Inter Miami’s New Soccer Stadium Now Taking Shape
Inter Miami’s new stadium at Miami Freedom Park is now rising, a new photo shows. The 25,000 seat stadium is being built as part of a 130-acre development next to Miami International Airport. In addition to the stadium, the development will eventually have around 600,000 square feet of retail and restaurant space, and 750 hotel rooms. An 8-story 382,592-square-foot…
Updated Plans Filed for The HueHub, a 4,032-Unit Live Local Development in West Little River
Newly revised plans have been submitted for The HueHub, also known as Holland Park, a large-scale Live Local Act development at 8400 NW 25th Avenue in Miami-Dade County’s West Little River neighborhood. Designed by Arquitectonica and developed by 27th Ave Hollandpark Ecoresidences LLC, led by developer Pablo Castro, the mixed-use project continues to progress…
Brickell’s House Of Wellness Submitted For Site Plan Review
Plans to build a Brickell tower called House Of Wellness have been submitted to the county for site plan review. House Of Wellness was also submitted for zoning review on February 24 The site plan filing was submitted on March 4. Plans call for a tower rising approximately 47 stories, or 481 feet. A modern hotel with 832 lodging units will be housed within the tower.
South Florida pushed to make tech a core part of its economy. This didn’t yield new office tenants
In 2022, Dara Ladjevardian co-founded artificial intelligence digital clone firm Delphi in Miami, joining a wave of tech entrepreneurs moving to the city. “Miami was an incredible launchpad for Delphi — vibrant energy, a melting pot of cultures and a growing tech scene,” Ladjevardian’s digital clone (don’t ask) told The Real Deal. From late 2020 through 2022, venture capitalists…
Miami Dade’s 2025 Courthouse & 1928 Courthouse
A photo shows Miami-Dade’s new and old courthouses. The new courthouse is replacing the older one across the street. The older Dade County Courthouse was completed in 1928 and became the tallest building south of Baltimore. It was also the tallest municipal building in the United States. GFO Acquisitions LLC, which is a subsidiary of GFO Investments, has reportedly…
Construction Permit For Midtown 7 In Process
The construction permit to build the Midtown 7 building planned in Midtown Miami is now in review again. Construction permits typically require multiple review cycles before they can be approved. This is the fourth cycle of review for the permit. The process began in July 2023, and the last review cycle was completed in January. The building was submitted for UDRB review…
Miami Congressional District Among Top Income Tax Contributors
The congressional district that includes Miami is among the top contributors of federal income tax in the country. The analysis by Bloomberg looked at IRS data from 2022. The districts that paid the most in federal income tax that year were: New York’s 12th congressional district (NYC) – $27.3B California’s 18th congressional district (Silicon Valley area) – $27B…
Keyah Real Estate Group has unveiled plans for a 262-key boutique hotel, which includes renovating the historic Haddon Hall Hotel at 1500 Collins Avenue and constructing a new building at 1509-1515 Washington Avenue. The project has secured approvals from both the City of Miami Beach Planning Board and, most recently, the Historic Preservation Board, allowing it to move forward.
Lefferts Delivers 206-Unit Miami Beach Condo Tower
Lefferts has completed 72 Park, its 206-unit luxury condominium tower totaling 501,788 square feet in Miami Beach, Fla. The 22-story is now 90 percent sold, with Cervera Real Estate in charge of sales and marketing. The property is Lefferts’ first new luxury development that allows short-term rentals opportunities, as well as the company’s first of four developments to reach…
Miami Worldcenter name may get ride on Metromover station
The Park West Metromover Station could be renamed this week for the nearby Miami Worldcenter development without the county receiving naming rights payments or repayment of its costs in making the name change. The resolution by Commission Keon Hardemon to permanently name the 800 NE Second Ave. site the Miami Worldcenter Metromover Station comes…
Park West Metromover Station Proposed To Be Renamed
Miami-Dade could soon rename the Park West Metromover station. The new name of the station is proposed to be the Miami Worldcenter Metromover Station. A memo from county staff notes that Worldcenter is a massive development spanning multiple blocks and a mix of uses. Renaming the Park West Metromover Station as the Miami Worldcenter Metromover Station…
Shovels in the ground for city building in Miami Freedom Park
Miami’s new government headquarters is finally taking shape, with site work underway for a state-of-the-art administration building next to Miami Freedom Park that will provide the city’s first custom-designed offices and a modern hub for municipal operations. Groundbreaking Jan. 15 marked the start of a long-anticipated project to relocate the city’s administrative offices that…
History for Sale: Will historic Miami Shores church be acquired by a development company?
