade County Industrial Portfolio

JLL Capital Markets worked on behalf of the borrower, Seagis Property Group, to secure an $87.7 million loan for the Miami-Dade County portfolio through a life insurance company. The Miami-Dade County portfolio consists of seven fully leased industrial properties totalling 787,728 square feet. The assets are strategically located in highly sought-after industrial submarkets…

Seagis nabs $88M refi for Miami-Dade industrial portfolio

Seagis Property Group landed an $87.7 million refinancing for an industrial portfolio in Miami-Dade County. State Farm Life Insurance Company provided the loan to Conshohocken, Pennsylvania-based Seagis, led by John Begier, records show. A JLL team led by Jim Cadranell and Gregory Nalbandian arranged the financing on behalf of Seagis, a press release states.

Here’s how South Florida condo developers are prepping for tariffs

The sudden panic resulting from President Donald Trump’s tariffs has subsided, and despite his 90-day pause on country-specific duties, fees on steel, aluminum, lumber and other materials remain in effect. That includes a universal 10 percent tariff on all goods coming into the U.S. Since Trump’s announcement on April 2 and the pause just one week later, developers, contractors…

$16M Sale of North Miami Shopping Center Arranged

Avison Young has arranged the $16 million sale of Sans Souci Plaza, a 47,350-square-foot retail property located at 2104 and 2222 NE 123rd Street in North Miami. This acquisition marks the first time the center has been sold. The property — which is anchored by Zaika Indian Cuisine and Catch Specialty Fish Market — comprises two buildings constructed in 1974 and 1976.

$155 Million in Financing Secured For 40-Story Flow House at Miami Worldcenter

Invictus Real Estate Partners and Integritas Capital have closed on a $155 million construction completion and condominium inventory loan for Flow House, a 40-story residential tower located at 697 North Miami Avenue within Miami Worldcenter. The financing supports the project’s transition from a rental development to a condominium offering, which has become…

Developers Propose ‘Black Creek Apartments’ in Miami’s Goulds Neighborhood

Developers have proposed a multi-family housing development for Miami’s Goulds neighborhood. Black Creek Apartments would measure seven stories above grade and feature 252 apartments. Residences would include one-bedroom and two-bedroom floorplans, occupying a vacant 5.28-acre site. Communal amenities would include a ground-floor swimming pool…

Braman Miami Campus Expansion Proposed

Miami’s Urban Development Review Board is scheduled to have a hearing on an expansion of the Braman Miami Campus. Plans show a new 11-story automotive building, including sales and service uses. A woonerf is proposed to be built as part of a focus on pedestrian-level improvements in the area, with a new public park. A gas station on the campus would be “reimagined” with…

Miami Worldcenter Plans Grand Opening Party

Miami Worldcenter is planning a grand opening celebration for the new “city within a city” next month. The event will include performances by Flo Rida, Nicky Jam, and Shaggy, with a special guest performance by Lee Greenwood and a block party stage featuring Alesso. A fireworks display is planned. Miami Worldcenter is a 27-acre, 10-block development with a total…

Three Cranes Installed To Build $185M Complex Next To Wynwood

Three tower cranes have been installed at the Rainbow Village construction site adjacent to Wynwood. The $185m mixed-use development is being built on county-owned land at the border of Wynwood in Overtown. Rainbow Village is planned to include: 310 affordable housing units around 12,000 square feet of retail more than 50,000 square feet of amenity space 442 parking spaces…

PMG, Lndmrk plan short-term rental-friendly condos in Miami’s Wynwood

PMG and Lndmrk Development are teaming up to build a short-term rental-friendly condo project in Miami’s Wynwood neighborhood. The developers are planning the eight-story, 233-unit Twenty Sixth & 2nd Wynwood Residences at 2600 Northwest Second Avenue in Miami, according to a press release. They are buying the development site for an undisclosed…

465-Unit Magnus Brickell Reaches Completion

Get ready for hundred more residents to move into Brickell. A grand opening celebration took place last week for the 29-story Magnus Brickell tower (it was formerly known as The Gallery at West Brickell). Magnus Brickell is a Class A apartment development that includes 465 residential rental units. The unit breakdown includes: 302 market-rate units 93 units for households…

$27M Refinancing Secured for Midtown Miami High-Rise Development at 3452-3470 North Miami Avenue

South Florida-based Cymbal DLT Companies has secured a $27 million refinancing loan for 3452-3470 North Miami Avenue, a 25,000-square-foot existing mixed-use retail and office building located in Midtown Miami. Linkvest Capital provided the refinancing through its lending affiliate LV Lending, a Miami-based private lender specializing in bridge financing…

Demolition Progresses at 1401 Brickell Avenue, Future Site of 41-Story Santander Tower in Miami’s Financial District

Demolition is steadily progressing at 1401 Brickell Avenue, where a 14-story, 236,877-square-foot office building is being cleared to make way for Santander Tower—a forthcoming 41-story Class A office development in the heart of Miami’s Financial District. Demolition is being carried out by The BG Group LLC. Aerial imagery captured in mid-March reveals the existing structure…

Brickell 2035: The Future of Real Estate Development in the Heart of Miami

In this article we want to take you on a journey into the future… specifically, to the year 2035, where the Brickell skyline, Miami’s financial heart, will be unrecognizable compared to today. This article is designed for those who look beyond the present and seek investment opportunities with a long-term vision. Because if there’s a city in the United States with impressive…

Lease roundup: Nicklaus Children’s Hospital takes space in Coral Gables, vitamin firm opens Palm Beach County facility

Nicklaus Children’s Hospital signed a lease for space at Columbus Center in Coral Gables. The hospital leased 67,700 square feet at 1 Alhambra Plaza, according to Cushman & Wakefield’s first quarter office report for Miami-Dade County. Columbus Center, consisting of a 14-story building and an eight-story building, faced debt woes for much of the past year. Last month…

Hollywood Technical Advisory Committee to Review 30-Unit Development at 2455 Polk Street in Hollywood

Chicago-based 2455 Polk LLC has proposed a low-rise housing development in Broward County. Current plans call for a four-story development with 30 units, including one-bedroom and two-bedroom floorplans. The average residence will measure 735 square feet. They will likely be at-rate units. RentCafé reports that the average cost of an 890-square-foot apartment…

Ticket Clinic’s founder advances plan to build condo-style storage for high-end cars in Pembroke Pines

A company led by Mark S. Gold, founder of The Ticket Clinic, advanced plans to build a condo-style storage facility in Pembroke Pines for collectors of expensive cars. The Pembroke Pines City Commission voted Wednesday to rezone the development site of the unnamed car-storage condominium on Pines Boulevard west of I-75. The development would have 44,000 square feet…

$260M CMBS loan heads to special servicer; debt secured by struggling Pembroke Lakes Mall

Brookfield Asset Management still hasn’t figured out what to do about a maturing $260 million commercial mortgage-backed securities loan secured by a struggling South Florida mall. And now the Toronto-based global investment firm is a step closer to facing foreclosure on the debt. The CMBS loan has been transferred to a special servicer for maturity default, according…

120-Unit Affordable Housing Venture Proposed for Sunrise

Yesterday, Florida YIMBY reported on The Powerline Apartments, of which could be Oakland Park’s first community under the Live Local Act. Now, we have learned of another project that will be its city’s first venture under the Act. Pine Island Park, located in Sunrise, would comprise 120 homes. For a project to be considered under the Live Local Act, at least 40 percent…

Groundbreaking Held for Waldorf Astoria Residences Pompano Beach, the Brand’s First Standalone Residential Development

Construction is officially underway on the Waldorf Astoria Residences Pompano Beach (The Residences), a 28-story luxury condominium tower set to rise on a two-acre oceanfront site at 1350 South Ocean Boulevard in Pompano Beach, Florida. Developed by Related Group and Merrimac Ventures in collaboration with Hilton, the project marks the debut of Waldorf Astoria’s standalone…

BlueWater buys Boathouse Marine Center in Pompano Beach for $16M

BlueWater Marinas beefed up its portfolio with the Boathouse Marine Center in Pompano Beach. The Charleston, South Carolina-based firm bought the 36,000-square-foot building at 599 South Federal Highway for $16.1 million from Fort Lauderdale-based Roschman Enterprises, according to records and real estate database Vizzda. BlueWater also purchased fixtures…

Developer Proposes ‘Powerline Apartments’ for 917 N.W. 36th Street in Oakland Park

Two developers have proposed what could be the first Live Local community in Oakland Park. The Powerline Apartments would measure nine stories and require 325,761 square feet of new construction, occupying a vacant 2.4-acre site. The community would feature 257 homes, with square footage ranging from 455 to 1,121 square feet. Layout plans include studio to two-bedroom units…

Waypoint wins approvals for 286-unit Oakland Park development

Waypoint Residential advanced plans for Cypress Crossing, a mixed-use development with 286 apartments that would replace parking lots in the Cypress Creek area of Oakland Park next to I-95. The Oakland Park City Commission voted Wednesday on second reading to approve a master plan of development and six zoning waivers for Cypress Crossing, which would have more…

Canadian investor pays $21M for Boca Raton office building

A Canadian investment firm bought an office building in Boca Raton for $20.6 million. Ontario-based Axia GeoCapital, led by Nickolas Georghiades, bought the seven-story One Park Place office building at 621 Northwest 53rd Street and adjacent garage at 601 Northwest 53rd Street at the Park at Broken Sound, according to records. The buyer borrowed $16.3 million for the purchase…

First Look at Exterior Photos of Completed 23-Story Lumaire in Downtown West Palm Beach designed by CLA+D

Newly released photography reveals the completed exterior of Lumaire, a 23-story high-rise luxury rental tower situated at 201 Clearwater Drive, along the Clear Lake waterfront in Downtown West Palm Beach. Designed by Carl Levin Architecture + Design (CLA+D) and developed by Hyperion Group, the 457-unit tower contributes a distinctive formal…

In $121M deal, Blackstone and Link sell another South Florida industrial portfolio; Ares Management picked up facilities in Miramar and Dania Beach

Blackstone and Link Logistics unloaded another set of South Florida warehouses. Affiliates of Blackstone, a New York-based investment giant led by Stephen Schwarzman, and its Link subsidiary sold three industrial sites in Dania Beach and Miramar for a combined $120.5 million to Ares Management, records and real estate database Vizzda show. Link, also based in New York…

Video: Inland Research Head Phil McAllister Discusses Economic, Demographic, & Cultural Trends Impacting CRE Decisions

Commercial real estate is a complex and dynamic sector that requires a sharp understanding of economic, demographic, and cultural trends. In a recent episode of America’s Commercial Real Estate Show, the host spoke with Phil McAllister, head of research with Inland, about these trends and how they might impact decision-making in the real estate industry.

