Apartment Developer Buys Site Where 449-Unit Riverside Tower Was Recently Approved
Downtown Miami’s red-hot apartment market could be getting a few hundred more units. Apartment developer Adler Group closed on the purchase of the Riverside Tower development site last week. The property is located at 230 Southwest 3rd Street, in front of a city of Miami administrative building. In 2013, a company managed…
At American Dream Mall, World’s Largest Indoor Ski Slope Will Open At 10 AM Daily
American Dream mall is already advertising in a local newspaper. The mall, which will be the largest in the U.S., is being built in Northwest Dade, near Hialeah and Miami Lakes. The indoor ski slope will be the largest in the world, according to the ad. Skiing, sledding, tobogganing and ski instruction will be available daily year round, starting…
Inside 250 Wynwood, First of Many Residential Buildings Likely to Come
Construction is almost complete at 250 Wynwood, the modern, six-story, 11-unit residential building going up on NW 24th Street. In a neighborhood that seems to have it all — world-class street art, craft beer, artisanal coffee, creative office spaces — there aren’t many options for people to sleep there at night. And that’s mostly because…
Speedy Melo Group Is Already Painting 497-Unit Melody
Melo Group wants to retain their reputation as one of the fastest builders in Miami. The developer is already painting their 497-unit Melody rental high-rise, even as the 36-story tower continues to rise. Melody broke ground in June 2014 at 245 NE 14 Street, next to the Arsht Center. Melo says that it will be a luxury apartment…
5 predictions about the South Florida economy
South Florida is catching a tailwind from a stronger U.S. economy, according to PNC Financial Services Group’s third quarter Southeast Market Outlook. The report offered an optimistic forecast of the region’s progress into 2016, predicting lowered unemployment rates, less foreclosed properties and more tourism. “Southeast Florida…
Photos of 2500 Biscayne Coming Out Of The Ground
Construction continues at a 156-unit rental project at 2500 Biscayne. Greystone of New York is the developer, while Behar Font of Coral Gables is the architect.
North Miami Business Park sells for $21.25 million
North Miami Business Park sold at a slight loss this week. The 214,318-square-foot, 12-building asset traded for $21.25 million, or about $100 a square foot. In 2005, during the height of the last market cycle, the business park at 1922 N.E. 149th St. in North Miami sold for $21.75 million. In the latest deal, Douglas Mandel…
Mixed-use project near Metrorail to be proposed in Miami’s Coconut Grove
A development with apartments, commercial space and possibly office space will be proposed at a site near a Metrorail station and Underline, a 10-mile linear park and urban trail being developed underneath Metrorail that will run from the Miami River to Dadeland South Station. Alfa SF Equity…
Keyes Commercial Leads Mid-Year Commerical Broker Ranking
In the twelve months ending June 30, 2015, Keyes Commercial Realty dominated the Miami MLS market share rankings by number of sales transactions of commercial improved properties within Miami-Dade County. The firm’s impressive 4.1% market share was 82% more than the n…
Berger Commercial Realty Closes Three Leases Totaling More Than 55,000 Square Feet
Broker Associate Roxanna Collins negotiated the deals.
Miami Business Park Trades In $21.25 Million Deal
IPA senior director Douglas K. Mandel and IPA director Benjamin H. Silver negotiated the sale on behalf of the seller.
Mindboggling Reveals: Skinny Waterfront Condo Tower ‘Elysee’ Coming to Edgewater
The Next Miami spotted a tweet by broker Kinga Konsorska of Cervera Real Estate revealing the first rendering of a new, skinny condo tower coming to Edgewater called Elysee. They dug up some additional info. The 57-story project will only have one or two units per floor, for a total of 100 units…
Development Update: Berenblum Busch Designing Nine Townhouses for The Roads
A set of nine ‘upscale’ townhouses designed by local Miami design firm Berenblum Busch Architecture is coming to the pocket of multifamily residential and apartment buildings around the Vizcaya Metrorail Station, according to the architects. The 2,500 square foot units will be three levels each…
Railroading: What if Tri-Rail Extended All the Way to Homestead?
This map, taken from the system map of the CSX Railway, shows the extent of the CSX-owned rail trackage south and west of Miami International Airport, which CSX is proposing to sell to the State of Florida to expand Tri-Rail. The dashed blue lines are those which CSX has access to under operating…
Groundbreakings: Rather Nice Neoclassical Building Coming to the Design District
A rather classy looking neoclassical retail building in the Design District, just north of all of the DACRA developments underway, broke ground today at 4136 N. Miami Avenue. Its developer, Manny Angelo Varas, says it will “feel like it’s been there for a hundred years,” with its shaded retail…
Comment (re extending Tri-Rail south) of the day: “Hrmm, there’s definitely potential here if…
“Hrmm, there’s definitely potential here if the Homestead stretch can be procured at a fair price. It would definitely help boost the attractiveness of South Dade / Miami tremendously. From a practical perspective, we’ll probably have low utilization for a long while (much like the existing Tri-Rail…
Swire Brings in Hong Kong Heavyweight
Swire Properties president calls her “invaluable” to the Brickell City Centre launch.