Viceroy Residences Aventura Announced for 19790 W Dixie Highway
Viceroy Residences Aventura, a 274-unit branded residential development, has been announced as the first of its kind in Aventura. Developed by Related Group and BH Group in partnership with Viceroy, the project is designed by Arquitectonica with interiors by DesignAgency. Sales, exclusively represented by Cervera Real Estate, are set to launch later this month.
Related, BH launch sales for Viceroy Residences Aventura
Frequent development partners Related Group and BH Group are launching sales for Viceroy Residences Aventura, one of the city’s first planned condo towers in years. Related, led by Jorge Pérez and his sons Nick and Jon Paul, and Isaac and Liat Toledano’s BH are planning the 28-story, 274-unit tower for the site at 2999 Northeast 191st Street, according to a press release.
Trump Gets Approval For $3B Project In Doral
The Trump Organization has won approval for a $3b expansion of the resort they own in Doral, according to Bloomberg. The project will include five condo towers rising 20 stories each. It would have 1,498 residential units along with 141,694 square feet of commercial space and 3,522 parking spaces. In this post find a rendering as well as a map of the location of the proposed development.
Trump Just Got Final City Approval for His $3 Billion Doral Condo Project
City officials have officially greenlit president-elect Donald Trump’s luxury condo project at Trump National Doral. In a 4-0 vote on Wednesday, the Doral City Council approved the Trump Organization’s plans to build five 20-story condo towers at the Trump National Doral resort, a sprawling 600-acre Miami area property that sits just around the corner from downtown…
Trump scores final approval for 1,500 condos at Trump National Doral
Doral City Council members voted unanimously in favor of the Trump Organization’s plan to develop up to 1,500 luxury condos on the Trump National Doral Miami property. The council passed a site plan, rezoning and development agreement for the phased project on Wednesday evening. The second reading vote came five months after the council granted initial approval.
Mystery logistics firm adding 525 jobs in line for county cash
An unidentified transportation and logistics company whose description matches Ryder Systems Inc. is poised to get $7.5 million in incentives to create a $450 million headquarters in unincorporated Miami-Dade County and add 525 more workers over seven years. The company already employs 1,100 in Miami-Dade, according to the application submitted by the Beacon…
Vertical Developments launches Fendi Casa-branded Aventura condo project
Vertical Developments is launching a Fendi Casa-branded luxury waterfront condo project in Aventura. The developer, led by partner and CEO Fernando de Nuñez y Lugones, is planning the 16-story, 22-unit Avenia Interiors by Fendi Casa project for 20605 Northeast 34th Avenue, according to a press release. The announcement follows Vertical’s sales launches…
Miami-Dade pays $17M for industrial sites to use as staging for MIA improvements, expansion
Miami-Dade County bought a 3.4-acre industrial site for $17 million that it plans to use as staging for improvements and expansion of the nearby international airport. The county purchased the three lots at 3901 and 3975 Northwest 25th Street, as well as 3900 Northwest 26th Street in unincorporated Miami-Dade, from San Francisco-based Prologis, according to records and real estate…
Miami Beach looks to diversify as a business hub
Miami Beach propels its economy as it continues to provide incentives for businesses, welcome high-level events to the city and maintain a safe environment for both visitors and residents. “One of our goals is to diversify our economy,” said Mayor Steven Meiner, “and there’s been a lot of interest from the tech and finance industries to start up here, relocate here in Miami Beach…
Miami’s Industrial Property Sector Shows Resilience Amid Market Changes
Sometimes the obvious fundamentals don’t always tell the story. For example, JLL’s fourth quarter market report on Miami Dade County analyzing the area’s industrial sector showed that net absorption turned negative at -483,906 square feet for the last three months of 2024. Add that to the vacancy rate ticking up 110 basis points to five percent and deliveries totaling over seven…
Adam Neumann’s Flow lands El Portal dev site with $71M winning auction offer
Adam Neumann’s Flow won an El Portal development site with a $70.5 million offer that beat out Melo Group, The Real Deal has learned. Miami-Dade Circuit Court Judge Thomas Rebull on Tuesday approved the sale of a 16-acre former trailer park at 8500 Biscayne Boulevard to an affiliate of Miami-based Flow. The expansive property landed in court receivership as a result…
Robert Rivani’s Black Lion slims portfolio, sells Catch restaurant for $28M
Robert Rivani’s Black Lion sold one of its signature commercial condo units, a building leased to Catch restaurant in Miami Beach’s South of Fifth neighborhood, for $28 million. The deal marks a nearly $17 million gain from its purchase price two years ago when Miami-based Black Lion paid $11.5 million for the two-story building at 200 South Pointe Drive, It is part of the Continuum…
A joint venture between Mast Capital and a controlled affiliate of Starwood Capital Group has secured $390 million in construction financing for The Perigon Miami Beach, a 73-unit condominium development located at 5333 Collins Ave. in Miami Beach. Eldridge Real Estate Credit, a Greenwich, Conn.-based asset manager and holding company, provided the loan.