Measuring uncertainty : FRED has several series to help you gauge economic and financial uncertainty

How certain are you of what’s going to happen over the next few months? People’s confidence in anticipating the future dwindles during periods of major economic change. Economists and analysts try to gauge the level of uncertainty about economic conditions because it can affect economic decisions (saving, spending, investing, switching jobs…), which can affect aggregate…

Florida lawmakers consider bill that would eliminate real estate’s regulatory board

The future of the Florida Real Estate Commission is in the hands of lawmakers. FREC, which oversees real estate agents, brokers and brokerages, could be eliminated under proposed legislation aimed at de-regulating industries such as real estate. House Bill 1461 calls for the repeal of FREC, among other boards and commissions that fall under the Department…

$3 Billion In Self Storage Sales In 2024 Pave The Way For A Strong 2025

The self storage industry had a big year in 2024, with 822 properties sold for a total of $3 billion. More than 51 million square feet of storage space changed hands, making up 2% of the country’s total inventory. Investor demand stayed strong, fueled by the sector’s steady cash flow and ability to perform well in diverse market conditions. The average sale price settled at $108 per square foot…

Beige Book Reports Growth but also Uncertainty

The Federal Reserve Bank of Atlanta’s new Beige Book reports mostly neutral to negative feedback from business contacts, even as the Southeast’s economy grew slightly from the middle of February through March. For example, many firms reported reasonably stable demand for workers and mostly unchanged staffing levels. Yet a small but growing share of contacts…

Is It Time to Play the Contrarian Card?

The real estate development boom of 2021–2023 feels like a distant memory compared to the current challenges of ground-up development today. Back then, nearly every project a developer considered seemed viable. Multifamily rents were climbing by 10% annually, demand surged due to pandemic-driven relocations, cap rates hit historic lows, and developers could secure debt…

Economic Uncertainty Grows, But Apartment Demand Nationally Prevails

Despite softer economic fundamentals, multifamily demand remains strong. Over 138,000 apartment units were absorbed in 1st quarter 2025, a record high for the first three months of the year. Atlanta led all major markets in 1st quarter absorption, followed by Phoenix and Dallas. Anaheim was the only major market to record net move-outs during the quarter.

Video: Seyfarth Partner James O’Brien Discusses Firm’s 2025 Commercial Real Estate Market Sentiment Survey

In a recent episode of America’s Commercial Real Estate Show, the host welcomed James O’Brien, a partner with Seyfarth Shaw, a prominent law firm with a significant commercial real estate group. The discussion focused on Seyfarth Shaw’s annual survey of their clients, which provides insights into the thinking and strategies of major players in the commercial real estate…

Terra, Fortune pay record $205M for waterfront Key Biscayne development site

David Martin partnered with Edgardo Defortuna to pay a record $205 million for a Key Biscayne development site where they plan a 56-unit ultra-luxury condo building. Martin’s Miami-based Terra and Defortuna’s Miami-based Fortune International Group acquired the former Silver Sands Beach Resort property at 301 Ocean Drive, according to a press release.

Ronny Finvarb scores $19M loan for Miami Beach mixed-use project

Ronny Finvarb can get to work on a mixed-use project in Miami Beach after nabbing a $19 million construction loan. Coral Gables-based Amerant Bank provided the financing to an affiliate of Finvarb Group, Finvarb’s Bay Harbor Islands-based firm that owns a 0.2-acre development site at 1790 Alton Road, records show. Finvarb Group is planning a five-story building…

Legacy, Cayon propose 235-unit apartment building near Miami International Airport

Developers propose a 235-unit apartment building with workforce housing near Miami International Airport. An entity tied to Legacy Residential Group and Cayon Development Group want to build the eight-story building on a 2.3-acre site at 3685 Northwest 36th Street in unincorporated Miami-Dade County, according to an application the developers submitted…

$5.7M Sale of Retail Strip Center in Miami’s Dadeland Area Brokered

A firm has brokered the $5.7 million sale of Plaza 77 Shops, a 9,590-square foot retail strip center in Miami’s Dadeland neighborhood. Situated less than one mile from Dadeland Mall, the property is anchored by Trulieve and Domino’s Pizza, which both operate on corporate-guaranteed leases. Additional tenants at the center include Chase Bank, Outback Steakhouse, Anthony’s Coal…

Dorissa of Miami in Wynwood hits market for roughly $25M

Dorissa of Miami, a storied property that once played a role in Wynwood’s garment industry, hit the market for roughly $25 million, The Real Deal has learned. The 0.8-acre site, consisting of a two-story office, retail and restaurant building built in the 1950s, is at 28 Northeast 28th Street in Miami. It’s fully leased, according to broker Chris Lentz. Lentz and Andy Slowik are leading…

Ex-MLB player Alex Guerrero proposes 234-unit Live Local Act tower in Miami’s Wynwood Norte

Former Los Angeles Dodgers player Alex Guerrero proposes a 234-unit Live Local Act tower in Miami’s Wynwood Norte neighborhood. AG Wyn, managed by Guerrero and Ruben Rodriguez, wants to build the 41-story project on a 0.6-acre site between Northwest Third and Fifth avenues, south of Northwest 37th Street, in Miami, according to an application filed to the city this month.

‘Wynwood Tower’ Proposed as Tallest Building in Wynwood Norte

A 41-story skyscraper titled Wynwood Tower is coming to the edge of Wynwood. The Florida-based developer, AG Wyn, is proposing the skyscraper as part of the Live Local Act, a recently enacted housing law aimed at spurring higher density housing in commercial or industrial areas. The half-acre property located at 330 NW 37th St will eventually be home to a 398.983 sf…

13th Floor, LeFrak and Related envision two-tower mixed-use project in Miami

13th Floor Investments, LeFrak Organization and Related Group want to build a mixed-use complex with 741 apartments near the Douglas Road Metrorail Station in Miami. The joint venture is seeking to redevelop a 2.3-acre shuttered car dealership at 3650 Bird Road, according to a site plan pre-application submitted to Miami-Dade County. The project, designed by Coral Gables…

Foundation Work Underway for The Residences at 1428 Brickell

Foundation work is underway for The Residences at 1428 Brickell, where recent aerial imagery reveals a fully cleared site with heavy equipment actively engaged in early-stage construction activity. Developed by Ytech and designed by ACPV Architects in collaboration with Arquitectonica and Magnusson Klemencic Associates as the structural engineer, the 70-story tower…

Demand for Doral commercial space slides, but prices keep rising

Doral’s commercial real estate scene continues to see rising prices despite the pullback in demand. “I think the year started out pretty hot in comparison to the past … 18 months,” said Conner Milford, senior vice president with Lee & Associates. “However, it’s definitely slowed down a bit here more recently.” Mr. Milford said a possible reason for this slowdown could be…

Grand Opening Held for Magnus Brickell, a 37-Story Mixed-Income Tower in Miami’s Financial District

Related Group, Miami-Dade County Housing & Community Development, and Miami-Dade County Public Schools have announced the grand opening of Magnus Brickell, a newly completed, 37-story mixed-income residential tower located at 75 Southwest 10th Street in the heart of Miami’s Financial District. The tower introduces 465 new rental residences and stands…

Transformation of One Broadway Advances in Brickell, Miami

Construction continues on the transformation of One Broadway, a 37-story tower located at 1451 South Miami Avenue in Brickell. Originally completed in 2005 as a condominium and short-term rental building, the structure is undergoing a complete redevelopment, with the potential rebranding to La Mare Hotel & Residences Brickell Miami. The redevelopment is being led…

80-story condo can replace part of First Presbyterian Church

City commissioners rejected an appeal last week to restore historic protections around First Miami Presbyterian Church as originally designated, clearing the way for partial demolition and a proposed 80-story condo tower despite strong pushback from residents. Brickell residents packed city hall on April 10 to urge commissioners to let them challenge the city’s decision…

Brickell residents lose fight against 13th Floor, Key’s 80-story condo behind Presbyterian church

Brickell residents opposing a planned 80-story condo tower behind the First Miami Presbyterian Church lost their fight. On Thursday, Miami commissioners voted 4-0 against opponents’ appeal, led by the the condo association for IconBrickell Tower II, to allow them to intervene in the city’s decision for the historic declassification of a portion of the site.

