Wynwood revitalization plan gets OK from Miami commission
The city of Miami commission granted the first approval for the rezoning of the emerging Wynwood neighborhood as tens of millions of dollars of developer dollars have poured into the area. Having gained international fame for its street art, Wynwood is in the midst of a transformation from a district of old warehouses and empty lots…
Met Square Mixed-Use Project Latest to Break Ground In Miami’s Booming Downtown
MDM Group has broken ground on Met Square, a 43-story residential tower with attached movie theater, shops and restaurants that will be the fourth and last phase of MDM’s $1 billion Metropolitan Miami master development in downtown Miami. Underscoring South Florida’s heated multifamily…
Launches and Releases: Related Launches Hyde Beach House Tower, Which is Not Beachfront, but Close
The Related Group has launched yet another condo tower at its Hollywood/Hallandale Beach, city-line-boarder straddling compound that so far includes Apogee Beach, Hyde Beach Resort, Beachwalk, and the Hyde Beach Club. This one’s the called Hyde Beach House, and it’s on the Intracoastal Waterway…
Doral office building loses $23M foreclosure judgment, competing buyers could head off auction
The Doral Court office building has been scheduled for foreclosure auction on Sept. 1, but several potential buyers are competing to purchase the property before then. Doral Court Debt Holdings, an affiliate of New York-based Triangle Capital Group led by Michael Pinewski, won a $22.7 million foreclosure judgment against 45 LLCs…
Doral Resort Was Donald Trump’s Most Profitable Business Last Year
Donald Trump’s made more money from his resort in Doral last year than any other business, he revealed yesterday. Trump National Doral, which includes a hotel and golf course, brought in $49.4 million in income last year from ‘golf resort related revenues.’ The resort itself was valued above $50 million, according to the disclosure form.
In Detail: FBI South Florida Headquarters
In addition to developing buildings that embody “the dignity, enterprise, vigor, and stability of the American national government,” and the “finest contemporary American architectural thought,” the U.S. General Services Administration’s (GSA) Design Excellence Program asks the architects it commissions to be site conscious…
15 New murals going up throughout Wynwood, Little Haiti, Little Havana, and Hialeah
Given its abundance of sunshine, affinity for tropical hues, and persistently warm hot weather, it’s like Miami was made for outdoor art. And in keeping with its growing international reputation in this arena, the city is about to see 15 colorful new additions. Thanks to the Beck’s Urban Canvas project, works of art are going up…
Developer plans 280 apartments in south Miami-Dade
A local developer wants to build 280 apartments in the Naranja area of southern Miami-Dade County. Deering Grove would be located on the 9.3-acre site at the southwest corner of Southwest 256th Street and Southwest 137th Avenue, according to an application filed with Miami-Dade County on July 13. Village at Tuscany LLC…
Berger Commercial Realty Closes Three Sales Totaling More Than $10 Million
Berger Commercial’s Lloyd Berger, Keith Graves, Joe Byrnes, and Roxanna Collins negotiated the deals.
Met Square, Final Phase of $1B Master-Planned Community In Downtown Miami, Breaks Ground
The project is slated for completion in mid-2017.
Hold the phone Joan, the luxury residential building that Renzo Piano is designing for the Terra Group in North Beach has a name, and it’s Eighty Seven Park, because it’s on Eighty Seventh Street and has a park on one side. Of course usually when a building has a name like that it’s because that…
Daiquiri Sunset: Several iconic Miami hotels make way for high-end condominiums
A series of residential towers is set to replace some of Miami’s historic hotels. The city has seen a wave of development in the last 10 years, and neighborhoods such as North Beach—once off the radar—have become new urban hot pockets. Many long-time residents are concerned about the dangers of luxury condo-fication…
CRE Lending Expected To Peak In 2016
A majority commercial real estate lenders expects that new lending volume will peak for this cycle in 2016 or 2017, according to the forthcoming Spring 2015 RELA-Chandan Survey of Commercial Real Estate Lender Sentiment. Specifically, 39% of lenders expect peak lending in 2016, while a further 36%…
10,000 Homes, Business, And Office Growth Being Sought In West Kendall
Land use changes are due for action as amendments to the Miami-Dade Comprehensive Development Master Plan. The largest CDMP application creates a “Green City” on 860 acres on Kendall Drive.
Miami Innovation Tower plans nixed by city — again
Miami Innovation Tower is officially on life support. Late Thursday, the Miami City Commission ratified an initial June vote adopting an ordinance that eliminates so-called “media towers” on the site proposed for the 633-foot high-rise featuring five large…
New juice joint taking aim at Miami-Dade
Another juice shop is moving into Miami: Raw Juce has leased two new locations in Aventura and South Beach, marking the company’s first foray into Miami-Dade County, the real estate firm RKF announced Thursday. RKF Director Andrea Blade and Vice President Drew…
Here’s what sold between $1M and $8M this week
Doral office building trades for $3.2M. The offices at 9300 Northwest 25th Street in Doral. A two-story office building in Doral was just sold to a group of investors for $3.2 million. The property, at 9300 Northwest 25th Street, is the 25th Street Executive Building. It has 24,430 square feet of space…
Jugofresh to open South Pointe pop-up restaurant
Jugofresh is opening a pop-up restaurant in its South Pointe location: jugofresh r + d kitchen. The local juice, smoothie and vegan foods brand, will open the 2,000-square-foot space in Miami Beach as a restaurant on Aug. 1, according to a…
Miami remains steady for cash sales in June
Miami held its place last month as the nation’s third most popular city for cash sales, according to a RealtyTrac report released on Thursday. Despite a continued national decline of these deals, Miami has retained its third place for most of this year.
Ridge Building Spec Industrial in Medley
“Demand for sites with the ability to stage trailers and containers on-site in a secure environment is increasing…”