Miami Shores Community Church is a landmark. For decades, the bells of the oldest Christian meeting place in the village provided a musical soundtrack. The golden-hued bell tower was lit up, a beacon visible from far away. And it’s historic. In 1949, its white minister, Donald Douds, invited a Black colleague, the Rev. Edward T. Graham, to preach at the church for “Brotherhood Week.”
First Glass Installed At 41-Story Complex In Edgewater
Edgewater’s under-construction 2600 Biscayne tower has had its first glass installed as it continues to rise. The massive mixed-use development takes up a fully city block, one block away from a planned Northeast Corridor rail stop. The tower is planned to reach a height of 521 feet upon completion. It is planned to include 399 luxury apartments, 187,000 square feet of office…
75-Story Baccarat Residences Is Rising In Brickell
Brickell’s 75-story Baccarat Residences tower is continuing to rise, a new photo shows. Baccarat is approved to rise to a height of 848 feet above ground, which is taller than any existing building in Brickell other than Panorama Tower. A foundation pour took place in August The development will include 324 tower residences, 8 penthouses and 28 riverfront flats and duplexes.
12-Story Office Planned In Wynwood
Wynwood’s Design Review Committee is scheduled to have a hearing on a new office proposal next week. The 12-story project is named 161 Office. 161 Office is planned to include 45,666 square feet of office area, with an amenity floor. There will also be 25 parking spaces. Deforma Studio is the architect, with Lombardi Properties the developer. To see the full plans…
Doug Levine cashes out of another Wynwood project, sells office condos for $24M
Crunch Fitness founder Doug Levine is burning more weight off his commercial portfolio in Miami’s Wynwood neighborhood, selling office condos for $23.5 million. Levine, who leads Miami Beach-based Big Move Properties, sold the fully leased upper two floors of the three-story Wynwood Sky Office Building at 1900 Northeast Miami Court, Devlin Marinofff with Dwntwn…
Construction Commences on ‘The Current at City Center’ at 20505 S. Dixie Highway in Cutler Bay
Construction has started on part of a $1.5 billion redevelopment project that will transform Cutler Bay’s Southland Mall into Southplace City Center, a mixed-use venture that will feature residences, shopping, and communal gathering areas. Here’s what’s in store. The Current at City Center, located in Cutler Bay, will offer 350 residences; communal amenities will include a dog park…
JV Breaks Ground on $1.5B Miami Redevelopment in Cutler Bay
Joint venture partners American Landmark and BH Group have commenced construction on The Current at City Center in the southern Miami-Dade town of Cutler Bay, Fla. The development represents the initial step in a $1.5 billion redevelopment that, over the next seven years, will transform Southland Mall into Southplace City Center. Poised to redefine Cutler Bay’s…
Developer Signs Deal For 872 New Apartments in Edgewater After Strong Leasing
Another 872 apartments are planned to be connected to the water and sewer system in Miami, according to a newly completed utilities agreement. The agreement comes a few months after strong leasing was reported for the first of three towers planned at the development, known as Edgewater Collective. The first tower has 420 apartments in 36 stories. A grand opening…
Demolition Permit Activity At One Brickell City Centre Site
A total demolition permit for a building at the One Brickell City Centre site is back in review as of this morning. There’s now just one correction left to be made before the permit can be approved. There also appears to already be preparation for demolition underway at the building. Once the building is demolished, the One Brickell City Centre site will have been fully cleared.