Bear Cut Bridge upgrade years away

Work to rehabilitate or replace the Bear Cut Bridge on the Rickenbacker Causeway is still a long way from beginning and will cost $60 million to $100 million, a public meeting on the project was told last week. Until after the current 30-month study is completed in 2027, no decision is expected on whether a taller bridge will be constructed. While funding for the work would primarily…

$8.1M Sale of Miami Multifamily Property Silver Cove Apartments Arranged

Built in 2021, Silver Cove Apartments is a four-story, 33,424-square-foot building at 2010 Southwest 25th Terrace. The property has gated parking and a mix of large two- and three-bedroom units, all with private balconies, contemporary finishes and in-unit washers and dryers. Positioned between Coconut Grove and Coral Way, the property is near downtown Miami…

Miami Beach changing city code to honor Norman Braman

Miami Beach elected officials have initiated plans to amend the city code in order to co-name a portion of 17th Street in honor of Norman Braman, a long-time automotive business leader whose civic involvement has impacted the city. The ordinance is to face city officials for a final vote April 23. Mr. Braman has created a legacy in South Florida, says a commission memo…

Miami Beach Convention center hotel financed to open in 2027

The development of the long-awaited Grand Hyatt Miami Beach Convention Center Hotel moves along and has a delivery slated for 2027. Terra Group, of Coconut Grove, and Turnberry Associates, in Aventura, partnered to build the 17-story, 800-room property adjacent to the Miami Beach Convention Center. The hotel at 17th Street and Convention Center Drive was approved…

Terra, Turnberry score $392M construction loan for Miami Beach convention center hotel

David Martin and Jackie Soffer’s long-planned convention center hotel in Miami Beach is moving forward. Martin’s Terra and Soffer’s Turnberry secured a $392 million construction loan from Adi Chugh’s Tyko Capital, according to sources. The developers plan to build a 17-story, 800-room hotel next to the Miami Beach Convention Center.

Terra and Turnberry Get $392M Loan for Miami Beach Hotel After 7 Years of Planning

Finally, Terra and Turnberry appear to be set to begin the groundbreaking process for their Miami Beach hotel project after years of planning. The two developers have secured $392 million in construction financing from TYKO Capital. The project, called Grand Hyatt Miami Beach, calls for 800 hotel rooms and 17 stories, with about 12 floors reserved for guests.

Terra lists Coconut Grove land leased to defunct Location Ventures

David Martin’s Terra is seeking to unload land underneath a Coconut Grove site complicated by a ground lease with Location Ventures, the defunct development firm founded by Rishi Kapoor. Coconut Grove-based Terra recently listed the 0.4-acre property at 3120-3138 Commodore Plaza with an asking price of $18.9 million, according to an offering memorandum.

Why Are New Warehouses Including Pickleball Courts And Food Halls?

Warehouse workers at the Goodman Commerce Center in California’s Inland Empire don’t have to settle for vending machine snacks or reheated meals in a break room microwave. Instead, they can step to the adjacent Cravings at Eastvale food hall, where the menu includes freshly shucked oysters and hand-rolled sushi. The food hall is part of a 200-acre mixed-use…

Construction Wraps Up on The Wynwood Plaza in Miami’s Wynwood Arts District

Construction has wrapped up on The Wynwood Plaza, a one-million-square-foot mixed-use development located at 95 NW 29th Street in Miami’s Wynwood Arts District. Designed by Gensler and developed by L&L Holding Company and Oak Row Equities, with project partner Shorenstein Properties and co-investor Claure Group, the project is a major addition to the block frontage …

Exterior Work Nears Completion on The Crosby at Miami Worldcenter

Exterior work is nearing completion on The Crosby Miami Worldcenter, a 33-story, 376-foot-tall residential tower located at 601 North Miami Avenue in Downtown Miami. Designed by CFE Architects, developed by Related Group and Merrimac Ventures and funded by Bank OZK, the project is part of the larger Miami Worldcenter master plan. The tower will deliver 450 fully…

Terra, Turnberry Receive $392M Construction Financing for Miami Beach Grand Hyatt Hotel

Terra and Turnberry have received $392 million in financing for the construction of Grand Hyatt Miami Beach, an 800-room hotel situated adjacent to the Miami Beach Convention Center. TYKO Capital, a New York City-based private equity and private credit investment management platform, provided the financing to the South Florida-based developers.  Grand Hyatt…

Construction Rises on Excel Miami at 1550 NE Miami Place in Miami’s Art’s & Entertainment District

Construction is now several stories above ground on Excel Miami, a 24-story residential tower located at 1550 NE Miami Place in Miami’s Arts & Entertainment District. Designed by Arquitectonica, with LEO A DALY serving as the architect-of-record and developed by Clearline Real Estate with Shawmut Design and Construction as the general contractor, the 275-foot-tall structure…

Blackstone unloads another South Florida property, sells office building for $21M

Blackstone continues to make its South Florida portfolio lighter, selling a Miami Lakes office building for $20.5 million. An affiliate of Blackstone, the New York-based investment giant led by Steven Schwarzman, and its subsidiary, Link Logistics, led by Luke Petherbridge, sold the 13.3-acre site at 17100 Northwest 59th Avenue to an entity managed by Ali Ahmed…

YIMBY Scopes Views of Forma Miami at 2900 Biscayne Boulevard in Edgewater

Construction is complete and leasing is underway on Forma Miami, a 39-story residential tower located at 2900 Biscayne Boulevard in the Edgewater neighborhood of Miami. Designed by Arquitectonica, with ODP Architecture & Interior Design listed as the architect of record and interiors by Rockwell Group, the tower was developed by Crescent Heights. The building rises…

Braman Motors proposes 60-story resi towers, 11-story auto building in Miami’s Edgewater

Car dealership tycoon Norman Braman’s firm proposes a pair of 60-story residential towers and an auto building, as part of a massive redevelopment of its properties in Miami’s Edgewater. Braman Motors wants to build the towers and an 11-story automotive building on a portion of its 21-parcel assemblage between Northeast 19th Terrace and Northeast 21st Street…

Jon Samuel’s Broward portfolio lightens after $22M warehouse sale

Jon Samuel, one of the original developers of Midtown Miami, is on a roll, selling another Broward commercial property in less than a week. An affiliate of NorthBridge Partners paid $22.3 million to three affiliates of Samuel’s Miami-based Midtown Group for a showroom and warehouse leased to Floor & Décor in Coral Springs, records and real estate database…

500-Foot Tower Cranes Approved For Link At Douglas

Two construction cranes were recently approved to build the third tower at the Link at Douglas complex. Approval by the FAA was issued last month for the two cranes to rise 509 feet and 471 feet above ground. The work schedule for the cranes was estimated to begin earlier this month, on April 1. Tower 3 at Link is planned to rise 39 stories, or 443 feet above sea level.

Costco proposes store near Dolphin Mall in Sweetwater

Costco proposes a store near Dolphin Mall in Sweetwater. The membership club wants to build a 159,200-square-foot warehouse store on a 20-acre site west of Northwest 119th Court, between Northwest 21st and 17th streets, according to an application Costco filed to Miami-Dade County in January. The project would include a liquor store and a detached gas station.

Construction Begins At Miami Worldcenter’s Block E

Construction is now underway at Block E at Miami Worldcenter, located on the 7th Street Promenade, according to Nichols Architects. The 3-story complex will include 63,315 square feet of space, according to a construction permit issued last month. There will be 10,745 square feet of retail and 9,543 square feet of restaurant space on level 1, the permit states. Floors 1-3 will have…

First Glass Installed At 65-Story E11EVEN Residences Beyond

The 65-story E11EVEN Residences Beyond tower in Park West has had its first glass installed, according to a photo by Joel Franco. The tower is planned to top off at 699 feet above ground, or 709 feet above sea level. It will include around 558 residential units, 7,119 square feet of bar or lounge space, and 21,611 square feet of retail. Two E11EVEN towers are under construction…

Photo: Construction At 70-Story Okan Tower

A photo shows construction at the 70-story Okan Tower this week. Last week, a filing was submitted to the Federal Aviation Administration to increase the construction crane heights at the Okan site to 1,051 feet above ground. The permanent height of the tower is planned at 902 feet, making it among the tallest buildings south of New York. Okan Tower will include a 316-key Hilton…

Lease roundup: Equinox plans to open in Fort Lauderdale, Plaza Coral Gables lands wealth manager ALTi Tiedemann Globat, other tenants

The Plaza Coral Gables’ office space is fully leased after scoring three tenants. Accounting firm Marcum leased 9,600 square feet at the office building within the mixed-use Coral Gables project, according to a news release from the landlord’s broker. Wealth manager ALTi Tiedemann Global leased 6,000 square feet, the release says. The firm will move in the coming months…

Continuum Kicks Off North Bay Village Condo Project

Continuum Co. has started construction on Continuum Club & Residences, a 198-unit waterfront condominium tower in North Bay Village, Fla. The 32-story building is being developed in partnership with Aksoy Holdings and represents Continuum Co.’s second branded project in the Miami area. KAST Construction is the general contractor, with plans to complete…

Here’s How Much it Costs to Rent an Apartment in Miami and How it Compares Nationally

Miami remains one of the most expensive rental markets in the U.S. According to a March 2025 national rent report by apartment rental site Zumper, Miami had the sixth most expensive median rental price for one-bedrooms nationwide at $2,550, trailing only San Jose, Boston, Jersey City, San Francisco, and New York City. The real estate platform also analyzed…

Mixed-use development with 116 rentals, including affordable housing, advances in Hallandale Beach

A Puerto Rico-based developer won city approvals for a mixed-use development in Hallandale Beach with 116 rentals, including 17 affordable housing units with below-market rents. The Hallandale City Commission on Wednesday unanimously approved SAG Development’s applications for a major development plan, zoning variances, and so-called…

MMG plans 308-unit apartment building with affordable housing at its Plantation shopping center

MMG Equity Partners advanced its plan to develop an eight-story apartment building adjacent to Plantation Square, a shopping center that the firm acquired four years ago. The Plantation City Council voted Wednesday to approve a land use change and rezoning of the 12.9-acre shopping center property on the southwest corner of West Sunrise Boulevard and North University Drive.

