Category: Top Stories

Miami Commercial Real Estate News October 4, 2023: Surfside Approves Plan for Collapse Site; North Bay Village Tower Approved; Coral Gables Dev Site Trades for $11.5M; More…

Oct 04, 2023 - Top Stories - 0 Comments - Standard

Condos Approved At Site Of Deadly Surfside Tower Collapse During Contentious Meeting Dubai-based developer Damac International won approval to move forward with construction of a 12-story condo property on the site of a 2021 condo collapse that killed 98 people in Surfside, Florida. The 52-unit condo development won approval from the Surfside Town Commission during […]

Miami Commercial Real Estate News September 27, 2023: $1B MXU Proposed for Medical District; 801 Brickell to Sell for $250M; Walgreen’s Location Trades for $13M; More…

Sep 27, 2023 - Top Stories - 0 Comments - Standard

Black Salmon, Allen Morris Co. Plan $1B Highland Park Miami Mixed-Use Project Black Salmon and The Allen Morris Co. have unveiled plans to develop Highland Park Miami, a $1 billion mixed-use project that will span seven acres and increase the footprint of the Miami Medical District by approximately 10 percent. Plans call for 1,000 residential […]

Miami Commercial Real Estate News September 20, 2023: Five New Towers Proposed at Miami Worldcenter; Coral Gables Office Property Trades for $90M; More…

Sep 20, 2023 - Top Stories - 0 Comments - Standard

5 New Towers, Including An Office Building, Proposed At Miami Worldcenter Plans for five new towers totaling more than 4M SF at the Miami Worldcenter development just north of Downtown Miami are under review. The 27-acre master-planned community is overseen by master developer Art Falcone, the CEO of Boca Raton-based Falcone Group, and Nitin Motwani, managing […]

Miami Commercial Real Estate News September 13, 2023: 90-Story Dolce & Gabbana Tower Announced; 554-Unit MF Proposed for Edgewater; Clevelander to be Replaced with 30 Story MF; More…

Sep 13, 2023 - Top Stories - 0 Comments - Standard

Dolce & Gabbana Joins Forces With JDS For Supertall Tower At 888 Brickell Avenue In Miami Italian fashion powerhouse Dolce & Gabbana is extending its brand into luxury real estate with a newly announced partnership alongside renowned developer Michael Stern and his JDS Development Group. The collaboration marks Dolce & Gabbana’s foray into the world […]

Miami Commercial Real Estate News September 6, 2023: West Miami MF Trades for $91M, Distressed Surfside Dev Site for $40M; Office Rents Up; 373-Unit MF Proposed for North Miami; More…

Sep 06, 2023 - Top Stories - 0 Comments - Standard

GID Acquires West Miami Multifamily Property for $91M Altis Ludlam Trail in West Miami has been rebranded as “Windsor Ludlam Trail”. Image courtesy of GID GID has sealed its $91.4 million purchase of Altis Ludlam Trail, a newly-built, 312-unit luxury multifamily community in West Miami, Fla., from The Altman Cos. The buyer assumed a $55.4 […]

Miami Commercial Real Estate News August 30, 2023: Inter Miami Stadium Site Breaks Ground; 631-Unit Tower Approved for Omni CRA; Co-Living Approved for Areas of Miami; More…

Aug 30, 2023 - Top Stories - 0 Comments - Standard

Indigo, Linkvest plan mixed-use project in Hialeah Gardens Indigo Properties and Linkvest Capital are planning to redevelop a truck yard into a mixed-use project in Hialeah Gardens. The joint venture is proposing a three-story self-storage facility sandwiched between seven single-tenant retail buildings on an 8-acre site at Northwest 138th Street and Northwest 107th Avenue, according to […]

Miami Commercial Real Estate News August 23, 2023: Udonis Haslem Plans 200-Unit Multifamily; Coral Gables Office Building Trades for $50M; More…

Aug 23, 2023 - Top Stories - 0 Comments - Standard

Udonis Haslem, Magellan plan 200-unit low-income housing project in North Miami Former Miami Heat star Udonis Haslem and Magellan Housing plan a 200-unit project with affordable apartments and workforce-priced townhouses for sale in North Miami, The Real Deal has learned. Miami-based Magellan and Haslem, who retired from professional basketball this year, want to develop Catherine Flon […]

Miami Commercial Real Estate News August 16, 2023: Ludlum Trail MF Acquired for $91M, Little River MXU for $34M, Hialeah MF Dev Site for $24M; More…

Aug 16, 2023 - Top Stories - 0 Comments - Standard

GID Snaps Up Rental for $91M Along Miami’s Ludlam Trail GID, a Boston-based investment firm, paid $91.4 million for a newly constructed apartment complex along Miami’s Ludlam Trail, property records show. Seller BBX Capital Real Estate, which owns the Fort Lauderdale-based development firm The Altman Companies, completed Altis Ludlam Trail last year. The seven-story building houses 312 […]

