Three all-star teams of developers qualify to bid on $10B Miami-Dade project Miami-Dade County’s ambitious plan to redevelop 17 acres of land in downtown Miami into a $10 billion mixed-use project will pit some of the biggest names in real estate against each other, The Real Deal has learned. Three all-star development teams have qualified to […]
Five 800+ Foot Towers Now Under Construction In Miami There are now five 800-foot tower under active construction in Miami, for the first time ever. There are also now two completed towers taller than 800 feet, making it seven Miami towers either completed or under construction at that height. Miami’s first 800-foot tower was completed […]
Meruelo family, David Martin propose big plans for Deauville Miami Beach site The Meruelo family and David Martin are proposing land use changes that would allow them to build a larger project on the former site of the Deauville Beach Resort in Miami Beach. Recent legislative changes would allow a floor area ratio, or overall project […]
Stabilized purchase: BentallGreenOak pays $60M for Medley warehouse with locked-in tenant BentallGreenOak paid $60 million for a Medley warehouse with a tenant locked in for the next two decades. An affiliate of BentallGreenOak, a New York-based real estate investment firm led by co-CEOs Sonny Kalsi and John Carrafiell, bought a cold storage facility at 7600 Northwest […]
Watson Island Referendums Pass, Allowing Four New Towers Miami voters voted yes on two separate items on the ballot yesterday relating to Watson Island, paving the way for new development. The two separate ballot questions were: Charter Amendment: Partial Conveyance for Revised Development at 1111 Parrot Jungle Trail on Watson Island Shall Miami’s Charter be […]
Amazon Reportedly In Talks To Lease Large Office Space In Wywnood Amazon could become the latest tech giant to move to Wynwood. The company is reportedly in talks to lease between 60,000 and 80,000 square feet at the under-construction Wynwood Plaza, according to Commercial Observer. At the time of writing, the talks were for about […]
Target Opens 50,000 SF Store at Sawyer’s Walk in Miami’s Overtown Neighborhood Target has opened a new 50,000-square-foot store at Sawyer’s Walk, a 1.5 million-square-foot mixed-use development underway in Miami’s Overtown neighborhood. SG Holdings, a partnership between Swerdlow Group, SJM Partners and Alben Duffie, is the master developer. Construction on the 3.4-acre development began in […]
Ares cements top ranking for pricey purchases in South Florida, paying $147M for Miami Lakes industrial complex Ares Management paid $147 million for a recently completed Miami Lakes warehouse complex, notching the biggest industrial purchase so far this year. It’s also the third time in less than a year that Los Angeles-based Ares dropped nine […]
$443M Sale of 701 Brickell Office Tower in Downtown Miami Arranged JLL Capital Markets has arranged the $443 million sale of 701 Brickell, a trophy office building totaling 685,279 square feet in the heart of downtown Miami’s Brickell financial district. The sale marks the second-largest office transaction in Florida history, according to JLL. Morning Calm […]
Shops at Midtown Miami Sold, Has Over 3.4 million Annual Visitors Benderson Development has completed the purchase of the Shops at Midtown Miami. JLL Capital Markets said it worked on behalf of the seller to complete the transaction. The property has a leasing rate of 98.3%, and attracts 3.4 million annual visitors. It opened in 2006. […]
Developer Moves Forward with Plans for 7,500-Unit Mixed-Use Development and New Tri-Rail Station in Miami’s Little River District Swerdlow Group, led by veteran developer Michael Swerdlow, is moving forward with plans to transform the Little River District in Miami’s Little Haiti neighborhood. The proposed development, spanning approximately 63 acres, will include 7,500 residential units, combining […]
House Of Wellness Hotel Proposed In Brickell, With 832 Lodging Units A pre-application has been filed with Miami-Dade reviewers for a hotel tower in Brickell called House of Wellness. House of Wellness is proposed to rise 43 stories, and include: 832 lodging units 347 parking spaces A rooftop pool deck is planned on level 43. […]
Whale & Star Wynwood to Develop Eight-Story Cloud One Hotel, Residences in Miami A joint venture doing business as Whale & Star Wynwood Owner LLC has announced plans for a new, eight-story mixed-use project in the Wynwood neighborhood of Miami. Spanning half a city block at 2215 N.W. 1st Place, the development will feature a […]
Developer Proposes Multifamily Development in RTZ at 1136 NW 8th Ave in Miami On Saturday, Florida YIMBY reported on San Sebastian Luxury Homes, a venture seeking to double its density because of new Rapid Transit Zone (RTZ) rules. Now, we’ve learned of another transit-oriented development in Miami-Dade County. The South Florida Business Journal reports that […]
Foundation Completed for One Park Tower at SoLé Mia in North Miami Turnberry has completed the foundation pour for ONE Park Tower by Turnberry, a 33-story ultra-luxury condominium tower within the 184-acre master-planned community of SoLé Mia in North Miami. The tower, located at 2411 Laguna Circle, will feature 292 residences overlooking a seven-acre Crystal […]
Ben-Josef family proposes 561-unit rental project near North Miami, amid record South Florida multifamily construction pipeline The Ben-Josef family, owners of the Sagamore Hotel South Beach, propose a 561-unit apartment building near North Miami. Their plan comes as South Florida is experiencing a multifamily construction boom, putting the tri-county region in line for a record number […]