Related scores funding from city of Miami for 98-unit affordable housing project in Flagami
Jorge Pérez’s Related Group scored an up to $5.7 million loan from the city of Miami for a 98-unit affordable housing project for senior residents in the Flagami neighborhood. On Thursday, Miami commissioners voted to award the funds from the Miami Forever Bond program for pre-development and construction costs for the second phase of Flagler Villas at 5350 West Flagler Street.
YouTuber Explores Why Many Americans Are Moving To Miami
A YouTuber with millions of subscribers has released a video documenting the migration of Americans to Miami. Peter Santenello’s latest video is titled: Inside Wealthy Miami – Why Are So Many Americans Moving Here? It features some of Miami’s thriving and fast developing neighborhoods, such as Edgewater and Brickell.
Groundbreaking Held for Fifth Street Pedestrian Bridge in Miami Beach
Construction has officially begun on the Fifth Street Pedestrian Bridge, a colorful, elevated walkway designed by French conceptual artist Daniel Buren to enhance pedestrian and bicycle connectivity in Miami Beach. The City of Miami Beach, in collaboration with developers Terra and GFO Investments, held a groundbreaking ceremony at 500 Alton Road to commemorate the milestone….
Hialeah Officials Approve Eight-Story Project for 552 East 26th Street
Hialeah city officials have greenlit a mixed-use project that would offer both retail and residences. The venture, which would occupy 5.6 acres, would measure eight stories above grade and feature 559 apartments. Five percent of those homes (about 28) would be reserved under the Hialeah Heroes Program, an initiative that aims to provide workforce housing for firefighters…
Electrical Permit Applied For At Brickell’s Santander Tower Site
A permit for temporary electrical power during construction has been applied for at Brickell’s Santander Tower site. The electrical permit application was submitted February 14 and is in prescreening. Santander is building a “landmark” 1.6 million square foot development on the property. The new 765-foot tower is being designed by Handel Architects and Bernardi & Peschard…
New Lighting System At 816-Foot Aston Martin Tower ~ Insta
A video by Due Italiani a Miami shows that a colorful lighting system has now been turned on at the recently completed Aston Martin Residences. Aston Martin Residences opened in April, becoming the second tallest building in Miami and all of Florida. The 66-story tower rises 816 feet. It includes 391 luxury condos. View this post on Instagram A post shared by Due Italiani…
Groundbreaking Ceremony Held For The Rider Residences
A groundbreaking ceremony took place for The Rider Residences across from Midtown Miami. The developer told the SFBJ that the condo units are about 30% sold. The Rider will rise 12 stories, and include 146 condos. Units will be delivered furnished, without rental restrictions. Rilea Group and Cipres are the developers.
Nightingale’s lender takes over Miami Beach building tied to Elie Schwartz scandal
A lender for Nightingale Properties is the new owner of a Miami Beach building that played a leading role in the downfall of Nightingale CEO Elie Schwartz. But Granite Point Mortgage Trust will likely draw buyers seeking a price discount for Lincoln Place, a distressed mixed-use project at 1601 Washington Avenue, brokers say. In a ground lease in lieu of foreclosure deal…
Surfside Approves Plans for Champlain Memorial
Almost four years after the tragic collapse of Surfside’s Champlain Towers South in 2021, the town commission has approved a final conceptual design plan for a memorial to honor the victims and their families. The memorial will be located at the end of 88th Street and Collins Avenue and across from the site of the collapse. After three conceptual designs that were…
Fraud accusations fly in Miami waterfront dev site foreclosure suit
A lender is accusing a Marlon Gomez joint venture of engaging in fraud to obtain a $10 million loan. An affiliate of Coral Gables-based The Fiorentino Family Office filed a foreclosure complaint last week Gomez, who leads Miami-based Gomez Development, two of his entities, Coral Gables-based Gumbo Limbo Holdings and its principals Fausto Callava and Antonio Pardo…
