Apr 07, 2015 - 0 Comments - Top Stories -

Commercial Real Estate News for South Florida April 7, 2015

Miami, Florida Skyline, Showing Lots of Commercial Real Estate

Commercial Properties Fill the Miami Skyline at Dusk

429-Unit Rental Project Planned At Miami Worldcenter

While sales are already underway for a condo tower at Miami Worldcenter, a second residential tower is being planned as a rental tower.  Plans for the 47-story ‘Tower 1′ at Miami Worldcenter show that the high-rise would include 429 apartments. Units would be relatively small, ranging in size…

Design District: Louis Vuitton Opening,…

Speaking of the Design District, Racked Miami reports that Louis Vuitton’s mega multi-story boutique will be opening there this Friday in its own building. Big name boutiques have been opening left and right in the neighborhood, but Louis’ opening is particularly noteworthy. [Racked Miami; Design …

Biscayne Beach Gets FAA Approval

Federal Aviation Administration officials have concluded a study of the Biscayne Beach condo project, resulting in approval for the height of the tower.  In a determination issued last week, the FAA approved the 585-foot height that developers had requested for the building. That is in the same range or slightly taller…

Parking Palaces: The Design District’s Silvery City View Garage is Opening Soon

If you’ve driven on the link between Julia Tuttle and 112/I-95 anytime in the past year, or if you’ve been circling the neighborhood for parking lately, you have without a doubt come across the Design District’s brand new City View Garage, tempting but unavailable to park….

Fun with urban planning: In a long piece in the Herald…

In a long piece in yesterday’s Miami Herald on the Downtown Development Authority’s plan to turn Biscayne Boulevard into a Grand Promenade, Andres Viglucci notes that the DDA wants to revisit extending the pedestrianized promenade to the north in the future. For now it stops at NE 5th Street because…

Brickell Heights condo towers land $160M construction loan

The Related Group’s Brickell Heights towers received a $160.5 million construction loan, Miami-Dade County records show.  Wells Fargo granted Brickell Heights the mortgage to 9SMA and 9SMA West, LLCs affiliated with Rockpoint Group, a real estate private equity…

Terra and Related Groups’ Park Grove development harmful to business, Coconut Grove Bank lawsuit alleges

Miami-based Coconut Grove Bank filed a lawsuit against 2701 Bayshore Ventures LLC, an affiliate of the Terra Group and the Related Group , seeking to halt work on its Park Grove condominium project.

Pipeline Workspaces valued at $15M, working toward $100M valuation by 2017

Shared workspace company Pipeline Workspaces sold a minority stake, bringing the company’s valuation to $15 million.  A member of Pipeline Brickell bought the stake, according to a company press release. Pipeline Brickell is the brand’s first location.

Developers plan 925,000 sf business park for Deerfield Beach

Two developers have announced plans to build a 925,000-square-foot business park on the site of the former Deerfield Country Club in Deerfield Beach.  The park, branded as the…

Q&A with Harvey Hernandez of Newgard Development

Harvey Hernandez, president and CEO of Newgard Development Group, has been developing commercial and residential properties in the tri-county region for two decades, most recently with the opening of BrickellHouse in December, which sold 366 of 374 condos as of January.

Anheuser-Busch Picks This Brickell Tower

The high profile lease comes as some are questioning whether Brickell will ever see another office development….

Hovnanian Starting 538-Unit Senior Communiity in Parkland

Groundbreaking is set Wednesday for Four Seasons at Parkland for buyers 55 and up.

Contractor walks away from Keys’ largest redevelopment project

The general contractor installing the infrastructure on the largest redevelopment project in the Keys walked off the job about a month ago and has gone into bunker mode — effectively putting the multimillion-dollar operation on hold once again.