Copart expands South Florida portfolio, nabs Palm Beach County auto yard for $65M

Copart beefed up its South Florida portfolio, paying $65 million for a Palm Beach County auto yard where the company stores and sells used vehicles. An affiliate of Copart, a publicly traded firm based in Dallas that specializes in reselling repossessed and salvaged cars and trucks, acquired a 40.3-acre industrial site at 7876 West Belvedere Boulevard and 801 Pike Road near West Palm Beach…

Construction Continues on ‘Esprit at Avenir’ at 14044 Dauphine Court in Palm Beach Gardens

Construction has started on Esprit at Avenir, a luxury housing development for seniors 55+ in Palm Beach Gardens. The gated community will host an array of three to six-bedroom homes, with the option to customize certain features, including various design elements. The residences themselves boast a contemporary design, offering high ceilings, natural lighting…

‘Northlake Promenade Apartments’ Planned for 2027 Completion at 374 Northlake Blvd in North Palm Beach

Construction has commenced on Northlake Promenade Apartments, a multi-family housing development in Palm Beach County. Led by AvalonBay Communities, the seven-story venture will offer 279 units. Of those units, 20 will be studios, 133 will be one-bedroom layouts, 102 will be two-bedroom layouts, and the remaining 24 will be three-bedroom residences.

Alba Palm Beach Tops Off in West Palm Beach, Completion Expected in Early 2026

Construction has topped off on Alba Palm Beach, a 22-story luxury waterfront condominium development located directly on the Intracoastal Waterway at 4714 North Flagler Drive in West Palm Beach’s Northwood neighborhood. Developed by BGI Companies in partnership with Blue Road and designed by Spina O’Rourke + Partners, the project will yield a boutique…

Return-to-Office Mandates Start to Clock In

Office traffic nationally remains well behind the pace of the pre-pandemic level but it is showing steady improvement. Visits in March came in 32.2 percent below March 2019 levels. However, a recent report from Placer.ai said that although numbers declined in January and February, last month’s data reveals that new return-to-office mandates could have had an impact.

Most Apartment Markets Nationally Still Below Pre-Pandemic Occupancy

While occupancy has firmed up considerably over the last year amid strong demand nationally, most major markets still posted occupancy rates below that of their pre-pandemic long-term norms as of 1st quarter 2025. The U.S. recorded 1st quarter occupancy of 95%, according to data from RealPage Market Analytics. That rate ran slightly below the pre-COVID five-year average…

Brickell’s Mandarin Oriental Closing Soon To Make Way For 850-Foot Tower

Brickell’s Mandarin Oriental hotel will close next month to make way for two new towers, according to the SFBJ. The closing date is May 31, according to an employment notice filed with the State of Florida. Two new towers are planned to be built on the property, following demolition of the existing hotel. One tower will rise 66 stories, or 850 feet, while the second tower…

City National Bank of Florida Signs Record Miami Lease

Completed in 2008, the Coral Gables office building rises 15 stories at 2701 S. Le Jeune Road. Image courtesy of CommercialEdge City National Bank of Florida is consolidating its growing Miami-Dade County workforce at 2701 S. Le Jeune Road, a 15-story office building in Coral Gables, Fla. The state’s second-largest bank will occupy 144,878 square feet at the property…

City National Bank of Florida opening new HQ in Coral Gables, marking year’s biggest office lease

City National Bank of Florida will open a new 145,000-square-foot headquarters in Coral Gables, marking the biggest office lease in South Florida so far this year. The bank leased at 2701 South Le Jeune Road, a 16-story building owned by Spanish billionaire Amancio Ortega’s investment firm Ponte Gadea, according to the tenant’s news release. More than 800 employees…

Three Office Leases Brokered to Bring Plaza Coral Gables in South Florida to Full Occupancy

A broker has negotiated three office leases at The Plaza Coral Gables, a mixed-use development in the Miami suburb of Coral Gables that includes two Class A office towers exceeding 450,000 square feet. The latest round of leases brings the property’s office component to full occupancy. These deals include Baycrest Partners (1,800 square feet), ALTI (6,000 square feet) and…

Rent reprieve: Miami rates drop nearly 8% y-o-y, amid supply overhang

After leading the nation in apartment rent hikes in recent years, South Florida is getting a reprieve. In Miami, monthly rents for two-bedroom units averaged at $3,350 in March, down 7.7 percent, year-over-year, according to a Zumper report. One-bedroom units averaged $2,550, or a 5.9 percent drop compared to March of last year.

Adam Neumann lands $155M loan for Miami Flow House condos

Adam Neumann scored a $155 million loan for his under-construction Flow House condos in downtown Miami. Invictus Real Estate Partners and Integritas Capital, both based in New York, are providing the $155 million construction and inventory loan to Neumann’s Flow, according to a press release. The WeWork founder is planning the 40-story, 466-unit Flow…

Views of Residential Towers Along Biscayne Boulevard Across from Museum Park in Downtown Miami

Aerial views of the stretch along Biscayne Boulevard between Northeast 8th Street and Northeast 11th Terrace highlights a striking collection of high-rise residential towers directly across from Museum Park in Downtown Miami, each reflecting varied architectural approaches and development timelines. The buildings include Marina Blue, 900 Biscayne Bay…

Vertical Construction Underway At 38-Story Luxury Edgewater Tower

In Edgewater, a 38-story luxury apartment tower is now going vertical. Apartment operator Aimco is partnering with a leading global investment firm on the development, and will have a 44% ownership stake. The new $240m tower will have just 114 luxury apartments, with 291,000 rentable square feet. That equates to an average apartment size of over 2,500 square feet.

47-Story House Of Wellness In Brickell Submitted To FAA For Review

A proposal for a 47-story Brickell tower called House Of Wellness have been submitted to the Federal Aviation Administration for review. The agency received the application on April 7. The tower is proposed to rise 467 feet above ground, or 477 feet above sea level, according to the filing. A construction crane is estimated to be installed in January 2026. It is proposed to rise 530 feet…

Brickell’s 67-Story Mercedes Benz Places Rises Above Ground Level (Photo)

The 67-Story Mercedes-Benz Places in Brickell is now rising above ground level. The development will include two towers, with 800 apartments. There will also be 130,000 square feet of amenity and hospitality space, 250,000 square feet of office space, a 174-key hotel, a fire station, and over 800 parking spaces. Occupancy is estimated to be in 2027.

Here’s How Many Ride Tri-Rail’s New Express Train To Downtown Miami

Tri-Rail has released ridership information for its new one seat ride into downtown Miami. The service launched in July 2024, with a weekday southbound morning train and a northbound evening train. Passengers can remain on the same train out of downtown Miami, with limited stops on the ride to West Palm Beach. Ridership on the express service is now…

Residential tower enters deal to sell county courthouse

The sole bidder to acquire the historic Miami-Dade County Courthouse downtown is proposing to build a residential tower on the north side of the parcel including condominiums and apartments, though the county has not yet struck a deal to sell him the land. GFO Investments, led by local developer Russell Galbut, issued a press release last week sketching plans to turn…

Miami Office Leasing Surges in Q1 with Smaller Spaces Leading Demand

Activity is off to a hot start in Miami’s office sector this year as tenants look for smaller spaces in the post-pandemic world. A first-quarter report from Avison Young shows that one million square feet of leases were signed, up 26.5 percent from the same three-month period a year ago. Leasing activity rebounded in the first quarter of 2025 “after a sluggish 2024,” Avison Young noted.

Russell Galbut makes another play for historic Miami-Dade courthouse

For the second time in eight years, Russell Galbut is seeking to make a deal with Miami-Dade County for control of the historic Flagler Street courthouse, among the most iconic buildings in downtown Miami. This time around, Galbut is showing confidence he will come out on top. Recently, Miami-based GFO Investments, a development firm led by Galbut and his daughter…

World Trade Center sees Miami well positioned in tariff war

As the global market scrambles to adjust to effects of sweeping tariffs imposed by the Trump administration, Miami is in a unique position to mitigate and withstand the effects, owing to its long-standing reputation and experience as a global trading hub, one observer says. Alice Ancona, chief operating officer of the World Trade Center Miami, says Miami, with its long history…

First Crane Installed At 56-Story Construction Site In Edgewater

The 56-story Villa Miami Residences now has its first construction crane in place. Villa is planned as an ultra-luxury, cooper-clad tower that will top off at 650 feet. It will have just 70 condo units. Residents will have access to a 3-story amenity space called The Copper Club. There will also be a rooftop helipad, and a waterfront restaurant. Groundbreaking took place in December.

Report: Glass Tower Planned Next To Historic Miami-Dade Courthouse

A developer is planning a mixed-use tower next to the historic Miami-Dade Courthouse, according to Commercial Observer. The 1928 courthouse building would be renovated and restored, with the space converted to be used for housing, office, retail and hospitality. A rendering shows the new tower next to the historic building would have a glassy façade.

Utilities Deal Completed For 800 Residential Units at Earlington Heights Metrorail Station

A developer completed a deal with Miami Dade’s Water & Sewer Department to service a large new  residential complex planned at the Earlington Heights Metrorail station. The developer is Developer Earlington Metro, LLC. According to the agreement, a total of 856 new apartments will be built, along with 36,724 square feet of retail. The development has been…

560 Apartments Reach Completion Near Metrorail Station

The first phase of the Metro Center transit-oriented development in Hialeah has obtained a TCO, according to Modis Architects. Metro Parc is being built a short walk away from the Metrorail and Tri-Rail Transfer Station. The newly completed apartment building has 559 apartments. In February, developer Baron Property Group broke ground on Metro Parc North next door…

Data Center Developer Acquires 4.05 Acres Of Developable Land In Miami’s Airport West Submarket

Metrobloks plans to develop a 15.2 MW state-of-the-art data center facility at the site, which is strategically located at the intersection of NW 6th Street and 137th Avenue. The new AI-ready, multi-tenant facility is designed to meet high-density computing demands and is scheduled to commence operations by the end of 2026. “In Miami-Dade’s competitive industrial market, securing a prime…”

Metrobloks Buys Land in Miami, Plans to Develop New AI-Ready Data Center

Los Angeles-based Metrobloks has purchased four acres at 500 N.W. 137th Ave. in Miami’s Airport West submarket. The firm plans to develop a 15.2-megawatt data center at the site, which is situated at the intersection of Northwest 6th Street and 137th Avenue. Matthew Bittel and Stuart Gordon of Cushman & Wakefield represented Metrobloks in the land sale.