Chef Michelle Bernstein and restaurateur David Martinez opened a new restaurant in Kendall. La Cañita leased 5,400 square feet at 8405 Mills Drive at the Palms at Town & Country Plaza in unincorporated Miami-Dade County, according to the tenant’s news release. The space seats about 180 guests. Jason Sims of Serhant represented the tenant. Maggie Reyes of The Shopping Center…
David Beckham, partners in $1B Miami Freedom Park allegedly owe $590K in pre-construction services
Development of the $1 billion Miami Freedom Park is off to a rough start with a contractor alleging its owners haven’t paid a past due six-figure bill. Indianapolis-based Hunt Construction Group, led by CEO Robert Hunt, sued Coral Gables-based Miami Freedom Park LLC in Miami-Dade Circuit Court last month for allegedly skipping out on three invoices totaling…
Foreclosure woes worsen for Raoul Thomas’ CGI Merchant Group
Investor Raoul Thomas is having a hard time stemming the collapse of his commercial real estate portfolio. Recently, Thomas’ CGI Merchant Group lost its Coconut Grove headquarters at a foreclosure auction, and is now one step closer to losing 65 commercial units at a Coral Gables mixed-use building. Before the latest blows, CGI Merchant lost a Gabriel-branded…
Lincoln Property JV Buys Weston Food Distribution Facility for $44M
The cross-dock facility at 1600 N. Park Drive features 25-foot clear heights and ample vehicle and trailer parking spaces. Image courtesy of Lincoln Property Co. Lincoln Property Co., in joint venture with Walton Street Capital, has purchased a 226,392-square-foot distribution center for $43.8 million in Weston, Fla. The buyer assumed a $41.8 million loan and increased it to…
Developer Proposes ‘Blue Park’ for Hallandale Beach
Four parcels comprising 1.47 acres could soon be transformed into a multi-family housing development in Hallandale Beach. 221 Developers LLC has proposed an eight-story building that would comprise 274,000 square feet of new construction. Plans for “Blue Park” call for 185 homes; layout plans span studio to two-bedroom units, along with eight ground-floor…
White Oak Development scored a $67 million construction loan for a 286-unit apartment project in Davie. Coral Springs-based White Oak and Los Angeles-based Ares Management plan a pair of four-story buildings and a four-story garage with about 480 spaces at 4181 and 4233 Davie Road, according to city records. Last week, an entity tied to White Oak bought the 4.1-acre site…
Joint Venture Finalizes Major Office Transaction at 401 East Las Olas Boulevard
A joint venture comprised of Lone Star Funds, Highline Real Estate Capital, and Square2 Capital has acquired 401 East Las Olas Boulevard—also known as Bank of America Plaza at Las Olas City Centre—in what is considered Fort Lauderdale’s largest office transaction of the past ten years. The 23-story, 410,561-square-foot Class AA tower sits on a full city block in the heart of the Las Olas…
Integritas Capital proposes a 57-story tower with apartments and a hotel in Fort Lauderdale, as investment and development intensifies in the city. The New York-based firm filed a site plan for 550 apartments and a 253-key branded hotel at the tower’s podium at 111 Southwest Third Avenue, said Stephen Palmese, who leads Integritas. Brooklyn-based Heights Advisors…
Regency launches sales of luxury townhouses in Fort Lauderdale’s Victoria Park
Regency Development Group is launching another residential project in South Florida. The Miami-based firm kicked off sales for Regency Park, a 24-unit townhouse development planned for the assemblage at 809 Northeast 16th Avenue in Fort Lauderdale, said Michael Troyanovsky, a managing partner at Regency Development Group. The site runs along 16th Avenue…
Industrial vs yachts: Boat storage owner plans to replace Dania Beach marina with spec warehouses
The owner of a boat storage facility in Dania Beach plans to replace the property’s marina with two spec warehouses. Banyan Bay Marine Center won site plan approval Tuesday for the development of two warehouses with a total of about 170,000 square feet, in place of the marina. “The site hasn’t gone out to market yet to potential tenants,” Tracy Slavens…
FCP buys 400-unit Sunrise apartment complex for $90M, amid slow investment sales so far this year
FCP bought a 400-unit apartment complex in Sunrise for $90 million. Chevy Chase, Maryland-based FCP bought the Arium Sunrise complex at 1501 Northwest 124th Terrace from Los Angeles-based PCCP and Newton, Massachusetts-based RMR Group, according to records and real estate database Vizzda. The deal breaks down to $225,000 per unit.
