Condo Above Biscayne Boulevard Church Approved, May Be Built In Phases
An attorney for developer Fifteen Group said yesterday that a retail and condo project above a historic church at 1836 Biscayne Blvd may be built in phases. The developer won approval for both the project and historic designation of the property. Thanks to the historic designation, Fifteen Group can now sell Transferable Development Rights…
Miami Beach commission gives final OK for convention center hotel lease
The Miami Beach Commission gave Portman Holdings the final approval for the Miami Beach convention center hotel’s 99-year lease agreement on its second reading Wednesday. The lease agreement with the city encompasses the parking lot behind the Fillmore Theater, which is adjacent to the convention center. The hotel would have…
Shops at Downtown Doral confirms more retail, restaurants
More brands have lined up for the Shops at Downtown Doral, the retail and restaurant component of Codina Partners and Lennar Commercial’s 120-acre Downtown Doral development. The mixed-use project is expected to open with 70 brands across 180,000 square feet of retail and restaurant space, joined by 2,800 luxury…
Miami Design District building sold for $1,442 per square foot
Another property in the Miami Design District traded at a premium as a company led by Miami Beach investor Sam Herzberg paid $11.4 million for a 7,904-square-foot building. Washington, D.C.-based 3800 NE 2 Ave LLC, headed by ABC Imaging CEO Mehdi Falsafi, sold the two-story building to Herzberg’s 3800 Design District LLC.
Spinnaker Cove apartments near Hialeah sold for $17M
The Spinnaker Cove affordable apartment complex near Hialeah sold for $17.1 million. Affordable housing developer Stuart I. Meyers is a co-investor of both the buyer and seller. Park View Estates, a Hollywood-based company affiliated with Cornerstone Group with Meyers and Jorge Lopez as managers, sold the 220-unit…
Brickell City Centre Rebrands Office Component, Adds 130,000 SF Office Tower
To enhance Miami’s dwindling Class A office inventory, the project has added a second mid-rise office tower.
Uniforms Direct Leases 53,000 SF at Tower 101
Uniforms Direct has leased 52,683 square feet for its corporate headquarters in the Tower 101 office building at 101 NE 3rd Ave. in Fort Lauderdale, FL. The deal marks the largest office lease this year in the Downtown Fort Lauderdale submarket, according to JLL, which notes the downtown office…
Miamiana: What to Do With the Miami Science Museum’s Pan Am Globe?
With the impending move of the old Miami Science Museum into the brand new Frost Museum of Science, there are no plans yet to relocated the iconic and very historic Pan American Airlines Globe that is the highlight of the museum’s lobby and was once the centerpiece of Pan Am’s seaplane base on…
Courting Chinese real estate investors is a long term play, experts say
While the recent turmoil in the Chinese financial markets won’t deter Asian investors from buying real estate in the United States, the Miami market is still a couple of years away from seriously competing with…
Chetrit sells Hollywood apartments for $19M
A member of the Chetrit family just sold an apartment community in Hollywood for $19 million. The Royal Park Townhomes, a rental complex with 69 units, was sold by Hollywood Park Partners LLC in a deed filed Friday. Corporate records show the company is managed…
Cooper City apartment community sells for $55M
A development partnership just sold the newly built Jefferson at Monterra apartment community in Cooper City for $55.7 million. The community is part of Cooper City’s much larger Monterra housing development, which was built on 500 acres…
Miami Beach commission approves lease for convention center hotel
Miami Beach commissioners on Wednesday voted to approve a lease agreement and allocate future rent from a proposed convention center hotel to fund mass transit efforts on Miami Beach’s traffic clogged…
Future of transportation in Miami: panel
Activating dormant railroad lines, expanding Tri-Rail, making buses more efficient, encouraging the business community to lead. These were just some of the ideas and programs that were tossed around during a panel discussion on the future of transportation in Miami on Wednesday…
Former INS building razed for mixed-use hotel, apartments
Development of a new mixed-use hotel, apartment and retail project — replacing the former U.S. Immigration Naturalization Service building on Biscayne Boulevard — is underway, ADD Inc. announced on Tuesday. The Triton Center, at 7880 Biscayne Boulevard…
Mid-Miami Beach luxury condo gets green light
Marketing for the 4000 Alton Road luxury condominium project will soon commence, thanks to the approval of a series of design changes by a Miami Beach city board. Those design changes, which were unanimously approved by the Miami Beach Design Review Board on…
Starwood Capital pays $82M for Miramar business parks
The Metropolitan Life Insurance Co. has sold two Miramar business parks for a whopping $82 million, according to Broward County records. MetLife sold the two buildings, Miramar Center I and III, at 3401 and 3601 Southwest 160th Avenue, and two additional buildings…
Homestead Sees First Spec Industrial in Years
“We see the Miami industrial market ripe for new industrial and office space…”
Why Office Developers Are Eyeing Palm Beach
At 3.2 million square feet, Downtown West Palm Beach is the smallest of South Florida’s three central business districts. But it could see new office development first.
Stiles Promotes Jeff McDonough To Lead Multifamily Real Estate Division
Since joining Stiles in 2005, McDonough has been instrumental in several significant development projects and held roles of increasing responsibility.