Coral Gables to consider $172 million mixed-use project near University of Miami
The $172 million Paseo de la Riviera project hopes to introduce a new hotel, an apartment building and commercial space across the street from the University of Miami in Coral Gables. The project by NP International will seek approval before the Coral Gables Planning and Zoning Board on Sept. 16. The developer has the 53-year-old…
Developer plans 12-story apartment building in Coral Gables
A local builder wants to redevelop a site in Coral Gables into a 12-story apartment project called Villa Valencia. Valencia 34 Development, an affiliate of Coconut Grove-based TM Residential led by Matthew Pellar, filed the zoning application with the city on Sept. 2. It calls for 103 luxury apartments on the one-care site at 501, 515…
PortMiami makes way for larger ships, more cruisers
The cruise capital of the world isn’t about to let another city steal its title. Juan Kuryla, director of PortMiami, told the Business Journal that its newly announced deal to build a new terminal with Miami-based Royal Caribbean Cruises Ltd. is just one of many plans in the works that will invite more cruisers and cargo to the port.
Regency Manor Apartments in Miami sell for $17.5M
A publicly traded company sold the Regency Manor Apartments just east of Miami International Airport for $17.5 million. Regency Manor Florida Owner, an affiliate of Philadelphia-based RAIT Financial Trust (NYSE: RAS), sold the 148-unit complex at 1102 N.W. 43rd Ave. to Regency Manor Residences. The buyer, a Miami-based…
The Deep Dredge completion countdown begins
PortMiami will be big ship ready as of Sept. 18, becoming a viable option for trade and commerce from the Southeastern United States to reach markets worldwide. The Port will be the only major global logistics hub south of Virginia capable of handling bigger post-Panamax vessels.
Tallest Residential Tower South of Manhattan Commences Construction in Miami
One day residents of Miami’s Brickell Flatiron tower will awake each morning for cardio in the clouds and swimming above the sunrise. In a move that will create added value for the residents of Brickell Flatiron’s 549 units, developer CMC Group has opened the 64-story tower’s rooftop up to the entire building with the creation of a Sky Spa…
Mekka Demolition Almost Complete at Miami Worldcenter Site
Demolition of the former Mekka nightclub at the future Miami Worldcenter site has almost completed two weeks after it began, with demo moving forward at the nearby Will Call bar, according to photos taken today by photog Phillip Pessar. Mekka was a pretty happening place right up until its recent…
Up in Lights: Morris Lapidus’ Ainsley Building Gets Sexy Nighttime Glow
The Flagler Street office building originally known as the Ainsley Building was designed by seminal MiMo architect Morris Lapidus in 1952, just around the time he designed his most famous building, the Fontainebleau. Having been renamed One Flagler by developer Harvey…
Commercial Real Estate National News Roundup for Sept. 14, 2015
Drone testimony from NAR’s President, 50M new square feet of industrial comes online, and apartment tenants controlling thermostats and window shades with their smart phones — it’s all here in the Commercial Real Estate News Roundup for September 14…
The SBA Loan Market: Financing In Greater Demand Than Ever
Nationally speaking, the finance of owner-occupied commercial real estate seems to never get significantly easier. Our current national economic conditions of recovery have not yet heated up the average enthusiasm of bankers for financing sub-$2M expansions in most real estate sectors, which…
Meet the Firm That’s Changing Florida CRE Scene
Art Falone, co-founder and managing principal at Encore, shares details about transformative projects with Jennifer LeClaire’s GlobeSt.com in this interview….
Capital One Makes $89M Loan for Miami Multifamily
The banking giant had good reasons to make the bet….
Ugo Colombo’s New Condo Tallest South of NY
Developed by CMC Group, Brickell Flatiron is nearly 50% sold out.