Vertical Construction Underway for Apex Logistics Park at Delray in Palm Beach County
Vertical construction is now underway for Apex Logistics Park at Delray, a 200,000-square-foot Class A logistics development in Delray Beach, Florida. The project, led by Altman Logistics Properties in partnership with PCCP, marks the first phase of a larger industrial complex that could eventually total up to 672,000 square feet across three buildings.
Lotis nabs another construction loan for Wellington mixed-use project
Lotis Group landed a $28.2 million construction loan for a Wellington mixed-use project. Amerant Bank provided the financing for the commercial portion of The Square & Residences at Lotis Wellington, which will consist of 60,000 square feet of medical offices and 61,400 square feet of retail space, including restaurant outparcels, a press release states. Sean Harrington…
Developer Proposes High-Rise Residential Tower for 3930 North Ocean Drive in Riviera Beach
HHC Singer Island LLC has proposed a high-rise luxury tower on an oceanfront property in Palm Beach County. The 20-story development calls for approximately 188,950 square feet of new construction and would offer 52 condos. At the time of publication, our sources did not reveal measurements or layouts. The complex would offer 121 parking spots (2.33 per residence), along…
EB-5 investor program may expand as Gold Card visas eyed
With its shift to come under the Secretary of Commerce, the EB-5 Immigrant Investor Program could potentially expand and have more visas made available to attract foreign investment. By bringing it to the attention of the commerce department, the intended result is to see the program expanded and more visas made available – something that has long been desired by industry…
25% Tariffs On Mexico And Canada Begin, Adding Uncertainty To CRE Outlook
https://www.bisnow.com/national/news/commercial-real-estate/trump-to-implement-25-tariffs-on-mexico-canada-128313 President Donald Trump imposed 25% tariffs on Canada and Mexico starting Tuesday, ruling out an eleventh-hour deal to avoid penalties on some of the country’s top trading partners — a measure that will reverberate through commercial real estate.
Commercial Lenders Sharpen Their Pencils
Sometimes, you just know when it’s time. For all the number crunching, quantitative analysis and formulaic modeling that their job demands, commercial real estate lenders are harnessing the qualitative and intangible factors as they prepare to boost deal volume in 2025. Vibe, sentiment, intuition — call it what you want, but there’s an emerging sense within the commercial…
Strong Job Gains Meets High Apartment Supply Across Florida
Job growth has been significant across the state of Florida in the current cycle, which would typically lead to solid apartment occupancy and rent growth. But apartment performance in the Sunshine State has been subdued by staggering new supply volumes. Florida added 950,000 jobs in the 2020–2024-time frame, according to data from the Bureau of Labor Statistics.
Florida Rep. Vicki Lopez filed two housing bills that would ease the development of Live Local Act and other affordable housing projects. Lopez, a Miami Republican whose district includes Key Biscayne, is sponsoring House Bill 943, called Real Property and Land Use Development, and House Bill 923. The legislative session started on Tuesday, and both bills were read…
The Yellow Brick Road to Opportunity Zones
If you’re an investor and don’t know what an Opportunity Zone (OZ) is, you should. This legislation has been in place since 2017 and aims to increase investment in disadvantaged areas across the United States. As of 2022, the program has attracted over $100 billion in capital. While the current legislation has successfully attracted capital, it has specific deadlines. As we approach those…
Industrial Property Rents Start The Year Strong
Rents for industrial space were up nationwide to start the year while U.S. manufacturing has been expanding, according to CommercialEdge. Rents averaged $8.35 per square foot across the U.S. in January, up 6.8% compared to a year earlier, reported CommercialEdge, a division of Yardi. Industrial rents vary tremendously by region, with several cities…