Mast, Starwood score $390M construction loan for Miami Beach condo project
Mast Capital and Starwood Capital Group secured construction financing for their oceanfront luxury condo project in Miami Beach. The joint venture closed on a $390 million loan from Eldridge Real Estate Credit for the Perigon, according to a press release. Eldridge Real Estate Credit is Cain International’s real estate credit arm that’s merging under billionaire Todd Boehly’s…
New Renderings Unveil Amenities for 57-Story Edge House Miami in Edgewater
Edge House Miami, a 57-story condominium developed by Peru-based Grupo T&C, has revealed new renderings highlighting its luxury amenities and shared spaces. Designed by Kobi Karp, the project is located at 1825 NE 4th Avenue in Miami’s Edgewater neighborhood and introduces a fresh concept of home-sharing in one of the city’s most desirable locales.
Neology Development Receives $84.5M Loan for Julia Apartments in Miami
Neology Development Group has received an $84.5 million loan for The Julia Residences, a 14-story apartment tower that recently delivered in Miami’s Allapattah neighborhood. Affiliates of Apollo provided the permanent loan. The borrower obtained its TCO for the development last May and stabilized the community at 97 percent occupancy by October.
Developer Secures $84.5M Loan for The Julia Residences in Allapattah
Neology Development Group has closed an $84.5 million loan from affiliates of Apollo for The Julia Residences, a recently completed residential tower in Miami’s Allapattah neighborhood. The 14-story building, located at 1625 NW 20th Street, achieved a Temporary Certificate of Occupancy (TCO) in May 2024 and reached lease-up stabilization in just five months…
Lissette Calderon racks up another refi, scores $85M mortgage for Allapattah project
For the second time in less than a month, a Lissette Calderon Allapattah project scored a refinancing. An affiliate of New York-based Apollo Asset Management provided $84.5 million in financing to Calderon’s Coconut Grove-based Neology Development Group, a press release states. The new mortgage replaces a $78.2 million construction loan for The Julia Residences…
First & Fifth Tower Receives Unanimous Approval from Miami’s Urban Development Review Board
Oak Row Equities has secured unanimous approval from Miami’s Urban Development Review Board (UDRB) for First & Fifth, a luxury multifamily tower designed by ODP Architecture & Design. Set to rise at 49 NW 5th Street in Downtown Miami, the project will span over 700,000 square feet and include more than 500 residential units. Located directly across…
Oak Row Equities scored approval for a 526-unit apartment tower in downtown Miami, after failing last year to impress a city board with the building’s design. The Miami Urban Development Review Board voted in favor of the 45-story First & Fifth project with a five-story podium with retail and 135 parking spaces at 49 Northwest Fifth Street and 50 Northwest Sixth Street…
River Oaks Properties Acquires 200 South Pointe Drive in Miami Beach for $28,200,000
River Oaks Properties has completed the acquisition of 200 South Pointe Drive in Miami Beach for $28,200,000. Located in the most exclusive neighborhood of Miami Beach, the South of Fifth enclave is also home to world famous restaurant and hospitality venues including Carbone, Joe’s Stone Crab and the highly anticipated redevelopment of Nikki Beach.