Miami Commercial Real Estate News August 9, 2023: Mercedes-Benz Properties Trade for $150M; Inter Miami Gets Construction Loan; MF Occupancy Drops; Kapoor Scandal Deepens; More…

Aug 09, 2023 - Top Stories - 0 Comments - Standard

Inter Miami Gets $75M From Ares Management For Stadium Construction Soccer superstar Lionel Messi’s new club has received an infusion of capital from a private equity giant toward the construction of a new stadium.Los Angeles-based Ares Management provided a $75M preferred equity investment to Major League Soccer’s Inter Miami. The funding will be used for […]

Miami Commercial Real Estate News August 2, 2023: Miami Retail Rent Growth Leads Nation; $190M Loan Secured for Raleigh Hotel Reno; Brickell Tower Replacement Proposed; More…

Aug 02, 2023 - Top Stories - 0 Comments - Standard

Pre-App Filed Last Year For 61-Story Worldcenter Towers With Skybridge A pre-application for twin 61-story towers at Miami Worldcenter connected by skybridge was filed in 2022, city records show. A pre-application meeting took place last year, the records show. The project was proposed to include: 1,102 residential units amenities on levels 12, 13, 39 and […]

Miami Commercial Real Estate News July 26, 2023: MIA Hotel Deal Landed; Chrysler Building Owner Proposes Miami Supertall; Brickell Dev Acre Listed for $70M; More…

Jul 26, 2023 - Top Stories - 0 Comments - Standard

Fontainebleau, Related Cos. Win Bid To Develop New Miami International Airport Hotel Miami-Dade County commissioners approved a ground lease for a new hotel at Miami International Airport, bringing a close to a three-year bidding process that will bring the first new hotel to the airport in 60 years. The 451-room hotel with Westin branding will […]

Miami Commercial Real Estate News July 12, 2023: 380-Unit Multifamily Planned for Health District; Miami Office Market Cooling; More…

Jul 12, 2023 - Top Stories - 0 Comments - Standard

Here’s How Miami’s Urban Development Review Board (UDRB) Voted On Major Projects Last Month Miami’s Urban Development Review Board had a full agenda of projects that it voted on last month. Here are the results from the June 21 meeting: 700 NMA The UDRB voted to recommended approval with the two conditions: Explore improved pedestrian […]

Miami Commercial Real Estate News July 6, 2023: Plans Unveiled for $600M Metro Center in Hialeah; Buyer Backs Out on $200M Miami Beach Condo Buyout; More…

Jul 06, 2023 - Top Stories - 0 Comments - Standard

Developers 13th Floor Investments & Opera Acquisitions Spend $103M To Assemble Oceanfront Miami Beach Development Site Two South Florida real estate firms have assembled a significant plot of oceanfront land for an upcoming development. 13th Floor Investments and Opera Acquisitions paid $73M for a 46-unit oceanfront timeshare property at 3611 Collins Ave., adjacent to a condo […]

Miami Commercial Real Estate News June 28, 2023: $600M Transit Oriented Development Announced for Hialeah; Brickell Key Towers Get FAA Approval; More…

Jun 28, 2023 - Top Stories - 0 Comments - Standard

$600M Transit-Oriented Development Announced In Hialeah Developers have announced plans for a transit-oriented development called Metro Center in Hialeah. The development is being built a short walk away from the Metrorail and Tri-Rail Transfer Station. Metro Center is planned to include 2.3 million square feet in several buildings, including: Metro Parc, a 559-unit, 10-story building […]

Miami Commercial Real Estate News June 21, 2023: Udonis Haslem, Partners Score Wynwood Development Site; JV Plans $500M Brickell Multifamily; More…

Jun 21, 2023 - Top Stories - 0 Comments - Standard

Leste, Brazilian partner plan 500-unit apartment tower in Brickell Leste Group and Brazilian real estate firm Opportunity Fundo de Investimento Imobiliário plan a 500-unit apartment tower in Brickell, marking the first project in their $1 billion South Florida development pipeline. Through the pair’s newly formed joint venture, LORE Development Group, the partners want to build a […]

Miami Commercial Real Estate News June 14, 2023: Bezel MF Tower Hits Market for $300M; Surfside Collapse Site Plans Revealed; 3 Towers Proposed at Former Arena Site; More…

Jun 14, 2023 - Top Stories - 0 Comments - Standard

Moinian’s Bezel rental tower at Miami Worldcenter hits market for roughly $300M: sources The Moinian Group put the Bezel apartment tower at Miami Worldcenter on the market for roughly $300 million, The Real Deal has learned. If it sells at that price, it would mark the biggest South Florida multifamily deal so far this year, as […]

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