Holy war: Brickell residents crusade against 13th Floor and Key’s planned 80-story tower behind Presbyterian church

For some Brickell residents, a planned 80-story condo tower behind First Miami Presbyterian Church is far from a blessing. Since at least 2021, Arnaud Karsenti’s 13th Floor Investments and the Ardid family’s Key International have wanted to develop the project on a site immediately east of the church at 609 Brickell Avenue. The site now consists of a parking lot…

Masaveu expands West Brickell dev site by acquiring adjacent commercial building for $16M

Masaveu Real Estate US beefed up a West Brickell development site after purchasing an adjacent property for $15.5 million. An affiliate of Masaveu, the American arm of Spanish conglomerate Corporacion Masaveu, led by Chairman Fernando Masaveu Herrero, acquired a 0.3-acre parcel with a three-story commercial building at 268 Southwest Eighth Street in Miami…

57-Story Edge House Miami Breaks Ground at 1837 NE 4th Avenue in Edgewater

Grupo T&C has officially broken ground on Edge House Miami, a 57-story residential building located at 1837 NE 4th Avenue in the Edgewater neighborhood of Miami. Designed by Kobi Karp Architecture & Interior Design, with interiors by Adriana Hoyos Design Studio and landscape architecture by Witkin Hults + Partners, the tower will rise 637 feet and yield…

Report: Messi Buying Condos At 80-Story Brickell Tower

Lionel Messi is buying four condo units at the Cipriani Residences tower that is under construction in Brickell, according to the WSJ. One of the units is said to be valued at $7.5M. The value of the other three units is not known. The Cipriani tower is planned to reach a near-supertall height of 940 feet above ground, and 950 feet feet above sea level, which is taller than…

Demolition Progresses at One Bayfront Plaza Site in Downtown Miami

Demolition work continues at 100 South Biscayne Boulevard, the former site of the 19-story One Bayfront Plaza tower in Downtown Miami. The clearing of the steel-framed office building marks the first significant step toward developing a long-anticipated supertall skyscraper on the prominent waterfront parcel, a project led by Florida East Coast Realty (FECR). According to permits…

Exterior Work Nears Completion on 37-story District 225 in Downtown Miami

Exterior work is nearing completion at District 225, a 37-story residential tower at 225 North Miami Avenue in Downtown Miami. Designed by Sieger Suarez Architects, with interiors by Meshberg Group, and developed by Related Group in partnership with ROVR Development and BH Group, the 394-foot-tall tower is approaching the final construction phases ahead of its anticipated…

288-Condo ‘Midtown Park Residences by Proper’ Planned for 2028 Completion at 2901 NE 1st Ave in Miami

The first phase of a transformative $2 billion mixed-use development has been announced in Miami-Dade County. Midtown Park Residences by Proper will be the first of six buildings (four residential towers, two office buildings), occupying a five-acre site that was previously slated to host a Walmart. The 28-story branded tower will feature 288 condos…

Proper Hospitality Unveils Plans for Miami Condo Tower

Proper Hospitality, Rosso Development and Midtown Development are planning to develop Midtown Park Residences by Proper, a luxury condominium tower in downtown Miami. The project will rise 28 stories and will include 288 residences and penthouses. Completion is scheduled for 2028. The project is Proper Hospitality’s second residential development after Austin…

Cipriani Reaches Level 9, Using Self-Climbing ‘Slip Form’ System

Brickell’s under-construction Cipriani Residences Tower has reached its first residential level, and will be using a new self-climbing system moving forward. The milestone means that Cipriani is on schedule with construction, with contractors recently working on levels 7 and 8, the first amenity and residential floors. Beginning at level 9 until top off, contractor Moss Construction…

Commission To Vote On Funding For Edgewater Baywalk Extension

The baywalk in the Edgewater neighborhood currently only exists in small fragments, but a small extension could soon become a reality. Miami commissioners are scheduled to vote next week on possible funding for the extension, which is known as Edgewater – Phase 1 Project. The new baywalk would be built behind a 10-story building dating to 1980. The extension would…

Photos: Color-Changing Lighting System At New 62-Story Aria Reserve

Edgewater’s new 62-story Aria Reserve south tower turned on its new lighting system recently, altering the Miami skyline. The s-shaped lighting system changes colors, and extends to both the western and eastern facades of the building. Aria Reserve will include two 62-story, 649-foot towers, said to be the tallest waterfront dual residential towers in the United States.

32-Story Continuum Club & Residences Breaks Ground In North Bay Village

Developers have broken groundon Continuum Club & Residences, a 32-story residential tower at 1755 John F. Kennedy Causeway in North Bay Village. Developed by the Continuum Company in partnership with Aksoy Holdings, the 340-foot-tall building is set to deliver 198 condominium residences and penthouses with waterfront views of Biscayne Bay and the Atlantic Ocean.

Studio Three gym leases at Doronin, Cain’s 830 Brickell tower

Studio Three will open a gym at the 830 Brickell tower in Miami. The fitness studio leased 5,800 square feet at the 57-story office tower developed by Cain International and Vlad Doronin’s OKO Group, according to a news release from the landlords’ broker. Studio Three will open in the first quarter of next year in 800 square feet on the ground floor and 5,000 square feet…

Lease roundup: Crypto exchange Gemini opening Wynwood office, Amal restaurant on tap in Fort Lauderdale

Cryptocurrency exchange platform Gemini will open its first South Florida office in Miami’s Wynwood. The New York-based firm leased 8,800 square feet at the 545Wyn building at 545 Northwest 26th Street, according to a news release from the landlord’s broker. Gemini is expected to move in by May. Juan Ruiz and Andres del Corral of Blanca Commercial Real Estate…

700 condo buildings in South Florida on secret mortgage blacklist

The number of South Florida condo buildings on a Fannie Mae blacklist has more than doubled in the past two years, as the financial strain on condo associations worsens. Nearly 700 condo communities in Miami-Dade, Broward and Palm Beach counties are on the list, marking almost half of the 1,438 buildings that the federally chartered mortgage finance corporation lists…

Photo: Eataly Opening Soon At Aventura Mall

Aventura Mall’s new Eataly will be opening in spring 2025, according to signage in the mall. The new Eataly Aventura will include around 30,000 square feet, spread over two levels. It will include two restaurants, a grocery market, and an educational area. Eataly also recently announced plans to build a new location in West Palm Beach.

Construction Starts on ‘Wesley at Fillmore’ at 2236 Pierce Street in Hollywood

Florida YIMBY has an update regarding a multi-family housing development we shared more than two years ago. In 2022, county officials approved Wesley at Fillmore, a low-rise apartment complex in Hollywood. Construction has now officially begun, thanks to the acquisition of a $13.7 million loan from National Bank of Florida. Upon completion, the four-story endeavor…

Welltower buys assisted living complex in Davie for $34M

Welltower bought a 220-bed assisted and independent living complex in Davie for $34.3 million, marking continued investment in South Florida senior care facilities. Royal Senior Care and MG3 Group sold Oakmonte Village of Davie at 8201 Stirling Road to Welltower, a publicly traded real estate investment trust, according to records and real estate database Vizzda.

Midtown Miami developer Jon Samuel sells Sunrise retail plaza for $30M

Jon Samuel, one of the original developers of Midtown Miami, sold a retail plaza in Sunrise for $30 million. New York-based SK Realty Management, led by principals Sam Kirschenbaum and Benjamin Rubin, bought Sawgrass Landing, a fully-leased shopping center spanning 64,510 square feet at 13713, 13775, and 13999 West Sunrise Boulevard, Lena Zubkova…

Related, Pebb and BH plan Live Local project along Fort Lauderdale waterfront

Another Live Local Act project involving Related Group is in the works along Fort Lauderdale’s waterfront. Coconut Grove-based Related, led by Jorge, Jon Paul and Nicholas Pérez, is partnering with Aventura-based BH Group, led by Liat and Isaac Toledano, and Boca Raton-based Pebb Enterprises, led by Ian Weiner, on the planned redevelopment of The Quay at 17th Street…

Developers Seek Rezoning Change for Eight-Story Community at 2410 North Australian Avenue in West Palm Beach

The VDG Land Co. LLC has plans to construct a development that would offer workforce housing for the employees of the nearby Breakers Palm Beach resort. The venture would occupy a 2.46-acre lot, about half of which is still owned by the city. VDG Land Co. LLC owns the remaining 1.3 acres. The proposed build site is mostly vacant. Plans currently call for an eight-story…

Steve Ross commits $50M to Vanderbilt’s West Palm Beach campus

Steve Ross committed a $50 million donation to Vanderbilt University for its planned West Palm Beach graduate school campus, an expansion the billionaire developer has championed since its inception. Including his donation, the school has raised a total of $77 million toward its $300 million fundraising goal for the project, a spokesperson confirmed. Ross isn’t the only…

Vlad Doronin’s OKO and Cain propose three-building Palm Beach condo complex

OKO Group and Cain International are proposing a three-building condo complex in Palm Beach, the island’s first new condo proposal in nearly 20 years. The development would involve demolishing two existing condo buildings, the Ambassador Palm Beach Hotel & Residences at 2730 South Ocean Boulevard, and Edgewater at 2720 South Ocean Boulevard.