‘Via Veneto’ to Start Construction This Spring at 915 Palermo Ave in Coral Gables
The Calta Group intends to start construction on a luxury townhome development this spring. The Coral Gables-based developer recently secured a $30 million construction loan for “Via Veneto”, which upon completion will offer 10 three-story residences. Each home will feature four bedrooms and span 5,500 square feet, with in-unit amenities featuring deep soaking tubs…
The Pérez family’s Related Group proposes a 398-unit Live Local Act project to take the place of the Claude Pepper age-restricted public housing building in Miami’s Health District. Related Urban Development Group, Related’s affordable housing arm, wants to build a 14-story building with all units at below-market rate rents at 750 Northwest 18th Terrace in Miami, according…
Codina Partners scored a $124 million refinancing for a pair of Downtown Doral apartment towers, using part of the capital to buy out Invesco’s stake in one of the buildings. Coral Gables-based Codina… The entire loan package is for the 19-story, 231-unit Palma Tower One at 5250 Northwest 84th Avenue, as well as the 20-story, 228-unit… at 5225 Northwest 85th Avenue in Doral.
$9.7M Sale of Doral Shops & Professional Center Arranged
Marcus & Millichap has arranged the $9.7 million sale of Doral Shops & Professional Center, a retail center located in the western Miami suburb of Doral. Scott Sandelin and Edward Romo of Marcus & Millichap represented the seller and procured the buyer in the deal. Situated at 3655 NW 107th Avenue, the multi-tenant property spans 15,314 square feet. Nine tenants are operating…
Okan Tower Construction Reaches 12th Floor in Downtown Miami
The 902-foot Okan Tower in Downtown Miami has reached a key construction milestone, with work progressing to the 12th floor following the completion of its expansive 290,000-square-foot parking podium. This 70-story supertall tower, designed by Behar Font & Partners, is set to become one of the tallest buildings in the region when it tops off. The mixed-use development…
Groundbreaking Ceremony Today for Flagler Villas, Offering Housing for Low-Income Seniors
The City of Miami and Related Urban, the affordable housing division of Related Group, are breaking ground today on Flagler Villas, a six-story affordable housing development for low-income seniors. Located at 5215 West Flagler Street, adjacent to Henry M. Flagler Elementary School, the project will deliver 60 one-bedroom apartments designated for residents earning at or below…
Downtown Miami Signature Bridge On Track For Completion In Late 2027
Florida’s Department of Transportation says it is still targeting a late 2027 completion for Downtown Miami’s Signature Bridge, according to Local10. The project cost is also still estimated at $840 million. The construction contract for the project initially began in October 2018, with a four-year deadline to the contractor for completion and a budget of $802 million.
Okan Tower Reaches 12th Floor, 60% Sold
Developer Okan Group says it has reached two milestones at the under-construction Okan Tower. Sales have surpassed the halfway mark and are now at 60%, and construction has advanced to the 12th floor following the completion of a massive 290,000-square-foot parking podium. “We are thrilled to see Okan Tower’s incredible momentum as it takes shape,” says developer…
Developer: Retail Shops At Newly Completed $400M Overtown Complex Packed
Retail shops at Overtown’s new $400M Block 55 complex are filled with customers, developer Michael Swerdlow told the SFBJ. The Target store that anchors the complex is “full” and “packed” with customers, he said, while the Aldi supermarket there is also “packed all the time.” The 1.5- million square foot Block 55 opened last year, with the retail space fully leased. It includes…
Investment firm Alden Global Capital’s real estate division allegedly tried to shortchange a former property manager and investor in his payout for South Florida hotels and warehouses, as well as a larger nationwide portfolio, according to a recently filed lawsuit. Joseph Miller, who managed the portfolio and held equity in it, sued Alden’s Stamford, Connecticut-based real estate…
Lease roundup: Pura Vida Miami opens new outposts, Big 4 ad agency moves to Coral Gables
Pura Vida Miami, the café known for its health-conscious menu that includes smoothies and açaí bowls, opened new outposts in Miami Beach and Fort Lauderdale. The restaurant leased 2,200 square feet at 1601 Collins Avenue, according to the tenant’s news release. The building is the Loews Miami Beach Hotel, which is owned by New York-based Loews Corporation.
