Coming Soon: Mana’s Special Area Plan For Wynwood
Moshe Mana will soon submit a Special Area Plan for about 30 acres that he owns in Wynwood, his architect told a Miami board yesterday. Bernard Zyscovich said that the plan would be commercial oriented, include assembly space, and create jobs. It will be submitted for review in two or three months, he said. Just a handful of Special Area…
Towering Technicolor Infernos: Michael Simkins, the developer of…
Michael Simkins, the developer of the Miami Innovation Tower and Miami Innovation District, is pushing forward with the project even as billboard-wary Miami activists are in full-un meltdown mode and Mayor Regalado talks of slowing him down. The developer has “applied this week to Miami’s building…
Miramar Hilton Garden Inn sold for $22M
MEI Hotels sold the Hilton Garden Inn in Miramar for $22.1 million. Miramar Lodging, an affiliate of Cleveland-based MEI, sold the hotel to an affiliate of Louisville, Ky.-based Schulte Hospitality Group. The price equates to $148,322 per room. The 149-room hotel, totaling 82,393 square feet, was developed at 14501 Hotel Road…
Wynwood in the Rezone: Last night the Miami Planning…
Last night the Miami Planning and Zoning Board unanimously approved a slew of changes to update the zoning code in Wynwood, the biggest step yet towards rezoning the neighborhood from its former industrial to uses more in keeping with Wynwood’s future. The new zoning will lay the groundwork for wide…
Mark Soyka, the restaurateur behind such iconic and loved Miami haunts as the News Cafe, Soyka, Andiamo, and the former Van Dyke Cafe, and the man who created the 55th Street Station cluster of shops and restaurants, is restoring the historic Bay…
New York developer spends $42M assembling block on South Beach
An affiliate of New York-based JDS Development Group spent a combined $41.9 million during May and June acquiring 13 lots along Monad Terrace in South Beach. The small street is located between West Avenue and the Intracoastal Waterway near 13th Street. It’s on the south side of the Wavery condominium.
Colliers CEO Doug Frye resigns following spinoff
From the New York website: Doug Frye, the former chief executive officer and president of commercial brokerage Colliers International, resigned from his post, according to a press release issued by the company Wednesday. Several weeks ago, Colliers announced it…
Jeff Greene adds to West Palm portfolio
Real estate investor Jeff Greene added to his portfolio in the Currie Park Corridor of West Palm Beach with the purchase of 0.87 acres, according to a press release. Less than a month after buying 4.5 acres along Flagler Drive for $31 million, Greene…
13th Floor affiliate to build 225 homes in Broward
Central Communities, the home building division of the Miami-based developer 13th Floor Investments, has announced plans to build 225 homes in Tamarac. The company’s announcement comes days after it purchased the 33-acre site of their…
Schulte nabs Miramar Hilton Garden Inn for $22M
A hotel in Miramar was just sold to a Kentucky-based hospitality group for $22 million. Schulte Hospitality Group, in their second South Florida purchase this month, picked up the 149-room Hilton Garden Inn at 14501 Hotel Road. Garden Inn is…
JDS Development affiliate picks up South Beach site for $15M
A company tied to New York City-based JDS Development Group paid a combined $15 million for two properties in Miami Beach, more than 17 times their last combined sales. Monad Terrace Property Owner paid $9.8 million for a single-family home and $5.22…
Miami sees jump in foreclosure activity: report
Despite a continued trend of national decreases, Miami saw a jump in foreclosure activity during May, according to a RealtyTrac report. Miami saw an annual increase of 17 percent in foreclosure activity, marking the 10th greatest jump in the United States.
Report: Pent Up Demand for This Type of CRE Asset
There’s plenty of talk about luxury condos, multifamily rentals and even affordable housing, but one developer is focused on another residential proposition.
This Dade Office Won Life Insurer’s Confidence
Completed in 2001, the office building is 95% leased to tenants including Symantec, Ingham & Company, and Eastman Chemical.
No Stopping Miami Worldcenter Now
The developers behind $2 billion Miami Woldcenter bought their first parcels of land in the heart of Downtown Miami 10 years ago. Now, they are beginning to see their vision come to pass with construction set to begin in the third quarter.
Miami Neighborhood Transformation: Wyndwood Goes From Industrial Chic to High-Rise Residential
The Miami zoning board unanimously recommended significantly denser zoning in Wynwood’s gentrifying industrial district.