Receiver for firm accused of $40M fraud plans sale of South Florida resi, office properties

The receiver for an embattled West Palm Beach firm accused of a massive real estate and securities fraud plans to sell six of its residential properties and several office condos in South Florida. Married couple Janalie Bingham and Jean Joseph, as well as Wells Real Estate Investment, which Bingham led as CEO, allegedly siphoned off more than $40 million they raised…

Video: LeaseLock’s Greg Willett, Andrew Bowen Discuss Multifamily Performance & Transaction Volume

Multifamily Market Insights: Navigating 2025 with Optimism and Strategy On a recent episode of America’s Commercial Real Estate Show, the host welcomed Greg Willett, Chief Economist, and Andrew Bowen, SVP of Strategic Partnerships—both from LeaseLock—to unpack the state of the multifamily market. Their in-depth discussion illuminated the current challenges…

Survey Reveals How Contractors Are Bracing for What’s Next

It feels like déjà vu for real estate developers—reminiscent of 2020, or even the uncertainty of 2008. The typically stable world of commercial real estate has been completely upended, and we’re now grappling with a host of complex and impactful variables: Tariffs driving up hard costs; The possibility of a recession, potentially lowering interest rates…

Grant Cardone raises $88M for crypto and multifamily deals; plays coy about California governor run

Grant Cardone raised $88.1 million in recent months for a fund that bought $15 million in Bitcoin and paid $73 million for a Central Florida apartment project. At the same time, the crowdfunding multifamily syndicator has toyed with the notion of running for governor of California, where Cardone owns a beachfront home in Malibu damaged during the devastating…

Future-Proofing Buildings: The Impact of Amazon Key on Multifamily Living

Amazon has redefined convenience in shopping, but for residents in multifamily properties, receiving packages can be a challenge due to traditional methods of access. Amazon Key provides streamlined, verified access, transforming the landscape for property developers and managers by ensuring fast and convenient delivery to multifamily properties. We uncover the transformative…

Real GDP growth by state: Fourth quarter 2024

On March 28, 2025, the Bureau of Economic Analysis released real GDP data for all US states for the fourth quarter of 2024. The FRED map above shows the year-over-year growth rates: Red denotes contraction, light green denotes some growth, and dark green denotes faster growth. Highlights 48 of 50 state economies expanded in 2024, with a national average of 2.8% growth.

Miami-Dade County Commission Approves $3B Little River District Mixed-Use Development 

The Miami-Dade County Commission has granted final approval for Little River District, a $3 billion mixed-use development in Miami’s Little River and Little Haiti neighborhoods. SG Holdings, a joint venture between Swerdlow Group, SJM Partners and Alben Duffie, is the developer. Spanning 63 acres, the project is slated to include more than 5,700 affordable…

Miami-Dade approves Swerdlow, Related Urban ground leases for nearly 6K affordable and workforce apartments

Two developers’ deals to build apartment projects on county-owned land breezed through approvals, with plans for a total of nearly 6,000 units. On Tuesday, in separate actions, the Miami-Dade County Commission voted unanimously and without discussion to approve 99-year ground leases with a Michael Swerdlow-led joint venture and with Related Urban, the affordable…

$3B Mixed-Use Little River District Approved: New Details

The Miami-Dade County Commission voted unanimously yesterday to approve SG Holdings’ 63-acre Little River District, and new details of the development have been released. It will be the largest affordable housing development in Miami-Dade County’s history, with 5,700 affordable and workforce housing units. SG Holdings, a joint venture comprised of Swerdlow Group…

600 Miami Worldcenter’s Ascent to 32 Stories Accelerates in Downtown Miami

Vertical construction is accelerating on 600 Miami Worldcenter, a 32-story residential high-rise at 600 NE 1st Avenue and 55 NE 6th Street in Downtown Miami. The tower is part of the expansive 27-acre Miami Worldcenter master plan and is being developed by Aria Development Group in partnership with Merrimac Ventures. Designed by Revuelta Architecture International…

$2B Mixed-Use Development Announced In Midtown Miami

Plans to develop a vacant site in Midtown Miami have been announced, including a tower by Proper Hospitality. The new $2 billion mixed-use development will be set on 5 acres where Walmart once planned a store that was never completed. It will include lush open areas, including two public parks and pedestrian paseos, connecting Midtown to the Design District and Wynwood.

Carlos Rosso and partners plan major mixed-use development on former Walmart site in Midtown Miami

Development of a long-vacant plot of land in Midtown Miami, where a controversial Walmart was once planned, is moving forward. Proper Hospitality is teaming with Carlos Rosso’s Rosso Development and Alex Vadia’s Midtown Development to launch sales of phase one, a 28-story, 288-unit branded condo tower. The building, called Midtown Park Residences by Proper…

Miami Beach’s Kimpton Surfcomber Hotel engulfed in messy ground lease dispute

A convoluted legal fight is brewing over a portion of the land underneath the Kimpton Surfcomber Hotel at 1717 Collins Avenue in Miami Beach. Sean and Nicole Mirmelli, as trustees for the Deirdre Mirmelli Irrevocable Trust, sued Chisholm Properties South Beach last week in Miami-Dade Circuit Court over alleged violations of a 99-year-ground lease for one of two parcels beneath the three-story…

Park West Tower Gets $215M Construction Financing, 99% Sold

West Eleventh Residences is now 99% sold and has secured $215 million in construction financing. Completion is planned for Q1 2028. A groundbreaking ceremony took place in September 2024. The tower will rise 44 stories, with 659 residential condos allowing flexible rentals. It will also have a three-level “experiential” entertainment venue. A glass floor pool is being built…

Santander Tower Submitted To FAA, Nearly Matching 70-Story Four Seasons Height

The proposed heights of the office tower planned by Banco Santander in Brickell have been filed with the FAA. Santander’s tower will be close in height to the 70-story, 789-foot Four Seasons tower, which is currently the tallest on Brickell Avenue and the third tallest in Miami. A lightning rod at the new Santander tower is planned to reach 784 feet above ground, or 791 feet…

Brickell in line for its own circulator transit system

After picking up over 23,000 riders in its first 16 months, the Freebee Downtown Circulator is gearing up to expand into Brickell this year, fueled by new state funding. The free service, a partnership between the Miami Downtown Development Authority (DDA) and Freebee, offers eco-friendly transit through Miami’s bustling urban core. The loop connects key destinations…

Debated Kendall Parkway advances in planning

Due to construction cost increases over the past four years, the Greater Miami Expressway Agency (GMX) is now analyzing project costs and updating the price estimates for a Kendall Parkway Expressway extension that has been heatedly debated for years. The agency’s board recently awarded contracts for geotechnical exploration and contamination assessments along the…

Signature Bridge, double-deck highway roadbed advance

A set of towering arches now cast shadows in downtown Miami, part of the support structures for a new Signature Bridge, a key component of the I-395/SR 836/I-95 Design-Build Project. The sprawling $818 million project is the product of a partnership between the Florida Department of Transportation (FDOT) and the Greater Miami Expressway Agency and its contractor…

Wynwood residential rental project Evolve Wynwood 35 moves ahead

A low-profile eight-story residential rental project called Evolve Wynwood 35 is planned for property at 535 NW 35th St. to be home to 141 dwellings, an amenity deck, a partially covered pedestrian walkway and a ground-floor café. MPW Holdings II LLC is the owner-developer of six parcels at 535, 543, 553, 579, 583, and 585 NW 35th St., in the Wynwood Norte Neighborhood…

Miami Multifamily Report – February 2025

South Florida’s multifamily market closed 2024 with a measured pace of growth. The average advertised asking rent was down 0.2 percent on a trailing three-month basis, to $2,477, mirroring the national trend. The metro’s average overall occupancy rate in stabilized properties was down 10 basis points year-over-year, to 95.3 percent. However, the Lifestyle figure saw a 10-basis…

Vertical Construction Underway on 58-Story Downtown 6th In Miami

Vertical construction is now underway on Melo Group’s Downtown 6th, a 58-story residential tower rising at 46 NE 6th Street in Downtown Miami. Designed by Melo Architecture and G3AEC with De Los Reyes Engineering Inc as the structural engineer, the tower will top out at 574 feet above ground, or 587 feet above sea level, yielding 824 residential apartments, 2,247 square feet…

Site Work, Phased Vertical Permits Submitted For 765-Foot Santander Tower

Site work and phased vertical permits have been applied for at Brickell’s Santander Tower site. Santander Bank is building a 41-story, 765-foot tower on the property. Demolition of an older building on the site is currently underway. The two new permit applications were both submitted on March 19. The site work permit is for an estimated $3 million worth of work, with Coastal…

‘Curvaceous Striking’ 32-Story Glass Tower Breaks Ground in North Bay Village

Continuum Company has broken ground on a 32-story condo tower in North Bay Village called Continuum Club & Residences. The tower is described as being curvaceous and striking, with a design by Arquitectonica. 48% of residences planned in the tower were already sold before yesterday’s groundbreaking. A total of 198 residences and penthouses are planned, ranging…

In a crowd of Miami contenders, Shore Club is it

A crop of ultra-luxury developments are underway in Miami. But only a few have the right combination of magnetism, potential for success and likelihood of being completed in a timely manner. At the top of the heap is Shore Club Private Collection, an Auberge-branded project under construction in Miami Beach. Witkoff, led by Alex Witkoff, and Ted Koenig’s Monroe Capital…

JEM Miami Worldcenter Gets Approval For 800 Foot Cranes (Photo)