Map: Here is Broward County’s condo development pipeline
South Florida’s condo developers want to build, baby, build — in Broward County. Long overshadowed by Miami-Dade and Palm Beach counties, its more expensive neighbors to the north and south, it seems Broward is getting its moment in the sun. In the wake of South Florida’s pandemic real estate boom, developers have snapped up project sites and are betting big…
Condra sues city of Hollywood over denial of Live Local project
The developer of a planned mixed-use project in Hollywood Beach is alleging the city illegally denied its Live Local Act application, according to a lawsuit filed this week. The complaint marks another example of local governments clashing with developers over the state’s new workforce housing legislation, signed into law by Gov. Ron DeSantis in 2023 and amended last year.
Billionaire Bill Malhotra’s Claridge Homes launches sales for luxury condos in Pompano Beach
Billionaire developer Bill Malhotra is launching sales for Ocean580, a luxury oceanfront condo project in Pompano Beach. Malhotra’s Ottawa, Ontario-based Claridge Homes is planning the 10-story, 17-unit development for the 0.9-acre site at 580 Briny Avenue, according to a press release. Malhotra, who has a net worth of $2 billion, according to Forbes, is also building 3000 Waterside…
Developer Alters Plans for Second Phase of Camino Square at 171 W Camino Real in Boca Raton
In August 2022, Florida YIMBY reported on Camino Square, a mixed-use venture in Boca Raton. Now, developer FCI Residential is moving forward with its second phase––but with different plans than what were initially approved. According to the South Florida Business Journal, the developer originally secured approval for 37,000 square feet of retail.
An affiliate of Penn-Florida Companies filed bankruptcy on its 101 Via Mizner apartment building in Boca Raton, warding off a foreclosure auction over a $145 million loan. Via Mizner Owner I, the entity Penn-Florida uses for the 14-story, 366-unit building at 101 East Camino Real, is pursuing Chapter 11 reorganization. It listed $100 million to $500 million in assets and liabilities…
‘Boca Village’ Gets Clearances from City Officials, Slated for 680 W. Yamato Road
Boca Village, a mixed-use project offering both residences and retail, is one step closer to becoming a reality, thanks to the security of two ordinances and five resolutions. The Boca Raton Tribune notes that the approvals pertained to construction details and rezoning measures. Florida YIMBY covered Boca Village when it was initially proposed in December 2023.
Developers Seek Approval for ‘Alba Reserve’ at 4720 N Flagler Drive in West Palm Beach
Last November, Florida YIMBY reported on Alba Palm Beach, a 22-story condo slated for a spring 2026 completion. Now, we’ve learned that two developers want to proceed with another high-rise condo right next door. 4700 N. Flagler LLC, a partnership between BGI Cos. and Blue Road Group, hopes to get approval for Alba Reserve, a 31-story tower featuring 87 residences.
AEW scoops up 424-unit senior living complex in Wellington for $100M
AEW Capital Management bought a 424-unit senior living rental complex in Wellington for $100.1 million, marking this year’s first major commercial real estate deal in South Florida. The firm bought Wellington Bay at 2590 Wellington Bay Drive from Ares Management, according to records and real estate database Vizzda. The selling entity also ties to Tampa-based ZRS…
Video: Trepp’s Lonnie Hendry Provides Loan Delinquency Update & Forecast for 2025
In a recent episode of America’s Commercial Real Estate Show, the show host and guest Lonnie Hendry, Chief Product Officer at Trepp, delved into pressing topics shaping the commercial real estate (CRE) landscape. The discussion, centered around distressed properties, the state of debt markets, and office sector challenges, painted a comprehensive picture of current…
Capital Ideas: Trump’s Gift to the Office Market
It was raining executive orders on President Donald Trump’s first day in office. It remains to be seen just how much many of these—like exiting the Paris Agreement, freezing pending regulations and creating an agency to collect tariffs—will impact commercial real estate investment and finance. There is one directive from our returning leader, however, that should have…
Apartment Rent Growth Expectations at the Market Level for 2025
While apartment rent growth is expected to pick up in the coming year – while still trailing previous decade norms under the weight of new supply – market-level expectations vary based on many factors. Generally speaking, rent growth expectations in 2025 at a market-level can be split into a few categories. Markets Expected to Outpace the U.S. Average in 2025: 1. Markets…