5 new things about the American Dream Miami mega mall
Robert Gorlow, the head of Florida operations for Triple Five Group, revealed new details about the massive American Dream Miami mall and theme park project during a meeting with the South Florida Regional Planning Council on Wednesday. Gorlow has been working with the developer for two years to build what could be…
First new Faena condo tower completed in Miami Beach
The first of four planned oceanfront condo towers in the much-anticipated Faena ultra-luxury project stretching from 3200 to 3500 Collins Avenue in Miami Beach has been completed since this South Florida real estate cycle began in 2011. Transactions in the newly completed Faena House project — officially called the 3315 Tower…
No balconies on north side of historic structure in Shore Club project
The Miami Beach Historic Preservation Board on Tuesday rejected a request by New York-based HFZ Capital Group to add balconies to the northern side of a historic structure as part of its renovation of the Shore Club hotel at 1901 Collins Avenue. The Board received and rejected a similar request by HFZ in May, to add balconies to a renovated…
Historic Gables Property Trades
The new owners also have the opportunity to either monetize the transfer development rights from this historically significant property or potentially develop an additional floor.
CMC Group to Break Ground on Soaring Residential Tower After Receiving FAA Approval
Reaching 50 percent sold and receiving approval from the Federal Aviation Administration, the Brickell Flatiron Tower will break ground this fall. CMC Group expects to deliver the 549-unit, 730,000-square-foot condominium building in 2018. The asset is located in downtown Miami at 1001 S. Miami Avenue…
Aventura Industrial Center Owner Retains CRE Firm
Colliers International South Florida LLC has won the leasing assignment for the Aventura Industrial Center located at 555 NE 185th St. and 320 NE 187th St. in Miami, FL. The two industrial buildings total 302,825 square feet and were constructed in 2007. Both of the buildings are currently 100…
Dividend Capital DPF Pays $45.8M for Venture Corp Ctr
Dividend Capital Diversified Property Fund, Inc. purchased the Venture Corporate Center office park at 3440 Hollywood Blvd. and 200 – 300 S. Park Rd. in Hollywood, FL from MetLife Real Estate Investments, the holding company of Metropolitan Life Insurance Company, for $45.75 million, or about $180…
Wells Fargo Plaza Sold for $23.2M
IP Capital Partners LLC acquired the Wells Fargo Plaza office campus at 925 and 975 S. Federal Hwy in Boca Raton, FL for $23.16 million, or about $226 per square foot, from Real Estate Capital Partners. Built in 1990 and 2000, the two-phase project includes a seven-story, 88,509-square-foot…
Condo Tower Called ‘The Vine’ Proposed on NE 4th & 35th
A condo tower called The Vine and designed by Idea Architecture, the same architects as the Crimson, has been proposed for a site at 404 NE 35th Street, reports The Next Miami. That’s at the northern end of Edgewater, about two blocks south of the onramp to the Julia Tuttle on 36th Street…
Auberge is Now Icon Biscayne, and Huge, Apparently
According to The Next Miami, Auberge, the very large project the Related Group has been planning at 1400 Biscayne Boulevard and even began promoting a little bit, has been renamed Icon Biscayne. The three tower project will have over 1,400 units, more parking space than Disneyland (approximately)…
What Makes 26 Edgewater Different?
“This project is focused on attracting local young professionals and families.”
Multifamily Investment in U.S. Hits Record High Over Last Year
According to research from CBRE, investment in U.S. multifamily reached $127 billion for the year ending Q2 2015 – the highest four-quarter total in history and growth of 36% over the 12-month period. The total surpasses the mid-2000s peak of $100 billion achieved in the year ending Q2 2006. Investment in multifamily communities…
Why You Need to Know Stripey Development
GlobeSt.com’s Jennifer LeClaire caught up with Alejandro Goldemberg to learn more about Stripey and its latest development—26 Edgewater—in this interview.
Tenant Improvements Key to Attracting Tomorrow’s Millennial Workforce
According to a new report from JLL tracking national commercial construction trends, the Millennial generation is having a profound impact on the built environment under construction in 2015. Throughout 2015, tenant improvement (‘TI’) – or the renovation of existing space – has been a bright spot in the construction industry…
Boca Raton Shopping Center Fetches $80 Million
The center is known for having one of the nation’s most high-traffic Whole Foods Markets on its tenant roster.