Several very tall construction cranes have been approved for the site where the 67-story JEM Private Residences is being built at Miami Worldcenter. Developer Naftali Group is building 786 residential units, of which 259 will be condos. Condo owners will have a separate entrance from the remainder of the residential units. The Federal Aviation Administration issued…

Corebridge Buys Miami Warehouse from Longpoint for $44M

The cross-dock facility was at full occupancy at the time of the sale. Image courtesy of CBRE Corebridge Real Estate Investors has acquired a 211,471-square-foot industrial asset in Miami for $43.5 million. Longpoint Partners sold the building, while CBRE brokered the transaction on its behalf. Longpoint acquired the asset in 2019 from Prologis, for $25 million, according to…

$43.5M Sale of Warehouse in North Miami Brokered

CBRE has arranged the sale of Sunshine State Industrial, a 211,471-square-foot, multi-tenant warehouse located at 1400 N.W. 159th St. in Miami. Corebridge Real Estate Investors purchased the property for $43.5 million. José Lobón, Trey Barry, Frank Fallon, Royce Rose, George Fallon, Gabriel Braun and Daniel Sarmiento of CBRE represented the seller, Boston-based…

Following South Florida buying binge, Longpoint sheds Miami-Dade warehouse for $44M

Following a busy South Florida two-year buying binge, Longpoint shed a warehouse near Miami Gardens for $43.5 million. An affiliate of Boston-based Longpoint, led by founding partner Dwight Angelini, sold a nearly fully-leased 221,471-square-foot warehouse at 1400 Northwest 169th Street in unincorporated northwest Miami-Dade. The buyer is New York-based Corebridge…

Hedge fund, private equity firm among new tenants in Brickell office tower

The owner of the 701 Brickell office tower signed four leases, with three tenants new to market and the other an expansion. Brian Gale and Edward Quinon of Cushman & Wakefield represented landlord Morning Calm Management in the four leases for a combined 40,000 square feet at 701 Brickell Ave. Core Scientific leased 11,000 square feet as a new tenant. The Austin, Texas-based…

Category Five bulks up multifamily portfolio with $47M purchase near Miami Shores

Category Five Real Estate added a pair of garden-style apartment complexes to the firm’s burgeoning South Florida portfolio of older multifamily properties… In separate deals, the Aventura-based firm paid $18 million for Blue Lake Apartments at 1205 Northwest 103rd Lane, and $29 million for Lake Shore Presidential Apartments at 1260 Northwest 95th Street, Category Five…

Construction Continues On E11EVEN-Branded Towers in Downtown Miami’s Park West Neighborhood

Construction is progressing on E11EVEN® Club Hotel & Residences and E11EVEN® Club Residences Beyond, a pair of 64-story towers at 20 and 90 NE 11th Street in Downtown Miami’s Park West neighborhood. Designed by Sieger Suarez Architects with CHM Structural Engineering, LLC as the structural engineer and interiors by AvroKO and developed by Property Markets…

PMG, partners score $215M construction loan for Miami condo tower near E11even

PMG, Lion Development Group and Marc Roberts Companies landed a $215 million construction loan for their planned condo tower, 38 West Eleventh Residences Miami. Steven Tananbaum’s New York City-based GoldenTree Asset Management is providing the loan, according to a press release. The 44-story, 659-unit short-term rental-friendly condo tower is one…

Groundbreaking Ceremony Held For 57-Story Edge House Miami

In Edgewater, the 57-story Edge House tower is now officially under construction. Developer Grupo T&C held a groundbreaking ceremony on March 27 in Edgewater to mark the start of work. Edge House is being designed by Miami architect Kobi Karp, with interiors by Adriana Hoyos Design Studio. It will include 608 residential condo units, that will be delivered fully finished…

Groundbreaking Expected Next Year For 5,700 Unit Little River Project With New Tri-Rail Station

Groundbreaking “should come next year” for a massive project in Little River, its developer told the Herald last week. The development is up for a vote before the full Miami-Dade commission tomorrow. The plans include a new Tri-Rail station, which will be financed through the creation of a new taxing district encompassing the development area. Other infrastructure improvements…

$350M Riverside Wharf To Have Nightclub Zoned For Alcohol Until 5AM

New details of downtown Miami’s Riverside Wharf have been revealed by its developer, according to NBC6. Groundbreaking is planned for summer 2025, with completion in 2027. The complex will have a two-level nightclub, with zoning allowing it to serve alcohol until 5 AM. There will also be a dayclub, multiple restaurants, and event and meeting spaces.

This mega complex will replace what used to be The Wharf Miami

The Wharf Miami was all the rage when opened in 2017. What was supposed to be a pop-up space became a fixture on the Miami River. It invigorated the commercial area, but in 2023, the space closed. Despite the shutdown, the owners of the venue, Breakwater Hospitality, knew more was possible. They hope their new plan will stick and reshape the landscape of the Miami River.

Multiplan lands $30M construction loan for oceanfront Surfside condos

Multiplan Real Estate Asset Management landed a $30 million construction loan for its planned oceanfront condos in Surfside. Records show Coral Gables-based Bradesco Bank is supplying the financing for Multiplan’s 12-story, 25-unit Ocean House project. The loan allows for borrowing up to $60 million, property records show. Multiplan, led by Brazilian billionaire…

Construction Progress Advances on The Standard Residences, Brickell and LOFTY Brickell

Construction is progressing on The Standard Residences, Brickell and LOFTY Brickell, a pair of high-rise residential towers rising side by side along the Miami River in the heart of Brickell. Both designed by Arquitectonica, the 45-story Standard tower will yield 422 residences and is being developed by Newgard Development Group in partnership with Two Roads Development…

Exterior Work Nearing Completion At The Standard Residences Midtown Miami

Exterior work is nearing completion on The Standard Residences Midtown Miami, a 12-story residential building underway at 3100 Northeast 1st Avenue in Miami’s Midtown neighborhood. Designed by Arquitectonica with interiors by Urban Robot Associates and developed by Rosso Development, Midtown Development, and Standard International, the project…

Finishing Touches Underway for Modera Riverside at 300 SW 2nd Avenue in Downtown Miami

Finishing touches are underway at Modera Riverside, a 36-story residential tower developed by Mill Creek Residential and Adler Development in Downtown Miami. Located at 300 Southwest 2nd Avenue, the project rises east of the Miami River, between the riverwalk and the intersection of SW 2nd Avenue and SW 3rd Street. The tower, designed by Nichols Architects…

YIMBY Scopes Aerial Views of Nearly Complete 54-Story Tower, First Phase of Miami River Mega-Project in Brickell

Nearing completion along the Miami River in Brickell is the first phase of The River District (also known as Miami River), a 4-million-square-foot master-planned mixed-use development by New York-based Chetrit Group. This initial phase features a 54-story residential tower, located at 275 SW 6th Street and 501 W 3rd Avenue, designed by Kobi Karp Architecture…

First Crane Installed To Build Ultra-Luxury Apartment Tower In Edgewater

A construction crane is being installed today at the Edgewater site where an ultra-luxury apartment tower is being built. The 38-story tower will have just 114 apartments, with 291,000 rentable square feet, according to a presentation to investors last year by developer Aimco. The expected direct costs for the tower is listed at $240m in the presentation, which equates to over $2m per apartment.

Miami-Dade Second Fastest Growing County In The Nation Last Year

Miami-Dade was the second fastest growing county in the U.S. last year, according to an analysis of census data by the Miami Association of Realtors. The study looked at the year beginning July 1, 2023 and ending July 1, 2024. Miami-Dade County’s net population increase during the period was 64,211, or 2.3%. That is much faster than the national population growth rate of 1%.

Photo: Major Renovation Underway At Miami Worldcenter Metromover Station

Renovation is underway at the Miami Worldcenter Metrmover station . Earlier this month, county commissioners adopted a resolution renaming it from the Park West Metromover Station to the Miami Worldcenter Metromover Station. In January, the station closed for a renovation expected to last up to six months. Major upgrades are planned, with enhancements including…

Photos: World Square Opens At Miami Worldcenter

World Square recently opened to the public at Miami Worldcenter. The 20,000-square-foot outdoor space is meant to complement Miami Worldcenter’s surrounding retail streets. According to Worlecenter’s developers, it is designed to be a central gathering place, with open space and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail.

Developer Gets Financing For 85-Unit Multifamily in The Roads, Groundbreaking April

In The Roads, a Class A multifamily building is about to begin construction, with a construction loan now secured. Empira Group said it secured $32 million in construction financing for the eight-story development, known as ENSO. Groundbreaking For ENSO is now planned for April, with delivery in 2027. Enso will include 85 units, ranging from one to three bedrooms.

Brickell Property Could Be Added To Rapid Transit Zone

A corner Brickell property could be added to Miami-Dade’s Rapid Transit Zone. The property is located in one of the fastest growing and most densely developed areas in Miami. It is next to Mary Brickell Village and a 20-story, 252-room CitizenM hotel that recently opened. County commissioners are scheduled to vote on the potential addition at an April 1 meeting.

1600 Edgewater Unanimously Approved By UDRB

Miami’s Urban Development Review Board voted unanimously last week to recommend approval of the 1600 Edgewater development. The board recommendation approval came with conditions, including: Elevate the design of the main entry, making it more prominent to pedestrians. Screen the Parking Structure to conceal its internal elements from the exterior.

Yakol to launch sales of Shigeru Ban condos in Miami’s Upper Buena Vista

Yakol Capital Partners is moving forward with plans for a Shigeru Ban-designed condo development in Miami’s Upper Buena Vista neighborhood. Miami-based Yakol, led by William Jacome and Orlando Medellin, tapped Fredrik Eklund of Douglas Elliman’s Eklund-Gomes Team to launch sales later this year of the 12-story, 320-unit development planned…

Miami-Dade commissioners giving away land to favored groups

If Abraham Lincoln had the Homestead Act — the 1862 measure that gave 160 acres of public land to almost any American who agreed to steward it — Miami-Dade County has the Homestead Town Center. In a neighborhood where development sites sell for $1 million an acre, the 24-acre Homestead Town Center went for just $12.4 million in a no-bid deal in which the county…

Related Group promotes Jon Paul Pérez to CEO

In the latest batch of South Florida real estate hiring news, one of the region’s most prominent development scions moved up the ladder as succession plans take effect. Related Group promoted President Jon Paul Pérez to CEO as part of its succession plans, a spokesperson confirmed. Jon Paul Pérez, Related founder Jorge Pérez’s son, will also remain in his role as president…

Lease roundup: Ideal Nutrition opening at Prologis warehouse, hospice provider Vitas expands in Miramar

Healthy meal delivery service Ideal Nutrition will expand in Palm Beach County. Ideal Nutrition, led by CEO Wolfgang Brunet, leased a 43,200-square-foot warehouse at the Prologis Airport Center at 6017-6059 Southern Boulevard in an unincorporated area of the county, according to a news release from the tenant’s broker. The tenant is expected to move in this year.

Public Storage beefs up Plantation presence with $57M facilities purchase

Public Storage expanded its portfolio in Plantation after dropping a combined $57.3 million for two facilities. In the larger deal, Glendale, California-based Public Storage, led by CEO Joseph Russell Jr., paid $36.2 million for a complex with one four-story building and two one-story buildings with a combined 165,252 square feet of self-storage space, records and real estate…

Gazit Horizons Buys Galt Ocean Marketplace Shopping Center in Fort Lauderdale for $35.4M

Miami-based Gazit Horizons Inc. has purchased Galt Ocean Marketplace, a 105,589-square-foot shopping center situated on a linear 8.6-acre site along A1A in Fort Lauderdale. The seller, an affiliate of a joint venture between Evergreen Investment Advisors and Kitson & Partners, sold the grocery-anchored property for $35.4 million. Casey Rosen, Dennis Carson…

Pinnacle advances 196-unit Live Local affordable housing project in Fort Lauderdale

Pinnacle Housing Group and its partners advanced its plan to build a 196-unit Live Local Act affordable housing complex with separate buildings for seniors and workforce tenants in Fort Lauderdale’s Cypress Creek area. The Fort Lauderdale City Commission last week approved a $640,000 loan commitment to help the Miami-based developer finance construction…

Will Pinnacle’s apartment project near Fort Lauderdale waterfront fetch $50M-plus?

Pinnacle Housing Group’s two-year-old apartment project near Fort Lauderdale’s waterfront is hitting the market, and the listing brokers are expecting offers in the $50 million-plus range. Miami-based Pinnacle completed Elyps, an eight-story building with 140 units at 2500 Southwest 22nd Terrace, in 2023, records show. The development firm is led by partners Louis Wolfson III…

Gazit Horizons doubles South Florida retail portfolio with $35M purchase

Gazit Horizons acquired a grocery-anchored shopping center near Fort Lauderdale’s oceanfront for $35.4 million, doubling its South Florida retail portfolio. An affiliate of Gazit Horizons, the Miami-based U.S. arm of Israeli real estate firm Gazit Globe, paid $35.4 million for Galt Ocean Marketplace at 3700 and 3800 North Ocean Boulevard, according to a press release.

Behind the development boom coming for Broward County

Ask a toddler to draw picture of a beach, and it would probably look like the one in Fort Lauderdale. The sand is white and the water is blue. The palm trees offer sparse shade. On a March day, spring breakers sprawl across the sand. They’re young and sunburned, and they flock to the strip lined with spring break spots: the Elbow Room, Señor Frog’s and the Drunken Taco.

Pulte drops $40M on homesites near Palm Beach Gardens

PulteGroup dropped $39.5 million on homesites for its planned Reserve at Eastpointe luxury single-family community near Palm Beach Gardens. Records show Pulte bought the sites at the intersection of Donald Ross Road and North Jog Road from an affiliate of Fort Lauderdale-based GT USA. The Atlanta-based homebuilder had already paid $4.7 million for eight sites…

Lynd JV scores $133M refi for new 401-unit apartment complex at Tuttle Royale

Lynd and its partners scored a $132.5 million refinancing for their newly finished 401-unit apartment complex at Royal Palm Beach’s Tuttle Royale mixed-use development. The San Antonio, Texas-based firm this year completed Villas at Tuttle Royale with 26 three-story buildings and 55 townhomes for rent at 11200 Nicole Drive, according to a Lynd news release. The complex includes…

From Retreat to Residence: Why Billionaires Flock to Palm Beach County

Palm Beach County has long been synonymous with luxury, exclusivity and a prestigious coastal lifestyle. Over the past few years, the region has undergone a dramatic transformation, evolving from a seasonal retreat to a year-round hub for ultra-high-net-worth individuals. The shift has been driven by an influx of affluent buyers and high-profile business leaders, who have reshaped…

Steve Ross commits $50M to Vanderbilt’s West Palm Beach campus

Steve Ross committed a $50 million donation to Vanderbilt University for its planned West Palm Beach graduate school campus, an expansion the billionaire developer has championed since its inception. Including his donation, the school has raised a total of $77 million toward its $300 million fundraising goal for the project, a spokesperson confirmed.

Steve Ross advances plan to develop private school in West Palm Beach on 55 acres of city-owned land

Billionaire developer Steve Ross advanced his plan to develop a kindergarten-through-12th-grade private school on 55 acres of city-owned land in West Palm Beach near Florida’s Turnpike. The West Palm Beach City Commission on Monday voted unanimously to declare the 55-acre site as surplus city land and authorize negotiations based on a term sheet for the sale of the property…

Work-from-Anywhere Trend Pushes Rents Ahead of U.S. Norm in Florida Beach Towns

The COVID-19 pandemic inspired a mass migration to U.S. beach towns. When offices were shut down and employees were allowed to work from anywhere, many people moved to the beach. As a result of increased demand for apartments and limited supply along the Florida coastline, rents jumped notably across the state in 2021. Three years later, the gap created by those…

Moody’s National CRE Monthly Update: March 2025

Wait-and-See Approach to Monetary Policy Keeps CRE in Limbo Summary After a full percentage point reduction in the federal funds rate between the September and December 2024 Federal Open Market Committee (FOMC) meetings, the effective federal funds rate has remained flat at 4.33% since then. Meanwhile, the benchmark 10-year U.S. Treasury yield has remained…

Commercial real estate battles to stay in the mix ‘till 2026

Can private credit serve as a lifeline in turbulent waters? Breaking the ice The commercial real estate market has been relatively frozen for the past few years. With limited transactions and difficult financing conditions, the market has been unable to find a bottom, which has made true price discovery almost impossible. We’re only now seeing the market thaw for distressed…

Considering a Sale-Leaseback? Get Real About Value

In the world of commercial real estate, sale-leaseback transactions have become an increasingly popular financial strategy as interest rates have risen significantly from their post pandemic lows in December 2021. Unlocking the capital within corporate real estate facilities provides an excellent alternative to traditional debt financing. When it comes to evaluating…

E-Commerce Growth May Drive Logistics Space Demand Nationally To 30% By 2030

If the explosive growth of e-commerce continues as expected beyond 2024, it is likely to increase demand for logistics space from 24% now to 30% by 2030, and cross-border retailers like Shein and Temu will be a significant cause. A new analysis by Prologis of the impact of the e-commerce boom on logistics real estate found that in 2024, online retail accounted for 56%…

Self Storage in 2025: Treading Water

Earlier this month, Extra Space Storage and Public Storage offered valuable commentary during their annual earnings conference calls. Here are some of the important highlights: Pricing Power: We’ve Found Stable Ground. Throughout 2024, the introductory (teaser) rates offered to new customers underwent a steady decline. These lower rates were due to a mix of strategy…

Video: K.C. Conway on the Impact of Tariffs & Administration Policies

Tariffs, Inflation, and Real Estate: A Deep Dive into Today’s Economy with K.C. Conway In a fast-moving episode of America’s Commercial Real Estate Show, the show’s host sat down with renowned economist K.C. Conway to unpack what’s happening in today’s economy—and what it all means for commercial real estate. With topics ranging from tariffs and inflation to the fallout…

Q1 Moody’s CRE Preliminary Trend Analysis

Q1 2025 Snapshot: Core CRE sector performance remained steady in Q1 2025.  Multifamily is finding equilibrium after years of frictional oversupply. The office is still hindered by the evolution of remote working and uncertainty over utilization. Retail has finally rightsized, while industrial is rebalancing after strong growth in both demand and supply in recent years.

Video: MSCI Research Executive Director Jim Costello Provides Transaction Volume Forecast 2025; Navigating Distress, Opportunity, and Recovery

In a recent episode of America’s Commercial Real Estate Show the show host sat down with Jim Costello, seasoned economist from MSCI where he co-heads the real-assets research team with responsibility for the Americas, to unpack the state of commercial real estate as we move through 2025. The conversation offered a deep dive into transaction volumes, sector-specific…

The Fed: Do delinquency rates anticipate recessions?

Recent research has linked macroeconomic shocks with household financial distress. For instance, José Mustre-del-Río, Juan M. Sánchez, Ryan Mather, and Kartik Athreya show that regions with a higher share of credit card delinquency had more severe responses to macroeconomic shocks during the past two recessions. This post takes the topic a step further by…

FOMC Summary of Economic Projections, March 2025

Every quarter, FOMC meeting participants submit their projections of key economic indicators. The committee releases the Summary of Economic Projections (SEP), containing the median, central tendency, and range of these projections: civilian unemployment rate headline and core PCEPI real GDP growth and the federal funds rate. Projections are generally provided for the current…